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FP Markets Review
22-08-2022, 09:56 AM
Příspěvek: #1
FP Markets Review
FP Markets Review



FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 8,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.To get more news about FP Markets Pros & Cons, you can visit wikifx.com official website.

Forex and CFD traders will find a versatile, affordable MetaTrader offering at FP Markets, but without the research and educational content offered by industry leaders.
FP Markets is considered average-risk, with an overall Trust Score of 82 out of 99. FP Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.
Offering of investments
FP Markets’ MetaTrader offering is limited to roughly 130 tradeable symbols, whereas the Iress platform suite offers an extensive range of CFDs to global clients, including 8,884 shares, 61 forex pairs, four metals, 12 indices, five cryptocurrencies, and three commodities.

Cryptocurrency: Cryptocurrency trading is available at FP Markets through CFDs, but not available through trading the underlying asset (e.g. buying bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Commissions and fees
FP Markets offers highly competitive pricing through its MetaTrader offering, making it one of the most cost-competitive brokers available to traders globally – at least for its commission-based ECN account offering. The Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts.

MetaTrader Standard versus Raw ECN account: FP Markets’ Raw ECN account features competitive spreads – averaging 0.1 pips as of October 2021. Its Standard account is a pricier option due to its significantly higher spreads (averaging 1.2 pips as of October 2021 for the EUR/USD).

Iress ViewPoint Accounts (Australia): The FP Markets Iress platform suite offers three account options with varying minimum deposit requirements: Standard (AUD 1,000 minimum deposit), Platinum (AUD 25,000), and Premier (AUD 50,000). To avoid platform and data fees, you must either qualify for the Premier account or spend at least AUD 150 in commissions each month. Active traders and traders with high-balance accounts will find better deals at Saxo Bank and CMC Markets.

Iress Investor Account (Australia): For traders seeking a bare-bones, low-cost experience, FP Markets also offers its Iress Investor trading platform. Monthly fees are waived for this less expensive account option, but with the reduced price come some platform limitations. There is no streaming data by default (click to refresh quotes), and the charting package is far more limited than its ViewPoint platform counterpart. My take: if you can’t afford the ViewPoint account, then pass on Iress Investor.
Mobile trading apps
FP Markets delivers a good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, Metatrader 4 and Metatrader 5 are available as reliable data-nameernatives.

Apps overview: FP Markets offers three mobile trading apps: the popular MetaTrader platform suite developed by MetaQuotes software corporation, the Iress trading platform, as well as its proprietary FP Markets mobile software.

Ease of use: As Iress is mostly optimized for share trading – not forex – I focused on FP Markets' MetaTrader offering and the FX Markets proprietary app for this review.

Charting: FP Markets’ mobile app offers rudimentary charting, with no drawing tools and no indicators. That being said, traders at FP Markets also have access to the impressive charting tools that come standard with the MetaTrader suite of platforms.

Trading tools: FP Markets mobile app lacks any substantial trading tools. There is a favorites watchlist, and several other predefined asset class lists – but that’s it. You won’t find any integrated research or streaming news headlines.
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