| Founded: | Account Currencies |
| 2005 | USD, EUR, GBP, JPY |
| Trading Instruments: | Trading Platforms: |
| Forex, Commodities, Indices, Stocks, Cryptocurrencies, Bonds, ETFs | Mt4, MT5, Ctrader, TradingView |
| Funding Methods: | Regulation |
| Credit/debit cards (Visa/Mastercard), bank wire transfers, e-wallets, Skrill and Neteller. | ASIC (Australia) CySEC (Cyprus) |
| Max Leverage: | Min Deposit: |
| 500:1 | $100 |
Pros and Cons
| Pros | Cons |
| Low Costs | Educational resources are limited |
| Strong Regulation | IRESS can be expensive |
| Multiple advanced trading platforms | Product depth and availability can vary by region |
| Fast execution and stable trading environment | Execution issues or platform lag during high volatility |
Trust and Safety
FP Markets is an international forex and CFD broker that has been operating since 2005. The company provides access to global financial markets through several regulated entities, with the applicable regulator depending on the client’s country and account entity.
FP Markets‘ regulated entities include First Prudential Markets Pty Ltd, which is authorised by the Australian Securities and Investments Commission (ASIC), as well as entities regulated by CySEC in Cyprus, FSCA in South Africa, FSA in Seychelles, and other regulators in selected jurisdictions.
Regulatory Oversight
Regulation is one of FP Markets’ main features. The broker states that its regulated operations follow applicable capital, reporting, risk-management, and compliance requirements.
Because FP Markets operates through multiple entities, the protections available to a client can vary according to their country of residence and the entity providing the service. Traders should check the legal entity and regulatory conditions before opening an account.
Segregated Client Funds
FP Markets states that retail client funds are kept separately from the company’s operating funds and held with leading banks. This arrangement is designed to prevent client money from being used for the broker’s normal business expenses.
The broker states that its financial accounts are subject to external audits and that clients receive regular account statements. These measures form part of its broader compliance and corporate-governance framework.
Tradable Instruments
FP Markets offers a broad selection of financial instruments. The broker currently advertises more than 10,000 instruments across seven asset classes.
Forex
Forex is one of FP Markets’ core markets, with more than 70 major, minor, and exotic currency pairs available.
The broker promotes spreads starting from 0.0 pips on its Raw account, while Standard accounts use a spread-only pricing model.
Shares
FP Markets provides access to share CFDs covering companies listed across major markets.
For eligible Australian clients, the broker also provides IRESS-based share trading with direct market access and different account structures.
Metals
Traders can access precious metals such as gold and silver through FP Markets.
Metals can be used to diversify a trading portfolio and can also provide exposure to markets that often behave differently from major currency pairs.
Commodities
FP Markets offers commodity CFDs covering markets such as oil, gas, corn, and sugar.
Commodity prices can be influenced by factors including supply and demand, economic conditions, geopolitical developments, and changes in global production.
Indices
The broker provides access to major global stock indices, including markets such as the NASDAQ 100 and S&P 500.
Index CFDs allow traders to speculate on the performance of broader equity markets without purchasing individual shares.
Cryptocurrencies
FP Markets offers cryptocurrency trading, including Bitcoin, Ethereum, Litecoin, and other digital assets.
Cryptocurrency markets can experience substantial price fluctuations, and using leverage can increase both potential gains and losses.
ETFs
Exchange-traded funds are also available through FP Markets.
ETF CFDs can provide exposure to groups of securities, sectors, or investment themes through a single trading instrument.
Bonds
FP Markets also lists bond products, including UK long-term government bonds and US 10-year Treasury Notes.
This gives traders additional opportunities to diversify beyond equities, currencies, and commodities.
Account Types
FP Markets offers different account structures based on trading preferences and pricing requirements. For forex trading, the two main choices are the Standard and Raw accounts.
Standard Account
The Standard account is designed for traders who prefer a simple pricing model.
FP Markets lists spreads from 1.0 pips and zero separate commission, with the trading cost incorporated into the spread. The minimum deposit is currently listed at AUD $100 or equivalent, while maximum leverage is listed at up to 500:1 where applicable.
This account may be suitable for casual traders who prefer to avoid calculating a separate commission on each trade.
Raw Account
The Raw account is aimed at traders who prioritise tighter spreads.
Spreads start from 0.0 pips, with commission charged separately. FP Markets currently lists a $3 USD commission per side for the Raw account, while the minimum deposit is AUD $100 or equivalent.
The account can be particularly attractive to active traders, scalpers, and users who want access to institutional-style pricing.
Islamic Account
FP Markets also provides Islamic trading accounts for eligible clients who require swap-free trading conditions.
Availability and specific conditions can depend on the relevant entity and jurisdiction, so traders should review the current terms before applying.
Demo Account
A free demo account is available for traders who want to practise before committing real money.
The demo environment can be used to explore the platforms, test strategies, and become familiar with order execution without putting live capital at risk.
Professional Account
Eligible professional clients can apply for a professional account.
However, professional classification can involve giving up certain retail protections. FP Markets specifically notes that professional clients may not receive some protections available to retail clients under Australian regulations.
Commission and Fees
Minimum Deposit
The minimum deposit for FP Markets’ Standard and Raw forex accounts is currently AUD $100 or equivalent.
Other products, platforms, and jurisdictions may have different funding requirements.
Spreads
The Standard account offers spreads from 1.0 pips, while the Raw account provides spreads from 0.0 pips.
Actual spreads can change depending on market liquidity, volatility, instrument, and trading conditions.
Trading Commission
The Standard account does not charge a separate forex commission because trading costs are incorporated into the spread.
The Raw account uses commission-based pricing, with FP Markets listing a USD $3 commission per side for forex trading.
Equity CFD Fees
Share CFD commissions depend on the market being traded.
For example, FP Markets lists different rates for Australian, Hong Kong, UK, European, NYSE, and NASDAQ equity CFDs. Minimum commission charges can also apply.
Overnight Financing
Positions held overnight can incur swap or financing costs.
The amount depends on the instrument, trade direction, account conditions, and prevailing market rates. Traders who hold positions for longer periods should take these charges into account when assessing the total cost of a trade.
Inactivity Fees
Traders should review the applicable account terms for any administrative or account-related charges, as fees can vary depending on the entity, jurisdiction, and product.
Trading Platforms
FP Markets provides access to several established trading platforms, giving clients flexibility in how they analyse markets and execute trades. Its current platform range includes MetaTrader 4, MetaTrader 5, cTrader, TradingView, and the FP Markets mobile application.
MetaTrader 4
MetaTrader 4 is available for FP Markets clients and remains popular among forex traders.
MT4 provides advanced charts, technical indicators, multiple order types, and support for automated trading through Expert Advisors.
MetaTrader 5
MetaTrader 5 provides a broader trading environment and supports multiple asset classes.
FP Markets offers MT5 alongside MT4, allowing traders to select the platform that best matches their strategy and preferred tools.
cTrader
cTrader is another platform available through FP Markets.
It provides advanced charting, order management, market analysis, and a modern interface designed for active traders.
TradingView
FP Markets also supports TradingView, giving traders access to its popular charting and analysis environment.
This can be useful for traders who prefer TradingView’s extensive charting tools and interface.
Mobile Trading
FP Markets provides its own mobile application along with mobile versions of supported trading platforms.
This allows traders to monitor markets, manage positions, and access their accounts while away from a desktop computer.
Web Trading
Web-based trading options allow users to access markets through a browser without relying exclusively on desktop software.
This provides additional flexibility for traders who move between different devices.
Unique Features
Low-Spread Trading
One of FP Markets’ key attractions is its pricing structure.
The Raw account offers spreads from 0.0 pips with separate commission-based pricing, while the Standard account provides a simpler spread-only model.
Large Instrument Selection
With more than 10,000 instruments across seven asset classes, FP Markets provides a broad range of markets from one broker.
This range can be useful for traders who want to diversify between forex, shares, commodities, indices, metals, cryptocurrencies, ETFs, and bonds.
Social and Copy Trading
FP Markets supports social trading features that allow traders to follow and copy other strategies.
The broker promotes copy trading as a way for users to follow experienced traders and replicate their strategies in real time.
Expert Advisors
The broker supports automated trading through platforms such as MT4 and MT5.
This allows traders to use Expert Advisors and automated strategies where supported by the selected account and platform.
VPS and Trading Tools
FP Markets provides additional tools designed to support active traders.
Its current platform and tools offering includes VPS services, Autochartist, Myfxbook, MAM/PAMM solutions, trading tools, and other market-analysis features.
Fast Execution
FP Markets highlights its trading infrastructure and liquidity, including server facilities in New York and London.
The broker states that its technology is designed to provide fast execution and access to liquidity from major financial institutions.
Research and Education
FP Markets provides educational and market-related resources through its Traders Hub.
The resources are designed to help traders understand different markets, trading concepts, and strategies.
Trading Education
Educational material covers topics relevant to both new and experienced traders.
Beginners can use these resources to learn about forex, CFDs, technical analysis, risk management, and trading terminology, while experienced traders can use market-analysis content to supplement their own research.
Webinars and Tutorials
FP Markets provides tutorials and educational webinars as part of its trading resources.
The demo environment can also be used alongside these materials, allowing traders to practise strategies before applying them to a live account.
Market Analysis
The broker provides research and analytical tools to help clients follow market developments.
Third-party tools such as Autochartist and Myfxbook are also included within the broader tools ecosystem promoted by FP Markets.
Customer Support
FP Markets advertises 24/7 multilingual customer support.
This gives traders access to assistance outside traditional market-office hours, which can be particularly useful for clients trading international markets.
Customer support is available through multiple channels, including live chat, email, and telephone support.
These options allow traders to select the method most suitable for their issue.
FP Markets also provides online resources covering account types, platforms, funding, withdrawals, spreads, swaps, leverage, and other trading-related subjects.
The company’s legal section additionally provides access to documents such as client agreements, execution policies, and conflict-of-interest information.
Account Opening
Registration
Opening an FP Markets account begins with an online application.
Applicants choose their preferred account type and complete the required registration information.
Verification
As part of the onboarding process, clients must complete the broker’s identity and compliance checks.
The exact documentation required can depend on the client’s country and the regulatory entity providing the service.
Account Selection
Traders can select between different account structures according to their preferred pricing model.
The Standard account focuses on spread-only pricing, while the Raw account offers tighter spreads with a separate commission.
Funding
After the account is approved, traders can deposit funds using the available payment methods and begin accessing the markets.
FP Markets describes its onboarding process in three main steps: register, fund, and trade.
Deposits and Withdrawals
Deposit Methods
FP Markets offers a range of funding options.
The exact payment methods available can depend on the client’s country, currency, and regulatory entity.
Minimum Funding
The Standard and Raw forex accounts currently require a minimum deposit of AUD $100 or equivalent.
Other account types, especially professional and IRESS products, can have substantially different minimum balances.
Processing
Electronic payment methods can generally provide faster funding, while bank transfers may require additional processing time.
Clients should check the payment method’s terms before initiating a transaction.
Withdrawals
FP Markets provides online withdrawal facilities through its client environment.
Withdrawal processing can depend on the selected payment method and any applicable verification requirements.
Third-Party Charges
Payment providers and banks can apply their own charges or currency-conversion costs.
Traders should therefore consider both the broker’s published pricing and any external payment costs when calculating the total cost of moving funds.
Final Thoughts
FP Markets is an established global forex and CFD broker with more than 20 years of industry experience. Founded in Sydney in 2005, the broker now provides access to more than 10,000 financial instruments across multiple asset classes.
One of its strongest points is the choice between Standard and Raw pricing. The Standard account offers spreads from 1.0 pips with no separate commission, while the Raw account offers spreads from 0.0 pips with commission-based pricing. Both accounts currently list a minimum deposit of AUD $100 or equivalent.
FP Markets also stands out for its platform selection. Traders can choose from MetaTrader 4, MetaTrader 5, cTrader, TradingView, and the broker’s mobile application. This variety gives traders more flexibility than brokers that rely on a single proprietary platform.
The broker’s market coverage is another major advantage. Forex traders can access more than 70 currency pairs, while the broader product range includes shares, metals, commodities, indices, cryptocurrencies, ETFs, and bonds.
From a security perspective, FP Markets operates through several regulated entities, including ASIC, CySEC, FSCA, and FSA-regulated operations. The broker also states that client funds are segregated from company funds and that its financial accounts are externally audited.
Active traders may find the Raw account particularly interesting because of its low advertised spreads and separate commission structure. Meanwhile, the Standard account may be more convenient for traders who prefer to see their basic trading cost incorporated into the spread.
The availability of social trading, automated-trading support, VPS services, Autochartist, Myfxbook, MAM/PAMM solutions, and several other tools further expands the broker’s appeal to more experienced traders.
However, traders should remember that FP Markets operates through different legal entities, and account conditions, leverage, protections, available products, and eligibility can vary by jurisdiction. Professional clients may also give up certain retail protections, so the applicable terms should be reviewed carefully before changing account classification.
Overall, FP Markets review offers a strong combination of competitive pricing, broad market access, multiple professional trading platforms, and multi-jurisdictional regulation. It may suit beginners looking for a straightforward Standard account as well as experienced traders who prefer tight spreads, automated strategies, advanced platforms, and a wider range of instruments.
