I have been trading for a few years now and have dealt with multiple brokers including some big names and shady ones. Have had mixed experiences overall.
However, It makes me wonder if there any specific reason that a broker like FP Markets have not got the attention that they probably deserve among Traders? Whereas shitty brokers (even non regulated ones) have had a lot of attention in forums. I've been trading with them for close to a year now and frankly they seem to tick all the boxes that a Trader would need.
FP Markets have been in business for 15 years (Operational since 2005). Have multiple licenses like ASIC, Cysec and recently a offshore one (st.vincents). Most Importantly, what matters for a trader is the Trading conditions- Spreads, Execution speed & Commission.
From what i can see FP Markets' Trading Conditions seem to much better compared to other similar or even bigger brokers. Their Spreads (on their ECN / RAW Account) are right up there for most parts of the day (check below) The commission that they charge (6$ per round lot) is lower than other similar ECN pricing brokers i believe? (averaging 7$)
I am not affiliated with FP Market nor am i a IB/Affiliate for them. I just wanted to share my personal experience dealing with FP Markets so that other traders can take note and save themselves the hassle of dealing with shitty brokers.
However, It makes me wonder if there any specific reason that a broker like FP Markets have not got the attention that they probably deserve among Traders? Whereas shitty brokers (even non regulated ones) have had a lot of attention in forums. I've been trading with them for close to a year now and frankly they seem to tick all the boxes that a Trader would need.
FP Markets have been in business for 15 years (Operational since 2005). Have multiple licenses like ASIC, Cysec and recently a offshore one (st.vincents). Most Importantly, what matters for a trader is the Trading conditions- Spreads, Execution speed & Commission.
From what i can see FP Markets' Trading Conditions seem to much better compared to other similar or even bigger brokers. Their Spreads (on their ECN / RAW Account) are right up there for most parts of the day (check below) The commission that they charge (6$ per round lot) is lower than other similar ECN pricing brokers i believe? (averaging 7$)
I am not affiliated with FP Market nor am i a IB/Affiliate for them. I just wanted to share my personal experience dealing with FP Markets so that other traders can take note and save themselves the hassle of dealing with shitty brokers.