Today i am going to write a review about a regulated broker from Australia, they are FPMarkets.com . Founded in 2005, they are regulated in ASIC and CySEC . They are a forex and CFDs broker and source their liquidity from major investment banks. They include Barclays, HSBS, JPM, RBS, Goldman Sachs etc.
They offer a high leverage of 1:500 for all clients except for European clients which is 1:30. Two types of account are available, i.e. standard and raw, of which standard account allows you to trade without commission (spread is higher) and raw account trades with very tight spreads (0.1 pip for EURUSD) in return of a commission charged (Per side 3.5 AUD CAD SGD, 3 USD, 2.75 EUR, 2.25 GBP, 20 HKD, 250 JPY).
A winner of 36 awards including Best Global Forex value broker award, Outstanding Value CFD provider, best customer service, best trade execution etc. Deposit methods include VISA and Mastercard, domestic and international bank wire transfers, Neteller, Skrill, Paypal etc. Aside from forex trading, they are one unique broker that offer equity CFD trading too. Major markets include Australia, UK, US, Hong Kong and Singapore. Their Iress platform is great for multi-asset trading with professional technical analysis tools for use. Iress account types include standard, platinum and premier where minimum opening balance are $1,000, $25,000 and $50,000 respectively. Main differences are cheaper brokerage and financing fees for higher tier accounts.
If you like scalping using MT4 Expert Advisors, YES. They allow scalping and hedging strategies with no restrictions. Additionally, their customer service is top class and withdrawals are super lightning fast. You can read more reviews in forexpeacearmy. They are given an average of 4.5 stars in their website.
You can open an account now. Click FPMarkets.com.