Introduction
If you’re looking for a reliable and reputable online broker, you may have come across FP Markets. But is it a legit broker? Does it accept USA traders? In this blog post, we’ll take a look at FP Markets and what it has to offer to its clients. We’ll also dispel any rumors about it being a scam broker, and we’ll let you know if USA traders are able to trade with them.
What is FP Markets?
FP Markets is a multi-asset broker offering trading in Forex, CFDs, and Spread Betting products on a range of underlying markets. The company is headquartered in Sydney, Australia and is regulated by the Australian Securities and Investment Commission (ASIC).
FP Markets has been in operation since 2005 and offers trading on a wide range of assets including major and minor currency pairs, precious metals, energy commodities, global stock indices, and individual shares from a number of countries including the United States.
The company offer clients the choice of two account types – Standard or ECN – and provides access to the MetaTrader 4 (MT4) trading platform as well as its own web-based platform, WebTrader.
Minimum deposit requirements differ depending on account type selected but start from just $100 for a Standard account and $500 for an ECN account. Leverage is also variable depending on account type but can be as high as 1:500.
Spread Betting accounts are only available to residents of the UK and Ireland.
History of FP Markets
FP Markets is a global CFD and Forex provider that offers trading in a huge range of financial instruments on its proprietary trading platform. The company is headquartered in Sydney, Australia and is regulated by the Australian Securities and Investments Commission (ASIC).
FP Markets was founded in 2005 by Peter Cruddas, who is also the current CEO. The company originally started out as an online foreign exchange provider but has since expanded its offerings to include CFDs on indices, commodities, shares, and cryptocurrencies. FP Markets is one of the few brokers that allow traders to scalp and trade on leverage of up to 500:1.
The broker provides two account types – a standard account and a professional account. The main difference between the two account types is that professional accounts are subject to higher minimum deposit requirements and offer access to exclusive features such as higher leverage and direct market access (DMA). FP Markets also offers an Islamic account which complies with Sharia law.
Deposits and withdrawals can be made using a variety of methods including credit/debit cards, bank wire transfer, e-wallets such as Skrill and Neteller, as well as UnionPay for Chinese clients. Trading can be done on the FP Markets desktop trading platform, web trader platform, or on mobile devices via the FP Markets app for Android and iOS.
Customer support is available 24/5 in multiple languages including English, French, German, Spanish, Portuguese, Russian, Arabic, Vietnamese,
The Different Types of Accounts Offered by FP Markets
If you’re looking for a reliable and reputable online broker, you may have come across FP Markets. In this article, we’ll take a look at what FP Markets has to offer and whether or not they’re a good choice for traders in the United States.
FP Markets is an Australian-based online broker that offers access to a wide range of markets, including forex, CFDs, indices, commodities, and shares. They are regulated by the Australian Securities and Investments Commission (ASIC) and offer their services to clients from all over the world, including the United States.
One of the main advantages of trading with FP Markets is that they offer competitive spreads on a large number of instruments. Their account types include Standard accounts with variable spreads from 1.0 pips, ECN accounts with raw spreads from 0.0 pips, and VIP accounts which offer even tighter spreads from 0.5 pips. All account types can be traded on the MetaTrader 4 or MetaTrader 5 platforms and mobile trading is also available.
Deposits and withdrawals can be made via credit/debit card, bank transfer, or e-wallets such as PayPal and Skrill. FP Markets does not charge any deposit or withdrawal fees and all transactions are processed quickly.
Overall, FP Markets is a reliable and well-rounded online broker that offers access to a wide range of markets atcompetitive rates. If you’re looking for a broker that accepts US
The Services and Products Offered by FP Markets
FP Markets is a multi-asset broker offering a range of tradable instruments across different asset classes, including forex, CFDs, and cryptocurrencies. The company offers its services through the MetaTrader 4 and MetaTrader 5 trading platforms, as well as through its own web-based platform, IRESS Trader.
In terms of forex trading, FP Markets provides access to a large number of currency pairs, including major, minor, and exotic pairs. The company also offers leverage of up to 500:1 on its forex products.
In terms of CFDs, FP Markets offers access to a wide range of products including indices, commodities, metals, energies, and shares. The company also offers leverage of up to 500:1 on its CFD products.
In terms of cryptocurrency trading, FP Markets currently offers access to seven digital currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), and Stellar (XLM). The company does not offer any leverage on its cryptocurrency products.
The Advantages and Disadvantages of FP Markets
When it comes to trading forex, there are a lot of different platforms that you can choose from. One of the more popular ones is FP Markets. But is FP Markets a legit platform or a scam? Does it accept USA traders?
Let’s take a look at the advantages and disadvantages of FP Markets to see if it’s right for you.
Advantages:
– Tradable Instruments: There are a lot of different instruments that you can trade on FP Markets including forex, CFDs, indices, metals, and more. So, whatever your trading style is, you should be able to find something that suits you.
– Customer Service: If you have any problems or questions while using FP Markets, their customer service team is always happy to help. They’re available 24/7 via live chat, email, or phone.
– Education Center: If you’re new to trading or just want to brush up on your skills, FP Markets has an extensive education center with videos, eBooks, webinars, and more. They also offer demo accounts so you can practice trading without risking any real money.
Disadvantages:
– No US Traders Allowed: Unfortunately, FP Markets does not accept any US traders due to regulations. So if you’re based in the US, you’ll need to find another platform to trade on.
Is FP Markets a Legit or Scam?
There are a lot of online brokerages out there, and it can be tough to know which ones are legit and which ones are scams. That’s why we’ve put together this review of FP Markets – to help you decide if they’re a good choice for your trading needs.
FP Markets is an Australian-based brokerage that offers CFD trading on a range of asset classes including forex, indices, commodities, shares, and more. They are regulated by the ASIC (Australian Securities and Investments Commission), one of the most respected financial regulators in the world. This means that they are held to high standards of conduct and must adhere to strict financial rules and regulations.
One thing to note is that FP Markets does not currently accept clients from the USA. This is due to regulatory reasons and is something that may change in the future.
In terms of fees, FP Markets charges a commission on trades, starting at $3 per lot traded. They also have a minimum deposit requirement of $100, which is average for the industry. Overall, we believe that FP Markets provides a solid service at a competitive price point.
So, is FP Markets legit? We believe so! They are a well-regulated brokerage with a good track record. If you’re looking for an online broker outside of the USA, then FP Markets could be a great option for you.
Does FP Markets Accept USA Traders?
Yes, FP Markets does accept USA traders. However, there are some restrictions in place for USA traders. For example, USA traders are not able to trade CFDs on FP Markets.
Conclusion
FP Markets is a legit online broker that offers a wide range of financial products and services to traders from all over the world, including the USA. The company is regulated by some of the most respected financial authorities in the industry, so you can rest assured that your money is safe with them. If you’re looking for an online broker that offers a great selection of tradable assets and excellent customer service, FP Markets is definitely worth checking out.