FP Markets is a well-established, multi-regulated Australian broker (founded 2005, Sydney) that has built its reputation on tight Raw-account spreads, a genuinely wide platform choice, and a low $100 minimum deposit. For cost-conscious traders who want institutional-style pricing without a large account balance, it is one of the more compelling options in the market, and its ASIC and CySEC oversight place it in the more trustworthy tier of CFD brokers. It is not the right broker for everyone. The standout Raw spreads come with a $3-per-side commission, the most attractive 1:500 leverage is only available through offshore entities (not the ASIC or CySEC-regulated arms), and — critically — FP Markets does not accept US retail clients. CFDs remain high-risk leveraged products, so the verdict assumes you already understand that most retail accounts lose money trading them.
Best for: FP Markets is best for active forex and CFD traders who prioritise low trading costs and want a choice of MT4, MT5, cTrader or TradingView, as well as beginners who value a low entry deposit, a free demo and solid educational material. It is less ideal for US residents (who cannot open an account), traders who want a single proprietary all-in-one ecosystem, or anyone seeking a long-track-record listed/bank-backed institution rather than a CFD specialist.At a Glance
Pros
- Multi-regulated by ASIC (AFSL 286354) and CySEC (license 371/18), among other authorities
- Very competitive Raw account pricing — spreads from 0.0 pips plus a transparent $3-per-side commission
- Exceptional platform choice: MT4, MT5, cTrader, TradingView and (for Australian clients) Iress
- Low $100 minimum deposit and a free demo account, making it accessible to beginners
- Over 10,000 tradable instruments across forex, indices, commodities, shares, ETFs and crypto CFDs
- No deposit or withdrawal fees and no inactivity fee
Cons
- Does not accept US retail clients (not registered with the NFA/CFTC)
- Highest leverage (up to 1:500) is only offered via offshore entities, which carry weaker investor protections than the ASIC/CySEC arms
- Standard account spreads (from ~1.0 pip) are less competitive than the Raw account
- CFDs are complex, high-risk products — the majority of retail accounts lose money
- Educational content is solid but not as deep or structured as some dedicated education-first brokers
Rating Breakdown
Full Review
FP Markets review: quick verdict
This FP Markets review covers regulation, account types, spreads, platforms and who the broker suits before you open an account. FP Markets is a well-established, multi-regulated Australian broker founded in Sydney in 2005 that has built its reputation on tight Raw-account spreads, a genuinely wide platform choice and a low $100 minimum deposit. For cost-conscious traders who want institutional-style pricing without a large balance it is one of the more compelling options around — compare it with the rest of the field on our broker reviews hub.
Is FP Markets safe? Regulation and trust
FP Markets operates through several regulated entities. In Australia it is authorised by the Australian Securities and Investments Commission under AFSL 286354, and in Europe by CySEC under licence 371/18, with additional entities under the FSCA in South Africa and the FSA in Seychelles. You can confirm the Australian licence on the ASIC website. Which entity you sign up with determines your protections: the ASIC and CySEC arms offer the strongest safeguards — segregated funds, negative balance protection and, in the EU, Investor Compensation Fund eligibility — but cap leverage at regulated levels, while offshore entities offer higher leverage with weaker recourse.
Account types and fees
FP Markets keeps its retail structure simple with two main accounts. The Standard account has no commission and spreads from around 1.0 pip, with cost built into the spread. The Raw account offers spreads from 0.0 pips plus a commission of $3 per lot per side ($6 round turn), which is almost always cheaper for active and higher-volume traders. The minimum deposit is $100 for both, and there are no deposit, withdrawal or inactivity fees. For an even lower entry point, see our Exness review.
Trading platforms
Platform choice is one of FP Markets’ strongest selling points. It supports MetaTrader 4, MetaTrader 5, cTrader (favoured by ECN-style and algorithmic traders for depth-of-market), TradingView for superior charting, and Iress — a professional share-trading suite with DMA on global equities available to Australian clients. You can match the platform to your strategy rather than being forced into a single proprietary system.
Markets and instruments
FP Markets offers over 10,000 tradable instruments across forex, indices, commodities, shares, ETFs and cryptocurrency CFDs, including more than 60 forex pairs. Equity coverage varies sharply by platform — the Iress suite reaches 10,000+ global shares and ETFs, MT5 and cTrader offer roughly 1,000 stock CFDs, while MT4 carries only a handful — so the platform you choose materially changes what you can trade.
Deposits, withdrawals and support
FP Markets supports bank wire, credit and debit cards and e-wallets such as Skrill, Neteller, PayPal, SticPay and FasaPay, with availability depending on region. Both deposits and withdrawals are free of charge and processing is generally fast by industry standards, though bank wires can take longer than cards or e-wallets. Customer support runs via live chat, email and phone, with reviewers generally rating live chat as responsive — complete KYC early to avoid withdrawal delays.
Who FP Markets is best for
FP Markets is a strong fit for cost-conscious active traders who want institutional-style Raw pricing without a large balance, and for traders who value being able to pick from MT4, MT5, cTrader or TradingView. Beginners are well served by the low $100 deposit, free demo and solid education. It is a poor fit for US residents, who cannot register, and for those who want the very highest investor protections. For a premium, heavily regulated alternative, see our IG review.
Final verdict
FP Markets earns a 4.3/5. It combines genuine multi-regulation, highly competitive Raw-account pricing, an outstanding range of platforms and a low entry deposit — a strong all-round package for forex and CFD traders who understand the risks. The main caveats are offshore-only high leverage, the lack of US access and the inherent danger of leveraged CFDs. For non-US traders who want low costs and platform flexibility from a long-established, regulated broker, it is a well-justified shortlist candidate.
Trading forex and CFDs carries a high risk of losing money rapidly due to leverage. Check the latest spreads, fees and account terms directly with FP Markets before opening an account. This is educational content, not financial advice.
Who Is It Best For?
FP Markets is best for active forex and CFD traders who prioritise low trading costs and want a choice of MT4, MT5, cTrader or TradingView, as well as beginners who value a low entry deposit, a free demo and solid educational material. It is less ideal for US residents (who cannot open an account), traders who want a single proprietary all-in-one ecosystem, or anyone seeking a long-track-record listed/bank-backed institution rather than a CFD specialist.
Frequently Asked Questions
Is FP Markets a good broker?
FP Markets is widely regarded as a reputable broker. It has operated since 2005, is regulated by ASIC and CySEC among other authorities, offers very competitive Raw-account spreads, a broad platform choice and a low $100 minimum deposit. Like all CFD trading, it carries significant risk, and most retail accounts lose money.
Is FP Markets regulated?
Yes. FP Markets is regulated by ASIC (AFSL 286354) and CySEC (license 371/18), and operates additional entities under the FSCA (South Africa) and FSA (Seychelles). Your specific protections depend on which entity you open your account with.
Does FP Markets accept US clients?
No. FP Markets does not accept retail clients who reside in the United States, because it is not registered with US regulators such as the CFTC or NFA.
What is the minimum deposit at FP Markets?
The minimum deposit is $100 (or currency equivalent) for both the Standard and Raw accounts. FP Markets also offers a free demo account.
What is the difference between the Standard and Raw accounts?
The Standard account has no commission with spreads from around 1.0 pip, while the Raw account has spreads from 0.0 pips plus a $3-per-side commission ($6 round turn). Active traders usually pay less overall on the Raw account.
