Great value spread from 0 pips on the Raw Account type.The ECN/STP execution model allows for extremely fast order execution.The Raw Spread account has a 0 pips starting spread with a $3 per lot commission which is comparatively low while overall these low spreads make the broker a very attractive choice for any and all trading forex and CFDs. The spread in trading here can start from a rock bottom 0 pips depending on your account type choice. All of these are executed at high speed using the ECN/STP execution method. This features more than 50 pairs in total including major, minor, and exotic currency pairs.
Trading forex and CFDs here you will first notice a strong range of forex trading pairs available to select from. Real shares are only available to Australian Traders The spread starts from 0 pips for raw spreads accounts
#Fp markets plus
It will be automatically deleted after 30 days of inactivityįor stockbroking accounts it gets a lot higher, minimum $1000, plus the IRESS monthly fee If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to FP Markets. The table below helps chart some of the main pros and cons in key broker areas. This starts at a low point of $1,000 up to $50,000 depending on your account type so may not be feasible for more casual traders. The minimum deposit on a stockbroking account here is also very high. That would certainly discourage less-experienced traders. The monthly fee you will encounter here is also high at $55 per month to use the IRESS/Viewpoint platform. Starting with downsides of the broker, if you are looking to use the IRESS platform you will find this is only available to Australian traders. Though it is costly to manage, the IRESS service also provides great depth for more experienced traders at FP Markets. This extensive selection is supported by a great low-fee environment that is ideal for the casual trader with no inactivity fee charged at all. Pros and Cons ProsĪt FP Markets, one of the major positives is the fact you will have a wealth of assets to choose from in trading. They are further secured by offering negative balance protection, segregated accounts, and ICF insurance coverage to EU traders. When it comes to physical presence, they do only have two offices internationally but continue to offer great service worldwide including in Australia where, as a high volume stock trader you can benefit from specific accounts and features for stockbroking. You will also find a wide variety of account types here to fit every need. To back up their trusted reputation the broker has won more than 30 awards over the years. With more than 10,000 assets and different execution methods available, FP Markets is perfect for a range of traders. ( 74-89% of retail CFD accounts lose money)įP Markets is both an ECN/STP and DMA broker with spreads from 0 pips, regulated by both CySEC, and ASIC and very well known for its IRESS stockbroking service (not available outside Australia) and its wide range of assets. This can help you see exactly what they have to offer. With that in mind, you can take advantage of an excellent demo account offered by FP Markets. There are many things to consider when starting out with a broker.
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