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Crypto Trading FPMarkets Review Australia 2024

Forex
CFD
Crypto
FP-Markets
Favicon
4.5/5
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:500
Trading Platforms
Android, iOS, MT4, MT5, Custom
Go to FP-Markets
T&Cs apply, 18+
FP-Markets
Favicon
4.5/5
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Trading Costs
-
Mini Contracts
Yes
Go to FP-Markets
T&Cs apply, 18+
FP-Markets
Favicon
4.7/5
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Amount of Currencies
12
BTC/USD Spread
62
Go to FP-Markets
T&Cs apply, 18+
Details
Payment Methods
User Reviews
Video Review

Welcome to our FPMarkets review. As far as online brokers go, you’ll find a wealth of opportunities to trade crypto on FPMarkets, as well as a range of other trading products.

FPMarkets combines traditional trading and crypto trading to bring you an intuitive online platform. In our FPMarkets review 2024, you’ll find out more about the site’s efficient payment options, low spreads, and some of the best market prices, no matter what you wish to trade.

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Pros & Cons of FPMarkets
  • Regulated by the Australian Securities and Investment Commission
  • Award-winning customer service
  • Highly-effective trade executions
  • Informative and comprehensive educational resources on offer
  • Fees on stock CFDs are relatively high
Payment Methods
Neteller
PayPal
Bank Transfer
+
License
ASIC - Australian Securities and Investments Commission
Company
First Prudential Markets Pty Ltd
Founded
2005
Website
fpmarkets.com
Available Languages
EN
DE
+
Customer Support
Live Chat, Phone, Email Support
Email
supportteam@fpmarkets.com
Phone
+44 28 2544 7780
Overall Rating
4.5/5
  • Usability, Look & Feel
    4.5/5
  • Mobile App
    4.3/5
  • Payment Methods
    4.4/5
  • Customer Service
    4.3/5
Payment Provider Safety Approval rate
Neteller high
PayPal very high High
Bank Transfer very high
Visa high
Mastercard high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%

Watch our in-depth review of FP Markets!

Alexander Foster
Alexander Foster
Last Updated on 18/07/2024

Security, Usability, Look & Feel of FPMarkets

Our FPMarkets review Australia tested the overall platform to find out what the design, usability, and perceived security levels are. Our first impression of the platform was slightly underwhelming. The standard design and layout seems outdated and the website is not as streamlined as you’d expect. However, first impressions are not always a true indicator of the inherent qualities of a trading platform.

FP-Markets
4.7/5
FP-Markets Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • Award-winning customer support
  • Educational tools available
  • Regulated and licensed

This is where our FPMarkets review Australia found the platform to excel. Although the trading platforms are in need of an update or two, you’ll find that there is a lot on offer. Added to which, the ability of the platform to facilitate high trading volumes is a good sign of things to come if you wish to engage in the massive online Forex market. FPMarkets review 2024 also found that the online broker has a deep liquidity pool for all products, allowing for large-scale trading on all ends of the spectrum.

FPMarkets has not experienced any real threats to their overall security and maintains strong oversight over all of the platforms, cTrader, TradingView including their mobile trading platform. Functional, accessible, and secure sums up the FPMarkets review Australia of their overall website. Also the website is available in these languages: Italian, English, Arabic, German, Ukrainian, Chinese, Czech, Greek, Spanish, Brazilian Portuguese, French, Korean, Polish, Irish, Portuguese, Indonesian, Vietnamese, Thai, South African English. Another secure and reliable online broker comes in the form of our XM com review.

How To Trade – Our guide to FPMarkets crypto trading

If you are looking to start trading in crypto on the FPMarkets platform, use the following step-by-step guide to ensure that you experience a seamless registration process and start trading as soon as possible.

  1. The first step is to create an account with FPMarkets. You’ll be able to open a demo account (advisable for novice traders) or a live account.
  2. If you do choose to open a live account, you can click on the “Open Live” button.
  3. You’ll need to fill out the online form with regards to your personal details, any additional information, account configuration, and declaration
  4. Once you have done this, you’ll be ready to start trading after depositing funds into your FPMarkets account.

The best way to trade cryptocurrency on the FPMarkets website is by using the MetaTrader 4/5 platform the cTrader or TradingView . It’s customizable, offers one click trading, has live price streaming, and will allow you to enable MarketWatch.

Let us assume you wish to trade in Bitcoin on the MetaTrader5 platform. All you need to do is keep track of your margin rate and use the currency of your choosing. If you buy a digital coin because you believe the BTC/AUD price will increase. If your spread is 40%, you only need to cover 40% of the total position value. If the price moves in the right direction at any time, you can sell your coin and make a return. Please keep in mind that this is not investment advice but rather an example of how trading in crypto CFDs work.

Company
Company First Prudential Markets Pty Ltd
Headquarter Level 5, Exchange House, 10 Bridge Street, NSW2000 Sydney, Australia
Year of Founding 2005
CEO Matt Murphie
Website www.fpmarkets.com
Available Languages English, German, French, Italian, Spanish, Russian, Polish, Portuguese, Arabic
Customer Support Live Chat, Phone, Email Support
Email supportteam@fpmarkets.com
Phone +44 28 2544 7780
Licence 154 461 104
ASIC - Australian Securities and Investments Commission
Verified by
Payment Methods
Neteller
PayPal
Bank Transfer
Visa
Mastercard
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Payments - Our FPMarkets Review Australia

When it comes to payments, you’ll want to take a look at the available payment options on hand before you make a deposit. This will help you identify the best payment option that is available to you. For FPMarkets crypto Australia users who wish to find their account, there are 7 payment methods that support AUD. Bank transfers, card payments, BPAY, Neteller, PayPal, POLi, and Broker to Broker payment methods are all available.

Neteller
PayPal
Bank Transfer
Visa
Mastercard

For deposits, it is wise to make use of an option that you prefer security-wise and one that facilitates fast deposits. There are no deposit fees for all of the available options. If you use the MT4/5 trading platform, you’ll find that most deposit options will clear immediately while for users of the Iress platform, it usually takes one business day to clear.

When it comes to withdrawals, traders can withdraw via their bank card, domestic bank wire, Neteller, and PayPal. If you use Neteller as your chosen withdrawal method, you will incur a fee capped at a maximum of 2%. Otherwise, withdrawal fees are set at $30 per $45,000 transaction. Domestic bank wires will cost $10 per withdrawal. The remaining methods are free and all options will take 1 business day to clear.

Customer Service - A choice of contact methods available

Much like our FX Open review, we’ve put the customer service team to the test. What transpired was nothing short of astounding as our latest FPMarkets crypto review was blown out of the water. The customer service team is responsive, attentive, and highly-effective.

The best place to start is by visiting the FAQ section. Here, you have a comprehensive overview of all the general queries that customers tend to have. For the most part, you will be able to answer a question or resolve a query just by doing this. However, you also have the option of getting in touch by using the live chat function. There are 12 different languages on offer and the live chat function is available 24/7.

For those who prefer to contact FPMarkets crypto Australia by email, you can do so at sales@fpmarkets.com. There are a number of active telephone lines available, too.

  • General: +61 (0)2 8252 6800
  • Toll free: 1300 376 233

FPMarkets prides itself on customer service and the ability to resolve any issues, disputes, or complaints that may arise during online trading activities.

License & Security at FPMarkets Crypto Australia

When it comes to licensing and security, our FPMarkets crypto Australia review is delighted to announce that there is full regulatory oversight of this online broker. This ensures that the online brokerage services offered by FPMarkets crypto Australia are fair, transparent, and provided in good faith.

FPMarkets is regulated by the Australian Securities and Investment Commission. Furthermore, they hold an Australian Financial Services License and as such, FPMarkets are allowed to provide full-scale financial services.

ASIC - Australian Securities and Investments Commission
CySEC - Cyprus Securities and Exchange Commission
FSCA - South African Financial Sector Conduct Authority

When it comes to online security, our FPMarkets crypto review found that the platform is protected by the latest SSL technology. This means that all data that is provided on the site is fully encrypted and securely stored. There is no need to worry about your personal information or your financial funds being accessed unlawfully. FPMarkets crypto Australia is also committed to implementing their privacy policy across the board. This is much like what you’ll find in our IG review.

Reputation & Customer Feedback – Great feedback from FPMarkets reviews

FPMarkets enjoys strong customer satisfaction and this shows in the raft of positive reviews that continue to stream in on a weekly basis. Traders laud the platform’s extensive offering of trading tools, quick deposits and withdrawals (not always the case with online brokers), extremely low spreads, and top customer support.

Certain customers have even stated that they received a welcome call on the same day they created an account. This speaks volumes to the special attention given to each trader on the platform. We couldn’t find much in the way of any glaring issues that have been reported by existing or previous customers. This is a good sign in terms of the platform’s ability to resolve inevitable issues and provides us with good insight into the capabilities of FPMarkets.

FP-Markets Stocks
FP-Markets Crypto

12 Cryptocurrencies - FPMarkets Review Australia

Interest in trading in cryptocurrencies has grown immensely over the last decade. Not only do crypto exchanges allow you to trade a plethora of crypto coins, but various online brokers are getting in on the act. The FPMarkets cryptocurrency platform enables you to trade crypto CFDs. Keep in mind that you will not be able to engage in spot trading as is the case on a crypto exchange. The nature of CFD trading means that you will speculate on the price movements of the underlying asset (FPMarkets crypto options). Take a look at the latest cryptocurrency brokers if you wish to directly buy and sell crypto online.

FP-Markets
4.7/5
FP-Markets Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • Award-winning customer support
  • Educational tools available
  • Regulated and licensed

In terms of actual FPMarkets crypto trading options, it goes without saying you can trade FPMarkets Bitcoin. However, there’s much more on offer – such as Bitcoin Cash, Ethereum, Litecoin, Ripple and more. What’s more, you won’t require a digital wallet when practicing FPMarkets crypto trading. The market is accessible on a 24/5 basis and the prices you’ll be speculating on rise and fall on a continuous basis.

Fees - FPMarkets Crypto Review

When it comes to our FPMarkets crypto review, we’ve outlined the fees you can expect to pay when creating an account. Fees to vary depending on the account type you sign up for. With regards to the standard account, there are no commission fees that are charged. If you wish to make use of the Raw account, you’ll be charged a baseline commission rate of $3 per lot, each way. Transaction fees are built into the spread for all standard users, across trading products. For Raw account users, you’ll be charged a transaction fee of $3.50 for Forex trades and $3 when trading metals. The rest is all built into the spread and you won’t incur an additional charge.

For those traders who would prefer to use the IRESS account types, there are 3 different options on hand. The first is the standard IRESS account type. Commission rates are set at $10 minimum, then 0.1%. For the Platinum account, the base commission rate is $9, then 0.09%. For the Premier IRESS account, there is no minimum commission rate. However, you’ll be charged 0.08% afterwards.

Jurisdictions and Limits of FPMarkets Crypto Trading

When it comes to jurisdictions and limits on the FPMarkets crypto Australia platform, you’ll have an abundance of options at your disposal. There are few limitations in the way as this online broker provides you with access to an array of stock exchanges and a multitude of crypto CFD trading options.

FP-Markets
4.7/5
FP-Markets Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • Award-winning customer support
  • Educational tools available
  • Regulated and licensed

One factor that might persuade crypto traders to look elsewhere is that FPMarkets does not cover as many cryptocurrencies as can be found on other crypto trading platforms. However, the major coins are all present and provide great value to those who wish to dip their feet into the digital currency trading sphere.

Other Trading - Alternatives to FPMarkets Crypto Trading

Our FPMarkets review 2024 has established that the platform was first created with a focus on Forex trading. This online broker has years of experience providing trading services and has a number of different products on offer. This should please traders who are keen to engage in FPMarkets crypto trading and branch out into other markets.

The latest from our FPMarkets review shows that the online broker provides you with access to Forex trading with more than 70 different currency pairs; commodities trading; indices trading with 19 different global indices; and over 10,0000 different shares from a number of exchanges.

Ultimately, FPMarkets review 2024 highlights that this broker specializes in Forex and CFD trading with FPMarkets crypto trading and the above-mentioned markets making up the entire trading package.

FP-Markets
4.7/5
FP-Markets Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • Award-winning customer support
  • Educational tools available
  • Regulated and licensed

Overall Conclusion - Our final thoughts on FPMarkets

If you are looking for a platform that offers top-quality and extensive trading options, then FPMarkets may well be for you. With decent account fees, low spreads, a variety of crypto CFDs on the table, and an astounding support team, there’s not much you can fault.

If you are a crypto trader at heart, then we recommend you use our featured crypto exchanges. This will allow you to directly buy and sell cryptocurrencies other than trading in CFDs. Otherwise, check out our latest coverage of online brokers by reading our eToro review and Plus500 review.

FP-Markets
4.5/5
Rating
Go to FP-Markets
Highlights
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals

User Reviews for FP-Markets

No review posted yet.

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Forex
CFD
Crypto
FP-Markets
Favicon
4.5/5
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
Go to FP-Markets
T&Cs apply, 18+
FP-Markets
Favicon
4.5/5
  • No withdrawal fees
  • Several base currencies
  • Demo-account available
Go to FP-Markets
T&Cs apply, 18+
FP-Markets
Favicon
4.7/5
  • Award-winning customer support
  • Educational tools available
  • Regulated and licensed
Go to FP-Markets
T&Cs apply, 18+
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