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56 Trader

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  1. Are you using a trial account? If this is the case, slippage will be eliminated?
  2. What exactly do you mean by advertising? If you can read, you've probably figured out that this is a "broker discussion" thread. I have every right to talk about the broker with whom I trade. I've been a member of this forum for 5 years and previously participated in ICM discussions when I was trading with them, so why should I hesitate to discuss my current broker, FP Markets? And everything I mentioned in my original post is based on my actual live trading experience and screenshots from sites like Forexfactory, myfxbook, and fxempire. There is no hard and fast rule about what I should and should not discuss. Forums are not just for negative criticism; if my experience with a particular broker has been positive, I can certainly discuss it for the benefit of other traders.
  3. I've been trading for a few years and have dealt with a variety of brokers, both reputable and shady. Overall, I've had a mixed bag of experiences. However, it makes me wonder if there is any particular reason why a broker like FP Markets has not received the attention that they most likely deserve among traders. Whereas shady brokers (even those that are not regulated) have received a lot of attention in forums. I've been trading with them for almost a year now, and they seem to tick all the boxes that a Trader would require. FP Markets has been in operation for 15 years (Operational since 2005). Have several licenses, including ASIC, Cysec, and, most recently, an offshore one (st.vincents). What matters most to a trader are the trading conditions—spreads, execution speed, and commission. According to my observations, FP Markets' trading conditions appear to be significantly better than those of other similar or even larger brokers. For most of the day, their spreads (on their ECN / RAW Account) are right up there (check below) I believe the commission they charge (6$ per round lot) is lower than that of other similar ECN pricing brokers. (on average, $7) I am not an employee of FP Market, nor am I an IB/Affiliate for them. I just wanted to share my personal experience with FP Markets so that other traders can learn from my mistakes and avoid dealing with shady brokers.


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