FPM

A General Understanding Of FPM

FPM (forex Market) Is An Online Forex And CFD Broker Established In 2019. The Company Is Headquartered In Belize And Is Regulated Offshore By The Belize International Financial Services Commission (FSC). FPM Offers A Wide Range Of Trading Tools Including Forex, Stock CFDs, Indices, Commodities And Cryptocurrencies. The Company Also Offers Various Account Types, Trading Platforms And Educational Resources.

Is FPM Legal Or A Scam?

FPM Is Regulated By The Financial Services Commission (FSC) And Holds A Retail Forex Licence With License Number Ifsc/60/487/ts/19. As Of Now, Its Regulatory Status Has Been Designated As Offshore Regulation. It Is Essential For Traders And Investors To Diligently Conduct Research And Keep Abreast Of The Regulatory Status Of Foreign Exchange Institutions To Maintain A Safe Trading Environment.

Current Status: Offshore Regulation

License Type: Retail Forex License

License Number IFSC/60/487/TS/19

Licensee: Forex Price Markets Ltd.

Pros:

1. Regulated By The FSC: FPM Operates Under The Regulatory Supervision Of The FSC. This Regulatory Framework Enhances The Trust And Security Of Traders.
2. Offers A Range Of Trading Tools: FPM Offers Multiple Trading Tools, Including Cryptocurrencies. This Diversity Allows Traders To Diversify Their Portfolio And Explore Different Market Opportunities.
3. Using MetaTrader 4 (MT4): MT4 Offers Advanced Charting Tools, Technical Indicators, And Customizable Features That Enable Traders To Perform In-depth Analysis And Execute Trades With Precision.
4. Leverage Up To 1:500: The Platform Offers Competitive Leverage That Allows Traders To Control Larger Positions With Relatively Little Capital.
5. Multiple Deposit Methods: FPM Supports Multiple Deposit Methods, Including E-wallets. This Flexibility Allows Traders To Conveniently Fund Their Accounts Using Their Preferred Payment Method.

Cons:

1. Limited Account Types: FPM Offers A Single Selection Of Account Types That May Not Meet The Diverse Trading Needs Of All Users.
2. Higher Spreads: FPM Has Relatively High Spreads Compared To Industry Standards. Higher Spreads Can Increase Trading Costs And May Affect Traders' Profitability.
3. IMove Internal Transfer 0.2% Commission: FPMimove Internal Transfer Charges 0.2% Commission.
4. Limited Educational Resources: The Platform Offers Limited Educational Resources. The Lack Of Comprehensive Educational Materials Can Be A Drawback For Traders Looking To Improve Their Knowledge And Skills.

Market Tools

FPM Offers A Standard Selection Of Tradable Assets Covering Forex Currency Pairs, Indices, Commodities, And Metals, Catering To A Wide Range Of Trading Preferences And Strategies.

Forex Currency Pairs: FPM Offers A Wide Range Of Forex Currency Pairs For Trading. These Include Major Currency Pairs, Minor Currency Pairs, And Exotic Currency Pairs, Providing Investors With The Opportunity To Participate In Global Currency Markets.

Indices: Investors Have Access To The FPM Platform To A Range Of Indices, Enabling Them To Trade Based On The Performance Of Global Equity Markets. These Indices Provide Diversification And Exposure To A Wider Range Of Market Fluctuations. Market Instruments

Commodities: FPM Expands The Range Of Trading Options To Include Commodities Such As Agricultural Commodities, Energy, And Metals. This Allows Investors To Build Positions Based On Price Fluctuations Of These Essentials.

Metals: FPM Provides Access To Precious Metals Such As Gold, Silver, Platinum, And Palladium. Metals Trading Provides A Hedge Against Inflation And Economic Uncertainty.

Account Types

FPM Differs From Most Brokers In That It Does Not Offer Multiple Account Types. While This Simplicity Is Beneficial For Traders Seeking A Direct Experience, It Can Be A Drawback For Those Who Need Multiple Account Options For Their Diverse Trading Needs.

How Do I Open An Account?

Opening An Account With The FPM Trading Platform Involves Several Specific Steps.

1. Visit The Platform Website: Visit The Official Website FPM.
2. Registration: Find The "Register" Or "Open Account" Button On The Platform Website And Click.
3. Account Settings: Provide Your Personal Information Including Your Full Name, Email Address, Phone Number And Residential Address.
4. Complete Identity Verification: FPM Requires You To Verify Your Identity To Comply With Financial Regulations. Submit Copies Of Your Identification Documents (passport, Driver's License) And Proof Of Address (utility Bill, Bank Statement).
5. Fund Your Account: After Successful Verification, You Need To Deposit Funds Into Your Account. Choose Your Preferred Method Of Funding E.g. Bank Transfer, Credit/debit Card.

Leverage

FPM Offers Leverage Of Up To 1:500 On Forex And CFDs. Leverage Allows You To Control Larger Positions With Less Money. However, It Is Important To Be Aware Of The Risks Associated With Leverage As It Can Amplify Your Losses And Profits.

Spreads And Commissions EURUSD Spreads Shown On FPM's Official Website Are 1.8 Pips, Significantly Exceeding The Industry Standard. This Widening Spread Means Increased Trading Fees For Traders. In Addition, FPM Imposes A 0.2% Commission On Investors For Each IMove Internal Transfer Trade.

Trading Platform FPM Is Proud To Offer The Widely Recognized And Trusted Trading Platform Metatrader 4 (mt4). Mt4 Is The Professional Online Trading Platform Of Choice For Numerous Financial Institution Groups, Including Forex Brokers, Banks And Traders Worldwide. The Platform Seamlessly Facilitates Forex, Precious Metals And Futures Trading, Making It A Versatile Tool For Market Participants.

Key Highlights Of The MT4 Trading Platform FPM Include: Various Instruments : MT4 Has 39 Different Types Of Financial Instruments To Choose From. Traders Have The Flexibility To Participate In Various Markets And Expand Their Trading Horizons. Leverage: With A Maximum Leverage Of 500, FPM's Mt4 Platform Enables Traders To Amplify Their Trading Potential, Resulting In Greater Market Exposure. Minimum Investment Amount: MT4 Sets A Lower Entry Point With A Minimum Investment Volume Of 0.01 Lots, Equivalent To 1,000 Units Of Currency. This Accessibility Allows Traders To Start With Smaller Positions While Learning And Developing Their Trading Strategies. Margin Level Alert: Risk Management Is Crucial In Trading, And MT4 Helps Traders Maintain Prudent Control Of Their Accounts By Providing Margin Level Alerts. When The Margin Level Drops To 30% Of The Invested Funds, Traders Are Alerted, Prompting Them To Evaluate Their Positions And Make An Informed Decision. Over 100 Brokers And Banks Use MT4, Highlighting Its Reputation And Reliability As The Platform Of Choice For Online Trading. FPM Is Committed To Providing Its Clients With A Robust And User-friendly Trading Environment Through Mt4, Enabling Traders To Navigate Financial Marekt With Confidence And Precision.

Deposit And Withdrawal

FPM Offers A Variety Of Convenient Payment Methods For Easy Deposit. Here Is A Description Of The Available Options:

1. I Move: FPM Offers The Option To Deposit Funds Using An Internal System Called "imove". The Method May Be Either An Internal Transfer System Or By FPM For Their Customers. It Can Provide Efficient, Secure Money Transfer Within The Territory Of The FPM Ecosystem.
2. Credit Card: Customers Can Deposit Funds Using Major Credit Cards Such As Visa And Mastercard. Credit Card Deposits Are Known For Their Ease Of Use And Fast Processing Times, Making Them A Popular Choice For Many Traders.
3. Bank Telegraphic Transfer: FPM Accepts Deposits Via Bank Telegraphic Transfer, Which Involves Transferring Funds Directly From Your Bank Account To Your Trading Account. Bank Telegraphic Transfers Are Suitable For Larger Transactions And Are A Secure Way To Fund Your Account.
4. Local Bank Transfers: This Option Allows Deposits To Be Made Via Local Bank Transfers. This Is Especially Convenient For Customers Who Prefer To Use The Local Banking System To Fund Their Trading Accounts.
5. Electronic Transfers: Electronic Transfer Methods, Which May Include E-wallets Or Other Electronic Payment Systems, Provide Additional Flexibility For Depositing Funds. Common Examples Of E-wallets Frequently Used For Electronic Transfers Include Skrill, Neteller, WebMoney, And Perfect Money.

The Minimum Withdrawal Amount For Withdrawals Via Bank Transfers And Imove Is $10, With No Maximum Limit. Bank Withdrawals Are Cleared Within 24 Hours, Except On Non-business Days. Importantly, There Is No Commission Charged For Bank Withdrawals.

The Minimum Deposit Amount Is $100. Deposits Made Using MT4 Are Usually Cleared Within 24 Hours (except On Non-business Days). It Is Important To Note That When Using The MT4 Platform, Imove Internal Transfers Are Subject To A 0.2% Commission Per Transaction.

Comprehensive, FPM Offers A Number Of Payment Methods To Meet The Different Needs Of Customers. The Choice Of Method May Depend On Factors Such As Transaction Speed, Fees, And Personal Preferences. Customers Should Consider These Factors When Choosing The Most Appropriate Payment Method For Their Trading Activities.

CUSTOMER SUPPORT

FPM You Can Obtain Consumer Support Services By Sending An Email To Info@forexpricemarkets.com Or Using The "Contact Us" Form (https://forexpricemarkets.com/contact.php) Available On Its Website. Inquiries Submitted Through The Platform Will Be Promptly Addressed By Its Dedicated Support Team. Whether An Individual Has Questions About Their Trading Account, Needs Assistance With Technical Issues Or Seeks Services Regarding FPM, The Support Team Is Always Available To Assist.

Educational Resources FPM Has Relatively Limited Educational Resources, Consisting Mainly Of A Basic FAQ Section And Site Navigation Help. While These Resources Can Help Traders Navigate The Platform And Solve Common Problems, They Fall Short In Providing In-depth Educational Materials And Tools. Investors Seeking Comprehensive Learning Resources And Market Insights May Find Current Offerings Inadequate To Improve Their Trading Knowledge And Skills.