Reviewed by the BrokerSift editorial teamupdated September 2026Facts checked August 2026How we rate

FP Markets Review

Name: FP Markets Review
Item: FP Markets
Rating: 4.5

Australian ECN veteran with consistently tight raw pricing since 2005.

ASICCySECFSCAFSAFounded2005HeadquartersSydney, Australia

4.5

Rating · / 5

Visit FP Markets

Tight raw spreads from 0.0 pips with a low $3 per lot per side commission
Wide platform choice: MT4, MT5, cTrader, TradingView, and Iress for AU stock trading
Low minimum deposit of $100

MT4 offers a noticeably smaller symbol list (around 130) than MT5/cTrader
Negative balance protection applies under the CySEC entity but is not guaranteed for clients onboarded through the ASIC or offshore (Saint Lucia) entities
The FCA has listed FP Markets among firms not authorised to solicit UK clients, so UK-based traders have no FCA/FSCS protection

Min deposit: $100
Spreads from: 0.0 pipsRaw account
Max leverage: up to 1:500lower for EU/UK retail clients under CySEC/FCA rules
Commission: $3 per lot per sideRaw account only; Standard account is commission-free

Demo account
Islamic account
Copy trading
Negative balance protection

At a glance

Platforms: MT4
MT5
cTrader
TradingView
Instruments: Forex
CFDs
Stocks
Indices
Commodities
Crypto
Not accepted from: United States
Russia
Iran
Iraq
Syria
Afghanistan
Cuba
Liberia
Libya
Myanmar
Palestine
Somalia
Sudan
Yemen
plus Canada
jurisdictions on FATF and EU/UN sanctions lists; Japan and New Zealand where the firm is not licensed
Payment methods: Bank transfer
Card
Skrill
Neteller
Crypto
Base currencies: USD
EUR
GBP
AUD
NZD
CAD
JPY
CHF
HKD
SGD
Execution: ECN / STP

Pros

Tight raw spreads from 0.0 pips with a low $3 per lot per side commission
Wide platform choice: MT4, MT5, cTrader, TradingView, and Iress for AU stock trading
Low minimum deposit of $100
Accepts crypto deposits and offers 10+ base account currencies
24/7 multilingual live chat, phone, and email support

Cons

MT4 offers a noticeably smaller symbol list (around 130) than MT5/cTrader
Negative balance protection applies under the CySEC entity but is not guaranteed for clients onboarded through the ASIC or offshore (Saint Lucia) entities
The FCA has listed FP Markets among firms not authorised to solicit UK clients, so UK-based traders have no FCA/FSCS protection
Research and education content is thinner than some competitors offer

Is FP Markets safe?

FP Markets is regulated by ASIC, CySEC, FSCA, FSA (Seychelles), CMA Kenya, Saint Lucia (company registration only). Regulator warnings or enforcement actions on record.

4.8

Trustpilot

10,285 reviews · source

Regulator warnings or enforcement actions on record

1 regulator warnings · 1 enforcement actions

Regulator warnings

FCA (UK)2024source
On 11 October 2024 the FCA listed FP Markets (www.fpmarkets.com) as a firm not authorised in the UK that may be providing or promoting financial services to UK consumers, who would have no Financial Ombudsman or FSCS protection.

Enforcement actions

CySEC2026source
In February 2026 CySEC reached a EUR 100,000 settlement with First Prudential Markets Ltd over possible breaches of the CFD product-intervention restrictions (Article 42 of Regulation (EU) 600/2014 and Directive DI87-09) between March 2022 and August 2025.

What clients complain about

The large majority of public reviews are positive, praising responsive, named support staff and smooth deposit/withdrawal processing.
A minority of complaints describe replies that became slow or repetitive during longer support cases, occasional platform connectivity or execution issues during volatile markets, and at least one report of an account being flagged for suspected abusive trading without a clear explanation.

See every warning and action we have on record

Account types

Account	Min deposit	Spreads from	Commission
Standard	$100	1.0 pips	None
Raw	$100	0.0 pips	$3 per lot per side
Iress (Australia only)	$1000	Market spread (ASX shares)	Brokerage per trade

What does FP Markets charge?

FP Markets quotes EUR/USD from around 1.1-1.3 pips on its Standard account. 5 of the 5 payment methods listed take deposits free of charge.

Typical spreads

Instrument	Account	Spread	Commission
EUR/USD	Standard	around 1.1-1.3 pips	None
EUR/USD	Raw	from 0.0 pips, averaging roughly 0.1-0.3 pips	$3/lot/side
GBP/USD	Standard	around 1.4-1.9 pips	None
GBP/USD	Raw	averaging roughly 0.8 pips	$3/lot/side

Deposit & withdrawal fees

Method	Deposit fee	Withdrawal fee	Processing time
Bank wire	Free (sending bank fees may apply)	Free from FP Markets; FP Markets states it reimburses third-party receiving-bank charges on withdrawals over $10,000	1-3 business days
Debit/credit card	Free	Free	Instant to same day
Skrill	Free	Free	Instant to same day
Neteller	Free	Free	Instant to same day
Cryptocurrency (BTC, ETH, USDT, LTC)	Free	Free (blockchain network fees may apply)	Usually within a few hours

FP Markets fees: withdrawal, inactivity, spreads

Which countries does FP Markets accept?

FP Markets accepts clients from 28 of the countries we checked and does not accept 4. Restricted: United States, Canada, Iran.

Accepts clients from28

Not available in4

Based on the platform’s published terms and regional entities. Availability changes — confirm on the official site before opening an account.

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.

How to open an account

FP Markets

Before you apply

Verification time: Usually under 24 hours
Minimum age: 18+
Documents required: Passport or national ID; proof of address (utility bill or bank statement) under 3 months old

Fully online registration; account can be funded before verification documents finish processing in some regions, though trading of larger sizes may be limited until identity checks clear.

1.
Register online
Fill in the sign-up form on fpmarkets.com with your personal details and choose Standard, Raw, or (Australia-only) an Iress account.
2.
Verify your identity
Upload a passport or national ID plus a recent proof-of-address document; verification is typically completed within 24 hours.
3.
Choose your platform
Download MT4, MT5, cTrader, or connect via TradingView, depending on which suits your trading style.
4.
Fund your account
Deposit a minimum of $100 using bank transfer, Visa/Mastercard, Skrill, Neteller, or cryptocurrency (BTC, ETH, USDT, LTC).
5.
Start trading or test on demo
Trade live once funded, or open a free unlimited demo account first to practice with virtual funds on the same pricing feeds.

Good to know before you start

Why you have to verify your identity

Every regulated broker and exchange must confirm who you are before you can trade or withdraw. Expect to upload a passport or national ID and a proof of address under three months old (utility bill or bank statement). Most platforms approve documents within a few hours; a mismatch between your ID and the name on your payment method is the most common reason for delays.

How funding your account works

Deposits by card or e-wallet usually land within minutes; bank wires take one to three business days and may carry a fee from your bank. Withdrawals go back to the method you deposited with, which is an anti-money-laundering rule rather than a platform choice. Start with the minimum, confirm a small withdrawal works, then scale up.

What to expect on your first trade

Open a demo account first if the platform offers one, then place a small live trade on a liquid market such as EUR/USD or BTC/USD. Check the spread, the commission and the swap before you confirm. Set a stop-loss on every position — losing a small amount quickly is the cheapest lesson in trading.

About the company

Founded: 2005
Headquarters: Sydney, Australia

Contact & support

Email: support@fpmarkets.com
Phone: +1 758 457 9557 (global); +61 2 8252 6800 or 1300 376 233 (Australia); +357 25 263 208 (EU)
Support hours: 24/7
Live chat: Yes
Languages: 24/7 multilingual support; the official site is published in English, Arabic, Chinese, Czech, French, German, Greek, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Spanish, Thai and Vietnamese
Address: Ground Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia

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Awards & recognition

2026
Most Trusted Broker
Global UF Awards
2025
Broker of the Year - Global
Finance Magnates Awards

Frequently asked questions

Is FP Markets regulated?

Yes. It is regulated by ASIC in Australia (AFS Licence 286354) and CySEC in Cyprus (licence 371/18), and also states it is regulated by the FSCA in South Africa and CMA in Kenya. It also runs an offshore entity registered in Saint Lucia with lighter oversight.

What is the minimum deposit at FP Markets?

$100 for the Standard and Raw accounts on MT4, MT5, cTrader, and TradingView. Iress accounts, available to Australian clients only, require a higher minimum starting around AUD 1,000.

Does FP Markets charge commission?

The Standard account is commission-free with wider spreads. The Raw account charges $3 per lot per side alongside spreads from 0.0 pips.

Which trading platforms does FP Markets support?

MetaTrader 4, MetaTrader 5, cTrader, TradingView, and — for Australian clients — the Iress platform for direct share trading.

Can US clients trade with FP Markets?

No. FP Markets does not accept clients from the United States, along with several other restricted jurisdictions.

Does FP Markets offer an Islamic (swap-free) account?

Yes, swap-free accounts are available on request for clients whose religious beliefs prohibit overnight interest.

Is copy trading available at FP Markets?

Yes, copy trading is supported through MT4 and MT5, along with PAMM/MAM options for money managers.

Ready to try FP Markets?