Most FP Markets reviews will focus on the fact that this is a well-known Australian broker. But our FPMarkets review 2020 will reveal whether this site can be used by anybody in the UK, the US, Canada or even New Zealand. We’ll show you why FPMarkets crypto trading is so impressive, and reveal how this broker gives you a cost-effective and easy way to buy and sell the five biggest cryptocurrencies. Plus, we’ll even give you a step by step guide to using the brand’s MetaTrader software. All of which should help you take advantage of the famously low commission rates found in our FPMarkets review 2020.
Pros & Cons of FPMarkets
- Great CFD trades on cryptos like Bitcoin, Ethereum and XRP
- Helpful customer support available on live chat
- Cost-effective commission rates on crypto trades
- Decent variety of payment options for AU and UK customers
- No provision for US or Canadian customers
Our FPMarkets review found that this brand had put together a very stylish and user-friendly site. It uses reassuring blue, white and black colour tones that keeps everything feeling mature and professional. Plus it was nice to see that there are handy links for accessing customer support via live chat in the bottom right of the homepage.
There’s a wealth of information on the FPMarkets site, but everything was clearly organised into categories like trading, platforms, partners, resources and so on. We especially liked the Quick Start feature that made it much simpler to get started on this FPMarkets review 2020.
Anybody with any experience of crypto trading will know that timing is everything. So we were impressed with just how fast the FPMarkets services were. The brand allows you to make faster executions than most sites with trades taking place at under 40ms.
The actual trading platforms proved to be fairly straightforward to learn how to use. But what about mobile customers? You should know that FPMarkets has developed great trading apps for iOS and Android devices. These include the standard Iress App and also the MetaTrader 4 app. All of which makes it easy to trade cryptocurrencies via a smartphone or a tablet.
How To Trade
We thought that it would be helpful to show you how to get started in this FPMarkets review 2020. It’s very easy to open an account as you will merely have to provide personal details like your email, name, telephone number and so on. You also get the option to sign up with your Google and Facebook accounts. Once you’ve done this, you will get the option to configure your account to suit your own needs and then complete the declaration form.
After doing this, you can simply download one of the brand’s trading platforms or apps. The MetaTrader 4 platform offers perhaps the best platform for cost-effective cryptocurrency trading.
From here you can simply make a deposit with one of the preferred payment methods. The time taken for your deposits to show up varies according to the payment method used. Once the money is in your account, you can simply load up your trading platform and enjoy buying and selling some of the biggest cryptocurrencies in the world.
Our FPMarkets review 2020 found that the online broker gives you a wide range of ways to fund your trading account. Many customers will simply make a bank transfer, but there are plenty more deposit methods available.
These include credit and debit card brands like Visa and MasterCard. There is also provision for ewallets like PayPal, Skrill and Neteller. If you do make a bank transfer, then don’t forget that FPMarkets has the POLi facility that can speed up the whole process.
We should let you know that we found no deposit fees during the course of our FPMarkets review. Don’t forget that you’ll have to deposit at least $100 AUD or the equivalent for standard and raw MT4/MT5 accounts. This minimum deposit amount goes up to $1,000 for Iress accounts. Our FPMarkets review 2020 found that the broker accepts deposits in AUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, CAD and CNY.
Anybody who has used crypto mining software will know that there can be many fees associated with using financial services online. So our FPMarkets review 2020 was keen to see what charges might be associated with crypto trading at this online broker site.
The online broker is well-known for having some of the lowest trading commission fees around. If you’re trading CFDs in Australia, there’ll be just a 0.08% commission per side. This goes up to 0.10% if you are trading in the UK. The great news is that there are no commission fees for trading cryptocurrencies at this online broker. Plus our FPMarkets review found that there aren’t commission fees for trading anything from metals to commodities.
However, it’s worth noting that there are certain fees that are dependent on which software platform you use at FPMarkets. If you use the IressTrader / ViewPoint platform, you may have to pay $55 per month. But don’t forget that the brand’s MT4 Trading Platform can be used free of charge.
You’ll find that you’ll be in safe hands when using the FPMarkets trading platform. This is because the brand has put on a professional customer service team that will be able to efficiently resolve your queries.
The easiest way to get in touch with FPMarkets is to simply click on the live support feature on the homepage. This live chat service is available in a variety of languages that include English, German, French, Spanish and Italian.
We should note that the brand has telephone numbers that can be used for customer support. These are all based in the FP Markets’ offices in Sydney, plus there is a toll-free telephone number for Australian customers. We also found a dedicated customer support email address in our FPMarkets review 2020.
The FPMarkets office hours are open 24 hours per day from Monday through to Saturday morning. If your query falls outside of these hours, then you should know that the brand has created a very in-depth FAQ section. This should be able to answer the most common questions that customers may have.
It’s always sensible to check into how an online broker is licensed. After all, you will be making deposits at these sites, and you’ll want to know that you are dealing with a legitimate operator.
Thankfully our FPMarkets review 2020 found that this brand is regulated by the Australian Securities and Investments Commission (ASIC). This means that the broker will be forced to comply with the financial regulations imposed by ASIC or it would get its license revoked.
The ASIC licensing means that you’ll be given plenty of investor protection when you come to the fully-encrypted site for crypto trading. However, it’s worth noting that ASIC will only allow FPMarkets to operate in certain countries. This means that customers based in many nations like the US and Canada may not be able to use this service.
Our FPMarkets review found that your funds will be kept in separate accounts from the broker’s own money. This means that your deposits will be kept safe in the accounts at leading global banks like HSBC, JP Morgan, Barclays and Goldman Sachs.
Reputation & Customer Feedback
Looking at the range of FPMarkets reviews on places like TrustPilot shows that people have nothing but positive opinions about this broker. With nearly 1,350 reviews giving FPMarkets full marks, it’s clear that this broker has become a big hit. Plus we should note that FPMarkets has won over 40 international trading awards in its 15-year existence. All of which should give you plenty of reasons to create an account at FPMarkets.
Our FPMarkets review 2020 found that this site offers you a quality crypto trading service. At FPMarkets Bitcoin trading is simple, and it was nice to see that you could easily trade anything from Ethereum to LiteCoin here too. The only real major disadvantages found in our FPMarkets review was the fact that the brand’s services might not be available to customers who are based in countries such as the US and Canada.
Despite this, it’s clear that FPMarkets has come a long way in a short space of time. With a user-friendly site, great trading platforms, and relatively low commission costs, we think that it could be a solid option for your crypto trades. So now that you’ve read our FPMarkets review, you’ll know that you should definitely sign up to this site and give it a try.