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FP Markets Review 2026
FP Markets is a strong all-rounder for MT4/MT5 traders, offering competitive raw spreads, 10,000+ instruments, and solid ASIC/CySEC regulation.
Score Breakdown
Pros & Cons
Pros
- Ultra-tight raw spreads from 0.0 pips
- 10,000+ tradeable instruments including DMA shares
- MT4, MT5, cTrader, and TradingView all available
- No inactivity fees
- ASIC and CySEC regulated
- Free VPS for qualifying traders
Cons
- $100 minimum deposit
- Education resources are average
- No proprietary platform
- Support limited to 24/5
Account Types
| Account | Min. Deposit | Spread Type | Spread From | Commission | Max Leverage |
|---|---|---|---|---|---|
| Standard | $100 | variable | 1.00 pips | None | 1:500 |
| Raw | $100 | raw | 0.00 pips | $6.00/lot | 1:500 |
Regulatory Licenses
| Regulator | Country | Tier | License | Entity |
|---|---|---|---|---|
| ASIC | Australia | Tier 1 | 286354 | First Prudential Markets Pty Ltd |
| CySEC | Cyprus | Tier 2 | 371/18 | First Prudential Markets Ltd |
| FSCA | South Africa | Tier 2 | 50926 | First Prudential Markets (Pty) Ltd |
| FSA (Seychelles) | Seychelles | Tier 3 | SD096 | FP Markets LLC |
Platform & Features
Full Review
FP Markets scores 83.4 out of 100, placing it in the top five of our audit. Founded in 2005 in Sydney, it combines tight raw spreads (0.10 pips average on EUR/USD), four platform options, and a massive instrument range of 10,000+ products including DMA share CFDs. ASIC and CySEC regulation provides solid oversight. It's a strong pick for intermediate to advanced traders who want low costs and wide market access.
Overall Score: 83.4 / 100
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FP Markets at a Glance
| Detail | Value |
|---|---|
| Founded | 2005 |
| Headquarters | Sydney, Australia |
| Top Regulators | ASIC, CySEC |
| Min. Deposit | $100 |
| EUR/USD Avg. Spread | 0.10 pips (Raw) |
| Commission (Raw) | $6 per lot round-turn |
| Max Leverage (Retail) | 1:30 (EU/AU), 1:500 (international) |
| Platforms | MT4, MT5, cTrader, TradingView |
| Instruments | 10,000+ |
| Inactivity Fee | None |
Score Breakdown
| Category | Score | Weight |
|---|---|---|
| Regulation & Trust | 82 / 100 | 25% |
| Trading Costs | 92 / 100 | 20% |
| Platforms & Tools | 90 / 100 | 15% |
| Account Conditions | 80 / 100 | 10% |
| Deposit & Withdrawal | 82 / 100 | 10% |
| Customer Support | 78 / 100 | 10% |
| Education & Research | 70 / 100 | 10% |
| Overall | 83.4 / 100 |
Trading Costs at 92 and Platforms & Tools at 90 are both top-tier scores. FP Markets matches the spread performance of IC Markets and Pepperstone while offering a larger instrument range than Pepperstone (10,000+ vs 1,200+). Education at 70 is the weak spot.
Regulation & Safety
| Regulator | Tier | License | Entity |
|---|---|---|---|
| ASIC (Australia) | Tier 1 | 286354 | First Prudential Markets Pty Ltd |
| CySEC (Cyprus) | Tier 2 | 371/18 | First Prudential Markets Ltd |
| FSCA (South Africa) | Tier 2 | 50926 | First Prudential Markets (Pty) Ltd |
| FSA Seychelles | Tier 3 | SD096 | FP Markets LLC |
ASIC is the anchor license. CySEC provides EU access with MiFID II protections. International clients may be served through the Seychelles entity with lighter regulation. The regulatory profile is solid but doesn't reach the Tier 1 depth of IG or OANDA.
Negative balance protection, segregated funds, and investor compensation (up to EUR 20,000 for CySEC clients) are provided. FP Markets is not publicly listed and has been operating for 20+ years.
Trading Costs
Spreads
| Pair | Raw Avg. | Standard Avg. |
|---|---|---|
| EUR/USD | 0.10 pips | 1.00 pips |
| GBP/USD | 0.40 pips | 1.30 pips |
| USD/JPY | 0.30 pips | 1.00 pips |
The raw spreads tie with IC Markets and Pepperstone for the tightest in our audit. At $6 per lot round-turn commission on the Raw account, FP Markets is $1 cheaper per trade than Pepperstone and IC Markets (MT4/MT5) at $7.
Other Fees
- Inactivity fee: None
- Deposit fees: Free
- Withdrawal fees: Free (bank transfer may incur bank-side fees)
Clean fee structure. No inactivity fee is a plus.
Account Types
| Feature | Standard | Raw |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Spread From | 1.00 pips | 0.00 pips |
| Commission/Lot | $0 | $6.00 |
| Max Leverage | 1:500* | 1:500* |
*1:30 under ASIC/CySEC for retail clients.
Demo accounts, Islamic accounts, and micro lot trading available. The $100 minimum is moderate.
Trading Platforms & Tools
FP Markets offers MT4, MT5, cTrader, and TradingView. That's the same platform lineup as Pepperstone and a key differentiator from brokers that only offer MetaTrader.
cTrader is particularly well-implemented, with cAlgo support for automated strategies. TradingView integration is a more recent addition.
API trading is available. VPS hosting is free for qualifying traders. Copy trading through Myfxbook integration.
The 10,000+ instrument range is worth highlighting. This includes DMA share CFDs for Australian and international stocks, giving FP Markets a much wider product offering than most forex-focused brokers.
Education & Research
Education is FP Markets' weakest area. Webinars, market analysis, trading signals, economic calendar, and calculators are available. But there are no structured trading courses, and the video tutorial library is modest. For learning resources, XM or AvaTrade are better choices.
Final Verdict
FP Markets deserves more attention than it gets. It matches IC Markets and Pepperstone on raw spreads, undercuts them on commission ($6 vs $7/lot), and offers a massive 10,000+ instrument range that includes DMA share trading. The platform selection (MT4, MT5, cTrader, TradingView) is top-tier.
The weaker areas are education and brand recognition. FP Markets doesn't invest as heavily in learning content, and it doesn't have the marketing presence of larger competitors. But for traders who care about costs, platforms, and market access more than beginner tutorials, FP Markets is one of the best values in our review.
It ranks #3 in our low spread rankings and #4 for scalping.
Compare FP Markets with other brokers | See our low spread broker rankings
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Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026
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