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FP Markets Review

FP Markets Review

Updated : May 22, 2025

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Overall Rating

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 Detailed Summary

 

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 Year2005
⌛Regulation and LicensesASIC, CySEC, FSCA, FSA, FSC
4️⃣Ease of Use Rating4/5
🎁BonusesNone
⏰Support Hours24/7
📊Trading PlatformsMetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App
🗂️Account TypesStandard, Raw, Islamic Standard, Islamic Raw
💷Base CurrenciesAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, SGD
💶SpreadsFrom 0.0 pips
📈Leverage1:500
💴Currency PairsMajor, Minor, Exotic
💵Minimum Deposit90 SGD (AU$100)
💰Inactivity FeeNone
🗣️Website LanguagesEnglish, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, Russian
💸Fees and CommissionsSpreads from 0.0 pips, commissions from US$3 per side
🤝Affiliate Program✅ Yes
❌Banned CountriesUnited States, Japan, New Zealand
➡️Scalping✅ Yes
🌟Hedging✅ Yes
🛢️Trading InstrumentsForex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, Bonds
🚀Open an Account👉 Click Here

Regulation and Safety of Funds

 

FP Markts Review Security Measures

 

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 LtdAustraliaABN 16112600281ASIC1AFSL 286354
🥈First Prudential Markets LtdCyprusHE372179CySEC2371/18
🥉FP Markets (PTY) LTDSouth Africa2018/097037/07FSCA2FSP 50926
🏅FP Markets LTDMauritiusN/AFSC3GB21026264
🏆First Prudential Markets LimitedSeychellesN/AFSA3SD130

 

Protection of Client Funds

🔍Security Measureℹ️ Information
🗂️Segregated Accounts✅ Yes
👤Compensation Fund Member✅ Yes
💵Compensation Amount20,000 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 OrdersNone

 

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

 

FP Markets Award 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
🥇Standard90 SGD👉 Click HereAll1:500
🥈Raw90 SGD👉 Click HereAll1:500
☪️Islamic Standard90 SGD👉 Click HereAll1:500
➡️Islamic Raw90 SGD👉 Click HereAll1:500

 

Standard 

 

FP Markets Review Standard Account

 

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 

 

FP Markets Raw Account

 

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 

 

FP Markets Review 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 

 

FP Markets 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 

 

FP Markets Review 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.

 

FP Markets Open Account Step 1

 

Step 2: Complete the Online Application Form

Remember to provide accurate information to prevent any delays during the verification process.

 

How To Open an Account FP Markets

 

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
⌛RegulationCySEC, FSCA, ASIC, FSC, FSAASIC, CySEC, FSCA, FCA, BVI FSCFSA, FSCA
📈Trading PlatformMetaTrader 4
MetaTrader 5
cTrader
IRESS
FP Markets App
Markets.com
MetaTrader 4
MetaTrader 5
MetaTrader 4
CMTrading Web
CopyKat
💴Withdrawal Fee✅ YesNone✅ Yes
🗂️Demo Account✅ Yes✅ Yes✅ Yes
💵Min Deposit90 SGD (AU$100)67 SGD ($50)136 SGD ($100)
⬆️Leverage1:5001:3001:200
📝Spread0.0 pipsFrom 0.6 pipsFrom 0.9 pips
💷CommissionsFrom US$3Spread onlyNone; only the spread is charged
🛑Margin Call/Stop-Out100%/50%50%/30%From 20%
🧑‍⚖️Order ExecutionMarketInstant, MarketMarket
💶No-Deposit BonusNoneNoneNone
💰Cent AccountsNoneNoneNone
🗂️Account TypesMT4/5 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 RegulationNoneNoneNone
💵SGD DepositsNoneNoneNone
➡️SGD AccountNoneNoneNone
⏰Customer Service Hours24/724/524/5
📌Retail Investor Accounts454
☪️Islamic Account✅ Yes✅ Yes✅ Yes
⬇️Minimum Trade Size0.01 lots0.01 lots0.01 lots
⬆️Maximum Trade Size50 lots100 lotsUnknown
⏱️Minimum Withdrawal TimeInstant24 hoursInstant
🕰️Maximum Estimated Withdrawal TimeUp to 10 working days7 working daysUp 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

 

FP Markets 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 Review 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

 

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 

 

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 Review 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

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

Read Review

CySEC, MWALI, FSCA

$25

#4

Read Review

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#5

Read Review

FSCA, FSC, ASIC, CySEC, DFSA

$5

#6

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$0

#7

FSA, CySEC, FSCA, FSC

$10

#8

Read Review

ASIC, CySEC, FSCA, FSA

$100

#9

Read Review

CySEC, FCA, FSA, FSCA

$100

#10

Read Review

FCA, CMA, FSC

$200

#1

$100

Minimum Deposit

#2

$0

Minimum Deposit

#3

$25

Minimum Deposit

#4

$10

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$100

Minimum Deposit

#9

$100

Minimum Deposit

#10

$200

Minimum Deposit

Trading Instruments & Products

 

Which Markets can you Trade with FP Markets Review

 

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

 

FP Markets Review 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 CardAllAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AEDInstant – 10 days
🏦Bank TransferAllAUD, USD, EUR, GBP, SGD, CAD1 day
📌NetellerAllAUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USDInstant – 1 day
➡️SkrillAllAUD, CAD, EUR, GBP, INR, USD, BRLInstant – 1 day
🌐Asia BanksAllMYR, IDR, VNDInstant
🚩SticPayAllJPY, EUR, GBP, USD, HKD, TWD, KRW, SGDInstant – 2 days
✏️FasaPayAllUSD, IDRInstant – 1 day
💻Virtual PayAllKES, UGX, TSHInstant – 1 day
👉Rupee PaymentsAllINRInstant – 2 days
🚀RapydAllBRL, MXN, COP, CLPInstant – 2 days
💷Perfect MoneyAllUSDInstant – 1 day
🌟PagsmileAllBRL, CLP, COP, PEN, MXN, USDInstant – 1 day
💰CryptocurrenciesAllADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP, TUSD, USDC (ERC20), USDT (ERC20), USDT (TRC20), ZEC1 hour – 1 day
🦎DragonpayAllPHPInstant – 1 day
📲Rapid TransferAllEUR, DKK, SEK, HUF, GBP, PLN, NOKInstant
✔️Crypto Payments (Finrax)AllBTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20)1 hour – 1 day
🛎️MybuxAllZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZSInstant
🔖XPAYAllIDR, MYR, THB, VNDInstant – 1 day
🍎Apple PayAllAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AEDInstant – 1 day
🌎Google PayAllAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AEDInstant – 1 day
🖋️PaymentRushAllINRInstant
⚙️B2BinpayAllBTC, BCH, DASH, DOGE, ETH, LTC, TUSD, USDC, USDT (ERC20), USDT (TRC20), XRP, ZEC1 business day
🟣ThuderxpayAllLAKInstant
🖥️Plusdebit / Online BankingAllVNDInstant
🥇FP Markets P2PAllVNDInstant
📱Plusdebit/ QR CodeAllVNDInstant
💙Plusdebit / MOMO QR CodeAllVNDInstant
🏷️PaymentAsia (QRIS and e-Wallets)AllIDRInstant
📍CoinspaidAllBTC, LTC, BCH, ADA, ETH, DOGE, NEO, XRP, USDTE, USDTT, XIN, BNB, BSV, EURS, USDC, TRX, XED, DAI1 business day
👥Broker to BrokerAllAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD1 business day
🏦Domestic Bank WireAllAUD1 business day
🌎International Bank WireAllAUDUp to 5 days
💻Online BankingAllIDRInstant

 

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).

 

FP Markets Review Deposits

 

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 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

 

FP Markets Review 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

 

FP Markets 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

 

FP Markets Affiliate Account Step 1

 

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.

 

FP Markets Affiliate Account Step 2

 

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.

 

FP Markets Affiliate Account Step 3

 

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 Hours24/7
👉Support LanguagesMultilingual
🗣️Live Chat✅ Yes
💻Email Address✅ Yes
☎️Telephonic Support✅ Yes
4️⃣The overall quality of FP Markets Support4/5
🚀Open an Account👉 Click Here

 

Response Time

🫴🏻Support Channel⏰Average Response Time⏱️User-based Response Time
☎️Phone5 minutes2 – 3 minutes
💻Email24 hoursSame-day
🗣️Live Chat2 – 5 minutes5 minutes
📱Social Media5 – 10 minutes5 minutes
🤝Affiliate24 – 48 hours24 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 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 

 

FP Markets 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 feesFP Markets is not locally regulated in Singapore
Singaporeans can deposit and withdraw in SGD using flexible payment methodsFP 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

Yes, Singaporean traders may access MetaTrader 4 and MetaTrader 5 platforms via FP Markets, providing a familiar trading experience.

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.

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.

A minimum deposit of 90 SGD is required to open an account with FP Markets.

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.

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.

Yes, FP Markets supports using Expert Advisors (EAs) on their MetaTrader platforms and permits using Virtual Private Servers (VPS) for dependable algorithmic trading.

FP Markets offers a wide range of trading options for Singaporean traders, including forex, shares, indices, metals, commodities, and cryptocurrencies.

FP Markets is headquartered in Sydney, Australia, and operates under the regulatory supervision of ASIC, CySEC, FSCA, FSA, and FSC.

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