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    FP Markets:FP Markets-Overview Guide of This Broker

    Abstract:FP Markets established in Australia in 2005. The company is committed to creating a one-stop forex trading platform, where traders can trade all financial instruments on the global market and trade forex, stocks, indices, commodities, futures and cryptocurrencies, and other CFDs through one account. FP Markets is one of the first traders to acquire a full license authorized by the Australian Securities and Investment Commission (ASIC). Besides, the company also has an STP license issued by the Cyprus Securities and Exchange Commission (CySEC).

      General Information & Regulation

      FP Markets established in Australia in 2005. FP Markets is a group of companies which include First Prudential Markets Pty Ltd, an ASIC regulated provider of Derivatives and Forex trading services (ABN 16 112 600 281, AFS License No. 286354) and FP Markets LLC. which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 126 LLC 2019. First Prudential Markets LTD is the entity authorized by the Cyprus Securities and Exchange Commission (CySEC), with regultory license number 371/18. FP Markets does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.

      Market Instruments

      The company provides investors with a variety of mainstream and popular tradable instruments on the global financial market, including Forex trading (more than 70 currency pairs can be traded), Stocks trading (tradable stocks across four continents around the world, more than 10,000 stocks), Precious Metals trading, Commodity trading, indices CFD trading, and Cryptocurrency (multiple cryptocurrencies and cryptocurrencies for fiat currencies can be traded).

      Minimum Deposit

      Two forex account types are listed on FP Markets platform: the Standard and the Raw. Minimum deposit amount for The Standard account is 100$ ECN account set also 100$. Additionally, there are three IRESS account types that cover the need of those traders who prefer to use this particular software.

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      FP Markets Leverage

      The maximum leverage of the major and minor currency pairs of this account is 1:500, major stock indices, commodities, and minor indices 1:100. The global stock leverage is 1:20, and the digital currency leverage is 1:5. The swap-free account is designed for traders who cannot pay or receive swaps or swap rates due to religious reasons.

      FP Markets Spreads & Commissions

      The lowest spread of the standard account in the forex account type is 1.0 pips, and no handling fee is charged. The minimum spread in the ECN account is 0.0 pips, and a handling fee of US$3.5 per trade is charged. The lowest spread of precious metals for standard accounts is 0.14 points, and the lowest spread for ECN accounts is 0.01 points. The lowest indices spread for standard accounts is 0.5 points, and the lowest index spread for ECN accounts is 0.5. The lowest spread of commodities for standard accounts and ECN accounts is 0.03. Both MT4 and IRESS Mobile versions are available for free, but the IRESS Trader/Viewpoint fee is $55 per month. Swap rates can also be considered as a cost. See the table below for the companys January 26 swap rates:

      FP Markets Trading Platform

      FP Markets provides the world's leading and popular MT4, MT5, MT4&MT5 WebTerminal, IRESS Viewpoint, IRESS Trader, and IRESS Investor. FP Markets' MT4 platform has advanced charts, massive technical indicators, accurate real-time quotes, real-time news and analysis, and a complete set of automated trading systems. FP Markets MT5 is a platform integrating forex, stocks, metals, CFD, and other tradings. With many technical analysis tools, excellent charting tools, foreign exchange signals, automatic trading systems, and copy trading functions, it has created more trading opportunities for modern traders. The MT4&MT5 web version makes trading highly flexible. Traders can trade directly through a computer web browser without downloading any software. The new and improved trader platform IRESS Viewpoint has advanced features to improve traders' trading experience. The new IRESS ViewPoint provides trading tools that are better compatible with various browsers. When traders login to the IRESS platform, they can choose IRESS Trader or IRESS ViewPoint. Traders can make full use of the advanced features of IRESS ViewPoint when trading opportunities arise, and data can be superimposed on each other to make the data fully visible.

      Deposit & Withdrawal

      FP Markets offers various deposit and withdrawal options for investors to choose from. These deposit and withdrawal methods include VISA/MASTERCARD credit card MT4/ MT5 (no charge for deposit and withdrawal, one working day for withdrawal), VISA/MASTERCARD credit card IRESS account (no charge for deposit and withdrawal, one working day for withdrawal), payment in Australia (supports Australian dollars, no handling fee for deposit and withdrawal, arrival time is one working day), international bank remittance (deposit 12.5 Australian dollars handling fee, withdrawal 25 US dollars handling fee), NETELLER (accepting AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, no handling fee for the deposit, 2% for withdrawal, up to 20 USD fee), Skrill (accepting EUR, USD, BGP, no fee for the deposit, 1% for withdrawal plus international fee), Paytrust88 (accepting MYR, IDR, THB, VND, no fee for the deposit, 1.5% fee for withdrawal, payment taking one working day), Ngan Luong (accepting VND, no handling fee for the deposit, charge for withdrawal 1000 VND + 1% fee).

       Customer Support

      From a customer support perspective, FP Markets delivers across the board. The multilingual customer support is available in twelve languages, 24/7. Clients may reach out via e-mail, live chat, phone, or the call-back option. A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies.

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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
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