FPM Broker Review

　　

FPM 2025 Review: Everything You Need to Know

　　FPM, or Forex Price Markets, is an offshore forex and CFD broker established in 2019 and regulated in Belize. The reviews on FPM paint a largely negative picture, highlighting concerns about its regulatory status, customer service, and overall trustworthiness. This article will delve into the key aspects of FPM based on various expert analyses and user experiences.

　　Note: It's essential to consider that FPM operates under different regional entities, which may affect its regulatory compliance and user experience. The following assessment is based on a comprehensive analysis of available information to ensure fairness and accuracy.

　　

Rating Summary

Category	Score (out of 10)
Account Conditions	5
Tools and Resources	4
Customer Service and Support	3
Trading Setup (Experience)	5
Trust Level	2
User Experience	3

　　We rate brokers based on a thorough evaluation of user feedback, expert opinions, and factual data available from reliable sources.

　　

Broker Overview

　　FPM, operating under Forex Price Markets Ltd, is headquartered in Belize and holds a retail forex license from the Belize International Financial Services Commission (IFSC). The broker provides access to the widely-used MetaTrader 4 (MT4) platform, allowing traders to engage with various asset classes, including forex, commodities, indices, and cryptocurrencies. Despite its offerings, the regulatory framework under which FPM operates raises significant concerns regarding the safety of investor funds.

　　

Detailed Analysis

　　

Regulatory Overview

　　FPM is regulated by the IFSC in Belize, which is considered a low-tier regulatory authority. Reviews indicate that while it does have a license, the oversight is minimal compared to stricter regulators like the FCA in the UK or ASIC in Australia. This lack of robust regulatory framework has led to concerns about the safety of funds, as many users have reported issues with withdrawals and fund access.

　　

Deposit and Withdrawal Methods

　　FPM supports various deposit methods, including credit cards, bank wire transfers, and an internal transfer system called "imove." The minimum deposit required to open an account is $100. However, the withdrawal process has been criticized, with reports of delayed transactions and a 0.2% commission on internal transfers. Users have expressed frustration over their inability to access funds promptly, which is a significant red flag for potential investors.

　　

Asset Classes Available

　　FPM offers a range of tradable assets, including major, minor, and exotic forex pairs, commodities, indices, and cryptocurrencies. This variety allows traders to diversify their portfolios. However, some reviews suggest that the spreads, starting from 1.8 pips, are higher than industry standards, potentially impacting profitability.

　　

Costs (Spreads, Fees, Commissions)

　　The cost structure at FPM includes relatively high spreads and a commission on internal transfers. The EUR/USD spread is reported at 1.8 pips, which is above average compared to other brokers. Additionally, the imove internal transfer incurs a 0.2% fee, which may deter traders looking for cost-effective trading solutions.

　　

Leverage Options

　　FPM offers leverage up to 1:500, which can be attractive for traders seeking to maximize their positions. However, such high leverage also comes with increased risk, and users are advised to exercise caution. Many experts warn that while high leverage can amplify profits, it can also lead to significant losses.

　　

Trading Platforms

　　FPM exclusively supports the MetaTrader 4 platform, a popular choice among traders for its advanced charting tools and user-friendly interface. While MT4 is a reliable platform, the absence of a demo account option has been noted as a drawback, limiting new traders' ability to familiarize themselves with the platform before committing real funds.

　　

Restricted Regions

　　FPM operates as an offshore broker, which raises concerns about its legitimacy and the safety of funds. Various reviews indicate that traders from certain regions may face restrictions or challenges when attempting to withdraw funds or access customer support.

　　

Customer Service Languages

　　Customer support at FPM is primarily available through email, with limited responsiveness reported by users. The lack of a comprehensive support system has been a common complaint, as many users found it difficult to get timely assistance for their trading issues.

　　

Repeated Rating Summary

Category	Score (out of 10)
Account Conditions	5
Tools and Resources	4
Customer Service and Support	3
Trading Setup (Experience)	5
Trust Level	2
User Experience	3

　　

Detailed Breakdown

• 　　Account Conditions: The minimum deposit of $100 is relatively low, but the lack of multiple account types limits options for traders with diverse needs.

• 　　Tools and Resources: The educational resources provided by FPM are limited, which may hinder new traders' learning opportunities.

• 　　Customer Service and Support: Users report poor customer service experiences, with slow response times and limited support options available.

• 　　Trading Setup (Experience): The MT4 platform is well-regarded, but the absence of a demo account and high spreads may deter potential users.

• 　　Trust Level: FPM's offshore regulatory status significantly impacts its trustworthiness, with many reviews highlighting issues related to fund access and withdrawal delays.

• 　　User Experience: Overall user experiences have been mixed, with many citing difficulties in communication and fund management.

　　In conclusion, while FPM offers a range of trading instruments and high leverage options, its offshore regulatory status and customer service issues raise significant concerns. Prospective clients should carefully weigh these factors before engaging with this broker.