FP Markets Review 2026
Established in 2005
•
Australia
• ASIC Regulated
FP Markets is one of our top-rated forex brokers, scoring 4.5/5 in our comprehensive testing. Regulated by ASIC (highest protection tier), this broker offers spreads from 0.1 pips on EUR/USD with a minimum deposit of $100. Trade 10000+ instruments including forex, CFDs, and more.
📊 FP Markets Overview
FP Markets (First Prudential Markets Pty Ltd) is a well-established broker founded in 2005 headquartered in Sydney, Australia. The broker operates under the supervision of ASIC , one of the world's most respected financial regulators known for strict oversight and investor protection .
With access to 10000+ tradable instruments including 70 forex pairs , 12 cryptocurrencies , 9000 stocks , and various indices, FP Markets caters to diverse trading strategies.
| Legal Name | First Prudential Markets Pty Ltd |
|---|---|
| Founded | 2005 |
| Headquarters |
Sydney, Australia
|
| Primary Regulation | ASIC (Tier 1 - Highest Protection) |
| Instruments | 10000+ assets |
| Min Deposit | $100 |
| Max Leverage | 1:500 |
📖 FP Markets — In-Depth Introduction
Since 2005, FP Markets has been serving traders worldwide, accumulating 21 years of expertise in the financial markets. The ASIC license held by FP Markets represents the gold standard in forex regulation. Traders can operate with confidence knowing their funds are protected by one of the world's most respected financial authorities. FP Markets positions itself as a premium choice for cost-conscious traders, with EUR/USD spreads averaging just 0.1 pips—significantly below the industry average of 1.0 pip.
Company Background
FP Markets (legally First Prudential Markets Pty Ltd) has been operating in the financial services industry for 21 years. Headquartered in Sydney, Australia, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 10000+ tradable instruments.
💸 FP Markets Fees — Complete Cost Analysis
FP Markets's fee structure is designed for high-volume traders who understand that every pip counts. The 0.1 pip average spread on EUR/USD translates to real savings over hundreds of trades. FP Markets's ECN accounts feature $3.0 commission per lot, combined with raw spreads. Total trading costs often work out lower than spread-only accounts for high-volume traders. For context, a day trader executing 5 round-turn trades daily at 1 lot each would pay roughly $5 in spread costs per day with FP Markets. Over a month (22 trading days), that's $110.
Trading Costs Breakdown
💡 Cost Calculator: FP Markets
Non-Trading Fees
| Fee Type | FP Markets | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is FP Markets Safe? — Complete Security Analysis
FP Markets's 88/100 Trust Score places it among the safest brokers in our database. This score is calculated using 15+ safety factors including regulation, fund segregation, and company transparency. Client funds at FP Markets are held in segregated accounts at top-tier banks, completely separate from the company's operational funds. This means even in the unlikely event of broker insolvency, your money remains protected and inaccessible to creditors.
Regulatory Framework
FP Markets is regulated by ASIC.
Security Features Checklist
Understanding the Trust Score
Our 88/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use FP Markets?
✅ Best For
- Beginners will appreciate FP Markets's low $100 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Scalpers and high-frequency traders should consider FP Markets for its 0.1 pip spreads and rapid execution. Every fraction of a pip saved adds up when executing dozens of trades daily.
- Muslim traders can benefit from FP Markets's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- FP Markets's copy trading functionality makes it ideal for passive investors who want market exposure without active management. Follow successful traders and replicate their strategies automatically.
- Professional traders will appreciate FP Markets's institutional-grade features: tight spreads, advanced platforms, API access, and high leverage options (where permitted).
❌ May Not Suit
- Those seeking the absolute lowest trading costs.
Looking for alternatives?
📝 The Bottom Line on FP Markets
FP Markets earns our strong recommendation as a top-tier broker with a 4.5/5 rating.
📈 FP Markets Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how FP Markets performed in our rigorous testing:
FP Markets is among the best brokers we've reviewed, excelling in multiple categories.
💰 FP Markets Fees & Spreads
Understanding trading costs is crucial for profitability. FP Markets uses a Raw/ECN spread model with commissions of $3.0 per lot round turn. The average EUR/USD spread is 0.1 pips — one of the lowest in the industry.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.1 | 0.1 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | $3.0/lot |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with FP Markets:
- Spread Cost: 0.1 pips × $10/pip = $1.0
- Commission: $3.0 round turn
- Total Cost: $4.0 per lot
🛡️ FP Markets Regulation & Safety
FP Markets is regulated by ASIC, a Tier 1 - Highest Protection regulatory authority. This means the broker must adhere to the strictest financial regulations, including capital requirements, regular audits, and mandatory investor protection schemes.
📜 Regulatory Licenses
- ASIC 286354
- CySEC 371/18
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 88/100
High Trust: FP Markets has demonstrated excellent regulatory compliance and safety standards.
🖥️ FP Markets Trading Platforms
FP Markets offers 4 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
cTrader
Premium platform preferred by scalpers for its speed and advanced charting capabilities.
- ✓ Level II Pricing
- ✓ cAlgo for Automation
- ✓ Advanced Charting
- ✓ Copy Trading
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✓ | ✓ |
| Copy Trading | ✓ | ✓ | ✓ |
| Algo Trading | ✓ | ✓ | ✓ |
| VPS Available | ✓ Free VPS | ||
| API Access | Not available | ||
🌐 FP Markets Tradable Instruments
FP Markets offers access to 10000+ tradable instruments across multiple asset classes. This includes 70 forex pairs , 12 cryptocurrencies , and 9000 global stocks.
👤 FP Markets Account Types
FP Markets offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Replicate successful traders
💳 FP Markets Deposits & Withdrawals
FP Markets requires a minimum deposit of $100 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ FP Markets Pros & Cons
✅ Pros
- Ultra-low spreads from 0.1 pips on EUR/USD
- Top-tier ASIC regulation ensures high safety standards
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Low minimum deposit of just $100 makes it accessible
- Negative balance protection for retail traders
- Copy trading available for passive investing
- Swap-free Islamic accounts available
❌ Cons
- Limited educational resources for advanced traders
📚 FP Markets Education & Research
FP Markets's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 FP Markets Customer Support
FP Markets offers customer support to assist traders with their queries.
⭐ FP Markets User Reviews
📝 User reviews will be displayed here. Share your experience with FP Markets!
Write a Review🏆 FP Markets — Our Verdict
FP Markets is among the best forex brokers we've tested. With ASIC regulation, 0.1 pips EUR/USD spreads, and a $100 minimum deposit, this broker is well-suited for both beginners and experienced traders .
Best for: Scalpers and high-frequency traders , Safety-focused traders , Beginners with limited capital , Passive investors
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ FP Markets — Frequently Asked Questions
Is FP Markets a safe and regulated broker?
Yes, FP Markets is regulated by ASIC, which is a Tier 1 - Highest Protection regulatory authority. The broker also holds licenses from 1 additional regulators. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at FP Markets?
The minimum deposit at FP Markets is $100. This is considered low and accessible for beginners.
What trading platforms does FP Markets offer?
FP Markets offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- cTrader — Premium platform for professional traders
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are FP Markets's spreads on EUR/USD?
FP Markets offers EUR/USD spreads with an average of 0.1 pips. The broker uses Raw/ECN spreads. On ECN accounts, there's a commission of $3.0 per lot round turn.
How long do withdrawals take at FP Markets?
Withdrawal processing times at FP Markets depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does FP Markets offer a demo account?
Yes, FP Markets offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is FP Markets's maximum leverage?
FP Markets offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use FP Markets in ?
FP Markets accepts traders from . The broker operates under ASIC regulation. Always verify current availability and applicable regulations on the broker's website.
Does FP Markets offer Islamic (swap-free) accounts?
Yes, FP Markets offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact FP Markets's support to request an Islamic account.
What instruments can I trade with FP Markets?
FP Markets offers access to 10000+ tradable instruments:
- 70 Forex currency pairs
- 12 Cryptocurrencies
- 9000 Stock CFDs
- 19 Index CFDs
- 9 Commodities
