FP Markets Review
FP Markets’ Review expansive range of trading assets and superior 24/7 multilingual customer support make it an ideal broker for Ivorian traders. Their guaranteed fair trading conditions and high leverage cater to various trading strategies.
- Candice Barnes
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
Min Deposit
39,000 XAF (AU$100)
Regulators
ASIC, CySEC, FSCA, FSA, FSC
Trading Desk
MT 4, MT 5, IRESS, cTrader, FP Markets App
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
As seasoned trading reviewers, we’ve seen FP Markets’ considerable influence on Ivory Coast’s financial sector. Established in 2005, this Australian brokerage is known for its over 10,000 financial products and transparent ECN/STP conditions.
Over the years in operation, they have expanded outside Sydney, where they are now known globally for their excellent trading conditions.
When we began investigating this broker, we were instantly impressed by their competitive spreads, starting at 0.0 pips and leverage up to 1:500.
As we continued our review, we found these were more than just flashy numbers to attract traders, these allow Ivorian traders to enter and maintain market positions efficiently.
This broker has grown in size and reputation by embracing innovation and technology. They use MetaTrader 4, IRESS, cTrader, and MetaTrader 5 to fulfill Ivorian traders’ different demands.
In our experience, these platforms are user-friendly and include extensive analysis features for novice and experienced traders.
We were especially impressed by this broker’s focus on safety and regulation. They meet stringent FSCA, FSC, FSA ASIC, and CySEC regulations, making them stand out among their peers and rivals.
Our interactions with them revealed a broker who understands traders’ demands. They understand the value of constant learning in making educated trading decisions and offer multilingual assistance and an extensive instructional package.
This aspect is especially significant in Ivory Coast, where traders are eager for growth and knowledge enhancement.
Understanding the local economy helped this broker succeed in the Ivory Coast. They’ve positioned themselves as a broker that provides access to worldwide markets with a tailored approach, understanding Ivory Coast’s dynamic trading environment.
Our initial thoughts on this broker are that FP Markets is more than a brokerage; they are a viable and trustworthy trading partner. Therefore, they could be a top choice for Ivory Coast traders seeking worldwide financial prospects due to their international competence and market knowledge.
Does FP Markets offer negative balance protection?
Yes, they provide negative balance protection to prevent clients from losing more than their account balance.
What makes FP Markets’ trading platforms superior to competitors?
They offer industry-leading platforms like MetaTrader 4 and MetaTrader 5, known for their user-friendly interfaces and advanced technical analysis tools. FP Markets also offers cTrader, IRESS, and an innovative FP Markets app for iOS and Android.
At a Glance
🔍Broker | 🥇FP Markets |
🔢Established Year | 2005 |
⌛Regulation and Licenses | ASIC, CySEC, FSCA, FSA, FSC |
4️⃣Ease of Use Rating | 4/5 |
🎁Bonuses | None |
⏰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 | 39,000 XAF (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 an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in Ivory Coast
This broker is not regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, FP Markets’ global regulations are listed in the table below.
Global Regulations
🔍Registered Entity | 🌎Country of Registration | ✏️Registration Number | 🌟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 | N/A | FSC | 3 | GB21026264 |
🏅First Prudential Markets Limited | Seychelles | N/A | FSA | 3 | SD130 |
Protection of Client Funds
🔍Security Measure | ℹ️ Information |
🗂️Segregated Accounts | ✅ Yes |
👤Compensation Fund Member | ✅ Yes |
💵Compensation Amount | 20,000 EUR (Only European clients are eligible) |
📝SSL Certificate | ✅ Yes |
2️⃣2FA (Where Applicable) | ✅ Yes |
⛔Privacy Policy in Place | ✅ Yes |
⚠️Risk Warning Provided | ✅ Yes |
❌Negative Balance Protection | ✅ Yes |
🛑Guaranteed Stop-Loss Orders | None |
Are FP Markets’ trading systems secure for traders in Ivory Coast?
Yes, they offer secure trading platforms, each with its own sophisticated security features for Ivorian traders.
What type of financial monitoring is applied to FP Markets?
Their activities are overseen by international regulatory organizations, guaranteeing that Ivory Coast clients’ funds are protected.
Awards and Recognition
FP Markets has been recognized with numerous awards, highlighting its outstanding services and global impact:
✅FP Markets has been recognized by FxScouts for its exceptional trading solutions and tools, which greatly simplify market navigation for traders. The company has been awarded “The Best Forex Trading Tools 2023” by FxScouts, highlighting its commitment to providing top-notch resources for traders.
✅This broker received recognition for its exceptional trade execution and transparent practices in the Asia-Pacific region, earning multiple awards at the prestigious Ultimate Fintech APAC 2023 event.
✅They were honored with the esteemed title of “Best CFD Broker in Africa” at the FAME Awards 2023, further solidifying the company’s dominant position in the African brokerage market.
✅FP Markets was recognized at the Global Forex Awards 2023, receiving multiple accolades, including the highly sought-after “Best Value Broker – Global” for the fifth year in a row. This achievement highlights the company’s unwavering commitment to providing value and exceptional customer service.
✅Furthermore, FP Markets has been honored with the prestigious “Best Broker – Europe” and “Best Partners Programme – Asia” awards, which highlight its strong international presence and dedication to cultivating partnerships.
Account Types
FP Markets’ account types and competitive trading conditions drew us to this broker first as a viable option for Ivorian traders. We explored the features of each account type to provide a snapshot of the main features in the table below.
Furthermore, in the sections below the table, we delve deeper into the unique features and benefits of each account type for Ivorian traders.
🔍Live Account | 💵Minimum Deposit | 🚀Open an Account | 📈Platforms | ⬆️Leverage |
🥇Standard | 39,000 XAF | 👉 Click Here | All | 1:500 |
🥈Raw | 39,000 XAF | 👉 Click Here | All | 1:500 |
🥉Islamic Standard | 39,000 XAF | 👉 Click Here | All | 1:500 |
🏆Islamic Raw | 39,000 XAF | 👉 Click Here | All | 1:500 |
Standard
While testing the Standard Account, we found that this option is a compelling choice for traders in the Ivory Coast, particularly those new to trading or who prefer straightforward transactions.
This account is highly adaptable, catering to a wide variety of trading instruments without any commission fees.
It perfectly suits the diverse trading goals of novice and casual traders in the Ivory Coast. This account provides exceptional flexibility by operating on various platforms and allowing for trading in smaller sizes starting from 0.01 lots.
It’s worth mentioning that the Standard Account offers leverage of 1:500, allowing for lucrative market opportunities with a minimum deposit requirement of just 39,000 XAF. Not charging inactivity fees is another advantage for traders who don’t trade frequently.
Raw
After carefully analyzing the trading conditions of the Raw Account provided by the broker, it is clear that the platform has created a choice that caters to traders in Ivory Coast who value precision.
This account is perfect for scalpers and algorithmic traders, offering extremely narrow spreads starting at 0.0 pips for a commission of US$3 per side.
This fee structure is great for those who engage in high-volume trading or value quick trade execution.
Similar to the Standard Account, a minimum deposit of 39,000 XAF is necessary. However, the remarkably narrow spreads from 0.0 pips on major forex pairs like EUR/USD set this account apart and give it a competitive advantage.
Islamic Standard
With the Islamic Standard Account provided by the broker, we discovered an account option deeply rooted in ethical trading principles, designed specifically for Muslim traders in Ivory Coast.
This account is designed to meet the requirements of traders who adhere to religious trading principles, providing access to a diverse range of markets while eliminating swap fees to ensure compliance with Sharia law.
Like any other account, traders can use all platforms with a leverage ratio of 1:500 and a minimum deposit of 39,000 XAF.
This account is a valuable resource for traders in Ivory Coast who want to participate in the markets while adhering to their religious beliefs. It offers a wide range of features and comprehensive market access provided by the broker.
Islamic Raw
The Islamic Raw Account from this broker reflects the Islamic Standard Account’s ethical considerations while offering the advantage of raw spreads starting from 0.0 pips.
This account is perfect for Muslim traders in Ivory Coast who engage in frequent and precise trading. With a commission of US$3 per side, we found that it offers valuable opportunities to maximize your trading potential.
With leverage of 1:500 across FP Markets’ accounts, trading strategies can be executed with a wide market reach. Furthermore, traders in Ivory Coast who choose the Islamic Raw Account can enjoy the same high-performance trading conditions as the standard Raw Account.
Demo Account
For traders in Ivory Coast, the Demo Account is an excellent option to gain practical experience in trading. It provides a valuable learning experience, simulating real market conditions without financial risks.
This feature is incredibly useful for beginners stepping into the trading realm and seasoned traders exploring new strategies.
Traders from Ivory Coast can fully explore the features of the broker’s platforms, whether they prefer MetaTrader or IRESS, using virtual funding. Furthermore, we consider it a great advantage that there are no restrictions on the duration of the demo account.
This facilitates a laid-back learning process, showing that FP Markets knows mastering trading requires time. It’s great to see them providing Ivorian traders the chance to practice as much as they want before getting into real trading.
We also found that the demo account provides access to educational materials and trading tools on the the broker’s website, which is especially advantageous to anyone using the demo account.
Professional Account
The Professional Account is designed to meet the unique requirements of experienced traders in Ivory Coast.
This sort of account is designed for highly experienced traders. In addition, the Professional Account allows them to access the market more freely by removing the leverage limits usually placed on retail accounts.
However, as with most Professional Accounts, a high financial activity or market expertise is required to qualify for this account. This makes it a valuable option for experienced and high-net-worth Ivorian traders who handle large investments.
Swap-Free Account
Unlike other brokers in the industry, the broker does not only offer a single Swap-Free option that mirrors the trading conditions of the live accounts. Instead, FP Markets offers standalone Islamic Account options with unique trading conditions and benefits beyond being swap-free.
The Standard and Raw Islamic Accounts offer Ivorian traders untethered access to Halal instruments, competitive trading conditions and benefits, and powerful trading platforms across devices.
Furthermore, Islamic Account holders also have unlimited access to FP Markets’ 24/7 customer support, extensive educational tools, and much more.
Is FP Markets good for both new and experienced traders in Ivory Coast?
Yes, they cater to traders of all skill levels with a variety of account types, powerful trading platforms, instructional tools, and affordable pricing, making it appropriate for both beginners and pros.
Can I get a sign-up bonus with FP Markets?
No, you cannot. They do not offer newly registered traders a sign-up or no-deposit bonus.
How To Open an Account Step by Step
To register an account, follow these steps:
Step 1: Go to the official website and click on the “Start Trading” icon
When clicking the banner, traders will be redirected to the registration form, where they can choose their ideal account type.
Step 2: Fill out the Online Application Form
Next, the application will require basic information, contact details, and other sections. Complete these honestly, and remember that FP Markets will require your proof of identity and residential address, so accuracy is key.
Step 3: Verify your Account
Upload your government-issued ID and proof of residence, like a utility bill or bank statement, to meet the necessary regulatory requirements. You can use the FP Markets demo account to familiarize yourself with the trading environment without risk.
Furthermore, you can practice using virtual funds and explore all the platform’s features here.
How do Ivorian traders create an account with FP Markets?
Ivorian traders can create an account by going to the FP Markets website, selecting their desired account type, completing the online application form, and submitting the necessary KYC papers.
Is there an age limit for creating an account with FP Markets for Ivorian traders?
Yes, Ivorian traders must be at least 18 before opening an FP Markets account.
FP Markets vs AvaTrade vs BDSwiss – Broker Comparison
🔍Broker | 🥇FP Markets | 🥈AvaTrade | 🥉BDSwiss |
⌛Regulation | CySEC, FSCA, ASIC, FSC, FSA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | CySEC, FSC, BaFIN, FSA, Mwali International Services Authority |
📊Trading Platform | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web |
💴Withdrawal Fee | ✅ Yes | None | None |
🗂️Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
💵Min Deposit | 40,300 XAF (AU$100) | 61,500 XAF ($100) | 6,100 XAF ($10) |
➡️Leverage | 1:500 | 1:30 (Retail) 1:400 (Pro) | Up to 1:2000 |
📝Spread | 0.0 pips | Fixed, from 0.9 pips | From 0.0 pips |
💷Commissions | From US$3 | None; only the spread is charged | From $2 |
🛑Margin Call/Stop-Out | 100%/50% | 25% – 50% (M) 10% (S/O) | 50%/20% |
🧑⚖️Order Execution | Market | Instant | Instant/Market |
❌No-Deposit Bonus | None | None | None |
💰Cent Accounts | None | None | ✅ Yes |
🗂️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 | Cent Account Classic Account VIP Account Zero Spread Account |
🌟WAEMU Regulation | None | None | None |
💶XAF Deposits | None | None | None |
👉XAF Account | None | None | None |
⏰Customer Service Hours | 24/7 | 24/5 | 24/5 |
📌Retail Investor Accounts | 4 | 1 | 4 |
☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
⬇️Minimum Trade Size | 0.01 lots | 0.01 pips | 0.01 lots |
⬆️Maximum Trade Size | 50 lots | Unlimited | 50 lots |
⏰Minimum Withdrawal Time | Instant | 24 to 48 Hours | Instant |
⏱️Maximum Estimated Withdrawal Time | Up to 10 working days | Up to 10 days | Within 24 hours |
✔️Instant Deposits and Instant Withdrawals? | ✅ Yes | None | ✅ Yes |
🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Trading Platforms and Software
The broker offers Ivorian traders a choice between these trading platforms:
➡️MetaTrader 4
➡️MetaTrader 5
➡️FP Markets App
➡️IRESS
➡️cTrader
MetaTrader 4
MetaTrader 4 (MT4) has been a stable platform for FP Markets’ trading, supporting many trading methods. We tested it and discovered it works well with FP Markets’ trading conditions. The interface is familiar to seasoned traders but easy for Ivory Coast traders to utilize.
The depth of market (DOM) pricing provides insights into market liquidity and executable prices, which is especially useful for traders in Ivory Coast, where market transparency can be difficult.
With their competitive spreads, MT4 gives Ivorian traders a precision edge. Its customisable charting complements the broker’s technical research tools and helps traders find market possibilities in Ivory Coast and abroad.
MetaTrader 5
While testing MT5 with an FP Markets account, we found that the advanced features in MetaTrader 5 (MT5) broadened our trading opportunities.
Furthermore, while MT5 retains many of MT4’s features (albeit upgraded), we appreciated the extra timeframes and integrated economic news stream, which sync perfectly with the broker’s market updates and help Ivorian traders make rapid trading decisions.
In addition, MT5’s hedging capabilities allow knowledgeable Ivory Coast traders to hedge their exposure to local and international market events by taking advantage of tight spreads and high leverage.
FP Markets App
The FP Markets Mobile App for Android and iOS smartphones offers on-the-go trading solutions in fast-paced financial markets.
While testing it, we noticed just how user-friendly the software is, integrating the main capabilities of desktop platforms and providing full trade management choices and real-time charting and analytical tools that Ivorian traders require.
Its exceptional performance provides quick access to financial markets and low latency while completing transactions, which is critical for scalpers and day traders.
Finally, the unique notification system keeps traders informed of market movements and order statuses, allowing them to control their trading decisions regardless of their location in the Ivory Coast.
IRESS
The IRESS platform provides a unique way to get direct asset market values. Furthermore, advanced order management and other technologies pair well with FP Markets’ execution speed to simplify trading.
Because of the broker’s large range of financial instruments, Ivorians can easily diversify their investment portfolios and spread their risk across several markets.
We also appreciated IRESS’s dynamic data streaming and vast market depth. It provides a complete perspective of market movements for strategic trades linked with Ivory Coast’s economy and global financial centers.
cTrader
cTrader is an excellent option, especially for Ivorians looking for depth and complexity in market pricing.
Our research on its features shows that cTrader provides transparency through Level II pricing, revealing executable prices from liquidity providers. It is critical for Ivorian traders who need exact insights into market dynamics.
The interface caters to novice and expert traders, with customizable setups and powerful charting tools that work flawlessly with their spreads. Furthermore, it features complex order types and risk management capabilities, improving trading efficiency.
Detachable charts and multi-monitor capability are useful features for dedicated Ivorian traders who watch a variety of assets.
Furthermore, the platform’s algorithmic trading functionality enables Ivory Coast traders to create and test automated trading systems in a stable environment that does not require external platforms.
How does the FP Markets mobile app enhance trading for Ivorian traders?
The FP Markets mobile app allows Ivorian traders to trade on the go, offering full trading functionalities, real-time charting, and live price feeds directly on their smartphones.
Are there customizable options for trading platforms at FP Markets?
Yes, they offer highly customizable trading environments on all its platforms, which include changing the layout setting up custom indicators, scripts, and automated strategies that suit individual trading styles.
Range of Markets
Ivorian traders can discover an impressive portfolio of tradable instruments with FP Markets, including the following markets:
➡️Forex
➡️Metals
➡️Index CFDs
➡️Stocks
➡️Crypto CFDs
➡️Energies
➡️Bonds
➡️Agriculture Commodities
Are ETFs available for trading to Ivorian traders at FP Markets?
Yes, they offer trading on several ETFs, allowing Ivorian traders to invest in a collection of stocks or commodities through a single instrument.
What are the most popular forex pairs available to Ivorian traders at FP Markets?
Popular forex pairs available at FP Markets include EUR/USD, USD/JPY, and AUD/USD, among others, offering Ivorian traders significant liquidity and volatility.
Fees, Spreads and Commissions
As part of our comprehensive review, evaluating fees is crucial for Ivorian traders. We explored FP Markets’ trading conditions to discuss the typical trading and non-trading fees that most forex and CFD brokers, including FP Markets, charge Ivorians. Here’s what we found with FP Markets.
Spreads
We conducted an in-depth analysis of the broker’s extremely competitive spread offerings across all account types and markets.
They charge variable spreads to Ivorian traders, with the Raw Account offering key pairs for as little as 0.0 pips.
This can greatly advantage active traders in the Ivory Coast who prioritize accuracy and economical operations.
Despite being much wider on the Standard Account, spreads on significant forex pairs remained narrow, frequently commencing at approximately 1 pip.
Commissions
Often evaluated hand in hand with spreads, FP Markets’ commission, specifically for the Raw Account, is transparent and low, starting from $3 per side for every standard lot (100,000 currency units) traded.
We also found that this flat-rate commission structure is according to the ECN pricing model of FP Markets, which guarantees that Ivorian traders can participate in high-volume trading activities without increasing expenses.
In contrast to the Raw Account, our Standard account incurred no commission fees because the broker’s fee for facilitating the trade was already included in the spread.
Overnight Fees
According to our analysis, the broker calculates overnight fees by adding a markup to current interbank interest rates. Due to the effect of time zone differences on trading hours, these fees apply when a position is held open overnight, which could affect traders in Ivory Coast.
Furthermore, another benefit is that they provide Islamic accounts free from overnight fees, catering to the needs of individuals who follow Sharia law.
Deposit and Withdrawal Fees
Where withdrawal and deposit fees are concerned, FP Markets was deemed exceptionally trader-friendly. The broker’s commitment to providing a cost-effective trading environment is reflected in the absence of internal deposit fees.
However, the broker applies the following withdrawal fees according to the current available options:
➡️Perfect Money – 0.5%
➡️Skrill – 1% plus country fees
Furthermore, intermediary institutions typically assess fees for international transactions; this is a common occurrence in the industry.
Inactivity Fees
We were very delighted by the absence of inactivity fees. Traders from the Ivory Coast do not need to be concerned about their accounts depleting their funds while not actively trading.
Those contemplating long-term investment strategies or who do not trade consistently due to fluctuating market participation will find this consideration especially advantageous.
Currency Conversion Fees
Finally, traders should be aware that they can charge currency conversion fees for deposits and withdrawals made in currencies other than the currency of their base account.
Although directly stated, these charges are a prevalent component of handling foreign exchange transactions with intermediaries like FP Markets; therefore, Ivorian traders should incorporate them into their monetary strategizing.
Does FP Markets charge a commission on trades for Ivorian traders?
Yes, they charge a commission on Raw accounts, typically around $3 per lot per side for forex trades, which is competitive in the industry.
What are FP Markets’ no inactivity fee policy implications for Ivorian traders?
The no inactivity fee policy at FP Markets means that Ivorian traders are not penalized for not trading, making it cost-effective for those who trade infrequently.
Deposit & Withdrawal Options
The broker’s large range of flexible deposit and withdrawal methods, which are consistently changing on the website, duly impressed us. Subject to change, the following is the typical list of available deposit and withdrawal methods, which vary according to the FP Markets entity and region.
We provide Ivorians with the basic information they need on these payment methods, and we give a general step-by-step on depositing and withdrawing with FP Markets through different payment categories in the sections below the table.
🫴🏻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 |
Deposits
Bank Wire
✅Log in to your secure client area and select the ‘Bank Wire’ deposit option.
✅Select the currency and enter the amount you want to deposit.
✅Take note of the bank information supplied by the broker and the reference number for your deposit.
✅Make a bank wire transfer from your bank using the FP Markets reference number.
✅Keep a copy of the transaction receipt for your records and monitoring.
Credit or Debit Card
✅Select ‘Credit/Debit Card’ in the client area as your deposit option.
✅Enter the card number, expiration date, and CVV.
✅Complete any further security verifications requested by your bank.
✅Confirm the transaction; the funds should be credited to your account quickly.
Cryptocurrency
✅In the customer area, select ‘Cryptocurrency’ as the deposit method.
✅Choose the cryptocurrency you want to use and the deposit amount.
✅To transfer funds from your cryptocurrency wallet, use the unique address issued by FP Markets.
✅Before completing the transfer, confirm that all transaction details are correct.
e-Wallets or Payment Gateways
✅Select your favorite e-wallet or payment gateway in the client area.
✅Enter the deposit amount while staying within any minimum deposit limitations.
✅Follow the on-screen steps to approve the payment from your preferred e-wallet or payment gateway.
Withdrawals
Bank Wire
✅Navigate to the ‘Funding’ portion of the client area and select ‘Withdraw.’
✅Choose ‘Bank Transfer’ as your withdrawal option.
✅Provide the required information, including your trading account and bank information.
✅Submit your withdrawal request and allow for processing time.
Credit or Debit Cards
✅From your FP Markets account menu, select ‘Withdraw Funds.’
✅Select ‘Credit/Debit Card’ as your withdrawal method and input the amount.
✅Confirm that the card information is valid and matches those used for the original deposit.
Cryptocurrency
✅Log in to the client area and select ‘Cryptocurrency’ for withdrawal.
✅Enter the address of your cryptocurrency wallet where you want to receive the funds.
✅Enter the withdrawal amount, validate all information, and submit your request.
e-Wallets or Payment Gateways
✅Navigate to the withdrawal section of the client area.
✅Select your favorite e-wallet or payment gateway for withdrawal.
✅Enter the withdrawal amount and submit the request for processing.
How can Ivorian traders withdraw their funds from FP Markets?
Withdrawals can be made using the same methods as deposits; however, funds must be withdrawn to the same source from which they were deposited to comply with anti-money laundering regulations.
How long do withdrawals typically take for Ivorian traders at FP Markets?
Withdrawals generally take 1-2 business days to process, depending on the withdrawal method and compliance checks.
Leverage and Margin
Due to the near-unlimited trading opportunities they provide and their inherent risks, margin and leverage are two components we always evaluate.
According to our analysis, the broker provides substantial leverage to Ivorian traders, with leverage ratios on forex and precious metals reaching an impressive 1:500.
Compared to the leverage offered by other brokers, this quantity of leverage can substantially increase a trader’s market exposure. This characteristic is especially attractive to traders who aim to optimize their prospective profits with comparatively modest initial capital outlays.
However, we urge Ivorian traders to remember that elevated leverage also entails a greater potential for mounting losses, thus creating a dual-edged situation.
Despite these risks, they provide the essential tools and resources required for Ivorian clients to mitigate this.
Margin requirements are openly specified and will vary depending on the specific financial instrument being traded, ensuring that traders thoroughly understand before they open any trading positions with FP Markets.
Overall, their leverage options cater to experienced Ivorians with strategies that capitalize on highly volatile markets using high leverage and more risk-conscious traders who prefer lower leverage aligned with their risk/reward ratios.
Because of the flexibility of leverage options and FP Markets’ strict adherence to regulatory regulations, we can confidently recommend the broker to Ivorian traders who want to leverage favorable conditions in a secure trading environment.
Does FP Markets use margin calls?
Yes. Their margin calls will notify traders when they fall below the required threshold to keep a position open.
Can I adjust my leverage on the FP Markets dashboard?
Yes. You can easily manage your leverage on the FP Markets dashboard.
Educational Resources
As a reputable and flexible forex and CFD broker that understands its client’s needs and caters to various types of traders according to their skills, we expected a robust portfolio of educational tools from FP Markets, and we were not disappointed.
Here’s what Ivorian traders can expect regarding FP Markets’ comprehensive educational materials, tools, and resources.
➡️FP Markets’ Demo Account
➡️Markets News
➡️Trader’s Hub
➡️Video Courses
➡️Technical Analysis
➡️Forex Calculator
➡️Traders Hub Blog
➡️Platform Tutorials
➡️Economic Calendar
➡️Podcasts
➡️FP Markets Glossary
➡️Newsletter
➡️Events
➡️Webinars
How can Ivorian traders access FP Markets’ educational videos?
Ivorian traders can access various educational videos through the broker website or trading dashboard, which cover topics from basic trading concepts to advanced strategy implementations.
What specific benefits do the Forex webinars offered by FP Markets provide to Ivorian traders?
Market experts conduct webinars and cover current market trends, trading strategies, and risk management tailored to help Ivorian traders navigate Forex markets effectively.
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Bonuses and Promotions
We looked into the incentives offered by the broker and found that they do not currently provide any bonuses or promotions for traders in the Ivory Coast. The few sources we looked at all yield the same conclusion.
We expect that there might be several strategic or regulatory reasons for the lack of incentives and promotions. To guarantee adherence to local rules and regulations, brokers like FP Markets, for example, frequently customize their bonus offers according to the legal environment of each nation or area.
Bonuses, we also discovered, might draw in new traders, but they don’t necessarily reflect the general caliber or value that a broker offers.
According to our findings, they are noted for its competitive trading environment, extensive trading tools, and strict regulatory compliance. These are important elements for Ivorians to consider in addition to promotional offers.
How to open an Affiliate Account
To register an Affiliate Account, Indonesian traders can follow these steps:
Step 1: Go to the FP Markets website and click on the “Partners” tab
Step 2: Click on the “Join Now” banner located on the affiliate page
Thoroughly review all the details provided about the affiliate program to grasp its features and advantages.
Step 3: Complete the Online application form
Complete the registration form with your personal information and contact details. Ensure that you have all the necessary documents ready for verification when completing the registration process.
Step 4: Await further confirmation from FP Markets
Once you’ve submitted the form, you can anticipate receiving a confirmation email from FP Markets. This email will contain further instructions to complete the setup of your affiliate account.
How can people in Ivory Coast benefit from FP Markets’ CPA affiliate program?
Individuals in the Ivory Coast can earn a set commission for each eligible trader they refer to FP Markets using the CPA affiliate program.
What resources does FP Markets provide its affiliates in Ivory Coast for efficient marketing?
The broker provides its Ivorian affiliates with a variety of marketing materials, such as banners, landing pages, and performance-tracking tools.
Affiliate Programs
Features
FP Markets’ affiliate program is well-structured for Ivorian traders, with a CPA model that might be profitable if they can recruit active traders.
Their portal is accessible in French, which is a significant advantage for the Ivorian market. We found their marketing materials informative, albeit some might be general and not specialized, especially for Ivory Coast.
Furthermore, while their compensation structure is competitive, we urge potential affiliates to carefully analyze the conditions of the broker’s affiliate program to ensure they are aligned with their objectives.
User Comments and Reviews
🥇“FP Markets awesome! Their customer service is excellent; they respond quickly and professionally every time. Furthermore, being globally regulated is a major advantage, generating trust and confidence.”
🥈“The FP Markets withdrawal process is lightning-fast, with monies transferred to your bank account within a day. They are undoubtedly one of the greatest Forex brokers in the world, with low spreads and excellent trade performance.”
🥉“A huge thank you to the fantastic folks at FP Markets! They made my experience fantastic by swiftly fixing my difficulties and explaining everything simply.”
Our Recommendations
While this broker already has an impressive offer for global traders, there is always room for improvement. Based on our in-depth investigation into FP Markets, here’s what we suggest:
✅This broker can promote sustainable trading activities by providing more educational campaigns that target high leverage in forex and CFD trading.
✅FP Markets can consider adding more exotic currencies like XAF to its list of base currencies for retail and professional trading accounts.
Customer Support
🫴🏻Customer Support | 🥇FP Markets Customer Support |
⏰Operating Hours | 24/7 |
👥Support Languages | Multilingual |
🗣️Live Chat | ✅ Yes |
💻Email Address | ✅ Yes |
☎️Telephonic Support | ✅ Yes |
4️⃣The overall quality of FP Markets Support | 4/5 |
🚀Open an Account | 👉 Click Here |
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 |
Does FP Markets provide Ivorian clients with an online knowledge base or educational tools?
Yes. They provide a broad online knowledge base and educational materials for Ivorian clients to improve their trading skills.
How do Ivory Coast clients submit technical concerns to FP Markets?
Clients in Ivory Coast can report technical concerns directly to the broker’s customer service channels, which include a specialized technical support team.
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Pros and Cons
✅ Pros | ❌ Cons |
FP Markets is a well-regulated and reputable name in the forex and CFD market | FP Markets is not locally regulated in the Ivory Coast |
Ivorians are presented with a range of powerful platforms that feature robust functions, user-friendly interfaces, and the best analysis tools | There are limited base currency options for accounts, and XAF is not supported |
FP Markets offers leverage ratios of up to 1:500 on forex major pairs | Withdrawal fees apply to certain payment methods |
There are competitive zero-pip spreads and cheap commissions | Some of the markets and tools offered by FP Markets can be too complex for beginner Ivorian traders |
In Conclusion
Overall, FP Markets offers comprehensive educational resources, a wide range of trading platforms, and competitive trading conditions. Still, we urge Ivorians to weigh these against the financial risks of currency conversions and high leverage.
Our Insights
Our extensive review of FP Markets shows that the broker blends strong trading conditions with a wide selection of services for Ivorian traders.
Frequently Asked Questions
Can I create a practice account with FP Markets?
Yes. FP Markets provides demo accounts that allow you to practice trading using virtual funds. These accounts mirror the live conditions and features of FP Markets’ live accounts in a risk-free environment.
Does FP Markets allow traders from the Ivory Coast?
Yes. FP Markets allows customers from the Ivory Coast. However, Ivorians are urged to confirm whether there are any limitations or restrictions on their country of residence before they invest funds.
Is FP Markets a reliable broker?
Yes. FP Markets is a well-regulated broker with licenses from respectable organizations such as ASIC (Australia), CySEC (Cyprus), FSC (Mauritius), FSA (Seychelles), and FSCA (South Africa).
Which trading platforms does FP Markets offer?
MetaTrader 4 (MT4), IRESS, cTrader, FP Markets app, and MetaTrader 5 (MT5). Each platform has its own unique features and benefits for Ivorians according to their unique trading styles and objectives.
How can I deposit into my FP Markets account?
Credit and debit cards, bank transfers, Skrill, Neteller, and more. The deposit methods on FP Markets constantly shift and change to accommodate global traders. Therefore, we urge traders to verify the available options when they sign up.
What is the minimum deposit required at FP Markets?
AU$100 or a currency equivalent in AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, or SGD, according to the FP Markets website.