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FP Markets review

FP Markets Review

Overall, FP Markets is considered low-risk, with an overall Trust Score of 82 out of 100. FP Markets is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and zero Tier-3 Regulators (low trust). FP Markets is currently not regulated by the bank of Namibia

Updated : July 6, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 100 / 1,100 NAD

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

FP Markets Overview

FP Markets Review Overview Namibia

 

👉 FP Markets offers four different retail trading accounts namely an MT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, and a MT 4/5 Islamic Raw Account.

 

👉 FP Markets accepts Namibian clients and has an average spread from 0.0 pips with US$6 commission round turn ($3 per side). FP Markets has a maximum leverage ratio up to 1:500 and there is a demo and Islamic account available. MT4, MT5, Myfxbook, FP Markets platforms are supported. FP Markets is headquartered in Australia and is regulated by ASIC and CySEC.

 

👉 FP Markets is a well-established and licensed broker that provides a broad range of 10,000+ financial products for you to trade across a variety of global markets, including forex, stocks, cryptocurrencies, and contracts for difference (CFDs).

 

👉 Namibian traders can depend on FP Markets to deliver dependable and industry-leading trading conditions, which include strong and sophisticated platforms with clear pricing, narrow spreads, rapid execution speeds, and unbelievably cheap trading prices.

 

👉 FP Markets’ objective is to give the ideal trading experience to all sorts of traders, regardless of their investment amount or past trading experience. The company is dedicated to understanding the needs of traders.

 

👉 In addition, FP Markets makes use of the most up-to-date technology to guarantee that ECN pricing is maintained in all market situations.

 

👉 This FP Markets review for Namibia will provide local retail traders with the details that they need to consider whether FP Markets is suited to their unique trading objectives and needs.

 

FP Markets Distribution of Traders

FP Markets Review Distribution of Traders Namibia

 

👉 FP Markets currently has the largest market share in these countries:

➡️️ Italy – 14.3%

➡️️ India – 13.1%

➡️️ Australia – 12.2%

➡️️ United Kingdom – 5.6%

➡️️ Spain – 5.5%

 

Popularity among traders who choose FP Markets

🥇 While FP Markets does not have a dominant position in the Namibian forex industry, the broker is nevertheless considered to be among the top 50 forex brokers for Namibian investors.

 

FP Markets At a Glance

🏛 HeadquarteredAustralia
🏙 Local office in Windhoek?No
✅ Accepts Namibian Traders?Yes
🗓 Year Founded2005
📞 Namibian Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
• Telegram
⚖️ RegulationASIC, CySEC



🪪 License Number• Australia – ABN 16112600281
• Cyprus – 371/18
⚖️ BoN RegulationNone
🚫 Regional RestrictionsUnited States, Japan, New Zealand
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts7
📊 PAMM AccountsYes
🤝 Liquidity ProvidersBarclays, BNP Paribas, Commerzbank, Credit Suisse, Goldman Sachs
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spread0.0 pips
📞 Margin Call100%
🛑 Stop-Out50%
✅ Crypto trading offered?Yes
💰 Offers a Namibian shilling Account?No
👨‍💻 Dedicated Namibia Account Manager?No
📊 Maximum Leverage1:500

🚫 Leverage Restrictions for Namibia?No
💰 Minimum Deposit (NAD)1,100 NAD (equivalent to AU$100)
✅ Namibian Dollar Deposits Allowed?Yes
📊 Active Namibian Trader Stats150,000+
👥 Active Namibian-based FP Markets customersUnknown
💳 Namibia Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💵 Deposit and Withdrawal Options• Debit Card
• Credit Card
• Domestic Bank Wire
• International Bank Wire
• Neteller
• Skrill
• Fasapay
• PayTrust
• Dragonpay
• Perfect Money
• Cryptocurrency
• MPSA
• FairPay
• Paylivre
• Finrax
• Sticpay
• Rupee Payments
• Rapid
• PlusDebit
🏦 Segregated Accounts with Namibian Banks?No
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
• WebTrader
• Myfxbook AutoTrade
• FP Markets App
✔️ Tradable Assets• Forex
• Shares
• Metals
• Commodities
• Indices
• Cryptocurrencies
• Bonds
💸 Offers USD/NAD currency pair?No
📈 USD/NAD Average SpreadN/A
📉 Offers Namibian Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, Russian
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/7
👥 Namibian-based customer support?No
✅ Bonuses and Promotions for NamibiansNone
📚 Education for Namibian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Namibian TraderMichael Amushelelo (Net Worth Unknown)
✅ Is FP Markets a safe broker for Namibians?Yes
📊 Rating for FP Markets Namibia9/10
🤝 Trust score for FP Markets Namibia81%
👉 Open an account👉 Open Account

FP Markets Regulation and Safety of Funds

FP Markets Review Regulation and Safety Namibia

 

FP Markets Regulation in Namibia

👉 While accepting of Namibian clients, FP Markets is not regulated by the market regulator in Namibia. However, FP Markets is well regulated by other reputable, top-tier entities.

 

FP Markets Global Regulations

👉 In the worldwide CFD and FX market since 2005, FP Markets has established itself as a prominent player in the industry. The Australian Securities and Investments Commission (ASIC) is one of two regulatory agencies responsible for broker operations in Australia.

 

👉 The Cyprus Securities and Exchange Commission (CySEC) oversees broker operations in the European Union. Because our firm is based in St. Vincent and the Grenadines, FP Markets can confidently state that they have a worldwide presence.

 

FP Markets Client Fund Security and Safety Features

👉 For more than a decade, FP Markets has worked hard to establish itself as one of the finest forex brokers in the world by providing traders with an exceptional trading environment.

 

👉 To ensure that investors are protected, FP Markets has a dedicated compliance and customer support staff that operates according to ASIC laws.

 

👉 Top-tier banks use segregated accounts to keep client funds separate from broker operational funds, ensuring that the money cannot be used for any other purpose. Consumers of ASIC and St. Vincent do not have negative balance protection, in contrast to customers of CySEC.

 

FP Markets Awards and Recognition

👉 In recognition of its customer service and execution technology, FP Markets has garnered more than 40 awards and recognitions.

FP Markets Account Types and Features

FP Markets Review Account Types Namibia

 

👉 Namibian traders may choose from four different live trading accounts, each of which is tailored to the needs of a different kind of trader with varying levels of competence. The following are the live accounts that are available through FP Markets:

➡️ MT4/5 Standard Account

➡️ MT4/5 Raw Account

➡️ MT4/5 Islamic Standard Account

➡️ MT4/5 Islamic Raw Account

 

Live Trading Accounts

MT4/5 Standard Account

👉 This account is designed for Namibian traders looking for basic, competitive trading conditions at a reasonable price.

Account FeatureValue
💰 Minimum Deposit1,100 NAD or an equivalent to AU$100
📊 Average SpreadsVariable, from 1 pip
✔️ Instruments Available60+ Forex pairs, metals, indices, commodities
📈 Maximum Leverage Ratio1:500
📱 Execution TypeECN
💵 CommissionsNone
👥 Expert Advisors Offered?Yes
📲 Mobile App Offered?Yes
✔️ VPS Available?Yes

 

MT4/5 Raw Account

👉 There are two ways to open this account: via MetaTrader 4 or 5 and it will provide you with the lowest possible spreads, access to a large selection of markets, and cheaper commissions.

Account FeatureValue
💰 Minimum Deposit1,100 NAD or an equivalent to AU$100
📊 Average SpreadsVariable, from 0.0 pips

✔️ Instruments Available60+ Forex pairs, metals, indices, commodities
📈 Maximum Leverage Ratio1:500
📱 Execution TypeECN
💵 CommissionsUS$3 per side

👥 Expert Advisors Offered?Yes
📲 Mobile App Offered?Yes
✔️ VPS Available?Yes

 

MT4/5 Islamic Standard Account

👉 In addition to offering competitive trading conditions and a diverse variety of trading products and techniques, this account is ideal for Muslim traders in Namibia.

Account FeatureValue
💰 Minimum Deposit1,100 NAD or an equivalent to AU$100
📊 Average SpreadsVariable, from 1 pip

✔️ Instruments Available60+ Forex pairs, metals, indices, commodities
📈 Maximum Leverage Ratio1:500
📱 Execution TypeECN
💵 CommissionsNone

👥 Expert Advisors Offered?Yes
📲 Mobile App Offered?Yes
✔️ VPS Available?Yes

 

MT4/5 Islamic Raw Account

👉 Traders that want to minimize overnight fees, including high-frequency traders, day traders, algorithmic traders, and other professional traders, can benefit from this account.

Account FeatureValue
💰 Minimum Deposit1,100 NAD or an equivalent to AU$100
📊 Average SpreadsVariable, from 1 pip

✔️ Instruments Available60+ Forex pairs, metals, indices, commodities
📈 Maximum Leverage Ratio1:500
📱 Execution TypeECN
💵 CommissionsUS$3 per side

👥 Expert Advisors Offered?Yes
📲 Mobile App Offered?Yes
✔️ VPS Available?Yes

 

FP Markets Base Account Currencies

👉 In comparison to other brokers, FP Markets provides clients with access to a wider variety of base currencies. However, FP Markets company does not make accounts available that are denominated in NAD.

 

FP Markets Demo Account

FP Markets Review Demo Account Namibia

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and FP Markets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 For those interested in trying out the platform, FP Markets provides a demo account with $100,000 in virtual money, or an equivalent in your base account currency.

 

👉 Demo accounts are designed to replicate the circumstances that would exist on a real account, and traders may select between the Standard and Raw Accounts on both MT4 and MT5 platforms.

 

👉 Demo accounts are a wonderful opportunity to get some experience in trading before putting your actual money at risk. Demo accounts at FP Markets are limitless and will not expire unless they are inactive for more than 30 days.

 

FP Markets Islamic Account

FP Markets Review Islamic Account Namibia

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Muslim Namibian traders who want to use an Islamic Account may choose between two types of accounts: standard and raw. Islamic traders can therefore take advantage of the favourable trading conditions and bonuses offered by these accounts.

How to open an Account with FP Markets

👉 It is simple to establish an account with FP Markets since the procedure is digital and straightforward to follow. Additionally, the application is processed and approved on the same day or within 1-2 business days, allowing you to begin trading as soon as possible.

 

👉 To register an account with FP Markets, Namibian traders can follow these steps:

 

👉 Step 1 – Go to the official FP Markets website 

 

➡️ Go to the official FP Markets website and click on “Quick Start”. Now click on “Open Live” or “Try Demo”, whichever account you want to open. 

FP Markets Review Account Registration Step 1

 

👉 Step 2 – Fill Out Your Details

 

➡️ Now fill out your personal details such as email, first and last name, country of residence, and gender. 

FP Markets Review Account Registration Step 2

 

👉 Step 3 – Verify Your Account

 

➡️ You can now verify your account by clicking on the link sent to your email address. Once verified you can now trade with your account. 

FP Markets Review Account Registration Step 3

Overall Rating

Min Deposit

USD 100 / 1,100 NAD

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

FP Markets Vs AvaTrade Vs OANDA – Broker Comparison

FP MarketsAvaTradeOANDA
⚖️ RegulationASIC, CySEC

Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISAIIROC, ASIC, CFTC, NFA, FCA, FFAJ, MAS, MFSA
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• WebTrader
• Myfxbook AutoTrade
• FP Markets App
• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
• MetaTrader 4
• MetaTrader 5
• OANDA Web
• OANDA Mobile
💰 Withdrawal FeeYesNoNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit1,100 NAD1,500 NAD0 NAD
📈 Leverage1:5001:4001:200
📊 Spread0.0 pips

Fixed, from 0.9 pipsVariable, from 0.1 pips
💰 CommissionsFrom US$3None40 USD
✴️ Margin Call/Stop-Out100%/50%25%/10%Stop-out of 50%
✴️ Order ExecutionMarketInstantMarket
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• MT4/5 Standard Account
• MT4/5 Raw Account
• MT4/5 Islamic • Standard Account
• MT4/5 Islamic Raw Account
• Standard Live Account
• Professional Account Option
• Standard Account
Core Account
• Swap-Free Account
⚖️ BoN RegulationNoneNoNo
💳 NAD DepositsYesNoYes
📊 Namibian Dollar AccountNoNoNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts413
☪️ Islamic AccountYesYesYes

FP Markets Trading Platforms

FP Markets Review Trading Platforms Namibia

 

👉 FP Markets offers Namibian traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ WebTrader

➡️ Myfxbook AutoTrade

➡️ FP Markets App

 

Desktop Platforms

FP Markets Review Desktop Platforms Namibia

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4

👉 MetaTrader 4 is a popular choice among forex traders in Namibia because it provides real-time market pricing and speedy transaction execution.

 

👉 Aside from that, FP Markets offers advanced charting tools, a diverse collection of technical indicators, as well as the most recent market news and technical analysis, all accessible via the desktop interface, guaranteeing that Namibian consumers enjoy an exceptional trading experience.

 

MetaTrader 5

👉 MetaTrader 5 is a multi-asset trading platform designed specifically for forex and contract for difference (CFD) trading. Trading in Forex, stocks, metals, commodities, indices, and cryptocurrencies is a breeze when using the MT5 platform from FP Markets, which is available for Windows, Linux, and macOS X.

 

WebTrader Platforms

FP Markets Review WebTrader Platforms Namibia

 

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Myfxbook AutoTrade

 

MetaTrader 4

👉 With MetaTrader 4, the trading platform may be accessed from any computer or mobile device that has a web browser installed. WebTrader is a web-based trading platform that is available for both Windows and Mac users who want to trade using web browsers such as Google Chrome.

 

👉 The use of a strong programming language makes it easy to develop automated trading strategies that can be implemented instantaneously using the MetaTrader 4 platform.

 

👉 No other platform can compete with the easy, customisable user experience of MetaTrader online when it comes to foreign currency conversion and trading.

 

MetaTrader 5

👉 MetaTrader 5 has the added benefit of providing a great degree of adaptability. FP Markets is compatible with a variety of operating systems, including Mac OS. Any major web browser may be used to access WebTrader, a web-based trading platform.

 

👉 It is a satisfactory solution for Namibian traders who use EAs like AutoChartist to trade on MetaTrader 5 with FP Markets’ fast execution and cheap spreads. Forex and CFD traders may improve their accuracy by using automated trading systems like AutoTrade.

 

👉 Customers of FP Markets can easily connect to the MetaTrader 5 platform through WebTrader, giving them a wide range of options. Namibians do not need to download or install any software to trade from any browser.

 

Myfxbook AutoTrade

👉 Mirroring service for foreign exchange transactions There is no disputing the fact that AutoTrade is the finest in the industry. Customers of FP Markets may use advanced copy trading techniques to replicate traders with a proven track record.

 

👉 MetaTrader 4 (MT4) live account users of FP Markets may use the AutoTrade tool to look at the prior performance of trading strategies and then reproduce them in their accounts. Because AutoTrade is specifically designed for the MetaTrader 4 trading platform, it is ideal for scalping.

 

👉 A configurable user interface and outstanding trading statistics are just two of the many features available in Myfxbook AutoTrade.

 

Trading App

FP Markets Review Trading App Namibia

 

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ FP Markets App

 

MetaTrader 4 and 5

👉 The software for smartphones has evolved as the devices have become more popular. Mobile trading versions of MT4 may be downloaded from the App Store and Google Play for both Android and iOS devices. Forex traders may easily access the global market on their iPhones, iPads, and other application-based devices.

 

👉 Additionally, Namibian traders may do market research on the MetaTrader 5 trading program website, which is growing in functionality. Lastly, comprehensive charting and technical analysis tools are included, as well as currency indicators and better pending order capabilities.

 

FP Markets App

👉 FP Markets also provides Namibian traders access to its proprietary Android and iOS app for trading forex, commodities, commodities indexes, equity indices, futures, and cryptocurrencies. With the FP Markets app, Namibian traders have access to a wide variety of instruments, the greatest functionality, a variety of features, and more.

 

FP Markets Range of Markets

FP Markets Review Range of Markets Namibia

 

👉 Namibian traders can expect the following range of markets from FP Markets:

➡️ Forex

➡️ Shares

➡️ Metals

➡️ Commodities

➡️ Indices

➡️ Cryptocurrencies

➡️ Bonds

Broker Comparison for Range of Markets

FP MarketsAvaTradeOANDA
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoYesNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesNo
➡️️​ OptionsNoYesNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoYesYes

Overall Rating

Min Deposit

USD 100 / 1,100 NAD

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

FP Markets Trading and Non-Trading Fees

Spreads

FP Markets Review Spreads Namibia

 

👉 Spreads offered by FP Markets will vary by account type and financial instrument. With variable spreads, traders can anticipate changes according to certain factors along with the overall market circumstances throughout the trading day, which may lead spreads to grow or fall.

 

👉 FP Markets’ typical spreads are as follows:

➡️ MT4/5 Standard Account – 1 pip EUR/USD

➡️ MT4/5 Raw Account – 0.0 pips EUR/USD

➡️ MT4/5 Islamic Standard Account – 1 pip EUR/USD

➡️ MT4/5 Islamic Raw Account – 0.0 pips EUR/USD

 

Commissions

FP Markets Review Commissions Namibia

 

👉 Commissions are a fixed cost that FP Markets charges for facilitating deals. The typical commission rates are as follows:

➡️ MT4/5 Raw Account – US$3 per side

➡️ MT4/5 Islamic Raw Account – US$3 per side

 

Overnight Fees, Rollovers, or Swaps

FP Markets Review Overnight Fees Namibia

 

👉 FP Markets displays all exchange costs for each instrument on their website, which is a positive demonstration of openness. To calculate swap costs, FP Markets uses the current bank interest rates plus a modest markup to account for facilitating the trade.

 

👉 With regards to computing overnight fees, the trading platforms’ timestamp is used by FP Markets, which implements these fees at the stroke of midnight. Overnight fees are only applied to positions that have been open for more than 24 hours, and they can be either negative or positive based on the interest rate difference between the two currencies.

 

👉 Investors in certain currency pairings should keep an eye on the likelihood of negative exchange rates. Instead of having traders worry about swap calculation, MetaTrader 4 and 5 take care of it automatically.

 

👉 As part of FP Markets’ overnight cost calculation, they use a standard lot size of 100,000 base units for each currency pair. Namibian traders who trade through FP Markets can expect the following overnight fees:

➡️ EUR/USD – a long swap of -5.50 and a short swap of 0.38

➡️ BTC/USD – a long swap of -20.00 and a short swap of -20.00

➡️ US100 – a long swap of -1.07 and a short swap of -0.94

➡️ XAG/USD – a long swap of -1.36 and a short swap of -0.78

➡️ XAU/USD – a long of -4.88 and a short swap of -1.82

 

Deposit and Withdrawal Fees

👉 There are no costs for Namibian traders to open a trading account with FP Markets. However, costs for withdrawals are outlined in this manner:

➡️ International Bank Wire other than AUD – 10 AUD

➡️ Neteller – 2% up to 30 USD in addition to country fees

➡️ Skrill – 1% and country fees

➡️ Fasapay – 0.50%

➡️ PayTrust – 1.5%

➡️ Dragonpay – 1.5%

➡️ Perfect Money – 0.5%

➡️ Asian, African, and Latam Payments – 2%

➡️ Cryptocurrency Payments – Blockchain fees

➡️ MPSA – 7.25%

➡️ FairPay – 0.5% plus an additional flat fee of 10 USD

➡️ Paylivre – 1.5%

➡️ Finrax – Blockchain fees

➡️ Sticpay – 5% for bank wire and 2.5% for wallet fees

➡️ Thai Pay – 0.5%

 

Inactivity Fees

👉 A positive thing about FP Markets is that there is no inactivity fee, so if you do not use your account for an extended period, you will not face any fees or penalties.

 

Currency Conversion Fees

👉 While FP Markets does not indicate any other fees, Namibian traders could be subject to currency conversion fees when they deposit or withdraw in NAD depending on the payment method they choose.

FP Markets Deposits and Withdrawals

FP Markets Review Deposit And Withdrawal Namibia

 

👉 Namibian traders can choose from these deposit methods to fund the trading account:

➡️ Credit card

➡️ Debit Card

➡️ Bank Transfer

➡️ Neteller

➡️ Skrill

➡️ PayTrust

➡️ Sticpay

➡️ Fasapay

➡️ Virtual Pay

➡️ Rupee Payments

➡️ Dragonpay

➡️ Perfect Money

➡️ Asian, African and Latam Payments

➡️ Paylivre

➡️ Cryptocurrency (LetKnowPay)

➡️ Rapyd Bank Transfer

➡️ Rapid Transfer

➡️ Finrax

➡️ MPSA

➡️ Nganluong

➡️ XPAY

➡️ Broker to Broker

 

👉 When withdrawing funds from a trading account, Namibian traders can choose from these methods:

➡️ Debit Card

➡️ Credit Card

➡️ Domestic Bank Wire

➡️ International Bank Wire

➡️ Neteller

➡️ Skrill

➡️ Fasapay

➡️ PayTrust

➡️ Dragonpay

➡️ Perfect Money

➡️ Cryptocurrency

➡️ MPSA

➡️ FairPay

➡️ Paylivre

➡️ Finrax

➡️ Sticpay

➡️ Rupee Payments

➡️ Rapid

➡️ Virtual Pay

➡️ XPAY

 

How to Deposit Funds with FP Markets

👉 To deposit funds to an account with FP Markets, Namibian traders can follow these steps:

➡️ Select the “Funding” option on the left side of your screen in the secure Client Area to deposit funds.

➡️ You then choose the retail trading account you want to finance by clicking “Deposit.”

➡️ To make a deposit, you can choose a payment method, input a deposit amount, and select the deposit currency.

➡️ Lastly, you can complete any additional actions as per the payment provider that you chose to use.

 

FP Markets Fund Withdrawal Process

👉 To withdraw funds from an account with FP Markets, Namibian traders can follow these steps:

➡️ Log into the Client Area and click “Funding,” then “Withdraw,” and fill out the request form to withdraw funds. Note that traders may only utilize a different method to withdraw the earnings of their deposits have been withdrawn. Traders should be aware of this rule.

➡️ There is a limit on how much a trader may take from their account if they have deposited 1,100 NAD by credit or debit card. Similarly, if the trader uses a bank wire transfer to deposit monies, they must withdraw those funds to the same bank account.

➡️ Traders who fund their trading accounts in several ways must return the same amount to each source of payment, with credit card payments having precedence.

➡️ As soon as the first deposits are removed, traders may make the remaining withdrawals in a similar sequence to how they deposited money into their trading accounts.

➡️ Traders may then use any of the other financing options, subject to FP Markets’ permission, to withdraw their trading account winnings.

FP Markets Education and Research

FP Markets Review Education and Research Namibia

 

Education

👉 FP Markets offers the following Educational Materials:

➡️ Trading Courses Videos

➡️ Webinars

➡️ Podcasts

➡️ Events

➡️ Platform Video Tutorials

➡️ eBooks

➡️ Glossary

➡️ Newsletter

 

👉 FP Markets offers Namibian traders the following Research and Trading Tools:

➡️ Trader’s Hub

➡️ Trading Knowledge

➡️ Technical Analysis

➡️ Fundamental Analysis

➡️ Economic Calendar

➡️ Forex Calculator

➡️ Traders Hub Blog

FP Markets Bonuses and Promotions

👉 FP Markets does not currently offer any bonuses or promotions to Namibian traders.

How to open an Affiliate Account with FP Markets

FP Markets Review Affiliate Program Namibia

 

👉 To register an Affiliate Account, Namibians can follow these steps:

➡️ Visit the official FP Markets website and hover over “Partners” from the homepage.

➡️ Click on the option and wait for the new page to load.

➡️ Click on the red “Join Now” banner and select “Affiliate” from the dropdown list of options.

➡️ Provide your first and last name, valid email address, country of residence, and mobile number.

➡️ Next, provide a Username and user-selected password.

➡️ Next, indicate how you will promote FP Markets either through your website, social media, as a signal provider, Google, PPC, or any other way.

➡️ Specify your social medial links and website URLs.

➡️ Indicate whether you are an affiliate with other brokers and indicate the number of clients that you refer monthly.

➡️ Select your expected total deposits from the options and indicate how long you have been an affiliate (if you are an existing affiliate with other brokers).

➡️ Indicate the regions that you are targeting.

➡️ Lastly, read and agree to the Affiliate Terms and Conditions and click on “Apply Now” to apply.

 

FP Markets Affiliate Program Features

👉 When new clients are brought on board by introducing brokers or partners, FP Markets is committed to recognizing and compensating them accordingly. Affiliates of FP Markets enjoy the following benefits and services:

➡️ Technology that provides real-time data tracking

➡️ 24/7 advanced reporting

➡️ Unlimited access to dedicated conversion specialists

➡️ Multilingual marketing tools

➡️ Flexible payment structures

➡️ Multiple payment options

➡️ Lucrative commissions that can be earned from FP Market’s Introducing Broker and Affiliate portal

 

FP Markets Customer Support

👉 FP Markets has Award-winning customer support that is available 24 hours a day, 5 days a week to traders across several communication channels.

 

FP Markets Corporate Social Responsibility

👉 There is currently no information relating to FP Markets’ CSR initiatives or active projects.

Verdict on FP Markets

👉 FP Markets is a licensed and well-established broker that will provide you with a first-rate trading experience. You may trade FX, equities, and cryptocurrencies all at little cost with them.

 

👉 Award-winning systems that allow you to trade online with ease and with lightning speed are available to you. Flexible account types and leverage options are available to meet the demands of investors of all sizes and trading strategies.

FP Markets Current Popularity Trends

👉 According to Google Trends,FP Markets has seen an increase in Google Searches in the past month. 

 

FP Markets Current Popularity Trends Namibia

Overall Rating

Min Deposit

USD 100 / 1,100 NAD

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

FP Markets Pros and Cons

✔️ Pros❌ Cons
FP Markets is well-regulated by a Tier-1 and Tier-2 market regulators, which means that Namibian traders are dealing with a legit brokerThere are additional fees that apply to Swap-free accounts
There is a massive range of markets across several asset classesThere is no NAD-denominated account
There are powerful and user-friendly trading platforms that can be used across different devicesWithdrawal fees are charged on most payment methods
There is reliable and fast trade execution through the Equinix servers
There are commission-free accounts offered
There are designated Islamic accounts offered to Muslim traders
FP Makers offers beginner Namibian traders a range of educational materials
There are a plethora of deposit methods and withdrawal options to choose from

Frequently Asked Questions

 

What is the withdrawal time with FP Markets?

The withdrawal time with FP Markets ranges from instant withdrawals through the Sticpay wallet up to several days with bank withdrawals.

 

What is the minimum deposit for FP Markets?

The minimum deposit for FP Markets is 1,100 Namibian Dollars or an equivalent to AU$100.

 

Is FP Markets regulated?

Yes, FP Markets is well-regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).

 

Does FP Markets have Nasdaq?

Yes, FP Markets offers Nasdaq as the US Tech 100 Index with spreads that start from 1.5 pips minimum and an average of 1.7 pips.

 

How do I withdraw money from FP Markets?

You can log into your trading account, select the option to withdraw, the withdrawal method and account to withdraw from, and follow any additional instructions needed from your payment provider.

 

Is FP Markets safe or a scam?

Yes, FP Markets is safe. ASIC and CySEC, the world’s two most respected financial regulators oversee and regulate the operations of FP Markets.

 

All client funds are kept in segregated accounts and traders are protected from negative account balances. in addition, FP Markets also offers investor protection if it is unable to fulfil its financial obligations.

 

What leverage does FP Markets offer?

FP Markets offers leverage up to 1:500 on major forex pairs such as EUR/USD along with some minor forex pairs, and gold.

 

Does FP Markets have negative balance protection?

Yes, FP Markets offers negative balance protection on retail accounts. This ensures that traders are protected from sudden, drastic shifts in the market that could result in a negative balance in their trading accounts. With negative balance protection, the trader’s account will be reset to zero if their balance goes below zero.

 

Does FP Markets have Volatility 75?

Yes, FP Markets offers Namibian traders access to Volatility 75 (VIX) with minimum and average spreads from 0.1 pips.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with FP Markets?

➡️ What was the determining factor in your decision to engage with FP Markets?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with FP Markets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.2/10 - (15 votes)