Overall, FP Markets can be summarized as trustworthy and regulated with competitive trading fees. FP Markets offers an easy-to-use social copy trading platform with excellent customer support. FP Markets has a trust score of 87 out of 99.
| 🔑Order Execution | 4/5 |
| 💰Commissions and Fees | 4/5 |
| 💴Range of Markets | 4/5 |
| 📈Variety of Markets | 4/5 |
| ⏰Withdrawal Speed | 4/5 |
| 🤝Customer Support | 4/5 |
| 📉Trading Platform | 4/5 |
| 🎓Education | 5/5 |
| 📖Research | 5/5 |
| 🚨Regulation | 5/5 |
| 📱Mobile Trading | 4/5 |
| 💯Trust Score | 87% |
FP Markets Review – Analysis of Broker’s Main Features
- ☑️ FP Markets Overview
- ☑️ FP Markets Detailed Summary
- ☑️ FP Markets Advantages Over Competitors
- ☑️ Who will Benefit from Trading with FP Markets?
- ☑️ FP Markets Safety and Security
- ☑️ FP Markets Affiliate Program Features
- ☑️ FP Markets Minimum Deposit
- ☑️ FP Markets Account Types and Features
- ☑️ FP Markets Base Account Currencies and Basic Order Types
- ☑️ How to Open and Close an FP Markets Account
- ☑️ FP Markets MAM / PAMM Features
- ☑️ Social Trading with FP Markets
- ☑️ FP Markets Trading Platforms
- ☑️ Which Markets Can You Trade with FP Markets?
- ☑️ FP Markets Fees, Spreads, and Commissions
- ☑️ FP Markets Deposits and Withdrawals
- ☑️ FP Markets Education and Research
- ☑️ FP Markets Customer Support
- ☑️ FP Markets VPS Review
- ☑️ FP Markets Cashback Rebates Features and Conditions
- ☑️ FP Markets Web Traffic Report
- ☑️ FP Markets Geographic Reach and Limitations
- ☑️ Best Countries by Traders
- ☑️ FP Markets vs IC Markets vs Octa – A Comparison
- ☑️ FP Markets Alternatives
- ☑️ FP Markets Awards and Recognition
- ☑️ Our Experience with FP Markets
- ☑️ Recommendations according to our in-depth review of FP Markets
- ☑️ FP Markets Customer Reviews
- ☑️ Pros and Cons of Trading with FP Markets
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
FP Markets Overview
FP Markets is a compelling brokerage solution for Malaysian traders, providing a full array of trading tools and information tailored exclusively to the requirements and preferences of Malaysian traders.
This broker distinguishes itself by offering a variety of accounts, including MT4/5 Standard, Raw, and Islamic variations, and assuring Sharia compliance, which is critical for Malaysia’s Muslim population.
FP Markets is particularly known for its strong regulatory system, which includes licenses from the Australian Securities and Investments Commission (ASIC), ensuring a trustworthy and secure trading environment for Malaysian traders.
The breadth of accessible markets, including forex, commodities, and indices, along with cheap spreads and leverage of up to 1:500, complements Malaysian investors’ diversified trading methods and risk profiles.
The broker’s technology infrastructure is outstanding, with a reliable VPS server to enable flawless automated trading, which is critical for traders using Expert Advisors.
Furthermore, FP Markets’ support of local groups such as the ASM Academy demonstrates its commitment to the Malaysian market by generating goodwill and promoting its brand among the local community.
This, along with full customer service, albeit not locally based, provides a bilingual and responsive help structure, a valuable tool for Malaysian traders navigating global financial markets.
FP Markets‘ broad deposit and withdrawal options, which include local bank transfers and e-wallets, give Malaysians easy and speedy transaction ways, improving their entire trading experience.
FP Markets Detailed Summary
| 🔑Broker | 🥇FP Markets |
| 🏠Headquartered | Australia |
| 🌎Global Offices | Saint Vincent and the Grenadines, Australia |
| 📍Local Market Regulators in Malaysia | Securities Commission of Malaysia (SCM) |
| ➡️Foreign Direct Investment in Malaysia | 15.11 billion USD (2022) |
| 💱Foreign Exchange Reserves in Malaysia | 103.4 billion USD (July 2023) |
| 📌Local office in Kuala Lumpur | None |
| 👤Governor of SEC in Malaysia | Shaik Abdul Rasheed Abdul Ghaffour is the Governor of the Central Bank of Malaysia |
| ✔️Accepts Malaysia Traders | ✅Yes |
| 🎉Year Founded | 2005 |
| ☎️Malaysia Office Contact Number | None |
| 📱Social Media Platforms | Facebook X YouTube Telegram |
| 🚨Regulation | ASIC, CySEC, FSCA, FSA, FSC |
| 🥇Tier-1 Licenses | Australian Securities and Investments Commission (ASIC) |
| 🥈Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Services Conduct Authority (FSCA) |
| 🥉Tier-3 Licenses | Financial Services Authority (FSA) Financial Services Commission (FSC) |
| 🔢License Number | Australia – ABN 16112600281 Cyprus – 371/18 Malaysia – FSP 50926 Seychelles – SD130 Mauritius – GB21026264 |
| 🚨SCM Regulation | ✅Yes |
| ⚠️Regional Restrictions | United States, Japan, New Zealand |
| ☪️Islamic Account | ✅Yes |
| 🆓Demo Account | ✅Yes |
| 🚩Non-expiring Demo | ✅Yes, if the demo account remains active |
| ⏰Demo Duration | 30 days if it becomes inactive |
| 💍Retail Investor Accounts | 4 |
| 💹PAMM Accounts | ✅Yes |
| 💧Liquidity Providers | Barclays, BNP Paribas, Commerzbank, Credit Suisse, Goldman Sachs |
| 👥Affiliate Program | ✅Yes |
| 📒Order Execution | Market |
| 📝OCO Orders | None |
| ▶️One-Click Trading | ✅Yes |
| 📈Scalping | ✅Yes |
| 🧱Hedging | ✅Yes |
| 🎓Expert Advisors | ✅Yes |
| 🗞️News Trading | ✅Yes |
| 📉Trading API | None |
| 📊Starting spread | 0.0 pips |
| 💰Minimum Commission per Trade | US$3 per side |
| 💵Decimal Pricing | 5th Decimal after the comma |
| ✳️Margin Call | 100% |
| ⛔Stop-Out | 50% |
| ⬇️Minimum Trade Size | 0.01 lots |
| ⬆️Maximum Trade Size | 50 lots |
| 🪙Crypto trading offered | ✅Yes |
| 🖋️Offers an MYR Account | None |
| 👤Dedicated Malaysia Account Manager | None |
| 📈Maximum Leverage | 1:500 |
| ⚠️Leverage Restrictions for Malaysia | None |
| 💶Minimum Deposit (MYR) | 300 MYR (AU$100) |
| Deposit Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED, INR, BRL, MYR, IDR, VND, KES, UGX, TSH, PHP, DKK, SEK, HUF, NOK, ZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZS, LAK, VND |
| 💷MYR Deposits Allowed | ✅Yes |
| Account Base Currency | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, SGD |
| 💴Active Malaysia Trader Stats | 4 million+ |
| 📌Active Malaysian-based FP Markets customers | Unknown |
| 🔃Malaysia Daily Forex Turnover | 15 billion USD (Average for August 2023) |
| 🔎Deposit Options | Credit/Debit Card Bank Transfer Neteller Skrill Asia Banks SticPay FasaPay Virtual Pay Rupee Payments Rapyd Perfect Money Pagsmile Cryptocurrencies Dragonpay Rapid Transfer Crypto Payments (Finrax) Mybux XPAY Apple Pay Google Pay PaymentRush B2Binpay Thuderxpay Plusdebit / Online Banking FP Markets P2P Plusdebit/ QR Code Plusdebit / MOMO QR Code PaymentAsia (QRIS and e-Wallets) Coinspaid Broker to Broker |
| 🔍Withdrawal Options | Debit/Credit Card Domestic Bank Wire International Bank Wire Neteller Skrill Fasapay Asia Banks Dragonpay Perfect Money Cryptocurrency Solution (LetKnowPay) Finrax Payments Sticpay Rupee Payments Rapid Transfer Virtual Pay XPAY Pagsmile Pay Retailers Bank Transfer Crypto Payments Local Bank Transfer (QR Code) Online Banking |
| ⏱️Minimum Withdrawal Time | Instant |
| ⌚Maximum Estimated Withdrawal Time | Up to 10 working days |
| 💳Instant Deposits and Instant Withdrawals | ✅Yes |
| ↘️Segregated Accounts with Malaysian Banks | None |
| 💻Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS cTrader FP Markets App |
| ⏲️Trading Platform Time | GMT +02:00 |
| 👁️Observe DST Change | None |
| 🌐DST Change Time zone | Eastern Standard Time (EST) |
| 💎Tradable Assets | Forex Shares Metals Commodities Indices Cryptocurrencies Bonds ETFs |
| 💵Offers USD/MYR currency pair | None |
| 💹USD/MYR Average Spread | None |
| 📊Offers Malaysian Stocks and CFDs | None |
| 🌎Languages supported on the Website | English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, Russian |
| 🔊Customer Support Languages | Multilingual |
| 🤝Copy Trading Support | ✅Yes |
| ⏰Customer Service Hours | 24/7 |
| 🏠Malaysian-based customer support | None |
| 💰Bonuses and Promotions for Malaysia Traders | None |
| 🎓Education for Malaysian beginners | ✅Yes |
| 🖥️Proprietary trading software | ✅Yes |
| 🏆Most Successful Trader in Malaysia | Rayn Lim (Net Worth is private) |
| 👍Is FP Markets a safe broker for Malaysian Traders | ✅Yes |
| 🎖️Rating for FP Markets Malaysia | 9/10 |
| 💯Trust score for FP Markets Malaysia | 87% |
FP Markets Advantages Over Competitors
FP Markets has the following advantages over competitors:
- ✅FP Markets‘ cheap spreads and fee structure enables cost-effective trading, which may dramatically increase profit margins for Malaysian traders.
- ✅Malaysian traders benefit from FP Markets‘ diverse deposit and withdrawal methods, which include local banking choices, making fund management more convenient.
- ✅The Virtual Private Server (VPS) service caters to Malaysian traders interested in automated trading by providing a steady and fast connection for running Expert Advisors around the clock.
- ✅FP Markets’ Malaysian customers can access extensive instructional materials and customer assistance in many languages, ensuring a helpful trading environment for beginners and seasoned traders.
- ✅FP Markets offers a comprehensive choice of tradable assets, allowing Malaysian traders to trade currency pairs, commodities, indices, and cryptocurrencies.
- ✅The broker’s modern trading platforms, including MetaTrader 4 and 5, are loaded with powerful analytical tools to help Malaysian traders execute educated transactions.
- ✅FP Markets offers a wide range of trading accounts, including Islamic accounts that follow Sharia rules, to meet the financial ethics of Malaysian traders.
- ✅Malaysian investors may optimize their trading potential by using leverage of up to 1:500, especially for experienced traders wishing to increase their market exposure.
- ✅The broker’s regulatory compliance, overseen by tier-1 agencies such as ASIC, provides Malaysian traders with a safe and trustworthy environment to conduct their trading operations.
and many more!
Who will Benefit from Trading with FP Markets?
- ✅Investors Concerned about Security: Traders who value regulatory compliance and fund security will enjoy FP Markets’ commitment to top-tier rules, which provides peace of mind about protecting their cash.
- ✅Educationally Driven Novices: Beginners eager to learn the ropes of trading will profit from FP Markets’ vast instructional resources and demo accounts. These tools may provide a solid basis for developing trading knowledge and abilities in a risk-free environment.
- ✅Algorithmic and EA Traders: FP Markets’ VPS service is suitable for traders who use automated trading systems, namely Expert Advisors. Their VPS’s reliability and low-latency connection may give a substantial competitive advantage by ensuring that plans are carried out uninterrupted.
- ✅Traders Seeking Diversification: With a diverse selection of financial instruments accessible, such as FX, commodities, indices, and cryptocurrencies, FP Markets is ideal for traders wishing to diversify their portfolios across many asset classes.
- ✅Active Day Traders and Scalpers: The broker’s narrow spreads and fast execution speeds appeal to active traders, such as day traders and scalpers, who need quick and dependable order execution to profit on modest price swings.
- ✅Referral and Affiliate Marketers: FP Markets’ affiliate networks provide extra earning opportunities via referrals for those with a network of traders. This is especially useful for influencers or financial instructors with a Malaysian audience.
- ✅Muslim Traders: The provision of Sharia-compliant Islamic accounts distinguishes FP Markets as a top choice for Muslim traders who must adhere to Islamic financial standards. These accounts guarantee that no interest is generated or paid per religious principles.
- ✅Experienced Forex Traders: With a leverage of up to 1:500, seasoned traders seeking to leverage their positions will find FP Markets quite accommodating. This high leverage ratio may be valuable for individuals who understand risk management.
What educational resources does FP Markets provide over competitors?
FP Markets provides various instructional products, including eBooks and video lessons, all suited to different skill levels.
How does FP Markets’ reputation compare to other brokers?
FP Markets has a great reputation in the industry, as shown by various accolades and recognitions, distinguishing it from its rivals.
FP Markets Safety and Security
FP Markets Regulation in Malaysia
FP Markets is not currently regulated by the Securities Commission of Malaysia (SCM). However, FP Markets’ global regulations are listed in the table below:
| 🔑Registered Entity | 🌎Country of Registration | 🔢Registration Number | 🚨Regulatory Entity | 🥇Tier | 🖋️License Number/Ref |
| 1️⃣First Prudential Markets Pty Ltd | Australia | ABN 16112600281 | ASIC | 1 | AFSL 286354 |
| 2️⃣First Prudential Markets Ltd | Cyprus | HE372179 | CySEC | 2 | 371/18 |
| 3️⃣FP Markets (PTY) LTD | Malaysia | 2018/097037/07 | FSCA | 2 | FSP 50926 |
| 4️⃣FP Markets LTD | Mauritius | N/A | FSC | 3 | GB21026264 |
| 5️⃣First Prudential Markets Limited | Seychelles | N/A | FSA | 3 | SD130 |
FP Markets 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 | None |
Security while Trading
FP Markets upholds an unwavering dedication to security by implementing a range of protective measures aimed at establishing a secure trading platform for traders from Malaysia.
A key feature of this approach includes the brokerage’s adherence to multiple high-caliber regulatory bodies, such as the Australian Securities and Investments Commission (ASIC), renowned for its rigorous financial standards and comprehensive investor protection protocols.
FP Markets protects customer assets by using segregated accounts, which benefits traders directly. This implies that customers’ money is kept separate from the company’s operational funds per regulatory standards, and the broker cannot use them for any other reason. This segmentation provides extra protection by protecting traders’ funds in the unusual event that the broker has financial problems.
Furthermore, FP Markets is a member of a compensation fund, which provides a financial safety net to qualifying customers. While this particularly serves European customers, the availability of such a tool reflects the general trader protection culture of FP Markets. In the digital domain, FP Markets uses superior Secure Socket Layer (SSL) encryption technology on its trading platforms and website.
This encryption protects all communication and data transfer between Malaysian customers’ devices and FP Market’s computers, reducing the danger of illegal access and data breaches. FP Markets offers two-factor authentication (2FA) for account access to enhance individual account security.
This adds extra protection beyond login and password by asking traders to authenticate their identity using a second mechanism, usually a code received to a mobile device, before accessing their accounts. Finally, FP Markets has a clear privacy policy that specifies how customers’ personal and financial information is gathered, handled, and safeguarded.
This openness guarantees that Malaysian traders are well informed about their data protection and strengthens FP Markets’ reputation as a broker that values and protects customer information.
Pros and Cons of Regulation and Safety of Funds
| ✅Pros | ❎Cons |
| FP Markets is multi-regulated | FP Markets is not locally regulated in Malaysia |
| There are several security features on the FP Markets website and platforms that ensure a safe trading environment | FP Markets does not have multiple Tier-1 regulations |
Does FP Markets offer SSL encryption for online transactions?
Yes, FP Markets offers SSL encryption to help safeguard online transactions and protect personal information.
How does FP Markets ensure transparency in its operations?
FP Markets is overseen by many international bodies, assuring high openness and compliance.
FP Markets Affiliate Program Features
Malaysian affiliates joining the FP Markets program may anticipate a complete set of tools to improve their affiliate experience.
One of the most notable benefits is access to a wide selection of marketing tools and resources, such as banners, links, and promotional content adapted to various platforms and audiences. These materials help FP Markets efficiently sell its services and attract new customers.
FP Markets also provides a competitive commission structure to its Malaysian affiliates, allowing for an excellent earning potential depending on referred customers’ trading activity.
This unambiguous structure ensures that affiliates understand how their earnings are computed. The program is also noted for its real-time monitoring and reporting tools, which allow affiliates to monitor their referrals, measure their success, and quickly assess the efficiency of their marketing tactics.
Another notable aspect is the specialized assistance offered to affiliates. FP Markets provides individual service, guaranteeing that Malaysian affiliates can get help and direction whenever needed.
This help is critical for resolving issues, adjusting marketing techniques, and improving affiliate success. Furthermore, FP Markets’ affiliate program is known for its versatility, which allows affiliates to adapt their approach to their specific audience in Malaysia.
Affiliates can choose the most successful methods for their target market, whether they use social media, blogs, email marketing, or other digital platforms.
This flexibility, a wide selection of marketing tools, and a strong support system make FP Markets‘ affiliate program an appealing alternative for Malaysians eager to capitalize on forex market prospects.
How to open an Affiliate Account with FP Markets
To register an Affiliate Account, Malaysian traders can follow these steps:
- ✅Begin by going to the FP Markets’ official website. This is where you will find all the details and a link to join as an affiliate.
- ✅Scroll down the webpage until you reach the ‘Partners’ section. You can find extensive information on FP Markets’ many partnership programs, including the affiliate program.
- ✅Select the ‘Affiliate’ option. This will take you to a new page devoted to the affiliate program, where you can start the registration process.
- ✅You will be prompted with a registration form. Complete the essential fields with correct information. This often contains personal information like your name, email address, country of residence (Malaysia), and cell phone number.
- ✅The form may also ask for other information, such as your chosen means of advertising FP Markets (website, social media, email marketing). Prepare to submit URLs to your promotional channels and a concise strategy for marketing FP Markets.
- ✅Before submitting your application, please read and accept the affiliate program’s terms and conditions. This is an important step in understanding the program’s regulations and your duties as an affiliate.
- ✅Once you have completed all the required information and agreed to the rules, submit your application for evaluation.
Finally, after you have submitted your application, FP Markets will usually evaluate it and react within a few days. Once accepted, you will have access to the FP Markets affiliate site, where you may begin using marketing materials, track your referrals, and track your revenue.
What information is required to register for an FP Markets Affiliate Account?
To open an FP Markets Affiliate Account, you must provide personal information, advertising methods, website URLs, and information about your previous broker experiences.
What happens after I apply for an FP Markets Affiliate Account?
FP Markets will assess your application and, if approved, give you access to their affiliate tools and services.
What types of partnership opportunities does FP Markets offer in its affiliate program?
FP Markets provides a variety of partnership possibilities, including White Label Partnerships, Affiliates, Introducing Brokers, Hybrid, Money Managers, and Regional Partnership.
How does the commission structure work in the FP Markets CPA Affiliate Programme?
The commission structure of FP Markets’ CPA Affiliate Programme is tiered, with variable commission rates depending on the nationality of the referred customers.
FP Markets Minimum Deposit
| 🔑Live Account | 💴Minimum Dep. |
| 🥇Standard | 300 MYR / AU$100 |
| 🥈Raw | 300 MYR / AU$100 |
| 🥉Islamic Standard | 300 MYR / AU$100 |
| 🏅Islamic Raw | 300 MYR / AU$100 |
Can I start trading with FP Markets if I deposit less than the minimum required amount?
No, you must deposit at least 300 MYR (AU$100) to begin trading with FP Markets.
Does FP Markets charge any fees for making the minimum deposit?
No, FP Markets does not impose deposit fees, regardless of the amount.
FP Markets Account Types and Features
| 🔑Live Account | 💵Minimum Dep. | 📈Average Spread | 💰Commissions | 💶Average Trading Cost |
| 🥇Standard | 300 MYR | 1 pip | None | 10 USD |
| 🥈Raw | 300 MYR | 0.0 pips | US$3 per side | 7 USD |
| 🥉Islamic Standard | 300 MYR | 1 pip | None | 10 USD |
| 🏅Islamic Raw | 300 MYR | 0.0 pips | US$3 per side | 7 USD |
FP Markets MT4/5 Standard Account
The Standard Account is a flexible solution for traders seeking an all-inclusive spread with no additional commission costs. This account type is ideal for Malaysian beginning traders who want to keep transaction costs low.
It also appeals to people who often trade in modest amounts or less since it lets them easily control their trading expenditures.
| 🔑Account Feature | ℹ️ Value |
| 💵Minimum Deposit | 300 MYR/ AU$100 |
| 📈Average Spreads | Variable, from 1 pip |
| 💻Instruments Available | 70+ Forex pairs Precious Metals Indices Commodities |
| 📉Maximum Leverage Ratio | 1:500 |
| ➡️Execution Type | ECN |
| 💰Commissions | None |
| 💹Rebates EAs Offered | ✅Yes |
| 📱Mobile App Offered | ✅Yes |
| 🔒VPS Available | ✅Yes |
FP Markets MT4/5 Raw Account
The Raw Account is designed for traders who want narrower spreads while paying a transaction fee. This account type is popular among high-volume traders, scalpers, and those who use automated trading tactics.
Lower spreads may greatly help Malaysian traders who want to cut the cost of trading on the spread and are satisfied with a commission-based model.
| 🔑Account Feature | ℹ️ Value |
| 💴Minimum Deposit | 300 MYR/ AU$100 |
| 📈Average Spreads | Variable, from 0.0 pips |
| 📊Instruments Available | 70+ Forex pairs Precious Metals Indices Commodities |
| 📉Maximum Leverage Ratio | 1:500 |
| 🚩Execution Type | ECN |
| 💰Commissions | US$3 per side |
| 💹Rebates EAs Offered | ✅Yes |
| 📱Mobile App Offered | ✅Yes |
| 🔒VPS Available | ✅Yes |
FP Markets MT4/5 Islamic Standard Account
The Islamic Standard Account provides a solution for traders who need an account that follows Sharia law. This account removes swap costs on overnight holdings per Islamic financial rules that ban the accumulation of interest.
It is a crucial product for Malaysia’s significant Muslim community, guaranteeing that their economic operations do not violate religious principles.
| 🔑Account Feature | ℹ️ Value |
| 💶Minimum Deposit | 300 MYR/ AU$100 |
| 📈Average Spreads | Variable, from 1 pip |
| 💻Instruments Available | 70+ Forex pairs Precious Metals Indices Commodities |
| 📉Maximum Leverage Ratio | 1:500 |
| 💹Execution Type | ECN |
| 💰Commissions | None |
| 💷Rebates EAs Offered | ✅Yes |
| 📱Mobile App Offered | ✅Yes |
| 🔓VPS Available | ✅Yes |
FP Markets MT4/5 Islamic Raw Account
The Islamic Raw Account combines the Raw Account’s functionality with Islamic financial rules. Like the Islamic Standard Account, it does not suffer swap costs, making it ideal for Muslim traders who wish to profit from narrow spreads but are aware that commissions will apply.
Therefore, it is an ideal option for Malaysian traders searching for a Sharia-compliant account while benefiting from the price structure generally offered to Raw Account customers.
| 🔑Account Feature | ℹ️ Value |
| 💷Minimum Deposit | 300 MYR/ AU$100 |
| 📉Average Spreads | Variable, from 0.0 pips |
| 📈Instruments Available | 70+ Forex pairs Precious Metals Indices Commodities |
| 💹Maximum Leverage Ratio | 1:500 |
| 📊Execution Type | ECN |
| 💰Commissions | US$3 per side |
| 💵Rebates EAs Offered | ✅Yes |
| 📱Mobile App Offered | ✅Yes |
| 🔒VPS Available | ✅Yes |
FP Markets Demo Account
FP Markets provides a Demo Account, an excellent starting place for Malaysian traders. This risk-free environment is useful for newcomers who want to acquaint themselves with the platform and try trading methods before investing real money.
The Demo Account simulates real-market circumstances and gives you access to tradable FP Markets products. This account is a wonderful teaching tool for Malaysian traders new to forex or CFD trading that allows them to acquire confidence and experience before moving on to real trading.
Even experienced traders may use the Demo Account to test new techniques or familiarize themselves with the FP Markets interface.
FP Markets Islamic Account
The Islamic Account at FP Markets, which comprises both the Islamic Standard and the Islamic Raw options, is particularly designed to fulfill the demands of Malaysia’s Muslim trading community while following Sharia law.
These accounts guarantee that no swaps or interest are levied on overnight holdings, essential for Sharia-compliant financial activity. The Islamic Standard Account is appropriate for people who want to avoid commission costs and are okay with a somewhat broader spread.
The Islamic Raw Account, on the other hand, is appealing to individuals looking for narrower spreads and are ready to pay commissions on transactions.
These accounts promote religious observance and allow for a wide range of trading techniques, from cautious to aggressive scalping, appealing to a sizable section of the Malaysian market.
The certainty of Sharia compliance and numerous account features make FP Markets’ Islamic Accounts extremely appealing in the Malaysian Islamic financial market.
FP Markets Professional Account
The FP Markets Professional Account is intended to meet Malaysian traders’ more advanced trading demands, providing an improved trading experience with various distinctive features.
This account type is best suited for experienced Malaysian traders who fulfill certain qualifying requirements, such as a large financial portfolio or professional expertise in the financial industry.
It offers enhanced leverage on various goods, including forex, stocks, commodities, metals, indices, and cryptocurrencies.
The Professional Account‘s attraction stems from its capacity to retain maximum leverage while being unaffected by regulation changes that would restrict leverage for ordinary traders, providing a substantial benefit for professional traders in Malaysia wanting more flexibility and trading power.
Pros and Cons of FP Markets Account Types and Features
| ✅Pros | ❎Cons |
| FP Markets offers flexible account types for various types of traders according to their experience and trading styles | FP Markets charges administrative fees on the Islamic Accounts |
| Traders can choose from accounts on MetaTrader 4 and 5 | The spreads on entry-level accounts are wide |
| FP Markets offers a free demo account to Malaysians | If the demo account becomes dormant, it will automatically be closed |
Can I trade cryptocurrencies with all FP Markets account types?
Yes, cryptocurrencies may be traded using any FP Markets account type.
Are Expert Advisors (EAs) supported on all FP Markets account types?
Yes, all FP Markets account types allow Expert Advisors for automated trading.
FP Markets Base Account Currencies and Basic Order Types
FP Markets Base Account Currencies
The base account currencies available to Malaysians include the following:
- ✅AUD
- ✅CAD
- ✅CHF
- ✅EUR
- ✅GBP
- ✅HKD
- ✅JPY
- ✅NZD
- ✅USD
- ✅SGD
FP Markets Basic Order Types
- ✅Market Order – A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
- ✅Stop Order – A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
How to Open and Close an FP Markets Account
How to Open an FP Markets Account
To open an account with FP Markets, Malaysians can follow these steps:
- ✅Begin by going to the FP Markets’ official website. On the site, check for the option to create a new account, which is generally clearly displayed.
- ✅Clicking the account creation link will bring you to an online application form. Please provide your complete name, email address, and country of residence (Malaysia).
- ✅Proceed to input any other personal information necessary for account creation. This contains your birth date, current residence, employment, and other important information.
- ✅Malaysian traders may pick between Standard, Raw, and Islamic accounts according to their preferences.
- ✅Choose the base currency for your account. As a Malaysian trader, use MYR (Malaysian Ringgit) to minimize currency conversion costs and handle your cash more efficiently.
- ✅Fill out a quick quiz to measure your knowledge of trading risks and financial products. This phase is critical to understanding the difficulties involved in trading.
- ✅Submit documentation proving your identity and address as part of the Know Your Customer (KYC) procedure. This often consists of a government-issued ID (such as a passport or national ID card) and a utility bill or bank statement for address verification.
- ✅Once your account has been set up and validated, you may deposit money in your client area. Navigate to the deposit area and choose your desired deposit method. FP Markets accepts MYR transactions using various methods, including bank transfers, credit/debit cards, and e-wallets.
- ✅Enter the amount you want to deposit in MYR and then follow the on-screen instructions to complete the transaction. The procedure is simple, and most deposits are deposited to your trading account practically immediately.
Finally, after financing your account, you can begin trading on FP Markets with your MYR-denominated account, allowing you a smooth trading experience tailored to your financial needs.
How long does it take to open an account with FP Markets?
The account opening procedure with FP Markets is often short. However, verification might take a few days, depending on document acceptance.
Is there an age requirement to open an account with FP Markets?
Yes, you must be 18 years old to establish an account with FP Markets.
How to Close an FP Markets Account
To close a live trading account with FP Markets, Malaysian traders can follow these steps:
- ✅First, log in to your FP Markets trading account using their website or platform. Ensure your account information is easily accessible; you may need it for verification.
- ✅Before closing the account, please terminate any open trading positions carefully. This step is critical because any open positions might result in additional financial consequences or changes in the value of your portfolio.
- ✅After all trades are closed, remove any leftover monies from your account. To accomplish this, browse your account’s withdrawal area. Select your desired withdrawal mode, fill out the needed information, and submit the request. Be advised that the withdrawal procedure may take several days, depending on the method chosen.
- ✅After checking that all monies have been successfully withdrawn, contact FP Markets customer support to request that your account be closed. This is often done by email, phone, or live chat assistance. Prepare to supply precise information about your account for verification.
- ✅The customer care staff may issue particular instructions or paperwork that must be completed before the account may be closed. Pay great attention to the directions. They may also question the cause for terminating your account, often for service improvement objectives.
- ✅Once your request is completed, FP Markets should notify you that your account has been closed. Please ensure that you get this confirmation that the account has been properly canceled and that no further actions or costs will be incurred.
Lastly, keep a copy of the last account statement and any contact with FP Markets about the account closure. This paperwork may benefit future reference, particularly for financial inquiries or clarifications.
Do I need to close all my positions before closing my FP Markets account?
Yes, cancel all trading positions before requesting account termination.
What happens if I leave my FP Markets account inactive?
Inactive accounts might be canceled. However, FP Markets does not collect inactivity fees.
FP Markets MAM / PAMM Features
FP Markets provides a powerful Multi-Account Manager (MAM) and Percentage Allocation Management Module (PAMM) solution for Malaysian traders looking to trade managed accounts. This tool is perfect for Malaysian professional traders or money managers who handle many customers’ monies.
They may use the MAM/PAMM service to execute block orders on all accounts under their control, with the outcomes and profits allocated per each client’s allocation proportion. The key draw for Malaysian traders is these accounts’ flexibility and control.
They provide real-time performance monitoring and the option to customize trading conditions for certain sub-accounts.
This may be quite advantageous for Malaysian money managers who need to cater to a wide range of client strategies and risk tolerances, giving a personalized trading solution to maximize customer happiness while possibly increasing profits.
How does profit sharing work in FP Markets MAM/PAMM accounts?
Profit sharing in FP Markets’ MAM/PAMM accounts is determined by the conditions agreed upon between managers and investors.
How do I monitor my investments in FP Markets MAM/PAMM?
Profit sharing in FP Markets’ MAM/PAMM accounts is determined by the conditions agreed upon between managers and investors.
Social Trading with FP Markets
FP Markets Social Trading allows Malaysian traders to interact with the financial markets by replicating the trades of professional traders. This is especially useful for people who do not have the time or skills to examine markets themselves.
Malaysian customers may be able to shorten their learning curve and profit from existing trading techniques by harnessing the expertise of experienced traders. FP Markets’ Social Trading platform is user-friendly, enabling traders to choose and follow top-performing signal providers quickly.
Malaysians gain most from having access to a worldwide network of traders, which extends beyond local market knowledge and taps into international experience. This democratization of trading expertise may help level the playing field, particularly for rookie traders in Malaysia.
Furthermore, clear performance indicators enable Malaysians to make educated selections about whom to follow based on a signal provider’s past success and risk management profile.
Is there a cost to use FP Markets’ social trading feature?
FP Markets may charge a fee for utilizing their social trading services. Therefore, traders must review their pricing structure.
How do FP Markets ensure the quality of traders on their social trading platform?
FP Markets selects traders based on performance and dependability for their social trading platform.
FP Markets Trading Platforms
FP Markets offers Malaysian traders a choice between these trading platforms:
- ✅MetaTrader 4
- ✅MetaTrader 5
- ✅IRESS
- ✅cTrader
- ✅FP Markets App
FP Markets MetaTrader 4
MetaTrader 4, provided by FP Markets, is very useful for Malaysian traders because of its user-friendly interface and comprehensive charting features.
Malaysians who like to trade on the move would benefit greatly from the mobile edition of MT4, which gives full trading capability and access to financial markets at all times and from any location.
The platform’s multilingual support, which includes English and Malay, guarantees that the local trade community can utilize it easily.
MT4‘s flexibility with various platforms, including Windows and Mac desktops and iOS and Android mobile devices, complements Malaysian traders’ tech-savvy inclination, providing them with a flexible and accessible trading experience.
FP Markets MetaTrader 5
MetaTrader 5, an improved version of MT4, has additional capabilities that may be very useful for Malaysian traders. Its enhanced selection of timeframes and analytical tools are ideal for people who use more advanced trading techniques.
Malaysian traders wishing to diversify their portfolios will welcome MT5‘s expanded selection of tradable assets, which includes equities, commodities, and classic forex pairings.
The platform’s enhanced pending order technology gives Malaysian traders more control over their deals, allowing for more accurate execution. MT5’s linguistic support, which includes Malay, guarantees a more user-friendly experience for Malaysian traders.
FP Markets IRESS
IRESS, offered by FP Markets, is a strong platform that suits Malaysian traders seeking complete access to global stocks and CFDs well. Its comprehensive charting and analytical capabilities suit traders seeking detailed market analysis.
The platform’s access to real-time data and direct market access (DMA) is very useful for Malaysian traders who trade overseas equities since it assures they obtain the most recent market pricing.
IRESS‘s configurable interface and extensive order management capabilities provide Malaysian traders with a personalized trading experience appropriate for rookie and experienced traders seeking a more professional trading environment.
FP Markets cTrader
cTrader, accessible via FP Markets, is a cutting-edge platform ideal for Malaysian traders wanting high levels of control and sophisticated trading tools. Its interface, noted for its clean design and user-friendly experience, appeals especially to Malaysia’s tech-savvy trading community.
cTrader‘s powerful charting tools and vast indicator library provide Malaysian traders with the resources to conduct in-depth market research.
The platform’s capacity to provide level II pricing is a key benefit for traders interested in market depth and liquidity, which are critical for tactics such as scalping and high-frequency trading.
FP Markets App
The FP Markets App is a good solution for Malaysian traders who want to trade using their mobile devices. This software combines the most important elements of desktop trading platforms into a mobile-friendly interface, assuring ease without losing functionality.
The app’s user-friendly design and simple navigation make it ideal for new and seasoned Malaysian traders.
Furthermore, the app’s real-time trading features and access to financial news allow Malaysians to remain informed and respond quickly to market movements, which is critical for traders in the fast-paced financial sector.
The FP Markets App‘s compatibility with iOS and Android devices aligns with Malaysian traders’ mobile-centric tastes.
Pros and Cons of FP Markets Trading Platforms
| ✅Pros | ❎Cons |
| Malaysian traders can trade various markets using powerful trading platforms | Mobile apps have less functionality compared to web-based platforms and desktop apps |
Can Malaysian traders use automated trading strategies on FP Markets platforms?
Yes, Malaysian traders may use automated trading techniques, particularly on MetaTrader platforms that enable Expert Advisors (EAs).
Can Malaysian traders access advanced trading tools on FP Markets platforms?
Yes, MetaTrader 5 and IRESS on FP Markets provide extensive trading tools and features.
Which Markets Can You Trade with FP Markets?
Malaysian traders can expect the following range of markets from FP Markets:
- ✅Forex
- ✅Shares
- ✅Metals
- ✅Commodities
- ✅Indices
- ✅Cryptocurrencies
- ✅Bonds
Financial Instruments and Leverage offered by FP Markets
| 🔑Instrument | 🅰️Number of Assets Offered | 🅱️Max Leverage Offered |
| 📈Forex | 70 | 1:500 |
| 💎Precious Metals | 3 | 1:500 |
| 💹Indices | 17 | 1:200 |
| 📊Stocks | DMA: 10,000+ MetaTrader: 1,000+ | 1:20 |
| 🪙Cryptocurrency | 11 | 1:5 |
| 💡Energies | 4 | 1:200 |
| 📉Bonds | 2 | N/A |
| 🍎Agricultural Commodities | 5 | 1:200 |
Broker Comparison for a Range of Markets
| 🔑Broker | 🥇FP Markets | 🥈IC Markets | 🥉Octa |
| 📈Forex | ✅Yes | ✅Yes | ✅Yes |
| 💎Precious Metals | ✅Yes | ✅Yes | ✅Yes |
| 🚩ETFs | None | None | None |
| 🖋️CFDs | ✅Yes | ✅Yes | ✅Yes |
| 💹Indices | ✅Yes | ✅Yes | ✅Yes |
| 📊Stocks | ✅Yes | ✅Yes | ✅Yes |
| 🪙Cryptocurrency | ✅Yes | ✅Yes | ✅Yes |
| 🔃Options | None | None | None |
| 💡Energies | ✅Yes | ✅Yes | ✅Yes |
| 🗂️Bonds | None | ✅Yes | None |
Pros and Cons FP Markets Range of Markets
| ✅Pros | ❎Cons |
| FP Markets offers a massive portfolio of tradable products across markets | FP Markets does not offer MYR in its exotic forex pairs |
| Malaysians can use leverage up to 1:500 on Forex | There are no local Malaysian CFDs that can be traded |
Can Malaysian traders access global equity markets through FP Markets?
FP Markets offers access to over 10,000 worldwide equities and CFDs.
Can Malaysian traders trade bonds on FP Markets?
Yes, FP Markets enables trading on two bond products.
FP Markets Fees, Spreads, and Commissions
FP Markets Spreads
FP Markets provides attractive spreads to Malaysian traders, varying according to the selected account type. Spreads on the Standard Account start at 1 pip, making it suitable for traders who desire a simpler pricing structure with no extra commission costs.
On the other side, the Raw Account offers Malaysian traders narrower spreads, beginning at 0.0 pips, making it perfect for high-volume traders and scalpers. These low spreads are especially useful for traders looking to reduce trading expenses while increasing possible earnings.
FP Markets Commissions
Commission fees with FP Markets apply to the Raw Account, which charges Malaysian traders a fee for the account’s reduced spreads. The fee is roughly US$3 per side for each lot exchanged, equating to US$6 for a round-turn transaction.
This pricing structure is open and consistent, allowing traders to make informed decisions. While this may raise the cost per transaction, it is balanced by the benefit of trading with narrower spreads, which active and high-volume traders prefer.
FP Markets Overnight Fees
FP Markets charges overnight fees for positions that are overnight. These costs vary depending on the financial instrument and transaction orientation (long or short).
For Malaysian traders, particularly those who trade forex, these costs are determined by the interest rate difference between the two currencies in a pair.
Traders must be mindful of these expenses since they may affect the profitability of deals held over many days, particularly in tactics such as swing trading.
FP Markets Deposit and Withdrawal Fees
FP Markets normally does not charge any deposit fees, which is a huge benefit for Malaysian traders. However, withdrawal costs vary depending on the method used. Some withdrawal methods are free, while others may entail fees, such as the following:
- ✅Neteller – 1% up to $30
- ✅Skrill – 1% + Country Fees
- ✅Fasapay – 0.50%
- ✅Asia Banks – 1.5%
- ✅Dragonpay – 1.5%
- ✅Perfect Money – 0.5%
- ✅Sticpay – 5% for Bank Wire, 2.5% for a wallet
- ✅Rupee Payments – 5.75%
- ✅Rapid transfer – 1%
- ✅Virtual Pay – 2%
- ✅XPAY – 1.5% (no fee on THB)
- ✅Pagsmile – 3%
- ✅Bank Transfer – 3.75%
- ✅Local Bank Transfer (QR Code) – 1%
- ✅Online Banking – 1.5%
FP Markets Inactivity Fees
One of the most tempting characteristics of FP Markets for Malaysian traders is the lack of inactivity fees. This implies that traders are not punished for not trading within a certain period.
This function is especially useful for part-time traders or those who cannot trade consistently owing to other obligations. It allows traders to trade on their timetable without worrying about incurring extra charges during idle times.
FP Markets Currency Conversion Fees
Currency conversion fees apply at FP Markets when traders change money to or from their account’s base currency. This is especially important for Malaysian traders who may deal in financial products denominated in currencies other than Malaysian Ringgit (MYR).
These costs vary depending on the currency pair and current market conversion rates. Traders must be aware of these charges since they may influence overall profitability, particularly if they often deal in foreign currencies.
Pros and Cons of FP Markets Trading and Non-Trading Fees
| ✅Pros | ❎Cons |
| FP Markets does not charge any deposit fees | Commission-free accounts have wider spreads |
| Malaysians can deposit and withdraw in MYR | The Islamic Account faces administrative fees |
| There are local payment methods available to Malaysians | Withdrawal fees apply to several payment methods |
Are there any commission fees for trading on FP Markets for Malaysian traders?
Yes, FP Markets charges a US$3 fee per side for its Raw Account.
Does FP Markets offer a zero-spread account for Malaysian traders?
FP Markets has incredibly narrow spreads, beginning with 0.0 pips on the Raw Account.
FP Markets Deposits and Withdrawals
FP Markets offers Malaysian traders the following deposit methods:
- ✅Credit/Debit Card
- ✅Bank Transfer
- ✅Neteller
- ✅Skrill
- ✅Asia Banks
- ✅SticPay
- ✅FasaPay
- ✅Virtual Pay
and many, MANY more!
FP Markets offers Malaysian traders the following withdrawal methods:
- ✅Debit/Credit Card
- ✅Domestic Bank Wire
- ✅International Bank Wire
- ✅Neteller
- ✅Skrill
- ✅Fasapay
- ✅Asia Banks
- ✅Dragonpay
and many, MANY more!
How to make a Deposit with FP Markets
To deposit funds to an account with FP Markets, Malaysian traders can follow these steps:
- ✅Begin by logging into your FP Markets client area with your registered credentials. This is where all fund management, including deposits and withdrawals, occurs.
- ✅After logging in, select the ‘Funding’ or ‘Deposit’ area on your dashboard. This section is often located in a prominent part of the client area or behind a menu.
- ✅Select MYR (Malaysian Ringgit) as your deposit currency. This is a critical step for Malaysian traders looking to minimize currency conversion costs and manage their assets more effectively.
- ✅FP Markets accepts various deposit options, including bank transfers, credit/debit cards, and e-wallets. Select the most convenient way for you. Consider transaction speed, accessibility, and any applicable costs.
- ✅Enter the amount you want to deposit in MYR. Ensure the quantity matches your trading strategy and the platform’s minimum deposit criteria.
- ✅Follow any further procedures specified by your deposit method. This might involve entering card information for credit or debit card purchases or logging into your e-wallet.
Finally, check all the data to verify they are correct, then confirm and submit your deposit request.
How long do FP Markets Deposits take?
The processing time for deposits at FP Markets varies according to the method used. Most deposit methods, such as credit/debit cards and e-wallets, are credited promptly. However, bank transfers may take longer, depending on the banks’ processing timeframes.
Can Malaysian traders use credit cards to deposit funds at FP Markets?
Yes, Malaysian traders may use credit and debit cards to make fast deposits at FP Markets.
Can Malaysian traders deposit funds in FP Markets using cryptocurrencies?
Yes, FP Markets welcomes cryptocurrency deposits from Malaysian traders, including Bitcoin and Ethereum.
How to Withdraw from FP Markets
To withdraw funds from an account with FP Markets, Malaysian traders can follow these steps:
- ✅First, log in to your FP Markets client area using your registered username and password. This is the primary location for all account management actions.
- ✅Look for the ‘Withdrawal’ or ‘Funds Withdrawal’ option in the customer section. This is usually found in an immediately accessible portion of the dashboard or inside a relevant menu.
- ✅When withdrawing, choose MYR (Malaysian Ringgit) as the withdrawal currency. This prevents excessive currency translation expenses and streamlines the procedure for Malaysian traders.
- ✅Choose your desired withdrawal method from the available choices. FP Markets provides various payment options, including bank transfers, credit/debit cards, and e-wallets. Choose the one that meets your convenience and speed needs.
- ✅Input the amount you want to withdraw, ensuring it matches your account balance and any minimum withdrawal limitations imposed by FP Markets.
- ✅Depending on your withdrawal method, you may need to take extra procedures for verification. This may involve security questions or further identity checks.
Lastly, check all information for completeness, then confirm and submit your withdrawal request.
How long do FP Markets Withdrawals take?
The time it takes for withdrawals to be processed and credited to your account is determined by your chosen method. E-wallet withdrawals are often handled fast, within 24 hours. Bank transfers and credit/debit card withdrawals may take several days or weeks.
What are the withdrawal methods available at FP Markets for Malaysian traders?
Malaysian traders can withdraw from FP Markets in various ways, including debit/credit cards, domestic and international bank wire transfers, XPAY, Neteller, Skrill, FasaPay, and different cryptocurrency options.
How can I cancel a withdrawal request at FP Markets?
To cancel a withdrawal request at FP Markets, you can contact customer service as soon as possible since cancellation depends on the request not being completed.
FP Markets Deposit Currencies, Deposit and Withdrawal Processing Times
| 🔑Payment Method | 💴Deposit Currencies | 📝Deposit Processing | 🗂️Withdrawal Processing |
| 💳Credit/Debit Card | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | MT4/5 – Instant IRESS – 1 day | 2 – 10 business days |
| 🏦Bank Transfer | AUD, USD, EUR, GBP, SGD, CAD | 1 day | N/A |
| 💻Neteller | AUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USD | MT4/5 – Instant IRESS – 1 day | 1 business day |
| ⏩Skrill | AUD, CAD, EUR, GBP, INR, USD, BRL | MT4/5 – Instant IRESS – 1 day | 1 business day |
| 🔎Asia Banks | MYR, IDR, VND | Instant | Instant |
| 🚩SticPay | JPY, EUR, GBP, USD, HKD, TWD, KRW, SGD | Instant | Wallet – Instant Bank wire – 1 – 2 days |
| 📌FasaPay | USD, IDR | MT4/5 – Instant IRESS – 1 day | 1 business day |
| 💸Virtual Pay | KES, UGX, TSH | Instant | 1 business day |
| 🪙Rupee Payments | INR | Instant | 1 – 2 business days |
| ▶️Rapyd | BRL, MXN, COP, CLP | Instant | 1 – 2 business days |
| 💵Perfect Money | USD | MT4/5 – Instant IRESS – 1 day | 1 business day |
| ✳️Pagsmile | BRL, CLP, COP, PEN, MXN, USD | Instant | 1 business day |
| 💻Cryptocurrencies | ADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP, TUSD, USDC (ERC20), USDT (ERC20), USDT (TRC20), ZEC | Up to 1 hour | 1 business day |
| ✴️Dragonpay | PHP | MT4/5 – Instant IRESS – 1 day | 1 business day |
| ▶️Rapid Transfer | EUR, DKK, SEK, HUF, GBP, PLN, NOK | Instant | N/A |
| 🪙Crypto Payments (Finrax) | BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20) | Up to 1 hour | 1 business day |
| 🔍Mybux | ZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZS | Instant | Instant |
| 💶XPAY | IDR, MYR, THB, VND | Instant | 1 business day |
| 🍏Apple Pay | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | MT4/5 – Instant IRESS – 1 day | N/A |
| 🖥️Google Pay | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | MT4/5 – Instant IRESS – 1 day | N/A |
| 🚀PaymentRush | INR | Instant | Instant |
| 📍B2Binpay | BTC, BCH, DASH, DOGE, ETH, LTC, TUSD, USDC, USDT (ERC20), USDT (TRC20), XRP, ZEC | 1 business day | 1 business day |
| 🗝️Thuderxpay | LAK | Instant | Instant |
| 💳Plusdebit / Online Banking | VND | Instant | N/A |
| 📈FP Markets P2P | VND | Instant | N/A |
| 💴Plusdebit/ QR Code | VND | Instant | N/A |
| 💵Plusdebit / MOMO QR Code | VND | Instant | N/A |
| 📝PaymentAsia (QRIS and e-Wallets) | IDR | Instant | N/A |
| 🪙Coinspaid | BTC, LTC, BCH, ADA, ETH, DOGE, NEO, XRP, USDTE, USDTT, XIN, BNB, BSV, EURS, USDC, TRX, XED, DAI | 1 business day | 1 business day |
| 👥Broker to Broker | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | 1 business day | N/A |
| 💱Domestic Bank Wire | AUD | N/A | 1 business day |
| 🌎International Bank Wire | AUD | N/A | Up to 5 days |
| 🖥️Online Banking | IDR | N/A | Instant |
Broker Comparison: Deposit and Withdrawals
| 🔑Broker | 🥇FP Markets | 🥈IC Markets | 🥉Octa |
| ⏰Minimum Withdrawal Time | Instant | Instant | 1 – 3 hours |
| ⏱️Maximum Estimated Withdrawal Time | Up to 10 working days | Up to 14 business days | 1 – 3 hours |
| 💳Instant Deposits and Instant Withdrawals | ✅Yes | ✅Yes | ✅Yes, Deposits |
Pros and Cons FP Markets Deposits and Withdrawals
| ✅Pros | ❎Cons |
| FP Markets offers local deposit and withdrawal methods to Malaysians | There are limited local payment methods available to Malaysians |
| Malaysians can deposit and withdraw in MYR | There are withdrawal fees charged across payment methods |
Are there withdrawal fees for Malaysian traders at FP Markets?
Yes, FP Markets charges withdrawal fees for some ways, such as Neteller and Skrill, at different rates depending on the method.
How long do withdrawals take at FP Markets for Malaysian traders?
FP Markets’ withdrawal processing periods vary, with e-wallets being completed in one business day and bank wires taking up to five days.
FP Markets Education and Research
Education
FP Markets offers the following Educational Materials to Malaysian traders:
- ✅Trader’s Hub
- ✅Trading Knowledge
- ✅Technical Analysis
- ✅Fundamental Analysis
- ✅Economic Calendar
- ✅Forex Calculator
and more!
FP Markets also offers Malaysian traders the following additional Research and Trading Tools:
- ✅Trading Courses Videos
- ✅Webinars
- ✅Podcasts
- ✅Events
- ✅Platform Video Tutorials
- ✅eBooks
and more!
Research and Trading Tool Comparison
| 🔑Broker | 🥇FP Markets | 🥈IC Markets | 🥉Octa |
| 📈Economic Calendar | ✅Yes | ✅Yes | ✅Yes |
| 🔒VPS | ✅Yes | ✅Yes | ✅Yes |
| 💹AutoChartist | ✅Yes | ✅Yes | ✅Yes |
| 👁️Trading View | None | None | None |
| 📍Trading Central | None | ✅Yes | None |
| 📉Market Analysis | ✅Yes | ✅Yes | ✅Yes |
| 🗞️News Feed | ✅Yes | ✅Yes | ✅Yes |
| 💻Blog | ✅Yes | ✅Yes | ✅Yes |
Pros and Cons of FP Markets Education and Research
| ✅Pros | ❎Cons |
| FP Markets offers several third-party tools and resources | Compared to the education of other brokers, FP Markets’ resources are limited |
| Traders can expect robust features from FP Markets’ trading platforms | FP Markets does not offer an unlimited demo account |
Are the educational resources at FP Markets suitable for beginners?
Yes, FP Markets’ instructional area is large and appropriate for novices, with various information to help you start trading properly.
What type of analysis tools does FP Markets provide?
FP Markets offers technical and fundamental research tools to assist traders in making educated choices.
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 |
| 💯The overall quality of FP Markets Support | 4/5 |
Pros and Cons of FP Markets Customer Support
| ✅Pros | ❎Cons |
| FP Markets offers multilingual support to Malaysians | FP Markets does not have a local office in Malaysia |
What are the operating hours of FP Markets Customer Support?
FP Markets Customer Support is accessible 24 hours a day, seven days a week, to help traders.
Does FP Markets offer multilingual customer support?
Yes, FP Markets offers bilingual customer service to a varied global clientele, including Malaysian traders.
FP Markets VPS Review
The Virtual Private Server (VPS) service FP Markets provides is a dependable and resilient option for Malaysian traders, particularly those prioritizing automated trading strategies.
FP Markets guarantees a VPS service with exceedingly low latency through its partnership with Liquidity Connect. This is critical for facilitating swift transaction execution and reducing slippage.
Traders who utilize Expert Advisors (EAs) on platforms such as MetaTrader 4, MetaTrader 5, and cTrader will find this feature especially useful.
Situated within the Equinix New York data center, the VPS incorporates state-of-the-art virtualization technology well-suited for algorithmic and active traders. It ensures uninterrupted trading operations by protecting against network or power outage disruptions.
The ability to operate continuously is crucial for Malaysian traders. Their strategies must remain operational around the clock to prevent missing market opportunities. Including complimentary virtual private servers (VPS) makes this alternative appealing and economical for active traders.
Does FP Markets VPS support all Expert Advisors (EAs)?
Yes, FP Markets VPS supports all forms of Expert Advisors (EAs), allowing for automated trading.
How does FP Markets VPS ensure uninterrupted trading?
FP Markets VPS provides uninterrupted trading by protecting against power interruptions and network issues.
FP Markets Cashback Rebates Features and Conditions
The commission rebates program FP Markets offers Malaysian traders and affiliates an enticing opportunity. The program is designed to provide affiliates and traders who effectively refer new customers with forex commission rebates.
This program allows Malaysian traders to qualify for a $200 CPA commission or a $1.25 rebate for each lot traded via the hybrid affiliate initiative. In the case of the CPA Affiliate program, commissions can increase to $450.
The program guarantees prompt commission disbursements, which is especially beneficial for Introducing Brokers (IBs) who are eligible for a rebate system influenced by the trading volume.
This framework enables greater rebates in proportion to the trading volumes of referred customers.
The implementation of sophisticated real-time monitoring technology empowers traders and affiliates in Malaysia to diligently trace rebates and performance via a dedicated portal, thereby enhancing the process’s transparency and efficiency.
How much rebate does FP Markets offer per traded lot?
FP Markets provides a $1.25 refund per traded lot via their hybrid affiliate program.
Are there any specific conditions for receiving cashback rebates from FP Markets?
FP Markets offers cashback incentives based on trading volume and successful customer referrals.
FP Markets Web Traffic Report
| 🌎Global Rank | 108,338 |
| 🌐Country Rank | 28,509 |
| 📊Category Rank | 577 |
| 📍Total Visits | 499K |
| 📈Bounce Rate | 42.29% |
| 📖Pages per Visit | 4.26 |
| ⏰Average Duration of Visit | 00:04:53 |
| 📉Total Visits in the last three months | October – 918.2K November – 498.1K December – 499K |
FP Markets Geographic Reach and Limitations
FP Markets Current Expansion Focus
FP Markets focuses on Cyprus, Australia, Africa, Asia, Europe, and other regions.
Countries not accepted by FP Markets
FP Markets does not serve these areas:
- ✅United States
- ✅New Zealand
- ✅Japan
Popularity among Malaysian traders who choose FP Markets
FP Markets is one of the Top 20 forex and CFD brokers for Malaysian traders.
In which countries is FP Markets currently focusing its expansion?
FP Markets is in Cyprus, Australia, Africa, Asia, and Europe.
Does FP Markets have a significant presence in the European market?
Countries like Spain and France are among FP Markets’ top markets, demonstrating a substantial presence in Europe.
Best Countries by Traders
| 🌎Country | 📈Market Share |
| 🥇South Africa | 77.43% |
| 🥈Indonesia | 12.08% |
| 🥉India | 10.49% |
FP Markets vs IC Markets vs Octa – A Comparison
| 🔑Broker | 🥇FP Markets | 🥈IC Markets | 🥉Octa |
| 🚨Regulation | CySEC, FSCA, ASIC, FSC, FSA | ASIC, CySEC, FSA, SCB | CySEC, SVG FSA |
| 📈Trading Platform | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 OctaTrader Octa App |
| 💴Withdrawal Fee | ✅Yes | None | None |
| 🆓Demo Account | ✅Yes | ✅Yes | ✅Yes |
| ⬇️Min Deposit | 300 MYR | 945 MYR | 120 MYR |
| 💹Leverage | 1:500 | 1:500 | 1:500 |
| 📉Spread | 0.0 pips | From 0.0 pips | 0.6 pips |
| 💰Commissions | From US$3 | From $3 to $3.5 | None |
| 📊Margin Call/Stop-Out | 100%/50% | 100%/50% | 25%/15% |
| 📝Order Execution | Market | 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 | cTrader Account Raw Spread Account Standard Account | OctaTrader Account Octa MetaTrader 4 Octa MetaTrader 5 |
| 🔒Securities Commission of Malaysia (SCM)Regulation | None | None | None |
| 💳MYR Deposits | ✅Yes | None | None |
| 📒MYR Account | No | None | None |
| ⏰Customer Service Hours | 24/7 | 24/7 | 24/7 |
| 💍Retail Investor Accounts | 4 | 3 | 3 |
| ☪️Islamic Account | ✅Yes | ✅Yes | ✅Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 50 lots | Unlimited | 500 lots |
| ⏱️Minimum Withdrawal Time | Instant | Instant | 1 – 3 hours |
| ⌚Maximum Estimated Withdrawal Time | Up to 10 working days | Up to 14 business days | 1 – 3 hours |
| 💶Instant Deposits and Instant Withdrawals | ✅Yes | ✅Yes | ✅Yes, Deposits |
FP Markets Alternatives
- 🥇 SuperForex – SuperForex accommodates seasoned Malaysian traders searching for competitive spreads and a wide range of account alternatives. In addition to offering narrow spreads on major forex pairs and CFDs, they also provide a variety of account types with varying leverage levels to accommodate individual risk tolerances. Additionally, SuperForex is distinguished by its comprehensive copy trading platform, which enables Malaysians to potentially profit from the knowledge of successful traders by imitating their strategies.
- 🥈 AvaTrade – Malaysians are drawn to AvaTrade by its extensive selection of tradable assets, which includes cryptocurrencies, commodities, equities, and foreign exchange. The platform features intuitive interfaces like MetaTrader 4 and AvaTrade’s proprietary platform, providing novice and experienced users with a smooth trading experience. Additionally, AvaTrade distinguishes itself through its committed customer service and educational resources, which equip Malaysians with the knowledge and instruments necessary to navigate the financial markets.
- 🥉 Markets.com – Markets.com is particularly attractive to Malaysians prioritizing a reputable and regulated broker. Licensed in multiple jurisdictions, including the FCA of the United Kingdom, it provides Malaysian traders peace of mind and security. Markets.com provides Malaysians with an intuitive interface, sophisticated charting instruments, and technical indicators, enabling them to perform perceptive market analysis and execute well-informed trading strategies.
FP Markets Awards and Recognition
FP Markets received the following recent awards and recognition:
- ✅Best Trading Conditions in 2023 – Ultimate Fintech Awards
- ✅Most Trusted Broker in 2023 – Ultimate Fintech Awards
- ✅Best Value Broker Globally in 2023 – Global Forex Awards
- ✅Best Broker in Europe in 2023 – Global Forex Awards
- ✅Best Partners Program in Asia in 2023 – Global Forex Awards
and many more!
Our Experience with FP Markets
Our experience with FP Markets has been favorable, especially regarding the variety of trading possibilities and the platform’s general usability. As a broker licensed by top-tier agencies such as ASIC, FP Markets instills trust via its focus on security and compliance.
For Malaysian traders, the availability of Sharia-compliant Islamic accounts and the opportunity to trade a wide variety of assets such as Forex, commodities, and indices stands out.
The ability to pick between multiple account types, such as Standard and Raw, enables traders to choose the one that best fits their trading style and preferences.
FP Markets Trading Platform
In our experience, FP Markets provides access to well-known platforms such as MetaTrader 4 and MetaTrader 5, which are esteemed for their dependability and extensive functionalities.
These platforms furnish advanced charting capabilities, a wide array of indicators, and the capability to implement automated trading strategies via Expert Advisors. Furthermore, the IRESS platform is a valuable resource for more seasoned traders, offering direct market access and sophisticated analytical tools.
To augment the trading experience, a user-friendly mobile application adds an extra layer of convenience and flexibility, allowing traders to engage in transactions while on the move.
Quality of Customer Service
Customer service at FP Markets has been of the highest caliber. The support staff is available around the clock, offering assistance in multiple languages, which is a substantial benefit for a varied clientele, including Malaysian traders. Responses are generally timely and beneficial when contacted via phone, live chat, or email.
Although some may find the absence of Malaysian-specific customer service to be a drawback, the provision of multilingual support ensures that traders can obtain assistance in a convenient language.
Overall, FP Markets’ commitment to customer satisfaction is reflected in their professionalism and efficiency.
FP Markets 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 |
Recommendations according to our in-depth review of FP Markets
- ✅Working with local banks and financial institutions might help FP Markets improve its reputation and service offerings in Malaysia.
- ✅Getting involved with the Malaysian trade community via local events, sponsorships, or collaborations with Malaysian trading societies can help you establish a better local presence.
- ✅Expanding the range of Islamic financial products, including more Sharia-compliant investment possibilities, will better serve Malaysia’s large Muslim community.
- ✅Providing more local payment and withdrawal options common to Malaysian traders will make transactions simpler and quicker.
- ✅By providing analysis and reports on Malaysian and Southeast Asian markets, traders may get useful insights into regional markets.
- ✅Tailoring promotions and bonus schemes for the Malaysian market may attract more traders and improve their trading experience.
- ✅Allowing Malaysian traders to establish accounts in MYR would remove currency translation costs and make financial management easier.
- ✅Creating a customer care center in Malaysia with workers bilingual in Malay and English will allow for more customized help and develop stronger partnerships with local organizations.
Finally, tailoring educational materials for the Malaysian market, such as webinars, seminars, and trading manuals that target local economic situations and trading tactics, would be very valuable.
FP Markets Customer Reviews
🥇 Beginner friendly.
As a beginner in forex trading, the instructional materials provided by FP Markets have been essential. The demo account was really useful. – Aiden Chew
🥈 Game-changing.
As a seasoned trader, I value FP Markets’ VPS and assistance for expert advisors. It is a game changer in my automatic trading techniques. – Emily Liew
🥉 Stable and dependable.
FP Markets’ deposit choices are a huge benefit for me since they allow for frictionless transactions via local banks. Their stable and dependable trading platform is critical for my intraday deals. – Amelia Yap
Pros and Cons of Trading with FP Markets
| ✅Pros | ❎Cons |
| FP Markets offers a comprehensive education for beginners | FP Markets does not offer a MYR-denominated account |
| There are several useful trading tools offered to advanced traders | There are no local Malaysian CFDs that can be traded |
| There are flexible account types for Malaysians | There are withdrawal fees charged on several payment methods |
| Malaysian traders can deposit and withdraw in MYR using local payment options | While a negative balance is offered, Malaysians can still lose their invested capital because of market risks and leverage |
In Conclusion
In conclusion, our evaluation of FP Markets for Malaysian traders reveals a dependable and comprehensive trading platform.
Ensuring strict adherence to regulatory requirements, specifically those set forth by ASIC, FP Markets provides a secure trading environment—a critical component for investors in Malaysia or any other region.
The considerate provision of diverse account types, such as Sharia-compliant Islamic accounts, demonstrates an understanding of the specific requirements of traders, which is praiseworthy within the Malaysian framework.
Offering a diverse selection of trading platforms, including MetaTrader 4, MetaTrader 5, IRESS, cTrader, and the FP Markets App, each with its own set of advantages, FP Markets equips Malaysian traders with the adaptability and resources essential for conducting profitable transactions.
Nevertheless, potential inconveniences may arise due to the absence of a localized customer support center in Malaysia and the lack of MYR as the primary currency.
Notwithstanding these limitations, FP Markets‘ comprehensive portfolio, encompassing educational materials, virtual private server (VPS) solutions, and the incorporation of cutting-edge trading technologies, positions it as a formidable contender for Malaysian traders in search of a dependable and adaptable trading companion.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Malaysian investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Frequently Asked Questions
What platforms does FP Markets offer in Malaysia?
FP Markets offers access to the mainstream MetaTrader 4 and 5 platforms and its unique IRESS platform. All platforms are user-friendly and suitable for both novices and experienced traders.
Does FP Markets have Nasdaq 100?
Yes, FP Markets offers the Nasdaq as a CFD on indices.
Can I trade forex and CFDs with FP Markets in Malaysia?
Yes, Malaysians may trade various currency pairs, commodity CFDs, indices, and cryptocurrencies with FP Markets. This offers a variety of diversification possibilities for your portfolio.
Is FP Markets Safe or a Scam?
FP Markets is a safe broker for Malaysian traders despite not being locally regulated.
Is FP Markets regulated?
Yes, FP Markets is regulated in the Seychelles, South Africa, Cyprus, Mauritius, and Australia.
What account types does FP Markets offer in Malaysia?
FP Markets provides Standard, Islamic, ECN, and Zero Commission accounts to satisfy various trading requirements and risk tolerances. Spreads, commissions, and minimum deposits differ across accounts.
Does FP Markets offer educational resources for Malaysians?
Yes, FP Markets offers a complete education portal, including webinars, video lessons, ebooks, and articles on various trading subjects. These tools are designed to assist Malaysians of all experience levels improve their trading abilities.
How long does it take to withdraw from FP Markets?
FP Markets offers instant withdrawals, depending on the payment method used. However, other payment methods could take a few days before Malaysian traders receive their funds.
Does FP Markets offer Islamic accounts for Malaysians?
Yes, FP Markets provides specialized Islamic accounts that adhere to Shariah rules. These accounts are swap-free. Therefore, no interest is paid on overnight holdings.
Does FP Markets have VIX 75?
Yes, Malaysians can trade the Volatility 75 index with FP Markets.
How can I deposit and withdraw funds with FP Markets in Malaysia?
FP Markets accepts various deposit and withdrawal options in Malaysia, including bank transfers, e-wallets like Skrill and Neteller, and debit/credit cards. Processing timeframes vary according to the technique used.
What are the minimum deposit requirements for FP Markets in Malaysia?
FP Markets has a 300 MYR deposit requirement across account types.
