First Prudential Markets
FP Markets (First Prudential Markets) is the trade name of FP Markets Group of Companies, a global online investment company. FP Markets offers financial services to retail investors through contracts for difference (CFD) trading.
 | |
Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2005 |
| Founder | Matthew Murphie |
| Headquarters | , Australia |
Key people | Craig Allison (CEO) |
| Products | Contract for Differences (CFDs), Forex Trading, Commodities |
Number of employees | 250+ (2024) |
| Website | www.fpmarkets.com |
FP Markets (First Prudential Markets) is the trade name of FP Markets Group of Companies, a global online investment company.[1][2]
FP Markets offers financial services to retail investors through contracts for difference (CFD) trading.[3][4][5]
History
[edit]First Prudential Markets was founded in 2005[6] in Australia by Matt Murphie,[7] who is also on the Board of the Australian FX and CFD Association.[8][9] The company’s CEO is Craig Allison.[10][11]
The company’s headquarters are in Sydney, Australia, with Group companies in Cyprus, South Africa, Kenya, Seychelles, Bahamas, Mauritius and St. Vincent & the Grenadines. FP Markets Group of Companies currently employs over 250 people globally.[1][2]
FP Markets provides CFD trading on forex, stocks, indices, commodities, digital currencies and Exchange Traded Funds (ETFs) via electronic trading platforms, such as MetaTrader, cTrader, TradingView and Iress.[12][13] The company’s products vary depending on region and regulations.[14]
In 2016, following new client money laws proposed by the Australian government, FP Markets was one of a number of retail forex brokers in Australia who lobbied to protect their clients by enabling brokers to hedge exposures.[15][16]
In 2018, FP Markets entered a sponsorship agreement with the ASM Academy, a golf academy based in South Africa.[17]
FP Markets was awarded Best Global Forex Value Broker for five years in a row (2019-23) at the Global Forex Awards.[18][19]
On 12 May 2020, FP Markets was named as the Forex and CFDs broker with the Best for Quality of Trade Execution in 2019, which was announced in the internationally recognized Investment Trends 2019 Australia Leverage Trading Report.[20]
FP Markets launched its Social Trading application in 2021,[21] and announced a partnership with New York based social charting app TradingView in 2024.[22][23]
FP Markets partnered with Cricket Brasil, a member of the International Cricket Council, in December 2023 as part of an ongoing joint initiative to help foster positive changes in Brazil through education, infrastructure upgrades, and community engagement.[24][25][26] In December 2023, FP Markets (Cyprus) was also certified as a Great Place to Work.[27]
Regulations and licensing
[edit]In the EU, First Prudential Markets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License No: 371/18).[28][29][30]
In 2007, the EU Markets in Financial Instruments Directive (MiFID) came into force, allowing firms regulated in Cyprus, such as FP Markets, to provide investment services anywhere in the European Union.[31] As part of its CySec authorisation, FP Markets is also a member of the Investor Compensation Fund (ICF).[32]
First Prudential Markets Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC AFS License No: 286354) in Australia.[33][34]
FP Markets LLC is a registered company in St. Vincent & the Grenadines (Limited Liability Company Authorisation No. 126 LLC 2019).
FP Markets (Pty) Ltd is regulated by the Financial Sector Conduct Authority in South Africa (FSP Number 50926).[35]
First Prudential Markets Limited is Regulated by the Financial Services Authority (FSA License No. SD 130) of the Seychelles.[36]
FP MARKETS LIMITED has a non-dealing Foreign Exchange Broker License by the Capital Markets Authority (CMA) of Kenya (License No.103).[37][38]
References
[edit]- ^ a b "First Prudential Markets: Australia's Leading Forex Broker". www.apacbusinessheadlines.com. Retrieved 23 June 2020.
- ^ a b "Search ASIC Registers". connectonline.asic.gov.au. Retrieved 23 June 2020.
- ^ https://www.financemagnates.com/forex/brokers/fp-markets-lists-over-550-stock-cfds-from-different-global-markets/
- ^ https://www.fca.org.uk/consumers/financial-terms?name=c#Contracts%20for%20Difference%20(CFDs)
- ^ https://corporatefinanceinstitute.com/resources/derivatives/contract-for-difference-cfd/
- ^ https://abr.business.gov.au/ABN/View/16112600281&sa=D&source=docs&ust=1722525898604489&usg=AOvVaw2WiMqWPPzz2Pb3MQNmGgyc
- ^ "Directors – CFD & FX Association". Retrieved 23 June 2020.
- ^ https://apacbusinessheadlines.com/forex_trading_web_version-fp-markets/
- ^ https://directory.financemagnates.com/forex-executives/matthew-murphie/
- ^ https://finance.yahoo.com/news/interview-fp-markets-chief-executive-164736387.html?guccounter%3D1%26guce_referrer%3DaHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8%26guce_referrer_sig%3DAQAAAF1LOwwuWDjgNyR5yQAFR5j9Lc-zYcySwdPIHpik1F7-5DHkmqayPlE_mJNZXWYzwpigmuVZBaj2NxD2E6JBvis7bY3TBpmLqLl22xb84KD_sYi0LYJM8PU82Max-zWRPtLR2k1iwkdn38U573uW2mAWB1TtZhaxhCh6Xe7CTu6V&sa=D&source=docs&ust=1722525898631654&usg=AOvVaw3W_elWDQsMvwQ-SHddG-f-
- ^ https://www.financemagnates.com/executives/moves/fp-markets-secures-craig-allison-head-global-development/&sa=D&source=docs&ust=1722525898631693&usg=AOvVaw36HmGPdADXtLtpFPTOfQJs
- ^ https://www.newswire.ca/news-releases/fp-markets-expands-its-commodity-cfds-offering-adding-lead-nickel-aluminium-zinc-and-copper-and-spot-silver-amp-gold-vs-a-range-of-cross-currencies-865783267.html
- ^ https://www.financemagnates.com/forex/fp-markets-boosts-client-offerings-with-integration-of-tradingview/
- ^ https://www.financemagnates.com/forex/african-expansion-continues-fp-markets-acquires-kenya-license/
- ^ "CFD industry divided over segregation of client funds legislation". Australian Financial Review. 6 April 2016. Retrieved 23 June 2020.
- ^ "New online FX broker group rails against client money laws". Australian Financial Review. 10 January 2016. Retrieved 23 June 2020.
- ^ "FP Markets Secures Sponsorship Deal with ASM Academy | Finance Magnates". Finance Magnates | Financial and business news. 5 March 2018. Retrieved 23 June 2020.
- ^ "FP Markets Awarded Best Global Forex Value Broker at the Global Forex Awards 2019". finance.yahoo.com. Retrieved 23 June 2020.
- ^ https://finance.yahoo.com/news/fp-markets-claims-hat-trick-103100575.html
- ^ Markets, F. P. "FP Markets Rated by Investment Trends as the Best for Quality of Trade Execution 2019". www.prnewswire.com (Press release). Retrieved 23 June 2020.
- ^ https://www.financemagnates.com/thought-leadership/fp-markets-launches-fp-markets-social-trading/
- ^ https://www.aap.com.au/aapreleases/cision20240119ae16427/
- ^ https://www.newswire.ca/news-releases/fp-markets-partners-with-industry-leading-platform-provider-tradingview-815158087.html
- ^ https://cricketbrasil.org/en/fp-markets-enhances-its-corporate-social-responsibility-csr-programme-with-sponsorship-of-the-cricket-brasil-youth-development-programme/
- ^ https://www.icc-cricket.com/news/fp-markets-enhances-its-corporate-social-responsibility-csr-programme-with-sponsorship-of-the-cricket-brasil-youth-development-programme
- ^ https://markets.businessinsider.com/news/stocks/fp-markets-enhances-its-corporate-social-responsibility-csr-programme-with-sponsorship-of-the-cricket-brasil-youth-development-programme-1032890839
- ^ https://www.greatplacetowork.com.cy/company/fp-markets/
- ^ https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/82198/
- ^ "First Prudential Markets Ltd". Cyprus Securities and Exchange Commission.
- ^ "Exclusive: FP Markets Acquires CySEC License | Finance Magnates". Finance Magnates | Financial and business news. 22 March 2019. Retrieved 23 June 2020.
- ^ "MiFID II | European Securities and Markets Authority".
- ^ "CySEC Introduces Changes to Investor Compensation Fund | Finance Magnates". 13 March 2019.
- ^ https://download.asic.gov.au/media/2639079/029169364.pdf [bare URL PDF]
- ^ https://connectonline.asic.gov.au/RegistrySearch/faces/landing/panelSearch.jspx?searchType=OrgAndBusNm&searchText=112600281
- ^ "FP Markets Wins 'Best Trading Experience - Africa' at FAME Awards 2024". Morningstar, Inc.
- ^ "First Prudential Markets Limited".
- ^ "Licensees/ Market Players – Capital Markets Authority".
- ^ "FP Markets Wins 'Best Trading Experience - Africa' at FAME Awards 2024". Morningstar, Inc.