In this FPMarkets Review, we are going to take a look at the offer that this broker prepared for its traders. FPMarkets is regulated by the CySEC in Cyprus and by the ASIC in Australia. FPMarkets operates on the financial market since 2005. When it comes to trading platforms, the broker features WebTrader and MetaTrader 4. The FPMarkets minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this FPMarkets Review
| Website address: | fpmarkets.com (.eu) |
| Operated by: | First Prudential Markets Ltd |
| Licensed and authorised by regulatory bodies: | CySec ASIC SVGFSA |
| Supported languages: | English, German, Spanish, French and Portuguese |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | support@fpmarkets.com, +61 (0)2 8252 6800 |
| Available deposit methods: | Bank transfer, VISA, MasterCard, BPAY, FasaPay, Neteller, Ngan Luong, PaySec, Poli, Skrill, Transfer from Existing Broker, UnionPay |
| Available withdrawal methods: | VISA, MasterCard, Neteller, Skrill |
| Minimum deposit: | 100 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,2 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (50), cryptocurrencies (5) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | WebTrader |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
| Social trading: |  |
FPMarkets Fees (typical spreads)
We have scanned fees (typical spreads) that FPMarkets charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| 1,5* | 1,2* | * | 1,4* | * | 1,2* |
*Typical spreads were recorded on 17.01.2020 at 21:27 for the standard account. FPMarkets spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: FidelisCM, UFX, Forex4You and Fox-Markets
Frequently Asked Questions
🧐 Is FPMarkets a Scam?
FPMarkets is a broker licensed and regulated by the CySec, ASIC and SVGFSA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FPMarkets is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the FPMarkets minimum deposit?
In order to start trading with FPMarkets, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods FPMarkets supports?
⚖️ Would you recommend me choosing FPMarkets?
We don’t have our own personal experience with FPMarkets. However, because the broker is regulated by the CySec, ASIC and SVGFSA, there is a high chance that it is not a scam. With that being said, it still does not mean that FPMarkets is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 06.09.2023 at 11:42 GMT.
