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Regarding the legitimacy of FP Markets forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC,CYSEC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

CYSEC Regulated

Is FP Markets safe?

The regulatory license is the strongest proof.

MM

ASIC Market Making(MM)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    First Prudential Markets Pty Ltd First Prudential Markets Pty Ltd
  • Effective Date: Change Record

    2005-05-31
  • Email Address of Licensed Institution:

    compliance@fpmarkets.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    https://www.fpmarkets.com.au
  • Expiration Time:

    --
  • Address of Licensed Institution:

    MATHEW MURPHIE L 5 10 BRIDGE ST SYDNEY NSW 2000 AUSTRALIA
  • Phone Number of Licensed Institution:

    0282526800
  • Licensed Institution Certified Documents:

11 name
STP

CYSEC Straight Through Processing(STP) 20

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Straight Through Processing(STP)
  • Licensed Institution:

    First Prudential Markets Ltd First Prudential Markets Ltd
  • Effective Date:

    2018-11-19
  • Email Address of Licensed Institution:

    supportdesk@fpmarkets.eu
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.fpmarkets.eu, www.fpmarkets.com/eu
  • Expiration Time:

    --
  • Address of Licensed Institution:

    135 Omonoias, UAD Court, 7th Floor, 3045 Limassol, Cyprus
  • Phone Number of Licensed Institution:

    +357 25 589 200
  • Licensed Institution Certified Documents:

11 name

Is FP Markets a scam, or is it legit?

The latest exposure and evaluation content of FP Markets brokers.

Can you believe it? FP Markets deducted 50,000 RMB from my MT4 directly with one email. —I hope that the exposure of this robbery behavior can alert more traders.
On June 18, I deposited 5,100 USD to FP Markets. At 9:15 PM on June 21, FP Markets sent me a deduction email (attached with pictures), deducting 7,780 USD from my MT4. I was confused and checked the email immediately. A few minutes later, MT4 was deducted 7,780 USD in profit, leaving only the initial deposit amount. I hereby declare that the transaction was placed manually. (Attached with pictures later) I am very angry about this behavior of this platform, and the salesperson cannot be contacted. I am speechless. It seems that on this platform "losing money is OK, but making money is not OK". This is my personal experience. I attach pictures, and you can ask any questions at any time. The pictures are real and valid. I will continue to follow up on this incident and keep updating.
I have three Bitcoin stop loss orders, the price is 58250. But they were triggered when the Bitcoin price did not reach 58250.
On July 8, 2024, I made three short orders for Bitcoin, and the stop loss price was 58250. It was stopped for no reason, but the price did not reach this. I saw the major platforms and Jin10 and Wall Street websites, and the price did not reach 58250. So how did my order trigger the stop loss? First of all, it caused me a loss of about 270+, and the subsequent market also made me lose about 200+. I reported the problem to the customer service, and the customer service replied that despite this, they were willing to compensate 50 for customer satisfaction. What does "despite" mean? Should I bear the loss if there is a problem in your background? I lost more than 5,800 on this platform, and I care about your 50? I have repeatedly asked for evidence that your platform triggered the stop loss for no reason, but you said various reasons for me to recognize my loss. Why don't you check whether Bitcoin has broken through 58250, this objective fact. Why did you stop my order if it didn't break through?
Profit is not withdrawn
I treat liquidation as a stop loss, but instead of withdrawing profits, they directly emptied my account. With such large fluctuations in the gold market, the platform either liquidates the account when it sees profits or when it sees losses!
Malicious platform slippage caused multiple accounts to lose more than 50%
In the two transactions of FPMarkets at 7:45 GMT+08:00 on March 7, due to malicious slippage, 19 accounts under my agency and under my name suffered serious losses exceeding 50% of their net worth. I have sorted out all the accounts with serious slippage here. According to the transaction log, during the opening period at that time, the highest quoted price of the trading variety XAUUSD.r in FP was 2151.45, and the lowest quoted price was 2146.15. However, the price the platform gave me for the transaction was above 2152 or even an outrageous price of 2154.73, and the lowest closing price was 2144.80. This directly led to the loss of more than 50% of the net value of the accounts for these 19 accounts that were supposed to be profitable. This was a direct result of liquidation and slippage. In this regard, I strongly request the platform to compensate for all losses caused by malicious slippage! I also compiled screenshots of how new and old users are treated differently. FP broker treats newly registered accounts at the same trading points in the same time period, and even slippage is within the acceptable range. However, for old users who have made profits before However, the account experienced exaggerated slippage, with positions opening and closing slipping at the same time. This makes me seriously suspect that the FP broker is eating the positions of my old account with slippage. Otherwise, why would there be such a big difference in transaction prices at the same time point, the same transaction, and the same account type? Regarding the malicious slippage of old members who are loyal to FP, this is something I absolutely cannot accept. I have also sorted out the transaction logs of the same operations at the same time on other trading platforms. At ICMarkets, TMGM, Dooprime, EC Markets and other brokers, The quotations for opening and closing positions of the same documentary account under my agency are all normal, and the profit margin is also very considerable. Only the accounts of old members at FP brokerage suffered serious slippage. Could it be that the platform would not allow any customers to make money? As long as the accounts used by members who have made money have serious slippage. I can clearly provide every proof for every transaction mentioned in the above points.
FP Markets's latest industry rating score is 8.88, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. FP Markets If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.