fxtremes extraordinary forex broker comparison

FP Markets

Since 2005

Regulations

ASIC, Australia (286354); CySEC, Cyprus (371/18); FSCA, South Africa (50926); FSA, Seychelles (SD 130); CMA, Kenya (103); St. Vincent & the Grenadines (126 LLC 2019)

Trading Platforms

MT4, MT5, cTrader, TradingView, Iress

Headquartered in Sydney, Australia, FP Markets is an online broker that offers a wide range of instruments in forex, CFDs, indices, commodities, ETFs and cryptos.

Clients benefit from segregated accounts in AA-rated Australian banks, negative balance protection and a European investor compensation fund up to €20,000 for EU clients.

Deposit & Withdrawal: Credit/debit cards, bank wire transfers, PayPal, Neteller, Skrill, FasaPay, SticPay, Dragonpay, Perfect Money, Rupee Payments, cryptocurrencies

Review Consensus: Traders enjoy its low-cost ECN pricing, broad market access and speed of trade execution. Customer service is described as responsive and available 24/7. Criticisms are minor and include no fixed-spread account options, occasional withdrawal times for some channels. While it lacks FCA regulation and cent accounts, FP Markets is widely regarded for its reliability.

Unique Features

  • Strong emphasis on social trading through MetaTrader and Myfxbook AutoTrade.
  • Access to over 10,000 tradable instruments across various asset classes.
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