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FP Markets Review 2025

FP Markets Review 2025
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Your Capital is at risk.
Company:FP Markets
Founded:2024
Min Deposit:$50
Max Leverage:500
Headquarter:

Sydney

US Accepted:
Demo account Economic calendar Islamic account Forex calculator

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
FP Markets (First Prudential Markets Ltd) is a Cyprus-based Forex and CFD broker operating under authorities like CySEC, ASIC, and FSCA. This broker provides access to over 1,000 instruments with spreads starting from 0.0 pips.
Contact
House Level 5/10 Bridge St, Sydney NSW 2000, Australia
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Regulated by top-tier authorities
Tight spreads
Wide range of trading instruments
diverse range of educational content
Cons
No proprietary trading platform
Not available to US clients
score of blog
4.2 From 5.0
(6)
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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.

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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.

FP Markets CySEC regulation document
FP Markets CySEC number is 371/18

These regulatory oversights ensure that FP Markets adheres to strict financial standards, including segregation of client funds and regular audits.

Entity Parameters/Branches

First Prudential Markets PTY Ltd

First Prudential Markets Ltd

FP Markets (Pty) Ltd

FP Markets Limited

FP Markets Ltd


First Prudential Markets Limited

FP Markets LLC

Regulation

ASIC

CySEC

FSCA

CMA

FSC

FSA

FSA

Regulation Tier

1

1

2

2

3

3

3

Country

Sydney, Australia

Limassol, Cyprus

South Africa

Kenya

Cook Islands

Seychelles

Saint Vincent and the Grenadines

Investor Protection Fund/ Compensation Scheme

No

Up to €20,000 under ICF

Up to €20,000 under Financial Commission

Up to €20,000 under Financial Commission

Up to €20,000 under Financial Commission

Up to €20,000 under Financial Commission

Up to €20,000 under Financial Commission

Segregated Funds

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Negative Balance Protection

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Maximum Leverage

1:30

1:30

1:2000

1:400

1:3000

1:2000

1:3000

Client Eligibility

Only Australia

Only EU/EEA Residents

Only South Africa

Only Kenya

Global

Global

Global

CEO of FP Markets

Craig Allison is a multi-lingual senior executive, currently Head ofEurope, Middle-East & Africa at FP Markets, with a strong track record in expanding business across international markets.

He specializes in strategic and digital marketing, operational performance, and legal governance.

A qualified solicitor with a PGDL/LPC in Banking, Corporate, Finance, and Securities Law from BPP Law School, he began his career at a leading global law firm before moving into senior leadership roles in financial services and sports marketing.

His expertise includes negotiating complex commercial agreements and building high-value partnerships.

CEO of FP Markets receiving a financial industry award
FP Markets’ CEO pictured while accepting an award at an international financial event

Allison has held key positions at FP Markets, CSM Sport & Entertainment – iLUKA, and Wing Ltd., leading multi-disciplinary teams and driving measurable results.

His skills span financial services, CFD brokerage and forex trading, strategic planning, and regulatory compliance.

You can explore 

You can explore Craig Allison LinkedIn Profile to gain insights into the leadership and professional journey of the CEO of FP Markets.

to gain insights into the leadership and professional journey of the CEO of FP Markets.

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 offers2 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 aprofessional accountwith 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.

FP Markets accounts
FP Markets offers Standard and RAW accounts

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.

Broker’s account creation page highlighting the “Open Live” option
Step one of account setup showing the “Open Live” button on the broker’s registration page

#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”.

Personal information form on the broker’s account registration page
Step two of account setup displaying fields for entering personal details such as name and contact information

#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
Address and date of birth entry form on the broker’s registration page
Step three of account setup requires the user to provide address details and date of birth

Click “Save and Next”.

#4 Select Trading Setup

Now it's time to adjust yourtrading account's settings:

  • Platform (MetaTrader 4 or 5)
  • Account type and base currency
  • Leverage
  • Password
Account details form on the broker’s registration page
Step four of account setup, where the user selects the trading platform and account currency

#5 Confirm Experience & Accept Terms

Specify your trading experience, agree to the terms and conditions, and click “Accept and Open Account”.

Trading experience form on the broker’s registration page
Step five of account setup asking the user to provide information about their trading background and experience

#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
Identity document upload section on the broker’s registration page
Final step of account setup requiring the user to upload identification documents for verification

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 trading platforms
FP Market supports MT4, MT5, and cTrader trading platforms

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
Broker’s MetaTrader 5 download page
Download page for accessing the MetaTrader 5 trading platform from the broker’s website

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
Broker’s cTrader platform download page
Download page for obtaining the cTrader trading platform from the broker’s website

Links:

This multi-platform approach empowers users with theflexibilityto choose trading tools that match their strategy, from manual to automated trading.

FP Markets Spreads and Commissions

FP Markets is known for itscompetitive pricingstructure:

  • Standard Account: Spreads from 1.0 pips, no commission
  • Raw Spread Account: Spreads from 0.0 pips, $3 commission per lot
Account types overview page on the FP Markets website
Section of the FP Markets website displaying different available trading account types

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.

Swap Fees

FP Markets applies competitive swap rates (overnight/rollover fees) on all instruments, minimizing costs for positions held past the daily cutoff.

Traders can check exact charges using theForex Swap Rate Calculator in MetaTrader 4 (MT4) or MetaTrader 5 (MT5) by selecting the instrument, trade size, and account currency.

The all-in-one FX calculator also measures pip value, contract size, margin, and potential profit.

Key Points

  • Calculated at 00:00 server time and applied only to overnight positions;
  • Determined by the interest rate differential of the currency pair;
  • Negative swaps may occur on both long and short trades;
  • Quoted in points, with MT4/MT5 converting to account currency;
  • Triple swap charged midweek (usually Wednesday, sometimes Friday).
Swap fee table on the FP Markets website
Table showing swap charges for different instruments offered by FP Markets

FP Markets Non-Trading Fees

FP Markets imposes no inactivity fees, even if an account remains unused. Accounts with no activity for 30 days are archived, but this process carries no financial penalty.

To prevent closure, users should log in at least once within each 30-day period.

Additionally, suppose deposited funds are withdrawn or transferred without being used for trading. In that case, FP Markets may reverse any previously credited bonuses, promotional funds, or benefits associated with those deposits, in accordance with the company’s terms and conditions.

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:

  1. Log in to your client area;
  2. Choose the deposit menu;
  3. Select your preferred funding methods;
  4. Enter the deposit amount;
  5. Complete the transaction process.

FP Markets charges no fees for deposits or withdrawals; however, third-party fees, such as blockchain network costs, may apply.

FP Markets deposit and withdrawal methods
FP Markets offers various deposit and withdrawal methods

Deposit

FP Markets offers a broad range of funding options designed for fast and cost-free deposits. Traders can choose from the deposit methods listed in the table below:

Deposit Method

Processing Time

Minimum Deposit

Fees

Credit/Debit Cards

Instant

$50 (EUR/GBP/USD)

No Fees

Bank Wire Transfers

2–5 Business Days

$100 (EUR/GBP/USD)

No Fees

Neteller

Instant

$50 (EUR/GBP/USD)

No Fees

Skrill

Instant

$50 (EUR/GBP/USD)

No Fees

PayPal

Instant

$50 (EUR/GBP/USD)

No Fees

Online Banking

Instant

$50 (EUR/GBP/USD)

No Fees

The minimum deposit is $50 (EUR/GBP/USD) for cards and e-wallets, while bank wires require $100. FP Markets charges no deposit fees for any method, ensuring that 100% of the transferred amount is credited to the trading account.

Funding must be made from an account in the trader’s own name, and the broker enforces AML compliance, including daily deposit limits. All card deposits are refunded to the same card, and profits over 100 EUR/USD/GBP are sent to a bank account or e-wallet.

Withdrawal

FP Markets provides five cash-out options for clients:

Withdrawal Method

Processing Time

Minimum Withdrawal

Fees

Credit/Debit Cards

2–5 Business Days

$5 (EUR/GBP/USD)

No Fees

Bank Wire Transfers

3–8 Business Days

$100 (EUR/GBP/USD)

No Fees

PayPal

Instant

$5 (EUR/GBP/USD)

No Fees

Neteller

Instant

$5 (EUR/GBP/USD)

No Fees

Skrill Ltd

Instant

$5 (EUR/GBP/USD)

1% + Country Fees

Paysafe Financial Services Ltd

Instant

$5 (EUR/GBP/USD)

1% (Max $30)

Processing times depend on the method: PayPal, Skrill, and Paysafe Financial Services Ltd withdrawals are processed instantly, while cards take 2–5 business days and bank wires require 3–8 business days.

Most withdrawal methods are fee-free. However, Paysafe Financial Services Ltd applies a 1% fee capped at $30, and Skrill Ltd charges 1% plus applicable country fees. The minimum withdrawal amount is $5 for most methods, except for bank wire transfers, which require $100.

FP Markets processes withdrawals only to accounts in the trader’s own name and may choose the cash-out method at its discretion. All requests require account verification, and third-party payments are not accepted. The broker may also reverse fee coverage if deposits are not used for trading purposes.

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;
  •  MAMM and PAMM 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 copy trading feature page
FP Markets webpage section presenting the copy trading service available to traders

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.

Category

Types of Instruments

Number of Symbols

Competitor Average

Forex

Forex CFDs

60+ Currency Pairs on MT4

~70–100 Currency Pairs (e.g. Admirals offers 7,500+ Instruments Overall; Typical Forex Pairs often 70–100)

Stocks

Share CFDs

650+ Stocks on Global Exchanges

~1,000–2,000 Stocks (Admirals Includes Shares/ETFs in Broader Instrument Count)

Indices

Indices CFDs

15 Indices (9 Major + 6 Non-Major)

~20–50 Indices Commonly Available

Commodities

Commodity CFDs

Coffee, Natural Gas, Corn, etc. (Varied Commodities)

~20–50 commodity CFDs

Cryptocurrencies

Metals, CFDs

Gold, Silver, Platinum, etc.

~20–30 Crypto CFDs

ETFs

Crypto CFDs

Multiple Including BTC, ETH, XRP, BCH, LTC, etc.

~300–500 ETFs in Competitive Platforms

Metals

ETF CFDs

200+ ETF CFDs

~5–10 Metal Instruments (Gold, Silver, Platinum, Palladium, etc.)

FP Markets tradable instruments
Trade over 10,000 instruments in FP Markets

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 Awards

FP Markets was named Best Global Forex Value Broker at the Global Forex Awards 2019 in Limassol, an event recognizing top financial service providers through public voting.

Operating for over 15 years, the broker’s award was attributed to its mix of competitive pricing, fast execution, advanced platforms, broad product range, responsive support, and detailed market analysis.

FP Markets offers access to more than 10,000 instruments — including Forex, Equity CFDs, Indices, Futures CFDs, and Cryptocurrencies — all tradable from a single account for streamlined multi-asset trading.

Additional details about the broker’s awards are available on the FP Markets Awards page on its official website.

FP Markets awards and achievements page
FP Markets webpage highlighting the broker’s industry awards and recognitions

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 restricted countries
Traders from these countries can’t create an FP Markets account

FP Markets Trust Scores

FP Markets has garnered positive reviews from many traders.

Trustpilot

4.9

ForexPeaceArmy

2.9

FP Markets Reviews.io

2.8

FP Markets profile page on Trustpilot
FP Markets’ Trustpilot page displaying customer ratings and reviews

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.

FP Markets educational resources page
FP Markets webpage featuring trading guides, tutorials, and learning materials

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 BrokerExness BrokerFxPro Broker

Regulation

ASIC, CySEC, FSC, FSCA, FSA

ASIC, FSC, DFSA, CySECFSA, CySEC, FCA, FSCA, CBCS, FSC, CMAFCA, FSCA, CySEC, SCB

Minimum Spread

From 0.0 PipsFrom 0.6 PipsFrom 0.0 PipsFrom 0.0 Pips

Commission

$3

$0 (except on Shares account)From $0.2 to USD 3.5From $0

Minimum Deposit

$50

$5$10$100

Maximum Leverage

1:500

1:1000Unlimited1:500

Trading Platforms

MT4, MT5, cTrader

MT4, MT5, Mobile AppExness Trade (mobile), Exness Terminal (web), MT4, MT5MT4, MT5, cTrader, Web Trader, Mobile App

Account Types

Standard, RAW

Micro, Standard, Ultra Low, SharesStandard, Standard Cent, Pro, Raw Spread, ZeroStandard, Pro, Raw+, Elite

Islamic Account

YesYesYesYes

Number of Tradable Assets

10,000+

1400+200+2100+

Trade Execution

Instant

Market, InstantMarket, InstantMarket, 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.

FAQs

Is FP Markets regulated?

Yes, FP Markets is regulated by various top-tier authorities, including CySEC and ASIC.

What is the minimum deposit for FP Markets?

The minimum deposit is $50.

Can I use Expert Advisors (EAs) with FP Markets?

Yes, EAs are supported on MT4 and MT5 platforms.

What leverage does FP Markets offer?

Leverage up to 1:500 is available for professional clients and up to 1:30 for Standard and RAW accounts.

What are FP Markets' account types?

FP Markets offers Standard and Raw account types.

What instruments can I trade in FP Markets?

You can trade Forex, indices, cryptocurrencies, ETFs, commodities, stocks, and metals in FP Markets broker.

Does FP Markets offer copy trading?

Yes, FP Markets offers copy trading alongside algo trading, PAMM, and MAMM accounts.

What trading platforms are available?

FP Markets supports MT4, MT5, and c Trader across web, desktop, and mobile, catering to manual and algorithmic traders.

What are the spreads and commissions?

RAW accounts offer spreads from 0.0 pips with a $3 commission per lot; Standard accounts have spreads from 1.0 pips and no commission.

How do I open and verify an FP Markets account?

Registration takes under 10 minutes. Verification requires ID and address proof, usually approved within 24 hours.

What payment methods are accepted?

FP Markets supports Visa/Mastercard, PayPal, Skrill, Neteller, and bank transfers. No internal fees are charged.

Are PAMM or MAMM accounts available?

Yes, both PAMM and MAMM accounts are offered for passive investing via experienced account managers.

Is FP Markets available to traders in the US or Japan?

No, FP Markets does not accept clients from the USA, Japan, Belgium, North Korea, Iran, and Syria.

Is Islamic (swap-free) trading available?

Yes, all account types can be converted to Islamic accounts, suitable for Sharia-compliant trading.

Does FP Markets offer any bonuses or affiliate programs?

Bonuses are limited, but the broker offers a CPA affiliate program with payouts up to $800 per referral.

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