fpmarkets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://72614708.89650.top:8967/index/index/index/token/e1a49c77dd53c7a1efadfd9801811b1b.html, about the company's legal and temporary regulatory information, the company's address .
fpmarkets Forex Broker
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China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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FP Markets Forex Broker - Comprehensive Information Guide
1. Broker Overview
FP Markets, officially known as First Prudential Markets, was established in 2005. The broker is headquartered in Sydney, Australia, with additional offices in various regions, including Cyprus, South Africa, and St. Vincent and the Grenadines. FP Markets operates as a private company and is not publicly traded.
The broker primarily serves retail and institutional clients across global markets, providing access to a wide range of financial instruments. Over the years, FP Markets has developed a strong reputation in the trading community, marked by significant milestones such as the introduction of advanced trading platforms and the expansion of its product offerings.
FP Markets has evolved from a local Australian broker into a global entity, recognized for its commitment to providing quality trading services. The company's business model focuses on retail forex and CFD trading, catering to both novice and experienced traders. The broker's emphasis on transparency, competitive pricing, and robust customer support has solidified its position as a preferred choice among traders worldwide.
2. Regulatory and Compliance Information
FP Markets is regulated by several reputable authorities, ensuring a high level of compliance and investor protection. The primary regulators include:
- Australian Securities and Investments Commission (ASIC) - License Number: 286354
- Cyprus Securities and Exchange Commission (CySEC) - License Number: 371/18
- Financial Sector Conduct Authority (FSCA) in South Africa - License Number: 50926
- Financial Services Authority (FSA) in Seychelles - License Number: SD 130
- Financial Services Commission (FSC) in Mauritius - License Number: GB 21026264
- Capital Markets Authority (CMA) in Kenya - License Number: 103
FP Markets adheres to strict regulations, which include maintaining client funds in segregated accounts to ensure their safety. Additionally, the broker participates in investor compensation schemes, particularly for clients under the ASIC and CySEC jurisdictions, providing further security for traders.
The broker complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all clients undergo identity verification processes to maintain a secure trading environment.
3. Trading Products and Services
FP Markets offers an extensive range of trading products, providing access to over 10,000 tradable symbols. The broker specializes in various asset classes, including:
- Forex: Over 70 currency pairs, including major, minor, and exotic pairs.
- CFDs: A diverse range of instruments, including indices, commodities, stocks, ETFs, and cryptocurrencies.
- Cryptocurrency CFDs: Trading options for major cryptocurrencies, although availability may vary by region.
The broker frequently updates its product offerings, ensuring traders have access to the latest market opportunities. FP Markets focuses on retail trading services, catering to individual traders, while also providing options for institutional clients.
4. Trading Platforms and Technology
FP Markets supports various trading platforms to accommodate different trader preferences. The primary platforms include:
- MetaTrader 4 (MT4): A widely used platform known for its robust features, including automated trading capabilities through Expert Advisors (EAs).
- MetaTrader 5 (MT5): The successor to MT4, offering advanced charting tools and additional features for multi-asset trading.
- cTrader: A platform designed for forex and CFD trading, known for its intuitive interface and advanced order types.
- Iress: A proprietary platform primarily for share trading, offering direct market access (DMA) to global exchanges.
The broker emphasizes fast execution speeds, utilizing a high-end server located at the Equinix NY4 facility in New York, which ensures low-latency trading. FP Markets also supports API access and automated trading, making it suitable for algorithmic traders.
5. Account Types and Trading Conditions
FP Markets offers a variety of account types to meet the needs of different traders:
- Standard Account: Designed for beginners, offering commission-free trading with spreads starting from 1.0 pips.
- Raw Account: Suitable for experienced traders, featuring tighter spreads from 0.0 pips with a commission of $3 per lot.
- Iress Accounts: Available for Australian clients, offering access to a wide range of share CFDs with different commission structures.
- Islamic Accounts: Swap-free accounts available for both standard and raw account types, compliant with Islamic finance principles.
The minimum deposit for both the standard and raw accounts is $100 AUD. Leverage options vary by account type and regulatory jurisdiction, with maximum leverage up to 1:500 for certain accounts. The broker also offers demo accounts for traders to practice without risk.
6. Funds Management
FP Markets provides a variety of funding methods for deposits and withdrawals, ensuring convenience for traders:
- Deposit Methods: Include bank wire transfers, credit/debit cards, and various e-wallet options such as PayPal, Skrill, and Neteller. The minimum deposit requirement is $100 AUD for standard and raw accounts.
- Withdrawal Methods: Similar to deposit options, with no withdrawal fees charged by the broker. However, intermediary fees may apply for certain methods.
- Processing Times: Deposits are typically processed instantly, while withdrawals may take 1-2 business days depending on the method used.
The broker ensures that all client funds are held in segregated accounts, providing an additional layer of security.
7. Customer Support and Educational Resources
FP Markets offers robust customer support, available 24/7 through various channels, including live chat, email, and phone support. The support team is multilingual, catering to a diverse clientele across different regions.
The broker also provides a wealth of educational resources, including:
- Webinars and Tutorials: Covering both beginner and advanced trading concepts.
- Market Analysis: Daily reports and insights to help traders make informed decisions.
- Trading Tools: Including calculators and economic calendars to enhance trading efficiency.
8. Regional Coverage and Restrictions
FP Markets serves clients from numerous countries, with a focus on major markets such as Australia, Europe, and South Africa. However, the broker does not accept clients from certain jurisdictions, including:
- United States
- Japan
- North Korea
- Iran
- Syria
- Afghanistan
- Cuba
- Liberia
- Libya
- Myanmar
The broker's operations are tailored to comply with the regulatory requirements of the regions it serves, ensuring a secure trading environment for its clients.
In summary, FP Markets stands out as a reputable forex broker, offering a comprehensive trading experience with competitive pricing, a wide range of products, and robust customer support. The broker's commitment to transparency, security, and trader education makes it an excellent choice for anyone looking to engage in forex and CFD trading.
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Latest Reviews
小喵95388
Taiwan
At the beginning, it was just a small amount of recharge. When I was to withdraw, I accidentally wrote the wrong account. Then they asked for recharge. After the payment, I asked for transaction. After the transaction, the amount exceeded the one for ordinary member, and I was asked to recharge to become a VIP member. But after that I need to trade to withdraw money. When I wanted to withdraw money, a problem showed up and I need to recharge to withdraw .. Until now, there has been no way to withdraw... The person who instructed me to trade promised that he help me withdraw money, but until now, he has not done it.
Exposure
2021-09-26
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FX2031655160
Taiwan
I met a netizen named 'Liu Mingxuan' through Line. Initially, he used the name 'Fido' saying that he was a public official and then said to add a private mobile phone. His Line account is 'Liu Mingxuan'. He started introducing me to use a counterfeit FP Markets for short-term gold trading, and entered funds through face-to-face currency transactions, with two successful small withdrawals. However, when applying for a large amount of withdrawal, he said that foreign taxes needed to be paid. After paying, he then said there was a problem with the order number and to wait another 7-10 days, then he stopped reading and replying.
Exposure
05-06