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- 38 Results (1 Thread , 37 Replies )
- Jlrobert replied Feb 26, 2021
This is correct. The email ID used to create account with FP can be different from your skrill/neteller/paypal email ID. However, for AML reasons i think the original Deposit need to be done to the same account, however profits i believe can be ...
- Jlrobert replied Feb 24, 2021
To clarify, you had to create a AUD bank account? If yes, how did you maange to create a local AUD account? I trade with Aussie broker as well and would be easy if i had a AU bank account ,so i can move funds in and out from the broker easily ...
- Jlrobert replied Feb 24, 2021
Has there been any updates on what would happen to non Australian Traders under FP Markets' ASIC regulation Post 29th March? Will there be a option to retain the account with reduced leverage, considering Professional account criteria is not met? Or ...
- Jlrobert replied Nov 2, 2020
Better to check regarding this with their support. As it is they dont have any restrictions on scalping/hedging or use of EAs. However if your EAs execute hundreds/thousands of commands in a day, better to get prior approval so they don't think that ...
- Jlrobert replied Nov 2, 2020
Good returns! Compounding definitely can do wonders. However when the lot sizes increase, it will be a real test of your psychology to hold the trades to R:R. All the best.
- Jlrobert replied Jul 15, 2020
What do you mean Advertising? If you are capable enough to read, you would have realized by now that this is a "broker discussion" thread. I have every right to discuss about the broker that i trade with. I have been active in this forum for 5 years ...
- Jlrobert replied Jul 10, 2020
I Don't think any decent regulators will allow a broker to offer leverages like 1:1000. If a broker offers such leverages, be very sure that they will be market makers and you are eventually bound to lose your money.
- FP Markets - Hidden Gem for Traders?
I have been trading for a few years now and have dealt with multiple brokers including some big ...
- Jlrobert replied May 14, 2020
I currently trading with FP Markets Raw spread (ECN) account. Their Trading conditions are pretty solid, executions are pretty fast and there has been no platform freezing or related issue even when the markets have been crazy recently. Regarding ...
- Jlrobert replied May 4, 2020
I'm afraid You have the exact opposite scenario. Because they HAD a bigger client base, they thought they are invisible and started to do dodgy stuff which got them in trouble with ASIC. If i were you i would stay away from ICM, i was a long term ...
- Jlrobert replied Apr 26, 2020
I doubt if both the brokers are regulated by MAS. Also i think both brokers onboard Singapore clients to their off shore licenses. FP Markets are onboarding clients onto their st.vincent's entity and IC are onboarding to their seychelles. However, ...
- Jlrobert replied Apr 16, 2020
True words, i have been in the same boat as you. Traded full time for close to 2 years, however i am not as lucky as you to continue with it, I had to take up a day job again. I still trade part time, My word of advise for anyone looking to jump in ...
- Jlrobert replied Apr 16, 2020
Please note that most FX brokers that offer Zero spread will charge you a flat commission based on your trade size. For example if you trade 1 lot of EURUSD, you would be paying around 6$ or 7$ commission per round lot depending on the broker. ...
- Jlrobert replied Apr 16, 2020
Possibly, most of these brokers i believe have a very similar setup. Be it FP Markets, ICM, Pepperstone & so on.. all have a very similar business- Right from pricing, platforms, etc. and as far as i'm aware they all use OneZero Financial for their ...
- Jlrobert replied Apr 16, 2020
I am aware that FP Markets have a Cysec license as well. However my account is under their ASIC license as i have a leverage of 1:500. With Cysec the leverage is restricted to 1:30 unless you are a professional client due to ESME regulations.
- Jlrobert replied Apr 8, 2020
From what i know, IC have got into issue with ASIC for this very reason. Trying to on-board clients from countries that ASIC doesn't approve of (In addition to falsely advertising as ECN previously). They are under scrutiny from ASIC currently and ...
- Jlrobert replied Apr 6, 2020
I don't think they are connected though. From what i can see FP Markets was established in 2005 and IC only a couple of years later in 2007? The only association i can see is they both (along with other brokers) are a part of Australian CFD & FX ...
- Jlrobert replied Mar 25, 2020
Seems the markets globally are in green for the last couple of days. What do you guys reckon? sign of actual recovery or just a Dead cat bounce?
- Jlrobert replied Mar 25, 2020
I don't think the MT5 for FP Markets is going to be different from any other brokers. As Metatrader 4 or 5 is standard across all brokers and is owned by MetaQuotes. However i think most traders still use MT4 (Including me) mainly because i have ...
- Jlrobert replied Mar 6, 2020
Yes, their Spreads are definitely real. FP Markets Raw spread account have some of the lowest spreads that i've seen. Check screenshot of current EU spread from my live account with them. image And yes you pay a commission of $3 per lot. But it is ...