FP Markets Review 2026

Regulation & Safety

Regulation is where FP Markets tells two different stories depending on which entity you land with. The broker operates under eight regulatory bodies, ranging from Tier 1 (ASIC) down to completely unregulated (SVG).

Regulatory Licenses

The ASIC license (286354) anchors FP Markets’ regulatory credibility. ASIC is a Tier 1 regulator with strict capital requirements, conduct standards, and client money protections. The CySEC license (371/18) provides EU-level protections including MiFID II compliance.

The SVG registration deserves special attention. St. Vincent and the Grenadines does not regulate forex or CFD trading, so the SVG entity offers no investor compensation, no guaranteed negative balance protection, and limited oversight. In September 2023, FinTelegram placed FP Markets on its Orange Compliance List after finding the offshore entity was onboarding EEA clients, bypassing the ESMA protections (tighter leverage, mandatory negative balance protection) those clients would receive under CySEC.

If you are opening an FP Markets account, verify which entity you are registering with. Choose the ASIC (Australian) or CySEC (EU) entity whenever possible.

Client Fund Protection

Under the ASIC and CySEC entities, client funds are held in segregated accounts at AA-rated Australian banks, including NAB and Commonwealth Bank. CySEC clients are additionally covered by the Investor Compensation Fund (ICF), providing up to EUR 20,000 per client if the broker becomes insolvent. Both entities provide negative balance protection.

Clients under offshore entities (SVG, Seychelles, Mauritius, Bahamas) do not receive these guarantees. Fund segregation may apply, but there is no compensation scheme and no guaranteed negative balance protection.

Company History & Reputation

FP Markets was founded in 2005 in Sydney, Australia, and is headquartered at Level 5, Exchange House, 10 Bridge Street, Sydney. Over two decades, the broker has accumulated over 60 industry awards.

On Trustpilot, fpmarkets.com holds a 5-star rating from approximately 10,000 reviews, with most praising support and execution speed. The fpmarkets.eu domain tells a different story: very negative reviews from a small sample (around 10), citing frozen accounts and offshore onboarding issues.

On ForexPeaceArmy, reviews are mixed, with complaints about profit nullification on Islamic accounts and occasional withdrawal delays. ForexBrokers.com assigns a Trust Score of 89 out of 99 (“Trusted”).

Account Types & Fees

FP Markets keeps its account lineup straightforward: two primary account types for forex and CFD traders, plus the Iress account for Australian stock traders.

The Standard Account suits traders who prefer a commission-free setup. Spreads start from 1.0 pips and average around 1.1 to 1.2 pips on EUR/USD, with all costs built into the spread.

The Raw Account is built for active traders, scalpers, and algo traders. Spreads start from 0.0 pips with a commission of $3 per side ($6 round-turn per standard lot). On TradingView, the Raw account is the only option. For most active traders, the all-in cost (spread plus commission) undercuts the Standard account’s wider spreads.

The Iress Account is available exclusively to Australian clients and provides DMA access to over 10,000 stocks on the ASX and global exchanges. It requires a $1,000 AUD minimum deposit. Monthly platform fees of AUD 55 apply unless you generate at least AUD 150 in monthly commissions or maintain an AUD 50,000 balance.

Leverage (the ability to control a larger position with a smaller deposit) varies by entity:

• ASIC and CySEC retail clients: Up to 1:30 (forex majors)
• Offshore entities (SVG, Seychelles, etc.): Up to 1:500

Islamic accounts are available for both Standard and Raw account types. These swap-free accounts replace overnight interest charges with administration fees. As noted earlier, some traders have reported issues with profit confiscation under “abusive trading” clauses on these accounts.

Demo accounts are available with unlimited duration and customizable balance. Dormant accounts are deactivated after three months but can be reactivated at any time with no charge.

FP Markets supports 10 base currencies: AUD, USD, EUR, GBP, CAD, SGD, HKD, JPY, NZD, and CHF. Multiple sub-accounts with different base currencies are also available.

Trading Platforms & Tools

FP Markets offers five trading platforms. Each targets a different type of trader, so the choice comes down to how you trade.

MetaTrader 4 (MT4) remains the most widely used forex trading platform globally. FP Markets’ MT4 includes Expert Advisor (EA) support, automated trading via MQL4, and add-ons like the FX Blue Trading Simulator and Traders Toolbox for sentiment analysis, correlation trading, and tick charts.

MetaTrader 5 (MT5) builds on MT4 with a broader asset range, improved backtesting, and MQL5. If you want to trade share CFDs alongside forex, MT5 is the stronger MetaTrader option.

cTrader appeals to traders who value advanced charting, a clean interface, and transparent order routing. It supports automated strategies through cTrader Automate and offers depth-of-market (DOM) visibility. Both Standard and Raw accounts are available on cTrader.

TradingView is available exclusively on the Raw account. If you already use TradingView for analysis, trading directly from it removes the friction of switching between platforms.

Iress is FP Markets’ DMA platform for Australian clients, providing direct access to the ASX and international exchanges with full depth-of-book pricing on over 10,000 stocks.

Additional tools include:

• Autochartist: Automated pattern recognition and trade setup alerts
• Trading Central: Technical analysis, market insights, and trading signals
• Free VPS hosting: Available for automated traders (subject to account activity conditions)
• Mobile apps: Available for MT4, MT5, and cTrader on iOS and Android
• Social/Copy trading: Integration with Signal Start for copy trading

Markets & Instruments

FP Markets provides access to over 10,000 tradable instruments across seven asset classes.

• Forex: 70+ currency pairs covering majors, minors, and exotics
• Stocks/Shares: 10,000+ via Iress (Australia only), 54+ equity CFDs via MT4/MT5
• Indices: 19+ global indices including the S&P 500, NASDAQ 100, DAX, FTSE 100, and ASX 200
• Commodities: 10+ including crude oil, natural gas, corn, and wheat
• Metals: Gold, silver, platinum, palladium, plus base metals
• Cryptocurrencies: 11+ pairs including BTC, ETH, LTC, and altcoins
• ETFs: 290+ available via Iress
• Bonds: UK Long Gilt Futures and US 10-Year Treasury Note Futures

The standout is Iress and its stock trading capability. Most forex brokers offer a handful of share CFDs; FP Markets gives Australian clients direct market access to thousands of stocks across major exchanges. For international traders on MT4/MT5, the stock CFD selection is more limited at around 54 instruments.

Trading Costs & Conditions

Trading costs at FP Markets depend on which account type you choose.

Spread Comparison Table

The Raw account commission is $3 per side ($6 round-turn per standard lot). Some sources cite $3.50 per side ($7 round-turn), which may vary by platform, so verify the current rate on FP Markets’ website.

For context, the Raw account’s all-in EUR/USD cost of approximately $7 per standard lot compares well against competitors. IC Markets charges $7 round-turn with a slightly tighter average spread (0.02 pips). Fusion Markets charges $4.50 round-turn, making it the cheapest option for pure cost optimization.

The Standard account’s average EUR/USD spread of 1.1 to 1.2 pips is respectable but not market-leading; IC Markets’ Standard account averages around 0.8 pips. The Raw account will almost always deliver better value for active traders.

FP Markets uses an ECN (Electronic Communication Network) execution model for forex, meaning orders are matched with liquidity from multiple providers rather than routed through a dealing desk. Share CFDs use a DMA model through Iress. Average execution speed is under 40 milliseconds with a no-requotes policy.

Swap rates (the cost of holding positions overnight) are average for the industry and clearly displayed within each platform. No inactivity fees are charged. Share CFD commissions on MT5 start at $0.02 per share with a minimum charge.

Deposits & Withdrawals

FP Markets offers a broad range of deposit and withdrawal methods, including cryptocurrency options many competitors lack.

Deposit methods include: Visa, Mastercard, bank transfer, e-wallets (Neteller, Skrill, FasaPay, Dragonpay, Perfect Money, Sticpay), cryptocurrency (BTC, ETH, LTC, USDT via Finrax), Apple Pay, Google Pay, and Rapid Transfer.

Fees and processing times:

• No deposit fees on any method
• Bank transfers over $10,000: FP Markets reimburses international fees up to $50 USD
• E-wallet and crypto: Typically same day; bank transfers: 1 to 3 business days; cards: usually instant

Withdrawals:

• Withdrawal methods mirror the deposit method used (anti-money-laundering practice)
• No withdrawal fees from FP Markets (third-party fees may still apply)
• E-wallet and crypto: Typically same day; bank transfers: 1 to 3 business days

FP Markets supports 10 base currencies: EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, and CHF. PayPal is not supported. KYC (Know Your Customer) verification is required before processing withdrawals, which is standard across regulated brokers.

Customer Support & Education

FP Markets advertises 24/7 multilingual support across live chat, phone, and email. In practice, independent reviewers have noted some phone channels may operate on a 24/5 schedule, though live chat and email appear responsive around the clock. Response times on live chat average under one minute. The team operates in over 40 languages, well above the industry average.

Support channels include live chat, phone (multiple international numbers), email, and social media.

On the education side, FP Markets offers beginner guides, video tutorials, webinars, daily market analysis, and a forex calculator through its Traders Hub and Academy. Autochartist and Trading Central are integrated for pattern recognition and trading signals.

Demo accounts are available with unlimited duration and customizable balances.

FP Markets vs The Competition

Here is a direct comparison with three popular alternatives.

FP Markets vs IC Markets: IC Markets edges ahead on raw EUR/USD spreads (0.02 pips vs 0.1 pips) but charges a higher commission ($7 vs $6) and offers fewer platforms and significantly fewer instruments (3,500+ vs 10,000+). FP Markets wins on breadth; IC Markets wins on raw pricing.

FP Markets vs Pepperstone: Pepperstone carries a stronger regulatory profile with FCA, ASIC, CySEC, and BaFin licenses, earning a Trust Score of 95. Raw spreads are comparable. Pepperstone’s Active Trader program offers volume rebates, but its instrument count (1,700+) falls well short of FP Markets’ 10,000+.

The trade-offs are clear. FP Markets leads on instrument breadth and platform variety. Pepperstone leads on regulatory depth. IC Markets leads on raw pricing.

Shedding Light on Misinformation

When researching FP Markets, you may come across misleading claims. Here are the most important ones.

False Claim: “FP Markets China” (fpmarketsltd.com) is the official Chinese branch of FP Markets.

Reality: This is a fraudulent clone website with no affiliation to the genuine FP Markets group. The domain fpmarketsltd.com was registered in March 2025 and has no valid regulatory registration. The official domains are fpmarkets.com (international), fpmarkets.com.au (Australia), and fpmarkets.eu (EU). Treat any other domain claiming to be FP Markets with extreme caution.

False Claim: All FP Markets clients are protected by ASIC and CySEC regulation.

Reality: Protection depends entirely on which FP Markets entity you register with. Clients under the SVG entity (FP Markets LLC, Registration No: 126 LLC 2019) have no investor compensation, limited oversight, and may not receive negative balance protection. Only clients under the ASIC (286354) or CySEC (371/18) entities receive the full suite of protections including fund segregation at AA-rated banks, negative balance protection, and access to compensation schemes.

Conclusion

FP Markets is a well-established broker with genuine competitive advantages: five trading platforms, over 10,000 instruments, ECN pricing from 0.0 pips, a 20-year track record, and Tier 1 ASIC regulation. For traders who value platform variety and broad market access at competitive costs, it delivers.

The Raw account is the clear value pick, with all-in EUR/USD costs of approximately $7 per standard lot. Standard account spreads are acceptable but not market-leading, so cost-sensitive traders should use the Raw account or consider IC Markets or Fusion Markets.

The critical caveat remains entity selection. Traders on the SVG offshore entity trade with significantly reduced protections compared to ASIC or CySEC. Before opening an account, confirm which entity you will be registered with and opt for ASIC or CySEC whenever your jurisdiction allows it.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.