FP Markets review

Deposit Methods

FP Markets provides a wide range of deposit options, making it convenient for traders worldwide to fund their accounts. The available deposit methods include:

• Credit/Debit Cards (Visa, Mastercard): Instant processing with no additional fees from FP Markets.
• Bank Wire Transfers: Depending on the bank, it may take 1-3 business days.
• E-Wallets (Neteller, Skrill, Fasapay, SticPay, Perfect Money, PayTrust, Dragonpay, and others): Instant processing time.
• Cryptocurrency Payments: Bitcoin and other cryptocurrencies are supported for deposits.
• Local Bank Transfers: Available in selected countries for faster deposits.
• Broker-to-Broker Transfers: Allows seamless transfers from other brokers.

Most deposit methods are free of charge, but traders should be aware that some third-party providers may impose their own fees. FP Markets supports multiple base currencies, reducing the need for currency conversion fees.

Withdrawal Methods

FP Markets provides several options for withdrawing funds, including:

• Credit/Debit Cards: Processing time of 1-5 business days.
• Bank Wire Transfers: Takes 1-5 business days, depending on the financial institution.
• E-Wallets: Instant or same-day processing for services like Neteller and Skrill.
• Cryptocurrency Withdrawals: Transactions are processed within 24 hours.

Withdrawals from FP Markets may incur fees depending on the payment method. For example, international bank transfers may have a withdrawal fee, whereas some e-wallets offer cost-free withdrawals. Traders should always check the broker’s withdrawal policy for the latest updates on fees and processing times.

Trading Fees

FP Markets operates on a competitive pricing model, with low spreads and transparent commissions. The broker offers two main types of pricing structures:

• Standard Account (MT4/MT5): Spreads start from 1.0 pips, with no commission.

• Raw Account (MT4/MT5): Spreads start from 0.0 pips, with a commission of $3 per side per lot.

For Iress traders, FP Markets offers:

• Standard Account: Minimum commission of $10 or 0.1% per trade.

• Platinum Account: Lower commission fees at 0.09% per trade.

• Premier Account: Even lower commission fees at 0.08% per trade.

Non-Trading Fees

While FP Markets offers competitive trading fees, traders should also consider non-trading fees, which include:

• Deposit Fees: Most deposit methods are free, but some third-party processors may charge fees.

• Withdrawal Fees: Bank wire withdrawals may have a fee depending on the region and method.

• Inactivity Fees: FP Markets does not currently charge inactivity fees, making it a good choice for occasional traders.

• Currency Conversion Fees: If traders deposit in a currency other than their account’s base currency, they may incur conversion costs.

Overall, FP Markets keeps its fee structure transparent, ensuring traders can manage their costs efficiently.

Educational Materials

FP Markets offers a variety of educational resources to help traders improve their skills and knowledge of the financial markets. These include:

• Trading Guides: Covering beginner, intermediate, and advanced topics, FP Markets’ guides provide valuable insights into forex, CFDs, and stock trading.
• Webinars and Seminars: Regularly conducted by experienced traders, these sessions offer live market analysis, trading strategies, and risk management techniques.
• Video Tutorials: Short, easy-to-follow videos covering platform tutorials, trading strategies, and market analysis.
• E-Books: Available for download, these e-books provide in-depth knowledge on forex and CFD trading.
• Glossary: A comprehensive trading glossary for understanding key terms and concepts.

Research and Analysis

FP Markets provides traders with a wealth of research tools to assist in making informed trading decisions. Some of the key features include:

• Daily Market Analysis: Covers forex, stocks, commodities, and indices with expert insights.
• Economic Calendar: Displays upcoming economic events that may impact market movements.
• Technical Analysis Reports: Helps traders identify trading opportunities through chart patterns and indicators.
• Fundamental Analysis Reports: Provides insights into market sentiment and macroeconomic trends.
• Trading Signals: Free trading signals for forex pairs, helping traders spot entry and exit points.

Demo Account

FP Markets offers a free demo account, allowing traders to practice trading with virtual funds. This is an excellent way for beginners to learn and for experienced traders to test strategies before entering the live markets.

FP Markets places a strong emphasis on providing excellent customer support to its traders. The broker offers multiple channels for assistance, ensuring traders can resolve their issues quickly and efficiently. Key customer support features include:

• 24/5 Availability: FP Markets provides customer support from Monday to Friday, covering trading hours across major global markets.

• Multiple Communication Channels:

  • Live Chat: Available on the website and trading platforms for instant assistance.

  • Email Support: Traders can contact support via email for detailed inquiries and technical support.

  • Phone Support: Localized phone support in different regions to help traders access help conveniently.

  • Social Media Presence: FP Markets maintains active engagement on social media platforms, responding to queries and providing market updates.

• Multilingual Support: FP Markets caters to a global audience by offering support in multiple languages, ensuring accessibility for traders worldwide.

• Dedicated Account Managers: Higher-tier account holders have access to personal account managers for more tailored assistance.

Overall, FP Markets has received positive feedback for its responsive and knowledgeable customer support team, ensuring traders receive timely assistance when needed.