It incurs financing costs, known as swap rates, and the longer a trade remains open, the higher the fees. Third-party withdrawal charges may apply, but there is no inactivity fee at FP Markets. On the downside, the product portfolio is limited, as it covers only CFDs and forex instruments. The MT4 web and desktop trading platforms have outdated designs. Research tools at FP Markets, while impressive in some respects, could still use some additional features.

Most of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. The representatives can be reached 24 hours a day on weekdays.

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Upon opening their website, it was found that FP Markets broker claims to offer trade in a variety of tradable instruments. The brokerage firm offers online trade with the help of trading software. If a broker is a scam, the claims made are false and it ultimately results in a broker getting scammed. FP Markets broker has been reported to make false claims on its website and there have been a number of consumer complaints against this broker. How can you trust a broker who does not stick to its promises? Scam brokers guarantee unbelievable returns but at the end the trader becomes the victim of those false guarantees.

Thankfully our FPMarkets review 2023 found that this brand is regulated by the Australian Securities and LimeFxs Commission . This means that the broker will be forced to comply with the financial regulations imposed by ASIC or it would get its license revoked. It’s always sensible to check into how an online broker is licensed. After all, you will be making deposits at these sites, and you’ll want to know that you are dealing with a legitimate operator. We should note that the brand has telephone numbers that can be used for customer support.

FP Markets scam

Trading fees have the most notable direct impact on any strategy, and FP Markets offers two pricing models. The commission-free Standard account shows an average limefx scam mark-up of 1.15 for the EUR/USD. Traders should always trade with a regulated broker but also ensure that the trading environment remains competitive.

Their role is to impartially oversee the fair practice of brokers and other financial institutions within Australia. The regulations that they have in place for brokers to follow are designed to protect investors. Those that have religious restrictions for when they can trade may opt for an FP Markets Islamic Account. This is specially designed to stop overnight rollover charges or profits on positions. Metatrader accounts can be converted into an Islamic account.


To download this tool, you have to log in to the client area and then click ‘Trading Tools’. FP Markets beats its immediate competitors with its strong stock CFD offering. Its forex pairs selection is also fairly competitive, but its selection of stock index CFDs, commodity CFDs and cryptocurrency CFDs is much less impressive.

We had mixed experience regarding the helpfulness of phone support, though. During our second call, the agent pointed us to the webpage instead of answering our questions directly. There are several research tools at FP Markets, most of which are great. Still, the design and usability of charts could be be better, and we also missed data and news on fundamentals. FP Markets offers real stocks, but only those listed on the Australian Securities Exchange.

FP Markets scam

The advanced features on the charts make them interactive in such a way that the data is easy to read on a small screen. It also comes with the option to keep track of your trading history. I have used the live chat function and found it extremely useful for a quick query I wanted an answer for. If you have a more complex request, I would highly recommend giving them a ring or dropping them an email.

Desktop Trading Platform

Customers from China or those looking to make deposits in RMB can do so using online payment systems. The funds appear instantly on both MT4 and MT5 trading platforms. Iress accounts may take up to 1 business day to show the funds. As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. With forex brokers reducing leverage and the industry getting more regulated, trading your… If FPM receives a receipt showing the original deposit fee amount is no more than $50, it will cover clients‘ international bank fees (charged by the clients’ bank) for deposits over $10,000.

FP Markets scam

Clients must rely solely on the reputation of FP Markets, as no additional measures exist to ensure client protection. The absence at FP Markets lowered the overall score, as only Australian traders have access to a well-regulated and highly competitive trading environment. DailyLimeFx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

Ratings On Other Platforms

We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. In the sections below, you will find the most relevant fees of FP Markets for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Since I started trading with Fpmarkets forex trading has been made easy.

They have an amazing reputation within the industry, with thousands of positive reviews on the forums. FP Markets are regulated by ASIC and CySec, making them a very safe broker limefx scammers to be trading with. It’s important to note that FPMarkets is a very proud Australian broker. However, you may still be able to use this Sydney-based broker outside of Australia.

FP Markets Trading Platform Overview

However, ECN account charges commission to every order, which is defined by the instrument and is 3$ for Forex instruments, 3.5$ for Metals and offers 0$ commission on commodities or cryptocurrencies. As well you can compare fees with another popular broker BDSwiss. helps traders and investors, from around the world, navigate the complex world of online brokers. We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews.

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Please contact us at should you be interested to find out more. And how high can you sett leverage on gold and silver, platinum`? Need max on those, gold may have higher than silver i guess. Unfortunately, we do not accept clients from New Zealand. Our Clients get a dedicated account manager and 24 hour support for any queries they have. Please is that an omission or we actually can’t have account with FP markets.

At FPMarkets Bitcoin trading is simple, and it was nice to see that you could easily trade anything from Ethereum to LiteCoin here too. The only real major disadvantages found in our FPMarkets review was the fact that the brand’s services might not be available to customers who are based in countries such as the US and Canada. There can be any type of scam today which is just not limited to Forex scam, Cryptocurrency scam, Binary trading scam, CFD trading scams, Pet scams, Pension scams, Dating/Romance scams. Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. Our review focused on the MT4 trading platform, available to all clients at FP Markets. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs.

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