FP Markets
Published: Updated:
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 100
- Trading platforms
- Payment systems
- Instruments
- Forex, Indices, Commodities, Metals, Energies, Stocks, Bonds, ETFs, Cryptocurrencies
- Legal entity
- First Prudential Markets Pty Ltd
- Jurisdiction
- Australia
- Fees
- Standard accounts price the cost into the spread with no commission; Raw accounts quote spreads from 0.0 pips with a commission per lot. Share CFDs carry their own commission. Overnight swaps apply, and swap-free accounts are available.
- Withdrawals
- Withdrawals return to the funding method and are typically processed the same business day when requested before the daily cut-off. FP Markets does not generally charge a withdrawal fee.
- Available in
Features
- Trading seminars and educational resources
- Daily market analysis
- Low $100 minimum deposit
- PAMM service for money managers
- Islamic (swap-free) accounts
- MAM terminal
- Segregated client accounts
- ECN accounts
- Scalping allowed
- Affiliate program
- Wide range of tradable instruments
Pros
- No standout advantages identified for this broker.
Cons
- No notable drawbacks identified for this broker.
FP Markets is an Australia-headquartered forex and CFD broker founded in 2005, serving a global client base of more than 12,000 traders. It combines ECN technology with Direct Market Access pricing, regulated by ASIC in Australia and CySEC for European clients. Traders can access MT4, MT5, and IRESS, with a minimum deposit of $100 across account types.
FP Markets is an ASIC- and CySEC-regulated ECN/DMA broker offering MT4, MT5, and IRESS, with a $100 minimum deposit and PAMM/MAM account options.
Overview of FP Markets
FP Markets is a forex and CFD broker established in 2005, serving a global client base of more than 12,000 traders. It uses Electronic Communication Network (ECN) technology and Direct Market Access (DMA) pricing, connecting client orders directly to the market instead of routing them through a dealing desk.
Regulation and Fund Safety
Australian Regulation
FP Markets is headquartered in Sydney, Australia, and regulated by the Australian Securities and Investments Commission (ASIC). Through its Australian entity, the broker offers more than 13,000 instruments, including forex, indices, commodities, metals, cryptocurrencies, and share CFDs.
European Regulation
For European clients, FP Markets operates under the Cyprus Securities and Exchange Commission (CySEC), which applies the standards of the European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive (MiFID). Client funds are held separately from company funds at established banks.
Trading Technology
FP Markets' ECN technology routes orders directly to liquidity providers, bypassing manual dealer intervention. This supports fast execution and pricing close to the interbank market, which matters most for scalping and other short-term strategies.
Trading Platforms
The broker supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the IRESS platform, built for trading shares, indices, and futures. FP Markets also offers Multi-Account Manager (MAM) and Percentage Allocation Management Module (PAMM) tools for money managers handling multiple client accounts.
Account Types and Trading Conditions
On MT4 and MT5, FP Markets offers Standard and Raw account types, using STP and ECN execution respectively. Three further account types are available on IRESS. The Standard account has a floating EUR/USD spread averaging 0.7 pips; the Raw account averages 0.1 pips plus a $3 commission per lot. The minimum deposit across account types is $100.
Additional Services
FP Markets also runs trading seminars, daily market analysis, Islamic (swap-free) accounts, and an affiliate program, all backed by segregated client accounts.
Trading conditions
FP Markets has been trading since 2005 and competes on raw-spread pricing routed to aggregated liquidity. The Raw account quotes from 0.0 pips with a per-lot commission and is the product its execution reputation rests on.
Platform choice is broad — MetaTrader 4 and 5, cTrader and a TradingView integration — and the share CFD list runs to thousands of instruments, which is unusual for a broker of this profile.
Terms follow the entity: the ASIC and CySEC companies apply 30:1 on major pairs with negative balance protection and margin close-out at 50%, and Cyprus clients have Investor Compensation Fund cover up to €20,000. The offshore entity applies neither.
Verification
Verification requires photo ID and proof of address, with an appropriateness assessment on the regulated entities. Documents are usually reviewed within one business day.
Australian clients have client money held under ASIC client money rules. Confirm which entity your client agreement names before depositing, since the group routes clients by residence and the protections differ.
