FPMarkets is our second recommended forex broker. FPMarkets is an Australia-based CFD and Forex Broker.

Some important information about FPMarkets is listed below

  • Regulated by ASIC, CySEC, and the Financial Services Authority of St. Vincent and the Grenadines.
  • Founded in 2005 with more than 16 years of experience
  • Rated with an overall rating of 4.28/5 by fx-australia.com and 4.8/5 from the review by Trustpilot.
  • Support various trading instruments including Forex, Metals, Indices, Energies, Stocks, Forex Exotic, and Crypto.
  • Only two types of trading account for MetaTrader – Standard, and Raw.

Why do we recommend FPMarkets?

Other than the above advantages, the key reason that we recommend FPMarkets is because the trading condition and the account type match our Exper Advisor’s requirement on brokers as follows.

  • Support leverage of 1:500 and above (Some Countries might not get this due to local regulations).
  • Very competitive Spread for EURUSD – 12 -14 points.
  • Easy to deposit/withdraw from/to local bank. We can’t speak for all countries but for Malaysia, it can easily withdraw to Maybank, Hong Leong Bank, CIMB Bank, and RHB via PayTrust88.
  • Very reputable based on our research on the Internet.

However, there are two drawbacks to FPMarkets.

  • No Cents Account – Without a cents account, all our clients will need to start with a minimum of USD 2,000.
  • Swap Fee – There is no option to enable no swap fee. However, this impact is small as most orders will close within a day.

Due to the above drawback, FBS is still our main recommended broker for our Algorithmic Trading Apprentice Program, especially for those who would like to try with small capital.

While for some customers that prefer a more reputable Forex Broker, FPMarkets is another option.

If you are looking for a great forex broker, you can register your account here. Please note that we will gain some commission with your registration here.

All brokers has its own broker’s risk.You should research and decide based your own circumstances. Limitless Trading will not be liable for any loss for your registration with this broker.

Limitless Trading