Broker Review | FP Markets

First Prudential Markets, popularly known by its tradename FP Markets, is an Australia-headquartered forex broker and was founded in 2005.

This broker offers a range of investment instruments with forex, stocks, indices, commodities, and cryptocurrencies. It is best known for offering forex ECN pricing.

FP Markets is licensed and regulated in multiple jurisdictions, including the United Kingdom, Australia, Cyprus, and Saint Vincent and the Grenadines.

Licenses and Regulations

Deposit

Withdrawal

Markets and Products

Trading Platform

FP Markets offers trading services on MetaTrader and IRESS platforms. IRESS is popular for offering stock CFDs and is only available to traders on the ASIC-regulator entity.

All trading platforms offered by FP Markets are:

• MetaTrader 4
• MetaTrader 5
• IRESS

Customer Service

Conclusion

Our overall experience with FP Markets was positive.

All the processes, from account opening to deposits and trading, went smooth. Though the withdrawal process takes two days, it is consistent.

The most impressive part with this broker is the ECN pricing and low spreads for forex and indices. The availability of many stock CFDs on IRESS is also a positive feature for traders.

However, we were disappointed with the multiple inaccurate answers by the FP Markets customer support executives. 

We recommend FP Markets for traders who are

• Forex traders
• FP markets is excellent for Australia-based stock CFDs traders
• Beginners in trading
• Experienced traders
• ECN traders
• Scalping or hedging traders
• EA trader

FP Markets might not be a fit for

• Trading Futures, Real Stocks or Index