FP Markets - Hidden Gem for Traders?

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.

+1 to this. I have been trading with FP Markets for around 6 months now and the experience has been great. Their Trading conditions have been consistently improving over the months and their spreads right now are some of the tightest in a lot of pairs.

It is true that they have not gotten the attention they deserve considering what they offer is better in a lot of aspects compared to most other brokers out there, probably they have not been that aggressive with marketing?. However they have been operational since 2005, so i'm assuming they have their own client base built over the years

What do you mean Advertising? If you are capable enough to read, you would have realized by now that this is a "broker discussion" thread.

I have every right to discuss about the broker that i trade with. I have been active in this forum for 5 years now and previously i was involved in ICM discussions when i was trading with them and currently why should i hesitate to discuss about my current broker which is FP Markets.

And whatever i have pointed out in my original post is my actual live trading experience and actual screenshots from sites like Forexfactory, myfxbook and fxempire.

There is no hard and fast rule of what i should discuss and what i should not. Forums are not a place only for negative criticism, if my experience with a specific broker is good, i can definitely talk about it for the benefit of other traders.

Any idea if FP Markets have an online version of their trading platform ? Something like a web trader that can be used to trade from any browsers?

I have been using their demo for a while now, what I do not like about FP Markets is they do not have a negative balance protection.

I had an account with FP for a short period recently. I wasn't happy so I closed the account.

Any idea if FP Markets onboard UK clients to their ASIC license or should we choose only their Cysec Entity.

I would prefer under their ASIC license as i want slightly higher leverage

I've recent started trading with FP Markets recently , it's only been around 2 months now. Only scope of improvement for them would be to add more local funding method, I had to do a bank wire as my local credit card was not accepted for some reason.

Any idea if FP Markets onboard UK clients to their ASIC license or should we choose only their Cysec Entity. I would prefer under their ASIC license as i want slightly higher leverage.

I am based in Austria, however i was able to choose their ASIC entity without leverage restrictions. You are given a option to register between CYSEC/ASIC when you register.

Too big&wide slippage on Gold, definitely not for pros

Have you -or anyone reading this thread- had any issues with withdrawing your funds from FP Markets?
Weird tech issues...spreads, slippage....unexplained spikes?

Thanks!

I would like to open an account with FPMarkets but on the web, I found a lot of bad reviews especially talking about "tricks" to force you to lose money and huge problems on Withdrawal.
Anyone with real an lasting experience with FpMarket?

Trading with a few brokers I found fpmarkets.com to be ok. They also have a reputable organizational license

Any idea if FP Markets have any specific restriction on high frequency trading? Like usage of EAs on their Live servers?I trade with a system that does multiple intraday scalps. So want to be sure they allow it

Scalping, EA are allowed. Also you can ask this question to their live chat, they reply in no time.

Better to check regarding this with their support. As it is they dont have any restrictions on scalping/hedging or use of EAs. However if your EAs execute hundreds/thousands of commands in a day, better to get prior approval so they don't think that your EA is harming the servers.

Is it possible to have multiple trading accounts in FP Markets so that there is a possibility to create multiple accounts for strategies that would be complicated to manage in a single account?

It definitely is possible, from your client portal you can create up to 10 Live accounts at the same time.

However, if you are asking about creating multiple across their different licenses like ASIC, St. Vincent's and CYSEC, it is not possible from the same client portal and you have to signup using multiple emails.

Wow...this might be the ONLY broker in the world where ALL their clients are happy

REALLY, no one has had any issues with FP ever?
Never had withdrawal problems?
Their execution is flawless??

I was with FP for around twelve months, right from the start I had issues with them , trouble closing trades , it would just stop , there would be a delay and when it came back it would go against me , very difficult with scalping , I had one consultant tell me there must be something wrong then another would tell me afterwards that their symptoms where fine and that it must be me , it wasn’t big money but I had no faith in them to act as the broker for my trading business, Axi use to be fantastic until they grew rapidly and then their service tanked , these days I stay away from the Australian brokers, especially with the asic intervention.