If you want to know more about FP Market in Singapore, check their minimum deposit, bonuses and commissions to decide whether to use them or not. You can read FP Markets review below. First Prudential Markets (FP Markets) has 14 years of experience in the Forex and CFD market with headquarters in Australia and subsequent expansion to Beijing and Shanghai. The firm is one of the largest brokers in Australia and has begun expanding into Europe and Latin America. Our first impression about the broker is that they accept Singaporean clients. Find out more in this article.
What is FP Markets?
FP Markets is an ASIC-regulated broker in Australia that has been in business for more than 15 years. You can trade 60+ currency pairs, thousands of stocks, 19 major global indices, and commodities with them. It has spreads as low as 0.0 pips and works with the MT4 and MT5 platforms, as well as IRESS, webtrader, and mobile apps. They have a minimum deposit, a bonus, and fees.
Regulation and characteristics of FP Markets
FP Markets operates under the ASIC and AFS license. It has been a driving force in improving the transparency of forex brokers in the Australian market, according to several documents released by the regulator.
Since its inception, it has been a Direct-to-Market (DMA) broker , where client orders are routed directly to the prices of the liquidity providers it works with. They also have segregated accounts so the broker cannot use client funds to trade in the market. The registration number is ABN 16 112 600 281 and the license number is AFS 286354.
FP Markets trading platforms and products
FP Markets is one of the forex and CFD brokers around the world. It differs from other Australian brokers who only offer CFDs on currencies and indices. They also offer more than 10,000 stocks, currencies, commodities, and cryptocurrencies. As you can see from the images below, when it comes to share CFDs, it mostly gives you access to markets in Asia that European brokers don’t usually have. There are also a lot of different US stocks.
Trading Platforms (MetaTrader)
MetaTrader is a comprehensive trading platform that is easy to use and highly configurable with the following features:
- It allows you to download your trading history with parameters and view your trades.
- A wide range of technical indicators and add-ons . You can customize the platform to suit your needs.
- A variety of customizable tools, alerts and transactions .
- Use automatic trading software
FP Markets Leverage and Spreads
The main source of income for a DMA broker is the difference between the bid and ask price, known as the spread. Therefore, every trader always makes sure that these spreads are as small as possible so that the trader can make a profit as soon as possible. Spreads generally depend on the liquidity of each asset and that is why it is important for the broker to work with the best liquidity providers.
As for FP Markets, in the image below you can see the spreads this broker offers on the most popular assets on its platform, i.e. the ones with the highest liquidity.
As a non-ESMA broker, they are not yet subject to CFD restrictions. It can offer leverage beyond what is permitted in Europe. Excessive leverage is one of the main causes of losses for inexperienced traders. That is why this type of leveraged trading should only be used by very experienced traders. The maximum allowed leverage is up to 500:1.
FP Markets minimum deposit
To open an account with a broker, we look for a low minimum deposit. It is important if you are just starting out and don’t have a lot of money to start with. A CFD broker means that traders can make money by trading contracts for differences that are worth more or less than what they are worth. This means that traders can make money by making money by making money by making money by making money by making money by making money.
This means that you can start trading on an FP Markets account with a deposit of just $100. MT4 and raw MT5 accounts must have a minimum deposit of $500. The minimum deposit for accounts on the IRESS platform is $1,000.
FP Markets is an online broker that has several ways to contact you in Spanish for questions, complaints and claims:
- Live chat
- By email
- Via phone
FP Markets customer service is available in multiple languages, including Spanish, which is a plus for Spanish-speaking customers.
FP Markets Demo Account
You can practice your trading strategy and learn how to use the broker’s platform with a demo account. You don’t have to invest real money, but you can use fake money that looks like real money to trade and trade.
When it comes to Forex and CFD trading, Australian brokers have made a name for themselves because they are regulated very well. The FCA and regulation in European countries like Spain are also very strict, making them three of the world’s top three most strict. In this group of brokers, only a few have moved to the Western market. FP Markets is one of the largest in terms of underlying assets, number of clients, and number of platforms, and it has a lot of clients.
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