Security, Usability, Look & Feel – Feature Packed Trading
FPMarkets allow crypto trading, and all other products, at a minimum execution of 0.01 lot. The maximum trading volume allowed at FPMarkets is a trade of 50 lot. With ECN and STP executions, we found spreads to be very tight with excellent transparency over the trading price.
For the purpose of this FPMarkets review, we tested the MetaTrader 4 platform as it is conserved the most likely of choice for clients as it is the obvious free option. The FPMarkets web trading platform feels a touch outdated at times but makes up for it with considerable customizability. We found it easy to adjust the size and positions of tabs but a little bit of time was needed to find all the features.
FP-Markets Highlights
- Simple account creation process
- 12 crypto CFDs available
- Low minimum spreads
Deposits and withdrawals were easy to find however, and were all clearly displayed in the
Client Area. Our FPMarkets review found the design of the platform left a little to be desired, with a white colour scheme and, again, an outdated look. The website is provided 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. The platform performed well, with snappy responses, however, a lack of price alerts was a let-down.
The MetaTrader 4 Platform has excellent compatibility with a native app for iOS, Windows, Android, and as a Web Trader. MetaTrader 4 leverages 128-bit encryption protocols for very secure trading on both live and demo accounts. We found
One-Click Trading
with MetaTrader 4 to be very responsive and there were no requotes or freezing. TradingView and cTrader are also available as trading platforms.
👍 Start using TradingView with FPMarkets
⤵️ FPMarkets offers the free app download
How to Trade
– FPMarkets Crypto Trading
The account opening procedure is rather pain-free and took us about 10 minutes to complete entirely online. Our account for this FPMarkets review was approved on the same day. We determined the procedure could be broken down into 4 easy steps:
- Provide your full name, country of residence, and email address.
- Next, you’ll be asked to provide details such as D.O.B, residential address, and your profession.
- Choose your account type and your trading platform, along with your desired base currency.
- Finally, you’ll be required to complete a brief questionnaire and be required to prove your understanding of basic financial products
You can observe the crypto markets within the
Market Watch
feature of MetaTrader 4. Alternatively, you can search for a preferred cryptocurrency. Once you have finalised your crypto of choice, you can choose a leverage you are comfortable with. You can finalise the CPD trade by matching the required margin to make the trade. MetaTrader 4 have great inbuilt tools to study and follow the price movements of your chosen crypto trade.
Making a withdrawal at FPMarkets was quite simple. After logging into the Client Area and accessing the Funding tab, we simply selected our method and an amount. Our FP Market review used a credit card and our withdrawal only took 1 day to be processed.
| 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, Czech, Greek, Ukrainian, Chinese, Korean, Vietnamese, Thai |
| Customer Support |
Live Chat, Phone, Email Support |
| Email |
supportteam@fpmarkets.com |
| Phone |
+44 28 2544 7780 |
| Licence |
ASIC – Australian Securities and Investments Commission |
 |
| Verified by |
– |
| Payment Methods |
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Payments – Fee Free Transactions
Our FPMarkets Review found multiple accepted payment methods in at least 10 different currencies including AUD, NZD, EUR, and GBP.
- Credit and Debit cards including Visa, Mastercard and Union Pay.
- Wire Transfers from Australian banks are free but international transfers cost $10AUD per transaction.
- E-wallets are also accepted with the FP Markets website identifying NETELLER, Skrill, PayPal and Bpay
- Fasa Pay is only accepted in USD
There are no withdrawal and deposit fees, with some minor exceptions, or account and inactivity fees. Withdrawal times greatly vary at FPMarkets with card payments taking anywhere from 4-5 business days, Wire transfers from 2- 7 business days, and e-wallets were the fastest at 12-24 hours.
We found deposits when using our MetaTrader 4 account to be instant. Our FPMarkets Review showed a minimum deposit requirement of $100AUD and there is no minimum withdrawal amount specified. We’d recommend either Bpay or a Card payment due to no fees and fast withdrawal speeds.
Customer Service – Help When You Need It
Our FPMarkets review revealed three methods of customer support in the form of a live chat, phone line, and email contact. An excellent feature of FPMarkets is the expansive range of languages available including Arabic, Chinese, English, Greek, Russian, and several other European and Asian languages.
The phone lines are seriously fast. During our FPMarkets crypto review, our phone calls were answered within 30 seconds on average, although we found email support to be superior. Email responses were both quick and provided relevant answers. Over several emails during our testing for this FPMarkets review, we received fantastic responses within a couple of hours.
Live chat was also incredibly responsive and informative but all the customer service methods would have benefited from 24/7 availability. FPMarkets provide the live chat option in every window of their website. The live chat option is very easily visible and accessible.
License & Security – Is FP Markets Safe?
This broker is considered very safe owing to a long, proven history and regulation by the following authorities:
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Authority of St. Vincent and the Grenadines
There is no investor protection under ASIC, however, the lengthy track record of this broker proves it has successfully survived previous financial crises and it has continued to maintain a solid record.
The MetaTrader platforms are secured with 128-Bit Secure Sockets Layer (SSL) encryption and the additional option to enable Two-Factor Authentication (2FA) when logging in. FPMarkets complies with all industry regulations and all funding and payments are secured. All funds are kept in segregated accounts at the National Bank of Australia, so your funds are safe from business failure.
Reputation and Customer Feedback – Glowing reviews for FPMarkets crypto trading
In 2019, FPMarkets was awarded the Best Global Forex Value Broker at the Global Forex Awards and the broker was named Forex and CFD broker with the best quality of trade execution in the 2019 Investment trends Australia Leverage Trading Report. Most recently, FPMarkets was recognised as the best Forex broker in Australia for the year 2020 by the FX Australia Forex Awards.
Our FPMarkets review research provided us with a view that this broker is perceived as a trusted, customer-focused broker that comes highly recommended for beginner traders.
Online FPMarkets reviews are all highly positive, exemplified by a 93% excellent rating by customers on Trustpilot. A majority of reviews commend the customer service of FPMarkets and comments regarding speedy withdrawals.
Overall Conclusion – CFD Crypto Trading with FPMarkets
FPMarkets is an Australian global CFD and Forex broker with over 15 years of industry experience and is regulated by ASIC. Our FP Markets crypto New Zealand review showed that this broker offers exceptional confidence in its offerings of CFD’s across a vast range of markets including Forex, commodities, cryptocurrency, futures, and equities.
This broker proved to offer very low forex fees and zero non-trading fees including no deposit or inactivity fees. Both deposits and withdrawals during the course of our FPMarkets review were incredibly fast and easy. Opening an account at FPMarkets is very simple and the educational tools provided are exceptionally high quality – perfect for the novice New Zealand crypto trader.
It is our recommendation that FPMarkets is a very safe and high-quality broker that offers multiple trading platforms for CFD trading. FPMarkets provide a very customer-centric service and provide advanced trading platforms that cater for every level of trader, be they advanced or a beginner.
FPMarkets Review FAQ
🥇 What is a Crypto CFD?
Looking to buy crypto currency online? There are several ways to invest in cryptocurrencies. A crypto CPD is a way to invest in the growth or failure of a cryptocurrencies price.To see if crypto CFDs are available at FPMarkets, take a look at our latest guide
💲 What Can I Trade at FPMarkets?
Online brokers and
crypto exchanges
offer a myriad of investment opportunities that are easily accessible, affordable, and very diverse. FP Markets offer an expansive array of investment options with multiple means of accessibility – to find the specifics of their trading options, take a look at our recent FPMarkets review.
💻 What Trading Platforms Are Offered at FPMarkets?
Online brokers offer their services through
crypto trading
platforms that allow users to access markets within their web browser, mobile phone, or personal computer. FPMarkets provide access to multiple online trading platforms like the cTrader and TradingView each with its own unique benefits.
