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Written by Angelo Martins
Edited by David Johnson
Fact checked by Alexandreas Kourris
Human moderated by Jason Peterson
Last updated August, 2024

FP Markets Overall rating

4.6
Ranked 8 out of 827 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
4.5
3
Regulation
5.0
2
Pricing rating
4.8
1
Features
Not rated
1
Customer Support
Not rated
1

FP Markets Profile

Company Name First Prudential Markets Pty Ltd
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2005
Headquarters Australia
Office Locations Australia
Account Currency AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, USD, ZAR, HKD, BRL, MXN
Support Languages Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese, Czech
Funding Methods Bank Wire, Bitcoin, BPAY, Broker to Broker, Credit/Debit Card, FasaPay, Giropay, Neteller, PayPal, Perfect Money, POLi, Skrill, Sofort, TrustPay, Local Bank Transfer, Ethereum, NganLuong.vn, Rapid Transfer, Tether (USDT), PayRetailers, DragonPay, Ripple, Crypto wallets, PayTrust88, PSP, Plusdebit / MOMO QR code, Plusdebit / QR Code, Thuderxpay, Apple Pay, Googlepay, Pay Retailers , XPAY, Rupee Payments, Virtual Pay
Financial Instruments Forex, Shares, Indices, Bonds, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries Iran, United States
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

FP Markets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
fpmarkets.com
fpmarkets.eu
fpmarkets.com/int
Organic monthly visits 613,880 (99%)
Organic traffic rank 38 out of 827 (Forex Brokers)
Paid monthly visits 3,500 (1%)
Total monthly visits 617,380
Bounce rate 38%
Pages per visit 4.17
Average visit duration 00:03:55.0950000

FP Markets Account types

  Standard Raw
Commission-USD $3.00 Per Side Per Lot
Maximum leverage500:1
Mobile PlatformcTrader Mobile, MT4 Mobile, MT5 Mobile
Trading platformcTrader, MT4, MT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit100
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard
Maximum leverage 500:1
Typical Spread 1.45
Trading platform cTraderMT4MT5WebTrader
Mobile platform cTrader MobileMT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw
Commission USD $3.00 Per Side Per Lot
Maximum leverage 500:1
Typical Spread 0.09
Trading platform cTraderMT4MT5WebTrader
Mobile platform cTrader MobileMT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FP Markets User Rating

4.4

FP Markets reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.

FP Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Raw
Forex0.48 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
0.18 Pips Monthly Cash Back
38% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
13% Of Commissions Paid Monthly Cash Back
Metals0.48 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
 0.18 Pips Monthly Cash Back
38% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
13% Of Commissions Paid Monthly Cash Back
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Commission reduction
By opening your account through us you'll trade on lower commissions!
  Standard
Forex 0.48 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
0.18 Pips Monthly Cash Back
Metals 0.48 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
 0.18 Pips Monthly Cash Back
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
  Raw
Forex 38% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
13% Of Commissions Paid Monthly Cash Back
Metals 38% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
13% Of Commissions Paid Monthly Cash Back
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Commission reduction
By opening your account through us you'll trade on lower commissions!

Notes

38% Of Commissions Paid (or 25% + 13%) are based on account currency: ($2.66 AUD, CAD, SGD, $2.28 USD, €2.09 EUR, £1.71 GBP, $15.2 HKD, ¥190 JPY, R$11.40 BRL, $41.04 MXN, R41.04 ZAR, ₣2.28 CHF, zł9.272 PLN)

Rebate is converted to USD upon trade close.

FP Markets does not accept applications from U.S, Japan, Belgium or New Zealand residents.

For new ASIC-regulated accounts, only Professional clients are eligible for rebates.

What are FP Markets rebates?

Forex rebates reduce the spread or transaction cost paid by a trader on every trade, whether it’s a win or a loss. Rebate payment are offered in 3 forms including spread and commission reductions, daily trading account deposits, and monthly cash payments via bank wire, Paypal, Skrill and others.

How do FP Markets rebates work?

When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.

How much FP Markets rebates can I earn?

Use our forex rebate calculator to estimate your FP Markets rebate earnings:

 
You must enter a valid number

Which FP Markets rebate program is the best?

Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. Our clients can rest assured they are getting the highest rebates possible combined with the best possible customer support and consistent, timely and accurate rebates.

Will my FP Markets spreads increase?

There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at FP Markets.

How can it be better to work through a 'middle-man' than just working directly with FP Markets?

FP Markets rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.

A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.

Are FP Markets rebates worth the effort?

The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. FP Markets rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.

Why don't you offer more forex rebate brokers?

We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.

FP Markets Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
First Prudential Markets PTY Ltd Professional Clients Only 30 : 1
First Prudential Markets Ltd up to €20,000 30 : 1
FP Markets Ltd 500 : 1
FP Markets (Pty) Ltd 500 : 1
First Prudential Markets Limited 500 : 1
FP Markets LLC
Saint Vincent and the Grenadines
500 : 1

FP Markets Symbols

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