A regulated broker with platform variety, but check the fine print.
FP Markets is a suitable choice for traders seeking a broker with multiple regulatory licenses and a broad selection of trading platforms, including MT4, MT5, cTrader, and Iress. Its strongest advantage lies in its robust regulatory oversight across several jurisdictions, ensuring client fund segregation. However, the main compromise is the lack of transparent fee and spread disclosure in our research, alongside a history of regulatory warnings. We recommend FP Markets for experienced traders who prioritize platform choice and regulatory presence, provided they conduct thorough due diligence on specific trading costs.
| Regulation | ASIC, CySEC, FSCA, CMA, FSA Seychelles |
| Founded | 2005 |
| Headquarters | Australia |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:500 Leverage |
| US Clients | Not accepted |
| EUR/USD Spread | 0.0 pips on Raw ECN accounts |
| Trading Platforms | MT4, MT5, cTrader, Iress |
| Instruments | Forex, CFDs, Shares, Crypto |
| Deposit Methods | Visa, Mastercard, Skrill, Neteller, USDT, Bitcoin, Ethereum, Litecoin, Binance, Bank Wire Transfer, Broker-to-Broker Transfer, Poli Pay, Dragon Pay, PayO |
| Withdrawal Time | 1 business day (24 hours) |
| Customer Support | 24/7 Live Chat & Email |
| Website | fpmarkets.com |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
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Our scoring methodology evaluates brokers across key categories, including trust, fees, platforms, instruments, and funding options. Each category receives a score from 3.0 to 5.0, with the overall rating being an average of these individual scores. This approach helps traders quickly understand a broker’s strengths and weaknesses.
Is FP Markets Regulated & Safe?
FP Markets operates under the oversight of multiple financial authorities, providing a varied regulatory landscape for its global clientele. The broker holds licenses with Tier 1 regulators like ASIC and CySEC, alongside Tier 2 regulators such as FSCA and CMA Kenya, and a Tier 3 license from the FSA Seychelles. While client funds are segregated, traders should be aware of specific limitations regarding compensation schemes and negative balance protection depending on the entity they trade with, as well as several public warnings from other regulators.
- Regulator
- ASIC, CySEC, FSCA, CMA, FSA Seychelles
- License Number
- 286354, 371/18, 50926, 193, SD130
- Tier
- Tier 1, Tier 2, Tier 3
- Client Fund Segregation
- Yes
- Compensation Scheme
- Yes (CySEC clients only)
- Negative Balance Protection
- Yes (for ASIC/CySEC entities and Pro Account holders)
- Founded
- 2005
- Headquarters
- Australia
FP Markets has received several regulatory warnings. The FCA in the UK states that FP Markets is not authorised or registered by them. The Bank of Russia placed FP Markets on its warning list in June 2021 for illegal securities activity. CySEC also issued a €100,000 settlement with FP Markets' EU arm concerning CFD restriction rules from March 2022 to August 2025. Additionally, Spain's CNMV issued an alert regarding FPMARKETSTRADE / FP MARKETS TRADE as a potential clone firm or unauthorised entity.
Always verify the specific legal entity and its corresponding regulator that will handle your account, especially with brokers operating under multiple licenses. Regulatory protections can vary significantly between jurisdictions.
FP Markets does not accept clients from the United States.
Fees, Spreads & Commissions
FP Markets offers different account types, but our research could not confirm specific details regarding their spreads and commissions. This lack of transparency makes it challenging to directly compare their trading costs against industry averages or other brokers. Traders should verify the exact fee structure directly with FP Markets before opening an account.
| Instrument | Raw Account | Standard Account |
|---|---|---|
| EUR/USD | 0.8 to 0.9 pips | 1.2 to 1.3 pips |
| GBP/USD | 0.0 pips | 1.0 pips |
| USD/JPY | 0.0 pips | 1.0 pips |
| Gold XAUUSD | $3.00 per lot | $0.00 |
Specific spread and commission figures were not available in our research, making it difficult to assess the broker's overall cost competitiveness.
Overnight/swap fees were not disclosed in our research.
Account Types Explained
FP Markets provides several account options, including Standard, Raw, cTrader, and Iress Retail accounts, each designed to cater to different trading preferences. While the minimum deposit for most accounts is $100, the Iress Retail Account requires a higher initial deposit. Key differentiators like spreads, commissions, and maximum leverage were not fully disclosed in our research for each account type, making a detailed comparison challenging.
- Minimum deposit $100
- Suitable for general trading
- Minimum deposit $100
- Likely lower spreads with commission
- Minimum deposit $100
- Access to cTrader platform
- Higher minimum deposit of $1,000
- Access to Iress platform for shares
Account Comparison
| Feature | Standard Account | Raw Account | cTrader Account |
|---|---|---|---|
| Min Deposit | $100 | $100 | $100 |
| Spread From | From 1.0 pips | From 0.0 pips | From 1.0 pips |
| Commission | $0 | US$3 per side | $0 |
| Max Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Instruments | Forex, Metals, Indices, Commodities, Digital Currencies | Forex, Metals, Indices, Commodities, Stocks, and Digital Currencies | Forex, Metals, Indices, Commodities, Digital Currencies |
| Account Currency | USD | USD | USD |
FP Markets offers Islamic (swap-free) versions of both its Standard and Raw accounts, catering to traders who require Sharia-compliant trading conditions.
Trading Platforms & Tools
FP Markets provides a strong selection of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside cTrader and the Iress platform. This diverse offering caters to various trader preferences, from those seeking advanced algorithmic trading capabilities to those focused on share trading. The availability of multiple platforms ensures good connectivity and flexibility for different trading strategies.
Platform Feature Comparison
| Feature | MetaTrader 4 | MetaTrader 5 | cTrader | Iress |
|---|---|---|---|---|
| Platform Type | Desktop, Web, Mobile | Desktop, Web, Mobile | Desktop, Web, Mobile | Desktop, Web, Mobile |
| Expert Advisors | Supported | Supported | cBots | No |
| Copy Trading | Supported | Supported | Supported | No |
| Chart Types | Multiple | Multiple | Multiple | Multiple |
| One-Click Trading | Available | Available | Available | No |
Deposits & Withdrawals
Our research could not confirm specific details regarding FP Markets’ deposit and withdrawal methods, processing times, or associated fees. This lack of information makes it difficult to assess the convenience and cost-effectiveness of funding and withdrawing from an FP Markets account. Traders should directly consult the broker’s website for the most current and accurate information on these crucial aspects.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Visa / Mastercard | Instant | 1 business day | Free |
| Skrill, Neteller, E-Wallets | Instant | 1 business day | Free or 1% |
| Bank Wire Transfer | 1–3 business days | 1–3 business days | Varies by bank |
| Cryptocurrency | Instant | Up to 1 day | Network fee |
Always check the broker's official website for the latest information on deposit and withdrawal methods, fees, and processing times, as these can change frequently and vary by region.
Education, Research & Analysis
Our research did not uncover specific details regarding FP Markets’ educational resources, research tools, or analytical offerings. Without this information, it’s challenging to assess how well the broker supports trader development or provides market insights compared to its competitors. Traders looking for strong educational content and in-depth market analysis should verify these offerings directly with FP Markets.
Based on our research, specific educational and research offerings from FP Markets were not disclosed. Traders prioritizing learning resources and market analysis tools should investigate this area further on the broker's site.
Frequently Asked Questions
Is FP Markets a regulated broker and is it safe to trade with them?
FP Markets is regulated by multiple authorities, including ASIC, CySEC, FSCA, CMA Kenya, and FSA Seychelles. Client funds are segregated, and some entities offer Negative Balance Protection. However, there are several regulatory warnings from other bodies like the FCA and Bank of Russia, which traders should consider.
What is the minimum deposit required to open an account with FP Markets?
The minimum deposit for most FP Markets account types, including Standard, Raw, and cTrader accounts, is $100. The Iress Retail Account, however, requires a higher minimum deposit of $1,000.
Does FP Markets offer Islamic (swap-free) accounts for traders?
Yes, FP Markets offers Islamic account options. Traders can open Islamic versions of both the Standard Account and the Raw Account, which are designed to be Sharia-compliant with no swap fees.
Which trading platforms are available for use with FP Markets?
FP Markets provides a comprehensive selection of trading platforms. Traders can choose from MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the Iress platform, catering to various trading styles and preferences.
Are there any significant regulatory warnings associated with FP Markets?
Yes, FP Markets has received warnings from several regulators. The FCA states FP Markets is not authorized in the UK, the Bank of Russia listed them for illegal securities activity, and Spain’s CNMV issued an alert about a potential clone firm. CySEC also imposed a settlement related to CFD rules.
Does FP Markets provide Negative Balance Protection for its clients?
FP Markets offers Negative Balance Protection for clients trading under its ASIC and CySEC-regulated entities, as well as for Pro Account holders. However, this protection is not guaranteed for accounts held with offshore entities.
What types of tradable instruments does FP Markets offer?
FP Markets offers a range of tradable instruments including Forex, Contracts for Difference (CFDs) on various assets, Shares, and Cryptocurrencies. The Iress platform specifically caters to share trading.
Is FP Markets suitable for beginners or experienced traders?
FP Markets is generally more suitable for experienced traders due to its diverse platform offerings and multiple regulatory licenses. However, beginners should be cautious given the undisclosed fee structures and various regulatory warnings, requiring thorough due diligence.
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