FP Markets review 2025:
All you need to know
In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with FP Markets. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence. This assessment offers a transparent evaluation of FP Markets' conditions, tools, support, regulatory standing, and overall suitability for traders.
FP Markets is ideal for active traders, offering tight spreads, fast execution, and multiple trading platforms with advanced features. With more than 10,000 assets and low fees, it meets the needs of different types of traders, including those using high-frequency strategies and experienced traders looking for professional tools.
Note: When reviewing FP Markets, it is important to emphasize that they operate several entities across different regions, each with varying levels of regulatory oversight, services, and customer experiences. Therefore, for fairness and accuracy, we have based our scoring on the best-performing region for each of the factors under review.
Account Conditions
7.8
Tools and Resources
9.4
Customer Service and Support
9.8
Trading Settings
9.2
Trust
8.4
User Experience
9.0
How do we score brokers
Founded in 2005, FP Markets is a well-established broker offering a wide range of trading services. It caters to a diverse audience, from beginners to more advanced traders. FP Markets provides access to over 10,000 financial instruments, covering forex pairs, stocks, indices, commodities, cryptocurrencies, and more. The broker supports trading on MetaTrader 4 and 5, cTrader, TradingView, as well as IRESS trading platform for a broader selection of assets, particularly equities.
One of FP Markets' distinguishing features is its competitive pricing and deep liquidity, providing traders with tight spreads and fast execution speeds. FP Markets emphasizes trader education by offering free webinars, trading guides, and daily market analysis to help users make informed decisions. This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge.
FP Markets is regulated by top-tier authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with industry standards. This regulation framework provides traders with a level of security and transparency, although specific restrictions may apply depending on the trader's location.
| 🗺️ Regulated geos/regions |
Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FCSA) - South Africa, Financial Services Authority (FSA) - Seychelles, St. Vincent and Grenadine, Capital Markets Authority of Kenya (CMA) and Financial Services Commission (FSC) - Mauritius. |
| ✅ Currencies accepted for deposits/withdrawals |
USD, EUR, GBP, CAD, JPY, CHF, CZK, PLN, AED, AUD, NZD, SGD, HKD, ZAR, INR, MXN, BRL, and more region specific currencies. USDT, ETH, BTC, DASH and more. |
| 💰 Minimum deposit |
$100 AUD (or equivalent) deposit for Standard and Raw accounts.
|
| 🛒 Bonus/promotions |
No bonuses or promotional offers. |
| 💱 Tradable asset classes |
Forex and CFDs including Stocks, ETFs, Commodities, Indices (Equity and Currency), Energy, Precious Metals, Bonds and Cryptos.
|
| 💸 Costs (spreads, fees, commissions) |
Standard Account average spreads from:
Raw Account average spreads from:
Standard & Raw Accounts average spreads from:
Please note: The average spreads mentioned were accurate at the time of the review but are subject to change. IRESS Retail & Wholesale / Professional Account
Swap rates apply on positions held overnight on Standard, Raw and IRESS Accounts. Islamic Standard & Raw Account:
|
| 💹 Leverage |
ASIC and CySEC
Other regulated regions
Traders can choose their preferred leverage ratio, from 1:1 up to 500:1, based on the maximum level allowed by local regulations. |
| 🏗️ Trading platforms allowed |
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, cTrader, WebTrader and IRESS. Mobile Apps available. |
| ⛔ Restricted regions |
United States of America, Japan, North Korea, Iran, Iraq, Belgium and some regions in Canada such as Ontario and Quebec. |
| 🗣️ Customer service languages available |
40 languages: Including English, Chinese, Spanish, French, German, Portuguese, Thai, Indonesian, Malay, Vietnamese, Korean, Arabic and more. |
FP Markets Account Conditions Score
Account Conditions
7.8
Regulated regions
Tier 1 Regulators
- Australia: First Prudential Markets Pty Ltd, is regulated by the Australian Securities and Investments Commission (ASIC), with AFSL number 286354.
- Cyprus: First Prudential Markets Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 371/18. Covers European Union (via MiFID passporting).
Other Regulators
- FP Markets LLC is regulated by the Financial Services Authority (FSA) in St Vincent and the Grenadines, limited liability company number 126 LLC 2019.
- First Prudential Markets Limited is regulated by the Financial Services Authority (FSA) in Seychelles, under license number SD130.
- FP Markets Ltd is regulated by the Financial Services Commission (FSC) in Mauritius.
- FP Markets (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, under license 50926.
- FP Markets Limited is regulated by Capital Markets Authority (CMA) of Kenya, under license number 103.
FP Markets cannot accept clients from certain countries such as the United States of America, Japan, North Korea, Iran, Iraq, Belgium and some regions in Canada.
Currencies accepted for deposits/withdrawals
Deposits into FP Markets trading accounts can be made in various currencies, including AUD, USD, EUR, GBP, SGD, CAD, CHF, JPY, HKD, PLN, MXN, BRL and ZAR.
Credit and Debit card payments (up to 1 working day): AUD, BRL, CAD, CHF, EUR, GBP, HKD, NZD, PLN, MXN, SGD, USD, ZAR.
Apple and Google Pay (instant to 30 minutes): AUD, USD, GBP, EUR, CAD, CHF, HKD, SGD, NZD, JPY and PLN.
Bank transfer (1 to 2 days): EUR, USD, CHF, AUD, CAD, GBP, SGD and HKD.
Cryptos (up to 1 hour): USDT (TRC20 and ERC20), BTC, Etherium, Litecoin and Binance Pay.
Alternative regional methods include; Neteller, Skrill, Perfect Money, Fasapay, SticPay, BPAY, POLi, PayTrust88, Klarna and many more.
FP Markets also accepts transfers from existing brokers.
Account types
FP Markets provides a variety of account types tailored to different trading needs and experience levels.
The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals. These spreads are wider than those on Raw accounts.
This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies. It offers a simple fee structure and easy access to the market.
FP Markets' Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips. The $6 round-turn commission per standard lot with tight spreads may suit those who are looking to scalp or day trade.
FP Markets provides a Direct Market Access (DMA) model, allowing Australian clients to trade share CFDs via the IRESS platform. Clients gain access to over 10,000 shares from major exchanges such as the NYSE, NASDAQ, ASX, and LSE, enabling them to trade well-known stocks like Apple, Tesla, and Amazon.
FP Markets provides Islamic swap-free accounts for both the Standard and Raw Accounts, available on MT4 and MT5 platforms.
Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts are also available.
Minimum deposit
There is a minimum deposit of $100 AUD (or equivalent) for Standard and Raw Accounts.
Share accounts through IRESS require a minimum deposit of $1,000 AUD.
Costs and fees
Standard Account average spreads from:
- Forex Pairs: Majors 1.3 pips, Minors 1.9 pips and Exotics 2.4 pips.
- Precious Metals: Gold 0.2 points, Silver 0.02 points, Platinum 2.94 points and Palladium 9.2 points.
- Base Metals: Lead 4.78 points, Copper 6.61 points, Zinc 4.75 points, Aluminium 4.38 points and Nickel 28.89 points.
- Energy Commodities: WTI Crude Oil and Brent Crude Oil 0.03 points and Natural Gas 0.02 points.
- Soft Commodities: Ranges from 0.71 points for Corn to 16.08 points for Cocoa.
- CFD Indices: Equity indices vary from 0.46 points which is the S&P 500 (US 500) to 15.00 points for the Italy 40 Index (ITA40). The US Dollar Index (USDX) from 0.05 points and the Volatility Index (VIX) from 0.15 points.
- ETF's: Equity Index, Emerging Markets, Sector, Bond, Energy, Real Estate ETF CFDs attract commissions per side from $0.02 USD per share with a minimum charge of $2 USD per side. Additionally, a minimum charge applies to each trade.
- For stock CFDs traded on the Australian Securities Exchange (ASX), there is a monthly data fee of $10 AUD charged by CHI-X, which is now known as CBOE Australia.
- Crypto CFDs: Average spreads for major cryptocurrencies such as Bitcoin (BTC/USD) are $18.14 USD, Ethereum (ETH/USD) $4.24 USD, and Ripple (XRP/USD) $0.0008 USD. The costs vary significantly depending on the crypto being traded.
Raw Account average spreads from:
- Forex Pairs: FP Markets charge a commission of $3 USD (or equivalent) per side per lot.
- Forex Pairs: Majors 0.2 pips, Minors 0.8 pips and Exotics 1.3 pips.
- Precious Metals: Gold 0.06 points, Silver 0.014 points.
- Base Metals: Lead 4.64 points, Copper 6.47 points, Zinc 4.61 points, Aluminium 4.24 points and Nickel 28.75 points.
- For other assets, the spreads are consistent with the average pricing of the Standard Account. This includes Commodities, Indices and Crypto CFDs.
- ETFs have the same commission structure as the Standard Account.
IRESS Shares Account:
- FP Markets offers two types of IRESS accounts, Retail and Wholesale/Professional. Both require a minimum balance of $1,000 AUD, but differ in their commission structures and financing costs.
- The Retail Account charges a minimum brokerage fee of $6 AUD (or 0.06% per trade) with financing at the base rate plus 3%.
- Meanwhile, the Wholesale Account features a lower brokerage fee of 0.05% per trade without a minimum, and financing at the base rate plus 2%. The Wholesale Account also offers negotiable rates based on trading volume and deposit.
- Traders holding share CFDs can benefit from dividend adjustments when holding a long position, and they are subject to adjustments for corporate actions like stock splits or mergers.
Islamic Account:
- FP Markets offer Islamic accounts replacing traditional swap charges with administration fees.
- Administration fees vary by instrument, some are charged on the same-day, replacing rollover fees, while others offer a 5-day grace period before fees apply.
- All spreads and commissions are the same as the Standard and Raw accounts.
- The IRESS account option is not available for Islamic accounts.
Other Fees:
- There is no inactivity fee. If the account continues to be inactive for 30 days it will be archived but not closed. However, it can be reactivated at any time by logging into the account.
- FP Markets does not charge for depositing, but each deposit method has its own specific conditions, including potential third-party fees, minimum deposit amounts, and processing times.
- Swap rates apply on all positions held overnight.
Bonus and promotions
FP Markets does not have specific bonus or promotional schemes due to regulatory stipulations.
Depositing ease
Multiple payment methods are available such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc.
The deposit payment could clear instantly or may take up to 5 business days depending on the payment method chosen.
We opened a Standard account with GBP using a debit card and the deposit was instantaneous.
Withdrawing ease
Traders can withdraw funds through various methods, including bank transfers, credit/debit cards, and e-wallets like Neteller and Skrill etc.
The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits.
While basic withdrawals are generally free, certain methods incur fees. For instance $10 USD for international bank wire transfers, $25 USD for international broker-to-broker transfers, Neteller charges 2%, Skrill 1%, FasaPay 0.5%, PayTrust 1.5%, and PayPal 2%. Other providers have different fee charges and conditions.
Traders can withdraw funds through various methods, including bank transfers, credit/debit cards, and e-wallets like Neteller and Skrill etc.
FP Markets does not enforce strict withdrawal limits. However, most payment methods typically have a minimum withdrawal amount ranging between $5 USD and $50 USD.
Withdrawals are processed immediately, but the time it takes for funds to reach the trader's account depends on the bank or payment provider. Processing is typically completed within one business day, but the actual transfer times vary by method. E-wallets are usually the fastest, while bank transfers may take one to five business days, and credit/debit card withdrawals typically require two to five business days.
We transferred funds from the account back to our debit card, and it was completed in under 24 hours.
FP Markets may require additional documentation or verification steps before processing a withdrawal.
The name on your trading account must be the same as the name on your payment method to comply with anti-money laundering (AML) regulations.
Overall, FP Markets makes it easy to withdraw funds, but traders should check the fees and limits involved to ensure a hassle-free experience when accessing their funds.
FP Markets Trading Experience Score
Trading Experience
9.2
Tradeable asset classes
FP Markets offers a large number of tradable instruments including over 70 currency pairs.
Over 780 share CFDs on MT4 and MT5 which include 17 shares on the UK Exchange, 123 shares on the European Exchanges, 433 shares on the US Exchanges, 105 shares on the Hong Kong Exchange, and 105 shares on the Australian Exchange.
They offer 15 Index CFDs, including popular choices like the US100, US500 and UK100. Additionally, 8 indices can be accessed through Direct Market Access (DMA), such as the Nasdaq 100 E-Mini, DJIA E-Mini (CBOT), Mini SPI 200, Nikkei 225 (CME), DAX Index, SPI 200, S&P 500 E-Mini and Euro Stoxx 50.
They offer 12 cryptocurrency CFDs including the major cryptocurrencies such Bitcoin, Ethereum, Ripple etc. Although crypto trading is not available in all regions.
More than 10,000 stock CFDs are available to FP Market clients based in Australia. These can be traded through IRESS and Direct Market Access (DMA). These are available on various exchanges including 2829 shares on the Australia Securities Exchange (ASX), 102 shares on AXW, 1380 shares on the Nasdaq, 1524 shares on the New York Stock Exchange (NYSE), 198 shares on ARC, 972 shares on the London Stock Exchange (LSE), 1418 shares on the Hong Kong Stock Exchange (HKE), 438 shares on the Singapore Exchange (SGX) and 23 shares on the Indonesia Stock Exchange (IDX).
17 Metals including Gold, Silver, Platinum, Palladium and other base metals.
5 Energy CFDs including WTI Oil, Brent Crude and Natural Gas.
7 Soft Commodities including Cocoa, Cotton, Sugar, Coffee, Corn, Soybeans and Wheat.
46 ETFs including the popular ETFs such as GLD (SPDR Gold Shares), SPY (SPDR S&P 500 ETF), QQQ (Invesco QQQ Trust Series), TLT (iShares 20+ Year Treasury Bond ETF) among others.
2 Bonds (UK Long Gilt Futures and US 10 year Treasury Note).
Lot sizes
FP Markets follows the commonly accepted lot size structure in forex trading.
Standard Lot is 100,000 units of the base currency displayed as 1.0, Mini Lot is 10,000 units of the base currency displayed as 0.10 and Micro Lot is 1,000 units of the base currency displayed as 0.01.
FP Markets allows traders to open positions starting with a minimum trade size of 0.01 lots (micro lot) or 1 unit on both their Standard and Raw account types. They offer various maximum lot sizes depending on the asset being traded:
- Forex: 0.01 to 50.
- Metals: 0.01 to 20 with the exception of Palladium: minimum size 0.1 to 20.
- Indices: 0.01 to 200.
- Commodities (Oil and Natural Gas): 1 to 20.
- Softs: 0.01 to 20.
- Cryptos: 0.01 to 5 to 10.
- Stocks: 1 and a maximum varies depending on stock.
- ETF’s: 1 to 100.
- Bonds: 1 to 200.
Leverage
For traders in the European Economic Area (EEA) under CySEC and Australia (ASIC) due to stricter regulations, the maximum leverage is limited to Forex 30:1 Majors, 20:1 Minors, Commodities 10:1, Gold and Indices 20:1, Equity CFDs, ETFs and Bonds 5:1 and Cryptos 2:1.
For most traders in other regions covered by FSCA (South Africa), FSA (Seychelles, St. Vincent and the Grenadines), CMA (Kenya) and FSC (Mauritius) FP Markets offers a maximum leverage of 500:1 for Forex and Commodities, 100:1 for Indices and Bonds, 50:1 for Crypto currencies, and 20:1 for Equity CFDs and ETFs.
Opening an account in the UK places traders under the jurisdiction of the FSA (St. Vincent and the Grenadines), allowing UK traders to take advantage of the maximum leverage available.
Execution quality
FP Markets uses ECN execution with a fiber optic connection to a high-end server at the NY4 Equinix facility in New York. They highlight their excellent execution quality and ultra-fast speeds, reporting times of up to 40 milliseconds, which positions them among the fastest brokers in an industry where speeds under 100 milliseconds are considered very good.
FP Markets uses an ECN for Forex on Raw accounts, providing direct pricing from top-tier liquidity providers with no markup. For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges.
Additionally, they use STP (Straight-Through Processing), routing orders directly to liquidity providers without a dealing desk.
We had a positive trading experience with FP Markets, with consistently swift execution on our trades. While trading highly liquid instruments during both the European and US sessions, we observed some positive price improvement and encountered a 1 pip slippage on an overnight trade when liquidity is typically lower.
FP Markets Tools and Resources
Tools and Resources
9.4
Trading platform
FP Markets offer a number of platforms including MetaTrader 4 and 5, TradingView, cTrader and WebTrader which are all known for their reliability and advanced trading features.
They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs.
Together, the platforms available cover a variety of trading styles and levels of experience.
Trading tools
FP Markets offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters.
They have a Traders Hub which includes technical and fundamental analysis in the form of daily reports and news, research, education and video tutorials.
FP Markets offers Copy Trading and Signals through their Social Trading platforms.
They offer a Virtual Private Server (VPS) service that provides advantages for Forex traders, particularly those using automated trading strategies. This allows for trading even in offline mode, maximizing uptime. Traders who deposit a minimum of $1,000 or trade over 10 lots per month on the Standard Account or 20 lots on the Raw Account can access the VPS service at no additional cost.
In addition, FP Markets offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts.
Other useful tools include Trading Central, TradeMedic, AutoChartist, Toolbox (12 online trading tools through MT4/5), MyFXBook and Signal Start.
Traders have access to an economic calendar and forex calculator.
Demo accounts are available and are initially set to expire after 30 days of inactivity. However, they can remain active indefinitely as long as the account is regularly utilized.
This comprehensive offering makes FP Markets a versatile platform for both individual and wholesale traders.
FP Markets Trust
Trust
8.4
Regulation tiers
FP Markets are regulated by tier 1 authorities including ASIC (286354) and CySEC (371/18).
Also regulated by the FSCA (South Africa, FSP 50926), FSA of St Vincent and the Grenadines, FSA in Seychelles (SD130), FSC in Mauritius (GB21026264) and CMA in Kenya (103).
Other Factors
FP Markets ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities.
They offer negative balance protection which ensures that clients cannot lose more than their account balance. However, this protection is not universally available and applies only to certain clients based on their jurisdiction.
FP Markets clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC.
FP Markets does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). They also are unable to accept clients from Japan, Iran, North Korea, Sudan, Syria due to international sanctions, Belgium due to restrictive trading rules and some regions in Canada such as Ontario and Quebec.
Awards and Recognition
FP Markets has received numerous awards over several years, highlighting its strong position in the forex and CFD brokerage industry.
Among its recent achievements in the forex industry:
- Global Forex Awards: ‘Best Value Broker - Global’ for six consecutive years (2019-2024), ‘Best Broker - Europe' for three consecutive years (2022-2024), 'Best Partners Programme - Asia' in 2024.
- FAME Awards: 'Best Trading Experience - Africa' in 2024, 'Best CFD Broker - Africa' in 2023.
- Ultimate Fintech Awards: 'Best Trade Execution' in 2022 and 2023, 'Most Trusted Broker' in 2023, 'Most Transparent Broker' at the APAC edition in 2023.
- Other Notable Awards: 'Best Forex Spreads APAC' and 'Best Trading Experience APAC' at the 2024 Finance Magnates Pacific Summit, 'Best Price Execution' at the Brokersview Awards 2024, Singapore, 'Most Transparent Broker' and 'Best Trading Conditions' at the Global Ultimate Fintech Awards 2024,'Best Forex Trading Tools 2023' by FXScouts.
While these industry awards offer insight into FP Markets reputation, they should be considered alongside regulatory compliance, financial stability, platform quality, customer service, and trading conditions.
FP Markets Customer Service and Support
Customer Service and Support
9.8
Schedule/Time to reply
FP Markets offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support.
We used the chat service multiple times and consistently received responses within 10 to 30 seconds. The support team was knowledgeable, promptly addressed our questions, and provided links to relevant resources when needed. We also used the email facility and received a prompt response within 15 minutes answering all of our questions thoroughly.
When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed. Whenever we had questions, they responded promptly.
FP Markets maintains transparency regarding key customer service metrics, including response times and client satisfaction levels for both live chat and email support.
Languages available
FP Markets provides customer support in over 40 languages, including: English, Chinese, Japanese, Korean, Spanish, Portuguese, Hungarian, Italian, Thai, Dutch, French, Vietnamese, Polish, Arabic, German, Greek, Russian, Indonesian, Malay and more.
Their website is available in 21 different languages.
FP Markets provides multiple trading platforms, including MT4, MT5 and cTrader, each supporting a variety of languages to accommodate its global clientele. MT4 and MT5 supports over 30 languages while cTrader platform also offers similar multilingual support.
User reviews from ForexPeaceArmy
User Experience
9.0
Here you can find what Forex Peace Army users think about FP Markets. Do you want to see more reviews? Visit the FPA page to see more user experiences with this broker.
Atia24 – France
Recommended
5/5
Yousef47 – Egypt
Disappointed with Communication and Lack of Transparency
2/5
Son SLGroup – Korea
The service of FP Markets is very good
5/5
Mkahiga – Kenya
The most professional team. Superior platform
5/5
FP Markets final thoughts
FP Markets offers a comprehensive range of trading options and competitive pricing. With platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView traders can access a variety of instruments, including Forex, CFDs, Stocks, and Cryptocurrencies. The broker offers low trading costs and high leverage options, making it suitable for both novice and experienced traders. Additionally, FP Markets ensures the safety of client funds by keeping them in segregated accounts with top-tier banks, providing peace of mind for users. For Australian traders specifically interested in stock trading, FP Markets offers an IRESS account that provides access to a broad selection of global stocks alongside advanced charting tools.
FP Markets' trading platforms are designed to support efficient trading with competitive spreads, enabling traders to effectively capitalize on market opportunities. The combination of a robust trading infrastructure and comprehensive educational resources creates an enhanced trading experience that accommodates traders at various skill levels.
Moreover, FP Markets is regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment. With 24/7 multilingual customer support and quick account setup processes, FP Markets delivers a reliable and user-friendly experience. Overall, its commitment to transparency, security, and trader education makes FP Markets an excellent choice for anyone looking to engage in forex and CFD trading.
About FP Markets
FP Markets is a global broker that started in Sydney, Australia in 2005. They offer services to traders around the world and are overseen by several financial regulators in different countries adapting to different rules and requirements. These include ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent and the Grenadines), FSA (Seychelles), FSC (Mauritius) and CMA (Kenya).
They offer a comprehensive trading experience across various asset classes, including Forex, CFDs, Indices, Metals, Commodities and Bonds. With tight raw spreads starting from 0.0 pips, competitive commissions, maximum leverage of up to 500:1 (depending on location), and advanced technology so traders can optimize their strategies while minimizing costs. The broker provides fee-free funding options and robust 24/7 customer support, ensuring that traders have the resources they need.
FAQs
FP Markets is regulated by multiple financial authorities including:
- Australian Securities and Investments Commission (ASIC) in Australia
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
- Financial Sector Conduct Authority (FSCA) in South Africa.
- Financial Services Authority (FSA) in St. Vincent and the Grenadines.
- Financial Services Authority (FSA) in Seychelles.
- Financial Services Commission (FSC) in Mauritius.
- Capital Markets Authority (CMA) of Kenya.
The broker maintains client funds in segregated accounts, protecting them from operational risks. While European clients under CySEC have the added benefit from the Investor Compensation Fund.
In Australia there are measures in place to protect investors such as the National Guarantee Fund (NGF): This fund provides limited compensation for retail clients dealing on the Australian Securities Exchange (ASX). It compensates for specific types of losses, such as unauthorized trading or a broker's failure to complete a trade.
FP Markets (First Prudential Markets) has its headquarters located in Sydney, Australia. The company's main office address is Level 5, 309 Kent Street, Sydney, NSW 2000, Australia.
FP Markets offers a broad array of trading instruments including over 70 currency pairs (7 majors, 21 minors, and various exotics), more than 780 share CFDs, 46 ETFs, and 2 bonds. The platform also includes over 15 equity index CFDs, 8 additional index CFDs through Direct Market Access, and a variety of commodities comprising 17 metals, 5 energy products, and 7 soft commodities. Additionally, FP Markets offers 12 major and minor cryptocurrency CFDs with availability depending on the region. For Australian clients using the IRESS platform, they provide access to up to 10,000 traditional stock CFDs.
Opening a trading account with FP Markets is a straightforward and efficient process that can be completed entirely online. Here's a step-by-step guide:
- Visit the FP Markets Website: Go to the FP Markets website and complete the Account Application form.
- Account application: Provide your personal information, including your email, name, account type, and country of residence. You can also sign up using Google or Facebook.
- Account configuration: Choose your preferred trading platform (MT4, MT5, cTrader, or TradingView), account type, trading currency, and desired leverage level.
- Declaration: Indicate your trading experience, read and accept the terms and conditions.
- Login: Access the FP Members Area using your email and password to submit documents and manage your account.
- Document submission: Where you see "Pending Activation," submit the required documents for verification.
- Account approval: FP Markets typically verifies accounts within one business day, often sooner. You will receive an email confirming your account status.
- Fund your account: Once verified, fund your account by selecting a payment method such as a bank transfer, credit/debit card or e-wallet. The minimum deposit required to open an account is AUD 100 (or equivalent).
- Download Trading Platform: After funding, download your chosen trading platform to start trading.
- Start Trading: After funding your account and setting up the trading platform, you can begin trading the wide range of financial instruments offered by FP Markets.
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