FP Markets Malaysia - FPMarkets Broker Review

FP Markets is operated by the First Prudential Markets LLC as a part of the FP Markets group. Ever since its establishment in 2005, the company has managed to become a top CFD service provider in Australia and a prominent Forex broker on a global scale. FP Markets takes pride in providing Online trading services through top-tier financial organizations in various trading instruments such as forex, shares, indices, commodities, and cryptos.

Over the years, FP Markets has achieved more than 38 prestigious awards in the industry: just to name a few, six consecutive “#1 Most Satisfied Traders” awards, four straight “#1 Best Trade Execution” titles by Investments Trends Report, as well as the winner of “Best Value Global Forex Broker” by Global Forex Awards 2019.

The company is licensed by multiple major regulatory agencies across the continents, such as the ASIC of Australia, CySEC of Cyprus, FSCA of South Africa, CMA of Kenya, and is also registered in St. Vincent & the Grenadines to enhance the scope of its business beyond borders.

At FP Markets Malaysia, traders will benefit from simple and convenient trading services using Standard and RAW accounts with tight floating spreads as low as 0 pips, low to no commissions, and flexible leverage as high as 1:500. All trading transactions will be executed in an ultra-fast ECN-Pricing environment accessible on MetaTrader 4 and MetaTrader 5 with more than 60 currency pairs, metals, indices, and commodities.

Furthermore, a wide range of trading guidelines and educational services are available via FP Markets Malaysia’s Traders Hub, both on the website and mobile app. New traders can start by learning the basics of Forex trading using Forex Trading 101 or glossary, and experienced traders will be provided with reports and market insights, as well as daily news to help them formulate their analyses from technical and fundamental perspectives.

In addition to superior trading services, FP Markets Malaysia offers the PAMM program to traders who wish to level up their daily trading activities while gaining additional income at the same time, as well as FPMarkets Copy trading program for investors and professional traders.

FP Markets Malaysia offers deposit and withdrawal services via credit cards and e-wallets in addition to online and conventional methods of transfer via various local Malaysian banks. That way, traders who reside in Malaysia will be able to conduct their transactions more conveniently.

In the event of having common trading issues, traders can use the website’s comprehensive FAQs to find the answers that they are looking for; additionally, those who need further assistance can contact the FP Markets Malaysia’s 24/5 multilingual live support via email, social media or live chat. And feel free to contact FP Markets Malaysia using Bahasa Melayu to get complete and more detailed information.

🔸Website: www.FPMarkets.com

🔸Regulations: ASIC, CySEC, FSCA, FSA, ESMA, CMA

🔸Country: Sydney, Australia

🔸Year founded: 2005

🔸Malaysian Client Support: Yes

🔸Local bank deposit in Malasyia: Yes

🔸Platforms: MetaTrader 4/5, WebTradere, Iress, Mobile

🔸Islamic Account: Yes

Rating: 4.5 / 5

Open FP Markets Account

www.FPMarkets.com

FP Markets Malaysia Account Types

Some traders may prefer more advanced and detailed trading services, while others might find these services difficult in more challenging situations, which occur quite a lot in the forex market.

As a solution to this common issue, only two options are offered to traders, namely FP Markets Standard and RAW accounts. Both of these accounts provide access to over 70 trading instruments, including Forex, indices, and commodities with multiple account options and flexible leverage as high as 1:500. Plus, all trading activities will be executed via a fiber-optic connection on a high-end NY4 server.

If you make a $100 deposit, you can easily open an account and access it via MetaTrader 4, MetaTrader 5, Webtrader, and mobile app. The Iress platform is also available at FP Markets Malaysia for traders who want to trade CFDs in a more sophisticated trading environment. However, it requires a minimum deposit of 1,000 USD (or equivalent).

Most importantly, both FP Markets Standard and Raw accounts come with superior VPS services as an advanced solution for Expert Advisors, scalpers, and auto-trading.

👉 Standard vs Raw Accounts

Even though FP Markets Standard and Raw accounts seem similar on the surface, they are designed to serve traders with different trading objectives and strategies.

The classic FP Markets Standard account is suitable for new traders who prefer trading in retails and fewer lots. While it is true that the Standard account applies tight floating spreads as low as 1 pip, FP Markets Malaysia does not charge any commission for any trading activities.

The innovative FP Markets Raw trading account is, however, more appropriate for professional traders who trade in a larger amount. And even though the floating spreads for this type of account are tighter, as low as 0 pip, an additional $3 commission per lot will be charged for each way you trade using this account.

Standard

Minimum Deposit: $100
Leverage: Up to 1:500
Minimum trade size: 0.01
Spread Type: Floating from 1 pip
Commission: No
Account Currency: USD, EUR, GBP, CAD

👉 Open Standard

Raw

Minimum Deposit: $100
Leverage: up to 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: Yes, 3 USD per side
Account Currency: USD, EUR, GBP, CAD

👉 Open Raw

👉 Pro Account

In addition to the above trading accounts, professional traders who have years of experience in the foreign exchange market can also request an upgrade to an FP Markets Pro Account, in which they get to maintain maximum level of leverage on all trading instruments with no additional cost.

However, the traders are to fulfill certain requirements for this type of account. They can either take the Wealth Test Option by verifying their wealth to show minimum assets of at least 2.5 million AUD and gross income of at least 250,000 AUD in the last two years, or prove their trading competency by completing a short online test to show a minimum gross trading and net assets, as well as prove their trading expertise by showing a minimum notional value in each quarter of the last 5 years. FP Markets Pro account is available by request only after meeting the abovementioned requirements for eligibility.

🕌 Islamic Account

FP Markets Malaysia completely understands that Muslim clients face certain limitations in their trading endeavors. That is why a Swap-free Islamic Forex account is available to them by request after opening a MetaTrader 4 or MetaTrader 5 trading account. By using a swap-free Islamic account, traders can trade swap-free for the first 5 days. Should these traders decide to keep their positions longer, an administration fee, starting from 1 USD, will be applied for each night. Please note that the fee varies between different currency pairs.

🟢 Demo Account

FP Markets Malaysia also offers Demo Accounts to new traders who want to practice demo trading without using their real money. By using FP Markets Demo account, new traders will be able to study and learn various class assets without having to make any deposit, follow a step-by-step trading tutorial provided by the company, watch various Forex trading webinars, and enjoy all the features offered by live accounts without spending a single cent.

FP Markets Malaysia will deactivate empty accounts that remain inactive for more than three months. If the client wishes to reactivate the account, they can do it anytime simply by sending a request to customer support.

FP Markets Malaysia Deposit & Withdrawal

At FP Markets Malaysia, deposits and withdrawals are available via various payment options, including bank cards, e-wallets, online banking, and local bank transfer. Moreover, FP Market Malaysia does not charge any commission for deposits. The company will cover up to 50 USD of the international fees if you deposit more than 10,000 USD.

Instant deposit is available via the following payment systems with a $50 minimum deposit:

🔸 Bank Card (VISA & Mastercard)
🔸 PayPal
🔸 Skrill
🔸 Neteller
🔸 POLi Payments
🔸 NganLuong.vn
🔸 Interac
🔸 Bitcoin
🔸 SafexPay
🔸 DragonPay
🔸 FasaPay
🔸 Indian Payment Method
🔸 Yandex
🔸 Qiwi
🔸 Safety Pay
🔸 CT (Thai Pay)
🔸 China Union Pay
🔸 Local Bank Transfer via PayTrus

Depositing funds via other payment systems will take more time to process as follows:

🔸 SWIFT Bank Transfer ➜ 1 business day
🔸 BPay ➜ 1 business day
🔸 South American Payment Method ➜ 1 business day
🔸 Klarna ➜ 1 – 3 days
🔸 Broker to Broker ➜ 1 business day

Withdrawing funds at FP Markets Malaysia is available using the same payment system as the deposit method. After the deposit is made, traders can then withdraw their remaining funds using an alternative payment system.

Please note that since FP Markets Malaysia does not receive payments from any third party, you need to make sure that the name listed in the payment system is the same as the one registered in your trading account.

Withdrawals via the following payment systems are free of charge:

🔸 Bank Cards ➜ 1 business day
🔸 Local Bank Wire Transfer (AUD) ➜ 1 business day
🔸 PayPal ➜ 1 business day

Withdrawing funds via other payment systems will require a certain amount of fee, depending on the payment system, with approximately 1 business day of lead time for processing:

🔸 International Bank Wire Transfer ➜ 25 USD for each transaction
🔸 Neteller ➜ 2%, 30 USD max per 45,000 USD transaction
🔸 Skrill ➜ 1% + country fees
🔸 FasaPay ➜ 1.5%
🔸 NganLuong.vn ➜ 1,000 VND + 1%
🔸 China Union Pay ➜ 18 USD
🔸 South American Payment Method (Directa24) ➜ 2%

At FP Markets Malaysia, there are no processing fees for withdrawing funds. However, the company is not responsible for any withdrawal fee demanded by the payment system.

FP Markets Malaysia Spreads

Spreads at FP Markets Malaysia are offered as floating for both FP Markets Standard and Raw Accounts. The FP Markets Standard account offers slightly higher spreads, starting from 1 pip, with no required commission for any trading activities.

The FP Markets Raw account offers even tighter spreads compared to the Standard account, starting from 0 pip. However, a $3 commission will be charged for each lot and each way you trade. in other words, you have to pay a $6 commission per lot, or for a one-round trade.

FP Markets Malaysia Security & Safety of Funds

FP Markets fully guarantees the safety and security of its clients’ funds and account information. Being licensed and regulated by the ASIC of Australia, CySEC of Cyprus, FSCA of South Africa, CMA of Kenya, means that FP Markets is bound to specific regulations, including keeping its clients’ funds safe in segregated bank accounts of AAA-rated Australian Banks, completely separate from the company’s operational funds.

Moreover, as an international company that operates across the continents under multiple regulators, FP Markets is to keep a clean financial history and maintain a strict capital requirement. To that end, the company has placed an independent external auditor - BDO Australia, at the moment to make sure that everything, in terms of the responsibilities and operational conducts, is up to par. The result of this audit will also be available to the clients in the form of regular account statements.

FP Markets Malaysia - FPMarkets Broker Review

FP Markets Malaysia Account Types

FP Markets Malaysia Deposit & Withdrawal

FP Markets Malaysia Spreads

FP Markets Malaysia Security & Safety of Funds

Advantages of Trading with FP Markets Malaysia