FP Markets Review

If your shortlist is driven by software, FP Markets deserves a close look. This FP Markets review examines an Australian broker that supports almost every mainstream retail platform, prices its Raw account aggressively, and has quietly grown from a Sydney niche player into a global operation over two decades.

Background

FP Markets, whose regulated companies trade under the First Prudential Markets name, was founded in Sydney in 2005. It built its early reputation among Australian active traders and later expanded into Europe, Africa, Asia and Latin America through a series of locally licensed subsidiaries. The firm now reports over 200,000 active traders, a staff of roughly 270 and a large network of affiliates and introducing brokers. It remains privately held.

Regulatory Set-Up

The broker’s flagship licence is its Australian financial services licence from ASIC (AFSL 286354), held by First Prudential Markets Pty Ltd. European clients are served by First Prudential Markets Ltd, regulated by CySEC (licence 371/18), with access to the Cyprus Investor Compensation Fund up to €20,000. Further entities include FP Markets (Pty) Ltd in South Africa (FSCA FSP 50926), First Prudential Markets Limited in the Seychelles (FSA licence SD130), a Mauritius FSC-licensed company and a Kenyan entity under the Capital Markets Authority.

That structure matters. The global website is operated by the Seychelles entity, so international clients who sign up there get offshore-level protection, while Australians and Europeans receive local safeguards including 1:30 retail leverage caps. All entities hold client money in segregated accounts and provide negative balance protection.

Platform Breadth

Few brokers match this line-up:

• MetaTrader 4 and 5, with expert advisors, hedging and scalping permitted.
• cTrader for Raw-spread accounts, including cTrader’s own copy and automation features.
• TradingView, so clients can trade directly from TradingView charts.
• WebTrader and the FP Markets mobile app for browser and phone access.

Supporting tools include Autochartist, VPS hosting, a Traders Toolbox add-on pack, Myfxbook integration and MAM/PAMM solutions for money managers. Copy trading is available on MetaTrader and through the FP Markets app.

Two Accounts, Clear Pricing

The Standard account is spread-only, starting around 1.0 pip with no commission. The Raw account offers spreads from 0.0 pips plus $3 per side per standard lot on a USD account, or $6 round turn. Both carry a minimum deposit of about $100 (AU$100 for Australian clients), and swap-free Islamic versions of each are offered. Minimum trade size is 0.01 lots, and maximum leverage reaches 1:500 under offshore entities, depending on the instrument. There is no inactivity fee, which helps part-time traders.

Markets

Instruments span forex majors, minors and exotics, share CFDs, around ten major indices, metals, energies and other commodities, cryptocurrency CFDs, bonds and ETFs. The share CFD list is especially large on MetaTrader 5, making the broker workable for those who want to mix currency trading with equities. Commodity CFDs such as gold, silver and oil are available with leverage that can reach 1:500 under offshore entities, though sensible traders will use far less.

Deposits and Withdrawals

Cards, bank transfer, PayPal, Skrill, Neteller and numerous regional processors are supported. FP Markets does not charge its own fees on most methods, but several offshore payment options pass on processor charges, for example around 1% on Neteller and Skrill and higher percentages on some local bank and voucher services. Withdrawals are generally processed within one to two business days. Check the fee table for your entity before choosing a method.

Who Should Consider It

FP Markets is well suited to active traders who want raw-spread pricing and the freedom to choose between MetaTrader, cTrader and TradingView, along with regulation from ASIC or CySEC. Traders onboarded offshore should read the payment-fee schedule carefully, and anyone needing guaranteed stops will need to look elsewhere.

CFDs are complex leveraged instruments, and losses can exceed what many newcomers expect.

FP Markets FAQ

Risk warning: Trading forex and CFDs on margin carries a high level of risk. Bonus terms are set by each broker and may change; always check the broker's official terms before claiming.