FP Markets – legit or a scam?

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This topic has 3 replies, 2 voices, and was last updated 1 month ago by Maximus@GoldTrading24.

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July 22, 2024 at 09:53 #185239 Reply
Maximus@GoldTrading24
Can I trust FP Markets to be a decent broker? I’m not finding any sketchy stuff online about them but I know you can never be too careful these days.
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- July 22, 2024 at 10:28 #185247 Reply
  Christian Harris
  Participant
  I found them to be a reliable broker.
  
  Check out my review here: https://www.daytrading.com/fp-markets
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  - July 23, 2024 at 07:06 #185381 Reply
    Maximus@GoldTrading24
    Good read thanking you and useful to see FP compared to other companies side by side.
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- July 23, 2024 at 06:46 #185353 Reply
  James Barra
  Moderator
  DayTrading.com Team
  Hi Maximus@GoldTrading24,
  
  Following on from Christian’s message, we scored FP Market 3.8/5 in DayTrading.com’s Regulation & Trust Rating.
  
  It’s got nearly 20 years in the industry and is authorized by two ‘green tier’ regulators:
  - First Prudential Markets Ltd is regulated by the Cyprus Securities & Exchange Commission (CySEC)
  - First Prudential Markets Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC)
  Just keep in mind that if you trade through its offshore entity, which is registered with the FSA in St Vincent and the Grenadines you won’t receive negative balance protection, so you could lose more than your balance.
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