FP Markets
- Written By thinkforexbrokers
- Updated:
FP Markets is an established online financial services provider that offers traders seamless access to a wide range of financial instruments across multiple asset classes. The broker supports intuitive trading platforms on both desktop and mobile, ensuring flexibility for different trading styles.
In this review, we take a closer look at the key aspects of FP Markets to help you decide whether it’s the right broker for you. As of mid-June 2025, FP Markets has been rated by 8,601 users on Trustpilot, earning an Excellent score of 4.9 out of 5. Notably, 94% of clients gave the broker a 5-star rating, while only 2% left a 1-star review.
FP Markets Overall Summary Table | |
Year Founded | 2005 |
Minimum Deposit | $50 |
Tradable Instruments | CFDs on Forex, Shares, Metals, Commodities, Indices, Crypto, and ETFs |
Open an Account | How to Open an Account at FP Markets |
Trading Costs | Spreads, Fees, and Commissions at FP Markets |
Key Pros and Cons
To start with, here are the key pros and cons of trading with FP Markets.
- Key Pros
- A solid regulatory background
- Competitive spreads for the Raw Spread accounts
- Offers advanced trading platforms
- Access to over 10,000 financial markets
- Fast order execution
- No dealing desk intervention
- Autochartist and other useful trading tools
- A good selection of educational resources
- Leverage up to 1:500
- Services clients from around the world
- Segregates retail client funds
- Responsive customer support team available 24/7
- Key Cons
- Does not accept US clients
- Wider spreads for Standard accounts
- No fixed-spread accounts
- Charges A$10 for international bank transfer withdrawals
Company Information
FP Markets is a global CFD broker that was established in 2005, with its headquarters based in Australia. The broker gives traders direct access to a wide range of financial markets, including forex, equities, indices, commodities, futures, and cryptocurrencies. These instruments can be traded across several intuitive platforms, designed to suit both beginner and professional traders. Clients of FP Markets enjoy competitive trading conditions such as low spreads, fast execution speeds, raw pricing, no restrictions on strategies, and more.
The company maintains offices in different regions, including Sydney (Australia), Limassol (Cyprus), and Kingstown (Saint Vincent and the Grenadines). The FP Markets Group operates through the following regulated entities with their respective registered offices:
First Prudential Markets PTY Ltd, regulated by the Australian Securities and Investments Commission, with registered offices at Level 5, Exchange House 10 Bridge Street, Sydney NSW 2000, Australia
First Prudential Markets Ltd, regulated by the Cyprus Securities and Exchange Commission, with an office address at Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus.
First Prudential Markets LLC, registered in Saint Vincent and the Grenadines, with offices located at 1st floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.
FP Markets has earned more than 40 industry awards in recognition of its outstanding customer support and reliable order execution, placing it among the most respected online brokers in the market today.
Although the broker caters to a global client base, its services are not available everywhere. FP Markets does not accept account registrations from residents of certain restricted regions, including the United States, Japan, and New Zealand, due to local laws and regulatory requirements.
Why Trade with FP Markets?
Now, let us provide a short list of the key features of FP Markets we like.
Aspect | What we like |
Regulation | Reputable and secure broker, registered in Saint Vincent and the Grenadines and regulated by the ASIC and CySEC. |
Pricing | Tight spreads from 0.0 pips and raw pricing. |
Trading | Access to over 10,000 financial instruments across different asset classes, including shares, metals, commodities, indices, forex, bonds, futures, and more. |
Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, IRESS, and WebTrader platforms, with various advanced trading tools included. |
Education | A vast selection of educational resources, such as trading guides, trading glossary, informative articles, newsletters, an FAQs section, company news, video tutorials, press releases, webinars, podcasts, eBooks, and more. |
Social Trading | Copy trading through MT4 and MT5, allowing customers to replicate the positions of successful traders without developing their own strategies. |
Execution | Award-winning, low-latency order execution, achieved through the Equinix NY4 facility server cluster. Access to institutional-grade liquidity with no price manipulation, no dealing desk, and no requotes. |
Customer Support | A knowledgeable client support team available via various contact channels. |
Regulation
FP Markets is a well-established financial services provider that operates under strict regulation in multiple jurisdictions.
In its home market of Australia, the broker is licensed and regulated by the Australian Securities and Investments Commission (ASIC), one of the world’s most respected financial watchdogs.
Within the European Union, FP Markets is authorized and overseen by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with EU financial laws and investor protection standards.
To extend its reach to clients in other regions, including parts of Africa, Asia, and Latin America, FP Markets also operates under a corporate entity registered in St. Vincent and the Grenadines.
Below is a breakdown of FP Markets’ regulatory licenses:
Flag | Region | Entity | Authority | License |
 | Australia | First Prudential Markets Pty Ltd | Australian Securities and Investments Commission (ASIC) | ASIC AFS License No: 286354 |
| EU | First Prudential Markets Ltd | Cyprus Securities and Exchange Commission (CySEC) | CySEC License No: 371/18 |
| St. Vincent and the Grenadines | First Prudential Markets LLC | Financial Services Authority of St. Vincent and the Grenadines | Limited Liability Company Authorization No. 126 LLC 2019 |
 | The Seychelles | First Prudential Markets Limited | Financial Services Authority of the Seychelles (FSAS) | Limited Liability Company Authorization No. 126 LLC 2019 |
| The Bahamas | First Prudential Markets (Global) Ltd. | Securities Commission of the Bahamas (SCB) | License number information unavailable |
| Mauritius | FP Markets Ltd | Financial Services Commission of Mauritius (FSCM) | FSCM License No: GB21026264 |
As a brokerage regulated by both ASIC and CySEC, FP Markets operates under strict compliance with international trading standards. The broker meets the capital requirements set by its regulators, which ensures that clients receive timely payouts. On top of that, it has put in place rigorous internal procedures covering staff recruitment, financial reporting, external audits, and risk management.
FP Markets also follows a strong client protection policy by keeping retail funds completely separate from company money. These funds are held in trust accounts with reputable banks, which means they cannot be used for the broker’s day-to-day operations. Even in the unlikely event of insolvency, client funds would remain untouched.
Overall, FP Markets’ regulatory framework is solid, and the company demonstrates a high level of transparency and trustworthiness.
Regulation
4/5
- The strict regulation in various jurisdictions allows for greater trust.
- CySEC regulations mandate the provision of Investor Compensation Fund (ICF) coverage, reaching up to €20,000.
- The ASIC entity enables electronic verification.
- Negative balance protection is available.
KYC Procedure for Account Creation and Depositing
Opening a live trading account with FP Markets is quick and straightforward — the initial signup takes only about three minutes. However, you’ll need to upload standard KYC documents for verification, which may take up to a day or slightly longer to be approved.
To begin, head over to the broker’s website and look at the top-right corner. Click on the “Open Live” button and then follow these steps:
Personal Contact Details: Fill in your name, email address, gender, preferred account type, country of residence, and telephone number. Alternatively, you can sign up with your Facebook or Google account logins.
Further Information: Fill in your date of birth, passport number or national ID number, and address. The broker requires secific financial information such as annual income, size of wealth, expected deposit amount in the next 12 months, etc.
Choose a Password: You are required to choose a strong password to ensure the security of your trading account. A strong password should contain various characters, including letters, numbers, and symbols.
Choose Your Trading Platform: FP Markets offers various advanced trading platforms, such as MT4, MT5, and IRESS.
Eligibility Assessment: This is a suitability test, where you will be asked to provide information about your trading knowledge and experience.
Check the Relevant Box: By checking the relevant box, you declare that you have read and agree with all the legal documentation of FP Markets, including Terms and Conditions, Order Execution Policy, Privacy Policy, and Risk Disclosure Notice.
Upload Other KYC Documents for Verification: You are required to upload some ID documents, such as a passport, national ID card, or driver’s license, as well as proof of residency (a utility bill or bank account statement), to complete your account verification process.
After completing the account opening process and submitting the required KYC documents, you’ll need to wait for FP Markets to review and approve your application. This usually takes about one business day. Once your account is approved, the next step is to fund it using any of the payment methods offered by the broker. With a minimum deposit of just $50, you can start trading right away.
Account Opening
4/5
- Quick sign up process (around three minutes)
- The registration process includes a suitability test.
Account Types
FP Markets offers various account options to allow traders to choose the one that best suits their individual objectives and capital. The available account types include the following:
- Forex Account Types (MT4/MT5)
- IRESS Accounts
- Islamic Account
- Demo Account
Demo Account
These accounts are designed for forex trading on both the MT4 and MT5 platforms, and they come in two types: Standard and Raw. The Standard account requires a low minimum deposit of $50 (A$100), offers spreads starting from 1.0 pip, and charges no trading commission. The Raw account also requires a $50 (A$100) deposit, but it provides spreads from 0 pips, with a commission of $3 per lot, per side.
Both accounts share several features: a minimum trade size of 0.01 lot, ECN-style order execution, access to over 60 currency pairs as well as metals, indices, and commodities, and full compatibility with MT4 and MT5 mobile apps. In terms of leverage, EU-based retail traders can trade with up to 1:30, while professional traders and non-EU residents can access leverage of up to 1:500.
IRESS Accounts
The IRESS accounts come in two types: Retail and Wholesale/Professional. Both accounts are accessible through the intuitive IRESS trading platform and require a minimum deposit of $1,000. The Retail account provides access to competitive DMA commissions and margin rates across IRESS platform options. The Wholesale/Professional account, on the other hand, gives traders the added benefit of negotiating commissions with their account managers, depending on deposit size and average monthly turnover.
Islamic Account
FP Markets provides a swap-free Islamic account designed specifically for Muslim traders who want to trade in line with Sharia law. With this account type, there are no swaps or interest charges on overnight positions. Instead, a small administrative fee is applied to overnight trades and deducted from the account balance.
The swap-free option is available for both the Raw and Standard account types on MT4 and MT5. However, it is not yet offered on IRESS accounts.
The key features of FP Markets’ Islamic accounts include:
- To open a swap-free account with FP Markets, traders must first register an MT4 or MT5 account and then request and account conversion.
- Zero interest/swap charges on selected pairs
- Access to stable, secure, and intuitive leading trading platforms with no requotes or hidden charges
- Fast order execution under 40 milliseconds
- Free and unlimited access to the MetaTrader 4 and MetaTrader 5 platforms, including their browser-based, iOS, and Android versions
- Free and unlimited access to the MetaTrader 4 and MetaTrader 5 platforms, including their browser-based, iOS, and Android versions
Demo Account
FP Markets also provides a demo account, which is completely free to use. This account is particularly useful for beginners who want to get comfortable with the broker’s platforms and trading instruments before moving to a live environment. Experienced traders can also benefit from it by testing out new strategies in a risk-free setting.
Opening a demo account is quick and simple. The process involves just two steps: filling in some basic personal details and then downloading and installing your preferred trading platform. FP Markets supports 14 base currencies for demo accounts, including AUD, USD, EUR, GBP, and CAD.
When creating a demo trading account, users can choose from the following platforms:
- MetaTrader 4
- MetaTrader 5
- DMA CFD Account
- cTrader
- TradingView
Account Types
3/5
- Multiple live account options
- Demo account
- Option to set up an Islamic account
- Minimum deposit requirement of $50
- Competitive spreads
Trading Fees and Other Costs
Every online broker applies certain trading fees, and overlooking these charges can eat into your profits more than you might expect. This is why many traders prefer working with brokers that keep their costs competitive and transparent. FP Markets, like any other CFD and forex broker, also charges fees that traders should understand clearly. Broadly, these costs fall into two main categories.
- Trading Fees – spreads, commissions, and overnight financing rates
- Non-Trading Fees – account management, deposit, withdrawal, and inactivity fees
Below is a breakdown of the trading fees charged by FP Markets:
Costs/fees | What is this? | With FP Markets |
Spreads | The cost is incorporated into the price of what you trade. A wider bid-ask spread results in greater expenses. | FP Markets offers tight spreads from 1.2 pip on Standard accounts and 0.0 pips on Raw accounts. |
Commission | A flat fee paid per position that is often used as an alternative to charging via the spread. | FP Markets charges no commissions on Standard accounts; a commission of $3 per lot, per side is charged on Raw accounts. |
Financing charges | The cost of holding a position open overnight. | The broker charges swap fees for holding leveraged positions active overnight. The charges are applied at 00:00 platform time and vary across financial assets. |
Deposit fees | Fees charged by the broker to fund your account. | No deposit fees (see more in Deposit Methods below) |
Withdrawal fees | Fees charged by the broker to withdraw money from your account. | FP Markets charges withdrawal fees for certain methods, including Neteller, Skrill, Paytrust88, and OnlinePay (Chiina online banking). (see Withdrawal Methods below) |
Inactivity fees | Fees charged on dormant live accounts. | None |
Spreads
Spreads simply represent the gap between the bid and ask prices. The bid is what a trader would get when selling a currency, while the ask is what they pay when buying. FP Markets has built a reputation for keeping spreads tight and executions quick. Since the broker taps directly into liquidity from leading global financial institutions, it manages to deliver spreads starting as low as 0.0 pips on Raw accounts and from 1.0 pip on Standard accounts.
To give you a clearer picture, here is how the average spreads compare across both account types.
Instrument | Standard Account | Raw Account |
EUR/USD | 1.2 pips | 0.1 pips |
GBP/USD | 1.5 pips | 0.4 pips |
USD/JPY | 1.4 pips | 0.3 pips |
USD/CHF | 1.7 pips | 0.3 pips |
AUD/USD | 1.4 pips | 0.3 pips |
USD/CAD | 1.5 pips | 0.4 pips |
NZD/USD | 1.6 pips | 0.4 pips |
On the Standard account, where a one-pip markup is included in the spreads, the cost of trading one lot of EUR/USD works out at about $10 per round turn. On the Raw account, spreads start from zero, but there is a fixed commission of $3 per side, per lot. This means a complete open-and-close cycle costs $6. In practical terms, a trader running the same position on EUR/USD would therefore spend nearly half as much in trading fees on the Raw account compared to the Standard account.
Standard Account
- Spread – 1.2 pips
- TOTAL COST – 1.2 x $10 = $12 per side or $24 roundturn
Raw Spread Account
- Spread – 0.1 pips
- Spread Cost – 0.1 x $10 = $1 per side
- Commission – $3 per side
- TOTAL COST – ($1 x 2) + ($3 x 2) = $8
As it turns out, it is cheaper to trade with a Raw account than with a Standard one. Here is how the average spreads for major forex pairs traded via Standard accounts at FP Markets compare to those offered by other brokerages.
Instrument | FP Markets | Fusion Markets | AvaTrade | IG |
EUR/USD | 1.2 | 1.01 | 0.9 | 1.40 |
GBP/USD | 1.5 | 1.14 | 1.3 | 1.40 |
USD/JPY | 1.4 | 1.17 | 1.3 | 1.97 |
USD/CHF | 1.7 | 1.14 | 1.3 | 1.99 |
AUD/USD | 1.4 | 1.02 | 1.1 | 0.82 |
USD/CAD | 1.5 | 1.12 | 1.8 | 1.77 |
NZD/USD | 1.5 | 1.13 | 1.4 | 2.05 |
While not always the most competitive, FP Markets’ spreads on major currency pairs are reasonable, making it a solid choice for traders prioritizing stability and reliability over ultra-low costs.
Commissions
For Raw accounts, FP Markets charges a commission of $3 per 1 standard lot, per side, and $6 in both directions (upon opening and closing a position).
This means that:
- When trading 1 standard lot (100,000 base currency units), you will pay a $3 commission to open the position and another $3.00 to close it.
- When trading 1 mini lot (10,000 base currency units), you will pay a $0.60 commission to open and close the position, or $0.30 each way.
- When trading 1 micro lot (1,000 base currency units), you will pay a $0.06 commission to open and close the position.
A $6 commission per standard lot is quite fair since many other leading brokerages charge higher commissions. For example, IC Markets charges $7 per standard lot. However, some competitors like Fusion Markets offer considerably lower roundturn commissions of $4.50.
Spreads & Commissions
4/5
- Spreads on Standard accounts are relatively high.
- Raw account spreads are quite competitive.
- Commissions on Raw accounts are fair.
Financing Charges
For example, on the EUR/USD pair, traders may find a negative swap on long positions and a positive swap on short positions, depending on prevailing interest rate differentials. On the other hand, some pairs, such as exotic currencies, may carry negative swaps on both sides, making them more costly to hold overnight.
To help traders plan their strategies effectively, FP Markets publishes up-to-date swap rates directly within the MT4 and MT5 platforms. These can be viewed by right-clicking on a symbol in the Market Watch window and selecting “Specification,” which displays the applicable long and short swap values.
By using the broker’s swap calculator, clients can also estimate potential overnight costs or credits in advance, based on trade size, instrument, and holding period. This ensures transparency and helps traders manage their risk and funding expenses more accurately.
Currency Pair | Long Position | Short Position |
EURUSD | -5.05 | 1.23 |
GBPUSD | -1.91 | -2.14 |
USDCHF | 2.74 | -2.14 |
AUDUSD | -2.15 | -2.14 |
Deposit fees
The broker does not charge any fees for depositing. For more details, see Deposit Methods.
Withdrawal fees
FP Markets charges withdrawals fees on some methods. Note that withdrawal amounts should be the same as the deposit amounts and via the same banking method. For more details, see Withdrawal Methods
Inactivity fees
If a trader’s account has zero balance and no activity for more than three months, FP Markets will disable it, without charging any dormancy fee for this. Traders are able to reactivate the account at any time they wish and resume their trading activity by sending an email to onboarding@fpmarkets.com . This is not a common practice as many large brokerages do penalize their customers for inactivity. FP Markets deserves the top mark in this regard.
Inactivity Fees
4/5
- No inactivity charges
Overall on Fees
When it comes to overall pricing, FP Markets positions itself somewhere in the middle ground. The Raw account is clearly designed for active traders or scalpers who benefit most from ultra-tight spreads, even after factoring in the commission charges. On the other hand, the Standard account is better suited to beginners or casual traders who prefer a simple fee structure without commissions, even if that means paying slightly higher spreads.
In addition, FP Markets remains transparent about all its costs, making it easy for clients to calculate and compare trading expenses. The absence of hidden charges—especially on deposits and withdrawals—adds to its credibility and makes it a cost-efficient choice for many traders.
Trading Fees and Other Costs
4/5
- Wider spreads on Standard accounts
- Competitive spreads on Raw accounts
- Zero deposit and withdrawal fees on most payment methods
Desktop Trading Platforms
At FP Markets, all trading activities are carried out using the following trading platforms: MetaTrader 4, MetaTrader 5, TradingView, cTrader, WebTrader, and IRESS.
MetaTrader 4
The MT4 platform at FP Markets is equipped with a wide range of tools and functionalities, making it suitable for both beginners and experienced traders. It features a user-friendly interface with customizable layouts, advanced charting tools, and numerous technical indicators to support informed decision-making. Traders can also take advantage of automated trading through Expert Advisors (EAs), fast order execution, and multiple order types. Additional benefits include one-click trading, access to real-time market quotes, and instant price alerts. Since MT4 is compatible across desktop, web, and mobile devices, it provides traders with the flexibility to access their accounts and manage positions from virtually anywhere.
Pre-Installed Indicators: MT4 is replete with various indicators. The platform provides access to 60+ technical indicators relating to trends, oscillators, and volume. Traders can identify trends with the help of indicators like Bollinger Bands and moving averages.
Fully Customizable Charts: The platform allows traders to customize charts according to their trading strategies or market volatility. You can customize the layout to suit your trading setup and use trading signals to notify you of specific market conditions.
Profiles and Chart Templates: MetaTrader 4 recognizes that traders rely on varied strategies for different financial markets. To account for this, it allows traders to create separate profiles and easily switch between them. This is particularly useful for those who trade different asset classes or employ multiple trading strategies.
One-Click Trading: This feature enables traders to capitalize on trading opportunities. Time is a critical factor in the financial markets, and the ability to trade directly off charts with a single click is valuable. Placing orders, locking in profits, and setting stop losses can be achieved without any compromise.
MarketWatch: MT4’s MarketWatch is a panel enabling traders to view a list of trading instruments, monitor their price movements, and access additional features such as opening charts and placing orders directly from the panel.
Automated Trading: Algorithmic trading (also known as automated trading) is one of the major features of the MetaTrader 4 platform. It allows you to develop, test, and apply Expert Advisors (EAs) and trading scripts. FP Markets’ tight raw spreads and zero trading restrictions help provide the ideal environment for automated trading. Traders can also access AutoTrade, a state-of-the-art copy trading system.
Access to MetaTrader Marketplace and MQL4 Community: The MT4 trading platform is available as a desktop application for Windows and Mac computers, a WebTrader that runs directly in modern web browsers without requiring installation, and a mobile app designed for devices running on Android and iOS.
MetaTrader 5
MT5, launched in 2010 by MetaQuotes, is the upgraded version of MT4 and works on Windows, WebTrader, Mac, iOS, and Android. It keeps all the core features of MT4 but adds more advanced charting tools, extra indicators, more timeframes, and additional order types. It also supports a wider range of instruments, has faster EA backtesting, an integrated economic calendar, and improved execution speed, making it a more versatile platform for traders.
Multi-Asset Trading Platform: While MT4 is explicitly designed for forex trading, MT5 is a multi-asset platform. The FP Markets’ MT5 platform offers access to several asset classes, including Forex, Shares, Commodities, Indices, and Cryptocurrencies.
Algorithmic and Automated Trading: The MT5 platform excels in this area, boasting sophisticated automated trading capabilities. The platform takes algorithmic trading to another level as it enables users to create different trading robots and use them simultaneously. This is beneficial to those who wish to run different trading strategies across alternate asset classes to capitalize on all trading opportunities 24 hours a day. All the needed tools for fundamental and technical analysis are readily available.
Advanced Features: The MT5 platform supports Depth of market display and technical indicators, 6 pending stop order types, improved strategy tester for algorithmic trading and EAs, in-built market of trading systems and apps, email alerts and push notifications, trading robots for scalpers, Forex Signals and Copy Trading, 21 time frames, and 8 order types.
Real-Time Market News & Analysis: The MT5 platform includes an in-built Economic Calendar which features real-time financial news.
Risk Management: The improved version features a plethora of risk management tools, including more pending order types. Combining multiple stop-order options with the advanced Depth of Market (DOM) feature enables traders to implement various risk management strategies.
Flexibility: The platform offers seamless compatibility, with versions for Windows and Mac, web trading accessible through all popular internet browsers, as well as apps for mobile devices running on Android and iOS.
WebTrader
FP Markets WebTrader allows customers can access their MT4 and MT5 accounts directly from any modern web browser on any device with no need to download additional software.The web-based platform features include:
Trade Various Financial Instruments : Trade Forex, Indices, Commodities, Share CFDs, and Crypto.
A Complete Suite of Trading Tools and Features: With no need to download additional software MetaTrader WebTrader gives traders access to the same set of tools and functionalities available on the desktop version.
One-click Trading: Open and close trades with one click.
Various Browsers Supported: Supported browsers include Chrome, Firefox, Safari, etc.
TradingView
FP Markets offers TradingView integration, an advanced charting platform, available for desktop, web-based browsers, and mobile devices. It provides seamless access to the financial markets and the largest social trading community to more than 50 million users globally. TradingView is suitable for traders of all experience levels and some of its standout features include:
Track and Trade Financial Markets: TradingView offers a comprehensive coverage of global markets, such as Forex, Stocks, Cryptocurrencies, Commodities, Indices, and Bonds. Traders are empowered to switch easily between different financial markets, utilize multi-chart modes, and apply various technical analysis tools and indicators to the maarkets.
100,000 Public Indicators : More than 100,000 public indicators are available, as well as the opportunity to create custom layouts, write and share indicators and strategies through TradingView’s Pine Script.
Advanced Charting Tools: The platform supports a wide spectrum of charting tools and technical indicators that are suitable for both new and experienced traders.
User-intuitive Layout: The platform offers excellent customization options, allowing traders to adjust their trading environment to their specific preferences.
Social Trading Community: Largely known for its large and active social trading community, TradingView enables its users to share ideas, trading strategies, educational materials, and analysis.
Real-Time Data and News: The platform provides access to real-time data, global news, and economic calendars, helping them stay informed.
cTrader
Launched in 2011 by Spotware Systems, cTrader is yet another advanced platform, integrated by FP Markets. The platform has been designed with a “Traders First” approach and a focus on user-intuitiveness, transparency and fast execution. FP Markets allows its customers to create cTrader live and demo Standard and Raw accounts. As the broker notes, Demo accounts will be deactivated after a 90-day inactivity period. Below, we have listed some of cTrader’s main features and functionalities:
Premium Charting Capabilities: Several chart types are supported, including Bars, Line, Candlestick, HLC, Heikin, Dots, Renko, and Tick, plus the added functionality of detaching and reattaching charts. A Multi-Chart mode is also supported. Furthermore, the ChartShots functionality enables traders to share their work on social media.
In-house Technical Indicators: cTrader offers more than 70 technical indicators.
A Wide Spectrum of Timeframes: Traders have access to a wide range of timeframes, from 1-minute to the monthly timeframe.
Algorithmic Trading with cTrader Automate: Similar to the MT4, for example, cTrder also facilitates algorithmic trading, with the cAlgo programing language allowing users build their trading cBots and custom technical indicators.
Economic Calendar and News Function: cTrader’s Economic calendar offers Previous, Consensus, and Actual values for all economic indicators, and the News function helps traders stay updated on market developments.
Unique Features: cTrader ID, or cTID, is a unique functionalitiy allowing cTrader users to combine their credentials across all brokers supporting the platform and simplify their user experience to a great extent. Additionally, the Smart Stop Out is another feature unique to cTrader. It is an advanced risk management tool that activates automatically when a trader’s account margin level falls below the specified stop-out level. In contrast to traditional stop-outs, the feature does not close entire positions on all trades but partially closes only the smallest necessary portion.
Multi-Device Access: cTrader is available for Windows, Mac, Android, and iOS.
IRESS
IRESS is a powerful and user-friendly trading platform that offers multi-product execution with access to level 2 exchange data. It streams live prices directly from exchanges and allows instant order placement into the order book. Supporting all order types, including advanced strategies, it provides transparent pricing, full market depth, and access to over 10,000 products. Traders can also receive customizable real-time news and trade alerts via the platform, email, or SMS. IRESS is available as a desktop app for Windows and Mac, a WebTrader for all major browsers, and a mobile app for iOS and Android.
Copy Trading with FP Markets
FP Markets Copy Trading lets you automatically follow and copy the trades of successful traders, removing the need to build your own strategies or research the forex market in detail. Available through the MetaTrader platforms, it offers flexibility for users to act either as signal providers or copiers. Traders are ranked by profitability, making it easy to choose who to follow. With multiple copy modes and no limits on the number of providers, users retain full control and can enable or disable copy trading at any time with a single click.
Forex VPS
FP Markets offers a Virtual Private Server (VPS) in partnership with Liquidity Connect, giving traders a reliable 24/7 trading environment with low-latency connections. The service is free for those meeting the minimum trading volume of 10+ lots on Standard accounts or 20 lots on Raw accounts. The VPS connects seamlessly to the Equinix NY4 grid and can be accessed via Remote Desktop Connection (RDP) or mobile, allowing platforms to run nonstop without keeping your own computer switched on—ideal for automated trading systems.
Desktop Platforms
4/5
- MT4, MT5, and WebTrader platforms are available.
- TradingView, cTrader, and IRESS integration
- No proprietary platforms are offered.
- Advanced features and trading tools are available.
- Copy trading is available via MT4 and MT5
- Free VPS for qualified traders
Mobile Trading Platforms
All trading platforms offered by FP Markets are also available in mobile versions, giving traders full access to the same features and tools they would normally use on a desktop. The mobile trading platforms are designed with a clean and intuitive interface, making them simple to navigate even on smaller screens such as smartphones and tablets. Despite the compact design, they still bring the complete functionality of the desktop platforms, ensuring that you don’t miss out on any essential trading features while on the move. These mobile apps can be easily downloaded from both Google Play and the App Store, providing convenient access for Android and iOS users alike. With them, you can place trades, monitor open positions, manage your account, and stay connected to the market from anywhere, as long as you have a stable internet connection. This makes trading flexible and ensures you remain in control of your investments at all times.
Android | iOS | |
Minimum System Requirements | Android 11.0 and up | iOS 14.0 or later |
User Rating | 4.3/5 | N/A |
User Reviews | 182 reviews | N/A |
Supported Languages | English, Arabic, French, German, Greek, Indonesian, Italian, Korean, Malay, Portuguese, Simplified Chinese, Spanish, Thai, Vietnamese | English, Arabic, French, German, Greek, Indonesian, Italian, Korean, Malay, Portuguese, Simplified Chinese, Spanish, Thai, Vietnamese |
Forex Pairs | 70 | 70 |
Other Tradable Assets | CFDs on shares, metals, commodities, indices, crypto, ETFs | CFDs on shares, metals, commodities, indices, crypto, ETFs |
Features | Various order types, access to leading charting features and various technical indicators, smooth in-app deposits and withdrawals, 24/7 multilingual customer support | Various order types, Access to leading charting features and various technical indicators, smooth in-app deposits and withdrawals, 24/7 multilingual customer support |
Biometric Authentication | Yes | Yes |
2-Factor Authentication | Yes | Yes |
Mobile Trading
4/5
- Mobile versions of the supported trading platforms are available.
- The apps offer functionalities similar to those accessible through the desktop platforms.
- The mobile apps are compatible with Android and iOS.
- The mobile applications can be downloaded for free.
Trading Instruments
FP Markets provides traders with a good selection of financial instruments across different asset classes, including forex, equities, indices, commodities, futures, and cryptocurrencies. The broker’s product lineup is quite rich compared to rivals like OANDA and Fusion Markets.
Asset Class | FP Markets | Fusion Markets | OANDA | |
Forex | 70 | OK | 90 | 70 |
Indices | 19 | Fair | 11 | 15 |
Stocks | 10,000+ | Excellent | 11 | 0 |
Cryptocurrency | 12 | Good | 11 | 2 |
Commodities | 12 | Good | 10 | 9 |
Let us now take a closer look at the product list.
Forex
FP Markets offers nearly 70 currency pairs, including major, minor, and exotic options, available for trading 24/5. Professional and non-EU retail traders can access leverage up to 1:500, while EU retail traders are limited to 1:30. Spreads start from 0 pips, making trading costs highly competitive. All major pairs involve the US dollar as either the base or quote currency, such as EUR/USD, GBP/USD, and USD/JPY. To ensure tight spreads and reliable execution, FP Markets collaborates with leading global liquidity providers. The use of ECN order execution and transparent price feeds further enhances trading by delivering faster and more accurate order placements.
Stock CFDs
FP Markets gives traders access to over 10,000 Australian and international stock CFDs, along with CFDs on indices spanning four continents. This allows clients to trade shares of some of the world’s most renowned companies as well as equity index CFDs across major global markets, taking advantage of price movements in both rising and falling markets. The stock CFDs are sourced from exchanges in New York (NYSE & Nasdaq), London, Hong Kong, Paris, Frankfurt, Madrid, and Amsterdam, covering diverse industries such as technology, pharmaceuticals, aviation, and tourism.
Metals
FP Markets enables traders to access the precious metals market by offering gold and silver trading against major currencies like USD, EUR, GBP, SGD, and AUD at spot prices, with leverage of up to 1:20. Once an account is created, clients can start trading metals instantly. Through gold and silver CFDs, the broker provides exposure to global precious metal markets, allowing traders to benefit from price movements in these highly liquid assets.
Commodities
FP Markets is well-regarded for delivering a top-tier commodity trading experience, giving traders access to a wide range of commodity products. By trading commodity CFDs with FP Markets, clients benefit from global commodity pricing, ultra-fast execution, low slippage, deep liquidity, and tight spreads. The broker offers both hard and soft commodities, including crude oil, natural gas, heating oil, gasoline, wheat, rice, corn, soybeans, and coffee. Leverage options vary, with up to 1:10 available for EU retail traders and up to 1:500 for professional and non-EU traders, making it flexible for different trading needs.
Indices
FP Markets gives traders the opportunity to access global indices through CFDs, including some of the most popular ones like NASDAQ 100, S&P 500, DOW 30, FTSE 100, DAX 30, and many others. The broker also offers index futures CFDs from markets worldwide, with margins starting as low as 1%. Traders can even access the AUS200 cash index, where each point of movement in price equals AU$1, providing a straightforward way to measure potential gains or losses.
Cryptocurrencies
FP Markets also provides access to the cryptocurrency market, allowing traders to trade CFDs on the most popular digital assets. You can trade major cryptocurrencies like Bitcoin, Bitcoin Cash, XRP (Ripple), Litecoin, and Ethereum, all available against the USD. This gives traders exposure to the fast-moving crypto market without needing to directly own the underlying assets.
Futures Trading
FP Markets enables its clients to trade CFDs on a wide range of futures contracts, which are derivative instruments that allow parties to buy or sell an asset at a set price and date in the future. The broker offers futures CFDs across commodities, indices, and currencies, giving traders the flexibility to speculate on future price movements in multiple markets.
Traded Instruments
4/5
- A good range of tradable assets
- Competitive raw pricing on forex, equities, indices, commodities, futures, and cryptocurrencies.
Trade Execution
FP Markets uses an STP/ECN execution model, giving traders direct access to interbank pricing with ultra-fast execution and minimal slippage. The STP model reduces errors by minimizing human intervention, while ECN pricing streams quotes directly from liquidity providers to ensure deep liquidity and transparent pricing. This setup is ideal for strategies like scalping with Expert Advisors (EAs), as orders are matched and executed at the best available prices with very low latency.
For exchange-traded products like stocks, FP Markets offers DMA pricing via the IRESS platform. This provides live market prices, full market depth, and direct access to the exchange order book, allowing all client orders to be hedged in the underlying market. Traders also benefit from leverage, short selling, and competitive commissions.
Trade Execution
4/5
- ECN model of order execution
- Exceptional execution speed and ultra-low latency
Deposits
FP Markets supports multiple payment methods for funding live accounts, including credit and debit cards, e-wallets like Neteller, Skrill, and PayPal, online banking, and traditional bank transfers. The processing time for deposits depends on the payment method chosen, with some options offering near-instant funding while others may take longer.
Method | Processing Time |
Credit and Debit Cards by Visa or Mastercard | Instant processing |
PayPal | Instant processing |
Neteller | Instant processing |
Skrill | Instant processing |
UnionPay | Instant processing |
FasaPay | Instant processing |
BPAY | Processing time: 1 business day |
PayID | Processing time: 1 business day |
Wire Transfer | Processing time between 2 and 5 business days |
Deposits Methods
4/5
- Low minimum deposit requirements ($50)
- No fees charged on deposits
- A diverse selection of deposit options
Withdrawal Methods
FP Markets requires clients to submit all withdrawal requests through the Secure Client Area to ensure safe processing. The broker does not charge any additional fees for withdrawals made via credit and debit cards, domestic bank wires in AUD, and PayPal. However, some methods do come with specific charges. For example, Neteller withdrawals carry a fee of 1% up to $30, plus any applicable country fees, per transaction of $45,000. Skrill withdrawals are also charged at 1% plus country-specific fees. Paytrust88 (Local Bank Transfer) has a 1.5% fee, while OnlinePay withdrawals have a flat fee structure: $10 if the amount is below $500 and $3 if it exceeds $500.
In terms of processing times, debit and credit card withdrawals may take between 2 to 10 business days to reflect, depending on your jurisdiction and the policies of the receiving bank. On the other hand, withdrawals via e-wallets such as PayPal, Skrill, or Neteller are typically processed much faster, usually within 1 business day, making them the quicker option for accessing funds.
Withdrawal Methods
4/5
- Does not charge withdrawal fees for most of the supported methods.
- Timely processing of withdrawals (usually within 1 business day)
Customer Support Contacts
FP Markets works with a competent support team consisting of knowledgeable and responsive agents. The support team is available 24/7 and can be reached via any of the following contact channels:
Support Contact | Availability | Response |
Live Chat | 24/7 | Less than 30 seconds |
Telephone Line | 24/7 | Within several minutes |
24/7 | Within several hours | |
FAQs | 24/7 | On the website |
Live Chat: This is the fastest and most convenient way to contact a representative of the brokerage. It can be accessed via the Live Chat button on the website and facilitates real-time responses.
Telephone contact: The broker’s support team can be contacted over the phone only during local business hours, depending on the office location
- Limassol – +357 25 056 926; Fax: +357 25 589 201
- Sydney – +61 (0)2 8252 6800; Fax: +61 (0)2 8252 6899; Toll Free Number 1300 376 233
Email Contact:The broker provides traders with several email contacts for various inquiries:
- Account Opening: onboardingdesk@fpmarkets.eu
- Customer Support: supportdesk@fpmarkets.eu
- Funding & Withdrawals: backofficedesk@fpmarkets.eu
- Compliance: compliancedesk@fpmarkets.eu
- Complaints: complaints@fpmarkets.eu
- Trading Activity related: riskdesk@fpmarkets.eu
- New Enquiries: sales@fpmarkets.com
- Account Opening: onboardingdesk@fpmarkets.com
- Withdrawals: cash@fpmarkets.com
- Funding: accounts@fpmarkets.com
- Trading Activity related: risk@fpmarkets.com
- Customer Support: support@fpmarkets.com
FAQs: There is a comprehensive FAQ section on the broker’s website, providing answers to some of the clients’ most common questions.
Support Contact
4/5
- The live chat feature is very useful.
- An option to get in touch over the phone during local business hours
- Various email addresses for different types of queries
- A comprehensive FAQs section
Research and Educational Materials
The broker apparently understands that educational resources help customers make more informed trading decisions. As a result, FP Markets provides a good selection of research and learning materials on its website. Here are some of the available educational resources and market analysis tools you can anticipate to find here:
Autochartist: FP Markets enables traders to easily download the Autochartist MT4/MT5 plugin. This is an advanced technical analysis tool that enables users to identify trading opportunities in real-time. In addition, it provides real-time trade setups for beginner and experienced traders alike. Some of the key Autochartist features include trading signals delivered via email, mobile applications with push notifications within the client area, or on the MT4/MT5 platforms. The tool helps traders save time by continuously scanning the market for potential trading opportunities. It has quality visual indicators that help amateur traders interpret chart patterns.
Trading Glossary: This contains various trading terms, along with their detailed explanations.
Traders Hub: The Traders Hub is replete with diverse educational content. It features various technical and fundamental analyses from the broker’s team of industry experts.
Company News: This keeps traders up to date with the latest happenings in the financial markets.
Video Tutorials: There is a good selection of comprehensive video tutorials focused on all aspects of using the MetaTrader 4, MetaTrader 5, and IRESS platforms.
Research & Education
3/5
- A reasonable selection of learning resources
- Video tutorials are available.
- Autochartist, and other useful research and trading tools
Security and Money Guarantees
It’s crucial to trade with a well-regulated brokerage that prioritizes security and client protection. FP Markets is regulated by the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring it operates under strict guidelines and high transparency standards.
To safeguard clients, FP Markets holds customer funds in segregated accounts at top-tier banks, keeping them separate from the company’s own funds. Additionally, the broker provides negative balance protection, giving traders peace of mind that they cannot lose more than their deposited capital.
Security of Funds
3.5/5
- Client funds are kept in segregated accounts.
- Strict multi-jurisdictional regulations by ASIC, CySEC, and more
- Investor compensation of up to €20,000 under CySEC requirements
- Electronic verification is available at the ASIC entity.
- Negative balance protection
Conclusion
To wrap things up, the detailed review of FP Markets conducted by our expert team revealed that the broker is a good option for traders at all levels, including those looking to copy more seasoned traders. The broker is regulated by ASIC and CySEC and is also registered in Saint Vincent and the Grenadines, but does not provide licensing information for this jurisdiction. Some of the essential features of the broker include:
Deep interbank liquidity and competitive raw pricing
Exceptional ECN order execution with no dealing desk intervention and no requotes
No deposit fees and multiple account funding options
MetaTrader, TradingView, cTrader and IRESS platforms
A good range of useful trading tools
Several learning resources
Responsive 24/7 customer support
Multiple account types
Overall
4.5/5
- True ECN broker (fast execution and improved client trust)
- Competitive trading costs
- A good suite of trading platforms and tools
- Negative balance protection in Europe and Australia
- A good selection of educational resources
