FP Markets
Rating: 4.9 / 5FP Markets stands out as a solid, no-nonsense Forex and CFD broker that, over the years, has evolved into one of the more reliable names in the industry, with its raw spreads, lightning-fast execution, and a well-optimized MT4 experience. While testing the platform, I found FP Markets’ suite of tools, particularly the 12 MT4 plug-ins and Autochartist signals, offered a noticeable trading edge. The pricing on the Raw account is especially attractive with many spreads starting from 0.0 pips and a competitive $6 round-trip commission.
FP Markets stands out as a solid, no-nonsense Forex and CFD broker that, over the years, has evolved into one of the more reliable names in the industry, with its raw spreads, lightning-fast execution, and a well-optimized MT4 experience. While testing the platform, I found FP Markets’ suite of tools, particularly the 12 MT4 plug-ins and Autochartist signals, offered a noticeable trading edge. The pricing on the Raw account is especially attractive with many spreads starting from 0.0 pips and a competitive $6 round-trip commission.
Broker Details
- Headquarters
- Australia
- Established
- 2005
- Min Deposit
- $100
- Execution
- ECN/STP
- Regulators
- ASIC, CMA (Kenya), CySEC, FSCA
Trading Conditions
- Retail Loss Rate
- 72.44%
- Min Raw Spreads
- 0.0 pips
- Min Standard Spreads
- 1.0 pips
- Min Forex Commission
- $6.00 per Round Lot
- Trading Hours
- Currency PairsMonday 00:02 - Friday 23:59CryptocurrenciesSaturday 00:00 - Friday 23:55CommoditiesMonday 01:00 - Friday 23:57Crude OilMonday 01:00 - Friday 23:57GoldMonday 01:00 - Friday 23:57MetalsMonday 01:00 - Friday 23:57Equity IndicesMonday 10:00 - Friday 23:00BondsMonday 11:00 - Friday 23:00ETFsMonday 16:30 - Friday 23:00
Accounts & Funding
- Funding Methods
- 30
- Deposit Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit CardsNetellerSkrillOther
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 1.2 pips
- GBP/USD
- 1.4 pips
- Gold
- $0.16
- Bitcoin
- $21.08
- WTI Crude
- $0.02
- Inactivity Fee
- No
Platform & Features
- Trading Platforms
- MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based
- Trader Details
- trader type:Newer Tradersrating:5/5summary:Beginner-friendly with solid education, demo accounts, and user-friendly platforms like TradingView.trader type:Copy Tradersrating:5/5summary:Seamless copy trading via MetaTrader, cTrader Copy, and Myfxbook AutoTrade.trader type:Swing Tradersrating:3.5/5summary:Wide CFD range for multi-day trades but limited by average swaps and no ETFs or stocks.trader type:News Tradersrating:3.5/5summary:Good news feeds via Dow Jones and Reuters but lacks deep macro tools.trader type:Automated Tradersrating:5/5summary:Full algo trading support on MT4/MT5/cTrader, plus VPS hosting for stability.trader type:Investorsrating:2/5summary:Not ideal for long-term investing; lacks real stocks, funds, or managed portfolios.trader type:Day Tradersrating:5/5summary:Fast execution, tight spreads, and mobile-ready—great for intraday strategies.trader type:Scalpersrating:5/5summary:Ultra-fast execution, Raw Spread accounts, and tools optimized for scalping.
Pros
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
Cons
- Availability of Iress geographically restricted
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