FP Markets Review

FP Markets Review by topforexbrokers.com, In this detailed  FPMarkets review, we’ll explore FP Markets broker’s features, trading platforms, account types, fees, customer support, and how it stacks up against the competition.

FP Markets Review: What Is FP Markets?

FP Markets (First Prudential Markets) is an Australian-based online broker founded in 2005. It is regulated by top-tier authorities including:

  • ASIC (Australian Securities and Investments Commission)

  • CySEC (Cyprus Securities and Exchange Commission)

  • FSCA (South Africa)

  • FSA (St. Vincent and the Grenadines, for international clients)

The company specializes in offering Forex, CFD, commodities, indices, shares, and cryptocurrency trading through robust platforms with institutional-grade liquidity.

Key Features of FP Markets

1. Wide Range of Tradable Instruments

FP Markets offers access to over 10,000 financial instruments, including:

  • Forex: 70+ currency pairs

  • CFDs on Shares: US, UK, AU, and European stocks

  • Commodities: Gold, oil, silver, copper

  • Indices: US30, GER40, AUS200, NASDAQ, S&P 500

  • Cryptocurrencies: BTC, ETH, XRP, LTC, and more (as CFDs)

This diversity allows traders to diversify portfolios and trade global markets from a single account.

2. MetaTrader 4 & 5 Integration

FP Markets supports MT4 and MT5, the most popular trading platforms in the world. Key benefits:

  • Advanced charting tools

  • 50+ built-in indicators

  • One-click trading

  • EA (Expert Advisor) support for automation

  • Mobile and desktop compatibility

Traders who prefer the familiar and reliable interface of MetaTrader will feel right at home.

3. IRESS Trading Platform

FP Markets also offers the IRESS platform, a professional-grade platform ideal for share trading and scalping. Features include:

  • Level II market depth

  • Advanced order types

  • Real-time news and analytics

  • Customizable interface

  • Direct Market Access (DMA)

IRESS is suited for experienced traders who need high-performance charting and execution.

4. ECN Pricing and Fast Execution

FP Markets is well-known for its ECN (Electronic Communication Network) pricing model, which provides:

  • Tight spreads (as low as 0.0 pips on EUR/USD)

  • Deep liquidity from tier-one banks

  • Fast execution with minimal slippage

This makes FP Markets a top choice for scalpers, day traders, and algorithmic traders.

Account Types

FP Markets offers two main account types under MT4/MT5:

Account TypeSpreadCommissionMinimum DepositExecution Type
StandardFrom 1.0 pip$0$100STP
Raw ECNFrom 0.0 pips$3 per lot per side$100ECN

IRESS Accounts:

  • Standard IRESS: AUD 1,000 min deposit, commission-based

  • Platinum IRESS: AUD 25,000 min deposit

  • Premier IRESS: AUD 50,000+ with lower fees and financing

Deposits & Withdrawals

FP Markets supports multiple payment methods including:

  • Credit/Debit cards

  • Bank Wire

  • Skrill

  • Neteller

  • PayPal

  • Cryptocurrency (BTC, ETH, etc.)

Deposits are typically free, while withdrawal fees vary based on the method and region. Most withdrawals are processed within 1 business day.

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Trading Conditions

  • Leverage: Up to 500:1 (depending on region and regulation)

  • Minimum lot size: 0.01 (micro lot)

  • Scalping and hedging allowed: Yes

  • Stop out level: 50%

  • Order execution speed: Average 40 ms (millisecond)

FP Markets also offers VPS hosting for algorithmic traders to reduce latency and maximize speed.

 Tools and Additional Features

1. Trader Toolbox

A package of advanced trading tools compatible with MT4/MT5, including:

  • Sentiment indicators

  • Alarm managers

  • Stealth orders

  • Correlation matrix

  • Trade terminal

2. Autochartist

FP Markets integrates Autochartist, which scans markets for trading opportunities based on technical patterns.

3. VPS Services

FP Markets partners with Beeks FX and NYC Servers to offer VPS hosting. Ideal for:

  • Expert Advisors

  • High-frequency trading

  • Low-latency execution

4. Social & Copy Trading

FP Markets supports social and copy trading via:

  • Myfxbook AutoTrade

  • MetaTrader Signals

  • FP Markets Copy Trading App

Beginners can follow experienced traders while learning the ropes.

Education and Research

FP Markets is strong in education, offering:

  • Daily market analysis (forex, commodities, indices)

  • Weekly outlooks

  • Trading eBooks

  • Webinars and video tutorials

  • Forex glossary and strategy guides

This makes it one of the more beginner-friendly brokers despite its institutional-grade tools.

Security and Regulation

FP Markets is regulated by some of the most trusted global authorities:

  • ASIC (AFSL #286354) – Australia

  • CySEC (License #371/18) – Europe

  • FSCA – South Africa

  • FSA – St. Vincent & the Grenadines

It maintains segregated client accounts, ensuring that trader funds are held separately from company operational funds.

Customer Support

FP Markets offers 24/5 multilingual support via:

  • Live chat

  • Email

  • Phone

  • Support portal with ticket system

The broker is known for fast and knowledgeable responses, earning high satisfaction ratings from global clients.

Pros of FP Markets

  • Tier-1 regulation (ASIC, CySEC)

  • Tight ECN spreads with low commissions

  • Supports MT4, MT5, and IRESS

  • Wide range of tradable assets

  • Excellent educational content

  • Social and copy trading tools

  • Supports algorithmic trading

  • Crypto deposits available

 Cons of FP Markets

  • IRESS platform has a high minimum deposit

  • No U.S. clients accepted

  • MetaTrader interface can be overwhelming for total beginners

  • Withdrawal fees on some methods

  • Limited proprietary app features compared to some competitors

FP Markets vs Competitors

BrokerBest ForMinimum DepositSpreadsPlatformsLeverage
FP MarketsECN & Share Traders$100From 0.0 pipsMT4, MT5, IRESSUp to 500:1
IC MarketsScalping/Algo Trading$200From 0.0 pipsMT4, MT5, cTraderUp to 500:1
PepperstoneLow-Fee Trading$0From 0.0 pipsMT4, MT5, cTraderUp to 400:1
eToroSocial Trading$50From 1.0 pipProprietary platformUp to 30:1
IG MarketsAdvanced Charting$250From 0.6 pipProprietary, MT4Up to 200:1

Who Should Use FP Markets?

Ideal For:

  • Day traders and scalpers needing fast execution

  • Beginners looking for solid education and tools

  • Forex traders who value ECN pricing

  • Traders seeking a broker with strong regulation

  • Algorithmic and copy traders using MT4/MT5

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Not Ideal For:

  • U.S. traders (not accepted)

  • Investors looking for stock ownership (only CFDs)

  • Those preferring a proprietary, mobile-first experience

FPMarkets Review – FAQ

Is FP Markets regulated?

Yes. FP Markets is a regulated broker, holding licenses from:

  • ASIC (Australia)

  • CySEC (Cyprus)
    It also operates under an offshore entity in St. Vincent and the Grenadines to serve international clients.

What account types are available?

FP Markets offers a few account options:

  • Standard Account – No commission, spreads from 1.0 pip

  • Raw Account – Tight spreads (from 0.0 pips), $6 commission per lot

  • Islamic Account – Swap-free for traders following Sharia law

  • Demo Account – Practice with virtual funds

What trading platforms does FP Markets support?

You can trade on:

  • MetaTrader 4 (MT4)

  • MetaTrader 5 (MT5)

  • Iress (ideal for advanced share trading)

How much do I need to open an account?

The minimum deposit is just $100 AUD (or equivalent), making it accessible to most traders.

What are the spreads and fees like?

  • Standard Account: Spreads start at 1.0 pip, no commission

  • Raw Account: Spreads from 0.0 pips, with a $3 per side commission ($6 round trip)

Does FP Markets offer copy trading or automation?

Yes. You can:

  • Use MT4/MT5 Expert Advisors (EAs)

  • Access Myfxbook AutoTrade

  • Try FP Markets’ own Social Trading app

What payment methods are available?

You can deposit and withdraw via:

  • Credit/Debit Cards

  • Bank transfers

  • E-wallets like Skrill and Neteller

  • PayPal (region-dependent)

  • Cryptocurrency (via third-party processors)

Is FP Markets beginner-friendly?

Yes. It’s suitable for new traders thanks to:

  • Easy-to-use platforms

  • A demo account

  • Free educational resources like webinars and trading guides

However, advanced tools like Iress may be better suited to experienced users.

How is FP Markets’ customer support?

Customer service is available 24/5 through:

  • Live chat

  • Email

  • Phone
    Support is offered in multiple languages and generally receives positive feedback.

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  4. FP Markets vs XM: Which Broker Offers Lower Spreads and Leverage?
  5. FP Markets vs Plus500: Comparing CFD Trading Options
  6. FP Markets vs Forex.com: A Comprehensive Comparison for Traders
  7. FP Markets vs Pepperstone: Which Broker Has Better Trading Conditions?
  8. FP Markets vs CMC Markets: Which Is Better for Active Traders?
  9. FP Markets vs FXTM: Comparing Platforms and Account Types
  10. How to Open an FP Markets Account: A Step-by-Step Guide
  11. FP Markets Account Types Explained: Standard, Pro, and Demo Accounts
  12. FP Markets Minimum Deposit Requirements in 2025
  13. How to Fund Your FP Markets Account: Payment Methods and Fees
  14. FP Markets Withdrawal Process: Timeframes, Fees, and Methods
  15. FP Markets Fees and Spreads Breakdown: What You Need to Know
  16. FP Markets Inactivity Fees: How to Avoid Unwanted Charges
  17. FP Markets Leverage and Margin Requirements Explained
  18. How to Deposit Funds via PayPal, Skrill, and Bank Transfers on FP Markets
  19. FP Markets Currency Conversion Fees: How Much Will You Pay?
  20. FP Markets Trading Platforms: MetaTrader 4, MetaTrader 5, and IRESS
  21. How to Use MetaTrader 4 (MT4) with FP Markets: A Full Setup Guide
  22. How to Set Up MetaTrader 5 (MT5) for Trading on FP Markets
  23. FP Markets WebTrader: A Simple Solution for Trading Online
  24. FP Markets Mobile App: A Guide to Trading on Your Phone
  25. How to Use FP Markets One-Click Trading
  26. FP Markets VPS Hosting: Why You Need It for Low-Latency Trading
  27. How to Use FP Markets Autochartist for Technical Analysis
  28. FP Markets Trading Signals: How to Get Free Trading Alerts
  29. How to Place Orders and Manage Risk on FP Markets Platforms
  30. What Can You Trade on FP Markets? Full List of Available Assets
  31. FP Markets Forex Trading: Supported Currency Pairs and Spreads
  32. Trading CFDs on FP Markets: Stocks, Commodities, and Indices
  33. FP Markets Cryptocurrency Trading: Which Coins Are Available?
  34. How to Trade Commodities (Gold, Silver, Oil) on FP Markets
  35. FP Markets Indices Trading: How to Trade Major Global Stock Indices
  36. FP Markets Futures Trading: What You Need to Know
  37. FP Markets Stock Trading: A Guide to Trading Equities
  38. Trading ETFs on FP Markets: How to Invest in ETFs
  39. FP Markets Bonds and Fixed Income: Available Products and Trading Conditions
  40. Is FP Markets Safe and Regulated? A Look at Their Global Licenses
  41. FP Markets Client Fund Protection: How Safe Are Your Funds?
  42. FP Markets Negative Balance Protection Explained
  43. FP Markets Data Security and Encryption Features
  44. FP Markets Customer Support Review: Contacting and Resolving Issues
  45. How to File a Complaint with FP Markets: Process and Tips
  46. FP Markets Legal Documents: Terms of Service, Privacy Policy & More
  47. FP Markets Compliance with Global Trading Regulations
  48. How to Close or Delete Your FP Markets Account
  49. FP Markets Availability by Country: Can You Trade in Your Country?
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FPMarkets Review Conclusion 

FP Markets has established itself as a top-tier global broker by combining institutional-grade trading conditions with user-friendly features. Its low spreads, advanced platforms, social trading tools, and strong regulatory backingmake it a versatile choice for both beginner and experienced traders.

Though it lacks a proprietary mobile app and doesn’t serve U.S. clients, FP Markets remains a highly recommended broker for anyone serious about forex and CFD trading.

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