FP Markets Review
FP Markets is a respected broker providing excellent trading tools. FP Markets is renowned for extensive tradable goods at tight spreads. It offers exceptional execution and diversification. Cashback refunds can be earned by Mexican traders.
- Louis Schoeman
Updated : June 26, 2024
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawals
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
An interesting journey from its inception in Sydney, Australia, in 2005 to its current position in the global financial arena is revealed by an examination of FP Markets’ history.
FP Markets was issued an Australian Financial Services License by the Australian Securities and Investments Commission (ASIC) at the commencement of the process, indicating the company’s dedication to offering transparent and ethical trading services.
FP Markets has established a strong presence in the trading community and has achieved numerous milestones. The company’s consistent distinction for exceptional client service and transaction execution is one of these.
FP Markets’ unwavering dedication to its clients is evidenced by its five-year streak of receiving “The Highest Overall Client Satisfaction Award.”
FP Markets has been awarded the title of “Best Global Forex Value Broker” at the Global Forex Awards annually from 2019 to 2022 in recognition of its competitive spreads and value offer.
The broker provides Mexican traders with many opportunities to diversify their portfolios due to its vast assortment of tradable products, surpassing 10,000 units across various asset classes.
FP Markets is an enticing option for Mexican traders of all levels, as it offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and Iress, as well as fast execution and small spreads.
Does FP Markets offer customer support?
Yes, FP Markets provides customer support services via phone, email, and live chat, offering assistance to traders in multiple languages.
Does FP Markets adhere to any regulatory restrictions?
Yes, FP Markets adheres to the rules of regulatory entities ASIC and CySEC.
At a Glance
| 🗓 Established Year | 2005 |
| ⚖️ Regulation and Licenses | ASIC, CySEC, FSCA, FSA, FSC |
| 🪪 Ease of Use Rating | 4/5 |
| 🚀 Bonuses | No |
| ⏰ 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 | 1,200 MXN (AU$100) |
| 🛑 Inactivity Fee | None |
| 📞 Website Languages | English, Arabic, German, Portuguese, Indonesian, 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 | Open Account |
Regulation and Safety of Funds
Mexico‘s National Banking and Securities Commission (CNBV) and Banco de México (Banxico) do not regulate FP Markets. However, FP Markets is globally regulated as listed in the table below:
Global Regulations
| ⚖️ Registered Entity | 🏦 Country of Registration | 🪪 Company Reg. | ✅ 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 | – | FSC | 3 | GB21026264 |
| First Prudential Markets Limited | Seychelles | – | FSA | 3 | SD130 |
Protection of Client Funds
| 🚫 Security Measure | 🪪 Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes |
| Compensation Amount | 20,000 EUR (Only European clients are eligible) |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Do any financial authorities regulate FP Markets?
Yes, FP Markets is regulated by reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
Is my money safe with FP Markets?
Yes, client funds with FP Markets are held in segregated accounts with top-tier banks and are protected by stringent regulatory requirements, ensuring the safety and security of traders’ funds.
Awards and Recognition
According to their website, FP Markets has most recently received the following awards:
FAME Awards 2023: Best CFD Broker in Africa.
Fintech’s top categories APAC 2023: Winner of Best Trade Execution and Most Transparent Broker.
Global Forex Awards 2023: Best Value Broker – Global for the fifth time, and Best Broker – Europe and Best Partners Program – Asia for the second year.
FxScouts: The Best Forex Trading Tools 2023
AvaTrade Account Types and Features
To underscore the platform’s continually competitive trading conditions and benefits for Mexicans, FP Markets provides two primary account types: Standard and Raw and Islamic versions of both.
FP Markets, a respected ECN broker, ensures Mexicans receive prompt trade execution through their accounts. Examine the capabilities of these accounts and the potential outcomes for Mexican traders that employ them for online transactions.
| Standard | Raw | Islamic Standard | Islamic Raw | |
| ✔️ Availability | All Traders; ideal for beginners and casual traders | All traders; ideal for scalpers and algorithmic traders | Muslim traders; ideal for beginners and casual traders | Muslim traders’ ideal for scalpers and algorithmic traders |
| 💵 Markets | All | All | All | All |
| 💰 Commissions | None | US$3 per side | None | US$3 per side |
| 💻 Platforms | All | All | All | All |
| 🔨 Trade Size | From 0.01 lots | From 0.01 lots | From 0.01 lots | From 0.01 lots |
| 📊 Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| 💸 Minimum Deposit | 1,200 MXN (AU$100) | 1,200 MXN (AU$100) | 1,200 MXN (AU$100) | 1,200 MXN (AU$100) |
| 👉 Open an account | Open Account | Open Account | Open Account | Open Account |
Demo Account
FP Markets offers a demo account with a virtual balance of $100,000, which provides ample opportunity to experiment with various trading techniques and acquire a deeper understanding of the market.
We discovered that the 30-day demo account validity of FP Markets is adequate for assessing the platform’s features and operation. This substantial virtual fund allows you to experiment with various trading strategies without risking your money.
Per our observations, traders can investigate a diverse array of tradable markets, including indices, commodities, precious metals, cryptocurrencies, FX, and stock CFDs, by accessing the demo account. This allows them to replicate the operation of a live account. Furthermore, the trial account enables users to evaluate automated trading strategies in genuine market conditions.
Standard Account
If Mexican traders want a more uncomplicated or beginner-friendly approach to Forex trading, they can consider the Standard Account provided by FP Markets.
This account eliminates the need to consider commissions, allowing you to concentrate on trading. Additionally, the spreads are competitive, with starting rates of only one pip on prominent currency pairs like EUR/USD.
This account is accessible to traders apprehensive to make a substantial first deposit, as it may be started with a minimum of 1,200 MXN (AU$100). Additionally, FP Markets permits leverage of up to 1:500, which will provide you with increased trading flexibility.
Raw Account
FP Markets’ Raw Account is an exceptional option for Mexican traders seeking market prices and low spreads.
It is appropriate for high-volume traders and scalpers, as it offers raw spreads as low as 0.0 pips. Furthermore, you can use leverage of up to 1:500, and pay a minimum deposit of 1,200 MXN (AU$100) to start trading.
Islamic Standard Account
FP Markets provides the Islamic Standard Account to Mexican traders who adhere to Sharia law. In compliance with Islamic financing norms, it imposes an administrative fee instead of a swap or interest on overnight assets.
No commission fees are associated with this account, and the spreads commence at 1 pip. The Standard Account’s minimum deposit and leverage choices have remained unchanged to guarantee that Islamic traders enjoy equal chances without compromising their values.
Islamic Raw Account
FP Markets offers an Islamic Raw Account, a swap-free variant of the Raw Account, for Mexican traders who adhere to Sharia law.
It substitutes exchange expenses with a predetermined administrative cost. Aggressive traders can substantially decrease their trading expenses by utilizing raw spreads as low as 0.0 pips. Additionally, there is a $3 per lot commission fee, a minimum deposit of 1,200 MXN (100), and leverage of up to 1:500.
Professional Account
FP Markets offers a Professional account for experienced traders interested in advanced trading.
We believe it provides a more comprehensive trading experience with new features and increased leverage. Nevertheless, Mexican traders must satisfy the criteria, including passing the Wealth Test and the Experienced Trader Test.
To complete the Wealth Test, a competent accountant must verify the applicant’s net worth of 2.5 million AUD or annual gross income of 250,000 AUD for the previous two fiscal years.
Passing the Experienced Trader Test appears to necessitate a strong trading record and an online evaluation of one’s trading capabilities.
However, Mexican traders must be conscious that the Professional account is associated with a greater risk of substantial losses, which requires a comprehensive comprehension of risk management and leverage.
Overall, a Professional account is an appealing option for traders seeking a dynamic trading environment due to the ECN rebate, STP services of FP Markets, and expanded features.
Can I access my FP Markets account on mobile devices?
Yes, FP Markets offers mobile trading apps compatible with both iOS and Android devices, allowing traders to access their accounts and trade on the go.
Does FP Markets offer demo accounts for practice trading?
Yes, FP Markets provides demo accounts with virtual funds, allowing traders to practice trading strategies and familiarize themselves with the platform risk-free.
FP Markets Account Registration
FP Markets has one of the most straightforward account registration and trading processes. How you can do it:
Step 1 – Click on the Start Trading button.
We began by visiting the FP Markets official website and clicking on the ‘Start Trading’ banner on the homepage.
Step 2 – Complete the form.
The registration form loaded and based on our previous evaluation of the different account types, we decided on registering a Standard Account, aligned with our trading objectives and overall experience in the financial markets. The form required personal information, contact info, trading experience, and a few other sections. From our experience, we knew that providing accurate information was crucial to smooth account verification through KYC.
Step 3 – Select a base currency.
We could choose AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, and SGD as the base currency for the account. We also noted that because MXN was not a listed base currency, currency conversion fees would apply to deposits and withdrawals later.
FP Markets vs. BDSwiss vs. AvaTrade – Broker Comparison
| FP Markets | BDSwiss | AvaTrade | |
| ⚖️ Regulation | CySEC, FSCA, ASIC, FSC, FSA | CySEC, FSC, BaFIN, FSA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📱Trading Platform | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💰 Withdrawal Fee | Yes | No | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Min Deposit | 1,200 MXN (AU$100) | 170 MXN ($10) | 1,700 MXN ($100) |
| 📈 Leverage | 1:500 | Up to 1:1000 | 1:30 (Retail 1:400 (Pro) |
| 📊 Spread | 0.0 pips | From 0.0 pips | Fixed, from 0.9 pips |
| 💰 Commissions | From US$3 | From $2 | None; only the spread is charged |
| ✴️ Margin Call/Stop-Out | 100%/50% | 50%/20% | 25% – 50% (M) 10% (S/O) |
| ✴️ Order Execution | Market | Instant/Market | Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account | Cent Account Classic Account VIP Account Zero Spread Account | Standard Live Account Professional Account |
| ⚖️ SFC Regulation | No | No | No |
| 💳 MXN Deposits | Yes | Yes | No |
| 📊 MXN Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 4 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 pips | 0.01 lots |
| 📈 Maximum Trade Size | 50 lots | 50 lots | Unlimited |
| 💸 Minimum Withdrawal Time | Instant | Instant | 24 to 48 Hours |
| 💰Maximum Estimated Withdrawal Time | Up to 10 working days | Within 24 hours | Up to 10 days |
| 📞 Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
| 🎉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms
We were thrilled to see that FP Markets offers support for MetaTrader 4, 5, and cTrader, in addition to an Android/iOS app and IRESS. Continue reading to learn about the findings we made when evaluating these platforms with FP Markets demo accounts.
MetaTrader 4
The flawless integration of FP Markets’ beneficial trading conditions was shown in our study of the MetaTrader 4 (MT4) platform by FP Markets.
The platform’s user-friendly design is appropriate for traders of all skill levels in Mexico. In the current fast-paced market, it is imperative to have the ability to process transactions quickly, and MT4 possesses this capability.
We preferred MT4’s powerful charting tools, comprehensive technical analysis indicators, and exceptionally narrow spreads offered by FP Markets (which commence at 0 pips for Raw accounts).
A distinctive element of MT4 at FP Markets is the Depth of Market (DOM), which enhances transparency by displaying real-time data on market depth.
This tool proved exceedingly advantageous in assessing market liquidity at various price points, enabling traders to execute more accurately estimated transactions. The trading environment of Mexican traders can be customized using the platform’s configurable features.
MetaTrader 5
The MetaTrader 5 (MT5) platform from FP Markets offers an even more superior trading environment than its predecessor.
The technical indicator range and prolonged timeframe of MT5 are advantageous for conducting intricate market investigations. We appreciate the economic calendar since it enables traders to monitor significant economic developments without switching between applications.
The increasing number of order types simplifies managing trade entries and exits. The platform’s market execution and Level II pricing facilitate more transparent and expedited transactions.
cTrader
The cTrader platform from FP Markets is distinguished by its user-friendly interface and clean design.
The analytical depth provided by extracting charts and showing them on multiple monitors is something that Mexican traders appreciate, especially those with diversified portfolios.
cTrader is the winner due to FP Markets’ robust infrastructure and speedy trade execution, although others provide algorithmic trading. This reduces slippage and enhances the efficiency of automatic transactions.
FP Markets App
The FP Markets application streamlines trading without compromising functionality. The simplistic, uncomplicated design is user-friendly, even on small screens. The app enables you to execute trades and receive quotes with only a few clicks, allowing you to respond to market movements while on the road.
Mexican traders enjoy a mobile trading experience comparable to a desktop due to FP Markets’ real-time market data and rapid execution rates.
The software’s exceptional charting capabilities are our preferred feature, allowing users to conduct technical analysis from any location.
IRESS
We found the IRESS platform of FP Markets to be a complicated trading environment. IRESS is distinguished by its market depth and real-time pricing information, which facilitate the making of educated judgments.
The platform’s adaptability allows Mexican traders to customize the layout and features to suit their trading style, which is advantageous for market analysis.
Our research shows that the platform facilitates the execution of conditional orders and other advanced order types, hence improving the automation and administration of trading. IRESS’s direct market access and open fee structure illustrate FP Markets’ transparency in trading.
For Mexican traders who trade stocks, CFDs, and other assets, IRESS is an exceptional choice due to its low price, quick execution times, and extensive feature set.
What trading platforms are available with FP Markets?
FP Markets provides access to popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the IRESS platform, offering flexibility and advanced trading tools.
What is the minimum deposit required to open an account with FP Markets?
The minimum deposit required to open an account with FP Markets varies depending on the type of account chosen, starting from AU$100 for the Standard Account and $500 for the Raw Account.
Range of Markets
We researched FP Markets‘ instruments and asset classes on the website to provide Mexican traders with the following summary.
| 📌 Instrument | 📑 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex currency pairs | 70+ | 1:500 |
| Indice CFDs | 15 | 1:200 |
| Metal CFDs | 15 | 1:200 |
| Energy CFDs | 3 | 1:100 |
| Soft CFDs | 5 | 1:200 |
| Bond CFDs | 2 | 1:50 |
| Stock CFDs | 10000+ | 1:200 |
| ETF CFDs | 500+ | 1:200 |
| Cryptocurrencies | 12 | 1:2 |
Overall Rating
- 4.9/5
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Leverage and Margin
Our results suggest that FP Markets’ leverage and margin policies are designed to accommodate both novice and seasoned traders.
FP Markets, a reputed broker, offers a leverage of 1:500 on main pairings. This high leverage ratio enables traders to trade substantial positions without requiring a significant investment.
Our comprehensive analysis indicates that Mexican traders should comprehend the limitations of leverage and margin before trading on FP Markets.
We reviewed the FP Markets Client Agreement and found that broker margin requirements are associated with leverage.
FP Markets’ platforms feature explicit margin requirements for diverse financial products, enabling Mexican traders to make more informed decisions and effectively manage their capital.
We found that forex trading requires a margin to open and sustain a position. For instance, a leverage ratio of 1:100 would require a margin of 1% of the trade value.
Leverage is a valuable instrument; nevertheless, traders should know that excessive leverage raises both profit potential and losses. FP Markets suggests using risk management instruments, including stop-loss orders, to mitigate exposure.
Additionally, we were delighted to learn that FP Markets offers negative balance protection, which safeguards traders from incurring additional losses in volatile markets.
FP Markets prioritizes risk management, well-planned strategies, and risk/reward ratios while preserving adaptability.
What leverage options are available with FP Markets?
FP Markets provides flexible leverage options up to 1:500 for forex trading, enabling traders to amplify their trading positions with a smaller initial investment.
What are the margin requirements for trading with FP Markets?
Margin requirements with FP Markets vary depending on the trading instrument and the leverage chosen, typically ranging from 0.25% to 1%.
FP Markets Spreads and Fees
We discovered that FP Markets’ trading and non-trading costs were competitive. The following sections provide information about the trading fees of FP Markets that is relevant to Mexican citizens.
Spreads
As per our analysis, FP Markets’ tight spreads might be advantageous to Mexican traders. The raw account spreads for popular currency pairings, such as EUR/USD, commence at 0.0 pips and average at 0.09.
This starkly contrasts the Standard account, which has an average currency pair spread of 1.19 pips.
Commissions
FP Markets commissions are contingent upon your account type. US$3 is charged per side for MT4/5 Raw Account, totaling $6 per transaction. This rate is competitive, particularly in light of the account’s modest spreads.
Our investigation indicates that the Islamic Raw Account employs an equivalent commission structure. The Mexican traders can afford these fees due to the rapid transaction execution and minimal spreads.
Overnight Fees
We found that most FX and CFD firms impose overnight fees. Typically, these costs are assessed when traders maintain positions overnight. The overnight charges of FP Markets are contingent upon the financial instrument and position (long or short).
It is stated on the FP Markets website that these expenses are determined by adding a markup to bank interest rates. The cost of overnight holdings in critical forex pairings is contingent upon the interest rate gap between currencies.
FP Markets waives overnight costs for the first 10 nights for Islamic accounts, and after that, charges apply.
Deposit and Withdrawal Fees
FP Markets do not charge deposit fees. Nevertheless, there might be a fee associated with certain withdrawal options. International bank wire withdrawals are typically charged a fee of AU$10, while online Pay and Ngan Luong impose additional fees.
Additionally, FP Markets reimburses third-party foreign bank transfer expenses of up to $50 for deposits exceeding $10,000. FP Markets’ website might not always disclose these fees because banks impose third-party costs. Mexicans should verify these.
Inactivity Fees
Our analysis indicates that FP Markets does not impose inactivity fees on dormant accounts. This is beneficial for Mexican traders who engage in occasional trading or cease trading altogether.
Currency Conversion Fees
FP Markets does not reveal these expenses. However, online traders commonly impose a nominal fee for currency conversions. Currency conversion fees are payable by Mexican traders who deposit or withdraw funds in a currency other than their account base.
Does FP Markets charge any withdrawal fees?
Yes, withdrawal fees apply on certain payment methods.
What is the spread for currency pairs on the FP Markets Standard account and the Raw Account?
The spreads differ: The average spread for EUR/USD with the Raw Account is 0.09 pips, but 1.19 pips with the Standard Account.
FP Markets Deposits and Withdrawals
FP Markets’ multi-currency support and deposit and withdrawal choices impressed us. FP Markets expedites executing these transactions to ensure traders receive their funds promptly.
The problem is that MXN is only accepted on one or two lesser-known e-wallets, restricting Mexican traders’ deposit and withdrawal choices. Consider the methods that are at your disposal.
📚 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 Nigeria 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 South Africa BRL, CLP, COP, PEN, MXN, USD Instant – 1 day
Cryptocurrencies All ADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP Instant – 1 day
Deposits
How to Deposit using Bank Wire Step by Step
Visit FP Markets Client Area.
Choose “Deposit” from “Funding.”
Select “Bank Transfer” from the mode list.
Decide currency and deposit amount.
Transfer money from your account using FP Markets’ instructions.
Refer to your FP Markets account number to guarantee accurate fund allocation.
How to Deposit using Credit or Debit Card Step by Step
Visit FP Markets Client Area.
Select “Funding” and “Deposit.”
Use “Credit/Debit Card” to deposit.
Enter deposit and card info.
Your account should be credited with the deposit soon after confirmation.
How to Deposit using Cryptocurrency Step by Step
Enter the FP Markets Client Area.
From “Funding,” choose “Deposit.”
Select your coin to deposit.
FP Markets provides transfer addresses.
Send crypto to this address from your wallet.
How to Deposit using e-Wallets or Payment Gateways Step by Step
Visit FP Markets Client Area.
Select “Funding” then “Deposit” to deposit.
Select your payment gateway or e-wallet.
Include all pertinent details, including the deposit.
Submit the transaction.
Withdrawals
How to Withdraw using Bank Wire Step by Step
Visit FP Markets Client Area.
Select “Withdraw” from “Funding”.
Choose “Bank Wire” and input your withdrawal amount.
Account numbers and SWIFT or BIC codes should be in your banking information.
Submit request.
How to Withdraw using Credit or Debit Cards Step by Step
Visit FP Markets Client Area.
Choose “Withdraw” from “Funding”.
Withdraw cash with a “Credit/Debit Card”.
Enter the withdrawal amount.
Submit the withdrawal request.
How to Withdraw using Cryptocurrency Step by Step
Enter the FP Markets Client Area.
Choose “Withdraw” from “Funding” next.
Select your withdrawal coin.
Enter the cryptocurrency wallet address and withdraw the amount.
Send the request.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
Visit FP Markets Client Area.
Choose “Funding” and “Withdraw.”
Select your payment gateway or e-wallet.
Enter your e-wallet and withdrawal amount.
Send your withdrawal request to FP Markets.
Can Mexican traders fund their accounts at FP Markets with MXN?
Yes, if they use Rapyd or Pagsmile as a payment method, they can deposit in MXN.
How will I know where to put crypto deposits to FP Markets?
FP Markets gives you a transfer address when you deposit.
Education and Research
While browsing FP Markets, we discovered several instructional tools, resources, and information that met our needs and will do the same for Mexican traders.
| 📅 Economic Calendar | Yes |
| 🧮 Forex Calculator | Yes |
| 📍 VPS | Not specified |
| 🗩 FAQ | Yes |
| 📊 AutoChartist | Yes |
| 📶 Trading View | Not specified |
| 📡 Trading Central | Not specified |
| 🌐 Market Analysis | Yes |
| 📰 News Feed | Yes |
| 💻 Blog | Yes |
| 📚 eBooks | Yes |
| 📱 Educational Videos | Yes |
How will I hear about critical events affecting my FP Markets trading gains or losses?
Watch FP Markets‘ Economic Calendar to know what events could affect your trading.
What educational resources are available with FP Markets?
FP Markets offers a range of educational resources, including trading guides, webinars, tutorials, and market analysis to help traders improve their trading skills and knowledge.
Bonuses and Promotions
Mexican traders do not have access to any reward contests, trading incentives, or welcome offers with FP Markets, but they can join affiliates and receive a large forex rebate for referring new users.
The program’s main features are the $200 CPA commission and $1.25 lot trade refund. Mexican affiliates can easily track performance and refunds via a specialized platform.
The program’s guaranteed fast commission payouts, which increase customer trading activity, benefit Introducing Brokers (IBs) the most. The program gives affiliates marketing options to acquire new customers.
Will I get some bonus when I sign up with FP Markets?
No, FP Markets does not pay any bonus to beginners.
Is being an FP Markets IB worth the effort?
Yes, it can be profitable because you get a commission when new clients sign up and deposit funds.
Affiliate Programs
Features
FP Markets affiliates in Mexico can expect a variety of promotional tools. The following are the program’s main features:
Mexican affiliates can customize banners, links, and promotional content for numerous platforms and audiences. FP Markets’ marketing and customer acquisition depend on these methods.
Referred Mexican clients’ trading conduct determines profitable commission schemes.
Mexican affiliates receive real-time referral tracking data from FP Markets. Affiliates can evaluate their effectiveness and improve their marketing with this capability.
Mexican affiliates receive expert help to address challenges, increase marketing, and maximize program performance.
FP Markets’ flexible affiliate program lets Mexican affiliates market to Mexican audiences. Affiliates can choose the best social media, blogging, email, and digital marketing strategies.
How to Register an Affiliate Account with FP Markets Step-by-Step
Step 1 – Click on the Affiliate link.
Visit the official FP Markets website. It provides detailed information and a link to join the affiliate program.
Step 2 – Choose the sign-up button.
Find detailed information on FP Markets’ collaboration initiatives, including the affiliate program. Choose ‘Affiliate’. This will send you to an affiliate program signup page.
Step 3 – Fill out the form.
Clicking the banner to sign up loads an application form. Enter accurate information in the essential fields. This normally comprises your name, email address, country of residence and cell phone number. The form may also ask about your FP Markets promotion method (website, social media, email marketing). Read and accept the affiliate program’s terms before applying. Submit your application for consideration after completing all required fields and agreeing to the guidelines.
How to become an FP Markets affiliate?
Follow the affiliate registration instructions on the FP Markets homepage’s “partners” section.
What is required to join FP Markets as an affiliate?
You need social media or a marketing tool to market the broker to potential clients.
Customer Support
| Customer Support | FP Markets Customer Support |
| ⏰ Operating Hours | 24/7 |
| 🗣 Support Languages | Multilingual |
| 👥 Live Chat | Yes |
| 📱 Email Address | Yes |
| 📞 Telephonic Support | Yes |
| ✅ The 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 |
Can I contact FP Markets from any country?
Yes, you can contact FP Markets from anywhere.
Does FP Markets have a privacy policy for Mexican traders’ information?
Yes, FP Markets has a Privacy Policy to safeguard Mexican traders.
Social Responsibility
FP Markets does not mention any CSR initiatives or projects on its website.
User Comments and Reviews
“The tightest spread ever, no order manipulation or spills, free analytics!”
“Customer service was kind, helpful, and focused on quality.”
“Their service was unique and individualized. No other brokerage provided such service.”
“FP Markets is one of my favourites and most regulated brokers.”
“Instant deposits and withdrawals make the broker appealing.”
“Everything about FP Markets is professional: platform, software, security, EU compliance, services.”
10 Best Forex Brokers in Mexico
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Broker
Review
Regulators
Min Deposit
Official Site
Conclusion
Due to its extensive selection of offers and favourable trading conditions, FP Markets is a great FX and CFD broker for Mexican traders. This broker is ASIC and CySEC-regulated for fund security and trade integrity.
MetaTrader 4, MetaTrader 5, and IRESS allow Mexican traders to trade FX pairings, indices, commodities, and cryptocurrencies. According to its website, FP Markets offers educational resources and bilingual client support to promote trading.
Though strong, FP Markets can improve their Mexican offer. A lack of local currency accounts and payment options can deter some traders from signing up. Despite FP Markets’ competitive spreads and low commissions, traders must consider withdrawal and currency conversion fees.
Our Insight
Although flawed, FP Markets is a robust and comprehensive trading platform for Mexican traders.
Our Recommendations on FP Markets
We believe that, despite the various benefits of FP Markets, there are areas in which it may be improved. Our review suggests the subsequent enhancements:
To enhance trade trust and security, it is recommended that local regulatory compliance and cooperation be prioritized in more nations.
Funding will be facilitated, including for traders in Mexico, by incorporating deposit and withdrawal procedures that accommodate lesser-known currencies.
FP Markets Pros and Cons
| ✅ Pros | ❌ Cons |
| There is a comprehensive suite of educational materials for Mexican beginners | Data fees can be expensive on the IRESS platform |
| FP Markets’ spreads are razor-thin, starting from 0.0 pips | There might be a steep learning curve for new traders on the IRESS platform |
| Mexicans can register a demo account with FP Markets | FP Markets is not locally regulated in Mexico |
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Frequently Asked Questions
Does FP Markets offer Islamic (swap-free) accounts?
Yes, FP Markets offers Islamic accounts compliant with Sharia law principles, allowing Muslim traders to trade without accruing or paying interest.
Do FP Markets charge any deposit fees?
FP Markets does not charge any deposit fees, but traders should be aware that additional fees may be imposed by their payment providers.
How long do deposits take to reflect in my FP Markets account?
Deposits made via bank wire transfer may take 1-5 business days to reflect in your FP Markets account, while deposits made via other methods are typically processed instantly.
What withdrawal methods are available with FP Markets?
FP Markets offers various withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets, allowing traders to access their funds.
How long does it take to process withdrawals with FP Markets?
Withdrawals with FP Markets are typically processed within 1-3 business days, although the processing time may vary depending on the withdrawal method.
