Is FP Market a True ECN Broker ?

[Leander]

Stumbled across FP Markets recently ,wanted to know if they really are a ECN broker and if they are reliable to trade with?

[Guerrero]

I'm trading with FP Markets and it is a true ECN broker.

[Paul12]

I'm trading with FP Markets for over 6 months now, they are indeed a ECN broker.

Based on my experience they definitely are reliable, I have a Raw account with them and the spreads are pretty tight though the day, withdrawals have been pretty quick as well.

[Laidar]

I don’t know about this broker, but Amarkets really is such a broker

[Günter]

Does FP Markets provide any deposit bonus/commission rebates for new clients?

Any idea if FP Markets' European clients can get higher leverage as CYSEC usually restricts it to 30?

[bearhugs]

FP Markets offers the ability to trade on the MetaTrader 4 and MetaTrader 5 Web Trader platform to trade directly from your browser with access to ECN pricing. The broker also provides access to the Iress ViewPoint, Iress Trader and Iress Investor platforms for Direct Market Access (DMA) trading.

[Doghma]

Until you try it yourself, it seems to me that you are unlikely to recognize it.

[gds221]

I would not advise traders to pay so much attention to licenses. Quite often, these licenses do not particularly affect working conditions.

[RolexFX]

I have been trading with them for 4 months and they are a true ECN broker. The spread is tighter with the best trading conditions.

I Have not faced any issues till now with deposits and withdrawals.

[gds221]

Unfortunately, now many brokers have a license - this is just a word.

[AndrewJ]

Currently trading with FP Markets Raw (ECN) account, the spreads offered starts from low as 0.0 pips in major pairs like EURUSD, GBPUSD etc... and the minimum opening balance is $100 AUD.

I recommend to try and experience their ECN pricing at least once.

[gds221]

In general, asking for reviews on the Internet is not the most reliable option, at least)))

[Francisco]

Looking to open a live trading account with an ECN broker and came across FP Markets. Is it a true ECN broker?

I will be scalping, so how are the spreads in Major pairs like EURUSD, GBPUSD, etc...?

[gds221]

For work, I liked the Amarkets broker more. In my opinion, this option turned out to be more reliable and profitable in terms of work. At least the working conditions are good enough.

[Monaya]

I use ECN with a leverage of 1: 200 and a deposit of $ 200 from the Amarkets broker, and the result suits me perfectly.

[RolexFX]

On 11/26/2020 at 6:34 PM, Francisco said:

Looking to open a live trading account with an ECN broker and came across FP Markets. Is it a true ECN broker?

I will be scalping, so how are the spreads in Major pairs like EURUSD, GBPUSD, etc...?

I'm a scalper currently trading with FP Markets Raw ECN account, their trading conditions are extremely competitive, and they offer some of the lowest spreads starting from 0.0 pips in EURUSD.

[gds221]

In general, licenses are not the most important thing. I worked with the Amarkets broker, they did not have particularly cool licenses, but it was quite profitable to work, which I was pleased with.

[Paul12]

From my experience, I can say it is a true ECN broker because I trade with their raw ecn account that offers lower commission costs with a minimum opening balance of $100 AUD.

[Nazzerith]

From my personal experience with them, I can say they are a true ecn broker with a minimum opening balance of $100 AUD.

The main advantage of using them is their lower spreads starting from 0.0pips with lower slippages and commission costs.

[Vaabum]

I do not think that a broker's license is a very critical factor.

[Günter]

Yes, I have been trading with them for a while now. Their raw ecn spreads are some of the tightest out there (at least in the major pairs- Averages 0 for most part of the day in EURUSD) with minimum slippages and faster execution speed.

[Vaabum]

I believe that sometimes a license is far from an indicator of the reliability of a certain company.

[ThomasFernandez]

Yes, it is a true ecn broker with regulations from ASIC and CYSEC. The spreads are some of the lowest, and their ecn account has a minimum opening balance of $100 AUD.

[Vaabum]

Is there no information about the license on the broker's website?

[FXOpen Trader]

On 10/29/2021 at 10:25 PM, Vaabum said:

Is there no information about the license on the broker's website?

I am doing my Forex Trading with the International Broker FXOpen
They have Low Spreads in Gold and Forex Pairs with USD.