REVIEW AND COMPARISON STOCKMARKETEYE FULL
Otherwise, opening an account with the broker is relatively easy and straight-forward – you need to register, verify your account by providing proof of identity (a valid passport, driving license, or national ID card) and a proof of residence (a utility bill or bank statement showing your full name and address, and that is dated within the last six months). In other words, those who don’t have the skills or the time to trade themselves can use the services of established traders that provide managed account services against a certain fee.Īnd FP Markets promises investors using its MAM/PAMM solutions customizable trading conditions, automatic calculations, and real-time performance and commissions reports. For those of you who aren’t acquainted with this type of service, these modules allow fund managers to manage multiple accounts from a single account without having to create an investment fund. That said, the broker doesn’t charge admin fees for the first five nights of trading.įurthermore, the broker also provides MAM/ PAMM services. They won’t pay swaps or rollover, but some admin fees apply, whose amount varies, depending on the instrument traded (from $1 to $33). The latter fee will be waived if traders generate $150 in commission per month.Īnd traders who cannot pay or receive swaps or rollover interest on overnight positions due to religious reasons can register an Islamic account with FP Markets. For example, those who wish to use Iress Trader/ViewPoint, will be charged $55 per month. The use of this platform is generally costlier – the initial investment required is significantly higher, and besides, some extra fees apply. A major difference between these two accounts is that the Raw one offers ECN pricing.Īnd those who would rather trade in stocks with more sophisticated research tools on the Iress platform, have a choice of three account types – Standard, Platinum, and Premier. Both account types offer generous leverage of up to 1:500 and are accessible with an initial deposit of just AUD 100.
REVIEW AND COMPARISON STOCKMARKETEYE SOFTWARE
The account types at FP MARKETS are basically in two categories, based on the trading platforms available: MetaQuotes’ MT4 and MT5 or the broker’s proprietary software Iress.Ĭlients of FP Markets who prefer trading on MetaQuotes’ well-established platforms have a choice of two account types: Standard commission-free one, and Raw account which provides tighter spreads, but also involves a commission. * Leverage of 1:500 is only available to clients of the broker’s offshore entity. Trading Accounts & Assets Account typeįrom 0.0 pips + AUD $3.5 / lot (per side) We will also explain all the regulatory aspects of forex trading and what are the benefits of dealing with a broker licensed in Australia and Europe like FP Markets. In this thorough review of FP Markets, we will discuss in detail all parts of the broker’s offer: trading accounts, and platforms minimum deposit required, maximum leverage provided, spreads and commission fees, as well as other trading costs assets available for trade on the different platforms deposit and withdrawal methods, as well as the fees relating to them.
If you are into stocks trading, you will be delighted to know that FP markets offer more than 8000 shares, and you may find detailed information about all of them in their Share CFD Directory launched in October last year. The broker has a range of 10,000+ tradable instruments offering traders access to CFDs across Forex, Indices, Commodities, Stocks, and Cryptocurrencies. For the third consecutive year, FP Markets has been voted the “Best Global Value Forex Broker” at the Global Forex Awards 2021. Most recently, FP Markets was recognized as the ‘Best FX Broker Australia’ 2021 for a second consecutive year by FxScouts. Furthermore, the renowned ‘Investment Trends CFD Report’ has awarded FP Markets with the ‘Most Satisfied Traders’ in the industry for 5 years running. Over the years, they have won more than 40 industry awards, such as ‘Best Trade Execution’, ‘Best Customer Service’ and ‘Best Value for Money’. They have been operating for nearly 17 years now, providing clients with high-quality trading services, for which they have gained industry recognition and numerous awards. Saying that FP Markets is one of the best Australian brokers wouldn’t be an exaggeration.
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