Crypto Trading FPMarkets Review Australia 2021
Welcome to our FPMarkets review. As far as online brokers go, you’ll find a wealth of opportunities to trade crypto on FPMarkets, as well as a range of other trading products.
FPMarkets combines traditional trading and crypto trading to bring you an intuitive online platform. In our FPMarkets review 2021, you’ll find out more about the site’s efficient payment options, low spreads, and some of the best market prices, no matter what you wish to trade.
Pros & Cons of FPMarkets
- Regulated by the Australian Securities and Investment Commission
- Award-winning customer service
- Highly-effective trade executions
- Informative and comprehensive educational resources on offer
- Fees on stock CFDs are relatively high
Our FPMarkets review Australia tested the overall platform to find out what the design, usability, and perceived security levels are. Our first impression of the platform was slightly underwhelming. The standard design and layout seems outdated and the website is not as streamlined as you’d expect. However, first impressions are not always a true indicator of the inherent qualities of a trading platform.
This is where our FPMarkets review Australia found the platform to excel. Although the trading platforms are in need of an update or two, you’ll find that there is a lot on offer. Added to which, the ability of the platform to facilitate high trading volumes is a good sign of things to come if you wish to engage in the massive online Forex market. FPMarkets review 2021 also found that the online broker has a deep liquidity pool for all products, allowing for large-scale trading on all ends of the spectrum.
FPMarkets has not experienced any real threats to their overall security and maintains strong oversight over all of the platforms, including their mobile trading platform. Functional, accessible, and secure sums up the FPMarkets review Australia of their overall website. Another secure and reliable online broker comes in the form of our XM com review.
How To Trade – Our guide to FPMarkets crypto trading
If you are looking to start trading in crypto on the FPMarkets platform, use the following step-by-step guide to ensure that you experience a seamless registration process and start trading as soon as possible.
- The first step is to create an account with FPMarkets. You’ll be able to open a demo account (advisable for novice traders) or a live account.
- If you do choose to open a live account, you can click on the “Open Live” button.
- You’ll need to fill out the online form with regards to your personal details, any additional information, account configuration, and declaration
- Once you have done this, you’ll be ready to start trading after depositing funds into your FPMarkets account.
The best way to trade cryptocurrency on the FPMarkets website is by using the MetaTrader 4/5 platform. It’s customizable, offers one click trading, has live price streaming, and will allow you to enable MarketWatch.
Let us assume you wish to trade in Bitcoin on the MetaTrader5 platform. All you need to do is keep track of your margin rate and use the currency of your choosing. If you buy a digital coin because you believe the BTC/AUD price will increase. If your spread is 40%, you only need to cover 40% of the total position value. If the price moves in the right direction at any time, you can sell your coin and make a return. Please keep in mind that this is not investment advice but rather an example of how trading in crypto CFDs work.
|Year of Founding||2005|
|Customer Support||Live Chat, Phone, Email Support|
When it comes to payments, you’ll want to take a look at the available payment options on hand before you make a deposit. This will help you identify the best payment option that is available to you. For FPMarkets crypto Australia users who wish to find their account, there are 7 payment methods that support AUD. Bank transfers, card payments, BPAY, Neteller, PayPal, POLi, and Broker to Broker payment methods are all available.
For deposits, it is wise to make use of an option that you prefer security-wise and one that facilitates fast deposits. There are no deposit fees for all of the available options. If you use the MT4/5 trading platform, you’ll find that most deposit options will clear immediately while for users of the Iress platform, it usually takes one business day to clear.
When it comes to withdrawals, traders can withdraw via their bank card, domestic bank wire, Neteller, and PayPal. If you use Neteller as your chosen withdrawal method, you will incur a fee capped at a maximum of 2%. Otherwise, withdrawal fees are set at $30 per $45,000 transaction. Domestic bank wires will cost $10 per withdrawal. The remaining methods are free and all options will take 1 business day to clear.
Much like our FX Open review, we’ve put the customer service team to the test. What transpired was nothing short of astounding as our latest FPMarkets crypto review was blown out of the water. The customer service team is responsive, attentive, and highly-effective.
The best place to start is by visiting the FAQ section. Here, you have a comprehensive overview of all the general queries that customers tend to have. For the most part, you will be able to answer a question or resolve a query just by doing this. However, you also have the option of getting in touch by using the live chat function. There are 12 different languages on offer and the live chat function is available 24/5.
For those who prefer to contact FPMarkets crypto Australia by email, you can do so at [email protected] There are a number of active telephone lines available, too.
- General: +61 (0)2 8252 6800
- Toll free: 1300 376 233
FPMarkets prides itself on customer service and the ability to resolve any issues, disputes, or complaints that may arise during online trading activities.
When it comes to licensing and security, our FPMarkets crypto Australia review is delighted to announce that there is full regulatory oversight of this online broker. This ensures that the online brokerage services offered by FPMarkets crypto Australia are fair, transparent, and provided in good faith.
FPMarkets is regulated by the Australian Securities and Investment Commission. Furthermore, they hold an Australian Financial Services License and as such, FPMarkets are allowed to provide full-scale financial services.
Reputation & Customer Feedback – Great feedback from FPMarkets reviews
FPMarkets enjoys strong customer satisfaction and this shows in the raft of positive reviews that continue to stream in on a weekly basis. Traders laud the platform’s extensive offering of trading tools, quick deposits and withdrawals (not always the case with online brokers), extremely low spreads, and top customer support.
Certain customers have even stated that they received a welcome call on the same day they created an account. This speaks volumes to the special attention given to each trader on the platform. We couldn’t find much in the way of any glaring issues that have been reported by existing or previous customers. This is a good sign in terms of the platform’s ability to resolve inevitable issues and provides us with good insight into the capabilities of FPMarkets.
If you are looking for a platform that offers top-quality and extensive trading options, then FPMarkets may well be for you. With decent account fees, low spreads, a variety of crypto CFDs on the table, and an astounding support team, there’s not much you can fault.
If you are a crypto trader at heart, then we recommend you use our featured crypto exchanges. This will allow you to directly buy and sell cryptocurrencies other than trading in CFDs. Otherwise, check out our latest coverage of online brokers by reading our eToro review and Plus500 review.