Broker Review | FP Markets

avatar
Akun Resmi Terverifikasi
· Views 78
Broker Review | FP Markets

First Prudential Markets, popularly known by its tradename FP Markets, is an Australia-headquartered forex broker and was founded in 2005.

 

This broker offers a range of investment instruments with forex, stocks, indices, commodities, and cryptocurrencies. It is best known for offering forex ECN pricing.

 

FP Markets is licensed and regulated in multiple jurisdictions, including the United Kingdom, Australia, Cyprus, and Saint Vincent and the Grenadines.

 

Licenses and Regulations

Legal entity Registered in Regulator License Number Accepting clients from Compensation Scheme Amount
First Prudential Markets Ltd Cyprus Cyprus Securities and Exchange Commission (CySEC) 371/18 EU €20,000
First Prudential Markets pty Ltd
Australia
Australian Securities and Investments Commission (ASIC) 286354 Australia No compensation scheme
FP Markets LLC Saint Vincent and The Grenadines St. Vincent & The Grenadines Financial Services Authority (SVGFSA) 126 LLC 2019 Globally No compensation scheme

Deposit

Payment Method Submitted Date Funded Account Date Funding Time Fee
Debit card 2022-02-25 2022-02-25 5 mins zero
PayPal 2022-02-25 2022-02-25 5 mins zero
Skrill 2022-02-25 2022-02-25 5 mins zero
Neteller 2022-02-25 2022-02-25 5 mins zero
Internal Transfer 2022-02-26 2022-03-01 1 working day zero

Withdrawal

Payment Method Submitted Date Fund Released Date Fund Arrived Date Withdrawal Time Fee
Credit/Debit card 2022-03-01 2022-03-01 2022-03-01 2 working day zero
Skrill 2022-03-01 2022-03-01 2022-03-01 2 working day 0.01%
PayPal 2022-03-01 2022-03-01 2022-03-01 2 working day zero
Neteller 2022-03-01 2022-03-01 2022-03-01 2 working day 0.01%

Markets and Products

Markets Instruments
Forex 61
Indices 14
Stocks 8936 (54 stocks on MetaTrader and 8,884 on IRESS)
Commodities 1737
Cryptocurrency 14

Trading Platform

FP Markets offers trading services on MetaTrader and IRESS platforms. IRESS is popular for offering stock CFDs and is only available to traders on the ASIC-regulator entity.

All trading platforms offered by FP Markets are:

  • MetaTrader 4
  • MetaTrader 5
  • IRESS

Customer Service

Question Response Time Quality of reply
Live Chat About hedging and scalping 1 min Clear and direct
Live Chat Can MT4 account trade Apple and FTSE100? 5 mins Clear, but inaccurate
Email To verify our debit card after a deposit made with it 1 hour Clear and direct

Conclusion

Our overall experience with FP Markets was positive.

All the processes, from account opening to deposits and trading, went smooth. Though the withdrawal process takes two days, it is consistent.

The most impressive part with this broker is the ECN pricing and low spreads for forex and indices. The availability of many stock CFDs on IRESS is also a positive feature for traders.

However, we were disappointed with the multiple inaccurate answers by the FP Markets customer support executives. 

 

We recommend FP Markets for traders who are

  • Forex traders
  • FP markets is excellent for Australia-based stock CFDs traders
  • Beginners in trading
  • Experienced traders
  • ECN traders
  • Scalping or hedging traders
  • EA trader

FP Markets might not be a fit for

  • Trading Futures, Real Stocks or Index
Source: https://brokertested.com/fp-ma...

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0

Tinggalkan pesan Anda sekarang

  • tradingContest