What is FP Markets?
FP Markets is an Australian-based online forex and CFDs broker that offers trading services to retail and institutional clients. It is known for its competitive spreads and a wide range of trading instruments.
When Did It Start Operating?
FP Markets was established in 2005.
Where Is Its Headquarters?
The company is headquartered in Sydney, Australia.
In Which Countries Is It Restricted?
FP Markets may be restricted in certain countries, particularly those with stringent financial regulations, such as the United States. Always check their official website for the latest list of restricted regions.
Advantages:
- Regulation: FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a high level of security for traders.
- Low Spreads: Offers competitive spreads starting from 0.0 pips on specific account types.
- Wide Range of Instruments: Provides access to a variety of financial instruments across different asset classes.
- Multiple Trading Platforms: Offers both MetaTrader 4 and MetaTrader 5, catering to different trading styles.
Disadvantages:
- Limited Cryptocurrency Options: Fewer options for trading cryptocurrencies compared to some other brokers.
- Withdrawal Fees: Some withdrawal methods may incur fees.
- Geographical Restrictions: Some regions may not be able to access their services.
Which Instruments Can I Trade?
You can trade a diverse range of instruments, including:
- Forex pairs (major, minor, and exotic)
- Indices (such as the S&P 500 and FTSE 100)
- Commodities (like gold, silver, and oil)
- Stocks (shares from various international companies)
- CFDs on cryptocurrencies
What Is the Trading Fee?
FP Markets generally charges spreads, with competitive rates starting from 0.0 pips on specific accounts. Commission fees may apply for certain accounts, depending on the trading conditions.
Does It Allow Scalping?
Yes, FP Markets permits scalping, making it suitable for traders who prefer high-frequency trading strategies.
Is There a Trading Platform?
Yes, FP Markets offers the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which provide advanced charting tools and automated trading capabilities.
Is Margin Trading Available?
Yes, FP Markets offers margin trading with leverage options that can reach up to 1:500, depending on the account type and asset class.
