FP Markets review 2026
FP Markets is an Australian broker offering raw-spread forex accounts and a large range of share CFDs. It is licensed in Australia, Cyprus and South Africa.
Dossier Score for Global
Overall rating in progress: 30% of criteria assessed
Our assessment
Strengths
- ASIC, CySEC and FSCA licences in the group
- Raw-spread accounts on MetaTrader and cTrader
- In business since 2005
Weaknesses
- International clients are served by an offshore entity
- Privately held
- Research offering is modest
Best for Cost-focused traders who want an Australian-regulated group.
How this Dossier Score adds up
The score is calculated by a published formula from the five components below. It changes with your country, because the first component follows the company that would hold your account.
Methodology v1.1. How the Dossier Score is calculated. Commissions are not an input.
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| First Prudential Markets Pty Ltd Serves you Australia | ASIC Tier 1 | 286354 | 1:30 | Not yet verified by us Open register |
| First Prudential Markets Ltd Serves you Cyprus, ICF up to €20,000 | CySEC Tier 2 | 371/18 | 1:30 | Not yet verified by us Open register |
| FP Markets (Pty) Ltd Serves you South Africa | FSCA Tier 2 | 50926 | Varies | Not yet verified by us Open register |
| FP Markets LLC Serves you St Vincent and the Grenadines | SVG FSA Registration only | To be confirmed | Varies | Not yet verified by us Open register |
Key facts
- Founded
- 2005
- Headquarters
- Australia
- Publicly listed
- No
- Group regulators
- ASIC, CySEC, FSCA, SVG FSA
- Minimum deposit
- $100
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView
- Execution
- ECN, DMA
- Copy trading
- Yes
- Islamic account
- Yes
- Demo account
- Yes
Accounts and fees
| Account | Pricing | EUR/USD spread from (advertised) | Commission per lot, round turn | Min. deposit |
|---|---|---|---|---|
| Standard | Spread only | 1.0 pips | — | $100 |
| Raw | Raw spread + commission | 0.0 pips | $6.00 | $100 |
Figures in this table are the broker's own advertised conditions, not our measurements. Advertised “from” spreads are best-case values.
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
FP Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView. Execution model as described by the broker: ECN, DMA.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country in the header to see which FP Markets entity would serve you.
Not accepted, according to the broker: United States.
Questions readers ask
Is FP Markets regulated?
FP Markets operates through 4 legal entities in our database, holding licences or registrations with: ASIC, CySEC, FSCA, SVG FSA. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at FP Markets?
FP Markets advertises a minimum first deposit of $100 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does FP Markets offer?
FP Markets offers: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Platform availability can vary between its entities.
Is FP Markets a safe broker?
No broker is risk-free. Our Global Dossier Score for FP Markets is 30 out of 100. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.
CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.
Alternatives that share a regulator
| Broker | Dossier Score | Entity serving you | Min. deposit | Platforms | Actions |
|---|---|---|---|---|---|
| CMC Markets Founded 1989 Listed | 91 | CMC Markets UK plc FCA #173730 Tier 1 | $0 | Own platformMT4TradingView | Review Visit siteAffiliate link |
| Interactive Brokers Founded 1978 Listed | 91 | Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 | $0 | Own platformTradingView | Review Visit siteAffiliate link |
| City Index Founded 1983 Listed | 89 | StoneX Financial Ltd FCA #446717 Tier 1 | — | Own platformMT4TradingView | Review Visit siteAffiliate link |
Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.