
FP Markets Review
FP Markets Review has superior trading conditions across more than 10,000 financial instruments. FP Markets is an MT4 / MT5 broker. Indonesians can access a user-friendly backend dashboard where they can monitor trades and manage funds.

- Louis Schoeman
Updated : May 22, 2025
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Min Deposit
90 SGD (AU$100)
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT4, MT5, IRESS, cTrader, FP Markets App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
FP Markets is an Australian broker and a globally renowned Forex and CFD trading firm. FP Markets offers Singaporeans competitive pricing and a wide range of trading instruments, earning industry awards and becoming a trusted choice for traders worldwide.
Furthermore, they are particularly appealing to traders in Singapore, as it strictly adheres to regulations set by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), and others, ensuring a high level of trust and security.
In addition, this broker has competitive spreads starting from 0.0 pips and leverage of up to 1:500, appealing to Indonesians who want cost-effective strategy optimization.
Singaporean traders benefit from Singapore’s strategic location and strong economy in global financial markets.
Moreover, they provide a platform that supports various financial instruments, including forex pairs relevant to Asian currencies and is available in multiple languages, including English.
FP Markets has been a leader in technological innovation in trading, offering platforms like MetaTrader 4 and MetaTrader 5, IRESS, powerful charting tools, technical indicators, and automated trading capabilities.
In addition, they also emphasizes enhancing trader knowledge and skills by using and providing comprehensive educational resources, including eBooks, video tutorials, and webinars.
Today, they are a reputable broker known for providing a secure and technologically advanced trading environment, excellent service, and reliability.
Is FP Markets regulated in Singapore?
While FP Markets is not locally regulated in Singapore, it is overseen by reputable regulatory authorities like ASIC and CySEC, ensuring worldwide compliance.
Can Singaporean traders entrust their funds to FP Markets?
Yes, FP Markets prioritizes client funds’ security by separating them from business assets, using modern encryption technology, and following stringent regulatory standards.
At a Glance
🔍 Broker | 🥇 FP Markets |
🔢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, IRESS, cTrader, FP Markets App |
🗂️Account Types | Standard, Raw, Islamic Standard, Islamic Raw |
💷Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, SGD |
💶Spreads | From 0.0 pips |
📈Leverage | 1:500 |
💴Currency Pairs | Major, Minor, Exotic |
💵Minimum Deposit | 90 SGD (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 Singapore
The Monetary Authority of Singapore (MAS) does not regulate FP Markets. 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 |
How safe is it for Singaporean investors to trade with FP Markets?
Extremely safe. They ensure investor safety by following all applicable regulations, including segregating client funds and participating in external dispute-resolution programs.
Is a risk disclosure statement available to Singaporean clients of FP Markets?
Yes. Every client, including those in Singapore, receives a thorough risk disclosure statement from FP Markets that explains the dangers of trading.
Awards and Recognition
A recent investigation of the FP Markets website revealed various honors that demonstrate the broker’s important position in the industry:
✅At the Ultimate Fintech Awards APAC 2023, FP Markets was recognized for outstanding trading execution and transparency.
✅FP Markets was named the best CFD broker in Africa at the FAME Awards 2023.
✅FxScouts recognized FP Markets as having the finest forex trading tools in 2023.
✅FP Markets was named Best Value Broker internationally for the sixth year in a row at the Global Forex Awards, adding to its impressive track record.
Account Types
🔍Live Account | 💵Minimum Deposit | 🚀Open an Account | 📈Platforms | ⬆️Leverage |
🥇Standard | 90 SGD | 👉 Click Here | All | 1:500 |
🥈Raw | 90 SGD | 👉 Click Here | All | 1:500 |
☪️Islamic Standard | 90 SGD | 👉 Click Here | All | 1:500 |
➡️Islamic Raw | 90 SGD | 👉 Click Here | All | 1:500 |
Standard
The Standard Account is designed for all sorts of traders in Singapore, whether new to trading or with extensive expertise and want uncomplicated trading.
This account provides access to various financial instruments, including Forex, indices, and commodities, with no commission costs.
In addition, You can start trading with a minimum deposit of 90 SGD, and typical spreads start from 1 pip, ensuring competitive trading conditions. Furthermore, with leverage of up to 1:500, Singaporean traders can extend their market exposure.
Raw
The Raw Account is ideal if you are a Singapore trader who values precision and reduced trading expenses. It provides incredibly narrow spreads beginning at 0.0 pips, costing US$3 per side for each lot.
This account is ideal for high-volume traders and scalpers who want to maximize their deals through raw pricing and quick execution. Like the Standard Account, it needs a minimum deposit of 90 SGD and has a leverage of up to 1:500.
Islamic Standard
This broker provides the Islamic Standard Account for Muslim traders in Singapore seeking a Sharia-compliant option.
This account adheres to Islamic financial standards, which means it does not use swaps or rollover interest on overnight holdings.
Traders benefit from $0 costs and spreads beginning at 1 pip, with a minimum deposit of 90 SGD. It allows faith-based traders to engage in global financial markets while adhering to religious principles.
Islamic Raw
The Islamic Raw Account meets Muslim traders’ demands in Singapore, seeking rapid and cost-effective trading while complying with Sharia law.
This account has no swap costs, raw spreads starting at 0.0 pips, and a fee of US$3 per side for every lot.
Therefore, it is a fantastic alternative for experienced traders in Singapore, especially scalpers and those employing automated methods, who demand small spreads while adhering to Islamic financial rules.
Demo Account
The demo account simulates real-market situations with virtual funds, allowing users to explore FP Markets’ platforms and products. Whether an inexperienced or seasoned trader, the trial account allows you to test methods and become acquainted with the broker’s features without time constraints.
Furthermore, the demo account does not require real funds or verification documents, making it an excellent starting place for new Singaporean traders.
Professional Account
The Professional Account is for Singapore’s most experienced professional traders. It provides increased leverage and special features for seasoned investors.
To qualify, Singaporeans must fulfill severe wealth or experience requirements, such as demonstrating considerable financial holdings or professional finance experience.
This account eliminates leverage limits on regular retail accounts and provides a stable foundation for making large-volume transactions across a wide range of products, from Forex to cryptocurrencies.
Can Singaporean traders open multiple accounts at FP Markets?
Yes, Singaporean traders can open numerous accounts, allowing them to diversify their trading methods or explore the diverse trading conditions provided by different account kinds.
Can Singaporean traders swap account types after creating an account?
Yes, Singaporean traders can switch between account types at any moment, allowing them to easily adjust to changing market conditions or trading preferences.
How To Open an Account Step-by-Step
Step 1: Go to the official website and click on the “Start Trading” banner
Select the account type that best suits your needs from the available options, such as Standard or Raw. Singaporeans should know that each account type offers unique spreads and minimum deposit requirements to accommodate various trading styles.
Step 2: Complete the Online Application Form
Remember to provide accurate information to prevent any delays during the verification process.
Step 3: Wait for Approval from FP Markets
Ensure you provide the required KYC documentation, such as a government-issued ID and proof of residence, like a utility bill or bank statement, to meet the necessary regulatory requirements.
Review and accept the Terms and Conditions of FP Markets before submitting your application electronically.
Once your account is approved, you will receive the necessary information to download and install the trading platforms offered by FP Markets.
Can Singaporean traders open joint accounts with FP Markets?
Yes, Singaporean traders can open a joint trading account with FP Markets, allowing them to share trading obligations and access the financial markets alongside a spouse or family member.
Can Singaporean traders open numerous FP Markets trading accounts at once?
Yes, Singaporean traders can open numerous trading accounts with FP Markets simultaneously.
FP Markets vs Markets.com vs CMTrading – Broker Comparison
🔍Broker | 🥇FP Markets | 🥈Markets.com | 🥉CMTrading |
⌛Regulation | CySEC, FSCA, ASIC, FSC, FSA | ASIC, CySEC, FSCA, FCA, BVI FSC | FSA, FSCA |
📈Trading Platform | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | Markets.com MetaTrader 4 MetaTrader 5 | MetaTrader 4 CMTrading Web CopyKat |
💴Withdrawal Fee | ✅ Yes | None | ✅ Yes |
🗂️Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
💵Min Deposit | 90 SGD (AU$100) | 67 SGD ($50) | 136 SGD ($100) |
⬆️Leverage | 1:500 | 1:300 | 1:200 |
📝Spread | 0.0 pips | From 0.6 pips | From 0.9 pips |
💷Commissions | From US$3 | Spread only | None; only the spread is charged |
🛑Margin Call/Stop-Out | 100%/50% | 50%/30% | From 20% |
🧑⚖️Order Execution | Market | Instant, Market | Market |
💶No-Deposit Bonus | None | None | None |
💰Cent Accounts | None | None | None |
🗂️Account Types | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account | Basic Account Classic Account Silver Account Gold Account Platinum Account | Bronze Account Silver Account Gold Account Premium Account |
🌟MAS Regulation | None | None | None |
💵SGD Deposits | None | None | None |
➡️SGD Account | None | None | None |
⏰Customer Service Hours | 24/7 | 24/5 | 24/5 |
📌Retail Investor Accounts | 4 | 5 | 4 |
☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
⬆️Maximum Trade Size | 50 lots | 100 lots | Unknown |
⏱️Minimum Withdrawal Time | Instant | 24 hours | Instant |
🕰️Maximum Estimated Withdrawal Time | Up to 10 working days | 7 working days | Up to 3 working days |
✔️Instant Deposits and Instant Withdrawals? | ✅ Yes | ✅ Yes, Deposits | ✅ Yes, deposits and withdrawals |
🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Trading Platforms and Software
This broker offers Singaporean traders the following Trading Platforms:
➡️MetaTrader 4
➡️MetaTrader 5
➡️FP Markets App
➡️IRESS
➡️cTrader
MetaTrader 4
FP Markets’ MT4 provides Singapore traders with robust market analysis tools. MetaTrader 4 offers diverse custom indicators, allowing Singaporeans to create their own.
This is crucial because Singapore possesses a distinct trading environment. The platform also provides traders with timely market news directly within the platform.
The broker’s partnership with MetaTrader 4 provides traders access to extensive liquidity, resulting in precise pricing and the capacity to execute rapid trades.
MetaTrader 5
FP Markets’ MetaTrader 5 features a sophisticated economic calendar seamlessly integrated with its trading tools. This assists Singaporean traders in making prompt decisions based on economic events.
Furthermore, MetaTrader 5 stands out from other platforms by offering various trading options beyond forex and CFDs.
Singaporeans can also access futures and equities, providing a well-rounded trading experience. In addition, the strategy tester is highly beneficial for traders in Singapore who optimize their automated trading strategies.
FP Markets App
The FP Markets App caters to the needs of active traders in Singapore. It provides advanced order types, such as pending and stop orders, which can be useful in the ever-changing Singaporean market.
Traders can effortlessly monitor their accounts, staying updated on important factors such as margin levels and performance, all from the convenience of their smartphones. This flexibility is essential for traders who want to stay informed about their trades, even away from their desks.
IRESS
FP Markets’ IRESS is a versatile platform for traders exploring markets beyond forex, such as shares and CFDs. Its live-streaming news service is crucial for Singaporean traders who require real-time information on Asian markets.
The platform also offers a portfolio management tool, enabling traders to monitor their profits and losses in real time. This is particularly crucial for investors in Singapore who have diversified portfolios.
cTrader
FP Markets’ cTrader offers Level II pricing, providing traders with complete market depth for enhanced price transparency.
The Singaporean trading community highly appreciates this feature, as they strongly prefer to assess market liquidity and depth easily. cTrader is highly favored by professional traders in Singapore who use multiple monitors and desire a personalized trading setup.
This is attributable to its detachable charts and customizable interface. FP Markets’ cTrader platform is tailored to meet the precise and sophisticated interface requirements of professional traders in Singapore.
Can I tailor the trading interface on FP Markets’ platforms to my preferences?
Yes, their trading platforms include considerable customization possibilities, allowing Singaporean traders to tailor their trading interfaces with various indicators, charting tools, and templates to their trading methods and tastes.
Can Singaporean traders use social trading features on the FP Markets platforms?
Yes, they provide social trading features through its platforms, allowing Singaporean traders to engage with other traders, share insights, and even duplicate experienced investors’ transactions, fostering collaboration and learning within the trading community.
10 Best Forex Brokers in Singapore
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Official Site
Trading Instruments & Products
FP Markets offers the following trading instruments and products:
➡️Cryptocurrencies
➡️Bonds
➡️Metals
➡️Energies
➡️Indices
➡️Agricultural Commodities
➡️Forex
➡️Shares
Are there any limitations on the trading hours of financial instruments for Singaporean traders on FP Markets?
No, they provide 24/5 trading for major financial instruments, allowing Singaporean traders to make transactions at their leisure throughout market hours across many time zones, increasing trading flexibility.
Can Singapore traders trade precious metals like gold and silver on FP Markets?
Yes, Singaporean traders can trade precious metals like gold and silver on FP Markets, which allows for portfolio diversification and exposure to different asset classes besides traditional currencies.
Fees, Spreads and Commissions
Spreads
This broker stands out in Singapore’s bustling trading scene because of its appealing spread offerings. The starting spreads for those on the Standard Account are from as low as 1 pip for major forex pairs.
This setup makes trading more cost-effective, especially for those not dealing in large volumes. In contrast, Singaporean traders get an even better offer for the Raw Account with spreads from 0.0 pips. This is perfect for those who use high-frequency or scalping strategies, where every pip counts.
Commissions
The broker stands out from rivals through its transparent pricing framework. Due to the Raw Account’s more favorable spreads make it popular among Singaporean traders, so an approximate US$3 per lot commission fee is assessed for each standard lot traded.
This rate is attractive and competitive for scalpers and high-volume day traders who require a transparent understanding of trading expenses.
Overnight Fees
Singaporeans who hold positions overnight are subject to overnight fees. They maintain these fees competitively and are tailored according to the specific instrument being traded.
Furthermore, overnight fees from FP Markets reflect the interest rate difference between currencies in a forex pair or the cost of carrying other instruments. This structure is designed to be fair and transparent, helping Singapore traders plan their trades with all costs in mind.
Deposit and Withdrawal Fees
FP Markets makes deposits easy by not charging any deposit fees. This is a large advantage to Singaporean traders who want to make the most of their trading capital without extra costs.
While withdrawal fees might apply based on the method used, FP Markets keeps them low to stay competitive and ensure traders can access their funds conveniently. Some typical fees that Singaporeans can expect include 1% on Neteller, 0.5% on Skrill, and 3.75% on bank transfers.
Inactivity Fees
Inactivity fees can inconvenience Singaporeans who do not trade regularly, especially long-term traders. However, FP Markets offers Singaporeans a large advantage by not charging any inactivity fees.
Furthermore, the lack of inactivity fees ensures that long-term and casual traders have one less non-trading fee to worry about, allowing them to focus on profitability.
Currency Conversion Fees
Currency conversion fees become applicable when Singaporeans transact with instruments denominated in a currency other than the base currency of their account.
These expenses are calculated by FP Markets using the current market exchange rates. This can also have an impact on the profitability of currency exchange transactions.
One of the main benefits of FP Markets is that FP Markets offers an SGD-denominated account, deposits, and withdrawals to traders, exempting them from certain conversion fees.
Does FP Markets impose a fee on trades made by Singaporean traders?
Yes, they charge a transparent commission on transactions performed by Singaporean traders, with commission rates varied according to account type and trading instrument to ensure pricing clarity and fairness.
Are there any deposit or withdrawal fees for Singaporean traders when they fund or withdraw funds from their FP Markets accounts?
FP Markets does not charge deposit fees for financing accounts; however, some withdrawal methods can entail costs imposed by third-party payment providers.
Deposit & 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 ‘Funds’ or ‘Deposits’ section after signing into FP Markets.
✅Choose the ‘Bank Wire’ option from the available deposit methods.
✅Select the currency for your deposit, but note any potential conversion fees that could apply.
✅Provide the necessary information, such as the deposit amount, beneficiary name, and bank details, as instructed by the broker.
✅Carefully review all the information provided to ensure a smooth deposit process.
✅Begin the wire transfer through your bank using the information and reference number given by the broker.
✅Keep a copy of the transfer receipt and give it a few business days for the funds to appear in your FP Markets account.
Credit or Debit Card
✅Access your account and navigate to the ‘Funds’ or ‘Deposits’ section.
✅Choose ‘Credit/Debit Card’ as your preferred deposit method and provide your card information, including the card number, expiration date, and CVV/CVC code.
✅Follow any additional security measures your bank may require, such as entering a one-time password or PIN.
✅Ensure that all the information you have entered is correct. Once you submit your deposit request, the funds will be credited to your account immediately.
Cryptocurrency
✅Access your account and navigate to the ‘Funds’ or ‘Deposit’ section.
✅Choose ‘Cryptocurrency’ as your preferred deposit method and indicate the specific cryptocurrency you want to utilize.
✅Enter the amount you wish to deposit, and copy the unique address on the screen.
✅Access your cryptocurrency wallet, initiate a transfer, and enter the deposit address provided by the broker as the recipient.
✅Ensure that all the details are accurate before proceeding with the transfer. Once completed, the funds should be deposited into your FP Markets account shortly.
e-Wallets or Payment Gateways
✅Sign into your account and navigate to the ‘Funds’ or ‘Deposit’ section.
✅Select your preferred e-wallet or payment gateway from the available options, including PayPal, Skrill, or Neteller.
✅Enter the deposit amount and meet any minimum deposit requirements associated with your account type (typically from 90 SGD across accounts).
Withdrawals
Bank Wire
✅Access your secure client area, navigate to the ‘Funding’ section, then proceed to ‘Withdraw.’
✅Select ‘Bank Transfer’ from the dropdown menu labeled ‘Method of Withdrawal.’
✅Complete the withdrawal request form by providing the necessary information, including your trading account details, desired withdrawal amount, and bank information.
✅Submit the withdrawal request and wait for FP Markets to process the transaction. Singaporeans should note that the transaction can take a few business days.
Credit or Debit Cards
✅Select ‘Withdraw Funds’ from the account menu to access your account.
✅Choose ‘Credit/Debit Card’ as your preferred withdrawal method and input the amount you wish to withdraw.
✅Ensure the card details match your initial deposit method and submit the request. The processing time is usually within one business day.
Cryptocurrency
✅Log into your client area from the website.
✅Choose ‘Cryptocurrency’ as your preferred withdrawal option and provide the wallet address where the funds will be sent.
✅Enter the withdrawal amount, double-check the details, and submit your request. Singaporeans must remember that processing times vary depending on the cryptocurrency network.
e-Wallets or Payment Gateways
✅Access your client area and locate the withdrawal section.
✅Select ‘e-Wallet’ or a specific payment gateway, then choose your preferred provider.
✅Enter the amount you would like to withdraw and submit your request. FP Markets usually processes e-wallet withdrawals promptly after approval.
Can Singaporean traders deposit funds into their FP Markets accounts in Singapore dollars (SGD)?
Yes, Singaporean traders can deposit funds into their accounts in SGD, which is convenient and eliminates the need for currency conversion.
Are there any withdrawal limitations for Singapore traders on FP Markets?
No, they do not set precise withdrawal limitations for Singaporean traders, enabling them to withdraw funds from their trading accounts according to their available balance.
Leverage and Margin
FP Markets gives Singaporean traders a leverage system for larger positions with lower starting investments, offering up to 1:500 leverage on forex and precious metals.
This high leverage allows for expanded market exposure but requires a thorough understanding of risk management to reduce losses. This broker also offers margin requirements for various financial instruments, such as indexes, energy, and agricultural commodities, with leverage of up to 1:200.
They offer a maximum leverage of 1:20 for stock trading, matching equities markets’ risks and liquidity characteristics.
Cryptocurrency trading, known for its volatility, has a more cautious leverage limit of 1:5, demonstrating their commitment to fostering sustainable trading habits among its clients.
Does FP Markets provide negative balance protection to Singaporean traders who use leverage?
Yes, they offers negative balance protection to Singaporean traders who use leverage, ensuring that their account balances do not go below zero, protecting them from potential losses greater than their deposited funds.
Can Singaporean traders track their margin use in real-time on FP Markets’ trading platforms?
Yes, their trading systems provide Singaporean traders with real-time access to margin use, allowing them to monitor their margin levels, analyze risk exposure, and take proactive steps to manage margin requirements properly.
Educational Resources
Forex Calculator
The Forex Calculator is an essential tool for traders in Singapore. It lets them efficiently calculate their trades’ potential profits, losses, and costs.
Furthermore, this tool is crucial for effectively managing risk and planning trades, particularly given the distinct dynamics of forex trading, which is popular in Singapore.
Traders Hub Blog
Traders Hub Blog provides a valuable platform for continuous learning for individuals in Singapore. It offers valuable market trends, trading strategies, and financial news information.
The blog consistently publishes articles that delve into the intricacies of trading, making it a valuable resource for traders seeking to stay well-informed about global financial markets from a Singaporean perspective.
Trader’s Hub
Trader’s Hub provides various educational resources, such as webinars and eBooks. This Hub is especially beneficial for Singaporean traders looking to enhance their knowledge of various trading instruments and markets.
Furthermore, Trader’s Hub encompasses various topics, from fundamental principles to sophisticated trading strategies.
Technical Analysis
FP Markets offers a range of Technical Analysis resources to assist Singaporean traders in effectively analyzing market trends and price movements.
Traders can acquire expertise in using technical indicators and chart patterns through comprehensive video courses and seminars, which are highly regarded in Singapore’s dynamic trading landscape.
Fundamental Analysis
There are also materials available to help traders evaluate economic factors that affect market prices. Understanding the impact of macroeconomic indicators, policy decisions, and financial news on trading decisions is essential for Singaporean traders in forex and commodities markets.
Economic Calendar
The Economic Calendar is an essential tool for Singaporean traders, providing a real-time view of upcoming economic events that have the potential to impact financial markets.
It helps Singaporean traders to strategize their trades based on economic announcements, letting them forecast market movements and adapt their strategies accordingly.
Trading Knowledge
Trading Knowledge resources are designed to enhance the fundamental understanding of trading principles among traders in Singapore.
These resources provide comprehensive coverage of various topics, equipping traders with the necessary knowledge to successfully navigate global markets. From the fundamentals of forex trading to effective risk management strategies, traders can enhance their preparedness.
Does FP Markets provide individualized educational help to Singapore traders?
Yes, they offer Singaporean traders specific educational assistance through dedicated account managers who give coaching, mentorship, and specialized learning suggestions based on their trading goals, preferences, and skill levels.
Does FP Markets work with external experts or educational institutions to improve its educational offerings for Singapore traders?
Yes, the broker works with external experts, educational institutions, and industry partners to improve its training offerings for Singaporean traders, using multiple viewpoints, knowledge, and resources to provide high-quality instructional content targeted to traders’ requirements.
Bonuses and Promotions
In our investigation of FP Markets’ incentives in Singapore, we observed that the company offers an intriguing cashback rebate scheme for affiliates, which is particularly noteworthy given the lack of traditional trading bonuses.
As we discovered, this effort comprises a $200 CPA commission and a $1.25 rebate for every lot exchanged. We found that affiliates can access powerful real-time monitoring equipment to track referrals and trading actions precisely.
Furthermore, the scheme is intended to drastically reduce trading expenses, increasing profits for both affiliates and traders. Furthermore, we also discovered that FP Markets provides affiliates with a comprehensive collection of marketing options to attract new customers efficiently.
Affiliate Programs
Features
Through our analysis of FP Markets’ bonuses, we have found that the vibrant financial market in Singapore offers a perfect environment for the FP Markets Forex Affiliate Program.
We found that this program offers partners the chance to collaborate with a well-known forex broker that is renowned for its strong trading systems and excellent trading conditions.
The program has been carefully crafted to maximize earning potential, with impressive conversion rates and a multi-tier commission structure that rewards generously. Partners can access cutting-edge IB & Affiliate Portals and utilize state-of-the-art real-time tracking technology.
In addition, customers also receive support from conversion specialists 24/5 to ensure they always have assistance available.
With its comprehensive support system and efficient payment process, we believe the FP Markets Forex Affiliate Program is a standout choice for partners in Singapore.
Therefore, Singaporeans who want to broaden their offerings in the forex market will discover this program as an invaluable resource.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the FP Markets website and click on the “Partners” tab
Step 2: Click on the “Join Now” banner
Ensure you thoroughly review all the information on the affiliate program page to understand the various partnership opportunities available.
Step 3: Complete the online application form
You might also have to provide information on your marketing strategies and how you intend to draw users to FP Markets. This will allow the broker to give you a customized program for your Singaporean audience.
Step 4: Wait for conformation
Once you’ve submitted the form, you can anticipate receiving a confirmation email from FP Markets. This email will contain further instructions to complete the setup of your affiliate account.
Are FP Markets affiliates in Singapore eligible for any location-specific benefits?
Yes. With their stellar reputation in Asia-Pacific and locally relevant marketing materials, Singaporean affiliates could be eligible for location-specific benefits.
Can affiliates in Singapore take advantage of special contests or promotions run by FP Markets?
Yes. Affiliates in Singapore can occasionally participate in unique promotions and contests offered by FP Markets.
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 |
🚀Open an Account | 👉 Click Here |
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 |
How can customers in Singapore take their complaints to the next level at FP Markets?
The steps involved are contacting FP Markets’ customer service and, if required, following the broker’s official complaints procedure.
Does FP Markets provide Singaporean traders with real-time support during market hours?
Yes, their live support channels are available to provide Singaporean traders with real-time help not only during market hours but also over weekends and on public holidays.
Social Responsibility
FP Markets does not have a dedicated section on its website that provides information about its Corporate Social Responsibility projects or initiatives. This omission shows that there is no publicly accessible data on any CSR initiatives in which FP Markets might be participating.
User Comments and Reviews
FP Markets is a popular broker, and we found that thousands of clients frequently leave comments about the broker on reputable sites. Here are a few of the latest we’ve found:
🥇“Spreads offered by FP Markets are unique. One of the reasons I went with FP Markets is because of the significant impact it has on my trading expenses.”
🥈“The only thing I would modify is the webpage for FP Markets. Something has to be done to make it look more modern.”
🥉“FP Markets has mostly met my expectations. Experienced and novice traders alike will benefit from working with their broker, in my opinion.”
🏆“Since using FP Markets for a few months now, I am pretty satisfied with their service. Their customer service is excellent, and their website is easy to use.”
Conclusion
According to our findings, FP Markets is a popular choice for Singaporean traders to navigate forex and CFD markets.
With over 10,000 trading instruments and competitive spreads, it offers a comprehensive trading environment suitable for beginners and professionals.
According to our research, FP Markets offers Singaporeans advanced platforms like MetaTrader 4, MetaTrader 5, IRESS, and cTrader, along with educational resources.
FP Markets prioritizes security, complying with ASIC and CySEC regulations, segregating client funds, and implementing digital security measures.
However, our findings show that there is no local regulation in Singapore, and withdrawal fees can be a concern.
Despite these drawbacks, we can conclude that FP Markets remains committed to providing a competitive and secure trading platform, making it an attractive choice for global market access.
Our Insight
In my opinion, is FP Markets a good option for Singaporean traders. Leverage of up to 1:500 is offered when forex is traded and negative balance protection is applied. They also offer a non-expiring demo account which is great for beginners.
Our Recommendations
While we do not doubt that FP Markets can cater to a range of traders from Singapore, our review highlights a few areas where they could improve by considering the following:
✅An objective for FP Markets should be to secure a license from the Monetary Authority of Singapore (MAS) to establish credibility and attract further clients. In addition to increasing their reputation, this would demonstrate to clients that they conform to local legislation, giving them peace of mind.
✅Investing in state-of-the-art technology infrastructure is another crucial step to guarantee reliable and faster trading execution. Establishing local data centers to avoid delays might help Singapore meet the high expectations for technical efficiency that come with its status as a digital powerhouse.
✅FP Markets could design and market environmentally conscious trading portfolios. The country’s focus on sustainability and green finance makes this a potentially appealing option for Singaporean traders who place a premium on environmental issues.
Pros & Cons
✅ Pros | ❌ Cons |
FP Markets does not apply deposit or inactivity fees | FP Markets is not locally regulated in Singapore |
Singaporeans can deposit and withdraw in SGD using flexible payment methods | FP Markets’ withdrawal fees can be expensive |
Singaporeans can use any flexible trading strategy with FP Markets, including hedging, scalping, EAs, etc. | There are no educational events in Singapore |
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Frequently Asked Questions
I'm used to trading on MetaTrader 4. Does FP Markets support it in Singapore?
Yes, Singaporean traders may access MetaTrader 4 and MetaTrader 5 platforms via FP Markets, providing a familiar trading experience.
How long does FP Markets’ withdrawal take?
Withdrawals at FP Markets are typically processed within 24 hours. However, Singaporeans must note that the time it takes for funds to be credited to an account will depend on the withdrawal method chosen and when the request is submitted.
Can I open an Islamic trading account with FP Markets Singapore?
Yes, FP Markets provides swap-free Islamic accounts for traders who follow Sharia law. These accounts are subject to special criteria to ensure their continued compliance.
What is FP Markets’ minimum deposit?
A minimum deposit of 90 SGD is required to open an account with FP Markets.
Does FP Markets provide resources designed exclusively for Singaporean forex beginners?
Yes, FP Markets has a complete education component that includes webinars, articles, and videos. They also offer market data and insights to enable Singaporean traders to comprehend the local market impacts.
Is FP Markets a safe broker?
Yes, FP Markets is widely regarded as a secure option, thanks to its regulation by esteemed authorities like ASIC and CySEC and its implementation of rigorous security protocols, such as the segregation of client funds.
Can I use FP Markets to run automated trading techniques in Singapore?
Yes, FP Markets supports using Expert Advisors (EAs) on their MetaTrader platforms and permits using Virtual Private Servers (VPS) for dependable algorithmic trading.
What can I trade with FP Markets?
FP Markets offers a wide range of trading options for Singaporean traders, including forex, shares, indices, metals, commodities, and cryptocurrencies.
Where is FP Markets based?
FP Markets is headquartered in Sydney, Australia, and operates under the regulatory supervision of ASIC, CySEC, FSCA, FSA, and FSC.