FP Markets Review 2026
FP Markets is an Australian broker regulated by ASIC and CySEC, but the UK FCA warned in 2024 that its offshore entity was not authorised there.
Min Deposit
$100
Spreads From
0.0 pips
Max Leverage
1:30
Platforms
4
Pros
- Holds a genuine ASIC licence in Australia, in place since 2005
- Raw account spreads start from 0.0 pips with a small fixed commission
- Wide platform choice, including MetaTrader 4, MetaTrader 5, cTrader, and IRESS
- Minimum deposit is only $100 on most standard trading accounts
- Trustpilot score of 4.8 out of 5 from around 10,000 reviews
Cons
- UK FCA placed FP Markets on its unauthorised firms warning list in October 2024
- Saint Lucia registered entity carries no real financial licence at all
- Some Trustpilot reviewers report long delays on large withdrawals
- Standard account spreads start near 1.0 pip, which is average at best
- International bank withdrawals can carry a high fee
- Not available to residents of the United States, Japan, or Canada
- CySEC fined the Cyprus entity 100,000 euros in 2026 for breaking CFD trading rules
FP Markets is a forex and CFD broker from Sydney, Australia. It started in 2005 as First Prudential Markets. The Australian arm holds a real ASIC licence, and a sister firm in Cyprus holds a CySEC licence. The group also holds smaller licences in Seychelles, Mauritius, and Kenya, and a Saint Lucia registration with no financial licence.
Traders can choose MetaTrader 4, MetaTrader 5, cTrader, or IRESS for direct market access to shares. The Raw account offers spreads from 0.0 pips plus a small commission. The Standard account has no commission, but spreads start near 1.0 pip. Minimum deposit is just $100 for most accounts, and leverage can reach 1:500 offshore.
FP Markets scores 4.8 out of 5 on Trustpilot from around 10,000 reviews. Some reviewers report long delays on large withdrawals. FCA warned in 2024 that an FP Markets entity in Saint Vincent and the Grenadines was not authorised in the UK. CySEC fined the Cyprus arm 100,000 euros in 2026 for CFD rule breaches from 2022 to 2025.
Min. Deposit
USD 100
Max Leverage
1:30 for EU retail clients, up to 1:500 offshore
Spreads From
0.0 pips on the Raw account, plus commission
Platforms
FP Markets (First Prudential Markets) is a well-established Australian broker founded in 2005 and regulated by ASIC in Australia and CySEC in Cyprus. With nearly two decades of operation, FP Markets has built a strong reputation for competitive ECN pricing and a broad instrument range.
The broker provides access to over 10,000 instruments including 60+ forex pairs, stocks, indices, commodities, metals, energies, and cryptocurrencies. FP Markets supports MetaTrader 4, MetaTrader 5, Iress (for share trading), and the IRESS ViewPoint platform for institutional clients, offering one of the most comprehensive platform selections available.
FP Markets' Raw account delivers interbank spreads from 0.0 pips with commissions from $3 per lot per side, while the Standard account offers commission-free trading from 1.0 pips. The broker also provides free VPS hosting for automated traders and an extensive educational centre with regular webinars and market analysis.
Standard
Raw
60+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- ASIC (Australia)
- CySEC (Cyprus)
- FSCA (South Africa)
- FSA (St Vincent)
