Overall Rating: ★★★★☆ (4.3/5.0)

FP Markets is a globally respected forex and CFD broker known for its tight spreads, institutional-grade liquidity, and range of professional trading platforms. Founded in 2005 and headquartered in Sydney, FP Markets offers multi-asset trading on powerful platforms like MetaTrader 4, MetaTrader 5, and Iress. This FP Markets review examines its core features, regulatory credentials, trading conditions, and overall reputation among both beginners and advanced traders.

Key Features

FP Markets provides a well-rounded offering tailored to traders seeking low-cost, high-performance trading.

• Trading Platforms: Traders have access to MT4, MT5, and the Iress platform. While MT4 and MT5 cater to forex and CFD traders, Iress targets share CFD traders and professionals needing deep analytics.
• Markets Available: FP Markets offers forex, indices, commodities, shares, ETFs, bonds, and cryptocurrencies, making it one of the most diversified brokers.
• Execution and Liquidity: The broker uses ECN pricing and DMA access, resulting in lightning-fast execution and raw spreads from 0.0 pips.
• Copy Trading: FP Markets supports Myfxbook AutoTrade, MetaTrader Signals, and social trading, making it easy to follow experienced traders.
• Mobile Trading: Both MT4/MT5 and Iress have dedicated mobile apps for seamless on-the-go trading.

Regulation and Security

FP Markets is a strongly regulated broker, offering robust client protection and operational transparency.

• Regulators: Licensed by ASIC (Australia) and CySEC (Cyprus), with registration under FSA (St. Vincent and the Grenadines) for international clients.
• Fund Segregation: Client funds are held in segregated trust accounts with top-tier banks.
• Negative Balance Protection: Offered for EU clients and under CySEC protection.
• Encryption: Uses secure socket layer (SSL) technology and 2FA to protect client data and accounts.

Pricing and Costs

FP Markets offers some of the most competitive pricing in the industry, especially for high-frequency traders.

• Spreads: Raw ECN spreads start from 0.0 pips, with average EUR/USD spreads around 0.1–0.2 pips on RAW accounts.
• Commissions: $3 per lot per side on RAW ECN accounts; Standard accounts are commission-free but have slightly wider spreads.
• Deposit & Withdrawal Fees: Most deposit methods are free. Withdrawal fees vary based on the method and country.
• Swap Fees: Overnight swap rates apply; swap-free Islamic accounts are also available.
• Inactivity Fees: No inactivity fee is currently charged, which is favourable for less active traders.

Educational Resources and Customer Support

FP Markets delivers rich educational resources and responsive customer service.

• Education: Includes daily market analysis, trading guides, webinars, eBooks, and platform tutorials.
• Support: Available 24/5 via live chat, phone, and email, with multilingual support.
• Account Managers: Personalised account management is available for VIP clients and active traders.

Risk Management Tools

FP Markets provides a solid set of risk control features to protect capital.

• Stop-loss and Take-profit Orders: Basic but essential order types supported on all platforms.
• Guaranteed Stop-Loss Orders (GSLOs): Available under specific account types or regulatory regions.
• Margin Alerts: Traders are warned if margin drops below threshold levels.
• Custom Leverage: Leverage is flexible, with limits varying based on region and experience level (up to 500:1 internationally).

Pros and Cons

Pros

• ECN pricing with ultra-tight spreads
• Licensed by ASIC and CySEC, with client fund segregation
• Wide range of markets, including share CFDs on Iress
• Choice of MT4, MT5, and Iress trading platforms
• Excellent execution speeds and liquidity

Cons

• Iress platform has higher minimum deposit requirements
• Not all features available under ASIC/CySEC accounts
• No 24/7 customer support

Conclusion: Is FP Markets the Right Choice?

FP Markets is a premium broker for traders who value tight spreads, fast execution, and institutional trading conditions. Whether you’re using MT4/MT5 or Iress, the platform experience is smooth and data-rich. With strong regulation, transparent pricing, and excellent education, FP Markets stands out as one of the best choices for active and professional traders.

Looking for a regulated ECN broker with top-tier liquidity and trading platforms? FP Markets is a top contender.