FP Markets Review

FP Markets has fairly low costs while using the MT4 platform.

Forex and CFD traders will find that research is not one of the stronger points at their brand.

FP Markets pros & cons

Pros

• Founded in 2005, FP Markets is regulated iby a couple of different regulators for trading forex and CFDs.

• FP Markets offers the MetaTrader and cTrader platforms, along with ultra-competitive spreads available by way of its commission-based Raw ECN account.

• FP Marketsis sstrong in it's commission based accounts.

• FP Markets provides access to the Iress platform suite which offers over 10,000 tradeable assets.

Cons

• FP Markets’s new mobile app is a welcome addition but still weak when compared to other leading apps.

• FP Markets’ educational content is not particularly strong, though it has improved year after year with the introduction of podcasts and more articles.

• Data fees can add up quickly unless you are an active trader or maintain a high-balance account.

• FP Markets’ Social Trading portal is compatible with MetaTrader 4, but again not as good as other leading copy trading platforms.

Commissions and fees

FP Markets - its commission-based ECN account offering are good. The Iress ViewPoint account option is for those who can hold a high balance in their account .

Standard versus Raw ECN account: FP Markets’ Raw ECN account offers average spread of 0.1 pips and regular accounts averaging 1.2 pips for EUR/USD. commission-based Raw account, which has a flat rate of $6 for open a trade or close a trade for 1 lot trades.

Iress ViewPoint Accounts (Australia): The FP Markets Iress platform offers standard premium and premier accounts.

Iress Investor Account (Australia): If you can’t afford the ViewPoint account, then pass on Iress Investor.