FPT Forex Broker

FPT Review SummaryFounded2023Registered Country/RegionDubaiRegulationUnregulatedMarket InstrumentsForex, Commodities, IndicesDemo Account✅LeverageUp to 1:100 (Two-Step Challenge), 1:20 (One-Step Challenge)SpreadFrom 0.0 pipsTrading PlatformMetaTrader 5 (Desktop, Web, Mobile)Min DepositNot MentionedCustomer SupportEmail: support@fundedprotrader.comFPT Information FPT (Funded Pro Trader) offers demo accounts for profit-sharing account assessments. Low spreads, no costs, and different leverage choices make the trading environment perfect for novices and professionals. Potential traders may be at danger because it is unregulated.Pros and ConsPros Cons No trading commissions and competitive spreadsUnregulatedDemo accounts allow traders to practice without real financial lossesLimited product rangeLeverage up to 1:100No information on minimum deposit requirementsIs FPT Legit? No, FPT does not have a valid licence from any legitimate financial body in Dubai, where it is based, or anywhere else. According to the WHOIS database, the registration for fundedprotrader.com was made on April 27, 2023, and it will remain active until April 27, 2025. In order to avoid unauthorised deletion and transfer, the domain status indicates “clientDelete Prohibited” and “clientTransfer Prohibited,” which do not indicate that the broker is in control.What Can I Trade on FPT? FPT provides a range of financial instruments, such as commodities, indices, and forex.Tradable Instruments Supported Forex✔Commodities✔Crypto❌CFD❌Indices✔Stock❌ETF❌Challenge Types FPT has Challenge types for beginners, expert, and professional traders. They provide Starter, Standard, Professional, Advanced, and Expert accounts with initial investments from $5,000 to $200,000. All of these accounts are demo accounts, therefore transactions are made with fictitious funds and there are no actual losses or winnings during assessment. Trade challenges assist traders get profit sharing accounts. Hedge objectives may lead FPT to duplicate trades to the live market.Leverage FPT offers leverage up to 1:100 for two-step challenge accounts and 1:20 for one-step challenge accounts. Leverage lets traders hold larger positions with less capital, potentially improving earnings. But excessive leverage also increases risk because losses can be compounded.FPT Fees With no trading commissions and modest spreads, FPT's fees are often low when compared to industry norms. Their broker partner ECG Broker handles all of the trades.Trading Account TypeSpreadsCommissionProductsTwo-Step ChallengeFrom 0.0 pips$0 FX, Commodities, IndicesOne-Step ChallengeFrom 0.0 pips$0 FX, Commodities, IndicesTrading PlatformTrading PlatformSupported Available Devices Suitable forMetaTrader 5✔Desktop, Web, MobileAll tradersDeposit and Withdrawal FPT does not charge any fees for deposits or withdrawals. Deposit Options Deposit Options Min. DepositFees Processing Time Major Credit CardsNot SpecifiedFreeInstantDebit CardsNot SpecifiedFreeInstantDirect Wire TransfersNot SpecifiedFreeDepends on bankCryptoNot SpecifiedFreeTypically fastApple PayNot SpecifiedFreeInstant Withdrawal Options Withdrawal Options Min. Withdrawal Fees Processing Time Bank TransferNot SpecifiedFreeTwice per month, depending on bank processing timesCrypto PaymentNot SpecifiedFreeTwice per month, typically fastPayPalNot SpecifiedFreeTwice per month, typically fast