First Prudential Markets

FP Markets (First Prudential Markets) is an Australian contract for differences (CFDs) and forex trading broker headquartered in Sydney at Exchange House 10 Bridge in the adjoining building to the Australian Securities Exchange (ASX).[1][2]

First Prudential Markets
TypePrivate
IndustryFinancial Services
Founded2005
FounderMatthew Murphie
Headquarters
Sydney
,
Australia
ProductsContract for Differences (CFDs), Forex Trading, Commodities
Number of employees
95 (2019)
Websitewww.fpmarkets.com

History

FP Markets was founded in Sydney, Australia in 2005 after receiving an Australian Financial Services Licence from the Australian Securities and Investments Commission ("ASIC").[2][1]

In 2016, FP Markets was one of a number of retail forex brokers in Australia who lobbied against new client money laws proposed by the Australian government.[3][4]

In 2018, First Prudential Markets was licensed by the Cyprus Securities and Exchange Commission.[5][6][7]

In 2018, FP Markets Secured a Sponsorship Deal with South African golf academy, ASM Academy.[8]

Founder Matthew Murphie is also on the board of the Australian CFD & FX Association.[9]

In 2019, FP Markets was awarded the Best Global Forex Value Broker Award at the Global Forex Award held in Limassol, Cyprus.[10]

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[11]

References
  1. "First Prudential Markets: Australia's Leading Forex Broker". www.apacbusinessheadlines.com. Retrieved 23 June 2020.
  2. "Search ASIC Registers". connectonline.asic.gov.au. Retrieved 23 June 2020.
  3. "CFD industry divided over segregation of client funds legislation". Australian Financial Review. 6 April 2016. Retrieved 23 June 2020.
  4. "New online FX broker group rails against client money laws". Australian Financial Review. 10 January 2016. Retrieved 23 June 2020.
  5. "Exclusive: FP Markets Managing Director Reveals Plans of Global Expansion | Finance Magnates". Finance Magnates | Financial and business news. 9 August 2018. Retrieved 23 June 2020.
  6. "First Prudential Markets Ltd". Cyprus Securities and Exchange Commission.
  7. "Exclusive: FP Markets Acquires CySEC License | Finance Magnates". Finance Magnates | Financial and business news. 22 March 2019. Retrieved 23 June 2020.
  8. "FP Markets Secures Sponsorship Deal with ASM Academy | Finance Magnates". Finance Magnates | Financial and business news. 5 March 2018. Retrieved 23 June 2020.
  9. "Directors – CFD & FX Association". Retrieved 23 June 2020.
  10. "FP Markets Awarded Best Global Forex Value Broker at the Global Forex Awards 2019". finance.yahoo.com. Retrieved 23 June 2020.
  11. 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.
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