With a range of trading platforms and multiple trading options, take charge of your investments with FP Markets.
FP Markets is an Australian-owned company that commenced trading in 2005. A trusted player in the CFD market thanks to its direct market access pricing model, FP Markets has quickly earned a reputation for providing excellent customer service and value for money.
FP Markets allows customers to quickly and easily trade shares, futures, forex and CFDs, by offering you the choice of a range of trading platforms, research tools and fee structures.
A multi-award-winning provider, FP Markets has received awards from Money Magazine, the Australian Financial Review Smart Investor Magazine and a range of other respected industry bodies.
What can I trade with FP Markets?
Traders can purchase a wide range of investments through FP Markets’ multiple platforms, including:
Direct market access CFDs
Direct market access provides transparency and provides you with complete access to the underlying market. As an FP Market customer, you can trade global market CFDs in forex, futures and equities.
When you trade Forex, you can take advantage of a Standard account or a Pro Trader account and spreads from 0.0 pips.
With margins starting at just 1%, you can trade CFD futures 24 hours a day.
FP Markets’ share trading platforms allow you to trade both shares and CFDs and offer brokerage starting from just $14.95 per trade.Back to top
What are the best things about FP Markets?
The type of market data available from FP Markets depends on the type of account you choose. An FP Live account provides non-streaming live prices for free, but an IRESSTrader account ($55 per month plus $38.50 per month for market data) provides real-time streaming of market data.
FP Markets’ free research portal offers an extensive range of information to help investors make better trading choices. It offers daily market reports, market snapshots, a dividend calendar, access to a senior analyst’s portfolio and more.
FP Markets allows customers to place trades online, over the phone or via apps designed for Apple and Android smartphones. In terms of support, phone email and live chat customer assistance are all offered.
In addition to at limit and at market orders, FP Markets also allows you to place fixed and trailing stop loss orders to better manage your investment risk.
FP Markets allows you to trade direct market access CFDs in a wide range of global markets across forex, equities and futures. Accessible markets include Singapore, Tokyo, Hong Kong, London and New York.Back to top
Service levels of FP Markets Trading Accounts
FP Markets offers the following service levels to CFD traders:
|Minimum opening balance||$1,000||$25,000||$50,000|
|Brokerage rate||$10 min, then 0.1%||$9 min, then 0.09%||No min, then 0.08%|
|Financing||RBA +3.25%||RBA +2.75%||RBA +2.25%|
|Platform: IRESS Trader & fee||$55 inc. GST fee is waived if you generate $150 of commissions a month||$55 inc. GST fee is waived if you generate $150 of commissions a month||Fee is waived|
|Platform: IRESS Investor & fee||Free||Free||Free|
|ASX live data standard fee||$22 fee waived if you generate more than $50 of commissions a month||$22 fee waived if you generate more than $50 of commissions a month||Fee is waived|
|ASX delayed or click to refresh data||Free||Free||Free|
|Phone trades||No extra charge||No extra charge||No extra charge|
What platforms are available with FP Markets?
If you want to open an FP Markets share trading account, you can choose from two platforms: IRESSTrader or FP Live.
While IRESSTrader provides real-time dynamic data and direct market access for a fee, FP Live is a free HTML trading platform that provides non-streaming live prices. IRESSTrader is designed more with experienced traders in mind. It offers the option of trading direct market access CFDs and a wide range of shares. Charting, market alerts, portfolio updates and streaming news are available to all IRESSTrader customers.
For casual traders, FP Live offers all the necessary features to start trading shares. This free htmlIRESS platform provides up to date equity information and lets customers trade CFDs and shares online. It features a simple and straightforward interface and current market information to help traders make informed decisions about the shares they wish to buy or sell.
FP Markets offers free Try 2 Weeks Free for both IRESSTrader and FP Live so you can determine which option better meets your trading needs.Back to top
What support/information is available with FP Markets
If you require help or customer support from FP Markets, phone, email and live chat support is available. With offices based in Sydney and London, 24-hour support is available to ensure that help is on hand whenever you need it.
There’s also a wealth of information available online to help you build your trading knowledge. In addition to trading tips, research and market reports, you can also access a range of ebooks, video tutorials and live webinars to help you make the right trades and get the most out of you FP Markets account.
This extensive range of educational resources is available for free for FP Markets customers.Back to top
What are the fees when using FP Markets
Customers who trade shares through FP Markets can choose from a free FP Live account (non-streaming live prices) or IRESSTrader for $55 a month plus $38.50 for real-time market data.
A minimum brokerage fee of $14.95 applies to all trades, while special features such as telephone trades and conditional orders do not attract any additional charge.
As you can see in the table above, the brokerage fees and ongoing fees charged for CFD traders vary depending on whether you open a Premier, Platinum or Professional account.Back to top
What are the pros and cons for using FP markets?
- Low fees. FP Markets offers great value for money by charging comparatively low fees and commissions.
- 24-hour support. This ensures that help is available whenever you need it, including live chat support.
- Education resources. FP Markets offers extensive education tools to help you learn the ins and outs of online trading.
- Casual and experienced investors. FP Markets offers a good spread of platforms and trading choices to suit both experienced and casual investors.
- Newer company. Having been established in 2005, FP Markets does not have as long a track record of success as some other trading providers.
How do I apply with FP Markets?
If you like the features offered by FP Markets and would like to open an account, click ‘apply now’ to be securely redirected to the provider’s website. It’s easy to open an account online, you’ll need to provide your name, contact details and proof of identity.
Once you’ve selected the product and platform you wish to apply for and have completed your application type, it will be processed by FP Markets and they will be in touch shortly to let you know whether your application was successful.Back to top