Fpmarkets

Quick Verdict

Overall Score	8.9 / 10
Regulation	ASIC, CySEC, FSCA, FSA Seychelles, FSC Mauritius and CMA Kenya
Best For	Active forex and CFD traders, scalpers, algorithmic traders and multi-platform users
Minimum Deposit	US$100 or equivalent
Spreads From	0.0 pips on Raw accounts; 1.0 pip on Standard accounts
Maximum Leverage	Up to 1:500 internationally; generally 1:30 for Australian and EU retail clients
Platforms	MT4, MT5, cTrader, TradingView, Iress and FP Markets mobile app
Deposit Methods	Bank transfer, cards, Skrill, Neteller, cryptocurrency and regional payment methods
Withdrawal Speed	Skrill and Neteller within one business day; other methods vary
Verdict	A strong, competitively priced multi-asset broker, provided traders understand which legal entity holds their account

FP Markets is an established forex and CFD broker founded in Sydney in 2005. Its strongest features are Raw account pricing, a US$100 minimum deposit, extensive platform choice and more than 10,000 instruments across forex, shares, indices, commodities, metals, cryptocurrencies, ETFs and bonds.

The group has credible regulatory coverage, including ASIC in Australia and CySEC in the European Union. However, client protections are entity-specific. International traders may be assigned to an offshore or regionally regulated company with higher leverage but fewer statutory safeguards.

FP Markets Review: Our Take

FP Markets is best suited to active traders who value low trading costs and freedom of platform choice. Raw accounts offer spreads from 0.0 pips with a US$3 commission per side per standard forex lot, while Standard accounts use a simpler spread-only structure.

Its platform range is among the broadest in the retail CFD market. Traders can choose between MetaTrader 4, MetaTrader 5, cTrader and TradingView, while eligible Australian clients also have access to Iress for a more direct-market-access-style share CFD experience. Scalping, Expert Advisors and other automated strategies are supported, subject to the broker’s trading terms.

The principal tradeoff is a complicated legal-entity structure. An Australian retail client receives ASIC leverage limits and negative balance protection, while an international client may receive leverage as high as 1:500 under an entity without an investor compensation scheme. FP Markets also has regulatory history that should not be ignored, including a 2026 CySEC settlement and a 2024 FCA warning concerning unauthorised UK activity.

Overall, FP Markets earns 8.9 out of 10. Its pricing, platforms and product range are excellent, but traders should confirm their contracting entity and protections before depositing.

What Is FP Markets?

FP Markets is a privately owned forex and CFD broker established in Australia in 2005. Its Australian company, First Prudential Markets Pty Ltd, has held an Australian Financial Services Licence since May 2005.

The broker operates primarily as an over-the-counter CFD provider, although its Iress offering gives eligible clients access to direct-market-access pricing on exchange-traded shares. Clients trade derivatives rather than acquiring ownership of the underlying shares, currencies, commodities or cryptocurrencies.

FP Markets offers two principal pricing models:

• Standard accounts incorporate the broker’s charge into the spread.
• Raw accounts provide lower underlying spreads and charge a separate commission on forex and metals.

The group has expanded through separate companies in Australia, Cyprus, South Africa, Seychelles, Mauritius, Kenya and Saint Lucia. The Saint Lucia company identified on some regional pages is a registered company, not a locally licensed investment dealer. This distinction matters because the FP Markets brand’s operating history should not be confused with the age or regulatory status of every individual group entity.

Is FP Markets Regulated? Safety & Licences

Regulatory Licences

Regulator	Jurisdiction	Licence Number	Verified
Australian Securities and Investments Commission (ASIC)	Australia	AFSL 286354	Yes
Cyprus Securities and Exchange Commission (CySEC)	Cyprus/EU	371/18	Yes
Financial Sector Conduct Authority (FSCA)	South Africa	FSP 50926	Yes
Financial Services Authority (FSA)	Seychelles	SD130	Yes
Financial Services Commission (FSC)	Mauritius	GB21026264	Yes
Capital Markets Authority (CMA)	Kenya	193	Yes

First Prudential Markets Pty Ltd is the Australian entity. ASIC rules require retail client money to be segregated and impose negative balance protection, standardised margin close-out rules and CFD leverage limits ranging from 1:30 to 1:2. Australia does not have a government-backed investor compensation fund equivalent to the UK FSCS.

First Prudential Markets Ltd is the CySEC-regulated European company. Its CySEC register entry confirms licence 371/18 and the approved domains fpmarkets.eu and fpmarkets.com/eu. Eligible covered clients may qualify for Cyprus Investor Compensation Fund protection, limited to the lower of 90% of covered claims or €20,000.

International FP Markets companies state that client money is held in segregated accounts and that negative balance protection is available. However, statutory compensation coverage does not extend across the entire group. Seychelles, Mauritius, South African and Saint Lucian accounts should not be treated as if they carry the same protections as an EU account.

There are three regulatory events worth noting:

• In February 2026, CySEC announced a €100,000 settlement with First Prudential Markets Ltd. The matter concerned possible breaches of CFD restrictions during March 2022 to August 2025.
• In 2014, ASIC accepted an enforceable undertaking addressing concerns about processes for detecting and escalating potentially manipulative client trading.
• In October 2024, the UK Financial Conduct Authority warned that FP Markets was not authorised to provide or promote financial services in the UK. FP Markets now lists the UK among its restricted jurisdictions.

These findings do not erase the group’s valid licences, but they prevent FP Markets from receiving a top-tier safety score.

FP Markets Account Types

Account	Minimum Deposit	Spreads	Commission	Platforms	Islamic Available
Standard	US$100	From 1.0 pip	None on forex	MT4, MT5, cTrader	Yes
Raw	US$100	From 0.0 pips	US$3 per side per standard forex lot	MT4, MT5, cTrader, TradingView	Yes
Iress Retail	A$1,000 minimum balance	Market-based	From A$6 minimum, then 0.06% on ASX trades	Iress	No
Iress Wholesale/Professional	A$1,000 minimum balance	Market-based	From 0.05%, negotiable by volume	Iress	No

The Standard account is the more straightforward option for occasional traders because its forex commission is included in the spread. The Raw account is generally better for scalpers, day traders and automated strategies that benefit from tighter pricing.

Demo accounts are available for platform testing. They reproduce quoted market conditions with virtual funds, although they cannot fully simulate live liquidity, slippage or the psychological impact of trading real money.

Swap-free Standard and Raw accounts are available to eligible Muslim clients on MT4, MT5 and cTrader. Instead of conventional overnight interest, FP Markets may apply instrument-specific administration charges. Some instruments have a grace period, while others incur charges immediately. Proof of faith may be requested.

Professional and wholesale classification can provide higher leverage but may reduce regulatory protections. Eligibility requirements vary by jurisdiction and should not be treated as a routine account upgrade.

FP Markets Spreads, Fees & Commissions

FP Markets’ Raw account is its most competitive pricing option. Forex spreads can start at 0.0 pips, with a US$3 commission per side, or US$6 for a complete one-lot opening and closing transaction. Equivalent commissions apply in other account currencies.

Standard accounts charge no separate forex commission but start at 1.0 pip. Indices, commodities and cryptocurrency CFDs are normally priced through their spreads, while share CFDs can carry exchange-specific commissions.

Spreads Comparison

Instrument	FP Markets Spread	Industry Average	Verdict
EUR/USD - Raw	From 0.0 pips plus US$6 round-turn commission	0.0-0.3 pips plus US$6-US$7 commission	Highly competitive
EUR/USD - Standard	From 1.0 pip, no commission	Approximately 1.0-1.4 pips	Competitive
Major forex pairs - Raw	From 0.0 pips plus commission	From 0.0-0.4 pips plus commission	Above average
Gold - Raw	Variable spread plus metals commission	Variable spread plus commission	Competitive, but check live pricing
Major indices	Variable, generally spread-only	Approximately 0.4-1.5 index points	Competitive on liquid markets

The quoted figures are minimum variable spreads, not guaranteed averages. Costs can widen around news announcements, market openings and periods of reduced liquidity.

Positions held past the daily rollover time may incur or receive swap adjustments. Share and index financing also depends on the relevant benchmark rate, position direction and broker markup.

Non-trading charges require particular attention because they vary by entity. Australian materials state that there is no inactivity fee, while the 2026 Saint Lucia client agreement provides for a US$10 monthly inactivity charge after 90 continuous days without trading, funding, withdrawals, open positions or platform login. The contract presented during registration takes precedence.

FP Markets generally does not charge for deposits or bank-wire withdrawal processing, but intermediary banks, card providers and e-wallets may impose their own charges. Currency conversion can also add an indirect cost when the payment currency differs from the account’s base currency.

FP Markets Trading Platforms

Platform Comparison

Platform	Desktop	Web	Mobile	EAs/Bots	Notes
MetaTrader 4	Yes	Yes	Yes	Yes	Strong forex ecosystem, MQL4 EAs and strategy testing
MetaTrader 5	Yes	Yes	Yes	Yes	More markets, additional order types and MQL5 automation
cTrader	Yes	Yes	Yes	Yes	Modern interface, depth of market and cBots
TradingView	Yes	Yes	Yes	Limited	Excellent charting and social tools; no MetaTrader EAs
Iress	Yes	Yes	Yes	Limited	Share-focused DMA functionality; eligibility and data fees apply
FP Markets App	No	No	Yes	No	Convenient account and mobile trading access

MT4 remains a good choice for forex traders who already use Expert Advisors or custom indicators. MT5 is the better general-purpose MetaTrader platform because it supports a broader instrument set and more advanced order and testing functions.

cTrader provides an attractive alternative for traders who want a cleaner interface, market-depth tools and C#-based automation. TradingView integration is valuable for browser-based charting and community scripts, although its automated trading workflow is not equivalent to running an MT4 or MT5 EA.

FP Markets also supports social and copy-trading services, including its social trading tools and selected third-party integrations. Copying another trader does not remove execution, leverage or strategy risk.

FP Markets Assets & Markets

Asset Coverage

Asset Class	Number of Instruments	Examples
Forex	70+ pairs	EUR/USD, GBP/USD, USD/JPY, AUD/USD
Share CFDs	10,000+ on the broadest offering	Apple, Microsoft, Nvidia, Amazon, ASX and European shares
Indices	15+ major indices	S&P 500, Nasdaq 100, FTSE 100, DAX 40
Metals	Broad selection	Gold, silver, platinum, palladium
Commodities	Broad selection	Brent oil, WTI oil, natural gas, corn, sugar
Cryptocurrency CFDs	Available by jurisdiction	Bitcoin, Ethereum, XRP, Litecoin
ETF CFDs	Broad selection	Equity, bond, commodity and sector ETFs
Bond CFDs	Selected markets	US 10-year Treasury note, UK long gilt

FP Markets offers one of the stronger product catalogues among forex-led CFD brokers. The headline instrument count is driven primarily by its share CFD range, and not every product is available on every platform or under every legal entity.

MT5, cTrader, TradingView and Iress generally provide broader multi-asset coverage than MT4. Cryptocurrency CFDs are restricted or unavailable in some regulated jurisdictions.

The broker does not serve US or UK residents. Other restrictions include several sanctioned and high-risk jurisdictions. Australian operations also exclude residents of Japan and New Zealand.

FP Markets Leverage

Leverage is determined by the client’s legal entity, classification and instrument. The advertised maximum of 1:500 does not apply to ordinary retail clients everywhere.

Leverage Table

Trader Type	Maximum Leverage (Forex)	Maximum Leverage (Crypto)	Maximum Leverage (Indices)
Australian retail	1:30	1:2	1:20 on major indices
EU retail	1:30	1:2	1:20 on major indices
International retail	Up to 1:500	Instrument-specific	Instrument-specific
Eligible professional/wholesale	Up to 1:500	Up to 1:5	Up to 1:200

ASIC and EU retail limits provide a meaningful risk control. Professional and international accounts allow larger exposure but also make it easier to lose capital rapidly. A 1% market movement at 1:100 leverage can consume the margin committed to a position, excluding slippage and trading costs.

FP Markets can reduce leverage or raise margin requirements during volatile conditions. The specification displayed in the trading platform is the final reference for a particular instrument.

FP Markets Deposits & Withdrawals

FP Markets supports bank transfers, Visa and Mastercard, Skrill, Neteller, cryptocurrency transfers and a selection of local payment systems. Availability depends on the client’s country and account entity.

Deposit Methods

Method	Minimum Deposit/Withdrawal	Fee	Processing Time
Bank transfer	US$100 account minimum; method limits vary	Usually no broker fee	Local transfers vary; international transfers can take 7-10 business days
Visa/Mastercard	Method limits vary	Usually no broker fee	Commonly instant after approval
Skrill	Method limits vary	No stated deposit fee	Usually instant or within one hour
Neteller	Method limits vary	No stated deposit fee	Usually instant or within one hour
Cryptocurrency	Method and network limits apply	Network costs may apply	Typically within one hour after confirmation
Local payment methods	Country-specific	Varies	Usually instant to one business day

Withdrawal Methods

Method	Minimum Deposit/Withdrawal	Fee	Processing Time
Bank transfer	Varies	No FP Markets processing fee; bank charges may apply	Varies by bank and destination
Visa/Mastercard	Varies	Varies	Provider transit time applies
Skrill	Varies	Varies by entity	Within one business day
Neteller	Varies	Varies by entity	Within one business day
Cryptocurrency	Network minimum applies	Network costs may apply	Varies by network and compliance review
Local payment methods	Country-specific	Varies	Usually one to several business days

Withdrawals must normally return deposited funds to their original source before profits can be sent through another approved method. Payments must be in the account holder’s name, and third-party deposits are not accepted.

Identity and payment-method verification can extend processing times, especially on a first withdrawal. Broker processing time should also be distinguished from the time taken by banks, card networks or blockchain confirmations.

FP Markets Customer Support

Channel	Available	Hours	Response Time
Live chat	Yes	Advertised 24/7	Broker-reported average of 24 seconds
Email	Yes	Continuous submission	Broker-reported median first reply of 30 minutes
Phone	Yes	Regional hours vary	Varies
Callback	Yes	By request	Varies
Help centre	Yes	24/7 self-service	Immediate

FP Markets provides multilingual support through live chat, email and regional telephone numbers. Its published customer-service data for March 2024 to March 2025 reports that 99.88% of live chats were answered, with support available in more than 40 languages.

The breadth of contact options is a strength. Traders should nevertheless use the contact information shown for their legal entity, particularly when dealing with funding, complaints or account classification.

FP Markets Education & Research

FP Markets Academy contains structured trading courses, platform tutorials, written guides, webinars, podcasts and a trading glossary. The range is suitable for beginners learning market terminology as well as existing traders moving to a new platform.

Research resources include technical and fundamental analysis, market commentary, an economic calendar and forex calculators. Depending on the account and region, clients may also receive access to tools such as Autochartist, Trading Central, Traders Toolbox and a virtual private server.

The overall package is stronger than the basic educational libraries offered by many execution-focused brokers. However, market analysis and automated signals remain general information, not personalised investment advice or a guarantee of successful trades.

FP Markets Pros and Cons

Pros	Cons
Raw spreads from 0.0 pips with a competitive US$6 round-turn forex commission	Protections vary significantly between legal entities
MT4, MT5, cTrader and TradingView support	No FCA-authorised UK entity; UK residents are restricted
More than 10,000 instruments on the broadest offering	February 2026 CySEC settlement concerning possible CFD-restriction breaches
US$100 minimum deposit	International leverage up to 1:500 carries substantial risk
Scalping, EAs and automated trading supported	Inactivity terms differ between entities
Segregated client accounts and negative balance protection	No investor compensation fund for most non-EU accounts
Islamic Standard and Raw accounts available	Swap-free accounts can incur administration charges
Responsive multilingual support	Iress has higher balance requirements and potential data fees

Is FP Markets Legit? Our Verdict

FP Markets is a legitimate broker with a trading history dating to 2005 and multiple identifiable regulated companies. Its ASIC, CySEC, FSCA, FSA, FSC and CMA licences distinguish it from anonymous or wholly unregulated offshore brokers.

It is not, however, a spotless regulatory proposition. The 2026 CySEC settlement is recent and directly concerns compliance with CFD restrictions. The FCA’s 2024 warning also means UK consumers should not use the international website, while the 2014 ASIC undertaking remains part of the broker’s longer-term compliance record.

For clients onboarded by the ASIC or CySEC company, FP Markets offers a comparatively strong framework of segregated funds, leverage restrictions, negative balance protection and external dispute mechanisms. International clients receive competitive conditions and potentially higher leverage, but usually without an investor compensation scheme.

Our verdict is positive, with conditions: FP Markets is a high-quality trading broker, but clients should confirm the exact legal entity named in the application and client agreement before funding the account.

MTR Rating Breakdown

Category	Score	Notes
Regulation & Safety	8.6 / 10	Strong multi-jurisdiction licensing, offset by entity differences and regulatory history
Spreads & Fees	9.2 / 10	Competitive Raw pricing and reasonable Standard spreads
Platform Quality	9.4 / 10	Excellent choice across MetaTrader, cTrader, TradingView and Iress
Asset Coverage	9.3 / 10	Extensive share CFD catalogue and broad multi-asset coverage
Deposit & Withdrawal	8.6 / 10	Good method selection, although timing and fees vary by entity
Customer Support	8.9 / 10	Multilingual, broadly available support with strong published response metrics
Overall	8.9 / 10	An excellent active-trading broker with manageable but important regulatory caveats

FP Markets is best for cost-conscious forex and CFD traders who want raw pricing, automation and multiple professional platforms. It is less suitable for investors seeking ownership of underlying assets, guaranteed stop-loss orders or uniform top-tier protection across every country.

FP Markets Alternatives

Alternative	Best For	Minimum Deposit	Regulation	Spreads From
Pepperstone	Platform choice and low entry funding	US$10	FCA, ASIC, CySEC, BaFin, DFSA, CMA, SCB	0.0 pips on Razor
IC Markets	High-volume MetaTrader and cTrader trading	US$200	ASIC, CySEC, FSA Seychelles	0.0 pips on Raw
AvaTrade	Beginners, proprietary tools and FX options	US$100	Central Bank of Ireland, ASIC, FSCA, FSA Japan, ADGM, BVI FSC	Approximately 0.9 pips on EUR/USD

Pepperstone is FP Markets’ closest all-round alternative. It has a similarly broad selection of third-party platforms, raw spreads and strong regulatory coverage, but a smaller overall CFD catalogue.

IC Markets is particularly competitive for forex automation and high-volume trading. Its minimum deposit is higher, and international clients must still pay attention to which entity holds the account.

AvaTrade uses predominantly spread-based pricing and offers a more guided proprietary experience. It is less attractive for traders specifically seeking a raw-spread account but may be easier for beginners.

Frequently Asked Questions

Is FP Markets a scam?

No. FP Markets is an established broker with regulated entities in Australia, Cyprus, South Africa, Seychelles, Mauritius and Kenya. Traders should use the correct official website and check the company named in their client agreement.

Is FP Markets regulated?

Yes. Its principal licences include ASIC AFSL 286354 and CySEC licence 371/18, alongside regional licences from the FSCA, FSA Seychelles, FSC Mauritius and CMA Kenya.

What is the FP Markets minimum deposit?

The minimum deposit for Standard and Raw forex accounts is US$100 or the equivalent in another supported base currency. Iress accounts require a higher minimum balance.

What spreads does FP Markets offer?

Raw account spreads start at 0.0 pips with a US$3 commission per side per standard forex lot. Standard account spreads start at 1.0 pip without a separate forex commission.

Which platforms are available?

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader and TradingView. Iress is available to eligible clients, particularly within the Australian offering.

Can US or UK residents open an account?

No. FP Markets lists the United States and United Kingdom among its restricted jurisdictions. The broker is not regulated by the US authorities or authorised by the UK FCA.

How long do FP Markets withdrawals take?

Skrill and Neteller withdrawals are promoted as completing within one business day. Bank, card, cryptocurrency and local-payment withdrawals take longer in some cases because provider transit and verification times apply.

What is the maximum leverage?

International accounts may receive leverage up to 1:500. Australian and EU retail clients are normally limited to 1:30 on major forex pairs, with lower limits on other asset classes.

Is FP Markets suitable for beginners?

It can be. The US$100 minimum deposit, demo account, Standard pricing and FP Markets Academy are beginner-friendly. New traders should avoid treating the availability of 1:500 leverage as a target.

Is FP Markets suitable for prop traders?

FP Markets is a retail and professional CFD broker rather than a proprietary trading firm. Its support for scalping, EAs, VPS hosting and Raw accounts can suit systematic traders, but prohibited-practice and arbitrage clauses must be reviewed before deploying a strategy.

Review Methodology

This review was prepared by MyTradingReviews using publicly available information from FP Markets’ official website, account and pricing pages, legal and regulatory disclosures, platform and funding documentation, official regulator sources, enforcement records, and other credible public sources. Regulation and current trading conditions were reviewed on September 15, 2026 against FP Markets’ public disclosures and available official regulator records.