Desktop Platforms and Trading Tools
With MT4, MT5, cTrader and TradingView all available, FP Markets offers support for more trading platforms than most brokers.
FP Markets used to only offer traders MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each of which offers Expert Advisors, automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality.
All platform choices are free to use, all can be downloaded to your PC or Mac, and all have web versions of the platform. Traders who want more EAs to use, and don’t mind the dated interface, should consider using one of the MetaTrader products. cTrader is often a favourite for beginner traders as it requires less setup, has a more modern interface, and offers more advanced order types.
FP Markets partnered with TradingView in January 2024. TradingView is a world-renowned charting provider that delivers the financial markets from one platform and has the largest social trading community in the world. Combining Trading View with FP Markets’ consistently tight spreads, rapid market execution, and Institutional-grade liquidity, will help FP Markets clients maximise their trading potential.
All four trading platforms offered are considered among the best in the industry. FP Markets does not have its own trading platform, but with the four major third-party platforms, most traders will be satisfied.
Trading Tools
FP Markets’ range of trading tools includes Autochartist, a free VPS service, MAM/PAMM accounts, Myfxbook Autotrade, and a Traders Toolbox consisting of 12 online trading tools. Most of the tools are free of charge, except for the VPS and Traders Toolbox, which require traders to deposit a minimum of 1,000 AUD (or currency equivalent).
Autochartist
Free for all FP Markets clients, Autochartist is one of the best technical analysis tools on the markets. It is an automated technical analysis tool that plugs into MT4 and MT5 and scans all available CFD markets for trading opportunities. Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements.
VPS
FP Markets offers a free VPS service to traders who deposit a minimum of 1000 USD or currency equivalent. The service is also subsidised for high-volume traders who trade over 10 lots a month on the Standard Account, or 20 lots on the Raw Account. VPS services ensure trades are never disrupted by technological or connectivity issues. Other benefits of the VPS service include:
- 24/6 VPS email support
- 24/7 Redundant power to your VPS
- 24/7 Redundant internet connectivity to your VPS
- Low latency connectivity to FP Markets trading servers for precision trading
- Uninterrupted EA trading
MAM/PAMM Accounts
FP Markets offers an account management service to its clients, which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM.
MAM stands for Multi-Account Manager, which permits a range of customisable ways to sub-allocate trades. PAMM stands for Percentage Allocation Module Manager, which means investors can be part of a set of sub-accounts that are traded together by a money manager or trader who has permission from clients to trade on their accounts. Account Managers take a portion of the profits generated by the trades.
Copytrading
FP Markets offers an excellent copy trading service through a third-party provider, Myfxbook Autotrade. It allows traders to find, follow and copy successful traders automatically. To use the service, traders need to open a Standard Account and make a minimum deposit of 1,000 USD. Traders are charged an additional 0.5 pips in service fees on top of the standard spreads, which is relatively high compared to other brokers.