FP Markets Review 2026
Created on
- Strong multi-regulation including ASIC and CySEC
- Very tight spreads with fast ECN execution
- Wide range of platforms including MT4, MT5, cTrader, TradingView, and IRESS
- No services available for U.S. traders due to regulatory restrictions
- Educational resources are good but not as advanced as some competitor academies
Regulators
ASIC, CMA, CySEC, FSCA
Average Trading Cost EUR/USD
1.2 pips
Minimum Deposit
$100
Editor’s Verdict
FP Markets will remain a powerful and highly reputable broker in 2026. It provides traders with small spreads, high-quality regulatory coverage, multifunctional trading platforms, and a variety of available instruments. It has accounts for both novice and seasoned traders. It is especially inclined to attract cost-efficient forex trading that is executed with professional assistance.
FP Markets Review 2026 identifies that the broker is the best in terms of the trade and market access, users who require a wide range of educational materials and deal in specialized applications such as IRESS must understand that there are slightly higher charges and fewer educational resources.
Ratings
overall Rating
fee Rating
deposit Withdrawal Rating
asset Rating
account Opening Rating
security Rating
Overview
Headquarters | Australia |
Regulators | ASIC, CMA, CySEC, FSCA |
Tier 1 Regulator(s)? | |
Year Established | 2005 |
Execution Type(s) | ECN/STP |
Minimum Deposit | $100 |
Negative Balance Protection | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based |
Average Trading Cost EUR/USD | 1.2 pips |
Average Trading Cost GBP/USD | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.02 |
Average Trading Cost Gold | $0.16 |
Average Trading Cost Bitcoin | $21.08 |
Retail Loss Rate | 72.44% |
Minimum Raw Spreads | 0.0 pips |
Minimum Standard Spreads | 1.0 pips |
Minimum Commission for Forex | $6.00 per Round Lot |
Funding Methods | 30 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
A social trading broker featuring a proprietary CrowdTrading platform for copy trading.
FP Markets, also referred to as First Prudential Markets Pty Ltd, is a highly established and internationally recognized internet-based broker specializing in forex and Contracts for Difference trading. The broker, based in Sydney, Australia, was founded in 2005, and it has had a reputation for reliability, competitive rates, and professional trading service providers.
The FP Markets have, over the years, faced the international market with extension to clients in various regions where customers receive customized solutions to both the retail and professional traders.
This FP Markets Review 2026 provides an in-depth analysis of the broker’s regulation, trading platforms, account types, fees, safety measures, and overall suitability for both beginner and professional traders.
Global Reach & Client Base
Throughout the 20 years of its existence, FP Markets has grown significantly to benefit its clients in 70+ countries under a multi-regulated structure with localized principles and making it an international broker to both retail and professional traders.
Regulation & Safety
One of the strengths of the FP Markets demeanor is its strong regulatory compliance:
- Under the regulation of the Australian Securities and Investments Commission (ASIC), a highly reputable Tier-1 regulator.
- Licensed in Europe by the Cyprus Securities and Exchange Commission (CySEC).
- Other licenses held in the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Authority (FSA) of Seychelles, the Capital Markets Authority (CMA) of Kenya, the FSC of Mauritius, and the Securities Commission of the Bahamas (SCB).
This framework is multi-regulated and assists in maintaining adherence to high financial levels, client funds separation, and compliance with the requirements of the AML/KYC.
A Large Number of Markets to Be Traded
The company FP Markets offers a vast and varied scope of financial markets where traders can trade a large number of over 10,000 various instruments that are available in seven major asset classes. Such a wide variety of offerings makes the broker appropriate to traders who have varied strategies, risk levels, and investment horizons.
FP Markets has 70+ currency pairs in the forex market, such as major pairs, such as EUR/USD and GBP/USD, minor and exotic pairs, to enable traders to have the benefit of enjoying high liquidity and niche markets as well.
The broker has a large selection of trading instruments, such as forex pairs, indices, commodities, metals, shares, ETFs, and cryptocurrency CFDs, providing traders with the opportunity to diversify their portfolios using one account.
Having flexible trading terms, complex platforms like MT4, MT5, cTrader, and IRESS, and strong regulatory supervision in many jurisdictions, FP Markets can serve any type of trader, both experienced and new entrants.
In addition to forex, traders are exposed to a wide range of indices, commodities, metals, bonds, shares, and ETFs, allowing them to be exposed to stock markets in the world, raw materials, and fixed-income products all through the same trading account.
FP Markets also promotes cryptocurrency CFDs of significant digital coins, which enable traders to speculate on the price movements of the coins without holding the coins themselves. On the whole, the large market coverage ensures that traders will diversify their portfolios efficiently, will be able to control risks better, and will be able to trade across asset classes without having to open accounts with several brokers.
Trading Platforms and Technology
FP Markets accepts various platforms to accommodate trading styles and different levels of experience:
- MetaTrader 4 (MT4) - It is the most popular with forex traders due to its reliability and professional advisor (EA) capabilities.
- MetaTrader 5(MT5) - Provides more markets and analysis.
- cTrader - suitable for high-speed ECN trading and charting.
- TradingView, WebTrader, IRESS (advanced share trading), and mobile applications.
Such platforms provide quick trading, professional charting, auto trades, and cross-platform functionality.
FP Markets Account Types, Minimum Deposit, Spreads & Fees (2026)
FP Markets is a company that provides various types of accounts that best fit various trading styles, experience, and financial objectives, with entry requirements being fairly relaxed.
Account Type | Minimum Deposit | Spreads | Commission | Suitable For | Key Features |
Standard | AUD/USD 100 | From 1.0 pips | None | Beginners, casual traders | Simple pricing, easy entry, swap-free option available |
Raw ECN | AUD/USD 100 | From 0.0 pips | USD 3–6 per lot | Scalpers, high-frequency traders, professionals | Tight spreads, fast ECN execution, and swap-free options available |
IRESS (DMA) | AUD 1,000 | Variable (exchange fees) | Variable | Equity/stock CFD traders, institutional-style traders | Direct Market Access, professional-grade trading, and advanced order types |
Islamic (Swap-Free) | Same as Standard or Raw ECN | Same as the chosen base account | Same as the chosen base account | Traders observing Sharia law | No interest on overnight positions; fixed admin fee instead |
Execution and Trading Conditions
FP Markets is an ECN/STP (Straight Through Processing) based company that does not involve any dealer-desk intervention. It implies that client orders are sent directly to liquidity providers, which facilitates tight pricing, high-execution speeds (usually less than 40 ms), and slippage is reduced - important attributes to scalpers and algorithmic traders.
Education, Support & Tools
The broker also provides:
- FP Markets offers a vast amount of learning materials, such as webinars, tutorials, trading guidelines, and frequent market insights to assist new and advanced traders to learn and enhancing their knowledge and strategies.
- The broker provides 24/5 multi-lingual customer care services, where customers will be helped in opening accounts, using platforms, making deposits, withdrawals, and any other queries regarding trading.
- Traders can also enjoy more sophisticated trading features like Autochartist to conduct technical analysis, sentiment signals to review market positioning, economic calendar to monitor important events, and VPS to execute automated trading systems and expert advisors without difficulties.
Industry Recognition
The FP Markets company has won several industry awards in terms of pricing, execution, and service in general. Nevertheless, like most giant brokers, user complaints on the open forums about sluggish withdrawals or difficulty in accessing accounts are common - a point that makes it necessary to scrutinize user feedback alongside official disclosures in the process of assessing a broker.
Is FP Markets Legit & Safe? FP Markets Broker Review
Among the questions that any future trader would be keen to get an answer to is: Will I leave my money and personal information in the hands of FP Markets? The answer to this question is quite simple that is, yes, FP Markets is considered a valid and secure broker of forex and CFD trading, yet the degree of protection is dependent on your location.
Regulatory Oversight - Multi-Jurisdiction Licenses
FP Markets is regulated by multiple licenses in various countries worldwide, providing it with multi-layered regulation - one of the most relevant elements of legitimacy.
ASIC (Australia) — Tier-1 Regulation
FP Markets is licensed under the Australian Securities and Investments Commission (ASIC) on the basis of AFS licence number 286354. ASIC is regarded as one of the best regulators, which has strict capital requirements, audits, and strictness in dealing with client funds. This is what makes the Australian arm of FP Markets one of the most trusted parts of its business.
CySEC (Cyprus) — EU Regulation
CySEC the Cyprus Securities and Exchange Commission also license the broker (Licence No. 371/18). This will enable FP Markets to conduct business under MiFID II regulation in the European Union. An investor compensation scheme (Investor Compensation Fund) is provided to an investor to compensate a client of the EU members up to 20,000 euros in case of bankruptcy of the broker.
Other Regional Regulators
In addition to covering a wider range of countries, FP Markets has licences in other countries as well:
- FSCA (South Africa) FSCA Financial Sector Conduct Authority.
- Kenyon CMA Capital Markets Authority.
- FSC (Mauritius)- Financial Services Commission.
- Authority in charge of the FSA (Seychelles)
These regulators differ in severity: FSCA and CMA provide useful local supervision, whereas offshore regulators, including FSA and FSC, have weaker supervision.
Segregated Client Funds
FP Markets maintains the funds of all clients in separate accounts that are not linked to the working capital of the company.
It implies that in case of the insolvency of the broker, the money of the clients would not be squandered to pay the debts of the company.
Negative Balance Protection
In certain regulations, FP Markets provides negative balance assurance, under which the clients will not lose more than the account value because of market fluctuations.
EU clients are usually entitled to this protection according to the rules of CySEC, and some other areas, but it might differ depending on the entity and location.
Compensation Schemes
Ex-EU customers of CySEC could obtain a maximum of 20,000 euros through the Investor Compensation Fund in case FP Markets is unable to fulfill its financial claims.
- ASIC has no explicit compensation scheme in place to protect forex traders in Australia, although indirect protection is effective in practice because of the stringent oversight and trust account regulations in place by ASIC.
- Outside Europe and Australia, clients usually will not have access to formal compensation schemes.
Data & Operational Security
The FP Markets also adheres to best practices in the area of securing client data and trading infrastructure:
- SSL encryption on the website and customer portal.
- Trading platform secure servers (e.g., Equinix data centers)
- Account access via two-factor (2FA) authentication.
Such actions will help to secure the money and your personal data.
What to Be Aware Of
Although FP Markets is generally considered to be a legitimate and well-regulated entity, there are certain caveats, such as:
- Protection is entity-dependent in nature; not all subsidiaries offer the same investor compensation or negative balance guarantees.
- Offshore branches (e.g., in Seychelles or Mauritius) have laxer regulations than ASIC or CySEC.
- SEMA This is the key thing that all traders must always remember, and it is the regulated entity that they are committing to as it dictates the protections that may be provided to them.
Who Should Use FP Markets?
Active traders and scalpers: FP Markets is a competitive product when it comes to a high-frequency and short-term trading strategy due to tight spreads, fast execution, and ECN pricing.
Established traders: Access to advanced trading platforms, professional tools, and a vast market base will enable diversified and advanced trading practices.
Equity CFD traders: The IRESS platform provides the Direct Market Access (DMA) and a substantial library of share and equity trades, which makes it the right platform to use among stock-specific traders.
New traders on a shoestring: The minimum deposit requirement is low, and the Standard accounts are easy to use, so new traders can start small without having to invest a fortune at the beginning.
Not ideal for:
United States traders: U.S. clients are not accepted by FP Markets because of the regulations, and therefore, this company cannot serve American residents.
Traders who want to get a highly developed education: FP Markets has useful learning material, but it may not be the best choice for students who want to receive highly developed and academy-like learning.