FP Markets Broker Review
If you’re looking for a broker that offers multi-asset trading with cTrader, then you’ve probably come across FP Markets. The company is a multi-asset broker that also offers a demo account. However, you may want to know about its fees and inactivity charges before you sign up.
FP Markets is a multi-asset broker
FP Markets has excellent customer service, with a dedicated team available to help you at all hours. It offers support in a variety of languages, including English, Chinese, and Spanish. In addition, the company offers a call-back option for clients who cannot access live help online. In addition, their FAQ section covers many common questions. Most traders will not require additional assistance, but if you have a pressing issue or need some assistance, you can always contact customer support via phone.
FP Markets has a wide variety of account types, including a commission-free Standard account. The company also offers a Raw Account with competitive spreads, starting at 0.10 pips on EUR/USD with a six-dollar round-turn commission. Moreover, FP Markets offers a complete range of trading tools, including Autochartist. You can also take advantage of FP Markets’ VPS service and MAM/PAMM accounts.
FP Markets uses a transparent ECN pricing model to ensure tight spreads. Moreover, it has institutional-grade liquidity, ensuring high speed of execution. Further, FP Markets uses fibre optic technology to connect with the NY4 Equinix server in New York.
In addition, FP Markets also offers a variety of ETFs. These funds track different types of investments, ranging from individual stocks to whole industries. Another option is the bond ETF, which tracks various fixed income securities. ETFs in this category enable traders to invest in corporate bonds and treasuries. Finally, commodities ETFs are another type of ETFs that can be used to diversify investment portfolios.
If you’re a beginner, FP Markets offers educational resources and auto-chartist. This automated trading software provides a more comprehensive trading experience. It includes advanced order placement, news alerts, customizable charts, and over 10,000 trading instruments. This multi-asset broker is available to all British traders with a 100-AUD minimum deposit.
It offers cTrader
FP Markets offers traders a variety of third-party platforms for trading, such as cTrader and MetaTrader. With thousands of plugins to choose from, traders can personalize and use the software wherever they go. MetaTrader, however, feels a bit outdated and lacks some features. MT5 is a better, more advanced platform that has a built-in news feed, economic calendar, and the ability to trade directly from charts.
FP Markets Pty Ltd is a regulated and licensed broker in Cyprus. Its license was issued by the CySEC, the Cyprus Securities and Exchange Commission. It is also a member of ASIC, an Australian financial regulatory agency. Its financials are audited by BDO Australia, and it holds funds with AAA-rated banks. This is an excellent choice for Australian traders.
FP Markets offers 60 forex pairs, major commodities, 11 equity indices, and five cryptocurrencies. It also offers a hybrid ECN/STP execution style, allowing clients to choose between a smoother spread and high speed. Its cTrader trading platform is easy to use and provides excellent charting and technical analysis tools.
FP Markets does not charge an inactivity fee for inactive traders. It also offers flexible terms and conditions for its clients. However, to avoid losing money, customers must trade for a sustained period of time. FP Markets’ customer support will contact inactive traders to ensure that their account remains active. If a client fails to do so, the broker may close their account or transfer the balance to another client.
FP Markets requires a minimum balance of at least 50,000 USD to open an account. The broker also waives IRESS Trader and platform fees. In addition to this, the broker also offers a variety of social and copy trading solutions. Its commission-based pricing environment allows traders to access a large number of international stocks.
It offers a demo account
A demo account can be a useful tool when you are just starting to learn the ropes of online trading. FP Markets offers a 30-day demo account, with options to use either MetaTrader 4 or Iress. It also gives you the opportunity to trade in a risk-free environment before you decide to invest real money.
A demo account offers an opportunity to explore a broker’s trading platform, and test different trading strategies. You’ll also be able to see the costs and fees involved. Demo accounts are also perfect for testing automated trading solutions before you take them live. Even developers use demo accounts to test their solutions and identify bugs before they are released to the public.
A demo account is an excellent tool for beginners who want to test the waters before investing their own money. Demo accounts can be very helpful in gaining experience, controlling fears, and determining your trading strengths. They’re also a great way to get to know a broker and how they work. The demo accounts also let you run through the sign-up process, explore resources, and chat with a broker if you have any questions.
FP Markets’ website offers a lot of information about the company and Forex trading. There are also FAQs and articles, and a trader’s blog. The training resources on this website are an invaluable source of information. In addition to learning about Forex trading, you can also learn about training and analytics.
FP Markets is a well-established and regulated forex broker based in Australia. It is a licensed broker under the Cyprus Securities and Exchange Commission and the Australian Securities and Investment Commission. The company also has an additional entity registered in Saint Vincent and the Grenadines. Whether you’re a beginner or a professional, FP Markets will help you get started with trading.
It charges inactivity fees
If you’re not using your account on a regular basis, you may have to pay the inactivity fees of your trading broker. These fees can occur as early as three months after you open an account, and can continue to be applied every thirty days after that. The policy for charging these fees differs from broker to broker, so it’s important to read it thoroughly before opening an account. Luckily, there are some excellent brokers that do not charge inactivity fees.
Some brokers charge inactivity fees for inactive traders, but FP Markets does not. These fees apply only to clients who haven’t traded in a month. Moreover, they have flexible terms and conditions. In order to avoid inactivity fees, you’ll need to buy or sell for an extended period of time. Once you’ve reached this point, FP Markets will contact you to discuss your options. If you continue to remain inactive, they may close your account and transfer the balance to another client.
FP Markets offers a variety of online trading platforms. There are different minimum deposit requirements for each platform. There are different payment methods to use, including credit card transactions. You may have to pay a small processing fee for each method. Nevertheless, if you want to add funds regularly, credit cards can be a viable option.
FP Markets’ fees are relatively low. Inactivity fees are usually built into the spread, and are usually less than 0.5 points. The average cost for a single lot is $3.00. Moreover, FP Markets does not charge inactivity fees for other withdrawal methods, including bank transfers and credit cards. It also offers a free Islamic demo account.
It offers a 30-day money-back guarantee
FP Markets is a broker that provides traders with three dedicated stockbroking accounts. Depending on the amount of money you wish to deposit, you can choose from a number of deposit methods. Some of the options are instant, while others require a minimum deposit of $1,000. FP Markets also allows scalping and is an ECN/STP broker, which means it can execute trades at the fastest speed and access the deepest liquidity providers.
The company is regulated by CySEC and ASIC, and has a reputation for having professional asset management. Their website is packed with useful information, including answers to frequently asked questions. It also has a trader’s blog and offers a variety of training resources. FP Markets is a good option for beginners and experienced traders alike.
FP Markets offers customer support in twelve languages. You can reach customer service representatives by e-mail, live chat, or phone. If you’re not satisfied with their response time, you can request a callback. Additionally, the FAQ section will answer most of your questions. Most traders won’t need additional assistance, but in the event of an emergency, you can always use the call-back option.
FP Markets has two main accounts: a Standard Account and a Raw Account. The Standard Account is commission-free, while the Raw Account has lower spreads. FP Markets also offers an IRESS account for professional traders. As a new comer, it’s a good idea to open a demo account and practice on it before switching to a live account.
FP Markets offers an IRESS account for Australian residents, but the IRESS service costs $55 monthly. Despite the fee, IRESS accounts have a low minimum deposit of $1,000. Their platform allows you to trade more than 50 forex currency pairs and exotic currencies. FP Markets also offers a free mobile and investor application.