Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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FP Markets reviews

6/10 (votes 2374)

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On-line since: 2005
Country of origin: Australia
Regulation: ASIC, CySEC
Payment options: wire transfer, credit cards, FasaPay, Neteller, PayPal
Minimum account size: $100
Minimum lot size: -
Leverage: 1:500
Spreads: from 0.0 pips

FP Markets is a regulated Australian broker established in 2005. The broker offers its clients to trade Forex CFDs, indexes, commodities, stocks, and cryptocurrencies. The company is praised for its price transparency, excellent support service, and quick order execution.

Trading conditions

The broker offers two types of trading accounts: Standard and Raw. The minimum deposit is $100. There is a demo account for novice traders where they can test their skills in a safe and simulated trading environment.

The leverage is 1:500 which is an average size for this industry. However, its ratio will be different depending on the instruments or the trading volume.

Clients can use expert advisors. Besides, on the broker`s website, traders can find the section containing the latest economic news, analytical reviews, and economic calendar. Nevertheless, there is no information on contests and bonus programs.

Trading platforms

The broker offers a wide choice of trading platforms: MetaTrader 4, MetaTrader 5, WebTrader, and IRESS.

Support Service

FP Markets provides its clients with round-the-clock customer support via phone or fax. On the website, the email address is specified as well. The company also has a live chat button on its website for those customers who need to get a quick response to some urgent problem. Traders can also contact their personal manager.

Deposit and withdrawal of funds

The company`s clients can deposit funds to the trading account via credit cards, wire transfer, as well as via FasaPay, Neteller, and PayPal.

Feedback

On the Internet, there are several positive reviews about cooperation with FP Markets. Plenty of them were left by novice traders. This is not a coincidence: the broker requires an affordable initial deposit, which attracts beginners. Clients note that they have no complains about funds withdrawal, and the support service is always prompt to help.

Advantages and disadvantages

Pros:

regulated and licensed broker
full-fledged trading platforms
demo account
low spreads
low initial deposit

Cons:

limited number of available ways to withdraw profit
uninformative website

Conclusion

Overall, FP Markets is an average broker that has a number of advantages: low spreads, affordable initial deposit, and user-friendly trading platforms. This is all information on this broker found on its website and the Internet. Take it into count if you want to cooperate with this broker.

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Comments about broker

Khloe trader

review FP Markets

16-08-22

I have been using FP Markets since March 2021, and I can gladly say this is one of the most dependable brokers I've ever worked with. At the beginning, I tried their demo account and notice that, very swift execution, great feed, and a steady server. Around 25 days later, I have one live account with $2000, until now I have placed more than 1000 trades, and I have no issues with them ever. On the spot fills and executions. Even have had orders executed during news publish time with excellent fills. I made a profit of around $2000 just in five months, and last week I withdrew $400 for the 4th time via Wire Transfer, which takes about 2 hours to be done. I have no regret with FP Markets.

Lyla trader

review FP Markets

05-11-21

FP Markets have an excellent and good platform to start with trading. I have been using the broker services for nearly one year, and it was satisfied. Earlier, I had so many losses and made slightly many improvements whenever necessary. I have made several deposits before via bank wire and still remember the first was $100. I made mistakes a few times and learned with the mentor while it took more than a half year before trading became more stable. I did pay very serious attention and implemented the method of profitability and effectiveness, and until now, I can earn $200 on average.

Hayatu trader

review FP Markets

15-09-21

FP Markets is terrible. I tried trading with them for a month but all of my trading activities failed because their platform kept crashing. Good thing I did not invest a huge amount of money. Or else, I would have lost everything.

Carney trader

review FP Markets

18-05-21

I've traded on FP Markets's platform and till now I can make an 80% profitable deal. As I've found their platform has hassle-free execution and profitable signals. All of my withdrawal requests were processed within four hours through Skrill. Really I am pleased with the FP Markets platform.

Paco Greco trader

review FP Markets

12-02-21

FP Markets is an awesome broker. They are regulated, that's what makes me trust them for my money. I have been trading with them for two years, and I'm still receiving excellent services. Their MT4 platform is always stable, spread stays low, and has a real price, fast order executions, and no slippage. The platform is user-friendly, it's easy to customize. Whenever I got into a problem during my trading, the support team always available and can fix my problem immediately. But so far, I never experience a significant or huge problem. So satisfied to trade with them. Trading cost is low, and they are always transparent about the fees. I used to withdraw my fund through Paypal, and I used to get money in a day, and it's always been easy without trouble. What an excellent broker, I will keep trading with FP Markets for sure.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

FP Markets reviews

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