FP MARKETS RATING -OVERALL SCORE {83.81%} (?)
FP Markets is an ECN/STP broker based in Australia, offering fair spreads, 60 Forex pairs, a wide range of CFD instruments, PAMM accounts, and auto-trading.
■ Deposit Requirements: 100 USD
■ Funding: Cards | Bank Wire | Neteller | Skrill | FasaPay
■ Platforms: MetaTrader-4 | MetaTrader-5| cTrader | MultiTerminal | WebTrader | Mobile Traders
■ Customer Support: English | Arabic | Spanish | Portuguese | Russian | Chinese
» FP Markets Real Account | » Demo Account
FP MARKETS RATING SUMMARY
The following table contains FP Markets's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
26.81% |
|
22.50% |
|
19.75% |
|
14.75.% |
|
83.81% |
| TRADING EXPERIENCE | |
|
81.21% |
|
75.92% |
|
73.43% |
| TRADING STYLE | |
|
75.13% |
|
77.31% |
|
81.84% |
FP MARKETS DETAILED RATING REVIEW
| FP MARKETSFP MARKETS RATING ANALYSIS | ||||
| FP MARKETSFP MARKETS TOTAL RATING | 100.0% | FP Markets | ||
| 83.81% | FULL ANALYSIS | |||
| A. FP MARKETSFP MARKETS SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 26.81% | Rating the FP Markets Safety |
| A.1 FP Markets License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 10.00% | FP Markets is regulated by the CySEC = 6.0% and ASIC= 8.0% | Total = 10.0% (max) |
| A.2 FP Markets Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 4.00% | FP Markets offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating |
| A.3 FP Markets Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 4.00% | FP Markets maintains headquarters in Sydney, Australia = 4.0% |
| A.4 FP Markets Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 5.00% | FP Markets was found in 2005 (15+ years) = 5.0% rating |
| A.5 FP Markets Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | FP Markets provides client bank segregated accounts = 2.5% |
| A.6 FP Markets Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.31% | FP Markets ForexPeaceArmy Rating is 3.1/5.0 | = Total rating is 0.31% |
| A.7 (+) FP Markets ADJUSTING RESULTS | ||||
| A.7.1 FP Markets Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 1.00% | FP Markets handles more than 1 million trading accounts = 1% Rating |
| B. FP MARKETSFP MARKETS TRANSACTION COST | MAX WEIGHT→ | 28.0% | 22.50% | Rating the FP Markets Transaction Cost |
| B.1 FP Markets spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 3.50% | Typical FP Markets EURUSD spread is 1.2 pip = 3.5% rating |
| B.2 FP Markets spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 2.50% | Typical FP Markets GBPUSD spread is 1.6 pips = 2.5% rating |
| B.3 FP Markets spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 3.00% | Typical FP Markets USDJPY spread is 1.46 pips = 3.0% rating |
| B.4 FP Markets Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 7.00% | FP Markets does not charge trading commissions on the tested account type = 7.0% |
| B.5 FP Markets Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 1.50% | FP Markets rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$6.07 | FP Markets rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$3.99 | Total cost in absolute value is $2.08, rating = 1.50% |
| B.6 FP Markets Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 2.00% | FP Markets does not charge withdrawal commissions = 2.0% rating |
| B.7 FP Markets Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 1.00% | FP Markets does not charge Inactive Fees = 1.0% rating |
| B.8 (+) FP Markets ADJUSTING RESULTS | ||||
| B.8.1 FP Markets Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 2.00% | ECN Order Execution Model = +2% rating |
| C. FP MARKETSFP MARKETS TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 19.75% | Rating the FP Markets Options for Traders |
| C.1 FP Markets Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 8.00% | FP Markets Provides 40+ Forex Pairs = 8.0% rating |
| C.2 FP Markets CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | FP Markets offers a wide range of CFD trading products = 2.5% rating |
| C.3 FP Markets CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 0.00% | No CFDs on Futures (at the time of the review) = 0.0% rating |
| C.4 FP Markets Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | FP Markets Provides a free Demo/Practice account = 2.0% rating |
| C.5 FP Markets Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 0.00% | 30:1 max Trading Leverage = 1.0% rating |
| C.6 FP Markets Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 FP Markets Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 0.00% | No Welcome Bonus (Credit Bonus / Not Withdrawable) = 0% rating | |
| C.6.2 FP Markets Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.00% | FP Markets Offers no trade rebates = 0% rating | |
| C.7 FP Markets Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The min. deposit amount is $100 = 2.0% rating |
| C.8 FP Markets Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | FP Markets offers 5+ deposit methods = 2.5% rating |
| C.9 FP Markets Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | FP Markets offers 5+ withdrawal methods = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 0.00% | FP Markets offers 4+ pips minimum stop-out order distance = 0.0% rating |
| C.11 (+) FP Markets ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 60 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.11.3 FP Markets Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.25% | FP Markets offers a Weekly Trading Contest (from time to time) = +0.25% rating |
| D. FP MARKETSFP MARKETS TECHNOLOGY | MAX WEIGHT→ | 16.0% | 14.75% | Rating the FP Markets Technological Efficiency |
| D.1 FP Markets Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 3.00% | FP Markets offers MT4, MT5, and cTrader = 3.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | FP Markets is offering 'Trading-On-Charts' and Autochartist = 1.0% rating |
| D.3 FP Markets Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.25% | FP Markets Slippage on execution is less than 1.5 pip = 0.25% rating |
| D.4 FP Markets Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | FP Markets allows automated trading = 2.0% rating |
| D.5 FP Markets MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | FP Markets offers the MT4 platform = 2.0% rating |
| D.6 FP Markets Mobile Apps | iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points | 2.0% | 2.00% | FP Markets offers an MT4 App for iPhone and Android = 2.0% rating |
| D.7 FP Markets Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | FP Markets allows both Scalping and Hedging = 1.0% rating |
| D.8 FP Markets Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 3.00% | FP Markets offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 3.0% |
| D.9 (+) FP Markets ADJUSTING RESULTS | ||||
| D.9.1 FP Markets PAMM / MAM Accounts | PAMM / MAM Accounts = +0.5% rating | No = 0 % rating | 0.5% | 0.50% | FP Markets is offering PAMM/MAM accounts = +0.5% |
| D.9.2 FP Markets Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.00% | FP Markets is not offering a free VPS hosting service = +0.0% |
| D.9.3 FP Markets API Trading | API trading = +0.5 % rating | No API = 0.0 % rating | 0.5% | 0.00% | FP Markets is not offering API trading = +0.0% |
| TOTAL RATING | 83.81% | |||
FP MARKETS LICENSES AND LEGAL INFORMATION
■ FP Markets is the trading name of First Prudential Markets Pty Ltd, based in Sydney, Australia
■ FP Markets is regulated by CySEC (Cyprus), Registration Number: 371/18
■ FP Markets is regulated by ASIC (Australia), Registration Number: 286354
■ FP Markets is a member of ICF and covers up to 20,000 EUR per client in case of corporate insolvency
■ FOREX RATINGS: ► RoboForex Rating | ► TitanFx Rating | ► FXDD Rating | ► IC Markets | ► FxOpen | ► FP Markets | ► FBS Group | ► AXI Rating
■ COMPARE: » Brokers Directory | » Automated Trading Systems
□ FP Markets Rating Review
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