There are many Forex brokers to trade but not all Forex brokers are reliable and trustworthy. Many people want us to know what kind of broker is good for trading or what kind of a broker can be used for real trade. The answer to the question is as simple as it is difficult to answer. The main reason for this is that the broker depends on several factors directly involved with the trader and trading strategy. I have already discussed with you several brokers that you can see in the Broker section of our website. Today’s article is basically about FP Markets Broker. Many people want to know about this broker and some of the issues associated with it. For your benefit, I present to you the details of this broker.
FP Markets Broker Regulations
One thing to always remember, to trade you will always choose a broker that is regulated and whose support system is very good. Since brokers provide customer support through online and in Bangladesh no broker has a direct office, traders are very worried about invested money. But if the broker is regulated then there is nothing to worry about in the fund. Earlier, we published an article on broker selection. It is important to read this Broker Scam article if necessary.
The FP Markets Broker Regulation is very strong. This broker is registered and operated through the Australian Stock Market. It also has a Cypriot security exchange license that allows you to start real trading at this broker without fear. For your benefit, we provide the following information of the Regulation:
- ASIC: Australian Securities and Investment Commission. (ABN 16 112 600 281, AFS Licence No. 286354). Reference
- CySEC: First Prudential Markets Ltd. License Number 371/18; Registration Number 372179. Reference
How to open an account?
Opening an account with a broker is very easy. You do not have to pay any fees or charges for this. If you want from Bangladesh, you can register a real trading account with this broker. Please visit the broker’s official website for this. Links – www.fpmarkets.com. Or you can register by clicking on the image below.
After clicking on it, there is a button called “Open Live” on the page that appears in front of you. Please click that button. After clicking, a new page will appear in front of you to fill in the information provided on the screen.
Click on “Account Types” and select “Individual” from there and gradually select “Bangladesh” in the “Country” cell below. Then, provide the first part and the last part of your name. For example, if your name is “Ahmed Shovon” then enter Ahmed in the “First Name” cell and Shovon in the “Last Name” cell.
Then, enter your email id and provide the phone number. Then click on the “Next” button below. Then, another new page will appear in front of you, complete with the information shown on the screen. Only then can you register your account. Once you have an account, you will be notified by email.
FP Markets Broker Account Type
Brokers offer the convenience of registering different types of trading accounts. You can register a trading account from there. However, we recommend that you open an account by selecting this broker’s “Standard Account”. Because the broker offers the minimum deposit facility in this account. At the same time, the amount of spread is much lower than other brokers. Here is a variation of different trading accounts for your benefit.
Also, there are two types of accounts that allow you to use robots, VPS and mobile apps. For those whose initial investment may be less, we suggest “Standard Account” and those whose investment amount may be higher can register as “Raw Account”. For more details on this, please visit the broker’s official website. www.fpmarkets.com
FP Markets Broker Verification
For real trading, you must first fully verify your trading account. Remember, you cannot start trading without verifying. That is, account verification is mandatory in this broker. Account verification will require you to submit two documents.
- Verifying ID: NID / Passport / Driving License
- To Verify Address: Utility Bill / Bank Statement
Verify ID: You need to upload a copy of your ID or passport in your name. Keep in mind, however, that online copies, screenshots, or scanned documents will not be accepted in any way.
Similarly, to verify your address, you have to upload a colored copy of the bank statement, such as electricity bill, gas or water bill or if it is not there. You may need to wait a while for the document to be uploaded. Once the document has been successfully verified, you will be notified via email.
FP Markets Broker Deposit and Lift
Depending on the customer’s needs, this broker offers various ways to deposit funds. However, our advice for Bangladeshi traders is to deposit funds through Neteller or Skrill. If you have an account with either of these two then you can easily deposit this broker fund.
To deposit a fund, please log in to the broker cabinet first and from there you can easily deposit the fund by clicking the “Deposit” button, selecting the medium you want to deposit and following the instructions on the screen. You can also raise funds by following the same process when raising funds.
FP Markets Broker Summary
FP Markets Broker is ideal for those looking for a good and reliable broker. Regulation, broker’s support system because you want to start the real trade in this broker. For your benefit, I present some points to you.
- For those who want to trade in ECN category brokers, this is the default broker.
- This broker is ideal for those who want to trade in low spread brokers. Because its broker will allow you to trade at the lowest spread.
- By regulation, it is very strong. They have ASIC and CySEC licenses.
- Swap-Free or Islamic Account.
- Instant Fund Deposit and Withdrawal Facility
- 24/5 support team where you can receive services via live chat, email, and phone.
- Entry completed in less than 40 milliseconds.
- The amount of leverage is 500: 1
- Provide facilities for more than 5 trading instruments including stocks, CFDs, and indices.
- If you have any special information or information you need about this broker, please let us know. We will endeavor to provide all possible assistance.
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