First Prudential Markets (FP Markets) is a Forex broker regulated by multiple financial authorities, including ASIC, CySEC, SVG FSA, FSCA, and FSC.
This broker offers 2 main account types, Standard and RAW, with floating spreads from 0.0 pips and a minimum deposit of $50.

FP Markets Company Info and Regulation
FP Markets, established in 2005, is a multi-regulated Australian brokerage known for its diverse product range and institutional-grade trading conditions. The company's commitment to providing a secure and transparent trading environment is evident through its regulatory compliance. FP Markets regulations:
- ASIC
- CySEC
- FSA (Saint Vincent and Grenadines)
- FSA (Seychelles)
- FSCA
- FSC
FP Markets ensures client safety and regulatory transparency by operating under two top-tier financial regulators, ASIC in Australia and CySEC in Cyprus.

These regulatory oversights ensure that FP Markets adheres to strict financial standards, including segregation of client funds and regular audits.
FP Markets Broker Summary
Let's take a quick look at the key features of FP Markets:
Broker | FP Markets |
Account Types | Standard, RAW |
Regulating Authorities | ASIC, CySEC, FSC, FSCA, FSA |
Based Currencies | AUD, EUR, USD, GBP, CHF, JPY, ZAR, MXN, BRL, SGD, CAD, HKD |
Minimum Deposit | $50 |
Deposit Methods | Visa and Master card, Skrill, PayPal, Neteller, Bank Transfer |
Withdrawal Methods | Visa and Master card, Skrill, PayPal, Neteller, Bank Transfer |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:500 |
Investment Options | Copy trade, Algo trade, PAMM, MAMM |
Trading Platforms & Apps | MT4, MT5, cTrader |
Markets | Forex, CFDs, ETFs, indices, commodities, metals, cryptocurrencies, stocks |
Spread | From 0.0 pips |
Commission | $3 |
Orders Execution | Instant |
Margin Call/Stop Out | 100%/50% |
Trading Features | Demo account, Forex calculator, economic calendar |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, live chat, phone support, call back |
Customer Support Hours | 24/7 |
FP Markets Account Types
FP Markets offers 2 main account types to suit different trading needs:
Feature | Standard account | RAW Account |
Spread | From 1.0 pips | From 0.0 pips |
Commission | 0 | $3 |
Minimum deposit | $50 | $50 |
Maximum leverage | 1:30 | 1:30 |
Trading Platform | MT4, MT5, cTrader | MT4, MT5, cTrader |
Each account type comes with its unique features, allowing traders to choose based on their trading strategies, risk appetite, and experience level. It’s worth mentioning that FP Markets also offers a professional account with increased leverage options up to 1:500.
While high leverage increases potential returns, it also amplifies risk. FP Markets promotes responsible trading through negative balance protection and detailed risk disclosures.

Both accounts require a minimum deposit of $50, and Islamic (swap-free) versions are available upon request.
Advantages and Disadvantages of FP Markets Broker
Let's weigh the pros and cons of trading with FP Markets:
Advantages | Disadvantages |
Regulated by top-tier authorities | No proprietary trading platform |
Tight spreads | Not available to US clients |
Wide range of trading instruments | - |
Various trading platforms | - |
A diverse range of educational content | - |
FP Markets Account Opening and Verification Process
The FP Markets registration takes approximately 5 to 10 minutes and involves identity details, financial disclosures, and trading preferences.
During registration, users select their account type, set their preferred leverage option, and choose between the MetaTrader 4 and MetaTrader 5 platforms, all while confirming compliance and trading experience.
#1 Start the Live Account Application
Head to the FP Markets official website and click “Open Live” to begin creating your account.
#2 Fill in Personal Information
Fill out the application form with the following details:
- Full name and email
- Country and citizenship
- Phone number and preferred language
- Account type
Click “Save and Next”.
#3 Add Address & Financial Profile
Provide your residential details and financial profile, including:
- Full residential address and ZIP code
- Date of birth
- Employment and financial background
Click “Save and Next”.
#4 Select Trading Setup
Now it's time to adjust your trading account's settings:
- Platform (MetaTrader 4 or 5)
- Account type and base currency
- Leverage
- Password
#5 Confirm Experience & Accept Terms
Specify your trading experience, agree to the terms and conditions, and click “Accept and Open Account”.
#6 Proceed with the KYC Procedure
To initiate the FP Markets verification process, navigate to the KYC section through the client area and upload supporting documents, including:
- Proof of Identity: Passport or Residence permit
- Proof of Address: Utility bill or Tenancy certificate
The verification process typically takes 24 hours.
Trading Platforms in FP Markets broker
FP Markets offers a variety of popular trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
FP Markets MetaTrader 4 (MT4)
MetaTrader is the most well-known Forex trading platform in the world. Some of its key features include
- Customizable interface
- Over 20 technical analysis tools and indicators
- Available for desktop, web, and mobile
- Custom Indicators
Links:

FP Markets MetaTrader 5 (MT5)
MetaTrader 5 is a more advanced trading platform suitable for modern traders. Key features include:
- 21 timeframes and advanced analytical objects
- Integrated economic calendar
- Over 20 built-in indicators
- Wide range of tradable instruments, including indices, bonds, and cryptocurrencies
Links:
TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.
FP Markets cTrader
cTrader is an ultra-modern trading platform that has been operating since 2011. Key features of trading in FP Markets with cTrader include:
- Designed for ECN trading
- Advanced charting and order management
- Suitable for both beginners and professionals
Links:
This multi-platform approach empowers users with the flexibility to choose trading tools that match their strategy, from manual to automated trading.
FP Markets Spreads and Commissions
FP Markets is known for its competitive pricing structure:
- Standard Account: Spreads from 1.0 pips, no commission
- Raw Spread Account: Spreads from 0.0 pips, $3 commission per lot
The actual spreads may vary depending on market conditions and the specific instrument being traded. It's worth noting that FP Markets' low spreads and commissions make it an attractive option for both novice and experienced traders.
FP Markets Deposit & Withdrawal
The broker offers several payment options, including cryptocurrencies and PayPal. FP Markets deposit and withdrawal methods:
- Credit and Debit
- PayPal
- Bank Transfer
- Skrill
- Neteller
Here's how you can deposit funds to your trading account:
- Log in to your client area;
- Choose the deposit menu;
- Select your preferred funding methods;
- Enter the deposit amount;
- Complete the transaction process.
FP Markets charges no fees for deposits or withdrawals; however, third-party fees, such as blockchain network costs, may apply.

Copy Trading & Investment Options in FP Markets
When it comes to investment options, FP Markets offers a wide range of solutions, from copy trading to PAM and MAM accounts.
- Algo Trading: Algorithmic trading is done through Expert Advisors in FP Markets trading platforms. Traders run the programs to trade 24/7 without human interference;
- Copy Trading: Traders can join FP Markets' proprietary platform “Social Trading” to choose from profitable traders and copy their trades with a low fee;
- PAM and MAMM Accounts: Traders can let trusted account managers buy and sell assets with tier money and share a portion of the profit with them.
FP Markets Tradable Instruments
FP Markets offers a wide range of over 10,000 tradable instruments across seven asset classes, from the Forex market to ETFs and digital assets.
- Forex: Over 60 currency pairs
- Stocks: 650+ CFDs on shares from major global exchanges
- Indices: 15 global stock indices
- Commodities: Coffee, corn, natural gas, and more
- Cryptocurrencies: Bitcoin, Ethereum, Ripple and other popular coins
- ETFs: 200+ ETF CFDs
- Metals: Gold, silver, oil, and more

Bonuses and Promotions in FP Markets Broker
FP Markets occasionally offers bonuses and promotions to new and existing clients. This broker currently offers an exciting referral program for existing traders. By sharing their links with friends and family, traders can earn up to $800 CPA for affiliates.
It's important to note that bonuses and promotions are subject to change and may have specific terms and conditions. Always check the official website for the most up-to-date offers.
FP Markets Support
Now it’s time to cover support channels in our FP Markets review.
Support channel | Details |
Call back | FP Markets call back request |
Live chat | Available 24/7 |
Phone support | +357 25 056 926 |
Email support | supportdesk@fpmarkets.eu |
The broker's commitment to customer satisfaction is evident in its responsive and knowledgeable support team.
FP Markets Banned Countries
FP Markets does not accept clients from certain jurisdictions due to regulatory restrictions. Some notable restricted countries include:
- USA
- Japan
- New Zealand
- Belgium
- Iraq
- Iran
- Syria
- North Korea
Always verify your eligibility to open an account based on your country of residence.

FP Markets Trust Scores
FP Markets has garnered positive reviews from many traders.
Trustpilot | 4.8 |
ForexPeaceArmy | 2.9 |
2.8 |
Traders often praise FP Markets for its:
- Competitive pricing
- Fast execution
- Responsive customer support
- Wide range of trading instruments
FP Markets Broker Education Materials
FP Markets offers various educational resources. From detailed videos on YouTube to a Trading Glossary, FP Markets covers everything a trader needs to start their journey.
While the educational content is informative, some traders feel it could be more comprehensive compared to other leading brokers.
You can also check TradingFinder's Forex education section for additional resources.
FP Markets Comparison Table
A comprehensive comparison between FP Markets and other top brokers:
Parameter | FP Markets Broker | XM Broker | Exness Broker | FxPro Broker |
Regulation | ASIC, CySEC, FSC, FSCA, FSA | ASIC, FSC, DFSA, CySEC | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FCA, FSCA, CySEC, SCB |
Minimum Spread | From 0.0 Pips | From 0.6 Pips | From 0.0 Pips | From 0.0 Pips |
Commission | $3 | $0 (except on Shares account) | From $0.2 to USD 3.5 | From $0 |
Minimum Deposit | $50 | $5 | $10 | $100 |
Maximum Leverage | 1:500 | 1:1000 | Unlimited | 1:500 |
Trading Platforms | MT4, MT5, cTrader | MT4, MT5, Mobile App | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, cTrader, Web Trader, Mobile App |
Account Types | Standard, RAW | Micro, Standard, Ultra Low, Shares | Standard, Standard Cent, Pro, Raw Spread, Zero | Standard, Pro, Raw+, Elite |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 10,000+ | 1400+ | 200+ | 2100+ |
Trade Execution | Instant | Market, Instant | Market, Instant | Market, Pending |
Trading Finder Expert Suggestion
With competitive commissions starting at $3.0, a maximum leverage of 1:500, and a variety of investment options (copy trade, algo trade, PAMM, MAMM), FP Markets provides great trading conditions for traders worldwide.
Meanwhile, the low trust score on ForexPeaceArmy (2.9/5) and Reviews.io (2.8) websites might raise some concerns about the quality of services on the platform.