FP Markets 2024 Review

What is FP Markets?

FP Markets is a popular and large Forex Broker that provide professional trading experience for quite long time since the broker was established in 2005 and ever since serve over 12,000 clients worldwide. One of the main strengths is that FP Markets uses ECN electronic bridges and enhances its proposal with powerful trading technology and tools provided, also constantly investing in its innovation so the latest trading technology is available to FP Markets traders.

The company has its headquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines. First of all, a good broker is a safe broker, and its proof of a safe trading environment is confirmed by necessary legislation, obligation and sharp regulations applied.

Moreover, FP Markets enlarged its proposal and opened several entities in strategic locations including a European Cyprus entity thus eligible for trading proposals within the European EEA zone. Also, FP Markets (PTY) Ltd is a Financial Services Provider authorized and regulated by the Financial Sector Conduct Authority in South Africa.

FP Markets Pros and Cons

We mark FP Markets as a well-regulated broker with good trading conditions suitable for beginners and experienced traders alike. The points to admit as great at FP Markets are low pricing, good trading proposal with a wide and comprehensive selection of platforms and ECN trading with excellent trading education. Besides, Broker is constantly growing and we see good development not only in the proposal but in its global coverage too. While before FP Markets was just an Australia-based broker, now it’s truly a global one, so traders from almost every country may open account with FP.

On the flip side Spreads for Stocks are higher, also some withdrawals add on commission, also it is worth checking the conditions under the entity of FP Markets you would trade since they are different. Lastly, Instruments are mainly based on CFDs and there is no real Investment in Stocks or Shares available, yet it is not a big Con since FP Markets specializes particularly as CFD trading provider.

FP Markets Features

As a CFD Trading provider FP Markets Features quite comprehensive trading proposal that caters to cover needs of various traders, despite size or experience level. In the table below we gather FP Markets Key Points to consider including Available Trading Platforms, Account Features, Instrument Range, Typical Fees, Support etc.

Who is FP Markets For?

Based on Our findings and Financial Expert Opinion FP Markets is suitable for a wide range of traders, making Broker suitable for the International Trading community of various levels, investment size or trading styles alike. With our Opinion, FP Markets is Good for:

• Beginning Traders
• Professional Traders
• Traders from Europe, Australia and Africa Regions
• ECN trading
• Commission based Trading
• Broker with good education
• Currency Trading and CFD Trading
• Traders who prefer MT4, MT5, cTrader or IRESS platform
• Copy Trading options with myfxbook
• MAM and PAMM Trading
• EAs running
• Suitable for a Variety of Trading Strategies

FP Markets Summary

Overall, we found Broker FP Markets as one of the most awarded CFD and FX trading providers with a good quality trading environment. FP Markets established direct access to markets through well maintained technology and provides a wide range of instruments to trade with competitive pricing and an excellent selection of trading platforms suitable for various styles. The proposal is indeed wide and covers the most demanding requests in terms of account selection, software or offered conditions, which we find very favorable.

So in our conclusion, FP Markets is suitable for traders of different size and expertise while FP Market is a reliable brokerage with an excellent reputation and regulations in place, making it a good option for long-term cooperation and for different types of investors.

55Brokers Professional Insights

Recognized for its robust trading environment and great selection of various trading software, FP Markets appeals to both new and seasoned traders. Trading Platforms offer great flexibility and choice among popular platforms like MT4, MT5 or more advanced cTrader and even IRESS for Direct Access to Trade Shares, which indeed only a few Brokers offer for now. High-frequency traders and scalpers would find Raw Account as perfect for its low-cost structure and available software, with spreads starting at 0.0 pips and competitive commissions. Good range of tradable instruments is another plus for those looking for portfolio diversification. 

For beginners we would strongly advise the Broker for the priceless educational materials FP Markets provides, the availability of Demo Account and Perfectly Organized community and Blog sections. The market analysis, seminars, webinars, video tutorials are of excellent quality, where market research is suitable for traders to improve trading knowledge and skills. 

Consider Trading with FP Markets If:

Avoid Trading with FP Markets If:

Regulation and Security Measures

Score – 4.5/5

FP Markets Regulatory Overview

FP Markets is an established Australian broker that complies operations according to the world-known Top-Tier regulation Australian Securities and Investments Commission (ASIC), learn more why trade with ASIC Brokers by the link.

Besides, FP Broker is growing its presence and there are several more entities including  Cyprus regulated and set according to CySEC regulatory obligations and compliant with MiFID European directive, and South Africa entity regulated by FSCA.See our check of license below:

How Safe is Trading with FP Markets?

The regulatory status is indeed the most important measure while choosing a Broker, as in simple words it means a client is treated fairly and safely according to international laws and requirements. So with FP Markets sign up as being regulated broker there are various safety measures applied. These include the segregation of traders’ funds from the company funds, while held in selected top-tier banks, such as National Australia Bank and the Commonwealth Bank of Australia with daily fund reconciliation and application of the standard covers under investment protection. 

However, different authorities apply adjusted regulation according to its legislation and particular laws, in a result may diverge from the entity or regulator or another. Likewise, FP markets Cyprus entity also applies negative balance protection to the client’s accounts, as well as participates retail accounts to the compensation scheme. But it is not the case for SVG entity. So always make sure to learn better under which entity you trade and what protection conditions and privacy policy applicable to you.

Consistency and Clarity

FP Markets has become known as an honest and open broker in the industry. Since its establishment in 2005, the broker has kept a solid financial position providing its customers a confirmed safe trading environment. As Top-grade regulators like ASIC and CySEC control FP Markets’ operations,  this ensures rigorous compliance with financial rules and transparency, besides FP Markets offering always stands clear and consistently improves. 

Throughout the history of operation, we haven’t seen any alerts or breaches of the regulation, making FP Markets a stable Broker as penalties may lead to loss of license or heavy fines also ruining the reputation of the Broker. Lastly, reviewing Real Traders Reviews and Comments we mainly find excellent marks and regards of Brokers operation, confirming its solid background and stability along the time.

Account Types and Benefits

Score – 4.6/5

Which Account Types Are Available with FP Markets?

FP Markets offers two account types Raw And Standard Accounts with STP and ECN execution models and access to deep liquidity pools accordingly available through MT4, MT5 or cTrader platforms. While the main difference is the pricing model where Standard account fees are built into spread basis, and Raw account add commission per trade typically more suitable for Pro Traders. 

• Also, there is a separate account for the platform IRESS account that covers the needs of those traders who prefer to use this particular software. At FP markets you can also find MAM and PAMM accounts, Islamic forex accounts suitable for swap-free trading available too. While FP Markets Copy trading is available on each of the accounts offered, overall making proposals quite favorable and diverse.

However, as we noticed along with some diversification between the proposals, there are differences between the pricing model that may take place as well, so be sure to check the most suitable one for your needs.

Regions Where FP Markets is Restricted

In fact, FP Markets does not provide services to clients in some countries due to regulatory restrictions, also important to note various FP Markets entities may offer different conditions or not be able to serve your trading account based on regulations alike. 

The following is a list of regions we found where FP Markets is restricted:

– United States

– Japan

– New Zealand

– Belgium

– Iraq

– Iran

– North Korea

– Syria

– Afghanistan

– Cuba

– Liberia

– Libya

– Myanmar

– Palestine

– Russian Federation

– Somalia

– Sudan

– Yemen

Cost Structure and Fees

Score – 4.5/5

FP Markets Brokerage Fees

For FP Markets fees, there are some specified conditions applied to pricing that occur in different account types. Raw account fees are based on commission and Standard on spread basis, while IRESS account charges are with a commission plus percentage from trade according to the instrument. Therefore, according to your trading style, day trading or scalping, and the volumes you trade, there is an option to select a suitable one, also we consider deposit and withdrawal fees to see the full fee picture.

• FP Markets Spreads

FP Markets spread is defined by the account type , thus the Standard account Spreads starting from 1 pip and the Raw Account proposes spreads from  0.0 pips. However, the Raw account charges a commission to every order, which is defined by the instrument and is 3$ for Forex instruments, 3.5$ for Metals and offers 0$ commission on commodities or cryptocurrencies. 

• FP Markets Commissions

FP Markets operates on a clear commission structure defined by  account type. While the Standard account usually does not have a commission but rather includes spreads starting from 1.0 pips, the broker charges $3 per side for each lot for its Raw account. The Raw account appeals especially to high-frequency traders because of its reduced spreads and clear pricing. FP Markets also offers traders rebate chances so they may recoup some of the expenses related to trading activity. Generally, the commission structure of FP Markets is competitive in the market, which qualifies for both consumers and professional traders seeking for reasonably priced trading options.

• FP Markets Rollover/Swaps

In addition to main fees, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held overnight (longer than a day) and is defined by the instrument. Moreover, there is an option for Muslim traders to trade through a Swap-Free account, which is suitable for followers of belief and tailored according to the strictest rules.

How Competitive Are FP Markets Fees?

FP Markets Spreads are ranked low/ average with overall rating 4.5 out of 5 based on our testing comparison to other brokers. We see Forex spread much lower than the industry average we test on over 500 Brokers marking 1.2 pips for EURUSD and is 1.1 pips at FP while Standard Account typical fees mentioned start at 1 pip. Yet we found fees for Stocks slightly higher than average. For instance, see below a comparison of the most traded instruments.

FP Markets Additional Fees

In addition to trading fees, FP Markets charges a few non-trading fees that traders should be aware of:

Withdrawal Fees

FP Markets does not charge fees for simple withdrawals using credit or debit cards as well as bank wire. Some alternative payment systems, including Neteller, Skrill, and cryptocurrency, do, however, have withdrawal fees:

• Neteller: 2.0% up to $30 plus country fees (if applicable) per $45,000 transaction
• Skrill: 1.0% plus country fees (if applicable) 
• Cryptocurrencies: Blockchain fees apply

Inactivity Fee

If an FP Markets account stays inactive for more than twelve months, a $50 inactivity charge could be assessed. An account is deemed inactive if the account holder has not made a trade or logged in during this period.

Currency Conversion Fee

A currency conversion fee will be imposed if the base currency of an FP Markets account differs from the currency denominated of the asset being traded. Although the conversion rate is competitive, overall trading expenses should take fee into account.

Account Fees

For its MT4 or MT5 accounts, FP Markets does not impose a monthly or annual account fee. The Iress platform charges a $55 monthly fee; this is removed should the account show at least $200 in monthly commissions or retain a balance of $50,000.

Trading Platforms and Tools

Score – 4.4/5

Another strong point we consider at FP Markets is a comprehensive choice between the platforms, thus powerful capabilities provided that is definitely a big plus. The choice between Proprietary software,  MT4, MT5 and IRESS platforms is notably excellent for direct access to trade Shares, as well MAM and PAMM accounts possibility available  for money managers.

Moreover, FP Markets is now offering TradingView and  cTrader, a leading multi-asset Forex and CFD trading platform popular among professional traders for its advanced charting, extensive order types, level II pricing, powerful trading tools and superior execution.

FP Markets Web Platform

Platforms available as a Web Trading platform and supporting other versions too. While MT4 and its newer version FP Markets MT5 platforms do not require an introduction, as platforms give a dynamic feature through detailed insights and one of the best in industry options for automated trading via EAs, so both can be accessible via Browser.

Main Insights from Testing

Sophisticated charting tools, several order types, and customized watchlists are notable features on FP Markets Web Platform. Novice and expert traders will find the well-designed and simple-to-use platform appropriate.

The FP Markets web platform is notably linked with TradingView, which offers access to a large spectrum of technical indicators and sketching tools. To properly control their risk, the platform also provides market orders, limit orders, and stop-loss orders, among other order forms. 

FP Markets Desktop MetaTrader 4 Platform

The FP Markets Desktop MetaTrader 4 (MT4) platform is a solid software  designed for both new and seasoned traders. Four main panels—Market Watch, Navigator, Terminal, and Charts—form part of its easily navigable interface. While the Navigator panel gives access to accounts and Expert Advisors for automatic trading, the Market Watch panel lets users follow their chosen instruments. 

With spreads generally less than industry averages, the platform showed outstanding execution speeds during testing—especially during high trading hours. Users can use more than 50 technical indicators and several charting tools for in-depth study. The system increases trading flexibility by supporting several orders, including market and pending ones.

FP Markets Desktop MetaTrader 5 Platform

FP Markets presents the strong MetaTrader 5 (MT5) platform for desktop trading that gives multi-asset traders a sophisticated and feature-rich experience. With 44 analytical charting tools, 21 timeframes, and 38+ pre-installed technical indicators among other tools and features, the MT5 platform is very remarkable.

The depth of market (DoM) view is particularly noteworthy since it helps traders grasp market liquidity. Along with other pending order forms, including sell stop limit and buy stop limit, the platform also features detachable charts and an integrated economic calendar.

Through one-click trading, automated trading supported by Expert Advisors (EAs), and trailing stops MT5 supports. Available on desktop computers both Windows and Mac as well as on mobile devices guarantees a flawless trading experience across platforms.

FP Markets MobileTrader App

FP Markets offers MetaTrader 4, MetaTrader 5 , cTrader and IRESS Mobile as Mobile trading platforms for both iOS and Android with trading alerts, push notifications and full control over your trading and account right from your mobile.

Main Insights from Testing

The FP Markets MobileTrader software offers a flawless mobile trading experience and  helps traders properly manage positions with strong charting features, over 50 technical indicators, and a wide spectrum of order types all remaining available on the go. For traders who must remain linked to the markets, the app’s quick execution and easy UI are invaluable tools.

Trading Instruments

Score – 4.5/5

What Can You Trade on FP Markets’s Platform?

Trading with FP Markets you may access a very wide range of instruments and trade 10,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Equity CFDs. FP Markets offers quite competitive spreads, enables access to more than 70+ forex pairs, and provides other assets as we will see below in our FP markets review.

Traders and investors also able to trade the Mexican Peso (MXN), Brazilian Real (BRL), and South African Rand (ZAR) against the US Dollar through the MT4 & MT5 Trading Platforms. The additional offering increases the total number of currency pairs available to trade at FP Markets.

Also, each instrument defines its trading conditions, proposing flexible leverage throughout account settings, and requiring specific margins that you may always check through the FP markets platform.

Main Insights from Exploring FP Markets’s Tradable Assets

FP Markets Instrument Score is high for very good trading instrument range covering popular Markets to trade and offering large number of instruments, yet proposal mainly consists of Forex and CFDs, Investments in Real Stocks not available, also the range is different based on entity.

Leverage Options at FP Markets

Leverage levels offered by FP Markets depend on the entity you open an account with, since Leverage is one of the first regulated parts by every authority worldwide, see some of our findings below.

Being an Australian broker, FP Markets complies with the ASIC and with other applicable regions’ regulatory legislation that applies set of rules which significantly lowered levered now too. Previously high leverage up to 1:500 was accessible, but for now, high leverage is available either by an International entity or if you’re proof to be a Professional Trader. 

See our finds on FP Markets Leverage below based on the entity you open an account with:

• European traders can use a maximum Leverage of 1:30
• South African traders can open positions on more than 70 forex pairs with spreads from 0 pips and a leverage amount up to 1:500
• International Traders up to 1:500

Deposit and Withdrawal Options

Score – 4.7/5

Deposit Options at FP Markets

As for the deposit options you may choose between the most common ones, also request a support team to advise what is the best option for you according to your residence.

• Bank wire transfer,
• Various e-wallets including Neteller and Skrill
• Credit Cards or Debit cards
• Virtual Pay (African Payment Method) that supports KES, UGX, and TSH currencies.

For fund transferring fees, FP Markets does not waive transfer fees for deposits via Bank Transfer and Broker to Broker, also FPM covers International fees up to 50$ for deposit greater than 10,000$, which is a good plus in our opinion. You may request to perform the transfer from other brokers in case you would like to transfer funds between the accounts and from other brokers.

Minimum Deposit

Minimum deposit amount for The Standard account is 100$ or equivalent, for Raw account minimum set also at 100$

Withdrawal Options at FP Markets

The FP Markets withdrawal fees are different from one option to another, some require no fees and another will add on a small markup as per policy applied, withdrawal options are wide including Wire transfers still most used among traders, e-wallets and cards.

How long does it take to withdraw money from FP Markets?

Typically FM Markets confirm and process the withdrawal request within 1-2 business days.

Customer Support and Responsiveness

Score – 4.4/5

Testing FP Markets’s Customer Support

Another good point in its client-oriented philosophy we found at FP Markets is a competent customer service which is available through various methods including Online Live Chat, Phone, emails, etc. Apart from the positive and high regard from the clients, FP Markets supports a range of languages, so you may count on quality help.

In addition, there are established centers in the Asia region, Europe and Australia so the time zones and accessibility are counted, this is why customer service is available  24/7.

Contacts FP Markets

Customers have various handy options to reach FP Markets. The broker provides a live chat tool on its website that lets customer service agents instantly assist with short questions. This is especially helpful for pressing problems needing quick response.

For individuals who would rather communicate directly, FP Markets offers phone support with assigned numbers for different areas so clients may reach out anywhere. 

Research and Education

Score – 4.6/5

Research Tools FP Markets

FP Markets provides great Research tools with comprehensive analysis suitable for beginning traders also supporting everyday trading, while Research features include market outlooks, news feeds, trading ideas, also including great ongoing tools like Trading Alerts and Signals. Additional Research tools like economic calendar, calculators, Technical and Fundamental analysis are some of the obvious tools that keep traders updated about forthcoming events that can influence the market’s movement. 

For the direct trading tools, various platforms enable extensive range of research tools like one-click trading, algorithmic rules, indicators, Autochartist and social trading functions that allow participation in the active trader community. Also, the MT5 and cTrader bring one of the best, extended inbuilt indicators and graphical objects via pending orders and displayed currency market depth. Additionally, FP Markets included various tools as available for free use including great quality and very useful Sentiment Trader, Trading HeatMap, Tick Chart, Correlation Matrix etc helping to maintain Professional research on markets from various perspectives.  

Education

In fact, those who have information obtain advance among others while trading, hence learning is an endless task, and the good news is that FP Markets supports personal efforts and provides excellent quality learning materials, various trading analysis tools and guides.

• FP Markets Trading Series presents three sections that help to become a better trader that is diverse to a different level of traders, through the established Traders Hub.
• There are numerous Trading Videos, Trading Info, Webinars, Events and Podcasts available via FP Markets Education

Is FP Markets a good broker for beginners?

Yes, FP Markets Broker is definitely a good choice for beginners in trading, there an excellent range of platforms, also educational materials, research and analysis are some of the best provided by the Brokers based on our research and FP Markets score.

Portfolio and Investment Opportunities

Score – 3/5

Investment Options FP Markets

For Investment Options and Opportunities at FP Markets is limited. The proposal is not designed for Investment Purposes, where FP Markets focus is CFDs trading provider, which differs from Investment Portfolio firms. 

Yet, Copy Trading and Social Trading is available at FP Markets that may be considered as an Investment Opportunity. Also, Multi Account Manager or MAM/ PAMM accounts are available for Investors and Followers. 

Account opening

Score – 5/5

How to open FP Markets Demo Account?

You can open a demo account with FP Markets before investing real funds, also have access for trading practice purposes in parallel with Live Trading Account. The default demo account balance provides $100,000 in virtual funds, while FP Markets does not impose a time limit on demo accounts making it an excellent option for both beginners and experienced traders to polish trading strategies.

To open Demo Trading follow these simple steps:

1. Visit the Website: Go to the FP Markets website and navigate to the Trading tab. Select “Forex Account Types” to choose your preferred demo account.
2. Register: Click on “Try a Free Demo” and fill out the registration form with your name, email, country of residence, phone number, preferred trading platform, desired password, account type, and base currency.
3. Download Platform: Download and install either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5), or cTrader trading platform based on your selection.
4. Access Your Account: You will receive an email with your demo account details after registration. Use these credentials to log in to the trading platform.

How to open FP Markets Live account?

To open a live account and Login FP Markets steps to follow are straightforward and easy to navigate, yet the account differences or approvals may differ based on the entity conditions.

For FP Markets Sign Up to Live Account follow: 

1. Visit the Website: Go to the FP Markets website and click on the “Register” button.
2. Fill Out the Registration Form: Provide your details, including your name, email address, country of residence, and phone number. Select your account type (individual or corporate) and preferred language.
3. Complete Additional Information: Enter your address, date of birth, occupation, and financial details. This information is necessary for compliance with KYC regulations.
4. Choose Account Preferences: Select your preferred trading platform (MT4 or MT5), account type (Standard or Raw), base currency, and leverage.
5. Submit Identification Documents: Upload required identification documents such as a passport or driver’s license and proof of address (utility bill or bank statement).
6. Verify Your Account: Once submitted, FP Markets will review your application. Verification typically takes up to one business day.
7. Fund Your Account: After verification, deposit funds using one of the available payment methods to start trading.

Additional Tools and Features

Score – 4.6/5

For its customers, FP Markets offers a range of extra tools and capabilities that improve the trading process and provide some unique experience FP Markets provides third party tools like Autochartist and Trading Central, Professional Copy Trading Services via Signal Start, etc. Besides, Broker run Active Traders community and rewards traders based on Trading Volume, also may provide access to premium tools and a personalized experience. Yet, availability of programs and features depends on the enity and may be available on a temporary basis so good to check available features at the current moment. 

Another good addition we found, is that FP Markets gives back to their clients by reimbursing VPS purchase. The client can sign-up to a chosen VPS provider trade a minimum of 10 lots on RAW FX and get a cash payment back into the trading account with a maximum of up to 50$ a month.

All things considered, FP Markets is a complete option for traders trying to maximize their trading techniques thanks to various  tools and features available, together with competitive spreads and a large array of instruments.

FP Markets Compared to Other Brokers

When comparing FP Markets to seven other brokers we review several parameters to evaluate and assess offerings and performance to get a better picture of competitiveness and find wether conditions are favorable or not. Here are the key parameters and insights:

1. Fees and Commissions

Fees are Comission at FP differ based on account offering, while Standard Account fees we find in line with Industry proposals alike. Yet, at Raw Account or commission basis account spreads are starting at 0.0 pip and commission charge is $3 per lot makingFP Markets very competitive for this account type. Although brokers like IC Markets and Pepperstone also provide low fees on commission account, FP Markets distinguishes itself also with no inactivity fees and low withdrawal costs.

2. Trading Platforms

FP Markets provides an excellent range of platforms to meet various trading tastes and suite wide range of best strategies. Platform including MetaTrader 4, MetaTrader 5, cTrader, TradingView and Proprietary Software along with social and Copy trading platforms. While other brokers like Pepperstone and Forex.com have strong interfaces for platform offering too, FP Markets stands out with IRESS as included option and also points out a range of tools accessible on free basis.

3. Asset Variety

FP offering is comprehensive with access to more than 10 thousands trading instruments to trade Forex and CFDs on equities, commodities, and cryptocurrencies. FP Markets . This is among very strong offering in industry, yet similar to brokers like eToro and Forex.com, which likewise support a broad spectrum of assets but might not exactly match FP Markets in terms of absolute volume.

4. Customer Support

Live chat, phone, and email support is provided  24/7 customer service from FP Markets. Although their help is usually receptive and informative enough, brokers like Pepperstone have been praised for their quality of customer service alike.

5. Regulation

ASIC, CySEC, and FSCA control FP Markets regulations, being  top-tier licenses guarantee traders high security level. This regulatory control is on par with that of other respectable, well-regulated brokers such as IC Markets  but might be less competitive if to compare quite Brokers like IG, Oanda or Forex.com with additional licenses in US

6. Educational Resources

FP Markets offers one of the best education resources we review with various courses, blogs, market analysis tools and trading resources, including webinars, seminars and range of high-quality tools. Rivals like eToro, provide less comprehensive learning materials for novice traders, yet AvaTrade and Peppersone education is of great quality too

7. Account Types

Commission-free and commission-based options are among the two main account models FP Markets provides, which cater to distinct various trading strategies and preferences. This adaptability matches what Vantage and Pepperstone provide too, although it might not be as thorough as some other Brokers with more specialized accounts.

Parameter	FP Markets	IC Markets	Pepperstone	eToro	Forex.com	OANDA	AvaTrade
Spread Based Account	From 1 pip	From 1 pip	Average 0.7	Average 1 pip	From 0.8 pips	From 0.8 pips	Average 0.9 pips
Commission Based Account	0.0 pips + $3	0.0 pips + $3.50	0.0 pips + $3.50	Available at US eToro Crypto	0.0 pips + $5	0.1 pips + $4	For Professional Account only
Fees Ranking	Low/ Average	Low/ Average	Low	Average	Average	Low	Low
Trading Platforms	MT4, MT5, cTrader, IRESS, Proprietary Platform	MT4, MT5,cTrader	MT4, MT5,cTrader, TradingView	Proprietary	MT4, MT5, Forex.com Platform	MT4, MT5, OandaTrade	MT4, MT5, AvatradeGO, AvaOptions, AvaSocial
Asset Variety	10,000+ instruments	1,000+ instruments	1,200+ instruments	2,000+ instruments	500+ instruments	500+ instruments	250+ instruments
Regulation	ASIC, CySEC,  FSCA, CMA	ASIC, CySEC	ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	FCA, CySEC, ASIC, FSAS, NFA for Crypto Exchange	FCA, NFA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA	FCA, CFTC, NFA, MAS, ASIC, IIROC, FFAJ	ASIC, MiFID, Bank of Ireland, JFSA, FSCA, CySEC, BVI FSC, FRSA, ISA
Customer Support	24/7 support	24/7 support	24/7 support	24/7 support	24/5 support	24/5 support	24/5 support
Educational Resources	Excellent	Good	Excellent	Good	Good	Good	Excellent
Minimum Deposit	$100	$200	$0	$200	$100	$0	$100

Full Review of Broker FP Markets

Established broker FP Markets has provided a strong trading environment since 2005 under the regulation of ASIC and CySEC. Having access to more than 10,000 financial instruments covering Forex, CFDs, Commodities, and Cryptocurrencies, FP Markets meets different trading tastes. The broker ensures traders may find the greatest match for their strategy by offering multiple platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView and proprietary Platforms.

There are competitive fees, no inactivity fees, and spreads on the Raw account start from 0.0 pips. Through expert advisors on MT4/ MT5 platform, FP Markets also enables algorithmic trading, high level APIs and algorithmic trading available at cTrader and IRESS platforms alike. Also Broker provides systems with  copy trading capability. Customer service via phone, email, live chat is accessible 24/7.

However, FP Markets lacks passive income options like interest on idle balances, which some competitors offer. FP Markets is a good option for both new and seasoned traders since it combines low-cost trading with an extensive range of tools and information.