Visit to the FP Markets Limassol Office in Cyprus

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We checked the office of the FP Markets brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:

First Prudential Markets Ltd 109 Griva Digeni, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus

Verified the company's address

* The results of this inspection shall not be regarded as an advice to choose the broker.

The company is located at the stated address
We were able to speak to a company representative
We were able to visit the office as clients
Video of the company’s office

Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.

Traders Union's goal is to help traders understand the operation of FP Markets under CySEC regulation. Recently, Traders Union visited the office of FP Markets to verify that the company is genuinely operating in Cyprus and providing services there.

In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.

Brief dossier of FP Markets

FP Markets Review

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Foundation date	2005
Headquarters	FP Markets LLC, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines
Regulation	CySec, ASIC, FSCA SA, FSC, FSA, SVG FSA, MISA Licence number: 371/18, 286354
Official site	www.fpmarkets.com
Contacts	Email: support@fpmarkets.com, supportteam@fpmarkets.com, Phone: +44 28 2544 7780

A visit to the office of FP Markets in Cyprus

Blinov Vasily, our associate, visited the office of FP Markets located at the following address: First Prudential Markets Ltd 109 Griva Digeni, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.

The company's office is located near the sea coast, within the city limits. The windows offer views of Limassol. In a three-story building, the FP Markets office occupies the second (Reception) and third (directly employees' offices) floors.

FP Markets Office

The broker's office features a modern and professional environment designed to cater to the needs of both employees and clients. The office layout incorporates various functional areas, including a welcoming reception area, a guest zone, individual offices for employees, and a dedicated relaxation area. The reception area is tastefully designed with comfortable seating and showcases the broker's branding and corporate identity.

FP Markets Office

Representatives of the company gave a tour of the offices of the building. The offices for employees are strategically organized to optimize productivity and communication. Traders, analysts, and support staff work in separate offices, each equipped with advanced technology, multiple computer screens, and essential tools for efficient decision-making. The office design encourages collaboration and teamwork while ensuring individual focus on specific tasks.

FP Markets Office

The R&R zone for company employees serves as a space for employees to unwind and recharge during breaks. This area includes comfortable seating, recreational activities, and amenities like coffee machines or refreshment stations. The relaxation area fosters a positive work culture, promoting employee well-being and camaraderie.

FP Markets Office

A video report of the visit to the broker’s office

Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.

While visiting the company’s office, we also had an opportunity to speak to Stefania Michael Head of Partners Support & Operations FP Markets. She told in which countries the company has acquired offices and what plans it has. As for the company's hours of operation, according to Stefania, it works around the clock, including on weekends. She also spoke about the staff of the company. FP MARKETS is a fast growing broker with over a hundred employees in its head office. Plus to that - there are many employees and in other representations. The company works online, usually customers contact remotely. Among the main advantages, the company lists competitive spreads, work in a regulated environment and continuous self-improvement. Clients can expect quality service.

However, the company’s compliance did not approve the release of the video, so we cannot post a video review of the office and an interview with a representative of the company.

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Is a FP Markets safe broker?

Traders Union experts believe that FP Markets is a safe broker. This is evidenced by several factors, including:

Tier-1 Regulation: Regulated by a Tier-1 authorities.
Investor Protection Fund: Participation in the Investor Compensation Fund.
Segregated Accounts: Client funds are kept separate from company funds.
Longevity: FP Markets has a long history of reliable operating.

FP Markets safety and regulation

All FP Markets regulator	Country of regulation	Regulation level	Investor protection fund	Segregated Account
ASIC	Australia	Tier-1	No specific fund but has stringent consumer protection	Yes
CySec	Cyprus	Tier-1	Up to €20,000	Yes
FSA (Seychelles)	Seychelles	Tier-3	No specific fund	Yes
FSC (Mauritius)	Mauritius	Tier-3	No specific fund	Yes
FSCA SA	South Africa	Tier-2	No specific fund	Yes
MISA (Mwali)	The Comoros	Tier-3	No specific fund	Yes
SVG FSA	St. Vincent and the Grenadines	Tier-3	No specific fund	Yes

How does CySEC regulation protect investors?

EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.
Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.
Transparency and Accountability: Ensures brokers operate with high standards of transparency.
Client Fund Segregation: Requires brokers to keep client funds separate from company funds.
Strict Licensing: Only grants licenses to brokers meeting rigorous standards.
Continuous Monitoring: Regular audits and oversight to ensure compliance.

Beyond the office: practical advice for Forex investors

As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:

When examining reports from office visits to FP Markets, focus on details provided about their local business alliances and affiliations. These relationships can offer a meaningful perspective into FP Markets reputation and position within the surrounding financial sector.

For FP Markets specifically, look for mentions of partnerships with regional banks, financial technology companies, or educational institutions. Such collaborations frequently demonstrate a broker's commitment to serving the local community and may translate to superior client service.

Additionally, consider any memberships FP Markets maintains with local forex associations or regulatory organizations. Research by the Global Forex Analytics Group found brokers actively involved with area financial associations had a 28% lower rate of client issues and disputes. This involvement often correlates to better adherence to professional standards and a deeper understanding of regional trading environments. Such engagement can be a positive signal when assessing a broker.