This 2026 review of FP Markets provides a complete evaluation of its account types, platform options, fees, regulation, and overall user experience. Founded in 2005 and headquartered in Sydney, Australia, FP Markets has established itself as a trusted global broker known for deep liquidity and institutional-grade trading conditions.
It operates as a CFD broker that offers access to over 10,000 trading instruments ranging from forex and commodities to global equities and indices. The broker is regulated by multiple authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
With a strong focus on technology, FP Markets supports a wide array of platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, and the advanced Iress platform for stock trading.
FP Markets Overview
FP Markets Overview
FP Markets
- Minimum Deposit$100
- SpreadLow
- Trading FeeFree
- Deposit FeeFree
- Withdrawal FeeFree
- Account OpeningWithin 24 hours
Pros and Cons
Pros and Cons
Pros
- Strong support for third-party trading platforms
- Competitive spreads and a commission-free trading model
- 24/7 multilingual customer support
- Supports copy trading
- Virtual Private Server (VPS) hosting
Cons
- Additional fees for Iress platform and market data
- Limited range of tradable instruments without Iress
Account Types
Account Types
FP Markets offers three main account types: Standard, Raw, and Iress. Iress accounts grant access to thousands of stock CFDs from global markets. Here’s how the different account types compare:
FP Markets Fees, Spreads, and Commissions
FP Markets Fees, Spreads, and Commissions
Trading Fees
Standard accounts are commission-free with spreads starting from 1.0 pips, while Raw accounts offer spreads as low as 0.0 pips with a commission of $6 per lot per round turn. For stock CFD trading via the Iress platform, commission rates vary by exchange but typically start at 0.1% or a minimum flat fee of AUD 10 for Australian Securities Exchange (ASX) shares.
Deposit, Withdrawal, and Other Account Fees
The broker doesn’t charge general deposit fees, and it covers internal bank fees for international deposits. However, withdrawal fees may apply depending on the method.
While local bank transfers in Australia are often free, international bank wire withdrawals may incur significant administrative fees. There’s no inactivity fee for Standard and Raw accounts, but Iress accounts may incur a monthly platform fee of up to AUD 55 if commission generation thresholds aren’t met.
Trading Platforms Available on FP Markets
Trading Platforms Available on FP Markets
The broker excels in platform diversity. Traders can choose from the industry-standard MetaTrader platforms, cTrader, or TradingView for advanced charting and superior interface customization.
For equity traders, the Iress platform provides Direct Market Access (DMA) to thousands of global stocks, offering Level 2 market depth and sophisticated order types. Mobile trading is fully supported across all platforms, ensuring access to markets on the go.
| Trading Platforms | Availability |
|---|---|
| MetaTrader 4 | |
| MetaTrader 5 | |
| cTrader | |
| TradingView | |
| NinjaTrader | |
| Proprietary Platform | |
| Mobile App |
Assets You Can Trade on FP Markets
Assets You Can Trade on FP Markets
FP Markets is a CFD broker that provides access to an impressive range of over 10,000 financial instruments. The broker excels with its extensive stock CFD offering via the Iress platform. Here’s how it compares to other competing CFD brokers such as D Prime and Admirals:
*Comparison between CFD brokers only
Looking for something else? Compare tradable assets, features, and more at a glance with our powerful broker comparison tool.
COMPARE BROKERSDeposit and Withdrawal
Deposit and Withdrawal
Funding Methods
You can deposit funds via:
- Debit/credit cards
- Bank transfers
- E-wallets such as Neteller and Skrill
- Online payment systems such as PayPal
- Cryptocurrencies such as Bitcoin, Ethereum, and USDT
Deposits are generally instant for cards, cryptocurrencies, and e-wallets, while bank transfers may take 1-3 business days. Withdrawals are typically processed within one business day. However, international bank wire withdrawals may incur fees.
Educational Resources & Research Tools on FP Markets
Educational Resources & Research Tools on FP Markets
Research Tools
The broker provides a solid suite of research tools, including:
- Myfxbook Autotrade copy trading
- Traders Toolbox for additional tools, technical analysis, and market news
- Autochartist pattern recognition
- Trading Central market insights
Educational Resources
FP Markets offers a robust educational library featuring:
- Trading courses for various expertise levels
- Platform tutorials
- E-books
- Trading glossaries
- Regular webinars and podcasts
The content is structured for traders with varying levels of experience, with topics covering a wide variety of trading-related topics. The guides themselves are accessible and provide adequate depth for research and continuous learning.
FP Markets Customer Support
FP Markets Customer Support
Support Channels
FP Markets offers 24/7 multilingual customer support via:
- Phone
- Live chat
- Callback
Response times on live chat are typically fast, and the agents are knowledgeable regarding account specs and technical issues.
Language Support
Support is available in at least 10 languages, including:
- English
- Spanish
- Portuguese
- Italian
- French
- German
- Arabic
- Vietnamese
- Thai
- Indonesian
Safety and Regulations
Safety and Regulations
The broker is regulated by several financial authorities across its entities, including:
- ASIC
- CySEC
- Financial Sector Conduct Authority (FSCA) of South Africa
- Financial Services Authority (FSA) of Seychelles
Client funds are held in segregated accounts with AA-rated Australian banks, and negative balance protection is provided for retail clients under specific jurisdictions such as ASIC and CySEC, ensuring traders cannot lose more than their initial deposit.
User Experience and Interface
User Experience and Interface
Desktop Navigation and Performance
The user experience varies depending on the chosen platform. MT4 and MT5 provide a familiar, reliable environment for forex traders, while the Iress platform offers a sophisticated, professional-grade interface for stock traders.
The integration of TradingView and cTrader has significantly modernized the desktop experience, offering advanced charting and a cleaner UI than standard MetaTrader setups.
Mobile Navigation and Performance
The FP Markets Mobile App provides a seamless bridge between platforms, allowing for easy account management and funding. For trading, users can utilize the native apps for MT4, MT5, cTrader, and Iress Mobile, all of which are packed with features and highly rated for performance and stability.
Final Verdict
Final Verdict
FP Markets is a top-tier choice for traders seeking a regulated, low-cost environment with deep market access. Its Raw account offers ultra-tight, industry-standard spreads, and the addition of cTrader and TradingView makes it a versatile option for technical analysts.
While the Iress platform fees and withdrawal costs for international transfers may be a drawback for some, the broker's long operational history and strong regulatory framework provide immense credibility. For active traders and scalpers, FP Markets delivers one of the best execution environments available in the industry.
Is FP Markets the Right Broker for You?
It’s best suited for intermediate to advanced traders who require low latency, ECN pricing, and access to a wide range of assets. It’s also an excellent choice for algorithmic traders using EAs (Expert Advisors) or VPS services.
Beginners can also benefit from the comprehensive educational resources and supportive 24/7 service, though they should be mindful of the minimum deposit requirements for Iress accounts.
Who Should Trade with FP Markets?
The broker is ideal for scalpers, day traders, and algorithmic traders who prioritize tight spreads and fast execution. It’s also perfect for equity traders looking for direct market access to global exchanges via Iress.
However, it may be less suitable for casual investors who prefer a simplified interface or those who make frequent withdrawals via international bank transfer.
Disclaimer: This review is for informational purposes only and does not constitute investment advice or a recommendation to trade with any specific broker. Trading foreign exchange (forex) and contracts for difference (CFDs) involves significant risk and may not be suitable for all investors. Leverage can amplify both gains and losses. Always consider your financial objectives, experience level, and risk tolerance before making investment decisions. Broker specifications, features, and availability may vary by region and are subject to change. Please refer to the broker’s official website for the most up-to-date information.