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FP Markets Canada

(5 out of 5 stars from 5 Reviews)

C$ 150,00

Open account

FP Markets is a globally recognized online forex and CFD (Contract for Difference) broker, known for offering a wide range of trading instruments, competitive spreads, and robust trading platforms. Originating from Australia, FP Markets has expanded its reach to numerous regions, including Canada. This article explores FP Markets’ offerings, regulatory landscape, and the unique features available to Canadian traders.

fpmarkets Canada

Overall Rating

97%

"Top Brokers in CA"

02/2020

Minimum Deposit
99%
Support
97%
Withdrawals
95%

Regulatory Environment

In Canada, the financial market is regulated by multiple provincial and territorial regulatory bodies rather than a single national entity. The Investment Industry Regulatory Organization of Canada (IIROC) oversees all investment dealers and trading activity in the country. While FP Markets is not directly regulated by IIROC, it operates under the stringent oversight of the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies ensure that FP Markets adheres to high standards of transparency, security, and fairness, indirectly benefiting Canadian traders.

Trading Instruments

FP Markets offers a diverse range of trading instruments, catering to both novice and experienced traders. These include:

  • Forex: Over 60 currency pairs, providing ample opportunities for forex traders.
  • Commodities: Gold, silver, oil, and other commodities for diversifying trading portfolios.
  • Indices: Access to major global indices, such as the S&P 500, NASDAQ, and FTSE 100.
  • Shares: CFDs on shares from major markets, including the US, UK, Europe, and Asia.
  • Cryptocurrencies: Popular digital currencies like Bitcoin, Ethereum, and Ripple.

This variety allows traders to build diversified portfolios and hedge their investments across different asset classes.

Trading Platforms

FP Markets offers several advanced trading platforms tailored to meet the needs of various trading styles and preferences:

  • MetaTrader 4 (MT4): Known for its user-friendly interface and comprehensive charting tools, MT4 is a favorite among forex traders.
  • MetaTrader 5 (MT5): The successor to MT4, MT5 offers additional features, including more timeframes and advanced order types.
  • Iress: A sophisticated trading platform ideal for professional traders, providing direct market access (DMA) and advanced analytical tools.
  • WebTrader: A browser-based platform that allows traders to access their accounts from any device without needing to download software.
  • Mobile Trading: FP Markets’ mobile apps ensure traders can monitor and execute trades on the go.

Competitive Edge

Several features distinguish FP Markets from its competitors:

  • Tight Spreads: FP Markets is known for offering some of the tightest spreads in the industry, starting from as low as 0.0 pips on major currency pairs.
  • Leverage: Competitive leverage options up to 500:1, providing traders with greater exposure to markets with a relatively small capital outlay.
  • Educational Resources: A comprehensive suite of educational materials, including webinars, eBooks, and market analysis, helps traders enhance their knowledge and skills.
  • Customer Support: Multilingual customer support available 24/5, ensuring that traders receive assistance whenever needed.

Account Types

FP Markets offers various account types to suit different trading needs:

  • Standard Account: Ideal for beginners, with no commission charges and slightly wider spreads.
  • Raw Account: Preferred by experienced traders, offering ultra-tight spreads and a small commission per lot traded.
  • Islamic Account: Swap-free accounts compliant with Islamic finance principles.

FP Markets Canada: Frequently Asked Questions (FAQs)

1. Is FP Markets regulated in Canada?

FP Markets is not directly regulated by a Canadian regulatory body. However, it operates under the regulations of the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), which ensures high standards of security and transparency.

2. What trading instruments are available on FP Markets?

FP Markets offers a wide range of trading instruments, including:

  • Forex (over 60 currency pairs)
  • Commodities (gold, silver, oil, etc.)
  • Indices (S&P 500, NASDAQ, FTSE 100, etc.)
  • Shares (CFDs on global shares)
  • Cryptocurrencies (Bitcoin, Ethereum, Ripple, etc.)

3. What trading platforms does FP Markets provide?

FP Markets offers several advanced trading platforms, including:

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • Iress
  • WebTrader
  • Mobile Trading apps for iOS and Android

4. What types of accounts can I open with FP Markets?

FP Markets offers multiple account types to suit different trading needs:

  • Standard Account: No commission, wider spreads
  • Raw Account: Tight spreads, small commission per lot
  • Islamic Account: Swap-free, compliant with Islamic finance principles

5. What is the minimum deposit required to open an account with FP Markets?

The minimum deposit required to open an account with FP Markets is $100.

6. What leverage does FP Markets offer?

FP Markets offers competitive leverage options up to 500:1, allowing traders to gain greater market exposure with a relatively small capital outlay.

7. How can I deposit and withdraw funds from my FP Markets account?

FP Markets supports various deposit and withdrawal methods, including:

  • Bank transfers
  • Credit/debit cards
  • E-wallets (Skrill, Neteller, etc.)
  • Online payment systems

8. Does FP Markets charge any fees for deposits or withdrawals?

FP Markets generally does not charge fees for deposits. Withdrawal fees may vary depending on the method used. It’s advisable to check FP Markets’ official website for the most current information on fees.

9. What are the trading hours for FP Markets?

FP Markets operates 24 hours a day, 5 days a week, in line with global financial markets. Specific trading hours for various instruments can be found on the FP Markets website.

10. What customer support options are available with FP Markets?

FP Markets offers multilingual customer support available 24/5 via:

  • Live chat
  • Email
  • Phone
  • Support tickets through their website

11. What educational resources does FP Markets provide?

FP Markets offers a comprehensive range of educational materials, including:

  • Webinars
  • eBooks
  • Market analysis
  • Trading guides
  • Tutorials

12. Can I open a demo account with FP Markets?

Yes, FP Markets offers a demo account that allows you to practice trading with virtual funds before committing real money.

13. Is FP Markets suitable for beginner traders?

Yes, FP Markets is suitable for beginner traders due to its user-friendly platforms, extensive educational resources, and the availability of demo accounts for practice.

14. How can I contact FP Markets’ customer support?

You can contact FP Markets’ customer support via:

  • Live chat on their website
  • Email at [email protected]
  • Phone: Check their website for the latest contact numbers

Conclusion

FP Markets stands out as a versatile and reliable broker for Canadian traders, providing access to a wide range of financial instruments and advanced trading platforms. While not directly regulated by Canadian authorities, its adherence to international regulatory standards ensures a secure and transparent trading environment. With competitive pricing, extensive educational resources, and excellent customer support, FP Markets continues to attract a growing number of traders from Canada and around the globe.

C$ 150,00

Open account