FPT

Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.

Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.

What is FPT？

FPT, also known as FPT Group, is a broker based in Dubai, UAE, currently with no regulations.

Pros & Cons

Pros:

• No Commission: Trading without commission fees means that traders can execute transactions without incurring additional costs, thereby maximizing their profits.

• MT5 Supported: The MetaTrader 5 platform is widely recognized for its advanced features, user-friendly interface, and flexibility, making it a top choice for professional traders.

• Low Minimum Deposit: Having a low minimum deposit of just $79 makes it more accessible for a wider range of traders, particularly those with less capital.

• 24/7 Customer Support: Continuous customer support ensures that traders can get help whenever they need it, which is especially important in the 24-hour trading market.

Cons:

• No Regulation: The absence of regulatory oversight raises concerns about the security of traders' funds and the overall integrity of the trading platform. Lack of regulation can also mean fewer protections in place for traders in case of disputes or insolvency.

IS FPT Legit？

• Regulatory Sight: FPT is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

FPT offers the following market instruments:

1. Forex: Forex trading involves the exchange of one currency for another, and it is the largest and most liquid market in the world.

2. Indices: Traders can access a selection of global stock market indices, so users can speculate on the performance of broader market segments and diversify their investment portfolios.

3. Commodities: Traders can trade precious metals like gold and silver, as well as a range of other commodities including oil, natural gas, agricultural products, and more.

Challenge Types

FPT offers several challenge types for users to choose from. These include Starter, Standard, Professional, Advanced, and Expert. All challenge types enjoy no trading time limit and an account profile split of 90%. They all support challenge fee refunds and expert advisors. The minimum deposit is $79, and the requirement amounts for different challenge types are presented in the table below.

Leverage

FPT offers leverage of up to 1:100 for all challenge types. Leverage allows traders to open positions that are larger than their actual deposit. In this case, with a leverage of 1:100, for every 1 a trader has in their account, they can take a position in the market up to 100. This could potentially amplify profits, but losses can also be amplified, particularly for inexperienced traders.

Trading Platforms

FPT provides users with its own trading platform - FPT Portal, along with the support for MT5.

FPT Portal provides traders with important account metrics to track performance and identify areas for improvement. It also supports an innovative calendar that includes historical events, anticipated price ranges, and news sentiment, which can be leveraged to make strategic trading decisions. The platform includes a customized trading journal which is integrated with the traders' activity, recording every executed trade. Traders have access to a suite of over 40 advanced trading tools designed to enhance their trading capabilities and market understanding.

MetaTrader 5 (MT5) trading platform provides the following features:

1. Advanced charting tools: Analyze price movements with a variety of technical indicators, chart types, and drawing tools.

2. Market analysis: Access real-time market news, economic calendars, and analysis tools to make informed trading decisions.

3. Order execution: Execute trades quickly and efficiently with one-click trading and multiple order types, including market orders, limit orders, and stop orders.

4. Algorithmic trading: Develop, test, and deploy automated trading strategies using the built-in Expert Advisors (EAs) and MQL5 scripting language.

5. Multi-asset trading: Trade a diverse range of financial instruments, including forex, stocks, commodities, and cryptocurrencies, all from a single platform.

6. Mobile trading: Stay connected to the markets and manage your trades on the go with the MT5 mobile app, available for both iOS and Android devices.

Customer Support

FPT provides a certain range of customer support channels with 24/7 availability. These include:

1. Contact Form: The broker includes a contact form, which is a standard and effective way for users to submit inquiries or issues directly through the FPT website.

2. Email Support: Traders can reach out to the support team via email atsupport@fundedprotrader.com.

3. Social Media Channels: FPT actively engages with its clients through various social media platforms, including Discord(they have a discord community), Facebook, Instagram, Twitter, and YouTube. These platforms are not only used for marketing and educational content but also serve as a direct line of communication for support and community engagement.

Conclusion

As a broker, FPT supports users to trade on its own trading platform or MT5. It charges a low minimum deposit and no commissions. It offers 24/7 support. However, it is currently not regulated, and we do not recommend non-regulated brokers.

Frequently Asked Questions (FAQs)

Question: What is the leverage provided by FPT？

Answer: The leverage provided is 1:100 for all challenge types.

Question: Is FPT regulated？

Answer: No, it is not regulated.

Question: Does it support MT4/5？

Answer: Yes, it supports MT5.

Question: What is the minimum deposit required to start trading？

Answer: The minimum deposit required is $79.

Question: Is there a commission charged？

Answer: No, there is no commission charged for trading with FPT.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.