FP Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FP Markets trading signals. You will learn what kinds of trading signals FP Markets offers and what the conditions for using them are.
Short introduction of FP Markets
The FP Markets trademark is managed by FP Markets LLC registered in 2019 in St.Vincent and the Grenadines under number 126 LLC 2019. It is part of FP Markets Group with its head office in Sydney which was opened in 2005. Today, the brokerage holding firm operates using ECN (Electronic Communication Network) and DMA (Direct Market Access) technologies. It is regulated by ASIC, MISA, FSCA | South Africa, FSA | Seychelles, and FSC | Mauritius. FP Markets offers over 10,000 CFDs, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Iress, and leverage up to 1:500. The broker doesn’t provide its services to residents of the U.S. and the countries that are on sanction lists.
| 💰 Account currency: | USD, EUR, AUD, GBP, PLN, SGD, HKD, CAD, CHF, and JPY |
| 🚀 Minimum deposit: | AUD 100 or equivalent |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | Standard — from 1 pips Raw — from 0 pips |
| 🔧 Instruments: | Currency pairs and CFDs on metals, indices, commodities, stocks, ETFs, bonds, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/50% |
FP Markets Pros and Cons
👍 Advantages of trading with FP Markets:
•Trading accounts in 10 currencies;
•Licenses from 5 jurisdictions;
•Negative balance protection for retail traders;
•Account types with different approaches to trading fee calculation;
•Copy trading, hedging, scalping, and expert advisors are allowed;
•Trading platforms customized for CFD and Forex trading;
•Wide choice of payment systems for making deposits and withdrawals.
👎 Disadvantages of FP Markets:
•Cent accounts are not available;
•If the broker fails to fulfill its obligations, compensation for losses is available only to traders from the EU;
•Spreads on the Standard account are not the tightest on the market.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
FP Markets Trading Signals
FP Markets’ fees vary subject to the account type and the market. Fees on the Standard account are spreads. On the Raw account, spreads start at 0 pips, and there is a $3 fee per lot for trading Forex and metals. Fees for trading CFDs on U.S. stocks and ETFs are 2 cents per stock (min $2), and for stocks of other markets, they are 0.05%-0.2% per direction (min $2/EUR 2/GBP 2/AUD 5). The broker doesn’t charge deposit and withdrawal fees. Also, it compensates fees up to $50 if deposits of more than $10,000 are made by international bank transfer. Withdrawal fees withheld by payment systems or blockchains are not compensated by the broker. There is no inactivity fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $10 | Fees of payment systems and banks |
| Raw | $0 | Fees of payment systems and banks |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that FP Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.