Regulatory Strength
FP Markets is governed by stringent regulatory standards, with oversight from two Tier-1 jurisdictions through the Australian Securities & Investment Commission (ASIC) and the MiFID in the European Union, as well as additional regulation from a Tier-2 and a Tier-4 jurisdiction, affirming its global compliance and investor protection measures.
A Glimpse into the FP Markets Advantage
- Competitive Forex and CFD Costs: FP Markets stands out for its low-cost trading on forex and CFDs, particularly when using the MetaTrader or cTrader platforms, where traders can benefit from tight spreads.
- Diverse Trading Instruments: The Iress platform suite provided by FP Markets offers an expansive selection of over 10,000 tradable symbols, catering to investors interested in a wide range of markets, including a substantial share trading platform.
- MetaTrader and cTrader Suites: The broker’s integration with popular trading platforms MetaTrader and cTrader is a significant advantage, offering a familiar and powerful trading environment with competitive spreads.
- Award-Winning Broker: Recognition in the industry with Best in Class awards for its MetaTrader offering and as one of the Best Zero Spread Forex Brokers of 2024 highlights FP Markets’ excellence in these areas.
- Regulatory Strength: With regulation in multiple jurisdictions, FP Markets demonstrates a commitment to adhering to the rigorous standards set by global financial authorities.
- Direct Market Access (DMA): For traders looking for transparency and depth, FP Markets’ share CFD offering on the Iress platform provides Direct Market Access, enhancing the trading experience with comprehensive market visibility.
Pros and Cons – Weighing the Advantages and Disadvantages
Pros
- Strong regulatory framework with Tier-1 jurisdiction oversight.
- Ultra-competitive spreads available on Raw ECN account.
- Best in Class honors for its MetaTrader offerings, indicating a robust trading platform.
- Extensive range of tradable instruments available on the Iress platform suite.
Cons
- Mobile app lacks the advanced functionality found in industry-leading apps.
- Educational content falls short of the depth provided by top competitors.
- Iress platform data fees can be costly for infrequent traders or those with modest balances.
- Social Trading options lack the sophisticated metrics of leading copy trading services.
FP Markets review Details
Platforms
Restricted Countries
Australia
Canada
Cyprus
Czech Republic
France
United States