MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app. The out-of-the-box MT4/MT5 versions remain substandard, but FP Markets offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services. It delivers a competitive edge to traders at FP Markets from a trading platform perspective. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that IC Markets offers better pricing overall for traders. FP Markets offers traders a competitive commission-based cost structure, quality trading tools, deep liquidity, and fast order execution.

Traders should always trade with a regulated broker but ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD. FP Markets operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

FP Markets offers the Iress platform suite for share trading, but MetaTrader is the primary platform option for forex and CFD trading. With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, FP Markets is a great choice for traders who want to use MetaTrader. FP Markets’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2024 Annual Awards. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading.

Latest FP Markets Awards and Accolades

According to five leading user-review and broker ranking sites, FP Markets ranks exceptionally well. Traders should always exercise caution when reading aafx trading review user reviews, especially for overly positive or negative remarks. Our in-house research confirms an excellent FP Markets User Experience.

About FP Markets

The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

FP Markets User Experience

The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods. Swap-free accounts, also known as Islamic accounts, are available upon request. However, you should note that an administration fee applies when positions are kept open for two or more trading days in a row.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. FP Markets is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform. All 4 FP Markets mobile apps are optimized for mobile phones and remain user-friendly. They are ideal for monitoring portfolios on the go, managing existing positions, and copy trading.

Overall, FP Markets is a transparent and trustworthy broker, one of the best out of Australia, and highly competitive globally. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. FP Markets allows you to trade without restrictions on the MetaTrader 4, 5, cTrader and TradingView platforms. It accepts all trading styles, including algorithmic velocity trade trading, scalping and news trading. Easily create your own trading robots, or download third-party apps from online marketplaces.

Each year, we collect thousands of data points and publish tens of thousands of words of research. FP Markets provides traders 71 currency pairs (e.g., EUR/USD) compared to IC Markets’s 61 available pairs. IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

At the time of this review, FP Markets neither provides bonuses nor grants special promotions. Select one or more of these brokers to compare against FP Markets. Read our full explanation and accounting of our research and testing process to learn more about how we test.

1. VPS hosting is available, but minimum requirements exist to receive it free of charge.
2. The multilingual customer support is available in 34 languages, 24/7.
3. Third-party withdrawal charges may apply, but there is no inactivity fee at FP Markets.
4. The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted.
5. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at FP Markets, but without the research and educational content offered by industry leaders.

At FP Markets what you see is what you get, with no hidden terms. What we advertise is what we give our clients, regardless of the size of their investment. FP Markets maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers. From a customer support perspective, FP Markets delivers across the board.

Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos. FP Markets also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more.