FP Markets Review
First Prudential is a CFD and forex broker with a lot of longevity in the industry. You can access more than 10,000 CFD products and raw, tight spreads that start at 0.0 pips.
Please note: We performed our tests with a Standard Account, using MetaTrader 5, at the European entity of FBS (fbs.eu) in December 2022.
The Big Picture
FP Markets is a good broker to consider. They offer more than 10,000 instruments across Stocks, Indices, Forex, Commodities and Cryptocurrencies with a simple to use mobile app and wide range of account types. While most entities are regulated by tier 1 regulators, one entity isn’t regulated at all.
We found a good range of account types for both beginner and advanced traders to trade on more than 10,000 instruments covering Forex, Stocks, Commodities, Indices and Cryptocurrencies.
The desktop and web platforms are mainly geared toward advanced traders but the mobile app was simple to use. Customer support was fast but the response from the agent could have been better.
FP Markets Key Takeaways for 2021
Score: 8.0- In this FP Markets review, we evaluated the broker according to 9 different categories. The broker scored the highest in Fees, Research, Education, Trading Platforms and Tradable Instruments.
- FP Markets offers the highest level of investor protection through the entities regulated by CySEC and ASIC.
- The international entity is unregulated and is merely a company formed offshore in St. Vincent and the Grenadines providing lower investor protections.
- Beginner traders will enjoy the commission-free, low spread trading accounts which provide access to more than 10,000 instruments from a very simple to use mobile trading app.
- Advanced traders will enjoy the commission-based ECN account providing access to raw spreads, as well as the Direct Market Access option for its share CFDs from professional platforms MetaTrader 5 and IRESS
FP Markets Key Takeaways for 2021
- In this FP Markets review, we evaluated the broker according to 9 different categories. The broker scored the highest in Fees, Research, Education, Trading Platforms and Tradable Instruments.
- FP Markets offers the highest level of investor protection through the entities regulated by CySEC and ASIC.
- The international entity is unregulated and is merely a company formed offshore in St. Vincent and the Grenadines providing lower investor protections.
- Beginner traders will enjoy the commission-free, low spread trading accounts which provide access to more than 10,000 instruments from a very simple to use mobile trading app.
- Advanced traders will enjoy the commission-based ECN account providing access to raw spreads, as well as the Direct Market Access option for its share CFDs from professional platforms MetaTrader 5 and IRESS
FP Markets Key Takeaways for 2021
- In this FP Markets review, we evaluated the broker according to 9 different categories. The broker scored the highest in Fees, Research, Education, Trading Platforms and Tradable Instruments.
- FP Markets offers the highest level of investor protection through the entities regulated by CySEC and ASIC.
- The international entity is unregulated and is merely a company formed offshore in St. Vincent and the Grenadines providing lower investor protections.
- Beginner traders will enjoy the commission-free, low spread trading accounts which provide access to more than 10,000 instruments from a very simple to use mobile trading app.
- Advanced traders will enjoy the commission-based ECN account providing access to raw spreads, as well as the Direct Market Access option for its share CFDs from professional platforms MetaTrader 5 and IRESS