CURRENT Best Forex Broker – Think Markets Overview
FP Markets was incorporated in Sydney, Australia in 2005, and through its 14 years of experience, FP Markets succeeded to be one of the Market leaders in providing CFD and Forex. Our vision was to create a one-stop destination where traders could access a full suite of trading products in global markets. The convenience of being able to trade CFDs across equities, forex, indices, commodities, futures and Bitcoin from the one account is one of the factors that makes FP Markets one of the best Brokers in the Market.
FP Markets has become one of the most reliable and trustworthy brokers not only in Australia, over the years FP Markets had gained the trust of clients from all over the world, With 35 Industry Awards.
Our liquidity is sourced from multiple bank and non-bank liquidity providers who provide our clients with deep top of book pricing. This combined with tight spreads in a low latency trade environment makes FP Markets the ideal choice for active traders around the world.
Our awarded multilingual customer support team is also one of the key factors that helped FP Markets to get its high place in the market.
FP Markets offers a range of Account types, suitable for all kind of traders.
Features zero commission spreads from 1.0 pips and STP-Pricing
Features low commissions per lot, spreads from 0.0 pips and ECN-Pricing
Both Accounts minimum deposit is 100 AUD or equivalent and gives the traders access to 50+ FX pairs, metals, indices and commodities
All FP Markets Forex accounts include flexible leverage to a maximum of 500:1 and True ECN Pricing using our ultra-fast NY4 Equinix Servers in New York.
Please see the following link for the full information on our Forex account types:
Our Professional Account minimum opening balance is 1,000$ the account provides access to competitive DMA commission and margin rates with our professional trading platform options.
Our Platinum Account minimum opening balance is 25,000$ the account offers even lower commission and financing rates on our professional trading platform.
Our Premier Account minimum opening is 50,000$. Designed for the professional trader, the account has no platform fees and no minimum brokerage charge.
Please see the following link for the full information on our CFD account types:
Clients are able to open Individual, Joint, Company, Trust or Self-managed Superfund accounts with FP Markets. It is extremely easy to start a new account or transfer current CHESS sponsored accounts with no fees and charges. Traders can access all ASX listed stocks for as little as $14.95.
Features commissions 0.11% and Dividends at the payable date
Features commissions from 0.08%, Short Selling and Dividends at Ex-date
Please see the following link for the full information on our Share account types:
The Islamic Account is designed for, and accessible only to, clients who cannot pay or receive swaps or rollover interest on overnight positions due to religious reasons.
Islamic Accounts will not debit or credit swap charge or swap creditswhen holding positions overnight.
Please see the following link for the full information on our Islamic Account:
FP Markets offers the worlds most popular trading platform the MT4 featuring:
Streaming Live Prices on Live and Demo platforms
Expert Advisor and Indicator tools for trading
Multiple add-on platforms to access your trading anywhere, anytime
Client Terminal security communicates over a 128bit Secure Encryption
Fully customizable desktop, including background, font and chart colors
Multiple Language options changeable at a click of a button
One of the most technologically advanced trading platform. The FP Markets MT5 features:
FP Markets offers IRESS platform, which provides multi-product execution and access to level 2 exchange data as standard. The IRESS platform features:
The all-powerful Metatrader 4 (MT4) & Metatrader 5 (MT5) Platform easily accessible from your browser.
Trade directly from your PC without having to download any software with the FP Markets MT4 & MT5 Web trader featuring:
Making deposits and withdrawals is easy through our secure client portal. All you need to do is login using your client details and well provide you with all of the options you need to safely and securely fund and withdraw money from your account.
Credit Card, Neteller, Skrill, FASAPAY, Poli Pay, Online Pay, Bank Wire Transfer, Ngan Luong, Broker to Broker, Bpay
FP Markets offers a world of tradable products ranging from Forex, Bitcoin and Commodities to Futures and Global Equities CFDs, all available from one account.
As a fully regulated, true ECN Broker FP Markets does not offer bonuses. We attract clients with our unique trading conditions and our services.
FP Markets offers a wide range of educational materials for every and each kind of trader consisting of video tutorials, Ebooks, The Ebook Trading Course and a Glossary That contains every information a trader may need, and three series of education material convenient for all types of traders each one contains 2 parts.
Risk management will play a major role in any successful trading plan. If you use a trading method that allowed you to be successful the majority of the time you would assume that you would be profitable right? What would happen if your average losses were 60% bigger than your average wins?
Despite the fact that more of your trades are profitable, the fact that your losses are larger would result in your account going backward especially when you factor in transaction costs. This illustrates that the key to trading success lies not in achieving a greater number of profitable trades but in intelligent position sizing, management of your trading capital and risk management. Careful consideration given to these factors can ensure you are not overexposed to the market and that any losses incurred are kept relatively small.
As a side note, you should recognize as early as possible that losing trades are an inevitable part of trading. As a trader, we always aspire to increase the number of profitable trades and minimize the number of losing trades but the truth unfortunately is that there are too many factors influencing share prices at any given point to predict the outcome of a trade with any real certainty. Rather than focusing on a futile aspiration of trying to maximize profitable trades, it is advisable to instead focus on perfecting the things that you have a very high degree of control over. This, in simple terms, means controlling your risk.
Risk management plays such a crucial role in trading success because it allows you to protect your capital. It is essential that you know your stop-loss levels prior to entering a trade. It is best to know your exit price in advance for a number of reasons. Firstly, it is a critical element in the position sizing methodology discussed previously. Secondly predetermining your exit level allows you to make a decision when you have no capital at risk. You may have found in the past that it can be very difficult to make a trading decision whilst you have a position open. This is because decisions can be influenced by your emotions. Instead of this, if you predetermine your exit level and ensure you exit at your predetermined price you should find the whole trading experience much less stressful.
In order for this model to work we need to know three things; our entry price, our exit price and our available capital.
Developing a good trading plan will provide you with a solid framework to improve your trading. The first step to developing a trading plan is to define your specific goals and a time frame to achieve them. Successful trading is a by product of adhering to a sound plan that addresses your entry and exit strategies, risk and money management.
Fundamental or technical analysis can be used to analyze signals to determine when you should enter into a trade. There are a number of methods that can be used to determine your entry including buy low, sell high, buy high, sell higher or buy high, sell low for short selling.
A good trade entry price will generally account for around 10 20% of your overall trading success. Successful traders are able to pick entry points accurately, however overall they can often have more unsuccessful trades than successful but are still very profitable, through utilizing good risk and money management strategies.
The exit price of the trade should be determined prior to entering a trade. A stop-loss can be used to minimize any losses on a losing trade or to lock in profits on winning trades. A stop-loss should take into account the market you are trading, your trading goals, your trading time frame and your risk level. There are four main ways that stop-losses can be set. These methods can be used in isolation or together. It is important that you examine each exit price methodology to work out which method is best suited to your trading plan. Some methods are outlined below:
:Analyse technical indicators to determine stop-loss levels.
:Analyse movements in the share price and place the stop-loss based on a set reduction in the share price (e.g. a 5% reduction signals your exit).
:These stops are triggered by considerable volatility. A stop order is triggered if volatility occurs past a pre-defined level.
:Analyse trend lines or lines of support. Trend line breaks represent an ideal time to open or close a trade.
Cash is a companys life-blood. Regardless of how a company performs, if it runs out of money, it will fold up. A company must pay its employees, vendors and shareholders. Shareholders want a dividend unless the company retains cash to grow itself and increase share value.
Some believe a companys bottom line, its net income, represents the cash the company generated but net income is what remains after expenses are subtracted from revenues.
Net income is the government valuation when deciding tax liabilities. But governments need entrepreneurial growth to boost the economy and provide jobs, so incentives like depreciation and interest deductibility are allowed and can distort net income figures.
Traders are more interested in cash creation than earnings after adjustments, so they look at a companys free-cash-flow, its true cash flow, and what it has had available to invest in new initiatives or to pay investors via dividends. A companys free-cash-flow is its net income plus both depreciation and amortization expenses, but then minus the companys changes in working capital and capital expenditures. See below.
(Net income Amortization Depreciation) (Changes in working capital) (Capital expenditures) = Free cash flow
Traders also use a companys free-cash-flow data in a discounted-cash-flow analysis to see if its share price is expensive compared to the cash the company is able to generate.
Along aside with the Daily Market Report and the Research Library, which are also available on the Website
Numerous trade allocation methods available including, Equity, Lot and % Percentage
Lightning-fast allocation of trades from the MAM Master to the MAM Sub accounts
Ability to alter trading parameters during real-time.
No limits to deposit levels and trading accounts.
All order types including limit, stop and market are all accepted
The chance to monitor performance and commissions during real-time.
The chance to monitor live order management within the MAM structure.
At the heart of FP Markets forex offering is flexibility with both Multi-Account Manager (MAM) and Percent Allocation Management Model (PAMM) allocations available. FP Markets offers a true Electronic Communications Network (ECN) with deep liquidity and tight spreads that allows money managers to enjoy large volumes at the prices they ask for. Both the MAM and PAMMs can therefore provide managers the tighter control they need in order to maximize returns.
VPS (Virtual Private Server) hosting allows Forex traders to run automated algorithmic strategies, including EAs (expert advisors) on a Virtual Machine. Using a VPS solution reduces concerns about your computer shutting down or broadband not being available at a particular time. FP Markets has partnered with Liquidity Connect ), to provide a customized low latency solution for our traders. The FP Markets Edition VPS seamlessly connects traders to the Equinix NY4 grid using cutting edge technology.
This server-side solution includes state of the art hardware and virtualization technology delivering a solution without the cost or complexity of trading clustering solutions. The core infrastructure is housed in the Equinix New York Data Center, benefiting Active and Algorithmic (EA) traders.
If you are running EAs, it is vital that your platform is connected to our servers 24 hours a day.
Whether you are a novice or pro trader, you can now take advantage of a full range of tools to take your trading to the next level. Evolve with a variety of tools such as economic calendar, alarms and trade terminal and much more.Get started now with our helpfuluser guidesandvideo tutorialsbelow.
Gain the insight you need to tackle the markets, with Trader Toolbox.
Our awarded multilingual customer support team is available 24/7 to assist all our clients. Clients can reach FP Markets through
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354).FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
Spreads on our MetaTrader 4 platform are variable, with quotes coming from major international financial institutions. During liquid times our industry-leading spreads can go as low as 0.1 pips.
FP Marketshas developed advanced execution technology and provide comprehensive tools for both new and experienced Traders, including mobile applications and our own proprietary client area.
Its easy! You just need a few minutes to complete our simple registration process, provide required documentation, and your account will be ready in a matter of hours.
We support the following account types: We offer Individual, Joint, Sole Trader, Company, Individual Trustee and Corporate Trustee. At the first step of application page please select the relevant account type and complete the registration process following the instructions.
Yes! Both Iress and MT4 have a mobile platform that you can use to trade on the go. To download the platform please search IRESS or Meta trader4 on the android or apple app store.
We offer multiple funding currencies for our accounts which include AUD, USD, EUR, GBP, SGD, HKD, JPY, NZD, CHF, CAD and CNY.
Depends on the deposit method you used Wire transfers generally take between 1 3 business days depending on what time the funds were deposited or if it is an overseas funds transfer, BPay normally arrives next day, whereas credit card deposits are normally the quickest depending if we need verification.
Yes. To open an additional account (or multiple additional) simply log into your client portal and open it from there. Alternatively, you can send an email tating your account name, existing account number and your request.
If you have an MT4 account then you can request this within the client portal. Alternatively, you can send an email learly stating your account number, account name and your desired leverage. Using the IRESS platform you can only choose between a leveraged account and a non-leveraged account which would of been selected during the application process. If you wish to switch between a leverage or non-leverage account then please ith your request.
Client funds are held with National Australian Bank, one of the Big 4 Banks of Australia. FP Markets, in accordance with regulations, holds client money at a nominated account separate to FP Markets money from client money. Client money is paid into the FP Markets segregated account and can only be used as permitted under the strict client money provisions. All monies are dealt with according to the guidance of the Australian Client Money Rules under the Corporations Act.
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Latest CFD Forex Broker In 2019 – FP Markets Overview
Pairs Offered:10K+ including EUR/USD, GBP/USD, XAU/USD, DAX30, S&P 500
Markets:Equity CFDs, Index CFDs, Commodity CFDs, Futures CFDs, Currency Pairs Metals & Commodities Indices Shares