FP Markets
FP Markets Review
FP Markets is a forex broker that supports a range of currency pairs for trade. Furthermore, the broker offers a reliable customer support service which always works in the favor of building a reliable rapport in the business industry. Traders of all kinds can benefit from signing up with this broker.
| FP Markets | |
| Pros | Cons |
| Customizable and advanced MT4 and MT5 trading platform. | Limited choice of tradable assets. |
| Social Trading and Smart Trade Tools. | Trading conditions not same for all countries. |
| Iress Account Types and Forex Account Types | Scaling is not allowed. |
| Supports Islamic Banking/ Swap Free Accounts. | |
Introduction
Online trading is a great way of earning additional income. If you are lucky and interested, you can even make a stable career in this field. Of course, it takes time to become familiar with something new and you may need guidance in the early stages. However, once you become familiar with the basics of trading, you will be able to trade confidently and effectively without support. The best way of easing into the industry is to find a broker that accommodates new users. This means that the broker offers lower rates and provides extensive educational material to help the trader learn and trade without fear.
Things to Consider Before Signing up with a Broker
So, you need to sort through a large number of brokers before you narrow down your list to a potential few. You need to make sure that the broker that you sign up with is regulated and secure. You provide a lot of private information to the broker which requires a guarantee of confidentiality. Furthermore, the broker should offer a reliable customer support service that traders can rely on. Your queries need to be answered in minimal time. The customer service reliability of the broker has a remarkable effect on the ranking of the broker. You should make sure that the broker meets your list of expectations before you sign up with it.
Reviewing FP Markets
· Top Features
1. Trading Platform
The broker offers some of the most advanced trading platforms. You can enjoy trading with the MetaTrader4, MetaTrader5 as well as the Iress Trading Platform. You can benefit from a large variety of trade tools and educational materials with these platforms. The interface of all these platforms is advanced and user-friendly. You can have a seamless trading experience with the technologies of these trading platforms.
2. Deposit and Withdrawal Processes
The broker supports a variety of banking options to provide you quick and easy deposit and withdrawal procedures. The broker is compliant with the AML and KYC policies, therefore, you can withdraw funds only from the channel they were deposited in. The broker supports debit/credit cards, Bank Wire transfers, and e-wallets. No fee is charged on deposits but you may have to pay a small amount for withdrawals.
3. Customer Support
The customer support feature of this broker is available 24 hour hours a day, 5 days a week. It is available to access through various channels. You can contact them via their email address, phone number, and even on their social media accounts. The broker has an active social media presence so traders feel comfortable with sharing their issues with the broker.
· Account Types
Since this broker offers various trading platforms, the account types available for the MetaTrader platforms differ from the accounts available on the Iress platform. With the MetaTrader, you get two main account types that include the Standard Account and the Raw Account. The main difference between these accounts is that of spreads and commissions.
With the Iress platform, along with the mentioned two accounts, you get an additional account option of a Platinum Account. The minimum deposit rate for the Iress accounts starts from $1,000. You can access the Islamic Account/ Swap-Free account feature on all three of these accounts.
· Why You Should Consider Signing up with FP Markets
FP Markets offers some amazing features and services to traders. The broker accommodates the needs of different types of traders, novice and experienced, and offers services that meet their requirements. The broker allows trading of multiple assets at low-costs including forex, shares, commodities, indices, and CFDs.
You can also indulge in social trading through MyFXBook, where you can observe the profiles of other traders and copy their trades. You should put FP Markets on your list of potential brokers because the services offered by this broker can guarantee successful investments. If you are not sure if you like what this broker offers, you can always try out their demo account to test the features before deciding.
FAQs
1. Is FP Markets a reliable Forex broker?
Yes, FP Markets is a fully regulated and secure Forex broker that offers 60+ currency pairs for trade.
2. Does FP Markets allow hedging?
Yes, you can use hedging for trading with specific trade assets such as commodities.
Final Verdict
FP Markets is a forex broker that supports a range of currency pairs for trade. Furthermore, the broker offers a reliable customer support service which always works in the favor of building a reliable rapport in the business industry. Traders of all kinds can benefit from signing up with this broker.
