FP Markets Review crypto broker 2024

Our veredict

FP Markets is a well-regarded broker offering a comprehensive range of trading options, including cryptocurrencies, forex, and CFDs. The platform supports multiple trading platforms such as MetaTrader 4, MetaTrader 5, and the Iress suite, catering to both novice and experienced traders. FP Markets stands out for its low trading fees, fast execution speeds, and extensive regulatory oversight from ASIC and CySEC, which enhances its credibility and safety. The broker is highly recommended for traders seeking a robust trading environment with advanced tools and features like algorithmic trading, copy trading, and a reliable VPS service.

However, FP Markets has some drawbacks. The platform is not available to users in the United States, Japan, New Zealand, and some other countries. Additionally, while the Iress suite offers advanced features, it is only available to Australian clients and comes with higher costs. Despite these limitations, FP Markets is a solid choice for those looking to trade a diverse range of assets with reliable customer support and a variety of trading tools.

Pros

Low Trading Fees FP Markets offers some of the most competitive trading fees in the market, making it an attractive option for traders looking to maximize their profits without incurring high costs.
Extensive Regulatory Oversight FP Markets is regulated by top-tier authorities such as ASIC and CySEC, providing a high level of security and trust for traders who value regulatory compliance.
Fast Execution Speeds The platform is known for its rapid order execution, which is crucial for taking advantage of market opportunities and minimizing slippage in volatile cryptocurrency markets.

Cons

Limited Availability in Some Regions FP Markets is not available to residents of the United States, Japan, New Zealand, and some other countries, restricting access for traders in these regions.
Higher Costs for Iress Platform The Iress trading suite, while advanced, comes with higher costs and is primarily available to Australian clients, which may be a drawback for those looking for a cost-effective solution.

3,5

Threenvest Score

Fees

4,1/5

Regulated

ASIC, CySEC

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose FP Markets?

FP Markets is an excellent choice for cryptocurrency trading due to its robust trading environment and advanced features. The platform offers a wide range of cryptocurrencies, allowing traders to diversify their portfolios easily. With low trading fees and fast execution speeds, FP Markets ensures that traders can make the most of market opportunities without incurring excessive costs or delays. Additionally, the platform’s strong regulatory oversight from ASIC and CySEC provides a high level of security and trust, making it a reliable option for both novice and experienced traders.

The variety of advanced trading platforms available, including MetaTrader 4 and MetaTrader 5, further enhances the trading experience. These platforms offer powerful tools and features such as automated trading, advanced charting, and a variety of technical indicators, which can help traders make informed decisions and execute trades efficiently. The availability of copy trading and algorithmic trading options also allows traders to leverage the expertise of more experienced traders or automate their strategies for better results.

Moreover, FP Markets’ commitment to customer service and user satisfaction is evident through its 24/7 support and comprehensive educational resources. This ensures that traders have the necessary support and knowledge to navigate the complexities of cryptocurrency trading successfully. With its blend of advanced technology, regulatory reliability, and customer-focused approach, FP Markets stands out as a top choice for anyone looking to engage in cryptocurrency trading.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I recommend FP Markets for cryptocurrency trading due to its competitive low trading fees, fast execution speeds, and comprehensive regulatory oversight by ASIC and CySEC. The platform’s advanced tools and trading platforms like MetaTrader 4 and 5, combined with features such as automated and copy trading, provide a robust and flexible trading environment. These attributes make FP Markets an excellent choice for both beginners and experienced traders looking to maximize their cryptocurrency trading potential.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.