FP Markets is your one-stop destination in the Philippines to trade CFDs across various financial markets. Trade on the world’s largest exchanges and take advantage of low commissions and tight raw spreads from 0.0 pips.
- Louis Schoeman
Updated : May 22, 2025
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Overall Rating
- 4.9/5
Min Deposit
USD 100/ 3,860 PHP
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
FP Markets was founded in Australia in 2005 and was granted a license by the Australian Financial Services Licence from the Australian Securities and Investments Commission (ASIC), the Australian regulating authority in Australia.
Since then, FP Markets has become one of the industry’s largest and most reputable players. The broker’s vision was to create a superior forex trading destination where traders could access a full suite of products in global markets.
Over the years, FP Markets has spread its wings to other jurisdictions, and in Europe, its operations are regulated by the Cyprus Securities and Exchange Commission (CySEC).
We are also a regulated FSP by the Financial Sector Conduct Authority (FSCA) in South Africa. Being regulated by the Financial Services Authority (FSA) of Seychelles makes FP Markets a truly global entity.
FP Markets has achieved several milestones over its existence, establishing its position in the trading community. Winning ‘The Highest Overall Client Satisfaction Award’ for five years in a row demonstrates the company’s ongoing devotion to its clients.
In addition, the broker has been named the ‘Best Global Forex Value Broker’ at the Global Forex Awards every year from 2019 to 2022.
The broker’s broad list of tradable products, which exceeds 10,000 across several asset classes, gives Filipino traders numerous chances to diversify their portfolios.
FB Markets also provides strong trading platforms like MetaTrader 4 and MetaTrader 5, which offer narrow spreads and quick execution. This appeals to both novice and experienced Filipino traders.
By offering a demo account, new traders have the added benefit of learning how to identify high-risk trading conditions.
When ready to take the next step in online trading, FP Markets traders can open a live account with a very low minimum deposit of as little as $100.
FP Markets also caters to Expert Advisors (EAs) along with scalping and hedging, making it an ideal destination for Filipino traders of all skill levels.
Are FP Markets available in the Philippines?
Yes, FP Markets is available in the Philippines, and all Filipino traders are eligible to open an account as long as they meet the minimum deposit requirement of 100 AUD (or equivalent).
Does FP Markets allow scalping?
FP Markets provides a zero restrictions policy, which means it is ideal for scalping and those using Expert Advisors (EAs) to conduct their currency trading.
At a Glance
| 🔢 Established Year | 2005 |
| ⌛Regulation and Licenses | ASIC, CySEC, FSCA, FSA, FSC |
| 4️⃣Ease of Use Rating | 4/5 |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView, cTrader, WebTrader, MT5 Mobile Trader and Mobile Trading App |
| 🗂️Account Types | Standard, Raw, Islamic Standard, Islamic Raw accounts |
| 💵Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD,USD, CZK, PLN, AED |
| ✏️Spreads | From 0.0 pips |
| ⬆️Leverage | 1:500 |
| 💷Currency Pairs | Major, Minor, Exotic |
| 💴Minimum Deposit | 3,860 PHP (AU$100) |
| 💶Inactivity Fee | None |
| 🗣️Website Languages | English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, Russian |
| 💰Fees and Commissions | Spreads from 0.0 pips, commissions from US$3 per side |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | United States, Japan, New Zealand |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, Bonds |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
FP Markets is not regulated by Bangko Sentral NG Pilipinas (BSP). However, FP Markets’ global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢 Registration Number | ⌛Regulatory Entity | 📊Tier | ✏️License Number/Ref |
| 🥇First Prudential Markets Pty Ltd | Australia | ABN 16112600281 | ASIC | 1 | AFSL 286354 |
| 🥈First Prudential Markets Ltd | Cyprus | HE372179 | CySEC | 2 | 371/18 |
| 🥉FP Markets (PTY) LTD | South Africa | 2018/097037/07 | FSCA | 2 | FSP 50926 |
| 🏅FP Markets LTD | Mauritius | N/A | FSC | 3 | GB21026264 |
| 🏆First Prudential Markets Limited | Seychelles | N/A | FSA | 3 | SD130 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | ✅ Yes |
| 💵Compensation Amount | 20,000 EUR (Only European clients are eligible) |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | ✅ Yes |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑 Guaranteed Stop-Loss Orders | None |
What is FP Markets’ policy on the segregation of funds?
With FP Markets retail client funds are always kept separate from the firm’s capital, held by leading banks. Under no circumstance is client money used to meet company expenses.
Is FP Markets a trusted broker?
Yes, FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and more.
These regulatory bodies ensure that FP Markets adheres to strict financial standards, providing a secure and trustworthy trading environment.
Awards and Recognition
While reviewing the FP Markets website, we found the following most recent awards that FP Markets has won:
🥇FXScouts awarded FX Markets with “The Best Forex Trading Tools 2023”. It celebrates FP Markets for its superior trading solutions and innovative tools, which help traders and investors navigate global financial markets more efficiently.
🥈FAME names FP Markets as the “Best CFD Broker in Africa 2023” due to its status as the continent’s biggest broker.
🥉Also, in 2023, FP Markets received two awards in the ultimate Fintech categories APAC: “Best Trade Execution” and “Most Transparent Broker,” the leading Forex and CFD broker in the Asia-Pacific.
🏆Further accolades received in 2023 included “Best Value Broker – Global” for the fifth year running, “Best Broker – Europe” and “Best Partners Programme – Asia” for the second year. These distinctions highlight FP Markets’ global reach and commitment to providing a great trading experience.
Account Types
| 🔍Account Type | 💴Minimum Deposit | 🚀Open an Account | ⬆️Leverage | 📊Platforms |
| 🥇Standard | 3,860 PHP (AU$100) | 👉 Click Here | 1:500 | All |
| 🥈Raw | 3,860 PHP (AU$100) | 👉 Click Here | 1:500 | All |
| 🥉Islamic Standard | 3,860 PHP (AU$100) | 👉 Click Here | 1:500 | All |
| 🏆Islamic Raw | 3,860 PHP (AU$100) | 👉 Click Here | 1:500 | All |
Standard Account
Beginner or novice Filipino traders should consider this account type for a more beginner-friendly approach to Forex.
The account type offers a tight spread starting with as little as 1.0 pips and leverage as high as 1:500. There are no commission charges, and traders have access to 70+ financial instruments, including forex currency pairs, commodities, indices, and more.
The minimum deposit amount required to open it is only 3,860 PHP, which is affordable for beginner traders who want to try forex trading.
Raw Account
With the Raw Account from FP Markets, Filipino traders can access market pricing and narrower spreads with low commission charges of only US$3 per lot each way.
It offers the same low minimum deposit requirement of 3,860 PHP, with raw spreads as low as 0.0 pips on a flexible leverage up to 1:500.
Islamic Standard Account
The Islamic Standard Account is offered for Filipino traders who follow the Muslim faith and must adhere to Sharia law. It applies an administrative fee per Islamic finance rules rather than a swap or interest cost on overnight holdings.
All the other offerings on this account are the same as those on the Standard account, with spreads starting from 1.0 pip and no commission fees. The minimum deposit and leverage choices are also the same to ensure that Islamic traders have similar possibilities without sacrificing their values.
Islamic Raw Account
The Islamic Raw Account is a variant of the Raw Account that caters to Filipino traders who follow Sharia law, the only difference being a swap-free account.
Raw spreads start a 0.0 pips on leverage up to 1:500 with a minimum deposit of 3,860 PHP. Regarding commission charges, there is a $3 per lot fee.
Demo Account
FP Markets also have the option of a demo account, and during our research, we found that it has a virtual balance of $100,000, allowing Filipino traders enough capital to test out different trading methods and learn how the market works on any of the offered account types
Demo accounts allow traders to experiment with different trading strategies without risking or losing any real money.
With FP Markets, the demo account is valid for 30 days. However, if extra time is required, Filipinos can contact customer service to add more virtual dollars and get an extension on the account length.
With a demo account, traders can explore the same range of tradable markets offered on the live account types, simulating the experience of a live account.
The demo account also allows users to test automated trading techniques in real-world market situations.
What is the difference between Standard and Raw accounts at FP Markets?
The Standard account has wider spreads and no commission fees. The Raw account has narrow spreads and charges a commission, making it perfect for high-volume traders.
How much leverage is safe in forex?
The best leverage in forex markets depends on the investor. For beginner traders, a low leverage ratio of 5:1/10:1 may be good. For advanced investors, who are more risk-friendly, leverages may be as high as 50:1 or even 100:1 plus.
How to Open an Account Step-by-Step
It is really easy and hassle-free to register an account with FP Markets. Just follow these easy steps:
Step 1: Go to the official website and click on “Start Trading”
Step 2: Complete the online registration form
Click on “Save,” which will take you to a new page where you will be asked to provide more information, such as your birth date and residence address. You will also have to provide information on your financial condition, work status, occupation, yearly income, and source of finances.
Step 3: Wait for verification from FP Markets
To further activate your account, you must verify your identity and residential address by submitting documents such as your valid ID card, passport, driver’s license, and a current utility bill or bank statement for evidence of residency.
Once your account has been validated and approved, you can go to the FP Markets Client Portal with your registered email address and password.
In which currencies can I open an account?
You can open an AUD, USD, EUR, GBP, SGD, CAD, CHF, HKD, JPY and PLN account.
Can I create a corporate account with FP Markets?
Yes, FP Markets permits Filipino traders to register for a corporate account.
Overall Rating
- 4.9/5
Min Deposit
USD 100/ 3,860 PHP
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
FP Markets offers Filipino traders the following Trading Platforms:
➡️MetaTrader 4
➡️MetaTrader 5
➡️TradingView
➡️cTrader
➡️FP Markets WebTrader
➡️FP Markets App
MetaTrader 4
MetaTrader 4 is the world’s most popular trading platform for analyzing financial markets. MT4 is loaded with features and provides the added benefit of a customizable interface.
It can be downloaded for PC, Mac, iPhone, IOS and Android. The user-friendly platform makes it the ideal trading platform for Filipino traders of all skill levels.
With FP Markets, spreads start at 0 pips for Raw accounts, and we especially liked the advanced charting tools and comprehensive technical analysis indicators. This makes it possible to analyze the market in-depth and make strategic decisions.
Filipino traders who want to customize their trading environment can benefit greatly from the MT4 platform’s configurable features, which provide a tailored trading configuration.
The mobile option allows Filipino traders to trade anywhere, anytime, offering 24/7 online support in addition to a personal account manager.
MetaTrader 5
MetaTrader 5 is an all-in-one trading platform for forex, shares, metals, commodities, indices, and cryptocurrencies.
We found that with FP Markets, MT5 is a technologically advanced multi-asset platform for trading forex and CFDs. It can be downloaded for Windows, Mac, IOS and Android.
MT5 provides a wider range of market analysis tools and offers access to additional exchange markets. There is no need to use multiple applications as it is a complete suite.
MT5 includes all the necessary tools required to conduct fundamental and technical analysis, along with the option of developing custom indicators. The platform has distinct features that accommodate algorithmic and copy trading, making it suitable for traders using Expert Advisors (EAs).
We were especially impressed by the increased variety of order types, which let us easily manage our trade entries and exits more precisely. Market execution and Level II pricing capabilities on the platform guaranteed Filipino traders faster transaction speeds and more transparency.
With MT5, Filipino traders have more chances to profit from short-lived market swings, which might improve their trading performance.
TradingView
TradingView is the newest edition to the platforms on offer with FP Markets. The platform is a globally recognized industry leader in premium charting solutions, catering to millions of traders and investors worldwide.
Our research found that TradingView’s financial analysis platform delivers seamless access to the global markets.
With many traders adopting different trading styles and navigating various markets using different strategies, TradingView users can explore and employ more than 100,000 public indicators.
The login process is smooth, and with easy-to-use charting and the choice to create custom layouts and write and share your indicators and strategies with TradingView’s Pine Script, this platform operates with the trader and investor in mind.
cTrader
cTrader is a sleek, user-friendly platform, fast, and efficient multi-asset Forex and CFD trading platform. It boasts advanced charting, advanced order types, level II pricing, powerful trading tools, and superior execution.
Filipino traders can keep tabs on numerous assets at once and will love the analytical depth of detaching charts and distributing them across multiple displays.
cTrader’s robust infrastructure and fast trade due to algorithmic trading is a huge plus as it minimizes the possibility of slippage and maximizes the effectiveness of deals executed.
FP Markets WebTrader
The WebTrader is a multifunctional online trading platform where Filipino traders can simply trade from a browser of their choice, whether it is on Windows or Ma), or any iOS or Android device, without downloading additional software.
It allows you to trade with ultra-fast execution speeds from anywhere and at any time.
With FP Markets’ offer of RAW pricing, which means you gain access to real-time price quote spreads starting from as low as 0.0 pips, this platform is a win for any Filipino trader.
FP Markets App
We found that traders can take forex markets and trade on the go with the FP Markets mobile app. It is available on all iOS and Android devices. The app allows trading convenience without compromising features and is easy to use even on devices with smaller screens.
Filipinos can stay on top of any market developments due to the quick execution of trades and getting prices with a few clicks while on the go.
Which devices can I trade on with FP Markets MT4 and 5 platforms?
Software is available for both Windows and Mac desktop computers. Apps are also available for all mobiles and tablets.
Are there any subscription fees for the platforms?
No, both MT4 and MT5 are offered completely free of charge.
Range of Markets
We researched FP Markets’ instruments and asset classes on the website to give Filipino traders a breakdown.
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Forex | 70 | 1:500 |
| ➡️Shares | 10,000 | 1:500 |
| ➡️Metals | 17 | 1:500 |
| ➡️Commodities | 12 | 1:500 |
| ➡️Indices | 18 | 1:200 |
| ➡️Cryptocurrencies | 12 | 1:500 |
| ➡️ETFs | 44 | 1:5 |
| ➡️Bonds | 6 | 1:50 |
FP Markets vs Vantage Markets vs Exness – Broker Comparison
| 🔍Broker | 🥇FP Markets | 🥈Vantage Markets | 🥉Exness |
| ⌛Regulation | CySEC, FSCA, ASIC, FSC, FSA | CIMA, VFSC, FSCA, ASIC | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | MetaTrader 4 MetaTrader 5 ProTrader Vantage App Vantage Social trading ZuluTrade Myfxbook AutoTrade DupliTrade | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal |
| 💵Withdrawal Fee | ✅ Yes | ✅ Yes | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 3,860 PHP (AU$100) | 2,910 PHP ($50) | 582 PHP ($10) |
| ⬆️Leverage | 1:500 | 1:500 | Unlimited |
| ✏️Spread | 0.0 pips | From 0.0 pips | Variable, from 0.0 pips |
| 💷Commissions | From US$3 | From $3 | From $0.1 per side per lot |
| 🛑 Margin Call/Stop-Out | 100%/50% | 80%/50% | 60%/0% |
| 🧑⚖️Order Execution | Market | Market | Market |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | None | ✅ Yes |
| 🗂️Account Types | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account | Standard STP Raw ECN PRO ECN | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account Social Standard Social Pro |
| ⌛BSP Regulation | None | None | None |
| 💵PHP Deposits | ✅ Yes | None | None |
| 🗂️PHP Account | None | None | ✅ Yes |
| ⏰Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 👉Retail Investor Accounts | 4 | 3 | 7 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 50 lots | Unlimited | Unlimited |
| ⏰Minimum Withdrawal Time | Instant | Instant | 24 hours |
| ⏱️Maximum Estimated Withdrawal Time | Up to 10 working days | 3 – 5 working days | 3 days |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes | ✅ Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Fees, Spreads and Commissions
Fees
Our investigation showed that FP Markets is known as a low-cost broker. Filipinos can read the following sections to determine what they can expect to pay when they trade using FP Markets.
Markets Spreads
FP Markets offer tight spread which could benefit Filipino traders. Although spreads on the Standard account for major forex pairs like USD/EUR start from 1.19 pips, spreads on the same currency pair on the Raw account start from 0.0 pips and average about 0.09.
Commissions
Commissions charges from FP Markets depend on the account type. On the Standard account, no commissions are charged, but the MT4/5 Raw Account charges a cost of US$3 for each side, totaling US$6 for the whole transaction.
This rate is rather competitive, especially when combined with the account’s modest spreads. We found that the same commission charges apply to the Islamic Standard and Raw MT45 account types.
Overnight Fees
Our findings indicated that FP Markets’ overnight fees vary depending on the financial instrument and the kind of position (long or short).
These fees are transparent on the broker’s website and are calculated using the current bank interest rates plus a markup. Overnight costs for Islamic accounts are waived for the first 10 nights, with fees applied after the eleventh night.
Deposit and Withdrawal Fees
FP Markets does not charge any deposit fees and will cover internal bank fees for all international deposits. Even if the receipt shows the original deposit fee amount is no more than 50 USD, FPM will cover clients’ international bank fees for deposits over $10,000.
FP Markets does not charge withdrawal fees; however, clients may be charged by an intermediary bank for international transactions. We found that the fee structure is not visible on FP Markets’ website and suggest that Filipinos verify these fees, as banks charge third-party fees.
Inactivity Fees
There is no indication that FP Markets charges inactivity fees for accounts that like dormant. This will benefit Filipino traders who are not very active in regular trading.
Currency Conversion Fees
Although FP Markets accepts several base currencies such as AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, and AED, it does not include the Filipino peso (PHP).
Therefore, currency conversion fees will apply for Filipino traders who deposit funds into their trading account with PHP.
Does FP Markets charge a commission?
Depending on the Forex Account Type you select with FP Markets, the Standard Account does not charge a commission as the commission is built into the raw spread of the product. Commission fees do, however, apply to the Raw account types.
Does FP Markets charge an inactivity fee?
There is no inactivity fee even if you leave your account idle for a long period.
Overall Rating
- 4.9/5
Min Deposit
USD 100/ 3,860 PHP
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳Payment Method | 🌎Country | 💵Currencies Accepted | ⏰Processing Time |
| ➡️Credit/Debit Card | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | Instant – 10 days |
| ➡️Bank Transfer | All | AUD, USD, EUR, GBP, SGD, CAD | 1 day |
| ➡️Neteller | All | AUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USD | Instant – 1 day |
| ➡️Skrill | All | AUD, CAD, EUR, GBP, INR, USD, BRL | Instant – 1 day |
| ➡️Asia Banks | All | MYR, IDR, VND | Instant |
| ➡️SticPay | All | JPY, EUR, GBP, USD, HKD, TWD, KRW, SGD | Instant – 2 days |
| ➡️FasaPay | All | USD, IDR | Instant – 1 day |
| ➡️Virtual Pay | All | KES, UGX, TSH | Instant – 1 day |
| ➡️Rupee Payments | All | INR | Instant – 2 days |
| ➡️Rapyd | All | BRL, MXN, COP, CLP | Instant – 2 days |
| ➡️Perfect Money | All | USD | Instant – 1 day |
| ➡️Pagsmile | All | BRL, CLP, COP, PEN, MXN, USD | Instant – 1 day |
| ➡️Cryptocurrencies | All | ADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP, TUSD, USDC (ERC20), USDT (ERC20), USDT (TRC20), ZEC | 1 hour – 1 day |
| ➡️Dragonpay | All | PHP | Instant – 1 day |
| ➡️Rapid Transfer | All | EUR, DKK, SEK, HUF, GBP, PLN, NOK | Instant |
| ➡️Crypto Payments (Finrax) | All | BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20) | 1 hour – 1 day |
| ➡️Mybux | All | ZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZS | Instant |
| ➡️XPAY | All | IDR, MYR, THB, VND | Instant – 1 day |
| ➡️Apple Pay | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | Instant – 1 day |
| ➡️Google Pay | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | Instant – 1 day |
| ➡️PaymentRush | All | INR | Instant |
| ➡️B2Binpay | All | BTC, BCH, DASH, DOGE, ETH, LTC, TUSD, USDC, USDT (ERC20), USDT (TRC20), XRP, ZEC | 1 business day |
| ➡️Thuderxpay | All | LAK | Instant |
| ➡️Plusdebit / Online Banking | All | VND | Instant |
| ➡️FP Markets P2P | All | VND | Instant |
| ➡️Plusdebit/ QR Code | All | VND | Instant |
| ➡️Plusdebit / MOMO QR Code | All | VND | Instant |
| ➡️PaymentAsia (QRIS and e-Wallets) | All | IDR | Instant |
| ➡️Coinspaid | All | BTC, LTC, BCH, ADA, ETH, DOGE, NEO, XRP, USDTE, USDTT, XIN, BNB, BSV, EURS, USDC, TRX, XED, DAI | 1 business day |
| ➡️Broker to Broker | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | 1 business day |
| ➡️Domestic Bank Wire | All | AUD | 1 business day |
| ➡️International Bank Wire | All | AUD | Up to 5 days |
| ➡️Online Banking | All | IDR | Instant |
Deposits
Bank Wire
✅Go to the Client Area of FP Markets.
✅Click on “Deposit” from the “Funding” menu.
✅Then click on “Bank Transfer” from the list of modes.
✅Choose the currency and enter the deposit amount.
✅You can initiate a bank wire from your account using the transfer instructions that you will receive from FP Markets.
✅Include your FP Markets account number as a reference.
Credit or Debit Card
✅Go to the Client Area of FP Markets and click “Funding.”
✅Click on “Deposit.”
✅Choose the option “Credit/Debit Card.”
✅Submit the requested deposit amount and provide your card information.
✅Confirm the deposit.
Cryptocurrency
✅Go to the Client Area of FP Markets.
✅Select “Deposit” from the “Funding” table.
✅Choose the coin you wish to deposit.
✅FP Markets will provide you with an address for the transfer.
✅Transfer the crypto to the provided address from your wallet.
e-Wallets or Payment Gateways
✅Go to the Client Area on the FP Markets website.
✅Next, click on “Funding” and then choose “Deposit”.
✅Click on the e-wallet you prefer.
✅Complete the necessary information required and the deposit amount.
✅Make and confirm your deposit.
Withdrawals
Bank Wire
✅Enter the Client Area on the FP Markets website.
✅Choose “Withdraw” from the “Funding” menu.
✅Select “Bank Wire.”
✅Fill in the amount you want to withdraw.
✅Include your account number and the SWIFT or BIC codes with your banking information.
✅Confirm your request.
Credit or Debit Cards
✅Enter the Client Area on the FP markets website.
✅Choose “Withdraw” from the “Funding” menu.
✅Next, select “Credit/Debit Card.”
✅Fill in the amount you would want to withdraw.
✅Conclude the transaction.
Cryptocurrency
✅Enter the Client Area on the FP Markets website.
✅Choose “Withdraw” from the “Funding” menu.
✅Select the cryptocurrency you wish to withdraw.
✅Enter the amount and your crypto wallet address.
✅Submit your request.
e-Wallets or Payment Gateways
✅Enter the Client Area on the FP Markets website.
✅Choose “Funding” and then click on “Withdraw.”
✅Click on the payment gateway or e-wallet.
✅Provide your e-wallet information and the amount to withdraw.
✅Submit your withdrawal request.
How long does it take to deposit funds into your FP Markets account?
This will depend on the payment method you use. Most online methods are instant, whereas bank transfers may take several days.
What is the minimum deposit amount for Filipino traders at FP Markets?
The minimum deposit amount at FP Markets is generally 3860,12 PHP, which equates to approximately AU$100.
Leverage and Margin
Before Filipinos start trading with FP Markets, they must understand the fundamentals of leverage and margin. This is what we discovered in our research on FP Markets.
FP Markets provides forex trading leverage of up to 1:500 on major pairs, which is very high and lets traders handle larger positions without investing large funds.
We also found that the margin requirements with FP Markets are closely related to the leverage offered. Margin is the initial amount required to open and maintain a trading position.
A plus for Filipino traders is that FP Markets’ platforms offer detailed information on margin requirements for various financial products. This makes it easy for traders to make good decisions and manage their funds effectively.
Our findings reveal that FP Markets’ leverage and margin regulations are designed to suit both beginner and experienced traders. The broker also emphasizes the necessity of using risk management instruments, like as stop-loss orders, to control exposure properly.
In addition, FP Markets provide flexibility and emphasize the importance of well-thought-out risk strategies and solid risk/reward ratios.
What instruments can Filipinos trade with FP Markets?
You can trade over 10,000 CFDs across forex, shares, metals, indices, commodities, and cryptocurrencies.
What is an ETF?
An exchange-traded fund (ETF) is a passive investment fund traded on global stock exchanges. ETFs track specific assets such as stocks, bonds, commodities, and currency indices.
Educational Resources
Navigate to the FP Markets website. You will find various educational tools, resources, and materials that suit all Filipino traders, regardless of their experience level or trading strategies.
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | None |
| ➡️Trading Central | None |
| ➡️Market Analysis | None |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | ✅ Yes |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | None |
| ➡️Live Support | ✅ Yes |
In addition, we also found the following educational and research tools:
✅Podcasts – this is just like an audio academy in your pocket, explaining everything you need to learn about trading the markets most entertainingly and comprehensively.
✅Glossary – the trading glossary includes a comprehensive list of definitions that will help you understand even the most complex forex trading terms.
✅Newsletter sign-up – every day, the market analyst team outlines key themes of financial markets to deliver stock-specific news, technical levels, and index information.
✅Forex calculator – the calculator helps you assess the risks around your next trade before you execute it.
✅FAQ – this section includes most FAQs that traders might have.
Are there any podcasts available at FP Markets for educational purposes?
Yes, as part of its teaching offerings, FP Markets provides podcasts that provide insights and conversations on various trading.
Does FP Markets offer any research tools for informed trading?
Yes, the broker does provide research resources such as the Trader’s Hub, Trading Knowledge, Technical and Fundamental Analysis, an Economic Calendar, and more.
Bonuses and Promotions
After thoroughly researching the FP Markets website, we had to come to the conclusion that it offers no bonuses or any promotions to new or established clients.
However, we determined that FP Markets offers affiliates a lucrative cashback rebate program. To show their gratitude for the new customers that affiliates have brought in, FP Markets has created an attractive cashback rebate program for affiliates and traders in Filipino.
FP Markets cashback rebates program is a great option for Filipinos to take advantage of opportunities in the foreign exchange market with minimal outlay of capital and maximum return on investment.
Does FP Markets of a referral bonus to its clients?
No, FP Markets does not offer any referral bonuses to its clients. However, it does offer a Cashback Rebates program to Filipino traders.
Does FP Markets offer a welcome bonus to new clients who sign up with the broker?
No, FP Markets does not offer any welcome bonus to new clients.
Affiliate Programs
Features
Filipino traders can partner with FP Markets through its Forex Affiliate Program and Partnership Benefits. The program is designed to reimburse and reward introducers and partners who refer clients to FP Markets.
Traders can maximize their earning potential with high conversion rates and no limits on referred accounts or trading volumes.
We further determined that the FP Markets partnership program is one of the leading IB and forex affiliate programs.
The two primary perks of this program are the $200 CPA (Cost Per Acquisition) commission and the $1.25 rebate for each lot traded. FP Markets’ technologies are advanced, and they use real-time monitoring technology to track the traders of affiliate clients.
This ensures efficiency and transparency by providing Filipino affiliates with a specialized platform to closely monitor their performance and rebates.
By drastically reducing trading expenses, the FP Markets cashback rebates scheme is designed to increase affiliate and trader revenues in Filipinos. In addition, it provides affiliates with a wide variety of marketing tools and resources, allowing them to bring in new customers easily.
Filipino affiliates can access a wide range of marketing resources, including customizable banners, links, and promotional content designed for different platforms and audience segments. These resources are essential for efficiently promoting FP Markets’ services and recruiting new clients.
The FP Markets affiliate program is praised for its versatility. Affiliates can choose the best marketing techniques using social media, blogging, email marketing, or other digital platforms.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website and click on the “Partners” banner
Step 2: Scroll down to the Affiliates section and click on the blue “Join Now” button
Step 3: Then click on “Apply Now”
Step 4: Complete the online registration form
You’ll need to complete the required fields on the online registration form. This usually includes personal information like your name, email address, country of residence, and cell phone number.
In addition, you also have to give some additional information, such as your chosen method of promoting FP Markets.
Next, read the terms and conditions and ensure you understand what the program entails before submitting your application. FP Markets will send an email confirming the acceptance once your application has been reviewed and approved.
Who can join the FP Markets CPA Affiliate Program in the Philippines?
The FP Markets CPA Affiliate Program is open to bloggers, digital marketers, email marketers, mobile marketers, media purchasers, social media commentators, and website publishers.
Do I need to have a website to become an FP Markets affiliate?
No, while having a website is an advantage, it is not required to become an affiliate, although alternative promotional tactics can also be used.
Customer Support
| 🫴🏻 Customer Support | 👤FP Markets Customer Support |
| ⏰Operating Hours | 24/7 |
| ➡️Support Languages | Multilingual |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The overall quality of FP Markets Support | 4/5 |
Response Time
| 🫴🏻 Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
| ☎️Phone | 5 minutes | 2 – 3 minutes |
| 24 hours | Same-day | |
| 🗣️Live Chat | 2 – 5 minutes | 5 minutes |
| 📱Social Media | 5 – 10 minutes | 5 minutes |
| 🤝Affiliate | 24 – 48 hours | 24 hours |
Does FP Markets offer telephonic support for Filipino traders?
Yes, FP Markets offers telephonic support, allowing Filipino traders to speak directly with customer service representatives.
Is there an email address for FP Markets Customer Support?
Yes, FP Markets provides an email address for customer support inquiries, enhancing communication options for Filipino traders.
Social Responsibility
In our research into FP Markets’ social responsibility, we discovered that it is actively involved in its Corporate Social Responsibility (CSR). The broker is an organization striving to make a difference.
Through focused efforts and strategic collaborations, FP Markets aspire to set industry standards for supporting education, innovation and entrepreneurship, community engagement, and sustainability.
We found the following CSR initiatives:
✅The broker partnered with the Cricket Brazil Youth Development Programme. Through this program, they are supporting young athletes and providing opportunities for young talents to participate in and excel in sports.
✅FP Markets visited the Little Saints Orphanage in Ogudu, Lagos, and became involved in supporting them financially.
✅FP Markets also got involved in helping children in Kenya who reside in two homes, the Holy Family Children’s Home and the Israel Faith Children’s Home.
✅In Limassol, Cyprus, FP Markets collaborated with the Red Cross Association, which confirmed their spirit of giving and community engagement.
User Comments and Reviews
Since its founding, FP Markets has racked up many reviews, which clearly indicates that traders are talking about this broker. Here are some of the most recent user comments we found:
🥇“Great broker. Good leverage. Withdrawal is smooth. I had an issue with the deposit, but Dinesh was able to help me. Awesome customer service. Overall top choice forex broker.”
🥈“Excellent service from the professional, Marina Gomes, very patient, attentive, helpful, and concerned about providing good service, she always answered when I needed her, even at times outside of her work, I loved her service, I have never seen such special and exclusive service in any other brokerage. They are to be congratulated. Thank you, Marina Gomes.”
🥉“I simply can’t give a 5 star, because everyone who dealt with my queries was not very good. Until my broker Theo got involved a sorted everything and explained things to me, in a way I could only understand. I’m so grateful for Theo to be part of this company and therefore I have to score it high at a 4 star. Anyone who deals with Theo is gonna be in safe hands.”
In Conclusion
This broker is under strict regulations, not only by ASIC in Australia but also by CySEC, FSCA, FSA, and FSC, which guarantees that it upholds strict standards of fund security and trading integrity.
MetaTrader 4 and 5 are the most popular trading platforms offered by MP Markets, in addition to TradingView, cTrader, WebTrader, MT5 Mobile Trader, and Mobile Trading App. All these platforms have specialized tools and features catering to different trading strategies and preferences.
Our Insight
In my opinion, FP Markets is a good option for Filipino traders. The broker offers diverse financial instruments to trade with, including forex pairs, indices, commodities, cryptocurrencies, and more.
Our Recommendations
FP Markets definitely has a lot to offer Filipino clients; however, through our research, we have found a few areas where improvements can be made:
✅It would be to their advantage to get local regulatory compliance or cooperation. This would boost Filipino traders’ trust and security, acknowledging the importance of local financial rules.
✅Adding local deposit and withdrawal mechanisms that support the Philippine peso (PHP) currency will make funding easier for many Filipino traders.
Pros & Cons
| ✅Pros | ❌Cons |
| FP Markets offers a balanced mix of third-party and proprietary trading platforms | FP Markets is not locally regulated in Filipino |
| There are robust and feature-rich mobile trading apps for iOS and Android devices | FP Markets does not have a PHP-denominated account, subjecting traders to currency conversion fees |
| FP Markets are strictly regulated through reputable governing bodies | No welcome bonus or any promotions for new or existing clients |
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Frequently Asked Questions
What is the maximum leverage offered by FP Markets?
FP Markets offers a leverage of up to 1:500 on all four live account types.
Can I open more than one trading account with FP Markets?
Yes, you can open several trading accounts with FP Markets.
Are the trading platforms offered by FP Markets suitable for beginner traders in the Philippines?
Yes, FP Markets’ platforms, such as MetaTrader 4 and 5, are user-friendly and suited for beginners.
How can Filipino traders withdraw funds from FP Markets?
Filipinos can withdraw funds via Debit/Credit Card, Bank Wire, Neteller, Skrill, and various other withdrawal methods.
