FP Markets

May 30, 2023

Trust Score:

About FP Markets

FP Markets stands out as a reputable broker offering a secure and efficient trading environment. The combination of strong regulatory oversight, a seamless account setup process, multiple funding options, comprehensive support for automated trading, and competitive trading conditions makes it an attractive choice for traders of all levels. However, potential clients should be aware of any fees associated with specific funding methods and ensure they choose the option that best suits their needs.

Regulation & Security

FP Markets is a well-established broker founded in 2005, operating under the oversight of top-tier regulatory bodies, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This robust regulatory framework ensures compliance with stringent financial standards, providing clients with a secure and trustworthy trading environment.

Account and Setup

The account opening process with FP Markets is straightforward and efficient. Clients can complete the digital registration swiftly, with clear instructions provided throughout. The broker requires standard identification documents for verification, aligning with industry norms, and there is a low minimum deposit requirement, making it accessible to a wide range of traders.

Funding Options

FP Markets offers a variety of funding methods, including bank transfers, credit/debit cards, and e-wallets. Deposits are typically processed promptly, and the broker maintains a transparent fee structure, ensuring clients are well-informed about any potential charges. However, it's important to note that while many funding options are free, there may be fees associated with certain withdrawal methods, particularly international bank transfers.

Bot & API Compatibility

For traders interested in automated trading strategies, FP Markets provides robust support. The broker offers compatibility with popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all of which are renowned for their algorithmic trading capabilities. Additionally, FP Markets supports the use of Expert Advisors (EAs) and provides access to Virtual Private Servers (VPS) to ensure uninterrupted automated trading.

Trading Conditions& Restrictions

FP Markets delivers competitive trading conditions, featuring tight spreads and fast execution speeds. Clients have access to a wide array of financial instruments, including forex pairs, commodities, indices, cryptocurrencies, and shares, allowing for diversified trading strategies. The broker imposes minimal restrictions on trading styles, supporting both scalping and hedging techniques. Additionally, FP Markets offers a variety of account types to cater to different trading preferences and strategies.

FP Markets Reviews

Level 39, Marina Bay Financial Centre Tower 2,
10 Marina Boulevard, 018983 Singapore.

Risk Disclosures:

Trading or investing, whether on margin or otherwise, carries a high level of risk and may not be suitable for all individuals. Leverage can work against you as well as for you. Before deciding to trade or invest, you should carefully consider your investment objectives, level of experience, and ability to tolerate risk. There is a possibility that you could sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing and seek advice from an independent financial advisor if you have any doubts. Past performance does not necessarily indicate future results. Tradomatix shall not be held responsible should any losses be incurred. All risk is borne by the software user.

Legal Disclosures:

Having custody of (access to) investor funds is a highly regulated activity. It requires a Capital Markets Services (CMS) License issued by the financial regulatory authorities. Tradomatix does not engage in any activity that involves holding custody of investor funds. Clients have full custody of funds with authorised and regulated liquidity providers. Making investment decisions or placing discretionary trades on clients’ behalf is a highly regulated activity. It requires a Capital Markets Services (CMS) License issued by financial regulatory authorities. Tradomatix does not engage in any activity that involves discretionary trading. All trading decisions are made by client-controlled licensed software, at the discretion and full control of each user. Know-your-customer (KYC) activity is a stringent requirement by financial regulators to ensure all financial activities comply with Anti-Money Laundering Authority (AMLA) regulations. Tradomatix services do not involve conducting KYC checks. This process is performed by authorised and regulated liquidity providers. Tradomatix is an Artificial Intelligent software firm specialising in developing trading software for retail and corporate users, not a financial advisory or fund management firm. Tradomatix does not hold any custody of investor funds or execute discretionary trades on behalf of clients. Tradomatix technology integrates with liquidity providers and fund custodians that are regulated by the Monetary Authority of Singapore (MAS) for corporate users and the Australian Securities and Investments Commission (ASIC) for retail users.

(Shariah-compliant accounts available for our Muslim users)