FP Markets
Disclaimer: This information should not be distributed or used in any country where it would violate local laws or regulations.
Pros and Cons
- Low spreads and commissions
- Regulated by top-tier authorities
- Wide range of trading instruments
- Excellent customer support
- Advanced trading platforms
- Free deposit and withdrawal options
- Educational resources and webinars
- Inactivity fee
- Limited cryptocurrencies
- No proprietary trading platform
Introduction to FP Markets
FP Markets has grown to become a significant player in the online trading industry, offering a wide array of financial instruments, from forex to commodities, indices, and even cryptocurrencies.
With its roots firmly planted in Australia and backed by years of experience, FP Markets stands out as a broker that prioritizes client satisfaction, transparency, and advanced trading technology.
For traders in Africa, FP Markets presents a compelling choice, with tailored features that accommodate both beginner and seasoned investors.
This review delves into FP Markets’ offerings, from its account types and platforms to its regulatory framework and trading conditions, with a specific focus on how these features serve African traders.
In an industry where trust and reliability are paramount, FP Markets has established a reputable standing by adhering to rigorous regulatory standards and ensuring the safety of client funds.
This review aims to provide African traders with a comprehensive understanding of what FP Markets offers and how it compares to other brokers in the market.
Whether you are new to trading or an experienced trader looking for a new broker, FP Markets offers tools, flexibility, and an approach that resonates with the diverse needs of the African trading community.
Visit FP Markets Official WebsiteRegulation and Security
One of the foundational pillars of a reliable broker is its regulatory oversight.
FP Markets operates under the guidance of the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
These bodies ensure that FP Markets adheres to global standards of transparency, fund protection, and ethical practices.
For African traders, trading with a regulated broker like FP Markets means assurance that their funds are secure and that the broker operates within a framework of strict regulatory compliance.
Additionally, FP Markets segregates client funds in top-tier banks, ensuring they are protected from company liabilities.
Account Types and Features
FP Markets offers account types tailored to different trading styles and levels of experience, catering to both beginners and advanced traders.
The broker offers a Standard Account and a Raw Account, each providing unique features and pricing structures.
Standard Account
The Standard Account is commission-free and offers spreads starting from 1.0 pip.
Designed with simplicity in mind, this account type is ideal for beginner traders who want to avoid paying commissions.
The minimum deposit requirement for the Standard Account is low, making it accessible to traders with smaller capital.
Raw Account
Targeted at professional and experienced traders, the Raw Account offers highly competitive spreads starting from 0.0 pips.
Although this account charges a commission per trade, it allows traders to benefit from lower spreads, which can be advantageous for high-frequency and high-volume traders.
The Raw Account is well-suited to scalpers and traders who prioritize low-cost trading.
Both account types come with the option of opening an Islamic Account for traders adhering to Shariah law, where no swap fees are applied on overnight positions.
This feature demonstrates FP Markets’ commitment to serving diverse trading communities, including African traders who require swap-free accounts.
Open a Free Account with FP MarketsTrading Platforms
FP Markets offers an impressive array of trading platforms to suit different types of traders.
These platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS.
Each platform is equipped with advanced features, allowing users to trade efficiently, whether they are focused on forex, equities, or other CFDs.
- MetaTrader 4 (MT4): Known for its user-friendly interface, MT4 is widely used by forex traders due to its charting capabilities and automated trading support through Expert Advisors.
- MetaTrader 5 (MT5): The upgraded version of MT4, offering additional timeframes, technical indicators, and enhanced order types, suitable for traders seeking more analytical tools.
- IRESS: FP Markets’ IRESS platform is designed for direct market access trading. Ideal for stock and futures trading, IRESS provides in-depth market data, advanced charting tools, and is particularly useful for traders focusing on equities.
Markets and Instruments
FP Markets’ expansive range of financial instruments includes forex, indices, commodities, shares, and cryptocurrencies, allowing traders to diversify their portfolios.
This variety ensures that African traders can engage in multiple markets, managing risk across various asset classes.
Spreads, Commissions, and Fees
FP Markets offers a pricing structure that is competitive in the industry, with particularly low spreads for its Raw Account holders.
The Standard Account provides commission-free trading, while the Raw Account, aimed at professional traders, charges a small commission but offers near-zero spreads on major forex pairs.
This structure is attractive to African traders who prioritize low-cost trading and wish to keep trading expenses minimal.
Deposit and Withdrawal Methods
FP Markets provides a variety of deposit and withdrawal options, ensuring convenience for African clients.
Methods include traditional bank transfers, credit and debit cards, and popular e-wallets like Skrill and Neteller.
This variety allows traders to fund their accounts and withdraw profits with ease.
| Payment Method | Deposit Time | Withdrawal Time | Fees |
|---|---|---|---|
| Bank Transfer | 1-2 Business Days | 2-3 Business Days | Varies by Bank |
| Credit/Debit Card | Instant | 1-2 Business Days | None |
| Neteller | Instant | 1-2 Business Days | None |
| Skrill | Instant | 1-2 Business Days | None |
Customer Support and Educational Resources
FP Markets offers multilingual customer support available via live chat, phone, and email, ensuring African traders can receive assistance in real-time.
The broker also provides an extensive range of educational materials, including webinars, trading courses, eBooks, and daily market analysis.
These resources empower traders to develop their skills and make informed trading decisions.
Mobile Trading Experience
FP Markets’ mobile trading options allow traders to stay connected and manage their trades on the go.
With mobile versions of MT4 and MT5, traders can enjoy full functionality, including live charts, market analysis, and order execution, directly from their mobile devices.
This flexibility is essential for African traders who require access to trading platforms from various locations.
User Experience and Interface
FP Markets’ platform interface is designed to be intuitive, user-friendly, and accessible, making it easy for traders of all experience levels to navigate.
The platform’s sleek design and organized layout ensure a seamless trading experience, whether accessed via desktop, tablet, or mobile.
Risk Management Tools and Features
FP Markets provides traders with a range of risk management tools to help protect their investments and manage market volatility effectively.
With a combination of stop-loss and take-profit orders, FP Markets enables traders to set automatic limits on losses and lock in profits at pre-defined levels, essential for any trader looking to manage risk proactively.
- Stop-Loss Orders: These orders allow traders to limit potential losses by automatically closing a trade when it reaches a pre-set price level. This feature is particularly useful in fast-moving markets where prices can fluctuate rapidly.
- Take-Profit Orders: To help secure profits, take-profit orders automatically close trades when they hit a certain profit level, allowing traders to capitalize on favorable market movements without constant monitoring.
- Negative Balance Protection: FP Markets ensures that traders cannot lose more than their account balance, an important safeguard against extreme market movements that could otherwise lead to significant losses.
Partner and Affiliate Programs
FP Markets offers various partnership programs, including an affiliate program and an Introducing Broker (IB) program, designed to provide additional income opportunities for traders and industry professionals.
Affiliate Program
The affiliate program at FP Markets rewards affiliates for referring new traders to the platform.
Affiliates earn a commission based on the trading volume of their referrals, making it a lucrative opportunity for marketers, website owners, and social media influencers within the financial sector.
The program offers flexible commission structures, marketing support, and dedicated account managers.
Introducing Broker (IB) Program
The IB program allows individuals and companies to earn commissions by introducing clients to FP Markets.
This program is ideal for those with a network of traders or clients interested in online trading.
IB partners receive commissions based on the trading activity of their referrals and can benefit from FP Markets’ comprehensive support resources, including marketing materials and training.
Educational Resources for African Traders
FP Markets recognizes the importance of education for traders, especially those new to the financial markets.
The broker provides a comprehensive range of educational resources tailored to varying levels of trading experience, ensuring that African traders have access to valuable insights and learning materials.
Webinars and Online Training
FP Markets hosts regular webinars covering topics like forex basics, technical analysis, risk management, and advanced trading strategies.
These webinars are conducted by experienced professionals and are an excellent resource for both novice and seasoned traders.
Trading Courses
For those looking to deepen their knowledge, FP Markets offers structured trading courses that cover a wide array of topics.
These courses are designed to help traders develop a solid foundation in trading, focusing on areas such as chart analysis, trend identification, and trading psychology.
Daily Market Analysis
FP Markets provides daily market analysis to keep traders informed of current market conditions and trends.
This analysis includes updates on key economic indicators, currency movements, and geopolitical factors that may impact the markets, providing African traders with insights to make informed trading decisions.
FP Markets Mobile Trading Experience
In today’s fast-paced world, mobile trading has become essential, allowing traders to monitor and manage their portfolios on the go.
FP Markets offers mobile trading options through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) mobile applications, both compatible with iOS and Android devices.
The mobile platforms maintain the functionality of the desktop versions, providing features such as live price updates, charting tools, and one-click trading.
These mobile apps are ideal for African traders who may need flexibility in managing their trades from different locations, ensuring they never miss an opportunity to capitalize on market movements.
Conclusion and Final Thoughts
FP Markets offers a comprehensive trading experience, combining advanced technology, a robust regulatory framework, and a broad range of assets, making it a favorable choice for traders across Africa.
With user-friendly platforms like MT4, MT5, and IRESS, as well as competitive pricing and excellent educational resources, FP Markets stands out as a broker committed to empowering its clients.
The broker’s focus on regulation and security, alongside its extensive support and educational resources, makes FP Markets particularly appealing for traders in Africa.
The flexibility offered by its account types, payment methods, and risk management tools ensures that FP Markets caters to a wide range of trading needs, from novice to professional traders.
African traders looking for a trusted and versatile broker will find FP Markets to be a strong contender in the competitive landscape of online trading.
In conclusion, FP Markets’ commitment to client satisfaction, security, and ongoing education positions it as a top choice for African traders.
The broker’s transparent trading environment, low-cost structure, and extensive asset offerings make it an ideal partner for those looking to build a sustainable trading career.
For traders across Africa, FP Markets presents an opportunity to access global markets with a broker that understands and meets the diverse needs of its clients.
Start Your Trading Journey with FP MarketsFP Markets Comparison Table
This table provides a comprehensive comparison of FP Markets with other leading brokers, focusing on key aspects such as demo account availability, minimum deposit requirements, regulatory bodies, trading platforms, leverage options, and payment methods.
| Broker | Demo Account | Minimum Deposit | Regulators | Platforms | Leverage | Payment Methods | Visit |
|---|---|---|---|---|---|---|---|
| FP Markets | Yes | $100 | ASIC, CySEC | MT4, MT5, Iress | 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill | Visit FP Markets |
| IC Markets | Yes | $200 | ASIC, CySEC, FSA | MT4, MT5, cTrader | 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill | Visit IC Markets |
| Pepperstone | Yes | $0 | FCA, ASIC, CySEC | MT4, MT5, cTrader | 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill | Visit Pepperstone |
| Vantage | Yes | $50 | FCA, ASIC, VFSC | MT4, MT5 | 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill | Visit Vantage |
| XTB | Yes | $0 | FCA, CySEC, KNF | xStation 5, MT4 | 1:500 | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill | Visit XTB |
| eToro | Yes | $200 | FCA, CySEC, ASIC | eToro Platform | 1:30 | Bank Transfer, Credit/Debit Card, PayPal, Neteller, Skrill | Visit eToro |
| RoboForex | Yes | $10 | IFSC | MT4, MT5, cTrader, R Trader | 1:2000 | Bank Transfer, Credit/Debit Card, Neteller, Skrill, Bitcoin | Visit RoboForex |
| JustMarkets | Yes | $1 | FSA | MT4, MT5 | 1:3000 | Bank Transfer, Credit/Debit Card, Neteller, Skrill, Bitcoin | Visit JustMarkets |
| Exness | Yes | $1 | FCA, CySEC | MT4, MT5 | 1:2000 | Bank Transfer, Credit/Debit Card, Neteller, Skrill, Bitcoin | Visit Exness |
FP Markets Trading Instruments Comparison
This table compares the trading instruments available at FP Markets with other popular brokers, covering CFDs, forex, stocks, commodities, cryptocurrencies, metals, and ETFs to provide a thorough view of available options.
| Broker | CFD | Forex | Stocks | Commodities | Crypto | Metals | ETFs |
|---|---|---|---|---|---|---|---|
| FP Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| IC Markets | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| XTB | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro | Yes | Yes | Yes | Yes | Yes | No | Yes |
| JustMarkets | Yes | Yes | No | Yes | Yes | Yes | No |
| FBS | Yes | Yes | No | Yes | Yes | Yes | No |
| Exness | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Pepperstone | Yes | Yes | Yes | Yes | Yes | Yes | No |
User Reviews and Opinions
Frequently Asked Questions
Is FP Markets regulated?
Yes, FP Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).
What is the minimum deposit for FP Markets?
The minimum deposit for FP Markets is $100.
Does FP Markets offer a demo account?
Yes, FP Markets offers a demo account for traders to practice and familiarize themselves with the platform.
What are the available base currencies for FP Markets accounts?
The available base currencies for FP Markets accounts are USD, EUR, AUD, GBP, SGD, CAD, JPY, NZD, and HKD.
Does FP Markets charge deposit or withdrawal fees?
No, FP Markets does not charge any deposit or withdrawal fees.
What types of trading platforms does FP Markets offer?
FP Markets offers MetaTrader 4, MetaTrader 5, and WebTrader platforms.
Is scalping allowed with FP Markets?
Yes, scalping is allowed with FP Markets.
Does FP Markets provide educational resources?
Yes, FP Markets provides a range of educational resources including webinars, tutorials, and articles.
What are the customer support options for FP Markets?
FP Markets offers customer support through live chat, mail, phone call, FAQ, in person, social media, in-app support, and support tickets.
Are there any promotions or bonuses available at FP Markets?
Yes, FP Markets offers a welcome bonus.
Resources
- FP Markets Official Website
- FP Markets on Facebook
- FP Markets on Twitter
- FP Markets on LinkedIn
- FP Markets on Instagram
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: April 29, 2025