📊 Overall Summary
FP Markets is a globally recognized online broker offering a wide range of trading instruments across forex, shares, indices, commodities, and cryptocurrencies. Established in 2005, FP Markets is known for its tight spreads, fast execution speeds, and deep liquidity through an ECN (Electronic Communication Network) pricing model.
With strong regulatory oversight from ASIC (Australia) and CySEC (Cyprus), FP Markets ensures high security and transparency for its traders. The broker provides multiple platform options, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView, catering to both beginners and experienced traders.
FP Markets supports various account types, including Standard and Raw ECN accounts, to meet different trading needs. It also offers an extensive range of research tools, educational content, and customer support in multiple languages. Traders can access leverage up to 1:500 (depending on their region) and benefit from an intuitive mobile trading app for on-the-go trading.
With a strong reputation for reliability, low-cost trading, and excellent client support, FP Markets is a solid choice for traders looking for a comprehensive and professional trading environment.
| Feature | Details |
|---|---|
| Overall Score |  4.5/5 (Highly Trusted) |
| Trust Pilot Score |  4.9/5 (Highly Trusted) |
| Regulation | Regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) |
| Minimum Deposit | $100 (Standard Account) |
| Trading Platforms | MT4, MT5, cTrader, TradingView, IRESS, Mobile App |
| Range of Investments | Forex, shares, indices, commodities, cryptocurrencies, ETFs, bonds |
| Inactivity Fee | No inactivity fees |
| Leverage | Up to 1:500 (based on region) |
| Client Fund Protection | Segregated accounts, negative balance protection |
👍👎 Pros & Cons
FP Markets has established itself as a top-tier broker, offering traders numerous advantages while also having a few areas for improvement. Its competitive ECN pricing ensures tight spreads, making it attractive for scalpers and high-frequency traders. Additionally, multiple platform choices—including MetaTrader, cTrader, and TradingView—give traders flexibility in executing their strategies.
A major strength of FP Markets is its strong regulatory framework and client fund protection policies. The broker ensures transparency through segregated accounts, giving traders peace of mind. The availability of a wide range of trading instruments also makes it a versatile broker for both forex and CFD traders.
However, FP Markets does have some drawbacks. The minimum deposit for IRESS accounts is significantly higher than standard forex accounts, which may not be ideal for all traders. Additionally, while the research tools are extensive, the proprietary platform’s charting features may lack the depth found in industry-leading solutions.
| Pros | Cons |
|---|---|
| Tight ECN spreads and fast execution speeds | High minimum deposit for IRESS accounts |
| Multiple platform choices (MT4, MT5, cTrader, TradingView) | Limited product range for non-CFD markets |
| Regulated by ASIC, CySEC, and FSCA | Educational resources could be more extensive |
| Strong client fund protection | No fixed spread accounts |
| Advanced research and analytical tools | Limited availability in certain regions |
📜 Licenses
FP Markets is a fully regulated broker, ensuring high levels of security and compliance with financial authorities. The broker operates under multiple licenses from globally recognized regulatory bodies, including ASIC (Australia), CySEC (Cyprus), and FSCA (South Africa). These licenses ensure that FP Markets follows strict financial standards, offering traders a transparent and secure trading environment.
Regulation is crucial when selecting a broker, as it guarantees that client funds are protected, trading conditions are fair, and the company adheres to legal guidelines. FP Markets provides additional safety measures such as segregated client accounts, negative balance protection, and compliance with stringent audit processes.
Traders should note that regulations may vary by region, affecting available leverage, trading conditions, and investor protection policies. For example, ASIC imposes leverage limits for retail traders, while international clients may access higher leverage options.
| Regulator | Jurisdiction | Key Protections |
|---|---|---|
| ASIC | Australia | Client fund segregation, investor compensation schemes, and strict financial oversight |
| CySEC | Cyprus | EU regulations, MiFID II compliance, and negative balance protection |
| FSCA | South Africa | Investor fund protection and regulatory compliance |
| FSA | St. Vincent & The Grenadines | Offshore trading entity for international clients |
💼 Range of Investments
FP Markets offers a diverse selection of tradable assets, making it suitable for traders who want to diversify their portfolios. The broker provides access to forex, indices, commodities, shares, cryptocurrencies, bonds, and ETFs through CFDs.
With over 10,000+ financial instruments, FP Markets ensures that traders can explore multiple asset classes within a single platform. The availability of forex pairs is extensive, including majors, minors, and exotic pairs. Additionally, traders can invest in global indices like the S&P 500, NASDAQ, and FTSE 100, alongside commodities such as gold, silver, crude oil, and natural gas.
Cryptocurrency trading is another strong point, offering CFD access to popular digital assets like Bitcoin, Ethereum, and Ripple. Traders looking for traditional financial products can trade share CFDs from major exchanges such as the NYSE, NASDAQ, and ASX.
| Asset Class | Available? | Details |
|---|---|---|
| Forex | ✅ Yes | 60+ currency pairs, including major, minor, and exotic pairs |
| Indices | ✅ Yes | Global indices covering US, European, and Asian markets |
| Commodities | ✅ Yes | Metals, energy products, and agricultural commodities |
| Stocks (CFDs) | ✅ Yes | CFDs on shares from major global exchanges |
| Cryptocurrencies | ✅ Yes | Bitcoin, Ethereum, Litecoin, and more |
| ETFs & Bonds | ✅ Yes | CFDs on exchange-traded funds and government bonds |
💰 Commissions & Fees
FP Markets is known for its competitive pricing model, offering both Raw ECN accounts (with ultra-tight spreads and commission-based trading) and Standard accounts (spread-only pricing). This flexibility allows traders to choose a structure that best suits their trading style.
For forex trading, the Raw ECN account offers spreads starting from 0.0 pips, with a commission of $3 per lot per side. The Standard account, on the other hand, is commission-free but features slightly wider spreads, starting from 1.0 pips.
There are no deposit or withdrawal fees for most payment methods, but traders should check for third-party bank charges. FP Markets also does not charge inactivity fees, making it an ideal broker for both active and occasional traders.
| Fee Type | Details |
|---|---|
| Trading Costs | Raw ECN spreads from 0.0 pips with commissions ($3 per lot per side) or Standard account with spreads from 1.0 pips |
| Options Trading | No separate commission, embedded within spread pricing |
| Inactivity Fee | None |
| Deposit/Withdrawal Fees | No fees from FP Markets (third-party charges may apply) |
📱 Mobile Trading Apps
FP Markets offers a feature-rich mobile trading experience, ensuring that traders can manage their portfolios efficiently while on the move. The mobile apps for MT4, MT5, and cTrader provide real-time charting, multiple order types, and account management functionalities.
A standout feature is the proprietary FP Markets Mobile App, designed for simplified trading with an intuitive interface. This app includes advanced order execution, built-in market analysis tools, and direct access to customer support.
Although mobile trading is convenient, traders may find certain advanced features—such as algorithmic trading and complex indicators—more effective on desktop platforms.
| Feature | Details |
|---|---|
| Platforms | Mobile apps available for iOS and Android (MT4, MT5, cTrader, FP Markets app) |
| Charting Tools | Advanced charts with indicators, drawing tools, and customizable layouts |
| Order Types | Market, limit, stop orders, and trailing stops |
| Limitations | Some advanced desktop features may not be available on mobile |
🖥️ Other Trading Platforms
FP Markets provides a wide selection of trading platforms to accommodate different trading styles. The broker supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, and IRESS, catering to forex, CFD, and professional traders.
MT4 and MT5 remain popular due to their algorithmic trading capabilities, technical indicators, and Expert Advisors (EAs). Meanwhile, cTrader is favored for its modern interface and depth of market (DOM) functionality. For professional traders, IRESS offers direct market access (DMA) for equities trading.
| Platform | Details |
|---|---|
| MT4 | Industry-leading forex trading platform with automated trading (EAs) |
| MT5 | Advanced version with additional order types and timeframes |
| cTrader | ECN-friendly, with a modern design and deep market visibility |
| TradingView | Web-based charting and analysis tool with social trading features |
| IRESS | Advanced platform for professional traders needing DMA execution |
🔍 Research & Analysis
FP Markets provides a comprehensive suite of research tools and market analysis, helping traders make informed decisions. The broker offers daily market news, real-time trading signals, economic calendars, and expert insights through webinars and reports.
The integration of Trading Central offers additional market research, technical indicators, and fundamental analysis reports, enhancing FP Markets’ educational resources.
| Tool/Resource | Details |
|---|---|
| Market News | Daily updates covering global markets and economic events |
| Trading Signals | Real-time technical signals integrated into trading platforms |
| Research Reports | Expert insights covering forex, stocks, and commodities |
| Webinars | Live sessions with professional analysts providing forecasts |
🎯 Why Choose FP Markets?
- Competitive Pricing – Tight ECN spreads with commission-based or spread-only pricing.
- Multiple Platform Options – MT4, MT5, cTrader, TradingView, and IRESS.
- Diverse Asset Range – Trade forex, shares, indices, commodities, cryptocurrencies, and ETFs.
- Strong Regulation – ASIC, CySEC, and FSCA regulated for security and transparency.
- Award-Winning Support – 24/7 customer service and comprehensive research tools.
✔️ Final Recommendations
- Ideal For: Traders seeking ultra-low spreads, fast execution, and advanced trading platforms.
- Best For: Forex and CFD traders who prioritize ECN trading and regulatory protection.
- Overall Verdict: FP Markets is a reliable broker with strong global recognition, making it a top choice for traders of all experience levels.
