FP Markets Review 2026

Operating since 2005, FP Markets provides ECN and STP trading under the supervision of regulators including Australia's ASIC, Cyprus's CySEC, South Africa's FSCA, and Seychelles' FSA. Retail and professional client capital is held in segregated accounts, supported by negative balance protection.

Account options are split between two models: a commission-free Standard account with floating spreads starting at 1 pip, and a Raw account featuring zero-pip minimum spreads alongside a fixed $3.00 per side per lot commission. Supported trading platforms include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and IRESS, with support for scalping, hedging, and automated trading. Limitations include regional restrictions that bar traders in jurisdictions like the United States, along with relatively slow processing times for credit and debit card withdrawals.

Pros and Cons

Who Regulates FP Markets?

FP Markets operates under licenses in multiple financial jurisdictions. The brokerage is authorized and supervised by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Authority (FSA) of Seychelles under license number 2025-00853. Holding tier-1 authorization requires the firm to submit to independent financial audits and satisfy statutory capital adequacy benchmarks.

How Your Money Is Protected

Client funds are safeguarded in segregated bank trust accounts held separately from FP Markets' working capital at top-tier, 'AA-' rated financial institutions. This structure prevents customer balances from being used to cover operational liabilities if the broker faces insolvency. In addition, retail traders under qualifying jurisdictions receive negative balance protection to prevent balances from dropping below zero during market shocks, alongside access to statutory investor compensation funds where applicable.

Company Background and Track Record

FP Markets is headquartered in Saint Lucia, with historic primary operations based in Australia, and has maintained a continuous trading record since 2005. The business remains privately held rather than publicly traded. Over its history, the broker has avoided major regulatory enforcement actions and operates a no-dealing-desk model, connecting client orders directly to third-party liquidity providers through Equinix NY4 data facilities.

Trading Costs

FP Markets offers ECN and STP pricing across its Standard and Raw accounts. On the Standard account, broker fees are incorporated into a floating markup spread starting from 1 pips, with typical EUR/USD spreads averaging 1.2 pips. The Raw account provides direct market quotes from 0 pips alongside a separate commission of $3.00 per side per standard lot ($6.00 round turn). Average spreads on commodities include 0.25 points on gold, while major stock indices such as the S&P 500 average 0.25 points.

Non-Trading Fees

Deposit Fees

The broker charges $0 in deposit fees across all supported payment methods, including credit cards, wire transfers, electronic wallets, and cryptocurrency gateways.

Withdrawal Fees

FP Markets assesses a $0 internal fee on standard withdrawals, though third-party intermediary banking charges may still apply outside the broker's control.

Inactivity Fees

Clients are not subjected to dormant account penalties, as FP Markets maintains an inactivity fee of $0 regardless of how long an account remains unused.

Overnight Financing

Positions carried past the daily rollover threshold (00:00 server time) accrue overnight swap charges calculated from interbank interest differentials. On Wednesday evenings, a standard triple-swap rate is billed to reflect weekend carrying costs, though swap-free Islamic accounts are exempt from standard rollover interest in exchange for fixed administration fees.

Currency Conversion Charges

The broker does not charge direct internal currency conversion surcharges, permitting account funding in 12 base currencies including USD, EUR, GBP, AUD, CAD, and JPY to avoid cross-currency conversion drag.

Standard Account

Requiring an initial minimum deposit of $100, the Standard account uses an STP execution model with commission-free trading on forex and metals. Trading costs are reflected entirely in floating spreads starting from 1 pips. The account runs on MetaTrader 4, MetaTrader 5, and cTrader, which suits discretionary traders who prefer all-inclusive spreads without separate commission line items.

Raw Account

With the same $100 minimum deposit requirement, the Raw account provides direct ECN pricing from liquidity providers starting at 0 pips. A flat commission of $3.00 per side per lot ($6.00 round turn) applies to forex and precious metals positions. Compatible with MT4, MT5, cTrader, and TradingView, this account is designed for algorithmic trading, scalping strategies, and high-frequency volume.

Iress Account

The Iress account is aimed at equity CFD traders and carries a higher entry threshold of $1,000. It provides Direct Market Access (DMA) to global stock exchanges through the professional Iress platform suite, routing orders directly into underlying exchange order books subject to asset-level commissions starting at 0.11% per trade.

Account Comparison

MetaTrader 4 and MetaTrader 5

FP Markets provides the full MetaQuotes platform suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both systems support multi-asset technical charting, customizable indicators, one-click execution, and automated strategies through Expert Advisors (EAs). MT5 provides additional chart timeframes, depth-of-market data, and expanded order types.

cTrader

Traders focused on direct spot execution can trade via cTrader. The platform includes advanced chart-based ordering tools, detachable modular panels, Level II depth of market, and fast order routing tailored for ECN trading conditions.

TradingView

Direct TradingView integration is available exclusively on Raw accounts. This setup enables traders to manage and execute orders directly from TradingView charts while using Pine Script, custom community indicators, and real-time cloud data connected to FP Markets' execution engine.

Iress Platform Suite

The Iress platform lineup includes Iress Trader, Iress ViewPoint, and Iress Investor. Structured specifically for dedicated equity CFD trading, the suite provides Direct Market Access (DMA), exchange order-book visibility, and specialized analytical modules for single-stock trading.

Mobile Trading

Mobile trading is supported through the proprietary FP Markets App, along with mobile editions of MT4, MT5, and cTrader for iOS and Android. The broker's proprietary app allows users to track live quotes, manage account deposits and withdrawals, monitor margin levels, and execute market orders on smartphones and tablets.

Execution and Trading Tools

Orders are routed through an ECN/STP framework hosted in New York's Equinix NY4 data center, helping minimize transmission latency to liquidity providers. Hedging is allowed across all account tiers, and the broker enforces no restrictions on scalping or macroeconomic news trading, subject to standard policies prohibiting latency arbitrage.

Algorithmic and Copy Trading

Algorithmic execution is supported via MT4/MT5 Expert Advisors and the cTrader Open API, which allows programmers to link external trading bots written in various languages. Traders generating monthly volumes of at least 10 standard lots on Standard accounts or 20 lots on Raw accounts receive access to sponsored VPS hosting through Liquidity Connect. Copy trading solutions include FP Markets' native Social Trading portal, embedded MT4/MT5 signal services, and integration with Myfxbook AutoTrade.

FP Markets provides access to over seven distinct asset categories traded primarily as Contracts for Difference (CFDs), alongside leveraged spot contracts. Market participants can access global currency pairs, single-stock equities, market indices, energy and metal commodities, and digital assets with uniform execution rules.

Beyond the core CFD markets detailed above, the broker also provides trading opportunities in Exchange Traded Funds (ETFs) and sovereign Bonds, allowing traders to hedge macro exposure or construct diversified cross-asset portfolios within a single brokerage profile.

Maximum Leverage

Maximum leverage reaches up to 1:500 on major currency pairs for accounts opened under international entities or approved for professional status. In contrast, regulatory limits set by ASIC and ESMA cap retail leverage in Australia, the United Kingdom, and the European Union at 1:30 for major forex pairs, with stricter ratios applied to commodities, stock indices, and individual share CFDs.

Margin Calls and Stop-Out Levels

The system issues a margin call notification when account equity drops to 100% of the required margin. If losses continue and equity declines to the 50% stop-out mark, automated liquidations begin, closing positions sequentially starting with the largest loss until margin requirements are satisfied.

Risk Management Tools

FP Markets provides negative balance protection for qualifying retail accounts, ensuring clients cannot lose more than their deposited balance. The trading software supports standard risk controls including Stop Loss, Take Profit, and Trailing Stop orders. During volatile news events or weekend gaps, orders remain subject to market slippage and may fill away from the requested stop price.

How to Fund Your Account

Clients can fund accounts using Visa, Mastercard, bank wire transfers, electronic wallets (PayPal, Skrill, Neteller, and POLi), digital asset processors including B2BinPay, Finrax, and LetKnow, as well as Apple Pay and Google Pay. Standard trading accounts require an initial deposit of $100. FP Markets charges zero deposit fees, with card, e-wallet, and cryptocurrency transactions processing within 1 hour, whereas traditional bank wires require 7 to 10 business days to clear.

How Withdrawals Work

Withdrawals are initiated through the client portal and returned to the initial funding method to comply with Anti-Money Laundering (AML) regulations. FP Markets assesses no internal fees on withdrawals. Domestic and international wire transfers typically take 3 to 5 business days, while withdrawals sent to credit or debit cards require an extended period of 5 to 10 business days to reflect on the card account.

Ways to Contact FP Markets

• Live Chat: 24/7 client web chat
• Email: [email protected]
• Telephone Support: 1 758 457 9804
• Callback Service: Available on request via the official help desk
• Help Center: Online searchable knowledge base and ticket assistance
• Support Languages: Arabic, Dutch, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Mandarin Chinese, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese

What Customers Say About FP Markets Support

User feedback regarding customer service frequently points to quick response times and effective help with platform logins, account configurations, and document verification. Reviewers regularly mention support agents by name, commending direct resolutions over live chat.

Negative feedback usually relates to extended account verification windows or repetitive communication during complex compliance checks. Overall feedback, however, remains largely positive across primary contact methods.

"It was great fast and accurate response… It was great fast and accurate response and he/she helped me"

"The support team was responsive The support team was responsive, polite and solved my concern quickly. Five stars for service."

"Awesome Customer service, connected me to an agent within micro seconds and helped me resolve my concern within 5 minautes and the customer service representative was very respectful, loved it."

Market Research

FP Markets provides practical technical and fundamental market commentary. The platforms include live financial news feeds and real-time economic calendars across MT4, MT5, and cTrader. In addition, the broker issues daily market analysis, technical updates, and periodic audio podcasts covering key developments in foreign exchange and commodity markets.

Trading Education

Educational materials are structured through an online knowledge hub designed for varying skill levels. Traders have access to modular trading courses, video tutorials on platform tools, and guides focused on risk management fundamentals. FP Markets also runs regular live webinars, hosts market events, and maintains a financial glossary explaining standard CFD terms and concepts.

Beginners

A $100 initial deposit, free demo accounts, around-the-clock multilingual customer support, and an extensive educational library make FP Markets accessible for newer traders. However, without fixed-spread retail account options, beginners must manage the impact of variable spread widening during periods of market volatility.

Active Traders

High-volume strategies benefit from Raw account pricing, which pairs spreads from 0 pips with a $3.00 per side commission. Low typical spreads on benchmark assets like gold and the S&P 500 help keep cumulative transaction overhead low for active market participants.

Scalpers

Execution conditions align well with scalping strategies. FP Markets enforces no minimum holding periods, permits unrestricted scalping, routes orders through Equinix NY4 data facilities, and offers raw spreads starting at 0 pips on its ECN account model.

Algorithmic Traders

Automated system developers can deploy Expert Advisors across MetaTrader or build custom programs using the cTrader Open API. Clients meeting monthly trading thresholds of 10 lots on Standard accounts or 20 lots on Raw accounts also receive sponsored VPS hosting through Liquidity Connect.

Experienced Traders

Advanced traders have access to multiple platform options including TradingView, MT4, MT5, cTrader, and DMA trading via Iress. Accounts with professional designations can access leverage up to 1:500, with full leeway to run direct hedging setups and trade through macroeconomic news events.

We assess brokers using our methodology, which combines our own data, broker documentation, regulatory records, pricing information, platform analysis, account information, and third-party customer feedback where specifically required. We evaluate areas including safety, trading costs, platforms, market range, accounts, leverage, deposits and withdrawals, customer service, research, education, and suitability for different trading styles. Where possible, important factual claims are checked against primary sources and dated because broker conditions can change.