Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe. The absence at FP Markets lowered the overall score, as only Australian traders have access to a well-regulated and highly competitive trading environment.įounded in 2005, FP Markets is an experienced broker with a clean track record. They are available and implemented by other brokers.

Clients must rely solely on the reputation of FP Markets, as no additional measures exist to ensure client protection. Vincent and the Grenadines are unregulated. Traders should not confuse this setup, as all brokers out of St. Vincent and the Grenadines Financial Services Authority (FSA), but brokers remain unregulated in that country. This unit remains registered as an international business company (IBCs) with St. All global clients will deal with First Prudential Markets LLC, an unregulated entity with the least client protection. The cost is suboptimal trading conditions, which may impact on trading performance. EEA traders get an investor compensation fund limited to €20,000 per client. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme).įirst Prudential Markets LTD is the entity authorized by the Cyprus Securities and Exchange Commission (CySEC), also a Tier-1 regulator, but since 2018 also home to the least competitive trading environment. 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 will deal with the subsidiary regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD, which remains the best Tier-1 regulator operational. Traders should always trade with a regulated broker but also ensure that the trading environment remains competitive. Vincent and the Grenadines (Unregulated entity, no additional protective measures, which exists, taken by FP Markets, but excellent FP Markets reputation) Investing in social trading represents an intelligent management decision and shows a fluid broker seeking to offer the best services to clients. The latest development of the in-house social trading service at FP Markets introduced it to the resurgence in demand from retail traders for this sub-sector of trading. Headquarters Australia Regulated CySEC, ASIC Year Established 2005 Execution Type ECN/STP Minimum Deposit $100 Trading Platforms(s) MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based Signals US Persons Accepted? Islamic Account Segregated Account Managed Accounts Support Hours 24/5 Customer Support Demo AccountįP Markets offers a range of value-added services, consisting of VPS hosting for automated trading solutions, the MT4 Myfxbook service for copy trading, and the MT4 MAM/PAMM module for retail account management. We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at FP Markets.įP Markets Snapshot - ECN trading with leverage up to 1:500

The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. Founded in 2005 in Australia, FP Markets grew into a trusted brand over the past 15+ years with more than 100 employees. A social trading broker with its proprietary CrowdTrading platform.įP Markets is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries.

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