CW
Chris W.
Australia · Sep 27, 2026
Low costs and great support
Moved from another broker to FP Markets for the lower commission. Very happy with the move.
Forex Broker
FP Markets Review 2026
Low-cost ECN trading on MT4, MT5, cTrader & TradingView
Founded 2005 Sydney, Australia fpmarkets.com Reviewed October 2026
ASICCySECFSCAFSA (SC)CMA
Min. deposit
$100
Max leverage
1:500
Spread from
0.0 pips
Platforms
MT4, MT5, cTrader
Our score
4.6
Excellent
Traders rate it ★ 5.0 (1 review)
Visit BrokerCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor acco…
Our verdict
FP Markets offers some of the lowest all-in trading costs in the market with excellent platform choice. It is a strong alternative to IC Markets and Pepperstone, particularly for traders who want a very large range of share CFDs.
Best for: Low-cost ECN trading
FP Markets at a glance
FP Markets is an ASIC- and CySEC-regulated broker with nearly two decades of history. It offers ECN pricing, a deep product range and excellent platform choice at a very competitive cost.
Rating breakdown
Weighted scores from our broker methodology
Trust & Regulation4.6
Fees & Spreads4.8
Platforms & Tools4.8
Research & Education4.3
Deposits & Withdrawals4.6
Customer Support4.7
Pros and cons
Pros
- Low $3 commission on Raw accounts
- 10,000+ instruments including share CFDs
- All four major platforms supported
- Strong regulation with ASIC and CySEC
- 24/7 multilingual support
Cons
- Research tools are good but not outstanding
- Inactivity checks on dormant accounts
- Standard account spreads are average
Key facts
- Founded
- 2005
- Headquarters
- Sydney, Australia
- Minimum deposit
- $100
- Maximum leverage
- 1:500
- Spreads from (EUR/USD)
- 0.0 pips
- Commission (raw / ECN account)
- $3.00 per side per lot (Raw account)
- Execution model
- ECN, NDD
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App
- Markets
- Forex, Indices, Commodities, Metals, Energies, Stocks, ETFs, Crypto, Bonds
- Number of instruments
- 10,000+
- Regulators
- ASIC, CySEC, FSCA, FSA (SC), CMA
- Restricted countries
- USA, Japan, New Zealand
- Deposit methods
- Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Crypto, Perfect Money, Local Bank Transfer
- Withdrawal processing time
- Within 1 business day
- Support hours
- 24/7
- Website
- fpmarkets.com
Account types
| Account | Min. deposit | Spread | Commission | Leverage |
|---|---|---|---|---|
| Standard | $100 | From 1.0 pips | None | 1:500 |
| Raw | $100 | From 0.0 pips | $3.00 / side | 1:500 |
Is FP Markets safe and regulated?
FP Markets is authorised by 5 financial regulators: ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (SC) (Seychelles) and CMA (Kenya).
This includes tier-1 oversight from ASIC — among the strictest regulators in the world, with capital requirements, regular audits and client-money rules.
Client protections include segregated funds and negative balance protection.
Note that FP Markets does not accept clients from USA, Japan and New Zealand.
ASIC
Australian Securities & Investments Commission · Tier 1
CySEC
Cyprus Securities and Exchange Commission · Tier 2
FSCA
Financial Sector Conduct Authority · Tier 2
FSA (SC)
Financial Services Authority · Tier 3
CMA
Capital Markets Authority · Tier 3
ASIC AFSL 286354CySEC 371/18FSCA FSP 50926FSA SD130
Fees, spreads and commissions
Spreads at FP Markets start from 0.0 pips on EUR/USD, while the typical spread on the standard account is around 1.1 pips.
Commission on raw or ECN-style accounts: $3.00 per side per lot (Raw account).
The minimum deposit is $100.
Funding fees: No deposit fees; most withdrawals free.
Trading platforms and markets
FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader and Mobile App.
Advanced traders benefit from copy trading, expert advisors and algorithmic trading, free vps and pamm/mam.
You can trade 10,000+ instruments across forex, indices, commodities, metals, energies, stocks, etfs, crypto, and 1 more.
Execution model: ECN and NDD.
Deposits and withdrawals
Supported funding methods include Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Crypto, Perfect Money and Local Bank Transfer.
Withdrawal processing time: Within 1 business day.
Accounts can be opened in USD, EUR, GBP, AUD, CAD, SGD, JPY, CHF and HKD.
Customer support
Customer support is available 24/7 via live chat, email and phone.
Trader reviews
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FP Markets FAQ
Is FP Markets regulated?
Yes. FP Markets is regulated by ASIC, CySEC, FSCA, FSA (SC) and CMA.
What is the minimum deposit at FP Markets?
The minimum deposit at FP Markets is $100.
Which trading platforms does FP Markets offer?
FP Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader and Mobile App.
Does FP Markets offer Islamic (swap-free) accounts?
Yes, FP Markets offers swap-free Islamic accounts on request.
How long do withdrawals take at FP Markets?
Withdrawals at FP Markets are typically processed within 1 business day.
What is the maximum leverage at FP Markets?
Maximum leverage is 1:500, depending on the entity, account type and your location. Retail clients in the UK, EU and Australia are usually capped at 1:30.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70% and 85% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.