
FP Markets offers Brazilian traders’ performance-driven technology by supporting several powerful and feature-rich online forex trading platforms. Brazilian retail traders can expect ultra-low spreads and lightning-fast trade execution with FP Markets across several financial instruments.
- Maryke Myburgh
Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview

Having extensive experience in Forex and CFD trading, We have thoroughly evaluated numerous brokers, each presenting their unique range of services.
However, FP Markets has really caught our attention, especially as a broker for Brazilian traders, and here’s why. Established in 2005, FP Markets has grown into a well-respected broker with various regulatory certifications.
Not only is it widely recognized in Australia, but it has also made considerable strides in catering to Brazilian traders.
One aspect that sets FP Markets apart from other brokers is its commitment to providing tight spreads, which begin at 0.0 pips.
This is fantastic news for traders who are conscious of expenses, particularly Brazilian traders who have a vast selection of currency pairs at their disposal, including those involving the Brazilian real.
FP Markets demonstrates a keen understanding of local market dynamics by enabling easy participation in global Forex markets.
We were thoroughly impressed with their advanced trading platforms, including TradingView, IRESS, cTrader, MetaTrader 4 and 5.
These platforms are renowned for their dependability and extensive range of tools, enabling traders to execute strategies effectively. In addition, the highly competitive leverage options of up to 1:500 enable traders to maximize their positions, giving them a notable edge.
FP Markets prioritizes transparency, fast execution, regulatory compliance, and multilingual customer support to provide a seamless and secure trading experience.
This is especially crucial for Brazilian Forex traders who require a broker well-versed in their trading environment. The broker’s high trust score of 87% demonstrates their reliability and reputation within the trading community.
FP Markets provides Brazilian traders with a wide range of over 10,000 tradable instruments across different asset classes. They also offer aggregate pricing from top-tier liquidity providers and consistently maintain tight spreads.
Adding emerging market currencies such as the Brazilian real (BRL) demonstrates our dedication to offering a wide range of trading options for a more comprehensive and diverse experience.
We believe that FP Markets is a top choice for Brazilian traders because of its specialized services, competitive conditions, and strong regulatory framework.
In our opinion, with its extensive global reach and deep understanding of local market dynamics, it becomes an irresistible choice for traders in Brazil and other regions.
Which financial products can Brazilian traders trade on FP Markets?
FP Markets allows Brazilian traders to trade over 10,000 financial assets, including currency and shares, metals, commodities, indexes, cryptocurrencies, energy, ETFs, and bonds.
Is there a demo account available for Brazilian traders at FP Markets?
Yes, FP Markets offers Brazilian traders a demo account with virtual funds to practice trading without incurring any financial risk.
FP Markets Review At a Glance
🗓Established Year | 2005 |
🪪Regulation and Licenses | ASIC, CySEC, FSCA, FSA, FSC |
🌟Ease of Use Rating | 4/5 |
💰Bonuses | No |
⏰Support Hours | 24/7 |
📊Trading Platforms | MetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App |
📈Account Types | Standard, Raw, Islamic Standard, Islamic Raw |
💸Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, SGD |
📊Spreads | From 0.0 pips |
📈Leverage | 1:500 |
💳Currency Pairs | Major, Minor, Exotic |
💰Minimum Deposit | 333 BRL (AU$100) |
💸Inactivity Fee | None |
🗣Website Languages | English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, Russian |
⚖️Fees and Commissions | Spreads from 0.0 pips, commissions from US$3 per side |
📚Affiliate Program | Yes |
🏛️Banned Countries | United States, Japan, New Zealand |
💻Scalping | Yes |
🔎Hedging | Yes |
✴️Trading Instruments | Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, Bonds |
👉 Open Account | Open Account |
Regulation and Safety of Funds
Brazil’s Comissão de Valores Mobiliários, or Securities and Exchange Commission (CVM), does not regulate FP Markets. However, FP Markets’ global regulations are listed in the table below.
FP Markets Global Regulations
🏛️Registered Entity | 🌎Country of Registration | 🔎Company Reg | 🔎Regulatory Entity | 📈Tier | 🪪License Number/Ref |
First Prudential Markets Pty Ltd | Australia | ABN 16112600281 | ASIC | 1 | AFSL 286354 |
First Prudential Markets Ltd | Cyprus | HE372179 | CySEC | 2 | 371/18 |
FP Markets (PTY) LTD | South Africa | 2018/097037/07 | FSCA | 2 | FSP 50926 |
FP Markets LTD | Mauritius | – | FSC | 3 | GB21026264 |
First Prudential Markets Limited | Seychelles | – | 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 | No |
Does FP Markets provide any specific tools for Brazilian traders to monitor the security of their transactions?
Yes, FP Markets offers detailed transaction reports and real-time monitoring tools through their trading platforms, allowing Brazilian traders to track their financial activities and detect any discrepancies immediately.
What are FP Markets’ policies on data protection for Brazilian traders according to international standards?
FP Markets complies with global data protection regulations, ensuring that all trader data is encrypted, securely stored, and handled with the utmost confidentiality.
FP Markets Awards and Recognition
We explored FP Markets’ website and found that the broker has won the following recent awards:
- FP Markets extended its winning trend in 2025, receiving the ‘Best Forex Broker – Europe’ and ‘Best Forex Partners Programme – Asia’ at the Global Forex Awards. FP Markets won the ‘Best Global Forex Value Broker’ title for the fifth year in a row.
- In 2023, FP Markets received the ‘Best Trading Conditions’ and ‘Most Trusted Broker’ awards at the Ultimate Fintech Awards Global. The event was hosted in Limassol, Cyprus, and is recognized for commemorating the accomplishments of the greatest brokerage firms worldwide.
- FP Markets also won the ‘Best Trade Execution’ and ‘Most Transparent Broker’ honors at the Ultimate Fintech Honors APAC 2023.
- FP Markets was also named the “Best CFD Broker in Africa” at the FAME Awards 2023. This was FP Markets’ first award in Africa, and it corresponded with its regulatory certification from South Africa’s Financial Sector Conduct Authority (FSCA) in 2022.
FP Markets Account Types and Features
FP Markets’ range of account options for Brazilians really impressed us, especially given the unique and comprehensive features available. Traders can view our table to find some basic features and then read each account description to see what FP Markets offers.
Standard | Raw | Islamic Standard | Islamic Raw | |
⚖️Availability | All Traders; ideal for beginners and casual traders | All traders; ideal for scalpers and algorithmic traders | Muslim traders; ideal for beginners and casual traders | Muslim traders’ ideal for scalpers and algorithmic traders |
📈Markets | All | All | All | All |
💳Commissions | None | US$3 per side | None | US$3 per side |
💻Platforms | All | All | All | All |
📊Trade Size | From 0.01 lots | From 0.01 lots | From 0.01 lots | From 0.01 lots |
📈Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
💰Minimum Deposit | 333 BRL (AU$100) | 333 BRL (AU$100) | 333 BRL (AU$100) | 333 BRL (AU$100) |
FP Markets Standard
The FP Markets Standard Account offers Brazilian traders a seamless trading experience, free from the hassle of commission fees.
With this account, you’ll discover spreads starting at a competitive 1 pip, making it an attractive option for those seeking an account without commissions. This setup especially appeals to new traders or individuals not engaging in frequent trading.
In addition, you can utilize leverage up to 1:500, allowing ample flexibility to optimize your trading positions. You’ll also have the opportunity to use different trading platforms, such as MetaTrader 4 and MetaTrader 5, which are well-regarded for their user-friendly interfaces.
With a minimum deposit requirement of only 333 BRL ($100), Brazilian traders at all levels can easily access this platform.
FP Markets Raw
During our evaluation, we found that the FP Markets Raw Account is designed for seasoned Brazilian traders who want narrow spreads and a clear, uncomplicated commission structure.
This account is perfect for high-volume Brazilian traders, and those who use scalping strategies, with incredibly low spreads starting at 0.0 pips and a reasonable commission fee of $3.00 per standard lot traded.
You’ll also have the advantage of leveraging up to 1:500 and using advanced trading platforms such as cTrader WebTrader and MT5 Mobile Trader.
Additionally, we found that traders have unlimited access to helpful tools like Autochartist and Traders Toolbox. Overall, this account is an excellent choice for Brazilian traders who value competitive spreads and prefer a commission-based pricing model.
FP Markets Islamic Standard
The FP Markets Islamic Standard Account provides a swap-free trading environment for Brazilian traders who value Islamic finance principles while still offering all the necessary features.
Like the Standard Account, you will receive competitive spreads starting from 1 pip and no commission fees. Rest assured, this account eliminates any concerns regarding swap or interest charges on overnight positions.
With a minimum opening balance of 333 BRL / 100 AUD, this trading platform is accessible to traders of all levels.
In addition, you will also have the advantage of leverage up to 1:500 and the opportunity to trade with a wide range of instruments. We believe it’s a perfect option for Brazilian traders who want to adhere to Sharia law while trading Forex.
FP Markets Islamic Raw
The FP Markets Islamic Raw Account offers the advantages of the Raw Account while adhering to Islamic finance principles.
This account is ideal for experienced Brazilian traders seeking competitive spreads and a commission-based structure with no swap fees.
With incredibly tight spreads on the EUR/USD and a highly competitive commission of just $3 per lot traded, it’s undoubtedly one of the top choices available.
In addition, we noticed the platform has a low minimum opening balance of 333 BRL (AU$100), making it easily accessible to a diverse group of traders.
Overall, we believe that the Islamic Raw Account is designed to meet the needs of Muslim traders in Brazil who seek competitive trading conditions that align with their religious principles.
FP Markets Demo Account
After delving into the FP Markets demo account, we noticed a bunch of features made to cater to Brazilian traders and give them a leg up in the financial market.
Notable among this account’s features is its generous virtual balance of $100,000, which enables traders to experiment with various strategies without jeopardizing their actual funds.
Furthermore, further inspection of the demo account’s features revealed that it grants complete access to several platforms offered by FP Markets, including cTrader, IRESS, MetaTrader 4, and MetaTrader 5.
Because of this inclusion, we believe that Brazilian traders have a better chance of getting to know these well-known platforms and all the resources they provide.
How do Brazilian traders switch between account categories at FP Markets?
Brazilian traders can switch between account kinds by contacting customer service or adjusting their preferences directly in the secure client area.
Can Brazilian traders open multiple trading accounts at FP Markets?
Yes, Brazilian traders can establish several trading accounts at FP Markets, allowing them to use various trading techniques concurrently.
FP Markets Account Registration
We were pleased to find that FP Markets offers a straightforward account opening process from its website.
Here’s how we registered an account with FP Markets to start trading:
Step 1 – Visit the official website of FP Markets.
To start the account registration process, Brazilians can visit FP Market’s official website and click the “Open Live” option from the top toolbar.
Step 2 – Complete Registration Process
We went with the conventional registration by entering an email address and then providing some personal details like First and Last Name, Account type, country of residence, preferred language, and telephone number. Before continuing, we also had to acknowledge and accept the FAIS Upfront Disclosure and indicate that we are not United States Citizens. Next, an OTP was sent to the phone number provided and we entered this into the required field, thereby confirming our contact details.
Step 3 – Fill in all your personal details.
The next section requires additional information that we had to provide like date of birth, physical address, identity details, employment information, source of wealth, and annual income. Next, we could configure our account by selecting a preferred trading platform, account type, trading currency, and desired leverage ratio.
What documentation do I need to create an account with FP Markets?
FP Markets often needs Brazilian traders to provide evidence of identification (passport or national ID) as well as proof of domicile (a recent utility bill or bank statement).
What should Brazilian traders do if FP Markets declines their account application?
Brazilian traders should contact FP Markets’ support to understand the reasons for the decline and receive guidance on rectifying any issues.
FP Markets Broker Comparison
🥇 FP Markets | 🥇 Saxo Bank | 🥇 XTB | |
🗺️ Regulatation | CySEC, FSCA, ASIC, FSC, FSA | Danish FSA, Danish FSA in UAE, Danish FSA in Brazil, Danish FSA in Czech, FCA, MAS, FINMA, CONSOB, Japan JFSA, Hong Kong FSC, ASIC, Dutch Central Bank and Authority for Financial Markets in the Netherlands, National Bank of Belgium and Financial Services and Market Authority, Banque de France and Autorite Marche Financial | FCA, ACPR, BaFin, DFSA, KNP, FSCA, CySEC, IFSC |
💻 Trading Platform | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | SaxoTraderGO SaxoTraderPRO | xStation 5 xStation Mobile |
💰 Withdrawal fee | Yes | No | Yes, <$50 withdrawals |
💳 Demo Trading Account | Yes | Yes | Yes |
💰 Minimum Deposit | 333 BRL (AU$100) | 0 BRL ($0) | 0 BRL ($0) |
📊 Leverage | 1:500 | 1:30 | 1:500 |
💰 Spreads | 0.0 pips | From 0.4 pips | From 0.5 pips |
🚀 Commissions | From US$3 | From $0 on Mutual Funds | None on most instruments |
📊 Margin Call/Stop out | 100%/50% | Flexible | 100%/50% |
📊Order Execution | Market | Market | Market |
❌No-Deposit Bonus | No | No | No |
🪙Cent Accounts | No | No | No |
📒 Account Types | MT4/5 Standard Account MT4/5 Raw Account MT4/5 Islamic Standard Account MT4/5 Islamic Raw Account | Classic Account Platinum Account VIP Account | Standard Account Swap-Free Account |
🏛️CVM Regulation | No | No | No |
💰BRL Deposits | No | No | No |
💻BRL Account | No | No | No |
📞Customer Service Hours | 24/7 | 24/5 | 24/5 |
💳Retail Investor Accounts | 4 | 3 | 2 |
☪️Islamic Account | Yes | No | Yes |
💰Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
💸Maximum Trade Size | 50 lots | Flexible | Not indicated |
⏰Minimum Withdrawal Time | Instant | Instant | 1 Working Day |
⏲️Maximum Estimated Withdrawal Time | Up to 10 working days | Up to 5 days | 7 Working Days |
💳Instant Deposits and Instant Withdrawals? | Yes | Yes, deposits | No |
👉Open Account | Open Account | Open Account | Open Account |
FP Markets Trading Platforms
Brazilians will not be disappointed by the range of FP Markets’ trading platforms, from third-party software to proprietary platforms. FP Markets’ platforms are discussed in the following few sections.
IRESS
According to our research, IRESS is the best platform for Brazilian traders looking for a full-featured trading program. Our top pick was this platform because of its wealth of market data and variety of order forms, both of which are essential for making educated selections.
In addition, traders can personalize their trading environment with the highly adjustable interface, which is a huge plus for Brazilians who want to make trading easier.
In addition to FP Markets’ competitive pricing and execution speeds, IRESS offers access to extensive charting tools and real-time price streaming, making for a powerful trading environment.
In our opinion, the platform is a good option for active Brazilian traders since its price structure is proportional to the transaction amount, which aligns with FP Markets’ transparent pricing philosophy.
cTrader
cTrader provides a robust trading experience with an easy-to-use interface and a contemporary appearance.
We found that the platform’s powerful order capabilities and charting tools are its hallmark features, which perfectly harmonize with FP Markets’ narrow spreads and speedy execution.
When dealing with unpredictable markets, we believe that Brazilian traders will value this platform’s accuracy and amount of control.
Although MetaTrader’s Expert Advisors are more well-known for their algorithmic trading capabilities, this platform provides traders with sophisticated techniques.
Overall, when Brazilian traders value market depth and clear order execution, cTrader is a great choice, especially when combined with FP Markets’ liquidity.
MetaTrader 4
MetaTrader 4 (MT4) is well-known and widely used; our time spent using it at FP Markets was first-rate. In addition to the platform’s dependability and strength, FP Markets’ execution speeds and leverage choices are top-notch.
While we know MetaTrader 4 for its Expert Advisors, we also liked that we could create our own indicators and use the back-testing tools. These features and FP Markets’ wide variety of trading products make the platform ideal for traders of all skill levels in Brazil.
MetaTrader 5
After evaluating MetaTrader 5 (MT5) with FP Markets’ trading options for Brazilian traders, we can conclude that the platform offers a solid trading base that will benefit all traders.
MetaTrader 5 is renowned for its modern technology, which also easily links with FP Markets to provide access to a wide range of financial products, including shares, commodities, indices, and currency.
MetaTrader 5’s various order types, powerful charting tools, and algorithmic trading via Expert Advisors (EAs) stood out to us, and we believe that this can cater to various trading strategies in Brazil.
Furthermore, we also found that elements like one-click trading, and strong back-testing capabilities improve Brazilian traders’ trading efficiency and strategy development.
By offering extra tools such as Autochartist and Trading Central, which enhance MT5’s analytical skills, FP Markets enhances the trading experience even further.
Overall, we believe that both experienced and new traders in Brazil may benefit from the ideal atmosphere created by the combination of FP Markets’ advantageous trading conditions and sophisticated platform features.
FP Markets App
With the FP Markets App, you can access your favorite trading features and tools from the palm of your hand, right on your smartphone.
Thanks to its smooth integration with FP Markets’ account management and financing options, our testing has shown that the app is ideal for on-the-go trading. This software is perfect for Brazilian traders who are often on the go and want a way to stay connected to the markets.
TradingView
TradingView’s social networking features and strong analytical tools made it a perfect match for FP Markets’ products. Trading conditions from FP Markets are integrated into the platform, allowing Brazilian traders to connect with a worldwide community and make educated decisions.
Myfxbook AutoTrade
If you’re a trader in Brazil looking to mimic the methods of successful traders, Myfxbook AutoTrade is the app for you. This feature is a great fit for FP Markets’ broad assets and competitive environment, making it an excellent option for traders looking to use the experience of others.
Signal Start
With Signal Start, FP Markets has added a useful tool to its toolbox by giving signal producers a place to discuss their tactics.
This is especially helpful for Brazilian traders who don’t have much time to develop their own ideas because they can just follow along and apply them to their FP Markets account.
Social Trading
Finally, we discovered that Brazilian traders can easily tap into the knowledge of a trading community using Social Trading platforms linked with FP Markets.
In our experience, all levels of traders can benefit from FP Markets’ trading environment since it allows them to imitate transactions and strategies immediately.
What technical analysis tools are available to Brazilian traders on FP Markets platforms?
Brazilian traders have access to an array of technical analysis tools on FP Markets platforms including trend indicators, volatility tools, and volume indicators to help accurately assess market conditions.
Can Brazilian traders integrate external tools or plugins with FP Markets platforms?
Yes, traders can integrate external tools and plugins, particularly with MetaTrader platforms, enhancing functionality with custom indicators, automated trading robots, and other software integrations.
FP Markets Range of Markets
FP Markets offers traders access to thousands of instruments that are spread across diverse markets. We explore these markets for Brazilians and provide insight into each.
Bonds
FP Markets offers government, corporate, and municipal bonds for Brazilian traders to explore the world of bonds. Investing in bonds can provide a way to diversify your investment portfolio and potentially achieve consistent returns.
Traders can easily maximize their potential gains and effectively manage risk with the help of competitive leverage options.
In addition, according to our research, trading bonds with FP Markets enables Brazilian traders to navigate various interest rate climates and economic scenarios, maximizing their profit potential.
Cryptocurrencies
FP Markets offers a platform for Brazilian traders who want exposure to cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Furthermore, the unpredictable cryptocurrency market offers various opportunities for substantial price fluctuations and potential gains.
FP Markets provides attractive leverage options, allowing Brazilian traders to maximize their trading capital. In addition, the cryptocurrency market operates 24/7, allowing traders to trade whenever it suits them.
Agricultural Commodities
Various agricultural commodities, such as sugar, coffee, soybeans, and maize, are available through FP Markets. Traders in Brazil can easily benefit from the high global demand for these commodities and make a profit by strategically navigating price fluctuations.
When it comes to trading agricultural commodities, we urge traders to consider various factors such as weather patterns, supply and demand dynamics, and geopolitical influences. Exploring different leverage options can help maximize trading positions and potentially increase returns.
Energies
FP Markets allows Brazilian traders to engage in energy commodity trading, encompassing petroleum, natural gas, and crude oil. Understanding the fluctuations in energy markets can lead to potential gains from price changes.
With competitive leverage options, we believe that Brazilian traders have the opportunity to make the most of their trading capital and potentially increase their returns.
In our opinion, staying up to date on global energy market dynamics, including geopolitical events and supply-demand dynamics, allows Brazilian traders to make informed trading decisions.
Metals
As a hedge against inflation and economic uncertainty, FP Markets makes trading precious metals, including copper, gold, silver, and platinum, easier. Trading metals can help diversify portfolios and potentially lead to capital appreciation.
In our experience, exploring various leverage options can help maximize trading positions and potentially enhance returns. Industrial production, jewelry demand, and investment trends significantly impact metal demand, creating potential profit opportunities for traders in Brazil.
Forex
FP Markets allows Brazilian traders to access the forex market and trade a diverse selection of currency pairs. The forex market provides a wide range of trading opportunities due to its high liquidity and tight spreads.
By utilizing competitive leverage options, traders can effectively manage their capital and potentially enhance their returns. With the forex market open 24/5, traders have the flexibility to take advantage of global market trends, aligning with their preferences.
Indices
Brazilian traders may trade the S&P 500, FTSE 100, and Nikkei 225, among other international stock indexes, with the help of FP Markets. Trading indices offer a way to diversify your exposure and capitalize on broad market movements.
Exploring different leverage options can help maximize trading capital and potentially increase returns. With a keen eye on global market trends and economic indicators, we believe that Brazilian traders will be well-equipped to make informed decisions when trading indices.
Shares
FP Markets gives users access to a large selection of shares from international stock exchanges, including well-known businesses in various industries. Investing in shares can provide opportunities for increasing your capital and earning dividends.
In our experience in stock investing, by staying informed about individual company performance, industry trends, and market sentiment, Brazilian traders can spot profitable trading opportunities in the shares market.
FP Markets Leverage and Margin
Our review team extensively researched FP Markets’ margin and leverage products for Brazilian traders, using reliable sources, including the broker’s website and the customer agreement.
By avoiding generic data and favoring a more analytical approach, we aimed to provide a thorough and unique analysis of this topic.
We found that Brazilian traders can improve their trading positions and increase their earnings using FP Markets’ competitive leverage and margin options.
We found that traders can participate in transactions up to 500 times larger than their account balance, because FP Markets offers a leverage ratio of up to 1:500 on forex major pairs.
While this is extremely attractive, we must emphasize that traders must understand the dangers of large leverage. It can easily increase the likelihood of gains but also increase the likelihood of losses.
Therefore, before heavily relying on leverage, Brazilian traders should familiarize themselves with the markets and their own trading strategies inside and out and manage their risk wisely.
In addition to leverage, we explored the margin requirements of FP Markets. What we found is that when trading on FP Markets, Brazilian traders must maintain a minimum margin of a specific percentage of their total position value.
This rule’s purpose is to ensure that traders always have enough money to pay for their losses. Furthermore, different traded instruments have different volatility and liquidity levels, affecting the margin needs.
We greatly appreciate that FP Markets provides detailed information on their website on margin requirements.
Notably, traders must know that FP Markets can specify different margin requirements for certain account types or trading platforms. Therefore, traders should consult the broker’s website or customer agreement for accurate information specific to their account.
What indices can Brazilian traders speculate on with FP Markets?
FP Markets offers several major indices for trading, including the S&P 500, DJIA, NASDAQ, and more, suitable for Brazilian traders seeking exposure to different economic sectors.
Can Brazilian traders use leverage on commodities trading at FP Markets?
Yes, Brazilian traders can use significant leverage when trading commodities at FP Markets, enhancing their potential for higher returns and increasing risk.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets Fees
As a reputable ECN and STP broker, FP Markets offers some of the tightest spreads and lowest commissions and ensures that all trading and non-trading fees are transparent. Here’s what Brazilian traders can expect from FP Markets’ fee structure.
FP Markets Spreads
We were particularly impressed by the tight spreads offered by FP Markets. Depending on the account type, spreads can start as low as 0.0 pips.
This is especially beneficial for Brazilian traders who participate in high-frequency trading strategies, as the trading costs can significantly impact their profitability.
FP Markets Commissions
FP Markets also applies a commission fee to specific account types. For Example, the Raw Account (standard plus Islamic) requires a commission fee of $3 per side.
Overall, we believe that this fee structure can be advantageous for Brazilian traders who value transparency in knowing the precise cost of their trades in advance. It enables them to budget and manage risks more effectively.
FP Markets Overnight Fees
It is worth mentioning that FP Markets does charge swap fees. These fees are applicable for holding a position overnight and vary based on the specific financial instrument being traded, the transaction size, and the direction of the trade (whether buy or sell).
Because of this fee it’s important for Brazilian traders who prefer long-term trading strategies to be mindful of these fees, as they can affect the overall profitability of their trades.
FP Markets Deposit and Withdrawal Fees
FP Markets prioritizes efficiency and transparency in handling deposit and withdrawal fees, ensuring a smooth experience for users.
Furthermore, FP Markets boasts a straightforward process for both depositing and withdrawing funds, with fee structures that fluctuate based on the chosen payment method.
Brazilian traders can easily benefit from this streamlined approach, appreciating its ease and convenience to their trading experience.
FP Markets Inactivity Fees
Our research found that FP Markets has a commendable approach to inactivity fees. Traders who can’t trade consistently can take comfort in the fact that no inactivity fees apply to dormant accounts.
FP Markets Currency Conversion Fees
Lastly, Brazilian traders must know that currency conversion fees apply when trading with FP Markets. This is due to FP Markets not offering a BRL-denominated account but supporting BRL deposits and withdrawals.
In our experience, it’s important to consider fees when selecting a broker, as they can impact the total cost of trading.
Are there any hidden fees Brazilian traders should be wary of at FP Markets?
FP Markets prides itself on transparency. However, Brazilian traders must review the contract details for potential administrative fees, especially when trading less common instruments or using premium services.
What cost advantages does FP Markets offer Brazilian traders specifically?
FP Markets lets Brazilian traders benefit from ECN pricing, which means tighter spreads and more accurate pricing, essential for minimizing trading costs and maximizing efficiency.
FP Markets Deposits and Withdrawals
Apart from the sheer number of payment methods that FP Markets offers for deposits and withdrawals, we were extremely impressed by the fact that there are local Brazilian methods like Rapyd, Pagsmile, Neteller, and Skrill.
View the table below to get an idea of the payment methods offered and keep reading to find a general step-by-step on using each payment category.
💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
Credit/Debit Card | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | Instant – 10 days |
Bank Transfer | All | AUD, USD, EUR, GBP, SGD, CAD | 1 day |
Neteller | All | AUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USD | Instant – 1 day |
Skrill | All | AUD, CAD, EUR, GBP, INR, USD, BRL | Instant – 1 day |
Asia Banks | All | MYR, IDR, VND | Instant |
SticPay | All | JPY, EUR, GBP, USD, HKD, TWD, KRW, SGD | Instant – 2 days |
FasaPay | All | USD, IDR | Instant – 1 day |
Virtual Pay | All | KES, UGX, TSH | Instant – 1 day |
Rupee Payments | All | INR | Instant – 2 days |
Rapyd | All | BRL, MXN, COP, CLP | Instant – 2 days |
Perfect Money | All | USD | Instant – 1 day |
Pagsmile | All | BRL, CLP, COP, PEN, MXN, USD | Instant – 1 day |
Cryptocurrencies | All | ADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP, TUSD, USDC (ERC20), USDT (ERC20), USDT (TRC20), ZEC | 1 hour – 1 day |
Dragonpay | All | PHP | Instant – 1 day |
Rapid Transfer | All | EUR, DKK, SEK, HUF, GBP, PLN, NOK | Instant |
Crypto Payments (Finrax) | All | BTC, BCH, LTC, ETH (ERC20), USDT (ERC20), XLM, LINK (ERC20), XRP, USDT (TRC20), USDT (BEP20), USDC (ERC20), USDC (TRC20), USDC (BEP20) | 1 hour – 1 day |
Mybux | All | ZAR, GHS, NGN, RHF, XOF, XAF, NAD, ZMW, TZS | Instant |
XPAY | All | IDR, MYR, THB, VND | Instant – 1 day |
Apple Pay | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | Instant – 1 day |
Google Pay | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED | Instant – 1 day |
PaymentRush | All | INR | Instant |
B2Binpay | All | BTC, BCH, DASH, DOGE, ETH, LTC, TUSD, USDC, USDT (ERC20), USDT (TRC20), XRP, ZEC | 1 business day |
Thuderxpay | All | LAK | Instant |
Plusdebit / Online Banking | All | VND | Instant |
FP Markets P2P | All | VND | Instant |
Plusdebit/ QR Code | All | VND | Instant |
Plusdebit / MOMO QR Code | All | VND | Instant |
PaymentAsia (QRIS and e-Wallets) | All | IDR | Instant |
Coinspaid | All | BTC, LTC, BCH, ADA, ETH, DOGE, NEO, XRP, USDTE, USDTT, XIN, BNB, BSV, EURS, USDC, TRX, XED, DAI | 1 business day |
Broker to Broker | All | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | 1 business day |
Domestic Bank Wire | All | AUD | 1 business day |
International Bank Wire | All | AUD | Up to 5 days |
Online Banking | All | IDR | Instant |
FP Markets Deposits
How to Deposit using Bank Wire Step by Step
- Access your FP Markets trading account and locate the ‘Funding’ or ‘Deposit’ section.
- Choose ‘Bank Wire’ as your preferred deposit method.
- Get the banking information from FP Markets for the bank wire transfer.
- Initiate a bank wire transfer from your bank using the details provided by FP Markets.
- Retaining a copy of the transfer receipt or confirmation is important for your personal records and potential verification purposes.
How to Deposit using Credit or Debit Card Step by Step
- Please navigate to your FP Markets account and locate the deposit section.
- Select ‘Credit or Debit Card’ from the available deposit methods.
- Provide your card information, including the card number, expiration date, CVV code, and deposit amount.
- Please confirm the transaction. You might need to go through a verification process with your bank.
How to Deposit using Cryptocurrency Step by Step
- To deposit in your FP Markets account, locate the deposit option and choose ‘Cryptocurrency.’
- Select the cryptocurrency you want to deposit.
- FP Markets will provide a unique wallet address for the deposit.
- Use your personal crypto wallet to transfer the funds to the designated FP Markets wallet address using the address FP Markets provided.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Access your FP Markets account and navigate to the deposit section.
- Choose an e-wallet or payment gateway such as Skrill, Neteller, Pagsmile, or Rapyd.
- You will be directed to the page of the e-Wallet or payment gateway where you can log in and verify the payment.
- Provide the desired deposit amount and confirm the transaction.
FP Markets Withdrawals
How to Withdraw using Bank Wire Step by Step
- To access your FP Markets account, simply navigate to the ‘Withdrawal’ section.
- Consider selecting ‘Bank Wire’ as your preferred withdrawal method.
- Provide your bank account information, including your name, number, and bank SWIFT code.
- Enter the amount you would like to withdraw in the required field.
- Submit your request to FP Markets.
How to Withdraw using Credit or Debit Cards Step by Step
- Visit the withdrawal section in your FP Markets account.
- Choose the ‘Credit or Debit Card’ option for your withdrawal.
- Select the card you used for a deposit or enter the details of a new card.
- Please provide the amount you would like to withdraw.
- Submit your withdrawal request for processing.
How to Withdraw using Cryptocurrency Step by Step
- To access the withdrawal section of your FP Markets account, simply choose ‘Cryptocurrency.’
- Select the cryptocurrency you wish to withdraw to.
- Provide your personal wallet address for the cryptocurrency.
- Enter the amount you want to withdraw.
- Confirm the transaction and submit the withdrawal request.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Find your way to your FP Markets account’s ‘Withdrawal’ section.
- Choose the e-wallet or payment gateway that suits you best.
- You may need to log into your e-wallet or payment gateway account to confirm the withdrawal.
- Enter the amount you would like to withdraw and proceed with the transaction.
What should Brazilian traders know about FP Markets’ anti-money laundering policies?
FP Markets adheres to strict anti-money laundering policies that require all funds to be withdrawn to the same source from which they were deposited and necessitate full identity verification of all account holders.
Is there a limit on the amount Brazilian traders can withdraw from FP Markets?
No. There is no set limit on the amount that can be withdrawn, but transactions must adhere to the terms set by the chosen withdrawal method and any regulatory requirements.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets Education and Research
Live Support
FP Markets’ dedication to Brazilian traders is remarkable, and their live help is second to none.
We find it clear that this resource is designed to meet the unique requirements of Brazilian traders, offering prompt responses to any questions they have about trading. This gives traders peace of mind, as they can always get assistance when they need it while they navigate the difficult market.
Forex Calculator
The Forex Calculator from FP Markets was an outstanding resource for us. Created specifically for Brazilian traders, this application gives them all the data they need to make smart choices.
The Forex Calculator helps traders enhance their trading methods and successfully manage risk by calculating pip value and predicting possible profit or loss.
FAQ
We are quite impressed by the thoroughness and accessibility of FP Markets’ FAQ area. This comprehensive guide to trading, account administration, and platform features was created with Brazilian traders in mind.
Traders can traverse the markets with confidence and clarity because of its user-friendly style, which gives them quick and simple access to crucial data.
Technical Analysis
FP Markets’ powerful technical analysis tools allow Brazilian traders to confidently and accurately assess market patterns, which left a lasting impression on us.
These tools provide invaluable information that improves traders’ decision-making abilities, from detecting trading opportunities to comprehending price changes. In our opinion, these tools are crucial for successfully navigating the ever-changing financial markets.
Economic Calendar
Timely economic forecasts are essential for Brazilian traders, and FP Markets’ Economic Calendar is a standout tool for this purpose.
To prepare for potential market volatility, traders can use this tool, which gives them access to important economic events and data. Therefore, thanks to this tool’s comprehensive coverage, traders are always well-informed about the underlying elements impacting market patterns.
VPS
We’ve had an outstanding experience with the Virtual Private Server (VPS) hosting with FP Markets. This resource provides dependability, security, and smooth connectivity for automated trading operations; it was designed to fulfill the demands of traders in Brazil.
Traders can easily execute transactions with confidence and precision because of its low latency, which guarantees optimal performance.
MAM/PAMM
The MAM/PAMM solutions offered by FP Markets can be a lifesaver for Brazilian traders juggling several trading accounts.
Whether you’re a portfolio manager or a trader with diverse assets, these tools make risk management and trade allocation easier and more flexible. We consider these accounts and options essential when it comes to improving trading operations.
AutoChartist
We truly appreciate how FP Markets integrated with AutoChartist, a platform that gives Brazilian traders access to cutting-edge technical analysis and pattern detection technologies.
Using this resource, traders can understand market trends and volatility better, which in turn helps them find trading opportunities. We believe AutoChartist is a great tool for traders who want to maximize their trading opportunities.
Trading Central
Thanks to FP Markets’ partnership with Trading Central, Brazilian traders may now access in-depth technical analysis and professional research, enhancing their trading journey with valuable market knowledge and practical insights.
This resource provides traders with the knowledge they want to keep ahead of market trends and make educated decisions, from thorough research reports to price projections and trading signals.
Trading Knowledge
The wealth and depth of instructional materials accessible to Brazilian traders astounded us during our investigation of FP Markets’ trading knowledge resources.
Trading, technical analysis, and risk management are just a few topics covered in these articles, tutorials, and webinars. Furthermore, FP Markets’ insights are extremely valuable, allowing Brazilian traders to hone their craft and confidently traverse markets.
Fundamental Analysis
The fundamental research tools provided by FP Markets provide Brazilian traders with a full set of instruments for assessing economic data and market events.
This resource is created to help traders make decisions based on basic variables by giving them insights into the larger economic environment. We think they are indispensable when it comes to keeping up with the ever-changing dynamics of the market.
Traders Hub Blog
FP Markets’ Traders Hub Blog stands out as a helpful resource for Brazilian traders looking for instructional and interesting articles on trading subjects.
This site provides traders much information, including market analysis, trading tactics, and current trends.
Trader’s Hub
The Trader’s Hub at FP Markets is an excellent site that provides Brazilian traders with many tools and comprehensive information; while reviewing FP Markets, we’ve had nothing but an immersive and dynamic experience with the Hub.
This one location offers everything traders require, including market research, trading alerts, and instructional resources. Furthermore, its social trading feature fosters collaboration and knowledge sharing among traders, creating a vibrant and supportive trading community.
What types of educational resources does FP Markets offer to Brazilian traders?
FP Markets provides a comprehensive suite including webinars, online courses, eBooks, glossaries, and advanced trading guides designed to cater to novice and experienced Brazilian traders.
Are any risk management education tools available at FP Markets for Brazilian traders?
Yes. FP Markets offers extensive resources on risk management including how to use leverage effectively, setting stop-loss orders, and the importance of maintaining appropriate margin levels.
FP Markets Bonuses and Promotions
FP Markets has created an exclusive rewards program for its affiliates in Brazil. The company has implemented a cashback rebates program to provide additional incentives to Brazilian traders instead of offering direct bonuses or promotions.
This program is designed to incentivize affiliates and traders in the region. The rewards are quite generous, with a $200 commission for every new client an affiliate brings in. In addition, traders who are referred by affiliates are eligible to receive a rebate of $1.25 for every lot they trade.
FP Markets utilizes cutting-edge technology to closely monitor the activities of traders referred by affiliates in real-time, ensuring fairness and effectiveness.
This approach promotes transparency and offers Brazilian affiliates a dedicated platform to monitor their performance and earnings from rebates easily.
We believe this program is particularly advantageous for Introducing Brokers (IBs) as they receive timely commission payments that grow as their referred clients engage in more trading activities.
FP Markets’ cashback rebates initiative is designed to lower trading costs for affiliates and traders in Brazil, ultimately boosting their potential earnings. It also offers affiliates a range of marketing tools and resources to make it easier to attract new clients.
With these features, the cashback rebates program offered by FP Markets presents a great opportunity for Brazilians to efficiently participate in the foreign exchange market. It allows for minimal initial investment while maximizing potential returns.
FP Markets Affiliate Programs
Considering all that we’ve discovered in our review, we can confidently say that FP Markets stands out as an extremely attractive broker to partner with. We explore the FP Markets affiliate program in detail for Brazilians below and give traders the steps to register with the broker.
Features
After conducting a comprehensive analysis of FP Markets’ affiliate program, we were highly impressed by its remarkable features. It provides Brazilian traders and partners with innovative and lucrative opportunities.
FP Markets, in our experience, is an esteemed Australian Forex & CFD broker that designed its affiliate program to cater to diverse digital marketers, bloggers, and website owners, offering them a powerful platform to maximize their online influence.
The FP Markets affiliate program offers a unique Hybrid Program that combines the benefits of both cost-per-acquisition (CPA) and revenue-sharing models.
We believe this approach ensures that affiliates are rewarded for bringing in new clients and the trading volume generated by these referred clients.
Furthermore, this setup is especially beneficial because it creates a more reliable source of income, compensating Brazilian affiliates for their referrals’ ongoing trading activities.
The program utilizes advanced technology to monitor business performance, streamline client onboarding, and nurture long-term client relationships.
This technology provides real-time tracking capabilities, enabling Brazilian affiliates to stay informed about their referrals’ activities and earnings. Access to such transparency and control is extremely valuable for affiliates who want to fine-tune their strategies and optimize their earnings.
Another unique element we discovered is that FP Markets is dedicated to offering its affiliates a wide range of marketing tools and resources to support their success.
The broker provides partners with a comprehensive range of marketing materials, including banners, landing pages, eBooks, and webinars, to easily attract new clients to the FP Markets trading platform.
Overall, we could see that the FP Markets affiliate program is designed to cater to partners from different regions, with tiered commission rates considering various countries’ economic conditions.
This comprehensive approach guarantees that affiliates worldwide can participate and reap the rewards of the program, making it an attractive and inclusive choice for a wide variety of online professionals.
How to Register an Affiliate Account with FP Markets Step-by-Step.
Brazilians who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Select the Partner Option
Access the official website of FP Markets and navigate to the “Partners” section from the homepage.
👉Step 2 – Select Join Now
Take your time reading over the information offered about the program. If you’re happy with what’s being offered, find and click on the “Join Now” banner on the affiliate website. This starts the registration procedure.
👉Step 3 – Complete Registration
Complete the registration form comprehensively by providing personal, contact, professional, and other information. Attach any relevant documentation for identity verification when completing the registration process. Before proceeding, thoroughly study and accept the terms and conditions of the FP Markets affiliate program. After submitting the registration form, wait for an email confirmation from FP Markets.
Can Brazilian traders participate in the FP Markets CPA Affiliate Programme?
Yes, Brazilian traders can participate in the FP Markets CPA Affiliate Programme and earn commissions by referring new traders.
What tools does FP Markets provide to its affiliates for promotion?
FP Markets provides its affiliates various tools, including a dedicated Affiliate Portal, customized offers, and digital marketing materials.
FP Markets Customer Support
Customer Support
📞Customer Support | 🗣️Customer Support |
⏰Operating Hours | 24/7 |
🗣️Support Languages | Multilingual |
🗨️Live Chat | Yes |
📧Email Address | Yes |
📞Telephonic Support | Yes |
🌟The overall quality of their Support | 4/5 |
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 |
Can I get technical trading support from FP Markets Customer Support?
Yes, FP Markets Customer Support provides technical trading support, assisting traders with platform and trading-related queries.
Can I contact FP Markets anytime during the day, even over weekends?
Yes, you can. FP Markets offers 24/7 customer support to its traders through various channels.
FP Markets Social Responsibility
One of the most notable ways in which FP Markets has been working to increase its CSR initiatives is through a substantial partnership with Cricket Brasil.
The Youth Development Programme of Cricket Brasil is a critical component in the country’s talent pipeline, and this cooperation will help fund its educational possibilities, infrastructural improvements, and community service initiatives.
This initiative includes funding university education for project leaders, constructing an indoor school and high-performance center in Poços de Caldas, and supporting local development officers to expand cricket’s impact within the community.
We believe that this collaborative initiative aims to promote cricket in Brazil and strives to foster essential values such as respect, leadership, and community spirit among the youth.
Overall, from what we can see, FP Markets is committed to corporate social responsibility, demonstrating its strong desire to impact society and the environment positively.
Conclusion
After researching FP Markets extensively as a possible option for Brazilian traders, we discovered that it is an outstanding broker with a diverse set of services and a solid trading environment.
Trading with FP Markets is efficient and transparent since the broker uses an ECN and STP brokerage model, which gives Brazilian traders access to the market’s actual prices.
Our research shows that FP Markets provides traders with a wide variety of trading options, including 60+ currency pairings and a wide array of CFDs.
Furthermore, you can improve your trading experience with the help of IRESS and other sophisticated trading platforms like MetaTrader 4 and 5.
These platforms offer all the tools you need to execute your plan effectively. Traders of all experience levels can easily improve their trading abilities and keep up with market fluctuations with the help of the included instructional materials and daily market analysis.
However, we must mention a few restrictions that Brazilian traders should be aware of. While FP Markets is well-regulated, the broker doesn’t have local licenses in Brazil. This could deter traders who prefer locally-regulated brokers to ensure that disputes are sorted out correctly.
Furthermore, while FP Markets supports local deposit and withdrawal methods from Brazil along with BRL as an accepted currency, the broker doesn’t offer a BRL-denominated account. This can lead to costly currency conversion fees for Brazilians.
However, despite these limitations, our review shows that FP Markets has built confidence and dependability through its open operational approach and adherence to global regulatory norms, which include monitoring from credible authorities.
Therefore, if Brazilian traders are looking for a broker that complies with regulations worldwide, has competitive trading conditions, and fosters a friendly trading atmosphere, then FP Markets is a strong contender.
FP Markets User Comments and Reviews
FP Markets has thousands of clients that have written reviews on popular sites. We’ve examined a few of these to provide some of the top and most recent user comments:
- “FP Markets is a great place to trade forex and CFDs for a low price. The cTrader tool they offer has been easy for me to use.”
- “FP Markets’ customer service gave me some trouble. It looks like they care more about getting reviews than helping people. But all in all, it’s been a good experience.”
- “I’ve been using FP Markets to trade since a few months ago. Their customer service is always willing to help, and I’ve heard good things about how they do business.”
- “Trading forex and CFDs with FP Markets is a cheap choice. It has been easy for me to use their MetaTrader software.”
- “Had a few problems with FP Markets’ customer service. It seems like they care more about getting reviews than helping. Things have been okay, though.”
- “I’ve always been able to trust FP Markets as a supplier. ASIC keeps an eye on them, which makes me feel safe. I haven’t had any big problems trading.”
Our Recommendations on FP Markets
FP Markets stands out from the competition as a suitable broker for Brazilians and their comprehensive offer shows this. However, based on our review, there are a few recommendations on how FP Markets can improve its overall offer:
- Increasing interaction with the local trading community through online forums, Portuguese-language social media, and sponsorship of local trading events could strengthen the FP Markets user community in Brazil.
- While FP Markets provides a variety of trading platforms and tools, adding sophisticated analytical tools tailored to the Brazilian market, such as local stock indices and commodities insights pertinent to the Brazilian economy, could help traders make better decisions.
- While FP Markets accepts Brazilian Real (BRL) deposits via various payment methods, it does not yet provide BRL-denominated trading accounts. Introducing BRL-denominated accounts could streamline the trading process for Brazilian traders by eliminating the requirement for currency translation, lowering transaction costs and exchange rate risks.
- Establishing a local office in Brazil with a specialized support team could lead to more personalized customer service and increased confidence among local traders. This presence could also allow for seminars, training, and other instructional activities to help Brazilian traders better grasp forex markets and FP Markets’ trading platforms.
- FP Markets already offers support in Portuguese, but expanding it to cover all customer service touchpoints, detailed trading materials, and full website translation could dramatically improve the user experience for Portuguese-speaking traders.
- Given Brazil’s high mobile usage rates, improving mobile trading systems to make them more robust, intuitive, and feature-rich could attract younger traders.
- Tailoring marketing and incentive offers to Brazilian holidays and key local events could help traders interact more effectively and build platform loyalty.
Our Insight
They offer such products as currency pairs, stocks, commodities, or even cryptocurrencies. FP Markets has a strong reputation for user-friendly platforms, competitive fees, and a wide range of tradable assets. Also highly rated are its educational resources and research tools.
FP Markets Pros & Cons
✅Pros | ❌Cons |
Brazilians can expect transparent trading conditions across markets and account types | FP Markets’ research and education is limited compared to other brokers |
FP Markets offers an impressive suite of powerful trading platforms spread across mobile apps, desktop platforms, and browser-based interfaces | There is a monthly fee charged on IRESS |
Two Islamic Account options suit different traders, with the benefit that swap fees are waived | FP Markets does not offer a BRL-denominated account to Brazilians |
FP Markets is well-known, highly regarded, and well-regulated, making it a trustworthy option for all Brazilian traders | There are some reports about issues faced with customer support |
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Frequently Asked Questions
Is FP Markets regulated in Brazil?
No, FP Markets is not directly controlled in Brazil. However, FP Markets is overseen by respected regulators like ASIC, CySEC, and several others.
Does FP Markets provide social or copy trading services for Brazilian traders?
Yes, FP Markets provides copy trading, which lets Brazilian traders copy the strategies of professional traders. However, traders must note that success is not guaranteed when they participate in social trading.
Is there a minimum deposit for Brazilian traders on FP Markets?
Yes. Brazilians must deposit at least 333 BRL (AU$100) with FP Markets. This minimum deposit remains the same across all account types.
Can I deposit and withdraw monies in Brazilian real (BRL)?
Yes, FP Markets accepts BRL transactions, giving ease and potential savings on currency conversion expenses for Brazilian traders.
Can I trade the Brazilian real (BRL) using FP Markets?
No. FP Markets does not yet provide a BRL account option. This could result in currency conversion fees for Brazilian traders.