Address: Exchange House, Level 5, 10 Bridge St, Sydney NSW 2000, Australia
Phones: +61 2 8252 6800
Our Overall Rating
FP Markets is a trusted brand that offers all kinds of services to its customers. It has been in business since 2005, which means that it has had plenty of chance to iron out any kinks in the trading experience and deliver you a top-quality service. More than 10,000 traders have also used it, so it has a critical mass of support behind it. In terms of compliance, it’s worth noting that this provider is regulated by the Australian Securities and Investments Commission – which ensures that an established regulator will protect you.
FP Markets follows the standard route when it comes to working out the commissions it charges to customers. It calculates a fee based on the spread, which is defined as the amount in between the sale price and the purchase price of the set-in question. In terms of one-off fees, this broker levies several fees: if you buy CFD shares, for example, you will be charged a fee. However, it also offers opportunities to save money elsewhere: unlike many brokers, there are no inactivity fees – and it also won’t cost money to withdraw cash from FP Markets, either.
Traders who are used to using the best products on the market will be pleased to see that the popular Meta Trader 4 platform is on offer here – and Meta Trader 5, the latest iteration of the service, is also offered. And there is also the home-grown IRESS platform to consider. This can be downloaded to devices running either of the two major computer operating systems, too, so it’s customisable. And the same level of versatility is offered for mobile trading too, with apps designed to work alongside both Apple devices and Android-powered ones on offer.
There are lots of customer service options available at FP Markets, so you will always be able to reach someone who can help. The service is available 24 hours per day, five days per week – so there’s someone on hand even if you’re trading a global market, such as the foreign exchange world. And it’s a multilingual service, too, so if English isn’t your first language, then there will still be some options for you.
Trading with FP Markets is a great idea if you’re looking for an established, regulated service that gives you the chance to trade many instruments – and to avoid some of the pesky fees levied by other brokers. And FP Markets goes one step further by offering the upgraded Meta Trader 5, so the quality of the trading platforms which it does offer far outshines those of many other brokers. In sum, this is a broker to consider if you’re in the market for trading services.
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