FP Markets Review 2026: Fees, Accounts, Platforms & Regulation
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Quick verdict
Is FP Markets a good broker?
FP Markets is an Australian broker founded in 2005 that has built its reputation on ECN-style pricing, deep platform choice and top-tier regulation. Its Raw account is priced at 0.0 pips plus USD 3 per side, which puts it among the cheapest mainstream brokers for active forex traders, and it is one of the few brokers that runs MT4, MT5, cTrader and TradingView side by side. The main caveats are that leverage and investor protection depend on which of its seven regulated entities onboards you, and that the IRESS share-trading offer has a higher entry point than the CFD accounts.
Brokeradar editorial score: 4.8 out of 5. How we calculate scores
Best for
- ✓ Active forex traders who want raw spreads with a transparent USD 3 per side commission
- ✓ cTrader and TradingView users who want to keep their platform and get ECN pricing
- ✓ Traders who prioritise ASIC or CySEC oversight and segregated client funds
Consider first
- • Traders who want leverage above 1:30 while staying under the ASIC or CySEC entity (high leverage is only offered by the offshore entities)
- • Beginners who want a cent account: FP Markets' minimum lot is 0.01 with a $100 minimum deposit
- • Anyone who needs a compensation scheme under the Australian entity: ASIC does not operate one
FP Markets fees: Raw vs Standard account pricing
FP Markets offers two pricing models on MetaTrader. The Standard account is commission-free with spreads that FP Markets describes as higher than Raw because the broker's margin is built in; our dataset records EUR/USD from 1.0 pips. The Raw account has spreads from 0.0 pips and charges a commission that FP Markets publishes as 'as low as USD 3 each way', i.e. USD 6 round turn per standard lot, which matches our dataset.
On cTrader, FP Markets publishes its own fee schedule (commission is charged per million traded rather than per lot on many cTrader brokers), so check the cTrader fees page for the exact rate before assuming it equals the MT4/MT5 Raw commission. FP Markets states it does not charge inactivity fees, and our dataset records the same. Deposits are free for most methods according to FP Markets; some withdrawal methods (notably international bank wires) may carry bank charges.
| Account | EUR/USD spread from | Commission | Minimum deposit | Best for |
|---|---|---|---|---|
| Standard (MT4/MT5) | 1.0 pips (dataset) | None | $100 | Occasional traders, simpler cost view |
| Raw (MT4/MT5) | 0.0 pips | USD 3 per side / USD 6 round turn per lot | $100 | Scalpers, day traders, EAs |
| cTrader Raw | 0.0 pips | See FP Markets cTrader fee schedule | $100 | cTrader users |
| IRESS (share CFDs / DMA) | Market spread | Min $6 then 0.06% (dataset, Australian entity) | $1,000 (dataset) | Share traders wanting DMA |
Which is cheaper: Raw or Standard?
USD 6 round turn on a standard lot equals 0.6 pips on EUR/USD. If the Standard account's spread is more than 0.6 pips wider than Raw at the times you trade, Raw is cheaper. For most active traders on majors that is the case, which is why we point scalpers and day traders to Raw and reserve Standard for infrequent traders who prefer a single all-in spread.
Last checked September 3, 2026. Figures are as published by FP Markets or recorded in the Brokeradar dataset and can change; see sources.
FP Markets account types: who should open which
FP Markets keeps the account line-up short: Standard and Raw on MT4/MT5 (and the equivalent on cTrader and TradingView), plus IRESS accounts for share trading. Both CFD accounts share a $100 minimum deposit, 0.01 minimum lot size, market execution and the same instrument range. Our dataset records leverage up to 1:500 on the offshore entities; the ASIC and CySEC entities cap retail leverage at 1:30 on major forex pairs.
- Open a Raw account if you trade more than a few lots a month, use EAs or scalp: the USD 3 per side commission is almost always cheaper than the Standard spread mark-up
- Open a Standard account if you trade rarely and want one number (the spread) to think about
- Open an IRESS account only if you want DMA share trading; it has a $1,000 minimum in our dataset and is aimed at the Australian entity's clients
- Swap-free (Islamic) versions are available on request; our dataset marks swap-free as not a default feature, so confirm the terms for your entity
Last checked September 3, 2026. Figures are as published by FP Markets or recorded in the Brokeradar dataset and can change; see sources.
FP Markets platforms: MT4, MT5, cTrader and TradingView
FP Markets states that it offers six platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress and Mottai, across desktop and mobile. Our dataset records MT4, MT5, cTrader and TradingView. This is the broadest platform choice among the brokers we review: Exness and XM are MetaTrader-only, Tickmill adds TradingView but not cTrader, and JustMarkets is MetaTrader-only.
MT4 remains the workhorse for forex EAs. MT5 adds share CFDs and more timeframes. cTrader is the natural choice for traders who want depth-of-market and cleaner order handling on raw pricing. The TradingView integration lets you place orders from TradingView charts on an FP Markets account, which is the answer for traders who already pay for TradingView and want to avoid running two chart packages.
Last checked September 3, 2026. Figures are as published by FP Markets or recorded in the Brokeradar dataset and can change; see sources.
FP Markets regulation and safety by entity
FP Markets states that it is authorised by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), CMA (Kenya), FSC (Mauritius) and the Securities Commission of the Bahamas. We confirmed the Cyprus entity directly: First Prudential Markets Ltd is on the CySEC register with licence 371/18. FP Markets states that retail client funds are held separately from company money in leading banks and are never used for operating expenses; our dataset records segregated accounts held with top-tier Australian banks.
Investor protection depends on the entity. Our dataset records ICF coverage of up to EUR 20,000 for clients of the CySEC entity and no statutory compensation scheme for clients of the Australian entity (ASIC does not run one). Clients of the Seychelles, Mauritius, Bahamas and Kenyan entities should assume no statutory compensation fund unless the broker states otherwise for that entity. Our dataset lists the USA, Iran, North Korea, Syria and New Zealand as restricted.
| Regulator | Jurisdiction | Retail leverage | Compensation scheme |
|---|---|---|---|
| ASIC | Australia | 1:30 on major FX (ASIC cap) | None (ASIC has no scheme) |
| CySEC (First Prudential Markets Ltd, 371/18) | Cyprus / EU | 1:30 on major FX (ESMA cap) | ICF up to EUR 20,000 |
| FSCA | South Africa | Per entity terms | None recorded |
| FSA Seychelles, FSC Mauritius, SCB Bahamas, CMA Kenya | Offshore / local | Up to 1:500 (dataset) | None recorded |
Licences and legal entities
FP Markets operates through the legal entities below. Your protections depend on the entity that opens your account, not the brand.
First Prudential Markets Pty Ltd
Verified- Regulator
- ASIC
- Licence
- AFSL 286354
- Jurisdiction
- Australia
- Serves
- Australia
AFSL number confirmed on fpmarkets.com/regulation; ASIC Connect register not queried (JavaScript-only).
First Prudential Markets Ltd
Verified- Regulator
- CySEC
- Licence
- 371/18
- Jurisdiction
- Cyprus
- Serves
- EEA
Listed on the CySEC register as 'First Prudential Markets Ltd', licence date 19/11/2018.
FP Markets (Pty) Ltd
Verified- Regulator
- FSCA
- Licence
- FSP 50926
- Jurisdiction
- South Africa
- Serves
- South Africa
FSP number taken from fpmarkets.com/regulation; FSCA FSP search not queried.
FP Markets Limited
Verified- Regulator
- CMA Kenya
- Licence
- Licence No. 193
- Jurisdiction
- Kenya
- Serves
- Kenya
Confirmed on the CMA Kenya licensee register (non-dealing online forex broker). Third-party sites cite 'Licence No. 103', which is wrong.
First Prudential Markets Limited
Verified- Regulator
- FSA Seychelles
- Licence
- SD 130
- Jurisdiction
- Seychelles
- Serves
- International (non-EEA/AU) clients
Licence SD 130 per fpmarkets.com/fp-markets-group; name appears on the FSA Seychelles Securities Dealer list (Office 205, Waterside Property, Eden Island). The group also records a Saint Lucia company registration (2025-00853), which is not a licence.
What the headline figures refer to
- Spreads
- Raw account (0.0 pips + USD 3 per side) under the international entity (First Prudential Markets Limited, Seychelles).
- Leverage
- Up to 1:500 applies to the international entity only; ASIC and CySEC retail clients are capped at 1:30.
- Minimum deposit
- USD 100 (or currency equivalent) for MT4/MT5 accounts across entities.
- Bonuses
- No bonuses recorded; fpmarkets.com does not advertise deposit bonuses.
Sources
- FP Markets - Regulationchecked
- FP Markets - Islamic accounts (swap-free)checked
- FP Markets - Account typeschecked
- CySEC register - Cyprus Investment Firmschecked
- FSA Seychelles - Securities Dealer licenseeschecked
- CMA Kenya - Online forex broker licenseeschecked
Official site: www.fpmarkets.com. Licence details change; always confirm the entity named in your client agreement.
Last checked September 3, 2026. Figures are as published by FP Markets or recorded in the Brokeradar dataset and can change; see sources.
FP Markets deposits and withdrawals
Our dataset records credit and debit cards, bank wire, Neteller, Skrill, BPAY, POLi, PayPal and crypto (via Finrax) as deposit methods, with ten base currencies including USD, EUR, GBP, AUD and SGD. FP Markets' funding page lists methods by country. Withdrawals go back to the funding method first; international wire withdrawals may incur intermediary bank fees, so use an e-wallet or local method if you withdraw often.
Last checked September 3, 2026. Figures are as published by FP Markets or recorded in the Brokeradar dataset and can change; see sources.
Who should use FP Markets?
FP Markets is the strongest all-rounder in our directory for traders who care about execution cost and platform choice at the same time. If you want the lowest all-in cost on a Raw account with ASIC or CySEC oversight, it is hard to beat. If you want very high leverage, cent lots or a $5 entry point, Exness, JustMarkets or XM fit better. Compare FP Markets side by side with those brokers using the comparison links below.
Last checked September 3, 2026. Figures are as published by FP Markets or recorded in the Brokeradar dataset and can change; see sources.
FP Markets FAQ
Is FP Markets regulated?
Yes. FP Markets states it is authorised by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA Seychelles, CMA Kenya, FSC Mauritius and the Securities Commission of the Bahamas. Its Cyprus company, First Prudential Markets Ltd, appears on the CySEC register with licence 371/18.
What are FP Markets' fees?
On MetaTrader, the Standard account is commission-free with spreads recorded from 1.0 pips on EUR/USD, while the Raw account offers spreads from 0.0 pips plus USD 3 per side (USD 6 round turn) per standard lot. FP Markets states it charges no inactivity fees. cTrader has its own fee schedule on fpmarkets.com.
Raw or Standard: which FP Markets account should I choose?
Choose Raw if you trade actively, scalp or run EAs: the USD 6 round-turn commission equals 0.6 pips on EUR/USD, which is usually less than the Standard account's spread mark-up. Choose Standard if you trade rarely and prefer one all-in spread with no commission line.
Does FP Markets support cTrader and TradingView?
Yes. FP Markets states it offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress and Mottai across desktop and mobile.
What is the FP Markets minimum deposit?
FP Markets states you can open an MT4 or MT5 account with as little as $100. Our dataset records $1,000 for IRESS share-trading accounts.
Sources and last checked
Last checked September 3, 2026. We verify entity and licence details against official broker pages and regulator registers, and record dataset figures separately where an official page could not be re-confirmed.
- FP Markets account typeshttps://www.fpmarkets.com/account-types/
- FP Markets forex account types (Raw vs Standard)https://www.fpmarkets.com/account-types/forex-account-types/
- FP Markets MT4/MT5 fees and chargeshttps://www.fpmarkets.com/mt4-5-fees-charges/
- FP Markets cTrader fees and chargeshttps://www.fpmarkets.com/ctrader-fees-and-charges/
- FP Markets regulationhttps://www.fpmarkets.com/regulation/
- FP Markets trading platformshttps://www.fpmarkets.com/platforms/
- FP Markets fundinghttps://www.fpmarkets.com/funding/
- CySEC register: First Prudential Markets Ltd, licence 371/18https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/
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