FP Markets

FP Markets Broker Review

Australia’s most awarded CFD providers, First Prudential Markets (also known as FP Markets) was the first company to launch the Direct Market Access model. The DMA model aims to align both the client’s interests with the company by providing users with the best price and fastest execution possible on all of their CFD instruments. Also, they provide their clients with cutting-edge technology and competitively priced traded instruments.

Continually, FP Markets has proven that it’s leading company in providing competitively priced commission rates with honest pricing, an innovative, user-friendly platform, and excellent customer service.

Tradeable Assets

With FP Markets, it’s possible to trade CFDs across indices, forex, equity markets and more. For those who are looking to trade CFDs, the available options for trading include:

Forex CFDs

Since global foreign exchange markets trade 24 hours a day, and just stop on weekends, by trading forex CFDs, you can manage and control your investments when it best suits you. Account holders at FP Markets can trade forex CFDs with low margin rates, from as low as 1%.

Equity CFDs

By trading equity CFDs, it involves buying and selling CFDs on equities that are listed on a stock exchange. FP Markets clients have access to complete market depth, and they can take advantage of its complete market transparency.

Index CFDs

FP Markets provides access to a number of the world’s largest index products. This allows traders to open a position on an entire market instead of just a specific stock. It offers price feeds directly from leading global futures markets including NYSE LIFFE, the Sydney Futures Exchange, and Eurex. You can trade index products, like the Dow Jones, FTSE 100, S&P 500, and NASDAQ.

Account Types

Together with a standardised demo account, FP Markets has four different types of CFD trading accounts. Customers can tailor each of the accounts to their specific needs. These accounts are easily accessible online.

Preparation Account

The Preparation account was specifically created for beginners to CFD trading. It provides clients with an educational platform to operate within, as well as the option of lower leverage levels for limiting the risk that’s involved.

Professional Account

Customers who use the FP Markets Professional Account have access to competitive DMA margins and commission, thanks to this account that is designed to further a trader’s success.

Platinum Account

The Platinum Account offers low commission and financing rates. This account is ideal for those looking to take their CFD trading to the next level.

Premier Account

For the highest echelon of CFD traders only, the Premier Account has no platform fees and no minimum brokerage fees. But, the deposit is a lot bigger than the deposit for the other account options at FP Markets.

Type of Broker

FP Markets has pioneered the Direct Market Access model. The DMA model aims to align the interest of the company with that of their clients by offering the best execution and available pricing in Equities, Futures, or Forex.

Regulation

Since FP Markets is an Australian based financial services provider, it falls under the jurisdiction of the Australian Investments & Securities Commission (ASIC). The ASIC is a highly regarded regulatory body. It is accurate in its monitoring and supervising the Australian financial industry. In this regard, FP Markets’ clients can rest comfortably knowing that their legal interest is looked after by the oversight provided by ASIC.

Platforms

Clients at FP Markets can trade from multiple platforms which use a variety of CFD accounts tailored to accommodate the needs of all traders. The offered platforms include MetaTrader4, IRESS Trader, FP Online, and iPhone IRESS.

FP Markets Mobile Trading

Seeing that the popularity of mobile trading is growing,  FP Markets has it fit to extend their trading platform offerings to provide a mobile option to their clients. Both the MT4 and IRESS platforms are available for download at the Apple App Store and the Google Play Store. The mobile apps have the same capabilities as their desktop counterparts. However, they are optimized for use on Android and iOS devices.

Bonuses

At present, FP Markets currently offering 10% funding bonus, $100 initial deposit bonus on $200 funding. Furthermore, there is a “Refer a Friend” promotion where for each successful referral, you’ll earn an AUD$100 cash reward.

Deposit Options

There are multiple deposit and withdrawal methods at FP MARKETS: credit/debit card, bank wire, Neteller, China UnionPay, BPAY, and Skrill.

Depending on the depositing method, clients can use the following currencies: USD, AUD, GBP, EUR, SGD, CHF, CAD, HKD, NZD, and JPY.

Withdrawal Methods

To withdraw money from your FP Markets account, you need to fill out the withdrawal form with your bank account information.

Customer Support

The customer support service at FP Markets has four different methods of communication, email, telephone support, live chat, and social media. For international clients, FP Markets has also translated their website into several languages such as French, Italian, Spanish, Bahasa Melayu, Swedish, Chinese, Russian, Finish, Norwegian, Thai, German, and Portuguese.

Ease of Use

Since it has built its name on providing competitive and straightforward CFD trading options, FP Markets allows you to trade futures, shares, and forex. FP Markets provides a choice of platforms, outstanding support and the option to trade both shares and CFDs via its intuitive interface. There is also an extensive educational resource and a variety of research tools that can help you benefit the most out of your account.

Why Trade at FP Markets

First Prudential Markets is one of Australia’s first and most awarded CFD providers. At First Prudential Markets, they pride themselves on honest pricing, outstanding customer support, competitive commission rates, and industry-leading platform. The tight and transparent FX prices, comprehensive educational resources, seminars, webinars, and 24-hour support, allows FPM clients to trust that the interests of the company are aligned in everything they do.

To see how FP Markets ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.