FP MarketsFP MARKETS RATING -OVERALL SCORE {83.81%} (?)

 

FP Markets is an ECN/STP broker based in Australia, offering fair spreads, 60 Forex pairs, a wide range of CFD instruments, PAMM accounts, and auto-trading.

Deposit Requirements: 100 USD

Funding: Cards | Bank Wire | Neteller | Skrill | FasaPay

Platforms: MetaTrader-4 | MetaTrader-5| cTrader | MultiTerminal | WebTrader | Mobile Traders

Customer Support: English | Arabic | Spanish | Portuguese | Russian | Chinese

» FP Markets Real Account | » Demo Account

FP MARKETS RATING SUMMARY

The following table contains FP Markets's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • FP MARKETS FUNDS SAFETY
26.81%
  • FP MARKETS TRANSACTION COST
22.50%
  • FP MARKETS TRADING OPTIONS AVAILABLE
19.75%
  • FP MARKETS TECHNOLOGY
14.75.%
  • OVERALL RATING
83.81%
TRADING EXPERIENCE  
  • FP MARKETS FOR FOREX BEGINNERS
81.21%
  • FP MARKETS FOR ADVANCED FOREX TRADERS
75.92%
  • FP MARKETS FOR PROFESSIONAL FOREX TRADERS
73.43%
TRADING STYLE  
  • FP MARKETS FOR INTRADAY TRADERS
75.13%
  • FP MARKETS FOR SWING TRADERS (MID-TERM)
77.31%
  • FP MARKETS FOR CARRY TRADERS (LONG-TERM)
81.84%

FP MARKETS DETAILED RATING REVIEW

FP MARKETSFP MARKETS RATING ANALYSIS    
FP MARKETSFP MARKETS TOTAL RATING   100.0% FP Markets
      83.81% FULL ANALYSIS
A. FP MARKETSFP MARKETS  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 26.81% Rating the FP Markets Safety
A.1 FP Markets License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% FP Markets is regulated by the CySEC = 6.0% and ASIC= 8.0% | Total = 10.0% (max)
A.2 FP Markets Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 4.00% FP Markets offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating
A.3 FP Markets Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 4.00% FP Markets maintains headquarters in Sydney, Australia = 4.0%
A.4 FP Markets Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% FP Markets was found in 2005 (15+ years) = 5.0% rating
A.5 FP Markets Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% FP Markets provides client bank segregated accounts = 2.5%
A.6 FP Markets Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.31% FP Markets ForexPeaceArmy Rating is 3.1/5.0 | = Total rating is 0.31%
A.7 (+) FP Markets ADJUSTING RESULTS        
A.7.1 FP Markets Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 1.00% FP Markets handles more than 1 million trading accounts = 1% Rating
B. FP MARKETSFP MARKETS TRANSACTION COST MAX WEIGHT→ 28.0% 22.50% Rating the FP Markets Transaction Cost
B.1 FP Markets spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 3.50% Typical FP Markets EURUSD spread is 1.2 pip = 3.5% rating
B.2 FP Markets spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.50% Typical FP Markets GBPUSD spread is 1.6 pips = 2.5% rating
B.3 FP Markets spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 3.00% Typical FP Markets USDJPY spread is 1.46 pips = 3.0% rating
B.4 FP Markets Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% FP Markets does not charge trading commissions on the tested account type = 7.0%
B.5 FP Markets Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 1.50% FP Markets rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$6.07 | FP Markets rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$3.99 | Total cost in absolute value is $2.08, rating = 1.50%
B.6 FP Markets Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% FP Markets does not charge withdrawal commissions = 2.0% rating
B.7 FP Markets Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% FP Markets does not charge Inactive Fees  = 1.0% rating
B.8 (+) FP Markets ADJUSTING RESULTS        
B.8.1 FP Markets Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. FP MARKETSFP MARKETS TRADING OPTIONS MAX WEIGHT→ 28.0% 19.75% Rating the FP Markets Options for Traders
C.1 FP Markets Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% FP Markets Provides 40+ Forex Pairs = 8.0% rating
C.2 FP Markets CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% FP Markets offers a wide range of CFD trading products = 2.5% rating
C.3 FP Markets CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 0.00% No CFDs on Futures (at the time of the review) = 0.0% rating
C.4 FP Markets Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% FP Markets Provides a free Demo/Practice account = 2.0% rating
C.5 FP Markets Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 0.00% 30:1 max Trading Leverage = 1.0% rating
C.6 FP Markets Bonus/Rebate Promotions   5.0%    
C.6.1 FP Markets Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.00% No Welcome Bonus (Credit Bonus / Not Withdrawable) = 0% rating
C.6.2 FP Markets Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% FP Markets Offers no trade rebates = 0% rating
C.7 FP Markets Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is $100 = 2.0% rating
C.8 FP Markets Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% FP Markets offers 5+ deposit methods = 2.5% rating
C.9 FP Markets Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% FP Markets offers 5+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 0.00% FP Markets offers 4+ pips minimum stop-out order distance = 0.0% rating
C.11 (+) FP Markets ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 60 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 FP Markets Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.25% FP Markets offers a Weekly Trading Contest (from time to time) = +0.25% rating
D. FP MARKETSFP MARKETS TECHNOLOGY MAX WEIGHT→ 16.0% 14.75% Rating the FP Markets Technological Efficiency
D.1 FP Markets Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% FP Markets offers MT4, MT5, and cTrader = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% FP Markets is offering 'Trading-On-Charts' and Autochartist = 1.0% rating
D.3 FP Markets Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.25% FP Markets Slippage on execution is less than 1.5 pip = 0.25% rating
D.4 FP Markets Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% FP Markets allows automated trading = 2.0% rating
D.5 FP Markets MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% FP Markets offers the MT4 platform = 2.0% rating
D.6 FP Markets Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% FP Markets offers an MT4 App for iPhone and Android = 2.0% rating
D.7 FP Markets Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% FP Markets allows both Scalping and Hedging = 1.0% rating
D.8 FP Markets Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.00% FP Markets offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 3.0%
D.9 (+) FP Markets ADJUSTING RESULTS        
D.9.1 FP Markets PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% FP Markets is offering PAMM/MAM accounts = +0.5%
D.9.2 FP Markets Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% FP Markets is not offering a free VPS hosting service = +0.0%
D.9.3 FP Markets API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.00% FP Markets is not offering API trading = +0.0%
    TOTAL RATING 83.81%  

 

FP MARKETS LICENSES AND LEGAL INFORMATION

■ FP Markets is the trading name of First Prudential Markets Pty Ltd, based in Sydney, Australia

■ FP Markets is regulated by CySEC (Cyprus), Registration Number: 371/18

■ FP Markets is regulated by ASIC (Australia), Registration Number: 286354

■ FP Markets is a member of ICF and covers up to 20,000 EUR per client in case of corporate insolvency

 

 

 

 

■ FOREX RATINGS: ► IC MARKETS  | ► FXOPEN | ► FP MARKETS | ► FBS Group | ► AXI RATING

■ COMPARE: » BROKERS DIRECTORY | » AUTOMATED TRADING SYSTEMS

 

FP Markets Rating Review

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-1-. The maximum cumulative amount that can be earned is 20,000 USD/EUR per trading account.
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