FP Markets adds exotic FX pairs from Africa, LATAM, Asia to MT4/5 offering
“As a top-tier broker, our objective is always client satisfaction. Therefore, the additional currency pairs, which can be traded either through our MT4 or MT5 trading platforms, offer investors choice and flexibility when trading in the currency market”.
FP Markets has made new exotic currency pairs available through the FX and CFD broker’s MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
The new basket of FX pairs is focused on currencies from African, Latin America, and Asian jurisdictions, traded against the US dollar. The new exotic FX offering includes:
- Kenyan shilling
- Ugandan shilling
- Chilean peso
- Colombian peso
- New Taiwan dollar
- Zambian kwacha
- Botswana pula
Global FX market reached daily volume of US$7.5 trillion
FP Markets’ exotic currency pairs offering follows foreign exchange market record trading volumes in 2022, with an eye-popping US$7.5 trillion per day, up from US$6.6 trillion three years earlier.
The exploding volatility has shown there is much demand for established FX and CFD brokers such as FP Markets, which can easily add more exotic currency pairs to the liking of its user base.
The CFD broker’s additional instruments have brought the total offering in the Forex space to more than 70 currency pairs, which complement its wide range of financial products, including commodities, equity indices, individual equities, cryptocurrencies, bonds, and ETFs.
Craig Allison, Head of Europe, Middle East and Africa at FP Markets, commented: “As a top-tier broker, our objective is always client satisfaction. Therefore, the additional currency pairs, which can be traded either through our MT4 or MT5 trading platforms, offer investors choice and flexibility when trading in the currency market”.
FP Markets was founded in 2005 and provides clients with more than 10,000 tradable instruments. Using Raw pricing, clients also receive aggregate pricing across several top-tier liquidity providers.
FP Markets revamped IB program
Earlier this month, FP Markets revamped its IB program, designed to remunerate and reward introducers and partners that refer clients to FP Markets. The new and updated IB portal allows introducing brokers to view their clients’ traded volumes and Sub-IB networks, as well as to produce bespoke reports using analytics tools.
It also enhances transparency with its introducing broker partners as they can now closely follow the client journey from approval status to deposits and withdrawals.
The introducing broker program by FP Markets features:
- An advanced user-friendly Dashboard that provides a snapshot of latest and all time account activity,
- Data visualisation tools to view month-by-month performance.
- Improvements to the referral link function allowing IBs to choose from a variety of landing pages which meet their target market needs and help optimise conversion.
- Detailed Visualisation of multilevel IB hierarchies allowing every partner to easily access their commission plans which are broken down per instrument category.
- The procedure of transferring rebates/commissions has been streamlined to ensure smooth and swift transactions, and a variety of withdrawal options are available to partners.
- A brand new marketing section has been added to the IB Portal to assist IBs in attracting new clientele through the use of marketing material available in multiple languages,
- Direct access to the Partners Hub for all the latest news, interviews, and tutorials.
The broker operates in Australia with an ASIC license, the European Union with a CySEC license, and has an offshore entity registered in Saint Vincent and the Grenadines.
