FP Markets Review in Jan. 2024

Published on 23/01/2024
Fact checked 23/01/2024

TrustedBrokers Score

4.8 / 5
  • Markets
    5.0 / 5
  • Trading environment
    4.9 / 5
  • Deposits and withdrawals
    5.0 / 5
  • Investor protection
    4.0 / 5
  • Customer service
    5.0 / 5
Our take on FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.

Easily navigate this review:

5.0 / 5
Markets

Few brokers match the range and number of financial instruments available through FPMarkets.com. We particularly like the ability to trade Forex, gold and silver on flexible leverage up to 1:500. You can also trade over 1,000 stocks and ETFs.

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4.9 / 5
Trading environment

FP Markets is a true ECN broker with low spreads and superior execution on the MT4, MT5, TradingView and cTrader platforms. Its Raw account will appeal to day traders and scalpers, whereas its Standard account will appeal to beginners.

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5.0 / 5
Deposits and withdrawals

FP Markets deposits and withdrawals are free, easy and instant (if you pay by card or cryptocurrency). We also like the choice of currencies for your trading account.

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4.0 / 5
Investor protection

FP Markets is a broker you can trust, in business since 2005. All funds are placed in segregated accounts with reputable banks. You'll also enjoy negative balance protection. However, you won't be able to access a compensation fund should FP Markets go bankrupt.

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5.0 / 5
Customer service

Customer service is an area where FP Markets shines. Its representatives are knowledgeable and attentive. We've often been impressed by the quality of its customer service, available 24/7 in over 12 languages (by email, live chat, or a callback).

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Author

About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.