FP Markets at a glance
FP Markets is an Australian broker offering raw ECN spreads on MT4, MT5 and cTrader with deep liquidity, popular among active forex and CFD traders.
FP Markets reports a founding year of 2005 and a head office in Sydney, Australia. It lists 4 regulators and 4 trading platforms.
BrokerBazaar verdict
Our research team has not yet published a written verdict for FP Markets. The BrokerBazaar Intelligence Score is 82/100 (low risk), computed from regulatory, operational, transparency, reputation and domain-history signals. Scores are editorial assessments, not user ratings, and are never influenced by payment.
Legal entities, regulation and licences
FP Markets operates through 4 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
FP Markets states that it accepts clients from Australia, Cyprus, South Africa, UAE. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: not disclosed. Platforms: MT4, MT5, cTrader, IRESS. Account types: Standard, Raw, cTrader Raw.
Best-for tags assigned by our team: Scalpers, Low Spreads, MetaTrader, Active Traders.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is From $100. Spreads start from 0.0 pips (Raw) and commission is None (Standard) · From $3.00 per lot/side (Raw). Maximum leverage is Up to 1:500, subject to the cap of the entity that holds your account. Figures refer to First Prudential Markets Limited (FSA Seychelles), the entity serving international clients, checked 24 September 2026.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card, Skrill, Neteller, PayPal. Withdrawal methods: Bank Transfer, Credit Card, Skrill, Neteller.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: ASIC: Held in segregated client trust accounts under the Corporations Act. Compensation: No central scheme; AFCA handles disputes. CySEC: Segregated under MiFID II client-asset rules. Compensation: ICF — up to €20,000 per client. FSCA: Client funds should be held separately from company funds. Compensation: No central compensation scheme. FSA Seychelles: Segregation expected but rules are lighter than onshore. Compensation: No central compensation scheme.
Complaints and dispute process
Formal complaints: compliance@fpmarkets.com.au. Phone: 02 8252 6800. Complaints can be raised with FP Markets' account manager or Compliance Department. FP Markets aims to resolve most matters within 21 days. Unresolved complaints may be referred to AFCA.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Raw ECN spreads from 0.0 pips
- Strength: Choice of MT4, MT5, cTrader and IRESS
- Strength: ASIC and CySEC regulated
- Strength: Deep liquidity and fast execution
- Limitation: Limited product range beyond forex/CFDs
- Limitation: No proprietary platform
- Limitation: Support quality varies by region
Who this broker suits, and who it does not
FP Markets is most relevant to traders looking for: Scalpers, Low Spreads, MetaTrader, Active Traders.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
FP Markets change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for FP Markets yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about FP Markets
Data sources. Broker submission, the regulator registers linked above, FP Markets published AFSL 286354; to re-confirm on ASIC Professional Registers, web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: Trustpilot 4.8/5; WikiFX 8.89/10; Forex Peace Army 2.9/5; FX Empire 4.6/5; Google Play Store 4.7/5; Apple App Store 4.7/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with FP Markets. How we make money. Trading leveraged products carries a high risk of loss.