Quick Verdict
| Overall Score | 8.3 / 10 |
| Regulation | ASIC 286354, CySEC 371/18, FSA Seychelles SD130, FSCA 50926, FSC Mauritius GB21026264 |
| Best For | Forex and CFD traders who want low spreads, MT4, MT5, cTrader, TradingView, and strong platform flexibility |
| Min. Deposit | $100 or equivalent |
| Spreads From | 0.0 pips on Raw accounts |
| Max Leverage | Up to 1:500 on international accounts, 1:30 under stricter retail jurisdictions |
| Platforms | MT4, MT5, cTrader, TradingView, WebTrader, Iress, FP Markets App |
| Deposit Methods | Bank transfer, cards, Skrill, Neteller, crypto wallets, broker-to-broker transfer, local methods |
| Withdrawal Speed | Usually 1 to 5 business days, depending on method |
| Verdict | FP Markets is a strong multi-platform forex and CFD broker with low Raw spreads, broad market access, and credible regulation across several entities. The main tradeoff is entity complexity: traders get different protections depending on location and onboarding entity. |
FP Markets Review: Our Take
FP Markets is a regulated forex and CFD broker founded in 2005. It offers access to 10,000+ instruments, Raw spreads from 0.0 pips, and a platform lineup that includes MT4, MT5, cTrader, TradingView, WebTrader, Iress, and mobile trading. That makes it one of the stronger choices for traders who care about platform flexibility and execution-style pricing.
The broker’s biggest strength is its trading setup. FP Markets gives traders the choice between a commission-free Standard account and a Raw account with spreads from 0.0 pips and commission from US$3 per side on international pricing. It also supports EAs, VPS, scalping-style workflows, copy trading tools, MAM/PAMM, Autochartist, Trading Central, and social trading features.
The main risk is not the product range. It is entity structure. FP Markets operates through several group entities, including ASIC, CySEC, Seychelles, South Africa, and Mauritius entities. That gives the group a stronger regulatory footprint than many offshore-only brokers, but traders should check which entity they are opening under before funding an account.
What Is FP Markets?
FP Markets is a global forex and CFD broker offering leveraged trading across forex, shares, indices, commodities, bonds, ETFs, metals, and digital currencies. The broker positions itself as a multi-platform trading provider rather than a basic MT4 broker, with access to 10,000+ instruments and several platform choices for different trading styles.
The broker is best suited to active CFD traders, forex traders, scalpers, EA users, and traders who want Raw pricing with MetaTrader or cTrader. FP Markets is less focused on long-term real-stock investing and more focused on CFD trading, margin trading, and multi-asset market access.
FP Markets has been operating since 2005 and has a much longer public track record than many newer offshore CFD brands. Its Trustpilot profile currently shows a 4.8 / 5 rating from more than 10,000 reviews, which is a strong public reputation signal for customer service and platform experience.
Is FP Markets Regulated? Safety & Licences
Regulatory Licences
| Regulator | Jurisdiction | Licence Number | Verified |
|---|---|---|---|
| ASIC | Australia | AFS Licence 286354 | Yes |
| CySEC | Cyprus / EU | 371/18 | Yes |
| FSA Seychelles | Seychelles | SD130 | Yes |
| FSCA | South Africa | 50926 | Yes |
| FSC Mauritius | Mauritius | GB21026264 | Yes |
| CMA Kenya | Kenya | 103 | Yes, group page disclosure |
FP Markets is regulated, but the level of protection depends on the entity. The Australian entity, First Prudential Markets Pty Ltd, is regulated by ASIC under AFS Licence 286354. The European entity, First Prudential Markets Ltd, is regulated by CySEC under licence 371/18. The international structure includes First Prudential Markets Limited in Seychelles under SD130, FP Markets South Africa under FSP 50926, and FP Markets Mauritius under GB21026264.
This is a stronger regulatory profile than brokers that only rely on one offshore entity. ASIC and CySEC give FP Markets meaningful credibility, and the broker states that client funds are held in segregated accounts separate from company funds. Its FAQ also says client funds are held with AA-rated banks.
The weaker point is that not every client receives the same protection. Traders under ASIC or CySEC entities will have a different protection framework from traders under international entities such as Seychelles, Mauritius, or Saint Lucia-linked structures. For MTR readers, that means FP Markets scores well on regulation, but the final trust level still depends on where the account is opened.
FP Markets’ CySEC entity was also linked to a €100,000 settlement in 2026 concerning possible breaches related to CFD restrictions during the period March 2022 to August 2025. This does not make FP Markets unsafe by default, but it is worth including in a fair review because regulatory history matters for YMYL financial content.
FP Markets Account Types
| Account | Min. Deposit | Spreads | Commission | Platforms | Islamic Available |
|---|---|---|---|---|---|
| Standard | $100 or equivalent | From 1.0 pips | Zero | MT4, MT5, cTrader | Yes |
| Raw | $100 or equivalent | From 0.0 pips | From US$3 per side | MT4, MT5, cTrader, TradingView | Yes |
| Islamic Standard | $100 or equivalent | From 1.0 pips | Zero | MT4, MT5, cTrader | Yes |
| Islamic Raw | $100 or equivalent | From 0.0 pips | From US$3 per 100,000 | MT4, MT5, cTrader | Yes |
| Iress / DMA | Region dependent | DMA pricing | Product dependent | Iress | Not the main Islamic account route |
| Demo | Free | Demo environment | None | MT4, MT5, cTrader, WebTrader | N/A |
FP Markets keeps its core account structure simple. The Standard account is commission-free, with broker costs built into the spread. The Raw account is built for traders who want lower spreads and are comfortable paying commission. International account pages list US$100 or equivalent as the minimum deposit for both Standard and Raw accounts.
The Raw account is the stronger choice for active traders, scalpers, and EA users because spreads start from 0.0 pips and the commission is clearly disclosed. The Standard account is simpler for beginners who prefer not to calculate commissions separately.
FP Markets also offers swap-free Islamic accounts on MT4, MT5, and cTrader. The Islamic account page states that Raw and Standard account types can be converted into swap-free accounts, with administration fees replacing overnight swap charges on selected instruments.
For managed-account infrastructure, FP Markets supports MAM/PAMM accounts designed for experienced money managers. This gives the broker extra appeal for professional managers and traders who need multi-account allocation tools.
FP Markets Spreads, Fees & Commissions
FP Markets is strongest on pricing when traders use the Raw account. The broker advertises spreads from 0.0 pips on Raw accounts, with commission from US$3 per side on international pricing. Standard accounts start from 1.0 pips with zero commission.
Spreads Comparison
| Instrument | FP Markets Spread | Industry Average | Verdict |
|---|---|---|---|
| EUR/USD | From 0.0 pips on Raw | ~0.8 to 1.2 pips on standard pricing | Strong on Raw |
| GBP/USD | Variable by account and session | ~1.0 to 1.5 pips | Competitive on Raw |
| Gold | Raw pricing available on supported platforms | Broker dependent | Competitive |
| Major indices | Variable | Broker dependent | Average to competitive |
The cleanest fee story is on MT4, MT5, and cTrader. FP Markets’ cTrader fee page shows zero commission on Standard pricing for several asset classes and US$3 per lot each way on Raw pricing for forex and metals. That puts FP Markets in the lower-cost group for active forex traders.
Non-trading costs are also reasonable. FP Markets states that it covers visible acquiring-bank and payment-processor fees for MT4 and MT5 trading accounts, although external bank or provider charges can still apply. The broker’s own education content also states that MT4 and MT5 are free to download and have no inactivity fee.
FP Markets Trading Platforms
FP Markets is one of the stronger brokers for platform choice. It supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, Iress, and mobile trading. This gives traders more flexibility than brokers that only offer MT4 and a basic web terminal.
MT4 and MT5 are the main choices for forex and CFD traders who use Expert Advisors, custom indicators, one-click trading, and strategy testing. cTrader adds a cleaner ECN-style interface with Level II pricing and algorithmic capabilities. TradingView support gives chart-focused traders a strong browser-based experience.
Iress is the more specialised platform in the lineup. FP Markets describes Iress as a DMA platform for share CFDs, futures, and ETFs, with direct market access, market depth, advanced charting, real-time pricing, heat maps, and live news.
Platform Comparison
| Platform | Desktop | Web | Mobile | EAs/Bots | Notes |
|---|---|---|---|---|---|
| MT4 | Yes | Yes | Yes | Yes | Best for classic forex and EA trading |
| MT5 | Yes | Yes | Yes | Yes | Better for multi-asset trading |
| cTrader | Yes | Yes | Yes | Yes | Good ECN-style platform with Level II pricing |
| TradingView | Web based | Yes | Yes | Script ecosystem | Strong charting and analysis |
| WebTrader | Browser based | Yes | Mobile browser | Limited | No download needed |
| Iress | Yes | Yes | Limited | No MT-style EA layer | Best for DMA share CFD trading |
| FP Markets App | No | No | Yes | No | Account and mobile trading access |
For prop-trader crossover traffic, FP Markets is a strong fit. It supports MT4, MT5, EAs, Raw pricing, VPS, and low spreads, which are all relevant for traders who already use prop-firm-style platforms and want a personal retail account.
FP Markets Assets & Markets
FP Markets offers access to 10,000+ instruments across seven asset classes. These include forex, shares, commodities, indices, digital currencies, ETFs, bonds, and futures-style products depending on platform and region.
Asset Coverage
| Asset Class | Number of Instruments | Examples |
|---|---|---|
| Forex | Broad selection | Major, minor, and exotic pairs |
| Shares / Stock CFDs | 10,000+ share CFDs on selected platforms | Apple, Microsoft, Nvidia, Meta |
| Indices | Available | NASDAQ 100, S&P 500, DAX-style products |
| Commodities | Available | Oil, gas, corn, sugar |
| Metals | Available | Gold, silver, other precious metals |
| Digital Currencies | Available | Major crypto CFDs |
| Bonds | Available | UK gilts, US 10-year Treasury Notes |
| ETFs | Available | ETF CFDs |
The asset range is a clear strength. FP Markets is not only a forex broker. It is a broad CFD broker with enough coverage for traders who want to trade currencies, metals, indices, commodities, share CFDs, and digital currency CFDs from one account.
US clients are not accepted. FP Markets’ public footer lists several restricted jurisdictions, including the United States, the United Kingdom, and sanctioned or restricted countries.
FP Markets Leverage
Leverage depends on jurisdiction. International pages list leverage up to 1:500 on Standard and Raw accounts, while Australian retail pages show 1:30 due to stricter retail rules. FP Markets’ education content also states that retail accounts can be limited to 30:1, with higher leverage available under professional or international conditions.
Leverage Table
| Trader Type | Max Leverage |
|---|---|
| Retail Australia / stricter retail entities | Up to 1:30 |
| International accounts | Up to 1:500 |
| Professional clients | Higher than retail limits, subject to eligibility and entity rules |
High leverage is useful for experienced traders, but it raises risk. FP Markets is better suited to traders who already understand margin, stop-outs, and position sizing rather than complete beginners who may treat 1:500 leverage as a shortcut to bigger returns.
FP Markets Deposits & Withdrawals
FP Markets supports a wide set of funding methods, including bank wire, Visa and Mastercard, Skrill, Neteller, crypto wallets, broker-to-broker transfer, and local payment methods in supported regions. The broker says deposits can be made through the secure Client Portal and are available in multiple base currencies.
Deposit Methods
| Method | Min. Deposit | Fee | Processing Time |
|---|---|---|---|
| Bank Wire | Account minimum applies | External bank fees may apply | Varies by bank |
| Credit / Debit Card | Account minimum applies | Usually covered by FP Markets where visible | Often fast |
| Skrill / Neteller | Account minimum applies | No deposit fee listed on funding page | Usually fast |
| Crypto Wallets | Account minimum applies | Network/provider costs may apply | Up to around 1 hour on funding page |
| Broker-to-Broker Transfer | Account minimum applies | Varies | Varies |
Withdrawal Methods
| Method | Min. Withdrawal | Fee | Processing Time |
|---|---|---|---|
| Bank Wire | Method dependent | External bank fees may apply | Usually within the wider 1 to 5 business day range |
| Credit / Debit Card | Method dependent | Usually covered where visible | Usually within the wider 1 to 5 business day range |
| Skrill / Neteller | Method dependent | Provider fees may apply | Usually faster than bank methods |
| Crypto Wallets | Method dependent | Network costs may apply | Method dependent |
FP Markets says withdrawal options are available through the Client Portal. Its transaction-fee terms state that third-party payments are not accepted, withdrawals must be made to an account in the same name as the FP Markets trading account, and card deposits may be refunded back to the same card before profits are transferred by bank account.
For timing, FP Markets’ own withdrawal guide says broker processing and receipt of funds usually takes 1 to 5 business days. That is reasonable for a CFD broker, especially given the number of supported payment methods.
FP Markets Customer Support
FP Markets advertises 24/7 multilingual customer support through live chat, email, and phone. The group page says clients can access live chat, email, phone support, a help centre, and personal account managers.
| Channel | Available | Hours | Notes |
|---|---|---|---|
| Live chat | Yes | 24/7 promoted | Fastest route for general support |
| Yes | 24/7 support positioning | Useful for documentation and account issues | |
| Phone | Yes | Region dependent | Available through published contact channels |
| Help Centre | Yes | Always available | Covers account, funding, platform, and trading questions |
Public reputation is strong. Trustpilot shows FP Markets with a 4.8 / 5 rating from 10,089 reviews at the time reviewed. Trustpilot also shows the company replying to 30% of negative reviews, usually within 2 weeks.
FP Markets Education & Research
FP Markets has a solid education and research setup. The site includes trading courses, webinars, podcasts, events, platform tutorials, a trading glossary, technical analysis, fundamental analysis, an economic calendar, a forex calculator, Autochartist, Trading Central, Traders Toolbox, VPS, and social trading tools.
This gives FP Markets more depth than brokers that only publish basic articles. The research and tool stack is especially useful for traders who already use technical analysis, automated systems, and short-term trading workflows.
FP Markets Pros and Cons
| PROS | CONS |
|---|---|
| Strong regulation across ASIC, CySEC, FSCA, FSA Seychelles, and FSC Mauritius entities | Protection level depends on the entity holding the account |
| Raw spreads from 0.0 pips with clear commission pricing | International clients may not receive ASIC or CySEC-level protections |
| Supports MT4, MT5, cTrader, TradingView, WebTrader, Iress, and mobile trading | Not available to US clients |
| Low minimum deposit from $100 or equivalent | Recent CySEC settlement should be considered in the trust review |
| 10,000+ instruments across several asset classes | Standard account pricing is less attractive than Raw pricing |
| Supports EAs, VPS, MAM/PAMM, and Islamic accounts | Product access can vary by platform and region |
Is FP Markets Legit? Our Verdict
Is FP Markets legit? Yes. FP Markets is a legitimate broker with a long operating history, multiple regulated entities, and a strong public product offering across forex and CFDs. It has been operating since 2005, and its group disclosures list regulation under ASIC, CySEC, Seychelles FSA, FSCA, and FSC Mauritius entities.
Our view is that FP Markets is one of the better brokers for traders who want low-cost CFD trading across MT4, MT5, cTrader, and TradingView. Its Raw account pricing is strong, the platform range is excellent, and the account minimum is still accessible at $100 or equivalent.
The main caution is entity-level protection. FP Markets has strong regulatory names in the group, but clients do not all open under the same legal entity. Traders should check the exact entity shown during onboarding before funding the account.
Trustpilot sentiment is positive overall. FP Markets currently has a 4.8 / 5 rating from more than 10,000 reviews, with many reviews highlighting customer support and service quality. That supports the broker’s reputation, though Trustpilot should never replace regulation and account-entity checks.
MTR Rating Breakdown
| Category | Score | Notes |
|---|---|---|
| Regulation & Safety | 8.0/10 | Good trust base overall, though still a multi-entity broker where protection varies by region. |
| Spreads & Fees | 8.6/10 | Raw pricing is very competitive and suits active traders well. |
| Platform Quality | 8.8/10 | MT4, MT5, cTrader, TradingView, and Iress gives it one of the best stacks in the set. |
| Asset Coverage | 8.8/10 | Very broad product coverage for retail CFD trading. |
| Deposit & Withdrawal | 8.0/10 | Good method coverage and mostly smooth processing. |
| Customer Support | 8.4/10 | Generally strong and responsive. |
| Overall | 8.3/10 | Very strong trading broker, slightly behind the top tier on trust clarity. |
Final verdict: FP Markets is best for active traders who want Raw spreads, MetaTrader, cTrader, TradingView, EAs, and broad CFD market access. Safety-first traders should make sure they are comfortable with the specific FP Markets entity they are opening under before depositing funds.
FP Markets Alternatives
| Alternative | Best For | Min. Deposit | Regulation | Spreads From |
|---|---|---|---|---|
| IC Markets | Raw-spread forex and CFD trading | Around $200 | ASIC, CySEC, FSA Seychelles and others | From 0.0 pips |
| Pepperstone | Low-cost trading and platform choice | No fixed minimum in many regions | FCA, ASIC, CySEC and others | Raw-style pricing available |
| Vantage | MT4, MT5, TradingView, copy trading | From $50 | ASIC, FCA, CIMA, VFSC by entity | From 0.0 pips |
FP Markets competes most directly with IC Markets, Pepperstone, and Vantage. IC Markets is the closest Raw-spread alternative, Pepperstone is strong for platform choice and regulation, and Vantage is useful for traders who want similar platform coverage with a lower listed entry deposit.
Frequently Asked Questions
Is FP Markets a scam?
No. FP Markets is a legitimate broker group with regulated entities under ASIC, CySEC, FSA Seychelles, FSCA, and FSC Mauritius. Traders should still check which legal entity holds their account before depositing funds.
Is FP Markets regulated?
Yes. FP Markets lists regulation under ASIC 286354, CySEC 371/18, FSA Seychelles SD130, FSCA 50926, and FSC Mauritius GB21026264 across its group entities.
What is the minimum deposit for FP Markets?
The minimum deposit for Standard and Raw accounts is US$100 or equivalent on international account pages. Australian pages list AU$100 or equivalent.
What spreads does FP Markets offer?
FP Markets offers Standard spreads from 1.0 pips and Raw spreads from 0.0 pips. Raw accounts charge commission from US$3 per side on international pricing.
What platforms does FP Markets support?
FP Markets supports MT4, MT5, cTrader, TradingView, WebTrader, Iress, and mobile trading.
Does FP Markets accept US clients?
No. FP Markets’ public footer lists the United States among restricted jurisdictions.
How long do FP Markets withdrawals take?
FP Markets states that broker processing and receipt of funds usually takes 1 to 5 business days, depending on the withdrawal method and banking process.
What leverage does FP Markets offer?
FP Markets offers up to 1:500 on some international accounts. Retail clients under stricter jurisdictions such as Australia are capped lower, with Australian account pages showing 1:30.
Is FP Markets good for beginners?
Yes, but the Raw account is better suited to traders who understand spreads and commissions. Beginners may prefer the Standard account because it uses simpler commission-free pricing.
Is FP Markets suitable for prop traders?
Yes. FP Markets supports MT4, MT5, EAs, cTrader, TradingView, Raw spreads, and VPS, which makes it suitable for traders who want a personal account with tools similar to many prop-trading workflows.
Review Methodology
This review was prepared by MyTradingReviews using publicly available information from FP Markets’ official website, regulation pages, account pages, funding pages, platform pages, legal disclosures, Trustpilot profile, and public regulatory-news sources. Regulation was verified on April 26, 2026 against FP Markets’ public entity and licensing disclosures.