FP Markets Review 2026

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.

Pros & Cons

Pros:

• Ultra-tight raw spreads from 0.0 pips (0.10 avg EUR/USD)
• 10,000+ instruments including DMA shares
• All four major platforms: MT4, MT5, cTrader, TradingView
• No inactivity fees
• ASIC and CySEC regulated with 20+ years history
• $6/lot commission on Raw (cheaper than most competitors)
• Free VPS for qualifying traders

Cons:

• $100 minimum deposit
• Education resources are average
• No proprietary platform
• Support limited to 24/5
• Brand less well-known than IC Markets or Pepperstone

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

Frequently Asked Questions

Is FP Markets safe? Yes. FP Markets is regulated by ASIC (Tier 1) and CySEC (Tier 2) with 20+ years of operating history. Segregated funds and negative balance protection are provided.

What platforms does FP Markets offer? MT4, MT5, cTrader, and TradingView. This is the same full platform lineup as Pepperstone.

What are FP Markets' spreads? The Raw account averages 0.10 pips on EUR/USD with a $6/lot round-turn commission. The Standard account averages 1.00 pips with no commission.

Does FP Markets charge inactivity fees? No. FP Markets does not charge inactivity fees.

How many instruments does FP Markets offer? 10,000+, including 70 forex pairs, 10,000 share CFDs (DMA), 19 indices, 8 commodities, and 12 crypto CFDs.

Review by Neil C, BrokerAudit. Data verified April 2026. Read our methodology.