FP Markets Review 2026: Our Complete Analysis
Last updated: January 2026 · view the full broker profile
If you are looking for a seasoned ECN broker with a rare combination of platforms and competitive raw spreads, this FP Markets review covers everything you need to decide. Founded in 2005 in Sydney, FP Markets (First Prudential Markets Pty Ltd) serves 180,000+ clients across more than 100 countries. This review FP Markets 2026 examines regulation, trading conditions, platforms, fees, and more.
About FP Markets
FP Markets was established in Sydney, Australia in 2005 and has grown into one of the more respected ECN/DMA brokers in the Asia-Pacific region. The company operates offices in Sydney, Limassol, Johannesburg, and Shanghai, reflecting a genuinely global footprint.
The broker runs two primary regulated entities — one under ASIC in Australia and one under CySEC for European clients — alongside FSCA coverage in South Africa. Its standout feature is a platform lineup that most brokers simply cannot match: MT4, MT5, cTrader, IRESS, and TradingView all available under one roof.
Regulation and Fund Security
FP Markets holds licenses across four jurisdictions. Here is a breakdown:
| Regulator | Country | License Number | Client Protections |
|---|---|---|---|
| ASIC | Australia | AFSL 286354 | Segregated funds, negative balance protection |
| CySEC | Cyprus | 371/18 | Segregated funds, ICF up to €20,000 |
| FSCA | South Africa | 50926 | Segregated funds |
| FSA | Seychelles | SD175 | Limited protections |
Client funds are held in segregated accounts, meaning your money is not mixed with company operational funds. Negative balance protection is in place, so you cannot lose more than your deposited capital. European clients under the CySEC entity benefit from Investor Compensation Fund (ICF) coverage of up to €20,000.
Is FP Markets safe? For clients under the ASIC or CySEC entities, yes — it sits among the better-regulated ECN brokers available to retail traders today.
Trading Conditions
Account Types
FP Markets offers four account types, all with a minimum deposit of $100 (except IRESS at $1,000):
| Account | EUR/USD Spread | Commission | Min. Deposit |
|---|---|---|---|
| Standard | ~1.0 pip | None | $100 |
| RAW ECN | ~0.0 pip | $3/lot/side | $100 |
| IRESS (DMA) | Variable | 0.10% (min $10) | $1,000 |
| Islamic (swap-free) | ~1.0 pip | None | $100 |
Spreads
| Instrument | Typical Spread |
|---|---|
| EUR/USD | 0.0 pip (RAW ECN) |
| GBP/USD | 0.4 pip |
| XAU/USD | 0.12 |
| BTC/USD | 30 |
All spreads are variable. For active traders and scalpers, the RAW ECN account at $3 per lot per side is highly competitive. Execution is ECN/DMA with typical speeds under 40ms.
Key Trading Parameters
- Minimum lot size: 0.01
- Retail leverage: up to 1:30 (ESMA-regulated jurisdictions)
- Professional leverage: up to 1:500
- Scalping, hedging, and Expert Advisors (EAs): all permitted
- Guaranteed stops: not available
- Trailing stops: available
Trading Platforms
FP Markets reviewed for platform variety stands out immediately. You get access to five distinct platforms:
| Platform | Desktop | Web | Mobile |
|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes |
| MetaTrader 5 | Yes | Yes | Yes |
| cTrader | Yes | Yes | Yes |
| IRESS (DMA) | Yes | Yes | No |
| TradingView | No | Yes | Yes |
MetaTrader 4 and MT5 cover the vast majority of retail traders' needs, including EA automation and a large ecosystem of third-party tools. cTrader is the platform of choice for ECN purists, offering Level 2 pricing and superior order management. IRESS provides Direct Market Access to ASX-listed stocks — a genuine differentiator for Australian equity traders. TradingView integration completes the offering for chart-focused traders.
Additional tools include Autochartist, Trading Central signals, a free VPS (for deposits of $5,000+), Myfxbook Autotrade, and an economic calendar.
Tradable Instruments
With 10,000+ instruments, the selection is broad:
| Asset Class | Count |
|---|---|
| Forex pairs | 70+ |
| Stock CFDs (DMA ASX + US + EU) | 10,000+ |
| Indices | 19+ |
| Commodities | 13+ |
| Crypto CFDs | 5+ (jurisdiction-dependent) |
| ETFs | Yes |
| Futures | Not offered |
The IRESS DMA access to ASX stocks is a rare feature among ECN brokers. It means you are buying actual shares on the exchange rather than trading a pure CFD, which matters for Australian investors who want real ownership or better execution transparency.
Deposits and Withdrawals
The minimum deposit is $100 for Standard and RAW ECN accounts, and $1,000 for IRESS.
Deposit methods available:
- Credit/debit card
- Bank wire transfer
- Skrill
- Neteller
- PayPal (select jurisdictions)
- FasaPay
- Cryptocurrencies
Withdrawal details:
| Method | Fee | Processing Time |
|---|---|---|
| Bank wire | Free | 1-3 business days |
| Credit/debit card | Free | 1-5 business days |
| Skrill / Neteller | Free | Instant to 24 hours |
No deposit fees, no withdrawal fees, and no inactivity fee. This is a clean fee structure with no hidden costs to watch out for.
Customer Support and Education
Support is available 24/5 with 24/7 live chat coverage. You can reach the team via live chat, email, or phone. Support is offered in 10 languages including English, French, Spanish, Italian, Portuguese, Chinese, Japanese, Arabic, Vietnamese, and Thai.
Educational resources include:
- Demo account (free, no time limit)
- eBooks
- Video tutorials
- Webinars
The education library is functional rather than exceptional. It covers the basics well but does not match the depth offered by brokers specifically built around beginner education.
Pros and Cons
Pros:
- Rare platform lineup: MT4, MT5, cTrader, IRESS, and TradingView all available
- Direct Market Access (DMA) for ASX-listed stocks via IRESS
- RAW ECN spreads from 0.0 pip with $3/lot commission — highly competitive
- No inactivity fee
- Free VPS for active traders (minimum $5,000 deposit)
- Regulated by ASIC and CySEC — strong dual-jurisdiction oversight
- 10+ base currencies supported
Cons:
- Retail leverage capped at 1:30 under EU/ESMA rules
- No guaranteed stop-loss orders
- IRESS account requires a $1,000 minimum deposit
- PayPal not available in all jurisdictions
- Crypto selection is limited (5+ pairs, jurisdiction-dependent)
FAQ
Is FP Markets regulated? Yes. FP Markets holds licenses from ASIC (Australia, AFSL 286354), CySEC (Cyprus, 371/18), FSCA (South Africa, 50926), and FSA (Seychelles, SD175). The ASIC and CySEC licenses are the most stringent and cover the majority of retail clients.
What is the minimum deposit for FP Markets? The minimum deposit is $100 for Standard, RAW ECN, and Islamic accounts. The IRESS DMA account requires a minimum deposit of $1,000.
What platforms does FP Markets support? FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, IRESS (DMA), and TradingView. It is one of the few brokers offering all five under one account.
Does FP Markets charge inactivity fees? No. FP Markets does not charge inactivity fees, which is a positive for part-time or seasonal traders.
Is scalping allowed at FP Markets? Yes. Scalping, hedging, and automated trading via Expert Advisors are all permitted across the ECN accounts.
Verdict
FP Markets earns a solid 8/10 in this review. It is a genuinely strong choice for active traders, scalpers, and anyone interested in Australian equity DMA access. The platform variety is unmatched at this price point, and the RAW ECN spreads from 0.0 pip at $3 per lot per side represent real value for frequent traders.
Where it falls short is in areas that may matter to some: retail leverage is capped at 1:30 for European clients, guaranteed stops are absent, and the IRESS account is only accessible at higher deposit levels. Beginners will find the tools present but the education offering merely adequate.
For experienced traders seeking a well-regulated ECN broker with a proper platform ecosystem, FP Markets reviewed 2026 sits comfortably among the top tier of non-bank retail brokers.
Trading involves risk of capital loss.
Article by the Analyse Trading team (@analysetrading) · Updated 01/2026 · view the full broker profile
Disclaimer: Trading involves high risk of capital loss. This article is for informational purposes only and does not constitute investment advice.