Is FP Markets a Good Broker?

FP Markets is a solid broker, and yes, it's safe for traders in both South Africa and Australia. The broker is regulated by ASIC in Australia and FSCA in South Africa, meaning it has to follow strict rules in both countries to protect your money. Your funds are kept in separate bank accounts, away from the company's own cash.

So even if something goes wrong with the broker, your money stays protected. FP Markets has been operating since 2005 and holds a 4.9 out of 5 rating on Trustpilot from over 9,000 reviews.

You can trade forex, stocks, gold, indices, and crypto, all from platforms like MT4, MT5, and TradingView. Trading costs are low, especially on their Raw account.

Is FP Markets a Legit and Reliable Broker?

FP Markets isn’t just a broker with fancy marketing; it’s a company with multiple regulations in the industry as a financial service provider that has a 19 year developed global network.

FP Markets Regulation

First Prudential Markets Pty Ltd is the company name under which FP Markets operates globally and is based in Sydney, Australia. It has several regulated entities to cater to clients worldwide:

• ASIC (Australia): FP Markets Pty Ltd holds an Australian Financial Services Licence (AFSL no. 286354) that was issued by the ASIC (Source: FP Markets Legal Documents).
• CySEC (Europe): FP Markets LLC (registration no. HE 372179) is authorised and regulated by the CySEC under license number 371/18.
• FSCA (South Africa): FP Markets SA (Pty) Ltd is an authorised Financial Services Provider regulated by the FSCA of South Africa, FSP No. 50926.
• FSA (St. Vincent): For international clients, FP Markets LLC is registered by the FSA of St. Vincent and the Grenadines (LLC No. 126 LLC 2019).

Client Fund Security

All client funds are held in segregated accounts with major banks, so FP Markets can’t use your funds for operational purposes. This is key to protecting your capital, similar to other regulated brokers like TradersWay.

FP Markets Trading Platforms: MT4, MT5, and Iress

FP Markets provides a wide range of trading platforms to cater to the trading requirements of all kinds of traders - be they forex day traders, stock traders, or those into advanced charting tools. Notable amongst these are:

MetaTrader 4 (MT4)/MetaTrader 5 (MT5)

These platforms are the mainstays of the products presented by FP Markets. The multi-asset platforms are available on Windows, macOS, WebTrader as well as mobile apps (iOS and Android).

You will get:

• Shooting execution speed
• Provision of 60+ forex pairs, metals, indices, and others
• One-click trading, technical indicators, and automated trading through Expert Advisors (EAs)

Iress Platform (Advanced Trading for Shares & CFDs)

If you want to utilize DMA while trading global equities, indices, and commodities, then the Iress trading platform is the answer. The platform has been upgraded to feature:

• Professional charting tools
• Advanced order management
• Real-time price streaming

Note: Iress is frequently available with FP Markets Australia (ASIC-regulated) and the account requires a deposit of at least $1,000 AUD.

Spreads & Fees: ECN Conditions

FP Markets are known for their low spread and transparent fees. This is:

• Raw Spread Account: Spreads from 0.0 pips + $3 per side (per lot)
• Standard Account: Spreads from 1.0 pip – no commission
• Iress Account: Commission from $10 min, depending on trade volume

Regardless of the account type a client chooses, they will have large equities and fast execution without a dealing desk.

FP Markets Account Types: Which One Would Suit You?

FP Markets has a set of trading accounts designed for all – newbies and professional traders. But at the same time, every type can be categorized into:

Standard Account

• Spreads: 1.0 pip
• Commission: None
• Leverage: Up to 1:500–depending on your region.
• Platform: MT4/MT5
• Min Deposit: AUD $100 or equivalent.
• Best for: Beginners or commission-free traders.

Raw Account

• Spreads: 0.0 pips
• Commission: $3 per lot per side
• Leverage: Up to 1:500
• Platform: MT4/MT5
• Min Deposit: AUD $100
• Best for: Scalpers and algorithmic traders

Iress Accounts

For traders who are heavily involved in CFD trading, especially stock trading.

• Account types: Standard, Platinum,and Premier
• Minimum deposits:
• Standard: AUD $1,000
• Platinum: AUD $25,000
• Premier: AUD $50,000
• Commission Structure: 0.10% with volume discounts
• Platform: Iress ViewPoint

Check Forex and IRESS Account Types | FP Markets

FP Markets Demo Account: Try Before You Trade

FP Markets offers free book-keeping services for both MT4/MT5 and Iress platforms. These accounts are live trading with real market conditions so you can:

• Practice strategies
• Learn the platforms
• See real-time spreads and conditions

FP Markets Withdrawal Process: Is It Smooth?

FP Markets has various withdrawal policies to get your money quickly and without losing it. Methods for withdrawal include:

• Bank Wire
• Credit or Debit Cards
• E-wallets like Skrill, Neteller, FasaPay, or SticPay
• Cryptocurrency (via Blockchain.com)
• Local Payment Providers (where available)

Withdrawal Conditions

• Log in to Client Portal.
• Go to ‘Funding’ > ‘Withdraw’ in your Client Area.
• Select your preferred method.
• Submit your request.

How Good is FP Markets Customer Support?

FP Markets has 24/5 support through award-winning and multilingual staff. You can contact support through:

• Social Media: Facebook, Instagram, LinkedIn
• Live Chat
• Email: [email protected]
• Phone: +61 (0)2 8252 6800

Plus, they have a very helpful Help Centre and the best Trading Guides for beginners and experts.

Is FP Markets Good for Beginners?

Yes. FP Markets supports beginners in the following ways:

• User-friendly MT4/MT5 platforms
• Multilingual support
• Low minimum deposits (from AUD $100)
• Free demo accounts

Extensive education resources including webinars, video tutorials and eBooks.

Conclusion: Does FP Markets Deserve to be Called a Good Broker?

Yes. FP Markets is a global regulated, transparent, and competitive broker. With low spreads, fast execution, many assets, and support for both MetaTrader and Iress platforms, the broker can cater to day traders, investors, and beginners.

Plus, being regulated by ASIC, CySEC, and other regulators definitely gives more trust, and all the fundamentals such as account types, education tools, and customer support will give you peace of mind. Get the most desired broker for start trading today!

Learn More About FP Markets.

FAQs

Is FP Markets a good broker?

Yes, FP Markets are regulated by ASIC, CySEC, FSCA, and others so you can trade safely.

What is the minimum deposit for FP Markets?

Standard and Raw accounts AUD $100 (or equivalent).

Is FP Markets regulated?

Yes, they have licenses from:

• ASIC (Australia)
• CySEC (Europe)
• FSCA (South Africa)
• FSA (St. Vincent & the Grenadines)

What platforms does FP Markets offer?

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• Iress platform for stock CFDs trading

How do I withdraw from FP Markets?

Use the Client Portal and follow the steps to withdraw by card, wire, e-wallet or crypto.

Does FP Markets offer a demo?

Yes - unlimited time demo on MT4, MT5 and Iress. Try a Demo.

What can I trade with FP Markets?

You can trade Forex, Indices, Shares, Commodities, Crypto, ETFs

How is FP Markets’ customer support?

Superb – 24/7, multi-language and live chat, phone and email.