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FP Markets Discussion

  • #1
  • First Post: Feb 28, 2020 1:38am Feb 28, 2020 1:38am
Has anyone been using FP Markets on the long term? I am trading with them for the last couple of months with a medium size account and they seem to be good. I am planning to deposit a bigger amount with them.
So in addition to the online reviews, I was hoping to get a discussion going about them.
  • #2
  • Mar 3, 2020 7:13am Mar 3, 2020 7:13am
Long term- If you are thinking about reliability, i don't think you will have to worry much as they have been around for 15 years and ASIC is quite uncompromising.

I moved some of my accounts to FP Markets recently(account size in higher end 5 digits) and things have been quite smooth as of now.

No issues with Depositing or Withdrawing
  • #3
  • Edited 5:00am Mar 6, 2020 3:57am | Edited 5:00am
I agree with Jlrobert FP Market for a long term is a perfect choice of broker.

Been using them for a while now and so far so good no issues with it.
  • #4
  • Mar 9, 2020 8:51am Mar 9, 2020 8:51am
thank you for starting this topic.

Are you guys using mt4 or mt5?

i just want to know about mt5 performance. is it better than mt4 or worse in this broker?

thanks in any reviews.
If You try Destiny'll try...
  • #5
  • Mar 12, 2020 1:06am Mar 12, 2020 1:06am
Both platforms are good with this broker, there are no issues with any of its platforms.
  • #6
  • Mar 14, 2020 2:20am Mar 14, 2020 2:20am
Quoting FlavioEstev
Both platforms are good with this broker, there are no issues with any of its platforms.
thank you.
If You try Destiny'll try...
  • #7
  • Mar 16, 2020 6:50am Mar 16, 2020 6:50am
Quoting ochiroo20
thank you for starting this topic. Are you guys using mt4 or mt5? i just want to know about mt5 performance. is it better than mt4 or worse in this broker? thanks in any reviews.
You can trust this broker and start trading they are good in both platforms.
  • #8
  • Mar 23, 2020 4:48am Mar 23, 2020 4:48am
Quoting LeoMarchegi
{quote} You can trust this broker and start trading they are good in both platforms.
thank you.
If You try Destiny'll try...
  • #9
  • Mar 24, 2020 6:13am Mar 24, 2020 6:13am
Currently, brokers are losing much liquidity. especially Asian session should consider opening orders
  • #10
  • Mar 24, 2020 9:56pm Mar 24, 2020 9:56pm
Users "LeoMarchegi" and "FlavioEstev" are obviously affiliated with FP Markets.
  • #11
  • Mar 25, 2020 6:04am Mar 25, 2020 6:04am
Quoting ochiroo20
i just want to know about mt5 performance. is it better than mt4 or worse in this broker? thanks in any reviews.
I don't think the MT5 for FP Markets is going to be different from any other brokers. As Metatrader 4 or 5 is standard across all brokers and is owned by MetaQuotes.

However i think most traders still use MT4 (Including me) mainly because i have some custom tools that i got done for MT4. If you are not specific about this, i am sure MT5 is better than MT4 in a lot

The only difference specific to brokers with these platforms would be availability of additional tools, for instance i use some of the tools from here that FP Markets offers to their live clients for free https://www.fpmarkets.com/tools/traders-toolbox Apart from these the platforms are pretty standard across brokers.
  • #12
  • Mar 25, 2020 8:23am Mar 25, 2020 8:23am
Quoting amy4x
Has anyone been using FP Markets on the long term? I am trading with them for the last couple of months with a medium size account and they seem to be good. I am planning to deposit a bigger amount with them. So in addition to the online reviews, I was hoping to get a discussion going about them.
OP you need to read my thread: https://www.forexfactory.com/showthread.php?t=987254

If you have enough capital don't bother with FP crap.
  • #13
  • Mar 31, 2020 2:26am Mar 31, 2020 2:26am
Quoting FX2Life
{quote} OP you need to read my thread: https://www.forexfactory.com/showthread.php?t=987254 If you have enough capital don't bother with FP crap.
Like I mentioned in my original post, i am already trading with FP Markets with a medium sized account for the last few months. The overall experience with them has been good, i have also withdrawn couple of times with no issues. I just wanted to get feedback from other traders before trying and pump in more money.
Personally, I don't really mind if my order is routed through their A-book or B-book as long as the trading conditions are the same. Most brokers like you mentioned in you list follow the same model I believe, ignoring the shitty ones that offer deposit bonus.

Big names like Lmax are not really for all retail traders considering their minimum requirements and cost.
So out of the available options for the retail broker that offer decent trading conditions, i would want a broker that is reliable. Considering FP Markets have been in business for almost 15 years now, i think we don't really need to worry about that aspect.
  • #14
  • Mar 31, 2020 7:07am Mar 31, 2020 7:07am
My review: very poor support, it took me 3 hours to find out the inability to open an account in the euro currency ...
You can’t open an account in euros, with a good broker this is impossible!
"Money makes Money"
  • #15
  • Apr 6, 2020 11:03am Apr 6, 2020 11:03am
Quoting syndicat
My review: very poor support, it took me 3 hours to find out the inability to open an account in the euro currency ... You can’t open an account in euros, with a good broker this is impossible!
Strange, i think this is because you are from a country that they are not able to onboard on their Australian entity.
I have a couple of friends who are from UK and they have a EURO account with FP Markets under their ASIC license.
  • #16
  • Apr 6, 2020 11:22am Apr 6, 2020 11:22am
Quoting amy4x
{quote} Strange, i think this is because you are from a country that they are not able to onboard on their Australian entity. I have a couple of friends who are from UK and they have a EURO account with FP Markets under their ASIC license.
I have accounts in Euro and Dollars at IC Markets under ASIC license
"Money makes Money"
  • #17
  • Edited 2:04am Apr 8, 2020 1:54am | Edited 2:04am
From what i know, IC have got into issue with ASIC for this very reason. Trying to on-board clients from countries that ASIC doesn't approve of (In addition to falsely advertising as ECN previously). They are under scrutiny from ASIC currently and things can get ugly for them, they are eventually going to move these countries to their off shore license.

This is one of the main reason i moved my accounts. FP Markets are pretty compliant from the beginning and probably don't want to risk their business taking risks like IC do.
  • #18
  • Apr 8, 2020 3:29am Apr 8, 2020 3:29am
Quoting Jlrobert
From what i know, IC have got into issue with ASIC for this very reason. Trying to on-board clients from countries that ASIC doesn't approve of (In addition to falsely advertising as ECN previously). They are under scrutiny from ASIC currently and things can get ugly for them, they are eventually going to move these countries to their off shore license. This is one of the main reason i moved my accounts. FP Markets are pretty compliant from the beginning and probably don't want to risk their business taking risks like IC do.
u are wrong, FP has a cysec division. if your trade statements are coming from fpmarkets.eu domain, you are unknowingly already under cysec
  • #19
  • Apr 9, 2020 3:04am Apr 9, 2020 3:04am
Quoting Bicarus
{quote} u are wrong, FP has a cysec division. if your trade statements are coming from fpmarkets.eu domain, you are unknowingly already under cysec
Hi
So according to you, is it worth trading with FPMarkets?
Thanks
  • #20
  • Apr 12, 2020 6:11am Apr 12, 2020 6:11am
Quoting Jlrobert
{quote} I don't think the MT5 for FP Markets is going to be different from any other brokers. As Metatrader 4 or 5 is standard across all brokers and is owned by MetaQuotes. However i think most traders still use MT4 (Including me) mainly because i have some custom tools that i got done for MT4. If you are not specific about this, i am sure MT5 is better than MT4 in a lot The only difference specific to brokers with these platforms would be availability of additional tools, for instance i use some of the tools from here that FP Markets offers to...
thank you very much.
If You try Destiny'll try...
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