FPM

FPM, operating under the corporate name Forex Price Market Ltd, is an online forex and CFD broker founded on 24 April 2020. The company is registered in Belize with its registered address at New Horizon Building, Suite 105, 3 1/2 Miles Philip S.W. Goldson Highway, Belize City, Belize, C.A. FPM presents itself as a provider of retail trading services, offering access to global financial markets through leveraged instruments.

FPM is not regulated by any recognised financial authority. The broker is incorporated in Belize, a jurisdiction known for its light regulatory oversight. While Belize does have a financial services commission (IFSC), FPM does not hold a licence from this or any other regulator. This absence of regulation means that client funds are not protected by any investor compensation scheme, and the broker is not subject to the stringent operational standards required by major regulators such as the FCA, CySEC, or ASIC. According to FXCanary's assessment, this lack of oversight represents a significant risk factor for traders.

FPM offers the MetaTrader 4 (MT4) platform, a popular choice among retail forex traders due to its reliability and extensive charting tools. The platform is available for desktop, web, and mobile devices, ensuring traders can access their accounts from anywhere. The broker does not provide a comprehensive list of instruments on its homepage, but typical offerings for a broker of this type include major, minor, and exotic forex pairs, indices, commodities, and possibly cryptocurrencies. The specific range of instruments is not detailed on the website.

FPM advertises a minimum deposit of $100, making it accessible to retail traders with limited capital. The broker offers micro lot trading from 0.01 lots, which allows for precise position sizing. Spreads are quoted from 1.8 pips on major pairs, though the exact spreads on other instruments are not specified. Leverage levels are not explicitly stated on the homepage, but brokers in Belize often offer high leverage. Traders should verify account types directly with the broker, as the website does not provide detailed information on multiple account tiers.