Aspect	Information
Company Name	LION
Registered Country/Area	Cayman Islands
Founded Year	2016
Regulation	SFC (Futures contracts), CIMA, MAS, and SFC (Dealing in securities, out of scope bussiness)
Minimum Deposit	$100
Maximum Leverage	1:500
Spreads	From 0.0 pips
Trading Platforms	Web-based and mobile trading platforms
Tradable Assets	Forex, commodities, indices, cryptocurrencies
Account Types	standard account, professional account, and ECN account
Demo Account	Yes
Customer Support	24/5 customer support via live chat, email, and phone
Deposit & Withdrawal	Credit/debit cards, bank transfers, e-wallets
Educational Resources	Webinars, tutorials, articles, and e-books

Overview of LION

Established in 2016 and headquartered in the Cayman Islands, LION emerges as a dynamic force in the world of online trading. This broker is distinguished by its regulatory compliance, offering a secure and accountable trading environment. Regulated by various authorities, including the SFC for futures contracts, CIMA, and MAS, but exceeded with SFC, dealing in securities.

With a minimum deposit requirement as low as $100, LION ensures accessibility to a broad spectrum of traders. The broker's substantial maximum leverage of 1:500 provides traders with the potential to amplify their positions, while competitive spreads starting from 0.0 pips enhance cost efficiency.

RLION combines accessibility, regulatory compliance, comprehensive support, and educational resources to create a platform that caters to traders of all levels.

Regulatory Status

LION operates as a regulated entity in the financial sector, adhering to stringent regulatory standards set forth by several reputable authorities. This commitment to regulatory compliance ensures a secure and accountable trading environment for its clients. Here is an overview of LION's regulatory status:

SFC (Securities and Futures Commission) - Futures Contracts Regulation:LION is regulated by the Securities and Futures Commission (SFC) in Hong Kong for its activities related to futures contracts. This regulation signifies LION's compliance with the regulatory framework governing futures trading, providing assurance to traders regarding the broker's adherence to industry standards and best practices.

CIMA (Cayman Islands Monetary Authority) - Offshore Regulation:LION is regulated by the Cayman Islands Monetary Authority (CIMA). As an offshore regulatory authority, CIMA oversees financial activities within the Cayman Islands jurisdiction. While offshore regulation can vary in stringency compared to major financial centers, it still imposes essential standards on financial entities like LION.

MAS (Monetary Authority of Singapore) Regulation:LION is regulated by the Monetary Authority of Singapore (MAS). MAS is the central bank and financial regulatory authority in Singapore, responsible for overseeing and regulating financial activities in the country. Regulation by MAS underscores LION's commitment to compliance with Singapore's financial laws and regulations.

SFC - Dealing in Securities (Exceeded Regulation):In addition to its regulation by the SFC for futures contracts, LION has also exceeded the regulatory requirements of the Securities and Futures Commission for dealing in securities.

Being regulated by multiple reputable authorities provides traders with confidence in the broker's operations, ensuring that it operates within a framework designed to protect investors and maintain the integrity of the financial markets.

Pros and Cons

Pros	Cons
Low Minimum Deposit	Limited Educational Resources
High Maximum Leverage:	Limited Account Types
Competitive Spreads	Limited Payment Methods
Diverse Tradable Assets	Limited Transparency on Islamic Accounts
Versatile Trading Platforms

Pros:

• Low Minimum Deposit: LION offers accessibility to a wide range of traders with its low minimum deposit requirement of $100. This allows both new and experienced traders to get started with a relatively small investment.

• High Leverage: The broker provides a substantial maximum leverage of 1:500. This high leverage can amplify trading potential, enabling traders to control larger positions with a relatively smaller amount of capital.

• Competitive Spreads: LION offers competitive spreads starting from 0.0 pips. Competitive spreads reduce trading costs, which can be advantageous for traders looking to maximize their profits.

• Diverse Tradable Assets: Traders have access to a wide range of tradable assets on LION's platform, including Forex, commodities, indices, and cryptocurrencies. This diversity allows traders to diversify their portfolios and explore various global markets.

• Versatile Trading Platforms: LION provides both web-based and mobile trading platforms, catering to traders' preferences for where and how they execute their trades. This versatility ensures convenience and flexibility.

Cons:

• Limited Educational Resources: LION may have limited educational materials available for traders seeking comprehensive learning opportunities. More extensive educational content could enhance the trading experience.

• Limited Account Types: While LION offers a range of account types, the variety may be limited compared to some other brokers. Traders with specific requirements for account types may find options constrained.

• Limited Payment Methods: The availability of payment methods for deposits and withdrawals on LION's platform may be restricted. This could inconvenience traders who require specific payment options.

• Limited Transparency on Islamic Accounts: Information regarding Islamic accounts, which adhere to Islamic finance principles, is not readily available. Traders who require Sharia-compliant accounts may find it challenging to determine if such accounts are offered.

Market Instruments

LION offers a diverse range of financial products for traders to access and trade on their platform. These products span various asset classes, providing traders with opportunities to diversify their portfolios and explore global markets. Here's a concrete description of the products offered by LION:

1. Forex (Foreign Exchange): LION facilitates trading in the Forex market, the world's largest financial market. Traders can engage in the buying and selling of currency pairs, such as EUR/USD, GBP/JPY, or USD/JPY. Forex trading allows participants to speculate on the exchange rate movements between different currencies.

2. Commodities: Traders on the LION platform have access to trading commodities. These physical assets include precious metals like gold and silver, energy resources like oil and natural gas, and agricultural products like wheat and coffee. Commodity trading enables investors to capitalize on price fluctuations in these essential global resources.

3. Indices: LION provides opportunities to trade on indices. These are measures of the performance of groups of stocks or bonds. Traders can speculate on the overall performance of specific indices, such as the S&P 500 or the FTSE 100, without trading individual stocks.

4. Cryptocurrencies: LION allows traders to participate in the cryptocurrency market. Cryptocurrencies are digital currencies created using blockchain technology. Popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are available for trading. Traders can take advantage of the price volatility in the cryptocurrency market.

These products collectively offer a wide spectrum of trading opportunities for LION's clients. Traders can choose from these asset classes based on their preferences, risk tolerance, and market outlook, allowing for diversified investment strategies within a single platform. Additionally, the competitive spreads and leverage options further enhance the attractiveness of these trading products on the LION platform.

Account Types

LION offers three types of trading accounts: standard account, professional account, and ECN account. All accounts offer attractive trading conditions and provide a wide range of base currencies to suit the preferences of different traders.

Traders can select the account type that aligns with their trading strategy and enjoy competitive spreads and high leverage for enhanced trading opportunities.

Account type	Minimum deposit	Spreads	Leverage	Trading products	Additional features
Standard	$100	From 0.0 pips	1:500	Forex, commodities, indices, and stocks	None
Professional	$500	From 0.0 pips	1:500	Forex, commodities, indices, and stocks	No trading commissions and higher leverage
ECN	$1,000	From 0.0 pips	1:500	Forex, commodities, indices, and stocks	Most competitive spreads and execution speeds

How to Open an Account？

To open an account with LION, follow these concrete steps:

1. Access the Registration Page: Look for the “Register” or “Open Account” button and click on it to initiate the account creation process.

2. Provide Personal Information:

1. Begin by entering your full name in the designated field.

2. Input your email address to create a unique login ID for your account.

3. Enter your mobile number, including the country code (e.g., +84).

3. Review and Accept Agreements: Ensure you understand the terms and conditions outlined in these agreements.

4. Verification and Activation: You may be required to verify your email address and mobile number to activate your account. Follow any verification instructions provided by LION to complete this process.

5. Begin Trading: Once your account is funded, you can start exploring the platform, accessing educational resources, and executing trades in the financial markets.

Leverage

LION offers its traders a maximum leverage of 1:500. Maximum leverage represents the ratio of the trader's own capital to the borrowed funds provided by the broker. In this case, for every $1 of the trader's own capital, they can control a trading position of up to $500.

High leverage, such as 1:500, can be advantageous for traders looking to magnify their trading positions and potentially increase their profits.

Trading product	Leverage
Forex	1:500
Commodities	1:500
Indices	1:500
Stocks	1:500

Spreads & Commissions

LION offers three account types: Standard, Professional, and ECN. The spreads and additional fees for each account type are as follows:

Standard Account: The Standard Account has spreads from 0.0 pips. For forex currency pairs, spreads are typically between 0.0 pips and 1.0 pips. For commodities, indices, and stocks, spreads are typically between 0.1 pips and 1.0 pips. The Standard Account does not charge any additional fees.

Professional Account: The Professional Account has spreads from 0.0 pips. For forex currency pairs, spreads are typically between 0.0 pips and 0.5 pips. For commodities, indices, and stocks, spreads are typically between 0.05 pips and 0.5 pips. The Professional Account does not charge any additional fees.

ECN Account: The ECN Account has spreads from 0.0 pips. For forex currency pairs, spreads are typically between 0.0 pips and 0.2 pips. For commodities, indices, and stocks, spreads are typically between 0.05 pips and 0.2 pips. The ECN Account charges a small commission, the amount of which depends on the trading product and the trading volume.

Account type	Spreads	Additional fees
Standard	From 0.0 pips	None
Professional	From 0.0 pips	None
ECN	From 0.0 pips	Small commission, depending on trading product and volume

Trading Platform

LION offers two trading platforms and tools to facilitate the intuitive execution of trading strategies on industry-leading platforms.

1. MetaTrader 4 Platform: LION provides access to the popular MetaTrader 4 platform, which offers a user-friendly interface and advanced features for seamless trading experiences. Traders can utilize its comprehensive charting tools, technical indicators, and Expert Advisors (EAs) to enhance their trading strategies.

2. MetaTrader 5 Platform: Additionally, LION offers the MetaTrader 5 platform, an advanced version of MT4 with enhanced functionalities. MT5 provides more timeframes, additional technical indicators, and support for trading a wider range of financial instruments.

Deposit & Withdrawal

LION makes it simple to move your money from place to place. They provide a range of account funding and account withdrawal options in multiple base currencies.

Payment method	Processing time (deposits)	Processing time (withdrawals)	Accepted currencies	Fees
Credit/debit cards	Instant	Up to 3 business days	USD, EUR, GBP, AUD, JPY	None
Bank transfers	Up to 3 business days	Up to 5 business days	USD, EUR, GBP, AUD, JPY	May vary depending on the bank
E-wallets	Instant	Up to 24 hours	USD, EUR, GBP, AUD, JPY	May vary depending on the e-wallet
Global ACH	Up to 3 business days	Up to 3 business days	USD, EUR, GBP, AUD, JPY	May vary depending on the bank

Customer Support

LION provides comprehensive customer support to assist traders with their inquiries, and concerns:

• Live Chat: LION offers a live chat feature, allowing traders to engage in real-time text-based conversations with customer support representatives. This instant communication method is often preferred for quick inquiries and problem resolution.

• Email: Traders can also contact LION's customer support via email. Email support provides a written record of interactions and is suitable for more detailed inquiries or issues that may require documentation.

• Phone: For those who prefer voice communication, LION offers phone support. Traders can call the provided phone number to speak directly with customer support representatives, facilitating immediate assistance and clarification.

Educational Resources

LION offers a range of educational resources to assist traders in making informed decisions:

1. Webinars: LION provides live webinars conducted by experienced traders and financial experts. These webinars cover a wide range of topics, including market analysis, trading strategies, risk management, and more. Webinars offer traders the opportunity to learn from professionals in real time and engage in interactive Q&A sessions.

2. Tutorials: LION offers comprehensive tutorials that cater to traders of all levels, from beginners to experienced traders. These tutorials typically cover essential trading concepts, platform navigation, order execution, and other fundamental aspects of trading. Tutorials serve as a valuable resource for those looking to build a solid foundation in trading.

3. Articles: The broker publishes articles on various financial and trading topics. These articles provide in-depth insights into market trends, analysis, and trading strategies. Traders can access articles to stay informed about current events and trends affecting the financial markets.

4. E-books: LION offers e-books that delve deeper into specific trading subjects. These e-books are typically more extensive than articles and provide a more comprehensive understanding of topics such as technical analysis, chart patterns, risk management, and more. E-books are valuable resources for traders looking for in-depth knowledge.

Conclusion

In conclusion, LION offers several notable advantages, including a low minimum deposit requirement, high maximum leverage, competitive spreads, a diverse range of tradable assets, and versatile trading platforms that cater to traders' preferences. However, there are also certain limitations, such as limited educational resources, account types, and payment methods. Additionally, the transparency regarding Islamic accounts and potential regulatory complexities could pose challenges for specific traders.

Overall, LION presents an opportunity for traders to access global financial markets with favorable conditions but may require traders to seek additional educational resources independently and carefully consider their account needs and payment preferences.

FAQs

Q: What is the minimum deposit requirement to start trading with LION？

A: To commence trading on the LION platform, you need a minimum deposit of $100. This accessibility allows traders with varying capital levels to participate in the financial markets.

Q: Can I access educational materials to enhance my trading knowledge with LION？

A: Yes, LION provides a range of educational resources, including webinars, tutorials, articles, and e-books. These resources are designed to help traders improve their understanding of the markets and trading strategies.

Q: Is there a demo account available on LION's platform？

A: Indeed, LION offers a demo account, allowing traders to practice and refine their trading strategies without risking real capital. It's a risk-free way to get accustomed to the platform and test trading approaches.

Q: How can I contact LION's customer support if I have questions or need assistance？

A: LION provides customer support through various channels, including live chat, email, and phone. Traders can access support during trading hours to address inquiries or seek assistance with their trading activities.

Q: Does LION offer a copy trading tool for traders interested in automated trading strategies？

A: Specific details about a copy trading tool on LION's platform are not specified in the provided information. It's recommended to check with LION directly or visit their website for the most up-to-date information on available trading tools.

Q: Are there any bonuses or promotional offers available to traders on LION？

A: Information regarding bonuses or promotional offers is not provided in the available data. Traders interested in potential bonuses should refer to LION's official website or contact their customer support for relevant details.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

FP Markets	Basic Information
Registered Country	Sydney, Australia
Founded in	2005
Regulation	ASIC, CySEC
Minimum Deposit	$100
Trading Instruments	Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals, Bonds, and ETFs
Trading Platforms	MetaTrader 4, MetaTrader 5, Iress
Account Types	Standard, Raw, Islamic, Demo
Leverage	Up to 1:500
Spreads	From 0.0 pips
Commission	$3.00 per side per 100k traded (Raw Account only)
Deposit and Withdrawal Methods	Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, POLi, FasaPay, China Union Pay, BPay, PayPal
Customer Support	24/7 Live Chat, Email, Phone Support, Knowledge Base, Video Tutorials
Educational Resources	Webinars, eBooks, Trading Videos, Trading Tools, Market Analysis, Economic Calendar

Overview of FP Markets

FP Markets is an Australian-based online brokerage firm that offers various trading instruments including forex, shares, indices, metals, and cryptocurrencies. The company was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets provides clients with access to multiple trading platforms including MetaTrader 4, MetaTrader 5, and IRESS. The broker also offers several account types to cater to the needs of different traders, including Standard andRaw, with the minimum deposit to open a standard account starting from $100 AUD or equivalent amount. The standard account is designed for novice traders, while the Raw account is intended for more experienced traders who require tighter spreads and faster execution speeds. In addition, the company offers Islamic accounts, as well as a free demo account for traders to test their strategies in a risk-free environment.

When it comes to trading conditions, FP Markets is known for its competitive spreads and low commissions. The broker also offers high leverage options of up to 500:1 for forex trading. Additionally, the broker offers various 24/7 customer support and rich educational resources such as webinars, trading guides, and video tutorials, which can help both novice and experienced traders to improve their trading skills.

Is FP Market Legit or a Scam？

Yes, FP Markets is a regulated broker. They are regulated by two reputable regulatory bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). ASIC is known for its strict regulations and is considered to be one of the most trusted regulators in the world. CySEC is also a reputable regulator and is responsible for regulating the financial markets in Cyprus, which is an important hub for forex and CFD trading. FP Markets' adherence to these regulatory bodies' rules and regulations ensures its transparency, and fairness in its operations.

Pros and Cons of FP Markets

FP Markets has several pros, including its strong regulatory framework, low trading fees, diverse range of financial instruments, and robust trading platforms. The broker also offers various account types to suit the needs of different traders and provides excellent customer support. However, some potential cons of FP Markets include limited live trading account types, high inactivity fees, and the fact that the broker is not available to clients from certain countries.

Pros	Cons
Regulated by reputable authorities (ASIC, CySEC)	No support for U.S. clients
Wide range of trading instruments	Limited live account types
Website easy to navigate	Inactivity fee charged on dormant accounts
Low spreads and competitive pricing	No social trading platform offered
Generous leverage up to 1:500	Minimum deposit not the friendiest compared to other brokers
Rich educational resources available
Negative balance protection
Multiple trading platforms, MT4, MT5 and Iress
High-quality customer service and support

Market Intruments

FP Markets offers over 2250 market instruments for traders to choose from, including forex pair ( over 60) , indices, commodities (Coffee, natural gas, corn & more) , metals (Gold, oil, silver & more), cryptocurrencies, bonds (US10YR & UK Long Gilt Futures GILT), shares ( more than 10,000) and more. With Forex, traders can access major currency pairs, as well as minor and exotic currency pairs. For indices, FP Markets offers a selection of popular indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and more. In the commodities market, traders can trade precious metals like gold and silver, as well as oil, natural gas, and other commodities. FP Markets also offers trading in cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, as well as shares from various exchanges, including the NYSE and NASDAQ. Overall, FP Markets provides a diverse range of market instruments for traders to choose from.

Behold, a comparison table of the vast array of market instruments offered by reputable brokers FP Markets, IC Markets, FXTM, and Exness:

Market Instruments	FP Markets	IC Markets	FXTM	Exness
Forex	60+	65+	60+	120+
Commodities	15+	19+	3+	10+
Indices	20+	18+	11+	10+
Stocks	10,000+	120+	180+	0
Cryptocurrencies	5+	10+	5+	5+

Account Types

When it comes to FP Markets' account types, there are a few important things to consider. Firstly, it is worth noting that the available account types depend on which trading platform you choose to use. The MT4 and MT5 platforms offer Standard and Raw account types, while the iRESS trading platform offers both Retail and Wholesale/Professional account types.

Let's take a closer look at each account type. The Standard account offers commission-free trading with spreads starting from 1.0 pip, while the Raw account offers commission-based trading with spreads starting from 0.0 pips. The Raw account is designed for traders who require lower spreads and are willing to pay a commission for the privilege.

On the other hand, the iRESS trading platform offers both Retail and Wholesale/Professional account types. The Retail account offers commission-free trading with spreads starting from 0.0 pips, while the Wholesale/Professional account offers commission-based trading with spreads starting from 0.0 pips. The Wholesale/Professional account is designed for traders who require lower spreads and have higher trading volumes, and are therefore able to access deeper liquidity pools.

Each account type has its own minimum deposit requirement, which varies depending on the platform and account type you choose, with Standard and Raw (MT4 & MT5）starting from $100 AUD or equivalent, retail and wholesale account from $1,000. In addition, each account type offers different leverage options, depending on the financial instrument being traded.

Pros	Cons
Multiple account types to choose from	Limited leverage options for certain account types
Low minimum depoist for Standard and Raw account	Minimum deposit requirements can be high for some retail and professional account
Ability to trade multiple markets with IRESS platform	Some account types may have higher commission fees
Access to multiple trading platforms	Limited cryptocurrency trading options
Professional account options for experienced traders	Demo accounts only available for a limited time period
High-speed order execution with ECN trading technology	Swap-free account options may not be available for all account types

Demo Accounts

FP Markets offers free demo accounts for both the MT4 and MT5 platforms, allowing traders to practice their strategies and familiarize themselves with the platforms before opening a live trading account. The demo accounts provide access to real-time market data, competitive spreads, and a range of trading tools, making it an ideal option for traders of all levels to test their trading skills without risking their capital.

One of the key advantages of FP Markets' demo accounts is that they allow traders to experience the same trading conditions as their live accounts, giving them a realistic view of the market environment. In addition, the demo accounts are unlimited, meaning that traders can practice for as long as they want without any time restrictions.

FP Markets' demo accounts are valid for 30 days. However, if you require an extension, you can contact their customer support team to request it. They may extend the demo account for an additional 30 days.

Islamic Accounts

FP Markets offers Islamic or swap-free accounts to clients who follow the Muslim faith and cannot receive or pay interest due to religious reasons. These accounts comply with Sharia law and allow traders to hold positions overnight without incurring any rollover fees or interest charges.

FP Markets' Islamic accounts are available for all account types, including the Standard and Raw accounts for MT4 and MT5, as well as the iRESS Trading platform. Traders can open an Islamic account by submitting a request to the FP Markets support team, which will review and approve the application.

How to open an account？

Here is some more detailed information about how to open an account with FP Markets:

To begin the account opening process, prospective clients can go to the FP Markets website and click on the “Open Live” button. They will then be directed to a page where they can choose between opening a live or a demo account.

After selecting the account type, clients will need to fill out an application form that requires personal and financial information. This includes details such as their full name, email address, phone number, country of residence, and employment status.

Clients will also need to provide some identification documents, such as a passport or national ID card, as well as proof of address, which could be in the form of a utility bill or bank statement. FP Markets takes security seriously and has a strict verification process to ensure the safety of client funds and information.

Once the application has been submitted and the client's identity and address have been verified, they will receive an email with their login credentials and instructions on how to fund their account. FP Markets offers a variety of payment options, including credit/debit cards, bank transfers, and various e-wallets.

Leverage

The leverage offered by FP Markets for other instruments varies based on the type of instrument and the entity under which it operates. For example, the Australian entity of FP Markets offers a maximum trading leverage of up to 1:500 for major forex trading, while the CySEC entity offers a maximum trading leverage of up to 1:30 for forex trading. Besides, for commodities and indices, the maximum leverage available is usually lower than for forex trading.

Please bear in mind that trading with leverage involves a higher degree of risk, and traders should use it wisely and with caution. It is always advisable to understand the risks involved and have a sound risk management plan in place before using leverage in trading.

Spreads & Commissions

FP Markets offers competitive spreads and commissions for its traders. The spreads for forex trading start from as low as 0.0 pips, depending on the type of account and trading platform. The Raw account, which is available on both the MT4 and MT5 trading platforms, charges a commission of $3 per side per lot traded, while the Standard account has no commission but slightly wider spreads.

For trading CFDs on indices, FP Markets charges a commission starting from $10 per lot, while the spreads start from 0.5 points. The commission and spreads for other instruments, such as commodities, shares, and cryptocurrencies, vary depending on the specific instrument and trading platform.

FP Markets offers an Active Traders program that provides discounted trading fees for high-volume traders. Traders who meet certain trading volume requirements can receive rebates on their commissions and reduced spreads.

We've gathered data on EUR/USD, XAU/USD, Brent Crude Oil, and Bitcoin (BTC/USD) from top-notch brokers, including FP Markets, IC Markets, FXTM, and Exness, so you can make an informed decision on where to place your trades.

Broker	EUR/USD Spreads (pips)	XAU/USD Spreads(pips)	Brent Crude Oil Spreads(pips)	Bitcoin Spreads(pips)
FP Markets	0	15	3	18.66
IC Markets	0	20	3	60
FXTM	1.3	20	3	130
Exness	0.9	17	2	80

Non-Trading Fees

In addition to trading fees, FP Markets also charges non-trading fees that traders should be aware of before opening an account. The broker charges an inactivity fee of AUD 10 per month on accounts that have been inactive for more than six consecutive months. FP Markets also charges a withdrawal fee of AUD 20 for withdrawals made via bank transfer, while withdrawals made via credit/debit card or e-wallets are free of charge.

Moreover, FP Markets offers a VPS service to its clients, allowing them to access their trading accounts from anywhere in the world. However, the VPS service is not free and is available at an additional cost of AUD 30 per month. The broker also offers a copy trading service called “MAM/PAMM,” which allows traders to copy the trades of professional traders. This service is also available at an additional cost of 10% performance fee.

Besides, FP Markets also charges swap interest for holding positions overnight. The swap rates can be either positive or negative depending on the currency pair and the direction of trade.

Pros	Cons
No deposit or withdrawal fees for most methods.	Inactivity fee charged after 6 months of inactivity.
No account administration fees.	Some payment methods may incur fees charged by third-party providers.
No fees charged for Islamic accounts.	Overnight financing fees (swaps) are charged on positions held overnight.
Low conversion fees for deposits and withdrawals in different currencies.

Trading Platform

FP Markets offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the IRESS platform for advanced traders.

The MT4 platform is well-known for its user-friendly interface and extensive range of analytical tools, making it a popular choice among traders of all levels. The MT5 platform is an upgraded version of MT4, offering additional features such as more timeframes, additional order types, and advanced technical analysis tools.

The IRESS platform is designed for more advanced traders who require direct market access (DMA) and the ability to trade a variety of financial instruments, including stocks, futures, and options, as well as forex and CFDs.

Please note that FP Markets charges fees for using the MT4 and MT5 trading platforms. The fees depend on the account type and trading platform being used. For example, Standard account holders using the MT4 platform are charged zero commissions for various tarding assets, while Raw account holders are charged a commission of $3.5 AUD per lot for forex trades on the same platform. On the MT5 platform, both Standard and Raw account holders are charged a commission of $6 per lot for forex trades. It's important to note that these fees are subject to change and may vary depending on the instrument being traded.

Here is the comprehensive table comparing the top trading platforms offered by FP Markets and other reputable brokers such as IC Markets, Exness, and Avatrade:

Broker	Trading Platform	Desktop/Mobile/Web	Number of Instruments	Minimum Deposit
FP Markets	MT4, MT5, IRESS	Desktop, Mobile	10,000+	$100
IC Markets	MT4, MT5, cTrader	Desktop, Mobile, Web	300+	$200
Exness	MT4, MT5	Desktop, Mobile, Web	150+	$1
Avatrade	MT4, MT5, AvaOptions	Desktop, Mobile, Web	1000+	$100

Copy Trading

FP Markets presents comprehensive copy trading services. The options include an embedded MT4 service from a leading algorithmic broker, an embedded MT5 service ideal for equity CFD copy trading, and an embedded cTrader service as a reasonable MT4 alternative. Additionally, traders can leverage the well-trusted third-party service Myfxbook AutoTrade or explore the fee-based emerging alternative Signal Start. Furthermore, FP Markets provides an in-house maintained copy trading service, FP Markets Social Trading, catering to traders seeking a proprietary solution.

Deposit & Withdrawal

Minimum Deposit

FP Markets requires a minimum deposit of $100. This means that you can not open an account with FP Markets unless you deposit at least $100. However, it is important to note that some payment methods may require a higher minimum deposit. For example, if you are using a bank wire transfer, the minimum deposit may be higher than $100 due to processing fees.

The following is a table showing the comparison of the minimum deosit required by FP Markets and other brokers, avatrade, exness, and ic markets:

Broker	Minimum Deposit
FP Markets	$100
Avatrade	$100
Exness	$1
IC Markets	$200

FP Markets offers a variety of convenient deposit and withdrawal methods to ensure that clients can easily fund and withdraw their accounts. Clients can deposit funds using credit/debit cards, bank wire transfers, electronic wallets such as Neteller, Skrill, POLi, and FasaPay. FP Markets does not charge any deposit fees, and the processing time for deposits is usually instant or up to 1 business day, depending on the deposit method.

Withdrawal

For withdrawals, clients can use the same methods they used for depositing, and FP Markets does not charge any fees for most withdrawal methods. Withdrawal processing times vary depending on the method used, with electronic wallets usually taking up to 24 hours, while bank transfers can take 3-5 business days. Clients are advised to verify their accounts before making a withdrawal to avoid any delays or complications in the withdrawal process. Additionally, FP Markets offers free internal transfers between accounts, making it easy for clients to manage their funds across multiple trading accounts.

Pros	Cons
Fast processing times for deposits and withdrawals	Limited payment options compared to other brokers
No fees for most deposit and withdrawal methods	High withdrawal fees for bank transfers
Multiple currency options for account funding	No support for some popular payment methods
Availability of convenient payment methods

Customer Support

FP Markets offers a range of customer support options to its clients, including email, phone, live chat, and an online contact form. The broker also provides access to a range of educational resources and tools, including a knowledge base, video tutorials, webinars, and trading guides. Additionally, FP Markets offers multilingual support in several languages, including English, Chinese, Spanish, and Portuguese.

In addition, FP Markets has an extensive FAQ section on their website that covers a wide range of topics and can help clients find answers to their questions quickly. 24/7 customer support is a significant advantage for clients who may need assistance outside of regular business hours.

Pros	Cons
24/7 customer support availability	Limited language support for customer service
Multiple customer support channels (phone, email, live chat)	No dedicated account manager for clients
Fast response times to customer inquiries and requests	No in-person support or local offices in some countries
Extensive knowledge base and educational resources	Limited social media presence for customer support

Educational Resources

FP Markets offers a wide range of educational resources to help traders improve their knowledge and skills in trading. These resources include video tutorials, webinars, trading guides, and market analysis. The broker also provides a demo account for traders to practice their trading strategies without risking real money. Additionally, FP Markets has a blog section on its website, which covers various trading topics and market updates.

Overall, the educational resources provided by FP Markets are comprehensive and easily accessible to traders. The broker's commitment to educating its clients is commendable, and it shows that it values the success of its clients. However, some traders may find that resources are not sufficient for their needs, and may require more personalized educational support.

Pros	Cons
Comprehensive educational resources	Some traders may require more personalized support
Demo account available for practice
Regular webinars and market analysis
Blog section with trading insights

Conclusion

To sum up, FP Markets is a reputable and well-regulated broker that offers a wide range of instruments for traders to choose from, including forex, stocks, commodities, cryptocurrencies, and more. The broker offers multiple account types, including demo, Islamic, and standard accounts, as well as various trading platforms such as MT4, MT5, and iRESS. FP Markets also provides 24/7 customer support and a comprehensive range of educational resources for traders of all levels. While there are some potential drawbacks such as non-trading fees and limited leverage for certain instruments, the overall trading experience with FP Markets is generally positive.

FAQs

Question: Does FP Markets offer demo accounts？

Answer: Yes, FP Markets offers demo accounts which can be used for practicing trading strategies and familiarizing oneself with the trading platforms.

Question: What is the minimum deposit requirement at FP Markets？

Answer: The minimum deposit requirement at FP Markets is $100.

Question: What instruments can be traded at FP Markets？

Answer: FP Markets offers a wide range of instruments including forex, shares, indices, commodities, cryptocurrencies, and more.

Question: Does FP Markets offer Islamic accounts？

Answer: Yes, FP Markets offers Islamic accounts for clients who require them.

Question: What is the maximum leverage available at FP Markets？

Answer: The maximum leverage available at FP Markets varies depending on the regulatory jurisdiction. The Australian entity offers up to 1:500 leverage for forex trading, while the CySEC entity offers up to 1:30.

Question: What are the trading fees at FP Markets？

Answer: FP Markets charges spreads and commissions on trades, with the specific fees varying depending on the trading instrument and account type.

Question: What are the deposit and withdrawal options at FP Markets？

Answer: FP Markets offers a range of deposit and withdrawal options including bank transfers, credit/debit cards, e-wallets, and more.

Question: What kind of customer support is available at FP Markets？

Answer: FP Markets offers 24/7 customer support through various channels including live chat, email, and phone.