Is FP Markets Available in Hungary as of 2024?

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FP Markets is a forex and CFD broker that offers online trading services to traders and investors worldwide. Its headquarters is located in Sydney, Australia. The broker provides access to over 10,000 trading instruments, including forex, shares/stocks, indices, commodities, metals, bonds, and cryptocurrencies. FP Markets is regulated by multiple top-tier jurisdictions, including ASIC, CySEC, FSCA, FSA in Seychelles, and FSC in Mauritius. FP Markets gives access to popular trading tools and platforms such as MT4, MT5, cTrader, TradingView, Trading Central, Autochartist, and more.

If you are a trader residing in Hungary, you might be wondering whether FP Markets is available in your country. The answer is “Yes,” FP Markets is available in Hungary. In this blog post, we will explore the features, pros, cons, and more of FP Markets for traders in Hungary. Additionally, we’ll cover details about opening an account, deposit options, and withdrawal methods. Our goal is to provide you with the information you need to better understand FP Markets as a forex and CFD broker.

Can I Trade with FP Markets in Hungary?

Yes, You can trade with FP Markets in Hungary. The broker is available in Hungary. It is an online forex broker that offers its services worldwide, including Hungary. The broker is regulated in five different jurisdictions around the world: ASIC, CySEC, FSCA, FSA in Seychelles, and FSC in Mauritius. Traders from Hungary can trade under either its EU or global entity SVG or FSA  jurisdiction. 

FP Markets Overview

FP Markets Overview
  • Founded In: 2005
  • Founder: Matthew Murphy
  • Headquarters: Sydney, Australia
  • Minimum Deposit: 100 AUD or equivalent.
  • Maximum Leverage: 500:1
  • Regulations: ASIC, CySEC, FSCA, FSA
  • Trading platform: MT4, MT5 and Ctrader 
  • Account Types: Islamic, Account Funding, Fund withdraw
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
  • US Clients: Not Accepted

Yes, FP Markets is legal in Hungary. FP Markets is a global forex broker, it is regulated by top-tier authorities around the world. Moreover, there are no restrictions on FP Markets imposed by any authorities in Hungary. Therefore, you can trade forex confidently with FP Markets in Hungary without any legal concerns. 

Is FP Markets Regulated in Hungary?

No, Eightcap is not directly regulated in Hungary. However, the broker is regulated by CySEC, which is an EU jurisdiction that covers the traders of  Hungary. Additionally, FP Markets is also regulated by other authorities such as ASIC, FSCA, FSA in Seychelles, and FSC in Mauritius. These regulatory frameworks provide traders in Hungary with the assurance of a secure and compliant trading environment.

Is FP Markets Safe and Trustworthy in Hungary?

 Yes, FP Markets is committed to providing a safe and trustworthy trading environment for traders worldwide including Hungary. Here’s how FP Markets ensures your safety:

Top Tier Regulations:

FP Markets is regulated by top regulatory authorities including ASIC, CySEC, FSCA, FSA in Seychelles, and FSC in Mauritius. These regulatory bodies set stringent standards and conduct regular audits to ensure the broker’s compliance with industry best practices. This multi-layered regulatory framework enhances transparency and accountability which gives you peace of mind as you trade.

Segregated Clients Fund:

FP Markets takes great care of client funds by storing them in separate bank accounts with top-tier banks. This ensures that clients’ money is clearly distinguished from the company’s funds. As a result, neither FP Markets nor its creditors can access or control clients’ funds.

Negative Balance Protection:

FP Markets offers negative balance protection to its retail clients. This feature ensures that your account balance can never go below zero. It prevents you from incurring debts beyond your initial investment. It’s an additional layer of security that shields you from extreme market volatility and unexpected price movements.

Investor Protection:

FP Markets provides investor protection to clients in the EU, UK, and Australia. However, it doesn’t extend this protection to its global entities in the jurisdictions of FSA in Seychelles, FSCA, and FSC in Mauritius. As a resident of Hungary, if you onboard under its CySEC jurisdiction, you will receive investor protection. If you open a trading account under  SVG or FSA in Seychelles, the investor protection scheme will not be applicable to you.

How to Trade with FP Markets in Hungary

FP Markets facilitates traders’ opening of trading accounts digitally. As a trader in Hungary, you can open a trading account with simple steps. It may take less than 5 minutes to create an account. Here is the step-by-step guide for opening a trading account 

Step 1. Research and Understand the Broker:

Before trading with FP Markets, a trader should thoroughly research and understand the broker. FP Markets is regulated by reputable authorities like ASIC, CySEC, FSCA, FSA in Seychelles, and FSC in Mauritius, which ensures a level of security and trustworthiness. Investigate FP Markets’s offerings, including the types of accounts available, the range of tradable assets, and the trading platforms supported. Additionally, read reviews and feedback from other traders to gauge their experiences. Understanding the broker’s regulatory status, fees, and services will help you make a better decision about trading with FP Markets.

Step 2. Create an FP Markets Account:

To create an FP Markets account,  visit the FP Markets website and click on the “Sign Up” or “Create Account” button. You will be required to fill in your personal details such as your name, email address, phone number, and country of residence (Hungary). After providing this information, you must complete the account verification process. This involves submitting documents like a proof of identity (passport or national ID) and a proof of address (utility bill or bank statement). Verification is essential for complying with regulatory requirements and ensuring the security of your account.

Step 3. Deposit Funds:

Once your FP Markets account is set up and verified, the next step is to deposit funds. FP Markets offers various funding methods, including bank transfers, credit/debit cards, Paypal, Cryptocurrencies, and electronic wallets like Skrill and Neteller. Log in to your FP Markets account, go to the deposit section, choose your preferred funding method, and follow the instructions to deposit funds. FP Markets does not charge any deposit fees. However, be mindful of any fees or processing times associated with your chosen deposit method. The minimum deposit of FP Markets is $100 or equivalent. 

Step 4. Download Trading Platform:

FP Markets supports two widely used trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Ctrader, and TradingView. Besides, the broker also offers the VPS, Economic Calendar, MAM/PAMM accounts, Autochartist, Trading Central, etc. Choose the platform that best suits your trading needs. Download the chosen platform from the FP Markets website and install it on your computer or mobile device. Once installed, log in using your FP Markets account credentials. Both MT4 and MT5 offer a range of tools and features, including advanced charting, technical analysis tools, and automated trading capabilities, which can enhance your trading experience.

Step 5. Start Trading:

With your account funded and the trading platform set up, you are ready to start trading. Start trading by performing market analysis using the various tools and resources available on MT4 or MT5. Choose the assets you want to trade, set your order types (such as market orders, limit orders, etc.), and place your trades. You should implement risk management strategies, such as setting stop-loss and take-profit levels, to protect your investments. Regularly monitor your trades and the market to make informed decisions and adjustments as necessary. Continuously educate yourself and stay updated with market trends to improve your trading skills and strategies.

How to Deposit Funds on FP Markets in Hungary

 Depositing funds on FP Markets is easy and simple in Hungary. Here are the steps 

  1. Log in to your FP Markets account using your username and password.
  2. Click on the ‘Funding’ section, usually found in your account dashboard.
  3. Choose how you want to deposit money. You can use a credit/debit card, bank transfer, or an e-wallet.
  4. Enter the amount you want to deposit.
  5. Fill in any required information, like your card details or bank account information.
  6. Check everything carefully to make sure it’s correct.
  7. Click to confirm the deposit.
  8. Wait for the deposit to go through. It might happen right away or take a bit of time, depending on your chosen method.
  9. Once it’s done, the money will be in your FP Markets account, ready for you to start trading.

How to Withdraw Funds From FP Markets in Hungary

Withdrawing funds from FP Markets is almost the same for all countries, including Hungary. Here are the steps to follow.

  1. Log in to your FP Markets account using your username and password.
  2. Go to the ‘Withdraw Funds’ section, typically located in your account dashboard or under the ‘Funding’ tab.
  3. Select the withdrawal method you prefer. Common options include bank transfer, credit/debit card, or e-wallet.
  4. Enter the amount you wish to withdraw.
  5. Provide any necessary details, such as your bank account information or e-wallet address.
  6. Double-check all the information to ensure accuracy.
  7. Confirm the withdrawal request.
  8. Wait for the withdrawal request to be processed. This may take some time depending on the withdrawal method and FP Markets’s processing times.
  9. Once processed, the funds will be transferred to your chosen withdrawal method and should appear in your designated account.

Pros and Cons of FP Markets for the Traders of Hungary

Pros:

  • Regulated by ASIC, CySEC, FSCA, FSA in Seychelles,  FSC in Mauritius, SVGFSA (FSA in St. Vincent and the Grenadines 
  • The Maximum leverage is 1:500
  • Offers popular trading platforms like MT4, MT5, cTrader, WebTrader, TradingView, Autochartist, Trading Central, etc 
  • Hedging, Scalping, EA/Robot, and Copy trading are allowed 
  • Easy, Fast, and Digital account opening
  • Offers passive investment programs like MAM, PAMM Accounts
  • Faster order execution (40ms) 
  • FP Markets offers consistently tighter spreads from 0.0 pips

Cons :

  • No FCA regulation. 
  • The Minimum deposit is $100, which might be high for a beginner
  • High Stock CFD fees 
  • US traders are not accepted 
  • Only two types of accounts ( Standard, Raw) 

Features of FP Markets for the Traders in Hungary

The traders of Hungary are under FSA regulation. Here are the features of FP Markets in Hungary. 

Leverage:

The maximum leverage of FP Markets for clients in Hungary is 1:30. However, if you create an account under its global entity, you may receive higher leverage up to 1:500. Additionally, Pro accounts in the EU also have a higher leverage of 1:500. Leverage is a powerful tool in forex trading that enables traders to control larger positions with a smaller amount of capital.

Minimum Deposit:

The minimum deposit at FP Markets is $100. This applies to traders from all countries, including Hungary. It is also applicable to all types of accounts that FP Markets offers. 

Fees and Commissions:

FP Markets offers very competitive commissions and trading fees. The broker provides two account types: Standard Account and Raw Account. The Standard Account is spread-based, while the Raw Account is commission-based. The spread for the Standard Account starts from 0.1 pips, and the commission for the Raw Account is $3 per lot per side

Trading Platform:

FP Markets provides a variety of trading platforms for traders worldwide, including those in Hungary. These platforms include:

  • MetaTrader 4
  • MetaTrader 4
  • CTrader 
  • TradingView 

Each of these platforms offers advanced charting tools, a wide range of technical indicators, and rapid execution. You can use any platform according to your preference

Account Types:

FP Markets primarily offers Two types of accounts: the Standard account, Raw account, 

  • Standard Account: Spread-Based Account- Spreads starting from as low as 0.1pips 
  • Raw Account: Fixed $3 per lot per side commission 

This provides traders in Hungary with the flexibility to open a trading account that suits their needs

Trading Instruments:

FP Markets offers over 10000 financial instruments for traders in Hungary. You can access over 70+ forex currency pairs, 10000+ Stocks/shares, 19 major global indices, commodities, metals, bonds, cryptocurrencies, and more. This range allows traders to diversify their portfolios and capitalize on different markets. 

Trading Hours:

FP Markets ensures that traders in Hungary can engage with the markets at their convenience, offering a 24/5 trading schedule. This means that from Sunday evening to Friday evening (Hungary local time), traders have the opportunity to access and manage their positions. This extended trading window accommodates traders with different schedules and time zones which allow them to capitalize on market movements whenever they see fit.

Customer Support:

FP Markets has dedicated customer support for all its entities. They are professional and responsive. FP Markets offers customer support with the following means 

  • Live Chat 
  • Phone Support 
  • Email Support 
  • Call Back Request: 

What countries are restricted on FP Markets?

FP Markets is a global forex broker offering services worldwide. However, due to regulatory requirements and business decisions, FP Markets does not accept clients from many countries. These countries include Afghanistan, Cuba, Iraq, the Islamic Republic of Iran, Liberia, Libya, Myanmar, Palestine, the Russian Federation, Somalia, the Syrian Arab Republic, Sudan, Yemen, the United States, and jurisdictions on the FATF and EU/UN sanctions lists.

Frequently Asked Questions (FAQ)

Here are the most common questions asked by the traders and investors. 

What is FP Markets?

Founded in 2005, FP Markets is an Australian forex and CFD broker that offers online trading services to traders and investors worldwide. It is a global brand with multiple regulations, including ASIC, CySEC, FSCA, FSA in Seychelles, FSC in Mauritius, and FSASVG. The broker provides access to trade more than 10,000 forex and CFDs on its four platforms: MT4, MT5, IRESS, and cTrader. It also offers tools like Autochartist, Trading Central, free VPS, and social trading. To learn more, you can read our review of FP Markets, where we cover features, pros, cons, and more.

Does FP Markets Work in Hungary?

Yes, FP Markets works in Hungary. You can open a trading account and trade with FP Markets in Hungary. The broker provides access to a variety of markets including forex, commodities, Indices, Currency Indices, Cryptocurrencies, Shares, etc

Is FP Markets Good for Beginners in Hungary?

Yes, FP Markets is good for beginners in Hungary. The broker is highly regulated by multiple jurisdictions. It offers an easy-to-use interface with a wide range of trading instruments, fast execution, and a variety of deposit and withdrawal methods

Does FP Markets Have an Office in Hungary?

No, FP Markets does not have an office in Hungary. However, it has offices in several locations including Australia, Cyprus, Seychelles, St. Vincent and the Grenadines. Even though it doesn’t have an office in Hungary, traders from Hungary can communicate with FP Markets through live chat, phone calls, via emails. 

Does FP Markets Offer Islamic Accounts in Hungary?

FP Markets does not offer swap-free Islamic accounts in its CySEC jurisdiction. However, if you onboard under its global entity, you can have a swap-free Islamic account. A swap-free Islamic account, also known as a Sharia-compliant account, is a type of trading account that adheres to Islamic finance principles. According to Sharia law, earning or paying interest (riba) is prohibited. Therefore, swap-free Islamic accounts do not charge or earn interest on overnight positions.To open an Islamic account, you may send your request via email from your registered email address to onboarding@fpmarkets.com.

Does FP Markets offer any Bonus in Hungary?

FP Markets does not provide bonuses to traders in Hungary or anywhere else globally. This approach aligns with the platform’s focus on transparent and fair trading practices, ensuring that traders engage in the markets based on their knowledge and skills rather than relying on bonuses

Does FP Markets Offer Demo Accounts for Traders in Hungary?

Yes, FP Markets offers demo accounts for traders in Hungary. The demo accounts typically last for 30 days, allowing beginners to practice trading with virtual funds in a risk-free environment. Traders can request to extend the validity of a demo account via live chat or email

Does FP Markets offer negative balance protection in Hungary?

Yes, FP Markets offers negative balance protection to retail clients in Hungary. This means that if your account balance goes into negative territory due to market fluctuations or other factors, FP Markets will bring your balance back to zero. It’s an important safety feature that ensures traders won’t owe more than they initially deposited. However, it’s worth mentioning negative balance protection is not applicable for the traders of all locations. Those outside eligible areas must meet conditions or do without protection. or

Does FP Markets offer Investor Protection for the traders of Hungary?

Yes, FP Markets offers investor protection to traders in Hungary. FP Markets provides investor protection to traders under ASIC, and CySEC, regulations. Since Hungary falls under CySEC regulation, clients in Hungary are covered by an investor protection scheme. However, if you onboard under their global entities such as FSA in Seychelles or SVG for higher leverage and more flexible trading options, you will not receive investor protection, as those global regulators do not offer investor protection schemes

Final Verdict:

FP Markets offers its services to clients around the world, including Hungary. It is one of the most regulated and low-cost forex brokers. The broker is regulated by ASIC, CySEC, FSCA, FSC in Mauritius, FSA in Seychelles, and FSASVG. FP Markets onboards clients from Hungary under its EU, FSA in Seychelles, or SVG jurisdiction. If a trader from Hungary onboards under its global entity, he will receive higher leverage and more flexibility; however, no investor protection. The investor protection scheme is only applicable for its CySEC and ASIC jurisdictions. FP Markets offers various trading platforms and tools, including MT4, MT5, and cTrader.

Additionally, features like TradingView, the Economic Calendar, and PAMM/MAM accounts enhance the trading experience. Therefore, for those in Hungary looking for a trusted and reliable forex broker, FP Markets is a solid option. It provides all the necessary tools and support for successful online forex and CFD trading.

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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