Comparing FP Markets against three other ASIC-regulated brokers using the community’s rating system. The ‘fund security’ score seems high, but I’m skeptical about user-generated metrics. For those who relied on these ratings - how accurately did they reflect real-world experiences with withdrawals, slippage, and regulatory compliance?
Ratings match my slippage tests.
The weighted rating system prioritizes verified traders with >100 lots traded. FP Markets’ 4.3/5 fund security score aligns with my audit of 342 withdrawal cases (97.1% processed <48h). Cross-reference the ‘Regulatory Actions’ filter - brokers with unresolved disputes get automatically downgraded regardless of other scores.
Checked ratings against my Pepperstone account. FP Markets scored lower on execution speed but higher on compliance. Matched my experience when both had volatile spreads.
Ignore reviews older than 6 months. Recent ones are accurate.
The rating’s strength is showing trends. FP Markets’ compliance score dropped 0.4 points in March when ESMA changed rules but recovered as they updated processes. Look at the 90-day graph, not just current numbers. Saved me from switching to a broker that looked good on paper but had declining reliability.