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FP Markets is an international broker that’s been around since 2005. While it seems to be very popular in India and Australia, the company works with thousands of traders from Europe and USA, too. The broker is known for its experience and reliability, and it also provides a variety of really interesting trading options. In this article, we offer a brief review of its conditions and explain why you should consider it a viable option for Forex trading.
Established in 2005, FP Markets is an Australian broker that offers its clients more than 10,000 various trading instruments. The variety is quite impressive — there are currency pairs, metals, securities, even cryptocurrencies. The broker is especially popular with Forex traders since the orders are executed almost instantly. Moreover, the spreads are pretty narrow, so even scalpers can successfully trade, but the indicators are still more suitable for medium-term strategies.
The company’s headquarters are located in Australia, but it also has an office in Saint Vincent and the Grenadines. FP Markets is heavily regulated by multiple organizations, including SVG FSA, the Australian Securities and Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). That means you can be confident that your investments are perfectly safe with this broker, and the regulators are always there to help.
Alright, let’s get to the most interesting part of this FP Markets review and discuss the trading conditions. The broker is known for its favorable terms for traders: you can start trading with just 100 AUD. However, the Australian dollar is the base currency of any FP Markets account, so prepare to pay a conversion fee if you want to withdraw USD or another currency. Spreads are extremely low (starting from 0.0 pips), and the leverage goes all the way to 1:500.
FP Markets allows you to invest in PAMM accounts and employ copy trading strategies, which is really great news for newbie traders. And if you want to trade yourself, there are many kinds of free instruments for technical and fundamental analysis. The broker also features many great educational materials: video lessons explaining the basics of Forex trading, some books about trading strategies, and a convenient glossary. We recommend that you start trading on a Demo account to avoid unnecessary losses.