FP Markets Forex Broker Review
FXMARE editorial rating, not user reviews.
Reviewed by the FXMARE Research Desk under our review methodology · licences last verified 2026-06-25
A well-regulated, Sydney-founded multi-asset broker with some of the lowest raw ECN spreads in the industry and a 10,000+ instrument lineup across MT4, MT5, cTrader, and Iress.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Between 74% and 89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs and leveraged products work and whether you can afford to take the high risk of losing your money. FXMARE is not a broker and does not offer these products; figures are indicative of those disclosed by regulated providers. This page is information, not financial advice. See our full risk disclosure.
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FP Markets Overview
A well-regulated, Sydney-founded multi-asset broker with some of the lowest raw ECN spreads in the industry and a 10,000+ instrument lineup across MT4, MT5, cTrader, and Iress.
FP Markets is regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius). Independently verifiable licences include ASIC AFS Licence No. 286354 — First Prudential Markets Pty Ltd (Australia); CySEC Licence No. 371/18 — First Prudential Markets Ltd (Cyprus). It ranks among the most trusted, tier-1-regulated brokers in this comparison.
EUR/USD spreads start around 0.1 pips on the raw/ECN account (about 1.2 pips on the standard, commission-free account), with $6 (Raw ECN — $3 per side) commission. The minimum deposit is $100 USD (IRESS accounts: AUD 1,000) and maximum retail leverage is 1:30 (ASIC/CySEC retail), 1:500 (offshore entities). Swap-free (Islamic) trading is offered conditionally — Available on MT4/MT5 only (not cTrader); requires manual email request to convert account. No swap charge for first 5 nights; thereafter an administration fee is applied nightly (e.g. ~$6/lot/night on EUR/USD, ~$50/lot/night on gold). Not available to Australian or EU (CySEC) clients..
Platforms include MT4, MT5, cTrader, TradingView, Iress. FP Markets provides 10,000+ CFDs (70+ forex pairs, 10,000+ share CFDs via Iress, 70+ commodities, 15+ indices, 12 cryptocurrencies, ETFs, bonds) across Forex, Stocks, Indices, Commodities, Crypto, ETFs, Bonds, funded via Bank Wire Transfer, Visa / Mastercard, Skrill, Neteller, PayPal (select regions), BPay (Australia).
FP Markets is a genuinely competitive choice for cost-conscious traders, particularly on the Raw ECN account where the all-in EUR/USD cost sits around 0.7 pips — among the tightest available. Its dual Tier-1 licensing under ASIC and CySEC provides a solid regulatory foundation, and the platform breadth (MT4, MT5, cTrader, TradingView, and Iress) is exceptional for a single broker. The main caveats are that the Standard account is unremarkable on cost, and the Islamic swap-free offering is restricted by entity and carries nightly admin fees after a 5-night grace period, so it is only a partial Islamic solution.
Headquarters: Sydney, Australia · Funding: Bank Wire Transfer, Visa / Mastercard, Skrill, Neteller, PayPal (select regions), BPay (Australia), PayID (Australia), Cryptocurrency (USDT, BTC, ETH — offshore entities)
Pros
- Tier-1 regulation via ASIC and CySEC with strong client-fund protections
- Very competitive Raw ECN all-in cost (~0.7 pips EUR/USD equivalent)
- Exceptionally broad instrument range — 10,000+ tradable products
- Excellent platform choice: MT4, MT5, cTrader, TradingView, and Iress
- Award-winning 24/7 multilingual support in 40+ languages via live chat, phone, and WhatsApp
Cons
- Islamic swap-free not available for Australian or EU-entity clients; admin fees apply after 5 nights
- Standard account spreads (~1.2 pips EUR/USD) are only average for the industry
- Offshore (Seychelles, Mauritius) entity offers limited regulatory protection
- No in-house proprietary web trading platform; MetaTrader share-CFD range is limited (~130 symbols)
Ratings Breakdown
FP Markets Fees & Costs
Regulation & Safety
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
FP Markets is authorised by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Want a deeper, sourced safety check? See our broker safety checks — regulator registers, review-platform sentiment and unresolved questions, in one place.
Platforms
Available on desktop, web and mobile. Tradable across Forex, Stocks, Indices, Commodities, Crypto, ETFs, Bonds. Track every position you take with FP Markets in the FXMARE trading journal.
FXMARE Verdict
FP Markets is a genuinely competitive choice for cost-conscious traders, particularly on the Raw ECN account where the all-in EUR/USD cost sits around 0.7 pips — among the tightest available. Its dual Tier-1 licensing under ASIC and CySEC provides a solid regulatory foundation, and the platform breadth (MT4, MT5, cTrader, TradingView, and Iress) is exceptional for a single broker. The main caveats are that the Standard account is unremarkable on cost, and the Islamic swap-free offering is restricted by entity and carries nightly admin fees after a 5-night grace period, so it is only a partial Islamic solution.
Affiliate link · $100 USD (IRESS accounts: AUD 1,000) min deposit · Trading CFDs is high-risk
FP Markets — frequently asked questions
Is FP Markets regulated?
FP Markets states it is authorised by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius). We last checked those licence details against the regulators' own public registers on 2026-06-25. Licences are entity-specific: the group company that onboards you depends on your country, so confirm which entity your client agreement names before depositing.
What is the minimum deposit at FP Markets?
FP Markets lists $100 USD (IRESS accounts: AUD 1,000) min deposit. Minimums vary by account type, funding method and regional entity, so treat this as indicative and confirm the figure on the broker's own site for the account you intend to open.
What spreads does FP Markets offer on EUR/USD?
FP Markets advertises spreads from 0.1 pips (raw/ECN), with EUR/USD quoted around 1.2 pips (standard) · 0.1 pips + commission (raw). Commission: $6 (Raw ECN — $3 per side). Advertised "from" figures are floors seen in ideal conditions rather than averages — compare total cost per round turn (spread plus commission) at the volume you actually trade.
What is the maximum leverage at FP Markets?
FP Markets advertises up to 1:30 (ASIC/CySEC retail), 1:500 (offshore entities). Leverage caps are set by the regulator of the entity you trade with, so retail clients in the UK, EU and Australia receive materially lower caps than the headline figure. Higher leverage magnifies losses as much as gains.
Does FP Markets offer swap-free (Islamic) accounts?
Partly. FP Markets offers swap-free trading with conditions. Available on MT4/MT5 only (not cTrader); requires manual email request to convert account. No swap charge for first 5 nights; thereafter an administration fee is applied nightly (e.g. ~$6/lot/night on EUR/USD, ~$50/lot/night on gold). Not available to Australian or EU (CySEC) clients.
Which platforms does FP Markets support?
FP Markets supports MT4, MT5, cTrader, TradingView, Iress. Platform availability can differ by entity and account type — a platform offered in one region is not guaranteed in another, so verify it is available on the specific account you plan to open.
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Complaints & Resolutions
No complaints filed against FP Markets. If you’ve had an unresolved issue, you can file one above.
FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of FP Markets. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.