FP Markets review - Regulations, Trading Platforms and instruments, Pros and Cons.

The service of FP Markets is very good. The time of the deposit and withdrawal service is very fast, and in addition to the withdrawal of $10,000 or more, the amount before that can be withdrawn very quickly. They are friendly, and even though they do withdrawals every day, withdrawals can be made within 1 day, in some cases, within a few hours. The spreads are small, and I like the 1:500 leverage.

I have traded with FP Markets for the last 7 months and they have candid service. Great customer care, fast withdrawals, many methods of deposits and withdrawals as well as tight spreads.

Jul 15, 2021 - No Rating This platform has the most professional team. Everything works perfectly well, from deposits/ withdrawals as well as verifications. Customer protection and security is their other name. I just love trading with FPmarkets.

First of all I have to say thank you FPA, I got the money after I posted review in next work day. But I still don't know what's wrong with my trading, what kind of trading habits it triggered the risk control team work on it. Unless I am afraid trading on fp markets.

Mar 30, 2023 - 1 Star My account number is 63512691. Trading at FP markets for couple of years. At Mar. 2nd, I win the profit, then applied withdraw. But nothing happening. Client support team keep the same replying : Keeping waiting. The account manager also say sorry he couldn't help more. Almost one month pass, I still cannot withdraw. Please keep an eye on this broker.

Reply by FP_Markets submitted Apr 5, 2023 Dear AlexYu1972,

We are sorry to hear you had a negative experience.

Please be advised that withdrawal requests are handled by FP Markets in a timely manner and in accordance with the terms and conditions that are already accepted by our clients.

Therefore, our review shows that specific parameters were not met, hence the delay. We are more than happy to contact us directly and explain. However, we can see that the amount was eventually withdrawn.

Kind regards,
FP Markets

I recently had to switch from my broker when the new EU rules came in and I did not want to go to offshore. Having regulation in Australia which gets you 500:1 lev was a real pull. Also given they have been around for a while also helped. Been impressed by the one-2-one customer service and the co. has a friendly feel about it.

I am writing with regards to my issue with the withdrawal I am having with FPmarkets. My account number is: 8164066. I want to publish the only email they have sent to me 10 days ago, while I am still waiting for the reply from their risk team.

"Dear Mate,

Please be advised that we have identified abusive trading on your account(s) and as a result we will be disabling trading and terminating your account effective immediately.

As per the client agreement 1.1 we define the Abusive trading to be:

“Abusive Trading” shall mean the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any robots, spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the Client’s obligations under paragraph 2 of Appendix."

Under clause 25.1 (o) and 25.2 (g) we reserve the right to cancel profits gained through abusive trading.

Regards,
--
Kind Regards,"

As you can see they don not specify anything, and just come with general statements, which could be applied to any trading strategy. They call is proof, I call it primitive SCAM. They are advertised as a company with a perfect conditions for a EAs, but happens to be, that you must get a written consent by the Company prior to activating the robot. I will quote information featured on their website: "FP Markets provide ideal conditions for scalping and EAs with no minimal distance between the spread." This is FPmarkets themselves! I cant believe that the people who are doing this to me wrote: "No price manipulation, no requotes and no dealing desk". They are a joke. I will continue to post communication updates. At least they are replying to me here. And the statement that their team has provided official reply me is a LIE!

Nov 27, 2021 - 1 Star I have been trading with them for over 6 months. My account number is: 8164066. During trading everything was perfect: spreads, pricing execution, but when I submitted a withdrawal issues started. I requested a withdrawal of 4.6K, and it was not processed in time. After communication with the support, my withdrawal was put on hold and only 2K were returned. My account was cancelled, all my data was deleted. The risk team does not reply to me and they do not agree to speak with me over the phone. Hopefully, I have all the trading history and data saved so I can contact the regulator. If somebody thinks that they are reliable brokers, they are wrong. They are regular marketmakers who do not want you to make profits and if you made profits they simply cancel it for some unrealistic reasons. So basically if you want to trade, make profits and get your deserved money they are definitely not for you! I hope this is going to be the way to get some feedback from them.

Reply by FP_Markets submitted Dec 1, 2021 Dear Mate,

We acted according to the FP Markets Client Agreement which you can find in the list of our CFD Accounts Legal Documents.

We have conclusive evidence that your account was engaging in abusive trading practices and therefore we have refunded your initial deposits.

Our team provided you with an official reply addressing your concerns.

If you have any further questions, don’t hesitate to let us know.

Kind Regards,
FP Markets