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FP Markets Review 2023



FP Markets is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries. Founded in 2005 in Australia, FP Markets grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at FP Markets.To get more news about fp markets review, you can visit wikifx.com official website.

FP Markets offers a range of value-added services, consisting of VPS hosting for automated trading solutions, the MT4 Myfxbook service for copy trading, and the MT4 MAM/PAMM module for retail account management. The latest development of the in-house social trading service at FP Markets introduced it to the resurgence in demand from retail traders for this sub-sector of trading. Investing in social trading represents an intelligent management decision and shows a fluid broker seeking to offer the best services to clients.
Traders should always trade with a regulated broker but also ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD, which remains the best Tier-1 regulator operational. FP Markets operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme).

First Prudential Markets LTD is the entity authorized by the Cyprus Securities and Exchange Commission (CySEC), also a Tier-1 regulator, but since 2018 also home to the least competitive trading environment. EEA traders get an investor compensation fund limited to €20,000 per client. The cost is suboptimal trading conditions, which may impact on trading performance. All global clients will deal with First Prudential Markets LLC, an unregulated entity with the least client protection. This unit remains registered as an international business company (IBCs) with St. Vincent and the Grenadines Financial Services Authority (FSA), but brokers remain unregulated in that country. Traders should not confuse this setup, as all brokers out of St. Vincent and the Grenadines are unregulated. Clients must rely solely on the reputation of FP Markets, as no additional measures exist to ensure client protection. They are available and implemented by other brokers. The absence at FP Markets lowered the overall score, as only Australian traders have access to a well-regulated and highly competitive trading environment.

Founded in 2005, FP Markets is an experienced broker with a clean track record. Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe. The NDD execution model allows for conflict-free trade execution, and external financial audits exist, but FP Markets does not provide details about the auditor. Overall, FP Markets is a transparent and trustworthy broker, remaining one of the best out of Australia and highly competitive globally.
FP Markets delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot. Commodities, indices, and cryptocurrencies remain free of additional costs, which the mark-up includes. Equity CFDs and DMA traders face a fee of 0.10% with a minimum of $10 or a currency equivalent. The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers. Regrettably, FP Markets does not maintain a volume-based rebate program, like other competitive brokers with a commission-based cost structure.

Other costs traders must consider are swap rates on leveraged overnight positions. One of the benefits of trading Forex is leverage, which means borrowing funds from the broker to manage more significant trading positions. It incurs financing costs, known as swap rates, and the longer a trade remains open, the higher the fees. Third-party withdrawal charges may apply, but there is no inactivity fee at FP Markets.