Alexandra Winters
Reviewed by:
Sikirty Chatterjee
USP: ASIC & CySEC Regulated | Spreads from 0.0 Pips | Supports MT4, MT5, cTrader & TradingView
FP Markets is a global, ASIC-regulated broker founded in 2005 and headquartered in Sydney, Australia. With over 20 years of industry experience and 60+ international trading awards, it has established itself as a major global CFD and forex provider. The broker offers extremely competitive trading conditions (spreads from 0.0 pips) and 10,000+ instruments across seven asset classes. Its advanced multi-platform support (MT4, MT5, cTrader, etc.) and 24/7 multilingual support make it attractive to serious traders. However, note that FP Markets does not accept U.S. clients, and its standard accounts have wider spreads (no commission) compared to the Raw accounts which charge a commission for tight pricing.
FP Markets began in 2005 as a Sydney-based forex broker and has grown into a truly global CFD provider. Its founding mission is “Transforming Trading” by delivering innovative technology and cost-effective trading. Over the years it has won dozens of awards for customer service and trading value. Today FP Markets operates under multiple regulated entities: its Australian arm (First Prudential Markets Pty Ltd) is licensed by ASIC, it has a CySEC license in Europe, an FSCA license in South Africa, and others (FSC Mauritius, FSA Seychelles). The company emphasizes transparency (segregated client funds, audited accounts) and constant technology upgrades (NY4 data center connectivity for fast execution). It serves a broad international client base and continues expanding its instruments (now 10,000+ CFDs) and services (such as social trading and extensive education) to enhance its market position.
FP Markets operates under a robust regulatory framework. Its Australian parent is regulated by ASIC (a Tier-1 authority), and it also holds licenses in Europe (CySEC, Tier-2) and other regions. This multi-jurisdictional oversight (including South Africa’s FSCA and Mauritius FSC) means client funds and company practices are continually monitored. In practice, Tier-1 regulation implies stricter capital requirements and investor protections (e.g. segregated accounts), so traders can trust in fair dealing. FP Markets emphasizes this by segregating all retail client funds from corporate funds, employing leading-tier liquidity, and conducting regular external audits. Such measures, combined with negative balance protection (confirmed in its FAQ) and encrypted data handling, make FP Markets a relatively safe broker by industry standards. It is far more regulated than offshore only brokers (Tier-3), giving traders more peace of mind about counterparty risk and fund security.
✅ Instruments: Offers forex (70+ pairs), CFDs on commodities, indices, metals, bonds, stocks and cryptocurrencies – over 10,000 total instruments. This includes all major and minor FX pairs, oil & metals, global indices, and even crypto CFDs. The vast selection lets traders diversify across markets and strategies without switching brokers. Advanced instruments like swaps and futures are also available via its Iress platform. With continuous market access around the clock, traders can seize opportunities whenever they arise.
✅ Spreads: Raw accounts start from as low as 0.0 pips on majors, making FP Markets very competitive for low-cost trading. Standard accounts have typical spreads from ~1.0 pip (EUR/USD at ~1.1). Importantly, FP Markets operates an ECN/STP model: raw spreads plus a commission, or wider spreads with no commission. All spreads are transparent (no hidden markup) and can be viewed on its spreads page. During high liquidity, quoted spreads remain tight; only in volatile conditions will they widen temporarily. Overall the broker’s pricing is fully transparent and among the industry’s tightest in its category.
✅Commission: Raw accounts incur a commission (US$3 per standard lot per side) which is slightly lower than the $3.50 example often quoted. Standard accounts have no commission, with trading costs built into the spread. The commission is fixed and competitive – for example, trading 10 lots round-turn on Raw costs ~$60 total. Given the very low raw spreads, even with commission the total cost often undercuts many fixed-spread brokers. Note: commissions are automatically calculated by the platform and are USD-denominated (other base currencies are converted at spot rates).
✅ Leverage: Maximum leverage is up to 1:500 for non-EU clients. For accounts regulated under ASIC or other non-EU regulators, FP Markets offers up to 500:1 leverage on major FX pairs. This high leverage can amplify gains but also increases risk. EU (CySEC) accounts have lower limits (capped at 1:30 on majors per ESMA rules). Traders must select the appropriate jurisdiction and be aware of leverage caps. In any case, FP Markets provides a margin calculator and flexible adjustments so experienced traders can tailor risk. Overall, its high leverage is a key draw for traders with smaller capital seeking bigger exposure.
✔ MetaTrader 4 (MT4): The world’s most popular forex platform, MT4 provides robust charting, indicators and automated trading. FP Markets’ MT4 allows custom indicators, Expert Advisors (EAs) and one-click trading, ideal for both manual and algorithmic strategies. It supports multiple order types, alerts and languages. FP Markets enhances MT4 by hosting it on low-latency servers (NY4) and allowing a wide range of asset classes. Traders benefit from fast execution and deep liquidity directly in the MT4 terminal, plus access to its ecosystem of plugins.
✔ MetaTrader 5 (MT5): An upgraded platform that includes all of MT4’s features plus additional markets (stocks, futures) and an economic calendar. MT5 on FP Markets offers advanced charting tools (like tick charts and depth of market) and more built-in technical indicators. It is designed for multi-asset trading, meaning CFDs on shares, commodities and indices can be accessed from a single account. MT5’s strategy tester is also superior for backtesting EAs. In short, MT5 provides extra flexibility and tools for traders looking beyond FX while retaining the stability of the MT4 environment.
✔ cTrader: A modern ECN/STP platform known for its intuitive interface and speed. FP Markets’ cTrader offers level II pricing (market depth), advanced order types (e.g. cAlgo for algorithmic trading), and professional charting all in one place. Execution is fast and free of re-quotes, ideal for scalpers and technical traders. cTrader also supports mobile and web versions, giving traders a seamless experience. The account structure is the same Raw pricing model, so users get tight spreads with transparent $3.00 commissions per lot. Overall, cTrader is a powerful alternative platform for traders seeking more transparency and customization than MT4/5 provide.
✔ Mobile App: FP Markets provides a native mobile trading app (iOS and Android) for trading on the go. It offers essential functionality: market watch, live quotes, charting with indicators, and order entry for all supported instruments. The app is user-friendly and encrypted for security. Traders can view account balances, set stop-loss/take-profit orders, and even place trades directly from charts. For example, the iOS/Android app mirrors the desktop MT4/MT5 experience, ensuring continuity. It’s a valuable tool for monitoring positions and reacting to market events from anywhere, without losing key trading features.
| Account Types | Min Deposit | Spread | Commission | Platforms |
|---|---|---|---|---|
| Standard Account | $100 | From 1.0 pips | None (built-in) | MT4, MT5, cTrader |
| Raw Account | $100 | From 0.0 pips | USD $3.00 per side | MT4, MT5, cTrader |
Special Features:
FP Markets supports a variety of funding options. These include Bank Wire Transfers, Credit/Debit Cards (Visa/MasterCard, UnionPay in some regions) and popular E-wallets (Skrill, Neteller). For deposits, all methods are available via the secure client portal. Deposits are instant or very fast (card and e-wallet are typically immediate; bank transfers may take 1–3 business days). The broker does not charge any deposit fees, though your bank or processor might. Currencies accepted include USD, AUD, EUR, GBP and others.
Withdrawals mirror deposit methods. Clients can withdraw funds by bank wire, back to their debit/credit card, or to approved e-wallets. Important: card withdrawals must be sent first to the original card (amounts up to the deposited sum) before using other methods for profits. Processing time varies: e-wallets and cards typically 1–3 business days, bank wires up to 5–10 business days. FP Markets charges no fees for bank withdrawals. (Card and e-wallet fees may apply per payment provider; FP Markets itself takes no cut.)
In summary, FP Markets streamlines the trading process with easy account setup and funding, and supports all major platforms (MT4/5, cTrader). Its online client portal simplifies deposit/withdrawals and account management. Even beginners can follow these steps, although some experience with trading platforms is helpful. The availability of demo accounts also allows new traders to practice this process before going live. Overall, the broker’s user experience is straightforward: open, fund, and trade with just a few clicks.
Support Channels: FP Markets offers multiple support channels: live chat on its website, email support (24/7), and telephone assistance (global phone numbers). Clients can submit tickets via the client portal or use the website’s “Live Chat” for instant help. In addition, there is an extensive FAQ section and educational resources for self-help.
Support Hours: The broker provides 24/5 support during weekdays (round-the-clock from Sunday evening to Friday night, following Sydney time). Its phone lines and chat are staffed continuously during these market hours, and email inquiries typically receive replies within one business day.
Additional Details:
Overall, FP Markets’ support is comprehensive, accessible, and professional – an advantage for traders who value quick help and clear guidance.
“Ideal for cost-conscious traders and scalpers who need ultra-low spreads, deep liquidity, and professional multi-platform support.”
Avoid FP Markets: If you need fixed spreads (FP does not offer fixed spread accounts) or deposit via unpopular local methods, FP Markets might be inconvenient. It’s also not suitable for U.S. residents or for traders on extremely tight budgets (since the minimum is $100). Very casual or tiny-volume traders might find its active trading focus (commissions, 24/5 operation) more than they need.
Bottom Line: FP Markets offers a compelling value proposition: an award-winning, multi-regulated broker with transparent pricing and a professional trading environment. Its strengths lie in tight raw spreads, a vast selection of markets, and robust platforms (MT4/5, cTrader). We recommend FP Markets for intermediate to advanced traders worldwide who prioritize low costs and advanced execution. Its few downsides (US restriction, no fixed spreads) are outweighed by the strong safety measures and trading edge it delivers. Overall, FP Markets is a reliable choice for serious forex/CFD trading in 2025.
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