EMD Capital Broker Review – What Does This Broker Offer? GET THE FACTS
EMD Capital is a leading online forex and CFD brokerage platform that is committed to providing 24/7 professional services to clients in all parts of the globe. The company grants people access to the financial markets, allowing them to trade forex pairs, cannabis stocks, and CFDs. Traders can also open a savings account with EMD Capital. The company is duly regulated and compliant with the financial market policies, aimed at boosting transparency in the industry. The banking system available is safe and secure, plus they accept a wide range of payment options. They also have a tight security protocol that makes it easier and safer for traders to deposit and withdraw funds. The security measures also ensure the safety and confidentiality of users’ personal information. The customer support team is active 24/7, which is a significant advantage for the platform. Let us learn more about EMD Capital.
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EMD Capital Review
EMD Capital is owned and operated by Ventures International LTD based in Sofia, Bulgaria. The company has been around for a while and complies with all the regulations put in place for financial market service providers. These allow them to provide their services to traders all over Europe and other parts of the world.
EMD Capital strictly adheres to the financial markets’ policies aimed at boosting transparency and protecting user funds and personal data. EMD Capital also strictly follows the Know-Your-Customer and Anti-Money Laundering policies as well as the Counter-Terrorism Financial Act, as it places itself as one of the leading FX and CFD brokerage platforms in the industry. For this reason, traders are required to verify their trading accounts before they can carry out certain operations, such as fund withdrawals.
The company is affiliated with some leading banks in Europe. This has enabled them to effectively separate customer funds from the operational money of the brokerage. The payment system on EMD Capital is also safeguarded and streamlined to make it easy for customers to deposit and withdraw funds. The security measures also ensure that you carry out your transactions without the fear of funds getting lost to hackers.
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EMD Capital Scam – Is This Broker Legit?
EMD Capital is not a scam forex and CFD brokerage platform. The platform is regulated and incorporated in Bulgaria, which gives it the license to operate in Europe and other parts of the world. EMD Capital strictly complies with the AML and KYC, policies as well as the Counter-Terrorism Financial Act which help boost transparency in the financial markets and protect customer funds at all times. EMD Capital’s platform is SSL encrypted, which effectively secures the communication between the host server and the client. As a result, all user funds and personal information are safe at all times. The segregation of user funds with those of the company funds makes it easier for traders to access their capital whenever they wish to. The broker’s affiliation with some leading banks in Europe also helps cement its status as a legit CFD and forex brokerage platform.
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EMD Capital Login
The choice of account types on EMD Capital provide private and institutional clients with access to trade in the global financial markets. The five account types available on the platform are; Basic, Bronze, Silver, Gold, and Platinum. Each of the account types receives a welcome bonus when they deposit funds, however, the welcome bonus percentage differs based on the selected account type. Similarly, all account types get to enjoy customer support 24/6, daily market reviews, access to the education center, live trading webinars, daily video analysis, and price alerts. The other account types, aside from the Basic account, enjoy the presence of a dedicated account manager.
The Gold and Platinum account users also have access to personalized trading strategies and trading signals. Meanwhile, the Platinum account users get to enjoy one-on-one training with some leading experts in the industry. The spreads also differ and decrease as you go higher in the account types. However, all account users get access to the trading platforms and all the trading resources available. Similarly, all trading platforms are available for traders to use, on both mobile and computer devices.
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EMD Capital Demo Account
EMD Capital has a demo account available for its traders. It is an excellent opportunity for traders to see how the platform works and to test their trading strategies. The demo account comes with virtual funds but has all the features available on the live trading platform. As a result, you can check your trading strategies with virtual funds before staking real money. This helps to minimize the risks of live trading.
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EMD Capital makes use of the WebTrader platform, called the EMD Capital Trader. The platform is equipped with excellent features that make it easier for users to access the financial markets and to trade the assets available on the platform. Some of the features available on this trading platform include; trading directly online, no download required, an interactive, user-friendly interface, having access to over 300 tradable assets, a wide variety of trading orders, and quick order execution.
Traders are not required to download any app or software to use the EMD Capital Trader. The platform is compatible with all PC and mobile device browsers. You can access the hundreds of assets available on EMD in addition to the excellent trading tools. Account users can also contact the customer support team and access the educational center from the comfort of the trading platform. All these features work efficiently, making it an excellent platform to trade cannabis stocks, FX pairs, and CFDs.
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EMD Capital provides its clients with a wide range of trading resources. The educational materials on this platform are suited to both new and advanced traders. The broker organizes regular webinars for traders to teach them valuable trading strategies, risk management techniques, and more. All traders also have access to the education center where they can read articles and eBooks on financial market trading. The daily video analysis is also helpful to boost trading accuracy. Platinum account users can also access one-on-one training by some leading trading experts in the industry.
The trading tools available on EMD Capital are designed to make it easier for traders to navigate the online markets. Traders can access the news section where they can keep in touch with the latest events in the financial markets. That way, they can decide which events are significant and how they will affect the prices of assets. The daily market reviews and analysis videos help with fundamental and technical analysis. The live-price chart lets you keep track of the prices of the assets, with the price alert feature notifying you when an asset hits a desired target price. Overall, EMD Capital has a vast array of trading resources that make it easier for traders to effectively carry out their trading activities.
Forex Account Types
Under the forex account type, there are two account types:
The first account available is the Standard account. This account type has a minimum deposit amount of AUD$100 and supports both the MT4 and MT5 trading platforms. FP Markets doesn’t charge commissions for transactions carried out using this account type. The spreads on the Standard account start from 1.0, and traders get to enjoy leverage of 1:500 on financial assets.
The second account type under this category is the Raw account. Raw has a minimum deposit amount of AUD$100 and supports both the MT4 and MT5 trading platforms. Unlike the Standard account, Raw account users are charged $3 as commission for transactions carried out on the platform. The spreads here start from 0.0, and users get to enjoy a leverage of 1:500 on the financial instruments.
Iress Account Types
The Iress account types are individual accounts created to accommodate Iress trading platform users. This trading platform comes with some advanced functionalities and is usually used by experienced traders.
The Standard account type here supports only the Iress trading platform. The minimum deposit amount is AUD$ 1,000, with a commission per lot of $10 AUD min, then 0.1%. The equity CFD margin rates start from 3%, while the FP Markets base rate starts from 4%.
The Platinum account type also supports the Iress trading platform, but not the MT4, MT5, or WebTrader platforms. The minimum deposit amount on the Platinum account is AUD$ 25,000, with a commission per lot of $9 AUD min, then 0.09%. Similar to the standard account, the equity CFD margin rates start from 3%, however, its FP Markets Base Rate begins at 3.5%.
This is the highest account type obtainable at FP Markets, and it supports only the Iress trading platform. The minimum deposit sum here is AUD$ 50,000, with no minimum commission per lot, then 0.08%. The equity CFD margin rates also start from 3%, while the FP Markets Base Rate begins from 3%.
Despite the differences in the features offered to customers, all account users get to enjoy exceptional customer service, have access to a wide range of educational materials and trading tools, as well as access to trade the thousands of financial assets on the platforms. Like many other top brokers, FP Markets also offers an Islamic account tailored for Muslim traders who follow Sharia law.
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FPMarkets Trading Conditions
The market conditions on FP Markets are:
- Trading times are in GMT+2 or GMT+3 (when New York Daylight savings takes effect)
- All the FX currency pairs on FP Markets trade 24 hours a day with a break for two minutes between 23:59 and 00:01.
- The trading week starts on Monday at 00:02 and closes on Friday at 23:57
- Positions can be automatically opened and closed
- Spreads start from 0.0, depending on the account type
- Iress fees and charges differ from that of MT4, MT5, and WebTrader
- The holiday trading hours vary for each of the trading platforms
- Leverage is as high as 1:500 for each of the financial assets
Fees and Spreads
FP Markets doesn’t charge a commission on some of its account types and trades. However, the fees charged by the broker are very reasonable, if applicable. For forex trades on Raw accounts, FP Markets charges 3.50 (AUD) and the same amount for metals. For the Iress account types, FP Markets charges traders a wide range of fees, depending on the country and the financial instruments.
FP Markets offer traders very tight spreads on their trades. For the Standard account users, the spreads start from 1.0 pips, while that of Raw accounts begin from 0.0 pips. The spreads are very competitive and allow traders to take advantage of the opportunities in the markets.
Account Opening Experience
Registering with FP Markets and getting an account with them is usually a simple and straightforward process. Opening an account with them would give you the opportunity to access the financial markets, including stocks, forex, indices, commodities and cryptocurrencies.
To open an FP Markets account, visit the broker’s official site. At the top right corner of the platform, you will see the ‘OPEN LIVE’ tab. Click on the tab, and you will be redirected to the registration page.
The registration process is divided into five stages. In the first stage, you will be required to provide your personal information such as full name, account type, country of residence, email address, and a phone number. In the second stage, you will be asked to provide more details about yourself. The details required include date of birth, residential address, employment status, and occupation.
The third process involves selecting your trading account type. You will be asked to choose your preferred trading platform, account type, and base currency. The final stage is a questionnaire, where the team gets the opportunity to know you. After filling out the survey and agreeing to their terms and conditions, your account will be opened instantly. You can proceed to verify your account, fund it, and start trading your favorite financial instruments.
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Deposit and Withdrawals
FP Markets supports a wide range of payment methods, which makes it easier for traders to fund their accounts quickly. To deposit funds to your FP Markets trading account, follow the steps below:
- Login to your FP Markets trading account and navigate to the ‘DEPOSIT’ button at the top right corner
- Click on the button and choose your preferred method
- Insert your card, PayPal, e-wallet, or bank details and the amount you wish to deposit
- Submit your deposit application, and the funds will reflect in your account instantly.
FP Markets supports numerous payment methods including;
PayPal is one of the largest online payment platforms, and FP Markets supports it. You can deposit funds from PayPal with any of the following currencies; AUD, CAD, EUR, GBP, HKD, JPY, SGD, and USD. There are no transaction fees for MT4 and MT5 trading accounts, but Iress accounts are charged a 2% fee on deposits. The funds will be deposited into your FP Markets account instantly.
This is the most widely used payment method. FP Markets accepts credit and debit cards such as Visa, MasterCard, and a few others. There are no transaction fees for MT4 and MT5 trading accounts, however, Iress accounts are charged 1.6% for AUD and 3.18% for other currencies. You can use credit and debit cards to deposit funds in CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. All transactions are processed instantly, and accounts are credited in less than an hour.
FP Markets also accept payment from electronic wallets. Some of the e-wallets accepted include Neteller, Skrill, Bpay, Fasapay, Poli Pay, PayTrust, and more. User accounts are funded instantly, and FP Markets doesn’t charge transaction fees.
FP Markets accepts both local and international bank wire transactions. It takes 1 business day for the funds to reflect in your bank account. For domestic transactions, there is no transaction fee, while international bank wire attracts a fee of 12.5 AUD per transaction.
Broker to Broker
You can transfer your funds from another brokerage platform to FP Markets. It takes one business day for the funds to reach your FP Markets trading account. For domestic transactions, there are no transaction fees, while an international brokerage transfer attracts a fee of 25 AUD per deposit.
Similar to the deposit of funds, you can easily withdraw your earnings from FP Markets, however, you need to verify your ID and residence before you are allowed to withdraw your funds. To withdraw your earnings from FP Markets, kindly follow these steps:
- Login to your FP Markets trading account and click on the ‘TRADING’ icon on the top right corner
- Navigate to ‘FUNDS WITHDRAWAL’ and click on it.
- Choose your preferred withdrawal method and insert your details
- Provide the amount you wish to withdraw and submit the request
- Your request is reviewed and approved in less than an hour, if all documentation is provided, and your account will be credited. For bank wire transfer, it could take more than a day for the funds to reach your bank account.
FP Markets require users to verify their accounts before they can withdraw funds or carry out any other transaction.
Proof of Identification
FP Markets requires you to prove your identity in accordance with the AML and KYC policies. The accepted documents are:
- National ID card
- Driver’s license
- International passport
The copies to be submitted need to be clear and must show the name of the trader, date of birth, signature, and other essential information.
Proof of Residence
FP Markets also require users to verify their address. Some of the documents accepted include:
- Utility bills (electricity, water, others)
- Bank statement
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FP Markets Trading Platform
FP Markets is unique in that it supports four different trading platforms. The MT4 and MT5 are the most popular trading platforms as they are used by a wide range of traders and are also offered by many top-notch brokers. FP Markets traders using these trading platforms get to enjoy fast order execution, demo accounts, expert advisors (EAs), multiple price charts, pending orders and trailing stop orders, live streaming on both demo and live trading accounts, market news, one-click trading, and a wide range of other features.
FP Markets also uses the WebTrader platform, which is the easiest to use since it doesn’t require any software download. The WebTrader platform comes with several tools, such as a demo account, market news, economic calendar, market analysis, price charts, and more.
Lastly, FP Markets also supports the Iress trading platform. This is a new and improved active trading platform that comes with advanced functionalities. This enhanced trading tool makes it more suited for highly experienced traders. You can enjoy features such as multiple trading portfolios, access to accurate exchange pricing and market depth, real-time price streaming of assets, easy to use interface, improved browser notifications, and more.
Regardless of the trading platform you use, traders will have access to the thousands of assets on FP Markets and will enjoy the exceptional customer service provided.
Education and Resources
FP Markets has a vast catalog of educational materials available to help traders better understand the markets. Traders can take trading courses to learn new strategies about trading. They also have access to eBooks, video tutorials, a glossary, and a newsletter. The materials are available to both new and existing traders to help them gain more knowledge of trading online.
Similarly, FP Markets provides traders with various trading tools. Traders can access some tools such as daily market news, the week ahead report, daily market report, economic calendar, market analysis, and more. These tools enable traders to keep track of the latest events within the markets and to make informed trading decisions.
The customer service at FP Markets is exceptional. The team is comprised of highly professional and friendly members, who have an in-depth knowledge of the financial markets. They handle customer issues instantly to ensure that traders get to trade financial assets conveniently. You can contact the customer care team via a phone call, email, or the live chat feature available on the site.
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Frequently Asked Questions (FAQs)
Is FPMarkets Regulated?
FP Markets is regulated by the ASIC. As a regulated company, FP Markets adheres to the local and international policies guiding the financial markets, including the AML and KYC policies.
What is FP Markets?
FP Markets is an Australian-based forex and CFD brokerage company that provides traders all over the world with access to the financial markets. Traders can trade stocks, currencies, cryptos, indices, commodities, futures, options, and metals on FP Markets. The platform charges users transaction fees and trading fees in exchange for their services.
Who has Experience with FP Markets?
FP Markets is designed for all classes of traders. The trading platforms and tools available make it easy for both newbie and experienced traders to navigate the financial markets. Their services are not limited to Australia as they grant traders in other parts of the world access to the financial markets.
How does FP Markets Work?
FP Markets allow traders to trade thousands of financial instruments available on their platforms. The assets include stocks, forex, cryptos, commodities, metals, indices, and options markets. In exchange, FP Markets charges traders commissions and trade fees for providing them with such services.
How Reputable are FP Markets?
FP Markets is a very reputable online brokerage company. The firm is regulated by ASIC and complies with international and domestic financial policies. Over the past few years, FP Markets has handled trillions of dollars’ worth of transactions from millions of customers around the world. You can be confident that your data and funds are safe, thanks to their robust security protocols.
How do I Open an Account with FP Markets?
To open an account with FP Markets, follow these steps:
- Visit the official FP Markets website
- Click on the ‘OPEN LIVE’ tab
- Provide the necessary details in each of the four registration categories
- Submit your ID and residency verification documents
- Complete your registration and deposit funds to get started.
Where is FPMARKETS Based?
The company’s office is located in Sydney, Australia. You can find them at First Prudential Markets Pty Ltd Level 5, Exchange House 10 Bridge St Sydney NSW 2000 AUSTRALIA
While FP Markets may tick all the right boxes for some traders, it is vital to understand your trading needs and preferences and to find the best broker that meets these needs.
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