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/10

fpmarkets

China China | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://72614708.89650.top:8967/index/index/index/token/e1a49c77dd53c7a1efadfd9801811b1b.html

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https://72614708.89650.top:8967/index/index/index/token/e1a49c77dd53c7a1efadfd9801811b1b.html

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
China
Operating Period
5-10 years
Company Name
fpmarkets
Verified Site
About Us
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Score
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Official Website

Verified Site

  • 89650.top
    40.83.115.81
    Server Location
    Hong Kong Hong Kong
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
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    Website Name
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    Company
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Company Profile

Company Profile

Review summary

Basic information

This FP Market is a 100% scam trying to defraud clients by taking advantage of a big player's name-FP Markets. Please be aware of the potential danger.

Pros and disadvantages of FP Markets

Low forex fees are provided by FP Markets. Since creating an account and making deposits are both really simple and quick, you can get started right away. There are several top-notch instructional resources available, including trial accounts and e-books.

Only forex, CFDs (equities, indices, metals), and cryptocurrencies are offered by FP Markets. The desktop and web trading interfaces for MetaTrader 4 are out of date. The quality of research tools varies, particularly when it comes to news, charts, and basic data.

Trading fees at FP Markets

Trading costs on FP Markets are often modest.

We are aware that comparing trading costs amongst CFD providers is challenging. So how did we go about making their costs transparent and comparable? By totaling up all the costs associated with a typical deal for certain items, we compare brokers.

We have chosen well-liked securities from each asset class:

CFDs for stock indices: SPX and EUSTX50

CFDs for stocks: Vodafone and Apple

AUDUSD, EURCHF, GBPUSD, EURUSD, and EURUSD

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

20:1 for stock index CFDs

5:1 for stock CFDs

30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for FP Markets fees.

CFD fees

FP Markets has low stock index CFD fees, but stock CFD fees are rather average.

FP Markets CFD fees for a $2,000 long position held for one week
FP Markets FXTM Markets.com
S&P 500 index CFD fee $0.3 $1.7 $3.5
Europe 50 index CFD fee $1.5 $1.9 $2.0
Apple CFD fee $31.8 $29.5 $11.9
Vodafone CFD fee $29.3 - $31.9

INVESTMENT OFFER

The breadth of CFDs offered by the Iress platform suite to international clients includes 8,884 shares, 61 FX pairs, four metals, 12 indices, five cryptocurrencies, and three commodities, compared to FP Markets' MetaTrader offering, which is restricted to about 130 tradeable symbols.

Trading cryptocurrency at FP Markets is only possible through CFDs; trading the underlying asset is not an option (e.g. buying bitcoin). Notably, neither U.K. citizens nor retail traders from any broker's U.K. firm are permitted to trade cryptocurrency CFDs.

Commissions and fees

At least for its commission-based ECN account offering, FP Markets is one of the most cost-competitive brokers available to traders worldwide thanks to its MetaTrader offering. The Iress ViewPoint account option is more expensive but is designed for active traders with large account balances.

MetaTrader Standard versus the Raw ECN account from FP Markets: The Raw ECN account from FP Markets offers competitive spreads, which as of October 2021 averaged 0.1 pip. Due to its much greater spreads (averaging 1.2 pips as of October 2021 for the EUR/USD), its Standard account is a more expensive choice.

Australian Iress ViewPoint Accounts: Three account types with various minimum deposit amounts are available through the FP Markets Iress platform suite: Standard (AUD 1,000 minimum deposit), Platinum (AUD 25,000), and Premier (AUD 50,000). (AUD 50,000). You must either be eligible for the Premier account or spend at least AUD 150 in commissions per month to avoid platform and data costs. Saxo Bank and CMC Markets provide greater offers for active traders and traders with large balances.

Iress Investor Account (Australia): For traders seeking a bare-bones, low-cost experience, FP Markets also offers its Iress Investor trading platform. Monthly fees are waived for this less expensive account option, but with the reduced price come some platform limitations. There is no streaming data by default (click to refresh quotes), and the charting package is far more limited than its ViewPoint platform counterpart. My take: if you cant afford the ViewPoint account, then pass on Iress Investor.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

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Wiki Q&A

How is the fund security of fpmarkets evaluated?

Fund security for fpmarkets is assessed as highly deficient. The broker operates without any valid financial licenses, as confirmed by WikiFX data, and holds a low risk assessment score of 1.49, indicating a fundamental lack of regulatory oversight and a high-risk profile for client assets.

04-02
United States

What is the license number of fpmarkets?

FP Markets does not possess a verifiable license number from any authoritative financial regulator. Analysis of its regulatory status shows an absence of mainstream forex trading licenses, classifying it as an unregulated entity.

04-02
United States

What is the full company name of fpmarkets?

The entity operates under the full name 'fpmarkets'. It is registered in China and has been operational for an estimated 5 to 10 years.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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