FP Markets adds exotic FX pairs from Africa, LATAM, Asia to MT4/5 offering

Rick Steves

“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.

  • Read this next

    Retail FX

    Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

    Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

    Retail FX

    Lark Funding reopens to US traders, MyFundedFX picks cTrader

    Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

    Institutional FX

    Cboe FX volume falls to lowest level since summer

    Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

    Retail FX

    ThinkMarkets secures lucrative DFSA license in Dubai

    Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

    Digital Assets

    New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

    Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

    Digital Assets

    Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

    Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

    Digital Assets

    Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

    Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

    Institutional FX

    Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

    Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

    Industry News

    Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

    In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.

    <