FP Markets is an Australian brokerage company that delivers access to trade 13,+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs that are offering competitive spreads and flexible leverage throughout one account. Apr 13, · FP Markets is a large Australian broker that allows clients from around the world to trade numerous different assets and markets. They offer their traders both ECN execution and Direct Market Access (DMA) with CFDs. This allows them to provide a highly refined trading experience with near instant execution and razor thin margins/ FP Markets / Can MetaTrader 4 trade Bitcoins? Trade Bitcoins Using MetaTrader4 MetaTrader4, also known as MT4, is one of the most popular electronic trading platforms for online retail traders. MetaQuotes Software developed the groundbreaking platform in and it has become the most popular software among forex brokers.
Fp markets bitcoin24crypto.de Markets | Price, Charts, News
They have also been recognised by a number of industry bodies and have won numerous awards from the Investment Trends Reports. FP Markets takes traders from a number of different regions and countries. They have translated their website into another 11 different languages. Having said that, there are some regions where they restrict traders. Broker safety is perhaps the number one concern for any trader and as such, it is a big component in our review. There are a number of things that we look for when determining this but the most important of considerations are regulation, client fund safety and risk management protocols.
Below is the copy of their business registration:. Regulation by ASIC is considered to be one of the most secure in the world and there are a number of protections that the trader is afforded. In order to have an ASIC regulation, the broker has to meet the following requirements:. Apart from the benefit of knowing that this broker had to clear these hurdles to get their licence, it also helps to know that there is an agency to turn to if you have complaints. ASIC has a consumer reporting arm which can deal with these.
Firstly, all of the client funds are stored in those segregated accounts at the National Bank of Australia. This is a tier one Australian bank which has got strong levels of liquidity. They also make use of auditing services from BDO. These are well regarded auditors in the broker space and they are able to reconcile the trading books on a regular basis. They are connected directly with these providers as FP Markets uses the Equnix datacentre in New York to locate their trading servers.
There are a range of assets that you can trade on FP Markets and they have over 10, instruments on offer across their Forex and CFD trading products.
Exactly what asset you can trade will depend on the type of account you have covered in detail below. If you have created a standard Forex account then you have access to a number of standard markets. These include the following:. So, there appears to be a reasonable range of Forex pairs for you to trade. However, we were quite disappointed to see that you can only trade one cryptocurrency in Bitcoin.
You also have a pretty limited range of commodities to trade and can only trade equity indices on these standard forex accounts. The CFD accounts also give you access to thousands of single stocks that you can buy directly on the exchanges. Below is a short snippet of the assets that you can trade:.
These cover most of the same markets that the Forex accounts do accept that it is done on a more advanced trading platform see below. You will usually only require a small percentage of the trade position margin level to hold a particular notional in trade value.
The amount of leverage that you can achieve at FP Markets will depend on the account type that you have as well as the type of assets that you are trading. If you are using the Forex accounts, then the max leverage levels for the particular assets are:. Apart from these, you will also have limits based on the size of the deposit and equity balance. In terms of the CFD accounts and DMA assets, the amount of leverage that you can take on will vary on a case by case basis.
It will start all the way down at and go up to about The riskier assets such as the single stock CFDs will have lower leverage levels. When trading with leverage, the volume that you trade is much larger than normal. That means that fees and spreads can eat into your profitability. These fees are pretty reasonable and are some of the lowest that we have seen.
This is about standard for ECN accounts at other brokers. You will also have to pay swap fees on positions that you hold overnight. These can be thought of as financing fees that are charged on the basis that you are trading with borrowed money. This can be positive or negative based on the applicable interest rate parity at the time.
If you are trading on the CFD account then the fees and spreads will differ greatly depending on the asset that you are trading. You will also be charged commissions and financing. You can see more on their fees page. You will also have to pay a fee for access to more robust data feeds that come directly from the Equity and Futures exchanges.
However, as with the IRESS trader above, these fees will be rebated if you make a certain number of trades a month. When it comes to funding your account, there are no fees that are charged on the on the FP Markets side.
However, given the payment processors that they use, you may be charged a fee depending on the funding method. This will also depend on where you are sending the money from as you could incur wiring fees if from another country. Below are the fees that you could pay based on payment methods:.
There are some payment methods that are fully free and these include the likes of China Union Pay. You should also note that there may be additional fees that intermediary banks or your own bank may charge that could increase the cost of this funding. Finally, you will be happy to know that there are no withdrawal fees that are charged by the broker.
As mentioned, there are a number of different accounts at FP Markets. These will differ according to the type of platform that you want to use as well as the assets that you want to trade. FP Markets has segmented these different accounts into two main categories. There are two types of accounts that you can open with the Forex account type.
As shown above in the fees, the Standard has slightly higher spreads although there is no commission charged on the lots traded. The Raw ECN gives you access to spreads straight from the liquidity provider but you will have to pay a slight lot commission. For both of these account types, the minimum trade size that you can put on is 0. With these accounts, you get DMA access which means greater order book visibility.
There are three different CFD accounts that you can open and these differ according to the minimum deposit amount, the brokerage rate as well as the financing rate. Below are the main differences between the accounts:. The premier account seems to be the best option for the professional traders where financing and brokerage rates on large volume can have a negative impact. However, if you are not that regular of a trader then you should consider the professional or platinum. Finally, for those of you who are conscious of the laws around Sharia finance, FP Markets allows you to open an Islamic account on the MT4 platform.
These are adjusted so that swap fees are not included. If you want to create an account like this then you will have to first open an MT4 account and then get it converted into an Islamic account. This is done by contacting customer service who will switch it over manually. When the position is held over two consecutive days then you will be charged an administration fee.
You can see the full outline of all the fees on their Islamic Accounts page. FP Markets gives you the option to open a demo account on each of their platforms. These demo accounts use exactly the same trading platforms that you will have with the live account so they should replicate the actual trading accounts quite well.
There are a number of different trading platforms that you can use at FP Markets. These will differ according to the type of account you have and the type of trading you want to do. Firstly, they have both of the Metatrader platforms. These are third party platforms that are developed by the Metaquotes software company. This is a trading platform that was developed in Australia and used by a number of other brokers. This is the platform that gives you Direct Market Access.
The MT4 platform is the most popular third-party trading platform currently on the market. It is used by countless brokers around the world and is well known to traders. This means that you can trade all of those Forex account instruments that we mentioned above on this platform.
Well, this platform was developed by traders for traders and has extensive functionality. You have a plethora of charting functionality as well as a range of technical analysis indicators and studies.
The MT4 platform is also compatible on a number of operating systems. The MT4 platform has also been developed so that it could be run online in a browser. These are trading algorithms that you can develop to trade automatically for you. This is the MQL4 coding language that is pretty easy to understand.
FP Markets also does offer their traders the MT5 platform. This is a slightly upgraded trading platform that has more charting functionality. It also has other goodies like an economic calendar and market depth chart. The main reason that traders may move to this platform is because it gives them the opportunity to trade other markets such as equities.
Moreover, given that the MT4 is much more popular than the MT5, it is battle hardened and time tested. You are better suited to trade on this platform than on the MT5 for now. This is the flagship trading platform available at FP Markets. This will allow you to connect directly with the exchanges in order to buy the shares that we mentioned above.
You can also trade Forex and EFTs on it. This is also free on all CFD accounts. These have a great deal more functionality and you can conduct more thorough technical analysis. Some of the additional features include:. So, if you are a trader that is quite active and is looking for additional tools to supplement your trading then upgrading to the Viewpoint or Trader is probably your best bet. Of course, this will cost you extra given that you are getting live data straight from the exchanges.
If you are going to be away from your PC then you will no doubt want to make use of the mobile apps on offer. Unfortunately, there is no app that will allow you to administer your account at FP Markets. So, if you need fund your account, withdraw or make any changes in the admin panel then you will have to do this through their online portal.
These are available in both iOS and Android and are one of the most downloaded trading apps in the world. Combined, there are over 12m downloads for the two apps.
These apps give you a great deal of functionality that is just not available on other apps. This includes mobile charting, order management, technical studies and other useful indicators. This is also available on iOS and Android. Although not as popular as the MetaTrader apps, it does have a range of features:. Well, we would prefer using a PC or web platform.
This is mainly because of the shortcomings of mobile trading including higher latency and less functionality. It is much harder to chart effectively on such a small screen. If you wanted to start trading on a live account at FP Market, then you will need to fund it. Once there, you will have to select a method to fund.
There are a range of these that are available and they include wire transfers, web wallets, credit cards and a number of other local payment options. This review has been conducted independ- ently. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product.
If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.
FP Markets IB number: Open Demo Account. Open Live Account. Scrivi qui i tuoi pensieri