FP Markets Review

Regulation and safety of funds

FP Markets is regulated by the Australian Securities and Investments Commission (ASIC, AFS Licence 286354) through First Prudential Markets Pty Ltd, and by the Cyprus Securities and Exchange Commission (CySEC, licence 371/18) through First Prudential Markets Ltd, a tier-one European regulator that requires segregated client funds and participation in an investor compensation scheme. The group also states it is regulated by the FSCA in South Africa and mentions CMA in Kenya, and registers an offshore entity in Saint Lucia (registration 2025-00853) for clients outside these regulated regions.

Protections differ by entity: CySEC clients get negative balance protection and access to the Investor Compensation Fund, while ASIC and offshore-onboarded clients have fewer statutory guarantees. The UK's FCA has listed FP Markets among firms not authorised to promote financial services to UK residents, so traders in the UK should not expect FCA or FSCS cover from this broker.

Fees and spreads

The Standard account is commission-free with spreads from around 1.1-1.3 pips on EUR/USD, built into the spread. The Raw account charges spreads from 0.0 pips plus a $3 commission per lot per side, which independent reviews measure at roughly 0.1-0.3 pips average on major pairs — competitive with other ECN-style brokers. Stock CFDs carry a separate commission (around $0.02 per share, minimum $15).

There is no deposit fee and no inactivity fee. Withdrawals are generally free on FP Markets' side, though international bank wires can carry fees from the receiving bank (FP Markets says it reimburses third-party bank charges on larger withdrawals), and some independent reviews flag this as a relative weak point compared to e-wallet or crypto withdrawals.

Platforms and tools

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView, plus the Iress platform for Australian clients wanting direct access to ASX-listed shares. MT5 and cTrader carry the fullest range of tradable symbols; MT4's symbol list is comparatively limited next to MT5/cTrader.

Add-ons include Trading Central and Autochartist for technical analysis and trade idea generation, plus an in-house research feed. Copy trading is supported on MT4/MT5, and automated trading (EAs) is allowed across the MetaTrader platforms.

Deposits and withdrawals

The minimum deposit is $100 for both Standard and Raw MetaTrader/cTrader/TradingView accounts (Iress accounts in Australia require higher minimums, from roughly AUD 1,000). Funding methods include bank transfer, Visa/Mastercard, Skrill, Neteller, and cryptocurrency (BTC, ETH, USDT, LTC and others), with accounts offered in 10+ base currencies.

Deposits are typically processed instantly for cards and e-wallets. Withdrawals are usually returned to the original funding method and processed within a business day or two on FP Markets' side, though bank wires can take longer and may incur third-party charges.

Customer support

FP Markets offers 24/7 support through live chat, phone, and email, with independent reviews and Trustpilot feedback frequently citing fast, helpful response times. Support is described as multilingual, reflecting the broker's global client base across the Asia-Pacific region, Europe, Africa, and Latin America.

The broker publishes an extensive FAQ and education section covering account setup, platform guides, and trading basics, which reduces reliance on live support for routine questions.

Who is it for

FP Markets suits cost-conscious forex and CFD traders who want ECN-style raw pricing, a low entry deposit, and a choice of platforms including TradingView. The Raw account and tight commission structure make it a reasonable fit for active or higher-frequency traders, while the Standard account and demo option work for beginners easing in.

Australian traders get an added benefit through Iress access to local shares, though at higher minimum deposits. Traders who specifically need FCA-regulated protection, or who are based in the US, should look elsewhere, since FP Markets does not accept US clients and is not FCA-authorised.