FP Markets – what we know and have as facts about it; This is a group of companies that include First Prudential Markets Pty Ltd – a company based in Sydney, Australia, which is licensed by the Australian Securities and Investment Commission (ASIC) under license number 286354 and First Prudential Markets Ltd – a company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 371/18. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found that FP Markets acts as principal in all client transactions, which means it is a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in the forums about creating multiple spam accounts to post false positive reviews.
So far, we have not received any complaints from customers of FP Markets. If you have any criticism to share with us or feel annoyed by FP Markets, please fill out the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and FP Markets if you wish.