FP Markets Trading Broker Review

Written by Christopher Lewis

Christopher Lewis

Christopher Lewis is a professional trader and author specialized in Forex and Crypto trading.

, | Updated: July 15, 2026

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• Go to:
• General Information
• Account Information
• Trading Information
• Spreads
• Leverage
• Deposit Methods
• Regulations and Security
• Account Types and Features
• Trading Platforms
• Trading Instruments
• Trading Conditions
• Deposits and Withdrawals
• Copy Trading and Additional Services
• Customer Service
• Pros and Cons
• Conclusion
›

Since its launch two decades ago in Sydney, FP Markets has established itself as a reliable broker in the retail trading industry. The company maintains this position through its commitment to client satisfaction, regulatory compliance and fair pricing. Its extensive catalogue of competitively priced CFD products further contributes to its popularity.

Christopher Lewis is a US based Forex trader and analyst who trades across all sessions and pairs. He contributes forecasts, videos, and signals to major platforms like DailyForex.com, FXEmpire.com and Investing.com

Expert opinion by Christopher Lewis:

FP Markets allows traders to trade Forex, CFDs, Indices, Metals, Commodities, Bonds and more. In existence since 2005, FP Markets has 20 years' experience and offers 1:500 leverage for retail clients. Social trading is available, as is all of the world's most popular trading platforms. FP Markets is regulated in multiple countries such as Australia, Cyprus, South Africa, and the Seychelles.

FP Markets Contact Information

The broker offers an impressive product line-up spanning over 10,000 tradable markets, including more than 60 forex pairs, indices, commodities, stocks, cryptocurrencies and exchange-traded funds. These are available through spread-only Standard accounts and commission-based accounts with raw spreads starting from 0.0 pips. Both options have a low minimum deposit requirement of $50. Eligible clients with sufficient experience can apply for professional accounts to access higher forex leverage of up to 1:500. The broker provides a choice of several popular platforms, including MT4, MT5, TradingView and cTrader.

FP Markets adheres to the strict requirements of several tier-one regulators, including CySEC and ASIC. It holds client funds in segregated accounts and provides negative balance protection to all retail traders. Retail clients are also eligible for compensation of up to €20,000 per person through FP Markets’ participation in the Cyprus Investor Compensation Fund (ICF). Continue reading for more information about what this broker offers.

General Information about FP Markets

Account Information

Account Types	Demo Account, Standard Account, Raw Account, Pro Account, Islamic Account
ECN Account
Pro Account
MAM Account

Trading Information

Markets	Commodity CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Index CFDs, Metal CFDs, Stock CFDs
Min Contact Size	0.01
Max Contract Size	50 (50 lots)
Min Account Balance	USD50
Scalping Allowed
Hedging Allowed
PAMM Trading
Swap-free Trading

Spreads

Leverage

Deposit Methods

Visa Card
MasterCard
Paypal
Credit/Debit Card
Amex
Bank/Wire Transfer
Crypto
Bitcoin
Skrill
Neteller
Google Pay
Apple Pay
Payid
USDT
Tether
Astropay

Regulations and Security

FP Markets operates under strict regulatory supervision, offering clients a secure and transparent trading environment. The broker is licensed and regulated by the Australian Securities and Investments Commission (ASIC), which enforces rigorous financial standards. ASIC’s oversight ensures that FP Markets complies with capital adequacy requirements and risk-management protocols. It also requires the broker to segregate client funds from operational accounts, providing an additional layer of security.

In addition to ASIC, FP Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), allowing it to operate across the European Economic Area under the Markets in Financial Instruments Directive (MiFID II). CySEC regulation enforces stringent rules regarding client protection, transparency and operational practices. Both regulatory bodies require regular audits and reporting, ensuring that FP Markets maintains its commitment to accountability and financial integrity. These regulations protect client interests and strengthen confidence in the broker’s reliability.

By complying with these high standards across multiple jurisdictions, FP Markets demonstrates its commitment to maintaining a trustworthy trading environment. Whether trading in Australia, Europe or elsewhere, clients benefit from the broker’s transparent and responsible operations under respected financial authorities.

Account Types and Features

FP Markets provides multiple account types tailored to the needs of traders, from beginners to experienced professionals.

• Standard Account

  Ideal for newcomers, this account requires a minimum deposit of $100 and features spreads starting from 1.0 pips with no commission. It is designed for traders seeking simplicity and cost-effectiveness.

• Raw Account

  Suited to intermediate and advanced traders, the Raw Account offers spreads starting from 0.0 pips with a competitive commission of $3 per lot. This account type appeals to traders who prioritise tight spreads and transparent pricing.

• IRESS Accounts

  Designed for professional traders and investors, these accounts include Standard, Platinum and Premier options, each with different deposit requirements and features. They provide direct market access, advanced charting tools and the ability to trade over 10,000 instruments.

FP Markets also offers Islamic (swap-free) accounts for traders who follow Sharia law, as well as demo accounts that allow users to practise trading in a risk-free environment.

How to Open an Account

1. Initial Registration: Begin by visiting the FP Markets website. Click the “Open an Account” or “Sign Up” button, usually found in the top-right corner of the homepage. This will take you to the registration page, where you will need to provide basic information, including your first and last name, email address and phone number, as well as create a password for your account. Ensure that your password is strong and unique to maintain account security.
2. Account Type Selection: After the initial registration, you will be prompted to choose the type of account you wish to open. Each account type has its own features, including different leverage, spreads and commission structures. Select the account that best suits your trading needs and experience level.
3. Personal Details: The next step involves providing more detailed personal information, including your date of birth, address and identification details. The information required may vary depending on your country of residence and the regulatory requirements that FP Markets must follow.
4. Verification Process: As part of its Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, FP Markets will require you to verify your identity and residence. This typically involves uploading scanned copies or photographs of identification documents, such as a passport, national ID card or driver’s licence.
5. Deposit Funds: Once your account has been verified, you can deposit funds. FP Markets offers various payment methods, including credit and debit cards, bank wire transfers and electronic payment systems. Choose the method that is most convenient for you and follow the instructions provided.
6. Demo Account Option: If you are new to trading or want to test the platforms and services offered by FP Markets, consider opening a demo account first. Demo accounts are funded with virtual money, allowing you to practise trading strategies and become familiar with the trading environment without risking real capital.

Trading Platforms

FP Markets offers a variety of trading platforms to suit different trading styles and preferences. The most popular options include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their user-friendly interfaces, advanced charting tools and support for automated trading through Expert Advisors (EAs). Both platforms are available on desktop, mobile and web, enabling traders to access their accounts while on the move.

For professional traders, the IRESS platform offers sophisticated features. It provides direct market access, real-time data feeds and advanced charting capabilities. This platform is particularly suitable for equity and CFD traders who require detailed analytics and advanced execution tools.

FP Markets also offers the cTrader platform, which focuses on transparency and high-speed execution. It is suitable for algorithmic traders and offers features such as cAlgo for coding and backtesting trading strategies.

The platforms are complemented by additional tools, such as VPS hosting for uninterrupted trading and Smart Trader Tools for enhanced technical analysis. Their availability across multiple devices allows traders to access their accounts at any time and from various locations.

FP Markets’ range of trading platforms and advanced features caters to both beginner and experienced traders, supporting a smooth and efficient trading experience.

Trading Instruments

FP Markets provides a wide range of trading instruments across various asset classes, catering to different trading needs. The following is an overview of the available instruments:

• Forex

  • Currency Pairs: FP Markets offers trading in over 60 major, minor and exotic currency pairs, including EUR/USD, USD/JPY, GBP/USD and more.
  • Leverage: Leverage options vary, with some accounts offering up to 1:500, allowing traders to control larger positions with a smaller amount of capital.
  • Spreads: Competitive spreads start from 0.0 pips on ECN accounts, with commission fees applying to certain account types.

• Indices

  • Global Indices: Trade on a variety of global indices, such as the S&P 500, Dow Jones, NASDAQ, FTSE 100, DAX and more.
  • Leverage: Leverage of up to 1:200 may be available, depending on the account type and market conditions.
  • Spreads: Competitive spreads are available, with some indices offering spreads as low as 0.4 points.

• Commodities

  • Metals: Gold, silver, platinum and palladium are available for trading, with leverage options and competitive spreads.
  • Energies: Trade on crude oil, natural gas and other energy commodities, with varying leverage and spread conditions.
  • Soft Commodities: Soft commodities such as coffee, sugar and cocoa may also be available, depending on market conditions and the broker’s offerings.

• Cryptocurrencies

  • Major Cryptocurrencies: FP Markets offers trading in popular cryptocurrencies, such as Bitcoin, Ethereum and Litecoin, against the US dollar or other fiat currencies.
  • Leverage: Leverage for cryptocurrency trading is typically lower than for forex, often reaching up to 1:20 due to the volatile nature of these markets.
  • Spreads: Cryptocurrency spreads can be wider because of market volatility, but FP Markets aims to provide competitive pricing.

• Shares (CFDs)

  • Global Shares: Trade CFDs on shares from major exchanges around the world, including those in the US, UK, Australia and Europe.
  • Leverage: Leverage of up to 1:20 is typically available for shares, allowing traders to gain exposure to equity markets with less capital.
  • Spreads: Competitive spreads are available, with spreads on some shares starting from 0.01%.

• Bonds

  • Government Bonds: FP Markets may offer trading in government bonds from various countries, providing opportunities to trade based on interest-rate movements.
  • Leverage and Spreads: Leverage and spread conditions for bonds can vary. Leverage is often lower than for other instruments, while spreads reflect each bond’s liquidity and market conditions.

Trading Conditions

FP Markets provides trading conditions designed to accommodate a range of trading styles and strategies. The broker offers leverage of up to 1:500, allowing traders to increase their market exposure. However, high leverage also increases risk, making it essential for traders to use appropriate risk-management techniques.

FP Markets offers highly competitive spreads. On the Standard Account, spreads start from 1.0 pips with no commission fees, making it an attractive choice for cost-conscious traders. The Raw Account, designed for professionals, offers spreads starting from 0.0 pips with a commission of $3 per lot, providing transparent pricing for high-volume traders.

Margin requirements are clearly defined, helping traders plan their strategies effectively. FP Markets also prioritises low-latency execution to minimise slippage, an important consideration for scalpers and high-frequency traders.

By combining competitive spreads, flexible leverage and transparent commission structures, FP Markets supports a variety of trading approaches. These trading conditions contribute to the broker’s reputation among global clients.

Deposits and Withdrawals

FP Markets offers a straightforward and secure deposit and withdrawal process, allowing clients to manage their funds efficiently. The following sections outline the available options and procedures:

Deposits

• Deposit Options: Clients can deposit funds via bank wire transfers, major credit and debit cards, and popular e-wallets such as PayPal, Skrill and Neteller.
• Minimum Deposit Requirement: The minimum deposit is $100, making the account accessible to traders with different budgets.
• Deposit Processing Time: Deposits are typically processed instantly or within a few hours, depending on the payment method used.

Withdrawals

• Withdrawal Options: Clients can withdraw funds using the same methods available for deposits, including bank wire transfers and e-wallets.
• Withdrawal Processing Time: Withdrawal requests are processed within one to three business days for bank transfers and in less than 24 hours for e-wallets.
• Fees and Charges: FP Markets does not charge internal fees for deposits or withdrawals. However, clients may incur third-party fees imposed by their payment providers.

Security and Transparency

• Secure Payment Gateway: FP Markets uses a secure payment gateway to protect client transactions and maintain the confidentiality of sensitive information.
• Transparent Fees: The company provides clear information about fees and charges, helping clients understand any costs associated with deposits and withdrawals. By prioritising security, convenience and transparency, FP Markets provides clients with a reliable and efficient way to manage their funds.

Copy Trading and Additional Services

FP Markets provides a copy-trading feature that allows clients to mirror the strategies of experienced traders. This service is available through platforms such as Myfxbook and MQL5, offering straightforward integration and a user-friendly experience. Beginners can use this feature to observe experienced traders, while other investors can diversify their approaches without managing every trade directly.

In addition to copy trading, FP Markets offers several supplementary services designed to improve the trading experience. VPS hosting provides uninterrupted access to trading platforms, which is particularly important for algorithmic traders who rely on automated systems. The broker also provides Smart Trader Tools, including advanced technical indicators and risk-management features.

FP Markets also offers educational resources, including webinars, tutorials and market analysis. These materials can help both new and experienced traders develop their knowledge and better understand financial markets.

Customer Service

FP Markets offers 24/7 customer support to assist traders whenever necessary. Clients can contact the support team through several channels, including live chat, email and phone. The broker’s multilingual support staff serve clients from a range of linguistic and cultural backgrounds, improving the accessibility of its services.

The support team assists with technical issues, account enquiries and trading-related concerns. FP Markets also provides an extensive FAQ section and support documentation, offering quick answers to common questions.

With round-the-clock availability and multilingual service, FP Markets prioritises customer support throughout the trading process.

Pros and Cons

FP Markets offers a strong combination of reliability, competitive pricing and trading functionality, although traders should consider both its advantages and limitations before opening an account.

Conclusion

FP Markets has established itself as a trusted and versatile broker, offering clients a diverse range of financial instruments, advanced platforms and competitive trading conditions. Backed by regulation from ASIC and CySEC, the broker prioritises client security and transparency.

Whether you are a beginner looking for simplicity or an experienced trader seeking advanced tools, FP Markets provides account types and services for different levels of experience. Features such as copy trading, VPS hosting and educational materials further support the trading experience.

While FP Markets offers a broad range of instruments and competitive trading costs, its limited cryptocurrency selection and potentially variable withdrawal times may be drawbacks for some clients. Nevertheless, the broker remains committed to providing a professional and supportive trading environment.

Overall, FP Markets is a reliable, client-focused broker offering tools and services for a variety of trading needs.

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