FP Markets is an international broker that has been licensed & regulated in Australia since 2005.
Officially owned and operated by; First Prudential Markets Pty Ltd, they are located at; Level 5, Exchange House, 10 Bridge St, Sydney, NSW 2000 Australia. Contact phone number in Australia is: +61 28 252 6800, and for worldwide clients at: +442825447780. Customer support email address is: [email protected]. Official website: https://www.fpmarkets.com/.
For clients with complaints or withdrawal problems go read this.
FP Markets Broker Reviews
The first thing we noticed when reviewing the Forex & CFD broker FP Markets, is that they are offering the amazing IRESS trading platform. As with all brokers, you can also utilize their MetaTrader 4 & MetaTrader 5 trading platforms in the desktop or web-based version, but IRESS is unique and powerful.
Trading CFD’s on IRESS is much better than other trading platforms we have seen. You will have access to customized charting tools, technical analysis, and the ability to store and save your charts. CFD traders have access to more than 10,000 underlying assets, across all global markets. For a new CFD trading account, the minimum deposit requirement is $1,000.
Social Trading is a new feature that was introduced last year. It is currently not available to Australians, but it is available to investors in the rest of the world. Social Trading allows you to select other traders to follow their trades, and it is automatically copied into your account.
FP Markets website is translated into many languages including; English, French, Italian, Russian, German, Portuguese, Spanish, Arabic, Thai, Vietnamese and Malay. Forex trading accounts have leverage up to a maximum of 500:1. If you are based in Australia or the European Union, then your margin rate is limited to 30:1.
Minimum deposit for a new trading account at FP Markets is only $100, read more.
Is FP Markets a Legit Broker?
Currently this broker is operating in 3 different jurisdictions, depending on your residency.
- Australia: FP Markets is licensed and regulated by ASIC. An ASIC license is the most valuable regulatory supervision a Forex broker can attain. FP’s license numbers are ABN 16 112 600 281 & AFS License Number 286354, under their corporate name First Prudential Markets Pty Ltd.
- Europe: First Prudential Markets Ltd is licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) with license number 371/18.
- International clients are trading at an entity called: FP Markets LLC, a company in Saint Vincent and the Grenadines. Company number 126 LLC 2019. This is an offshore company that is not licensed or regulated!
The Scam Broker Investigator uses a straight forward method in determining if a broker is a scam or a legitimate broker. We check to see that they are licensed and regulated in the country they are offering their services. Investors and Day Traders should only use a licensed broker to ensure that their funds are protected in the event that the broker goes bankrupt.
It is very important for all investors to double check, that they broker they are investing with, is licensed and regulated. There are hundreds of online broker that are not licensed, so make sure you verify your brokers license!
Is FP Markets a Regulated Broker?
Yes, FP Markets is licensed and regulated in both Australia and Cyprus.
Does FP Markets offer high trading leverage?
Regulated brokers in Europe and Australia have limits on leverage to a maximum of 30:1. Any broker that offers higher leverage, is operating via an offshore subsidiary.
Compare Alternative Brokers
Investors always compare a few online Forex brokers before making a final decision, and some day traders have multiple trading accounts.
ForTrade is the most popular broker among our readers, because of their unique trading platforms. You will find Free Trading Signals, MetaTrader4 and ForTrade is licensed in Europe, Canada and Australia, read the review.
Register here for a Free Demo Account.
What was your experience trading with FP Markets? Please share your thoughts in the comments section below.