SM Capital Markets Review Is It A Legit Forex Broker

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Capital Markets: игра в трейдинг с печальным финалом

Трейдинг с Capital Markets — это прекрасная возможность слить свои деньги в унитаз. Если вам некуда деть кровно заработанные, сделайте подарок вышеназванному брокеру. Для этого достаточно пополнить депозит на его платформе и забыть о нем навсегда. Конечно, вы можете попробовать поторговать, мошенник с радостью поиграть с вами в «Кошки-мышки», но вы будете съедены, точнее ваши деньги, а с ними и часть нервных клеток. Не будем нагнетать, а будем сыпать фактами. Почему же мы с такой уверенностью называем Capital Markets мошенником?

Родители Capital Markets — брокера без лицензии

Capital Markets — ECN-брокер, который не имеет лицензии. То есть компания и ее деятельность не контролируется регулирующими органами. А это означает, что брокер делает, что ему вздумается и за свои деяния ни перед кем не отвечает. Кто стоит за плечами лохотрона? Capital Markets — детище трех родителей:

Varalen Capital Markets LLC — компания зарегистрирована в США, в Нью-Йорке по адресу 30 Wall Street, 8th floor, New York, NY 10005-2205, регистрационный номер: 5263705;

Varalen CM LTD — компания зарегистрирована на Маршалловых Островах по адресу Trust Company Complex, Ajeltake Road, Ajeltake island, Majuro, регистрационный номер: MH96960;

Varalen CM Limited — компания зарегистрирована в Великобритании по адресу Kings Avenue, London, UK, N21 3NA, регистрационный номер: 11426492.

Ни одна из названных компаний не имеет лицензии. Во всяком случае на сайте о них упоминаний нет.

Аферист уверяет, что имеет штаб-квартиру в Гонконге. Адрес: 737, Exchange Square Two, 8 Connaught place, Central. Это ложь! Горе-брокер хвалится, что гонконгский офис возглавляет некий М. Батчер, который ранее проявил себя в работе токийским гигантом Sumitomo Mitsui Financial Group и сингапурским холдингом DBS Bank. Возможно М. Батчер и имел отношение к вышеобозначенным финансовым титанам, проверить сложно, равно как и факт возглавления гонконгского офиса этим самым Батчером. Придется не верить мошеннику на слово. Именно не верить, потому что он врет и даже не стесняется! Жулик приписывает себя мнимые офисы и наличие солидных кадров в управлении, чтобы запудрить мозг потенциальным жертвам. Ведь если бы у Capital Markets все было так классно, как он рассказывает, то почему бы ему не получить лицензию?!

Capital Markets и его «многочисленные» клиенты

Лохотрон пафосно называет себя ведущим брокером и приписывает себе многотысячную армию верных трейдеров-фанатов. Действительно Кэпитал Маркетс очень популярен? Проверяем и видим, что в день сайт посещает 110 человек. Не факт, что все они становятся клиентами. Так что заявление афериста о невероятной востребованности явно преувеличено. Мошенник хочет создать видимость респектабельности и доверия со стороны трейдеров. Нужно сказать, что ему это отчасти удается. В ловушку лохотрона попадаются не только новички, но и прожженные трейдеры.

Брокер всеми силами пытается убедить потенциальных жертв, что он обслуживает клиентов по всему миру. Сайт на двух языках: английском и китайском служит дополнительным подтверждением международной ориентации лохотрона. Плюс к этому юридические документы на английском языке и даже липовые офисы в разных странах имеются! Не ведитесь на этот дешевый развод. Проверка показала, что 100% клиентов афериста — россияне.

Capital Markets заманивает клиентов через «ФинИст»

Брокер-разводило привлекает клиентов по-умному, через так называемый финансовый институт «ФинИст». Это заведение, в котором обучают трейдингу. Естественно, делают это платно. Стоимость курсов в институте колеблется в пределах от 5 000 до 60 000 рублей. «ФинИст» имеет лицензию департамента образования Москвы. Основатель организации — Морозов Е.М.

Институт привлекает желающих обучиться трейдингу, берет деньги, обучает, ну как обучает, дает азы и отправляет практиковаться. Куда бы вы думали? Совершенно верно, в Capital Markets. В сети гуляет неподтвержденная информация о том, что наш лохотрон — это детище вышеупомянутого учебного заведения. Проверить эти сведения очень сложно, да и не нужно. Достаточно знать, что Кэпитал Маркетс — чистой воды мошенник, а если «ФинИст» рекомендует его своим ученикам, значит у него также рыльце в пушку. Брокер Трибунал рекомендует держаться подальше и от института, и от его протеже — лохотрона Capital Markets.

Схемы развода Capital Markets

Обучение трейдингу в финансовом институте — это прелюдия к разводу, сам развод начинается, когда довольные клиенты, прошедшие курс по трейдингу, попадают в лапы Кэпитал Маркетс. Аферист выуживает деньги постепенно, предлагая жертвам сперва испытать свои силы на демо-счете. Пополнять депозит своими деньгами не нужно, брокер предоставляет в пользование виртуальную валюту. В чем подвох? Учебный счет настроен так, чтобы трейдеры выигрывали. Это внушает им уверенность в себе и позволяет мошеннику быстрее раскрутить клиентов на открытие депозита с реальными деньгами. Кстати, минимальная сумма взноса на сайте не указана.

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Когда клиент вносит деньги на счет, начинается театральное представление. Аферист прикрепляет к жертве консультанта, который активно дает ей советы по поводу трейдинга. Забегая вперед, хочется сказать, что мошенник не будет отвечать за ущерб, понесенный трейдерами, после применения представляемых консультантами советов. Сие прописано в пользовательском соглашении и обжалованию не подлежит!

Сначала жертве дают выигрывать, точнее рисуют выигрыши, а в реальности никакого трейдинга нет. Все заключаемые сделки — фейк, сумма на счету увеличивается не по-стоящему. Весь этот театр помогает выманивать у трейдеров деньги. После пары-тройки «успешных» сделок консультант предлагает сыграть по-взрослому, но для получения солидной прибыли нужно увеличить депозит. Если у жертвы нет денег, ей предлагают взять кредит, мотивируя тем, что сделка точно будет успешной, а полученная прибыль не только перекроет кредит, но и позволит жить чуть ли не в роскоши. Есть те, кто на все это ведется. Доверчивые клиенты одалживают деньги у родственников, берут займы в банках — и в итоге остаются ни с чем. Развод подается под приличным соусом: якобы сделка оказалась проигрышной и жертва сама виновата. Вы же помните, брокер дает советы, но ответственность за них не несет.

Это одна схема. Следующая выглядит так: клиенту дают выигрывать, рисуют на счету прибыль, а когда он решит вывести кровно заработанные, требуют уплаты комиссии. Это может быть комиссия за услуги консультанта или персонального аналитика. Также деньги сдирают под предлогом уплаты мифических штрафов. Каких штрафов? Самых разных. Вы даже не представляете, какая у брокера фантазия, он придумает повод — не подкопаетесь. Возможно, вместо комиссии или штрафов от трейдера потребуют уплаты страхового сбора. Вариаций много, но главное ничего не платить, потому что депозит все равно вывести не получится. А цель всех этих поборов — получить от жертвы как можно больше денег и легализовать мошенничество.

Когда воришка не желает заморачиваться, он просто блокирует доступ клиента к своему аккаунту. И все! Предлог придумывать не нужно. Все расписано в пользовательском соглашении. Дело в том, что брокер имеет право без объяснений и предупреждений разорвать сотрудничество с трейдером в одностороннем порядке. То есть сейчас вы зашли на сайт в личный кабинет, а через час уже не можете — доступ заблокирован. А как же деньги на счету? Вы подарили их аферисту! Он вам за это благодарен.

Мы писали выше, что клиенты приходят в Capital Markets по рекомендации «ФинИст», но брокер и сам способен заманивать трейдеров. Он ищет наивных жертв в социальных сетях, на сторонних сайтах и начинает третировать письмами и звонками, которые обязательно сопровождаются фантастическими историями успеха, сказками о невероятных возможностях и тому подобной ересью. Атаки консультантов приносят плоды, некоторые жертвы ведутся на развод и открывают депозит. Дальше все идет по накатанной: успешный трейдинг, уговоры пополнить депозит на большую сумму, а потом разорение на убыточной сделке или блокировка аккаунта.

Развод «по-белому» от Capital Markets

На все претензии обворованных трейдеров у мошенника есть отмазка: пользовательское соглашение. Оно составлено так, чтобы защитить брокера от ответственности за свои злодеяния и переложить вину на жертву. Все схемы развода узаконены в документе, прочитайте его перед началом сотрудничества с аферистом, и у вас пропадет желание открывать депозит.

В юридическом документе написано, что брокер не несет ответственность за перебои в работе технического оборудования, в частности платформы MetaTrader 5, которая используется для трейдинга.

Информация на сайте не может рассматриваться как руководство к действию. Если клиент воспользовался аналитическими данными или советом консультанта и проиграл, это его проблема.

В соглашении брокер узаконил пункт о форс-мажорных обстоятельствах, которые могут стать причиной изменения условий проведения сделки, аннуляции сделки или даже закрытия платформы.

В общем, изучите документ, найдете много интересного!

Пять фактов, которые указывают, что Capital Markets — лохотрон

Брокер не имеет лицензии от финансового регулятора.

Сайт жулика примитивный, вместо полезной для трейдеров информации наполнен хвалебными одами и высокопарными комплиментами самому себе.

Мошенник придумал несуществующие офисы в Великобритании, США, Гонконге и на Маршалловых островах.

Пользовательское соглашение не защищает интересы клиентов.

Брокер не несет никакой ответственности перед трейдерами.

Если вы все же попались в ловушку вора, не ищите справедливости через техподдержку. Она не работает. Вы можете позвонить по одному из указанных на сайте номеров и даже дозвониться, но помощь вам не предоставят. Ведь Capital Markets заинтересован в получении ваших денег. Лохотрон ради этого и создан!

Мошенники из Capital Markets не возвращают Ваши деньги?

Узнайте как можно вернуть Ваши денежные средства с мошеннической компании Capital Markets. Опишите возникшую ситуацию и наши эксперты ознакомят Вас с вариантами возврата денег.

Проект БрокерТрибунал появился в интернете летом в 2020 году и представляет собой площадку для размещения отзывов и мнений трейдеров о форекс брокерах. Цель проекта – пролить свет на деятельность инвестиционных компаний, которые не выполняют взятые на себя обязательства перед своими клиентами, вводя их в заблуждения.

Писать статьи и оставлять отзывы может каждый Пользователь, достигнувший 18 летнего возраста.

БрокерТрибунал не отвечает за информацию и предложения, размещаемые Пользователями на Сайте

Markets.com review

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

Indigo, MT5, Webtrader, MobileTrader IOS/Android

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

When choosing your Forex broker, Markets.com can certainly catch your eye. First of all, it is a broker with years of history, hence there is a plenty information available about the company, and its long-lasting history in the retail FX market suggests that Markets.com can be trusted. Next to this, Markets.com truly enables its traders to access all of the possible markets in the form of CFDs – currencies, cryptos, stocks, energies, metals, bonds, and many more. Let’s continue with this Markets.com review and see in-depth details about the brokerage.

If you are a trader from South Africa – read this Markets.com review

Markets.com company information

Markets.com website is operated by the Safecap Ltd, a daughter company of Playtech PLC. Considering that Playtech PLC is a component of FTSE 250, it does give us an idea that Markets.com is not a brand that may disappear out of the blue. There is a strong financial backbone as well as technological, as Playtech has conducted a number of acquisitions in the Retail and Institutional FX industry.

Playtech has been founded in the year 1999, and it has acquired TradeFX (a previous owner of Markets.com) in 2020. Since then, the brokerage has received a number of updates, especially in terms of the available trading assets.

If we look up the history of markets.com website, we can clearly see that the brokerage has been operating since 2020. However, it does seem like before that, the company’s website was accessible through gfcmarkets.com since 2020. This gives us a clue that markets.com reviews already started happening more than 8 years ago.

Markets.com review of the trading conditions

At Markets.com you can trade all of the possible assets. The conditions are rather ok, with spreads starting from 2 pips on EUR/USD and averaging 3 pips for other major currency pairs. The leverage is up to 300:1 (T&C Apply) for all of the majors and other assets’ leverage is quite decent too.

Markets.com cryptocurrency trading

Considering the popularity of the cryptocurrency trading, we would like to give it a separate section at our Markets.com review. This brokerage offers CFDs on six different cryptos.

The contracts for every cryptocurrency (except the Bitcoin) expire every 10 hours, and the Bitcoin CFDs expire every 24 hours.

Considering that most of the FX and CFD brokers do not offer leverage for cryptos, Markets.com clearly stands out here with its leverage of up to 5 to 1 (T&C Apply). For most of the cryptos.

Is Markets.com legit?

Yes, it certainly is. Markets.com is regulated by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license no. 092/08. While it is clear that the regulation alone does not make a broker legitimate, you may ask yourself – “Is Markets.com a scam?”, and the answer is quite obvious here too – it is not. The company has been operating for nearly a decade, and it has a strong financial backbone provided by the Playtech PLC.

Markets.com extra features

This brokerage lets you access the financial trading world through two types of the platforms – MetaTrader 5, the world’s most popular FX trading platform, and its own proprietary trading software. Besides that, Markets.com offers you a vast number of webinars, an extensive and helpful support center and a 24/5 live chat support. The website is available in 12 languages and the registration is quite fast as you may connect your Markets.com account with your Facebook or Google accounts.

Markets.com review summary

Markets.com offers a great selection of the trading instruments and it also lets you access the markets through two different trading platforms. Besides that, the company is fully regulated and has been operating for more than eight years. While it does not offer the best possible trading conditions, it is worth noting that it provides some excellent services.

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

Broker vs. Market Maker: What’s the Difference?

Broker vs. Market Maker: An Overview

There are many different players that take part in the market. These include buyers, sellers, dealers, brokers, and market makers. Some help to facilitate sales between two parties, while others help create liquidity or the availability to buy and sell in the market. A broker makes money by bringing together assets to buyers and sellers.

On the other hand, a market maker helps create a market for investors to buy or sell securities. In this article, we’ll outline the differences between brokers and market makers.

Key Takeaways

  • Brokers are intermediaries who have the authorization and expertise to buy securities on an investor’s behalf.
  • There are full service and discount brokers depending on the level of service a client needs.
  • Market makers are typically large banks or financial institutions.
  • Market makers help to ensure there’s enough volume of trading so trades can be done seamlessly.

Broker

In the financial world, brokers are intermediaries who have the authorization and expertise to buy securities on an investor’s behalf. The investments that brokers offer include securities, stocks, mutual funds, exchange-traded funds (ETFs), and even real estate. Mutual funds and ETFs are similar products in that they both contain a basket of securities such as stocks and bonds.

Brokers are regulated and licensed. Brokers must register with the Financial Industry Regulatory Authority (FINRA) while investment advisers register through the U.S. Securities and Exchange Commission (SEC) as Registered Investment Advisors or RIAs. Brokers have an obligation to act in the best interests of their clients.

Many brokers can also offer advice on which stocks, mutual funds, and other securities to buy. And with the availability of online trading platforms, many investors can initiate transactions with little or no contact with their personal broker. Although there are various types of brokers, they can be broken down into two categories.

Full-Service Brokers

Full-service brokers provide their clients with more value-added services. These services may include consulting, research, investment advice, and retirement planning. Many brokers provide trading platforms, trade execution services, and customized speculative and hedging solutions with the use of options contracts. Options contracts are derivatives meaning they derive their value from an underlying asset. Options give investors the right, but not the obligation to buy or sell securities at a preset price where the contract expires in the future.

For all of these services, investors usually pay higher commissions for their trades. Brokers also get compensation based on the number of new accounts they bring in and their clients’ trading volume. Brokers also charge fees for investment products as well as managed investment accounts. Some brokers cater to high-net-worth clients with assets of $1 million or more.

Discount Brokers

With advancements in technology and the internet, online brokerage firms have experienced an explosion of growth. These discount brokers allow investors to trade at a lower cost, but there’s a catch; investors don’t receive the personalized investment advice that’s offered by full-service brokers.

The reduced commission can range from approximately $5 to $15 per trade. The low fees are based on trading volume, and since there’s no investment advice, employees of online brokers are usually compensated by salary instead of commission. Many discount brokers offer online trading platforms, which are ideal for self-directed traders and investors.

Market Maker

Market makers are typically large banks or financial institutions. They help to ensure there’s enough liquidity in the markets, meaning there’s enough volume of trading so trades can be done seamlessly. Without market makers, there would likely be little liquidity. In other words, investors who want to sell securities would be unable to unwind their positions due to a lack of buyers in the market.

Market makers help keep the market functioning, meaning if you want to sell a bond, they are there to buy it. Similarly, if you want to buy a stock, they’re there to have that stock available to sell to you.

Market makers are useful because they are always ready to buy and sell as long as the investor is willing to pay a specific price. Market makers essentially act as wholesalers by buying and selling securities to satisfy the market—the prices they set reflect market supply and demand. When the demand for a security is low, and supply is high, the price of the security will be low. If the demand is high and supply is low, the price of the security will be high. Market makers are obligated to sell and buy at the price and size they have quoted.

Sometimes a market maker is also a broker, which can create an incentive for a broker to recommend securities for which the firm also makes a market. Investors should thus perform due diligence to make sure that there is a clear separation between a broker and a market maker.

Some examples of the bigger market makers in the industry include BNP Paribas, Deutsche Bank, Morgan Stanley, and UBS.

How Market Makers Make Money

Market makers charge a spread on the buy and sell price, and transact on both sides of the market. Market makers establish quotes for the bid and ask prices, or buy and sell prices. Investors who want to sell a security would get the bid price, which would be slightly lower than the actual price. If an investor wanted to buy a security, they would get charged the ask price, which is set slightly higher than the market price. The spreads between the price investors receive and the market prices are the profits for the market makers. Market makers also earn commissions by providing liquidity to their clients’ firms.

Brokers and market makers are two very important players in the market. Brokers are typically firms that facilitate the sale of an asset to a buyer or seller. Market makers are typically large investment firms or financial institutions that create liquidity in the market.

FP Markets Review

Our FP Markets review investigates a broker that has successfully established itself as one of the leading CFD brokers in the industry. When it comes to Australian founded brokers they tend to go above and beyond to deliver a trading experience that is rich, smooth and reliable.

There are many reasons to work with FP Markets. They offer a selection of industry-leading platforms, give access to over 10,000 assets (including cryptocurrencies, equities, futures, Forex, indices, metals, and stocks through CFDs), and their spreads are tight, starting at just 0:0 pips for their ECN account.

Beginners can take advantage of a wide selection of educational resources, while intermediate traders are well served with their market reviews and advanced charting options.

Read on to discover everything this industry-leading broker has to offer you.

  • Outstanding customer support, which is efficient and helpful
  • Access to both ECN trading and the standard market maker model
  • 13,000 + assets – FX, Stocks, Indices, Metals, Equities, Commodities, Cryptocurrencies and Futures
  • Excellent educational resources for both beginners and intermediates
  • Limited MT4/MT5 account types available in a one-size-fits-all approach

Company information

FP Markets or First Prudential Markets have built up quite a name for themselves fairly quickly. They have been operational since 2005 and in that time have won over 35 awards.

It is important to note here that in this industry, awards can often be taken with a pinch of salt as they are often based on the broker paying the publisher. However, FP Markets has managed to garner awards from very reputable publishers, including names like Money Magazine and Smart Investor.

FP Markets online broker is operated by three companies, one of which is regulated in Australia, one which is regulated in Cyprus, and the third which is based out of St. Vincent & The Grenadines – this is the unregulated brand. This structure entitles the broker to work in both the Eurozone, across Australia, and in regions that opt to work with unregulated brokers.

FP Markets regulation and licensing

FP Markets has become a well-established broker in the Forex market and has been operating out of its Sydney headquarters for the past 15 years. Although FP Markets is primarily an Australian FX & CFD broker, traders can opt to look at either the ASIC version of the website, the CySEC version or the International version.

Due to regulatory restrictions, FPMarkets may not be able to operate in select markets such as Japan, the United States, and other countries, but with a relatively clean record, the company is one of the most trusted brokers in the market.

FP Markets online forex broker is operated by a firm that is regulated by the Australian Securities and Investments Commission (ASIC), a regulator that is known for taking strict action against any scam brokers. ASIC is highly proactive in their efforts, which ensures that all Australian financial companies adhere to an ethical code of conduct. This applies to both domestic and international clients. Australian investors are protected by various laws that are implemented by the ASIC, along with some of the best auditing practices that ensure complete financial transparency.

Additionally, the Cyprus-based arm of the firm is regulated by CySEC, a well-known regulator for CFD and FX brokers. CySEC regulation is accompanied by an investor compensation scheme which protects investors deposits up to a certain limit should the broker become insolvent.

Traders can also find a detailed set of policies and terms of use that display the broker’s intention towards providing a fair, orderly, and transparent service. FP Markets outlines the conflict of interest policy, its Direct Market Access trading approach, and all the risks associated with an FP Markets account.

Account types

MT4 and MT5 Account types

Our FP Markets review 2020 experts have seen that the broker offers two different types of trading protocols, the CFD model and the DMA model.

The CFD protocol is primarily a market maker that uses automated dealing desks to match orders internally or by hedging positions against other market players. With CFDs, market makers can manipulate the markets according to demand and supply. Additionally, market makers take the other side of the trade to the broker, which may be considered a conflict of interest.

The DMA protocol, also known as Direct Market Access trading, sends all orders directly to the liquidity provider, which in this case is the ECN or Electronic Communications Network, where the broker or any intermediary does not have the option to manipulate the orders or hedge against traders’ positions. DMA trades are also relatively free of any conflict of interest, where order executions are faster and more accurate.

MAMM/PAMM & VPS

Money managers can access MAMM/PAMM accounts through the MetaTrader platforms. Conditions are generous here. Meanwhile, the free VPS service is also a great added value feature for automated trading strategies, rendering better protection against downtime and latency issues.

A wide range of account types

Since the FP Markets online forex broker offers different financial products, there are a total of five different account types, each suited to a category of trader. For trading products such as Forex, commodities, metals, and indices, traders are offered an option of three different account types, the Standard, an ECN raw account or an Islamic account, with a minimum investment requirement of $100 (both AUD or equivalent base currency).

Both accounts are offered with a maximum FP Markets leverage of 1:500, which seems to be the maximum leverage offered by most Australian Forex brokers. The minimum trading volume starts from 0.01 lot, which allows traders to have better control over their trade management and investing strategies .

The Standard is the one size fits all account for all levels of trader. With this account, traders will be charged spreads rather than commissions.

The RAW account for MT4 and MT5 gives ECN access to traders and this direct connection to the Electronic Network means traders will pay commissions rather than wider spreads. Commissions start at $3 per trade and spreads start at 0 pips.

Islamic accounts are also available. These accounts are designed for traders who cannot pay or receive overnight swaps or interest due to religious reasons. To request an Islamic account with FP Markets, you’ll need to first open a MetaTrader platform account. You can then request for it to be converted into an Islamic account.

IRESS Platform Accounts

ASIC traders will also have access to the proprietary IRESS platform to have access to the stocks and indices market. Here, there are three different account categories, (Standard, Platinum, and Premier) which start with a $1000 initial investment.

The base Professional account that is available for $1000 deposit offers access to more than 10,000 assets at a commission rate of $10 minimum and then 0.1% of the transaction amount. There are also other account and trading specific charges, which are outlined in greater detail in the below section of this review of FP Markets forex broker.

The Platinum and Premier accounts offer reduced fees for trading, but at the expense of an initial deposit capital of $25,000 and $50,000 respectively. FP Markets accounts are designed to suit the requirements of different types of traders, so there’s an account package that suits everyone.

The minimum deposit on the IRESS platform starts at $1000 and jumps up to $25,000 on the Platinum Account or $50,000 on the Premier account.

Demo trading

Traders can have access to a demo account for each of the main platform types. They are given $100,000 virtual funds to trade with. Demo trading is an excellent way to try out the platforms or to test out strategies before committing real capital.

FP Markets trading costs

FP Markets online broker spreads are very competitive, for both Standard and ECN RAW accounts. Nominal spreads start from just 1 pip, without any commission for the regular market maker products. The spread is reduced to 0 for ECN accounts, where the commission starts from $3(international)/$3.5 (ASIC) per 100,000 traded. The commission is on par with the industry standards, especially since the commission is charged in Australian Dollars.

We have reviewed other Australian brokers before this FP Markets broker review that offer ECN accounts through cTrader platforms at just $150. That makes the FP Markets ECN account highly expensive at a $1000 starting deposit. Regardless, all other account features and specifications are fascinatingly competitive, which makes up for the slightly higher investment barrier to the ECN account.

For the IRESS platform, commissions start at $10 min, this then moves to 0.1% of the trading volume for the Standard. Again, this is in line with the competition.

Other fees and charges

  • With regards to deposit fees, traders are charged 0% for most payment methods and the FP Markets online forex broker covers withdrawal fees too, except for international bank wire and IRESS credit card deposits.
  • Rollovers are incurred for overnight positions at FP Markets relevant currency base rate, plus 3% – 4% for both long and short positions.
  • Traders are not charged for use of the MetaTrader 4/5 nor the IRESS Mobile version. However, for IRESS Trader/ViewPoint trader there is a $55 monthly fee.
  • It is worth noting that traders can access financing for the IRESS account types, which is charged at 4% for the Standard account, 3.5% for Platinum and 3% for Premier.

FP Markets payment methods

FP Markets accepts multiple payment methods for depositing and withdrawing funds. Payment methods include Bank wire, credit/debit cards, China UnionPay, PayPal, Polipay, Fasapay, Paytrust99, Ngan Luong, Online Pay, Broker to Broker, Neteller , Skrill , and BPAY.

Incidentally, the broker even allows you to transfer your funds to FP Markets from your existing broker. If you are not sure about the reliability of your current broker, consider withdrawing the funds to your e-wallet or a bank account and then deposit your funds into your FP Markets online broker account.

Once you have deposited funds into your trading account, FP Markets moves all the money into a segregated account as instructed in the ASIC and CySEC guidelines. Such funds are kept in top tier banks. Routine audits by independent agencies also help in ensuring that FP Markets do not misuse the funds in any manner.

As for the withdrawal of your funds, FP Market will process your withdrawal request within 24 hours, with the funds reaching your account within a few days.

FP Market trading bonuses

Our FP Markets review experts were happy to see that this broker complies with local regulatory requirements and therefore offers no trading bonuses or promotions. As the saying goes, “there is no such thing as a free lunch” and that is certainly true with brokers. Those who claim to offer welcome bonuses often hide the fact that they come with a whole list of minimum trading requirements, which entirely negate the purpose of the bonus.

In terms of added value, the broker confers a referral bonus under their Refer-A-Friend program and also offers full VPS reimbursement. All Forex trading account holders are eligible for a free VPS, which is an excellent promotion offered by the company. VPS, or Virtual Private Server access, allows traders to connect their accounts and platforms to the markets via a 24 hours private server, ensuring around the clock access with no downtime. VPS is an excellent tool for EA users.

FP Market trading platforms

MT4/MT5

Review of FP Markets’ trading platforms showed that it offers both the MetaTrader 4/5 and the IRESS interface. Many traders like to use the MT4 and the MT5 terminal, which grant access to FX, commodities, indices, and metals. The MetaTrader is an installable platform that is available for both Windows and macOS users. There is also a WebTrader version for those who prefer not to install software, but rather to trade through a web browser. The MT4 version is the more popular version and is still more widely adopted than the MT5 platform. However, MT5 is the evolved version that offers more functionality. Both versions (but not the WebTrader) come with access to Expert Advisors (EA’s) which is how traders will automate trading through the platform directly.

FP Markets offers an unusual add-on product through MT4, which is the Trader Toolbox. This is a useful collection of 12 online trading tools that comprises of features like the economic calendar, sentiment trader and other traders’ tools.

IRESS

The IRESS Trader is a browser-based trading interface that works on the HTML5 architecture for the best compatibility with all modern browsers. The IRESS platform is used to access the equities market and offers a highly customizable interface that is intuitive and easy to use. The IRESS interface offers advanced charting tools, real-time data, technical indicators, drawing tools, multiple timeframes, module linking, and complete chart customization. The charting interface also allows the trader to compare the price action of two different instruments, which helps in analyzing the underlying market trends.

Mobile compatibility

Our FP Markets review team is pleased to see that they offer three trading platforms that are compatible with mobile devices. The MT4 and the MT5 terminals have dedicated apps for iOS and Android operating systems, which serve as the default FP Markets mobile trading platform. The IRESS Trader is a browser-based platform that is compatible with both desktop and mobile browsers.

The standalone FP Markets apps in the form of MT4 and MT5 apps are some of the most advanced and feature-rich mobile trading interfaces in the market, which makes trading a breeze. All mobile trading platforms have easy-to-use interfaces and contain all the essential features that are expected from a mobile trading platform.

Education and training

Our FP Markets broker review team knows how important it is nice for a broker to offer its own in-house manufactured educational resources. So many brokers use the same cookie-cutter white-label content which frankly is useless at educating traders.

FP Markets offer customized courses for beginners, intermediates, and experts. The broker offers training courses, e-books, and video tutorials, on top of excellent research material that includes market analysis and webinars. Traders will need to give their email to access most of the resources, but it is well worth viewing.

FP Markets customer support

Our FP Markets forex broker review team has written directly to other customer support staff through live chat in the past and have received links to web pages as replies. This is not helpful and brokers should pay note that this can irritate traders who are looking for simple and immediate answers to their questions. FP Markets is not one of these brokers. They appear almost immediately on the live chat and their answers are helpful and informative.

Furthermore, you can call the FP Markets online forex broker customer representatives over the phone, 24 hours a day. The broker also responds quickly to emails, and in case of a dispute, the resolution process is clearly outlined on their website.

Failure to receive a satisfactory response from the broker also enables clients to contact the Financial Ombudsman Service for arbitration, which should help in reaching a fair and unbiased verdict. Fortunately, FP Markets is a professional company that employs a capable team of experts and customer service representatives, so that every client receives the best in customer service.

FP Markets – Our verdict

Our FP Markets broker review experts are happy to recommend this firm. They far outstrip the competition in almost every way. Their charges are more than fair, their technology is unsurpassed, and their customer support highly efficient. They offer ECN access or market maker access and a wide list of available instruments. All in all this a highly recommended broker.

Register for FP Markets online forex broker by clicking the button below today.

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