FP Markets Review – Is FP Markets Scam or a Legit Crypto Broker?

FP Markets Review

Numerous brand-new forex and CFD brokers like FP Markets are constantly popping up online. When it comes to brokers that we may sign up with as traders, we are truly spoiled for choice. But we must always remember that quantity does not equate to excellence. This is particularly true in the area of internet trade.

Due to the sensitive nature of the financial matters at hand, we must begin by choosing the most competent broker. One of the most well-known CFD brokers in Australia and Asia, FP Markets, will be the subject of this review. Continue reading this FP Markets review to know further detail.

FP Markets Platform

At FP Markets, you may choose between two different versions of the MetaTrader trading platform: the older and more popular MetaTrader 4, and the newer and more advanced MetaTrader 5. Traders prefer these two platforms because of the abundance of built-in trading tools available on each.

For instance, the MQL 4 and MQL 5 programming languages are included with the MT4 and MT5, respectively. Trading systems like MT can be programmed in this robust language to automatically execute trades depending on the unique trading tactics of each trader.

FP Markets has given its clients access to both the MetaTrader and IRESS trading platforms. The trading of CFDs is perfectly suited for this platform, which serves as FP Markets’ flagship platform. The main characteristics of this strong platform include:

• Entry to international financial markets
• Utilising HTML 5 technology
• Complete charting solution
• Real-time price and news feeds
• Price Transparency

The MT4 platform-based mobile trading app from FP Markets is available for traders who must stay linked to the stock market wherever they are. The same robust features found in the desktop version are also present in this mobile app, which is designed for smartphones or tablets.

The mobile trading app provides access to a comprehensive charting package with countless customization options, 50+ technical indicators, and one-click trade.

FP Market offers its traders a variety of trading accounts to choose from based on the types of products traded. The two types of trading accounts available to forex traders are normal trading accounts and ECN accounts. Even though ECN accounts can offer zero-pip spreads, you’ll have to pay a commission of AUD$5 for 100,000 units traded.

There are three main account categories available for CFD trading: Professional, Platinum, and Premier accounts. The minimum deposit amount and the financing interest rate serve as the primary distinctions between the various types of CFD accounts.

You can choose between a non-leveraged CFD account and a regular Shares account while trading shares. The commission rate is the primary distinction between the two. The commission fee is 0.11% for the Shares account. The commission fee is lower for the non-leveraged CFD account at 0.08%.

Bonus from FP Markets

FP Markets offers three different sorts of incentives in this category: the “Refer a Friend” promotion, the 10% credit bonus, and the VPS refund. FP Markets will give you a $100 bonus for every referred trader who goes on to make a profit using the IRESS trading platform. Depending on how much the initial deposit is, referral bonuses for MetaTrader platforms might be anywhere between $50 and $300.

Trading on the MT4 platform is the only way to take advantage of the 10% credit bonus. Amounts between $200 and $50,000 can be deposited by traders to qualify for this bonus.

The maximum monthly reimbursement for MT4 traders who register for VPS service or trade a minimal volume of ten lots on the ordinary account or twenty lots on ECN account is $50.

Finance Options from FP Markets

FP Markets features several alternatives for funding and withdrawal.

• AstroPay
• Wire transfers to banks
• BPay
• China Union Pay
• Debit and credit cards
• Neteller
• Skrill
• Australian traders have the choice to move money from their accounts with other brokerages to their accounts at FP Markets.

Customer Service at FP Markets

At FP Markets, customer help is offered in multiple languages. It is accessible five days a week, around the clock. You have three options for getting in touch with customer service: live chat, email, or phone calls.

Conclusion

All these amazing features make this broker stand among the finest ones in the market. So get your hands on it as early as possible to make a successful trading career.