Paul12

From my experience, I can say it is a true ECN broker because I trade with their raw ecn account that offers lower commission costs with a minimum opening balance of $100 AUD.

Real-time trading is not simple as trading in a demo account, and traders need to analyze the market and react quickly.

Forex is not exactly gambling. In general, they are completely different concepts, and traders working in forex for a long time whould know this before going live.

I currently trade with FP Markets. I chose them because of their reliability and robust trading condition, which has some of the lowest spreads and slippages compared to other competitive brokers.

I'm a scalper, so the best condition for me is tight spreads with fast execution speed, and FP Markets provide the best conditions when I trade.

I'm not sure about Markets that have not traded with them, but I use FP Markets, which I find suitable for scalping since the commission cost per lot per round is lower than other ecn brokers, and the slippage is also lower.

The best option would be to trade short term because long term trades for newbies could be risky and quite challenging to trade without much forex experience.

Quick profit is achievable, but it has higher risks and some have even given up on trading because of blowing up their accounts due to greed. Scalping is one of the methods that most trades use for quick profits, but the biggest problem traders that want quick profit lack is stability and risk management skills.

Since you already work with FP Markets, you should know that the spreads are not just tight but also stable and the spreads in ICM are indeed similar to FP Markets, but slippage in FP Markets is lower, and the execution is a bit slower in ICM.

I trade with an lower spread broker FP Markets because I'm a scalper and lower spreads are essential when scalping.

It depends on how you use the leverage offered by a broker. Higher leverage can be risky if it's a loss but effective if traded successfully because its profit is higher.

I currently trade during the New York and London time frame because I trade using EURUSD, and that is when the market seems to be volatile.

Yes, FP Markets is a suitable broker for scalping, and many traders prefer trading with them because they offer some of the lowest spreads in major currency pairs with a faster execution speed.

While trading in demo, the things I learned were, exposure on how the forex market works and getting familiarized with the software before entering into live trading.

I currently trade with one of the oldest broker FP Markets. It has been active since 2005! and has an ASIC regulation. The spreads offered by them are some of the lowest starting at 0.0 pips, and the commission per lot is $3.

A spread is a space between the selling price and buys the price of a currency pair. It can be limited or broader, depending on the currency involved.

You can also consider FP Markets. It is regulated by ASIC and been present for more than 15 years. I currently trade using their ECN pricing, the spreads and commission are tighter and lower when compared with other brokers like FXview and ICM, been trading over a year with FP markets and did not come across any major issues.

In my opinion, FP Markets is a better choice of a broker because of its ASIC regulation and is in business for a decade. The trading conditions offered are good, I trade with their Raw spreads account in their MT4 platform and have not faced any issues so far.

Started trading with FP Markets, Im a scalper and i must say they are a reliable broker regulated by ASIC and there are no hidden cost in addition to the spreads/commissions that are advertised. I scalp with FP Markets Raw spreads account mainly as the minimum spread for trading EUR/USD is 0.0 pips which is lower compared to the rest of the competitors.

I've been trading with FP Markets for a while now and it is a reliable broker. Based on the reviews, seems FP Markets have a good reputation overall, looking for reviews from traders in this forum using FP Markets before i decide.

Does FP Proivde Swap free account ? and Will there be any fee if i don't use my trading account for some time ?

Hi Jason,FP Markets spreads are some of the lowest compared to other brokers, EURUSD for example is 0.0pips for most parts of the day and their commission charges are very competitive too.So considering the costs, definitely suitable for scalping.

I'm trading with FP Markets for over 6 months now, they are indeed a ECN broker. Based on my experience they definitely are reliable, I have a Raw account with them and the spreads are pretty tight though the day, withdrawals have been pretty quick as well.

Yes it can change you, it did to me, i spend most of my time in forex trading and it does help me learn and when you learn the interest of it goes and since i earn extra cash, i am able to live a better life.

Do Your Homework. Find a Reputable Broker. Use a Practice Account. Keep Charts Clean. Protect Your Trading Account. Start Small When Going Live.