FP Markets Review 2026

Trust

How Does FP Markets Protect You?

I went over FP Markets’ client agreement and risk notice to assess how it protects you. These and other important legal documents are available under the ‘Regulation & Licenses’ section of the website.

Here is what I found out about First Prudential Markets Pty Ltd:

Note: The protections you might be entitled to depend on the entity you choose to open an account with.

To learn more about the most important safety mechanisms and how they apply to you, check our dedicated guide on client protections.

Stability and Transparency

The first thing I did was to check FP Markets’ background. I reviewed the broker’s website and social media channels to learn more about the company – its corporate structure and business operations. From its LinkedIn page, I learned that FP Markets is headquartered in Australia and was established in 2005. It employs over 400 professionals. This is more than with other brokers and underscores FP Markets’ growth potential.

I really appreciated FP Markets’ high level of transparency. The broker claims that around 74.56% of retail traders lose money with it (the percentage is updated quarterly). This is a standard practice among brokers authorized by Tier-1 regulators and is meant to warn prospective clients of the dangers of trading financial derivatives.

My one small gripe is that FP Markets does not have a live spreads screener on its website. The broker only displays its average costs, which is not enough to give casual website visitors a clear understanding of the broker’s fee competitiveness and transparency.

Is FP Markets Safe?

Based on my research, I concluded that FP Markets can be considered very safe to trade with due to the following factors:

• Authorized by multiple Tier-1 regulators.
• Keeps client funds segregated.
• Ensures negative balance protection.
• Maintains a very high degree of transparency.
• Caps retail leverage at 1:30 on its Australian (ASIC) entity.

Fees

FP Markets Trading Fees

FP Markets Spreads

I tested FP Market’s spreads on Standard and Raw accounts on 28 April during the London and New York market openings. I used live accounts on the MetaTrader 5 platform. Here are my results:

Standard Account: FP Markets’ spreads on the Standard account are generally better than the industry average. I was most impressed by the 0.5 basis points I captured on the German DAX index and the 1.25 basis points average on the Dow Jones 30. This makes FP Markets a great pick for index traders.

The spreads I recorded with a Standard account on 28 April during the London market opening (10:00 on the image above), using the MetaTrader 5 platform.

Raw Account: The Raw account offers lower FX, stock, gold, and cryptocurrency spreads than the Standard account. Index and WTI spreads were the same on the Raw account, but forex and commodity spreads exceeded the benchmark.

The spreads I recorded with an ECN account on 28 April during the London market opening (10:00 on the image above), using the MetaTrader 5 platform.

FP Markets Commissions

In addition to spreads, FP Markets charges round-trip commissions on both Standard and Raw accounts. A round-turn (also round-trip) commission is a fee you pay to open and close a full-sized contract (100,000 units).

FP Markets’ $0.02 per share commission, which extends to both the Standard and Raw accounts, is pretty normal for the industry. The same applies to the Raw account’s $6 commission on currency pairs and metals. And while it does not feature a commission on energies, indices, and cryptocurrencies, the markup is built into the spread.

FP Markets Swaps

I tested FP Markets’ swaps on Standard and Raw accounts on 27 April 2026. I used live accounts with the MetaTrader 5 platform.

The values listed below are for one full base currency contract (100,000 units):

FP Markets’ $7.22 swap long came in more than 10 times lower than the industry benchmark. Given also the better-than-average spread I captured on the index, I found FP Markets a great option for day and swap traders who prefer indices.

Please note that swaps fluctuate over time, subject to changing interest rates.

Are FP Markets’ Fees Competitive?

To help you understand how much you’ll pay to trade each instrument, I calculated the cost of trade using the formula: spread rate x pip value + commission rate (swaps are not included).

FP Markets’ Standard account offers better costs of trade than the industry average across all other popular assets I tested, except for the slightly elevated EURUSD cost. The $5.9 DAX 40 and $20 BTCUSD costs of trade were especially low.

I also found that the Raw FP Markets account generally offers lower trade costs than the Standard account, but higher than those of other brokers’ raw-spread accounts.

FP Markets Non-Trading Fees

Inactivity Fee: $0

Deposit and Withdrawal Fees: $0

Platforms and tools

FP Markets cTrader

For this review, I tested the cTrader platform because it accommodates the greatest number of trading styles. You can use its advanced charting for price action analysis, or its integrated market research for news trading. cTrader also provides complex order types, such as stop-limit orders, for greater control and more flexible trade execution.

cTrader also supports copy trading and automated trading. If you want to copy other traders’ positions, you can sift through the available strategies and assess them based on their performance.

For algo trading, you can purchase off-the-shelf trading bots or use cTrader’s comprehensive trading environment to develop your own trading algorithms.

From the main panel, you can access a variety of additional tools and services. From the ‘Symbol’ tab, you can access detailed information about the asset you plan to trade – the parameters of your potential trade, the current swap long and swap short, depth of market (DoM) info, and more. You can also access a news screener and an economic calendar to keep pace with the latest market-moving headlines and releases.

Availability & Features

The cTrader platform by FP Markets is also available across all major web browsers and supports 23 languages, including English, Spanish, German, Arabic, and Chinese.

cTrader also includes:

• Customizable Watchlists: Save and track your favorite instruments in one place.
• Chart Trading: Place and manage orders directly from the chart, including entry points, volume, stop-loss, and take-profit levels.
• One-click Trading: Gain instantaneous market entries and never miss out on a good trading opportunity.
• Speed Gauge: Monitor your execution speed and server location to ensure you are always trading under optimal conditions.
• DoM Trading: The Depth-of-Market (DoM) tool is used by high-volume traders and scalpers for instant entries at various price levels. The cTrader platform features ‘Standard DoM’, ‘Price DoM’, and ‘VWAP DoM’ (Volume-Weighted Average Price).
• No Minimum Distance Restrictions: Place your take profit and stop-loss orders as close to your entry prices as you wish. This makes cTrader the ideal trading station for exercising tight risk management.

Charting & Analysis Tools

cTrader is loaded with analytical tools, including:

• 97 built-in technical indicators: From trend-following to oscillators and volume-based tools. You can use these to spot price trends and ranges and to assess their strength. For example, the latest rebound from the upper Bollinger band (the Bollinger Bands tool tracks changes in market volatility) signals the likely end of the bullish correction.
• 20+ drawing tools: Including Fibonacci retracements, Elliott Waves, and more for technical pattern spotting. I use tools like Fibonacci retracement levels to identify major support and resistance levels within a price trend. I then use these as reference points for possible rebounds/reversals or breakouts/breakdowns, depending on the underlying trend’s direction.
• 26 timeframes: cTrader offers the largest timeframes selection, which is great for multi-timeframe analysis. Usually, I use higher timeframes (above 4H) to determine the market’s general direction and smaller timeframes (below 1H) to spot viable entries within the broader trend.
• 6 chart types: Line, bar, candlestick, and more options that let traders view price action in their preferred format. Personally, I prefer candlesticks because they provide a more comprehensive picture. For example, a bullish Marubozu candlestick may signify strong buying sentiment, whereas the formation of a shooting star candlestick may indicate a possible bearish reversal.

Order Types

• Market Orders: Instant execution at the best available price — ideal for quick entries.
• Limit Orders: Target a specific price level for entry, though full execution isn’t always guaranteed.
• Stop Orders: Protect open positions with predefined risk levels. Stop-loss orders automatically convert into market orders once triggered.
• Stop-Limit Orders: Unlike most other platforms, cTrader also supports stop-limit orders. Once the stop price is reached, the order becomes a limit order that will be filled at the specified price, or better.

cTrader App

I tested the cTrader app by FP Markets on my personal Google Pixel phone running Android.

I used the app to place market, limit, and stop orders, and to manage my overall exposure. Everything worked smoothly for me. You can also use the app to access a variety of market analytics, including a news screener and an economic calendar, as well as cTrader’s copy trading environment.

FP Markets Execution

Execution Model

FP Markets operates as an Electronic Communication Network (ECN) broker. Buying and selling orders are matched electronically using communication networks.

Execution Speed

According to FP Markets’ website, the broker achieves average order execution speeds of 40ms across its different entities. While this is better than the industry average of 60ms, the execution speeds you may encounter with FP Markets may differ considerably. It depends on your location relative to the location of the broker’s servers. Your internet speed is also a factor.

I used the MetaTrader 5 platform to measure FP Markets’ order execution speed. I did that by placing several orders on the EURUSD, Gold, Crude Oil, the Dow Jones 30, Germany 40, Apple, Tesla, and Bitcoin. These orders were executed in quick succession on 27 April, just after the New York market opening.

Please note that I used a demo account for my hands-on tests because I did not deposit real capital to my live account.

Tradable instruments

What CFDs Can You Trade With FP Markets?

Customer support

Customer Support Channels

Customer Support Test

The first time I contacted FP Markets was on 28 April at around 10:00 CET via live chat. Initially, I had to provide my name and email address and navigate a chatbot. When I requested to speak to an agent, one connected within several seconds.

I began by asking some basic questions. Such as whether FP Markets charges any fees for deposits and withdrawals, and which account base currencies are available. The agent responded swiftly. However, when I inquired about the maximum retail leverage available with FP Markets across various asset classes, the agent seemed a bit confused. They responded that the maximum level was 1:30, which is true for FX pairs but not so for instruments across all asset classes.

The agent also did not seem to be aware that both copy and automated trading are available with FP Markets. I previously confirmed by myself that you can indeed copy trades from other FP Markets clients or engage in algo trading via cTrader, MT4, or MT5.

I contacted FP Markets’ support again on the following day, 29 April, at around 08:00 CET. This time around, I tested the chatbot, asking it some pretty straightforward questions, such as “Do you offer Islamic accounts?” and “In what languages do you offer customer support?” It had no difficulty answering those; however, when I asked about the difference between the Mottai and Iress platforms, it immediately connected me to an agent.

This time, the agent seemed much more savvy and had no problem outlining the key differences between the two platforms. Overall, I was satisfied with the assistance I received, and I rate FP Markets’ customer support as high quality.

Deposit and withdrawal

Please note that I did not deposit any real funds with FP Markets for the purposes of this review.

How Do You Deposit Money with FP Markets

Note that if your deposit currency differs from your account base currency, you may have to pay a conversion fee.

How Do You Withdraw Money with FP Markets

Account types and terms

How to Open an Account With FP Markets

To open an account with FP Markets, follow these simple steps:

1. Click ‘Open Live’ at the top-right corner of the main page.
2. State your name, email address, and gender.
3. Choose an account type and enter your country of residence.
4. Confirm you are not a US citizen for tax purposes.
5. Choose your preferred language and enter your number.
6. State the financial products you are most interested in trading.
7. Enter your DoB and physical address.
8. Elaborate on your financial background and employment history.
9. Configure the parameters of your trading account.
10. Upload proof of ID and proof of address to verify your account.

FP Markets Account Types

There is virtually no difference between the FP Markets Standard and Raw accounts apart from their pricing mechanisms. Given that they both have no minimum deposit requirement, but the Raw account features lower fees, I can recommend it over the Standard option. I also learned that the two accounts support all available trading platforms – MT4, MT5, cTrader, and TradingView.

Iress Accounts

If you want to access DMA pricing, obtained directly from an exchange’s order books, and trade on more than 10,000 Australian and global stocks, you will have to sign up for an Iress account with FP Markets. It serves retail and wholesale/professional clients (high-net-worth individuals or institutional traders) and has a minimum deposit requirement of $1,000.

Professional Accounts

FP Markets offers professional accounts with fewer restrictions than its retail accounts. The chief difference is the higher maximum leverage of 1:500. Here is the eligibility criteria for FP Markets’ professional accounts on the ASIC-regulated entity:

Swap-Free (Islamic) Accounts

FP Markets does not offer Islamic accounts for swap-free trading on its Australian entity. However, the service is available by request through the broker’s other subsidiaries.

What Leverage Does FP Markets Offer?

The maximum retail leverage with FP Markets is 1:30, which is standard for a broker authorized by a Tier-1 regulator like ASIC. This means that if you use just $100 to open a trade and utilize the full 1:30 leverage, you would be able to open a position worth $3000.

A word of caution: Trading on margin with high leverage is extremely risky and may result in significant losses.

FP Markets states that around 73% of its retail clients lose money trading leveraged products.

FP Markets Restricted Countries

FP Markets does not accept traders from the United States, Japan, New Zealand, North Korea, Iran, or any other country or jurisdiction where trading is prohibited by law.

Research

Economic Calendar

The FP Markets economic calendar lets you filter upcoming economic releases and events by date, country, event type, and significance. You can use the calendar to prepare for events that could trigger a significant market reaction and move prices.

Autochartist Content

You can download the Autochartist plugin and use it on your FP Markets platform (MT4, MT5, or cTrader) to access actionable trading signals on a variety of trading instruments. A typical Autochartist signal typically includes an analysis of a price pattern (e.g., a rising wedge) and what it might imply. Key support and resistance levels are also flagged. These signals may last from several minutes to several hours, making them a great fit for day traders.

Market Insights

FP Markets used to publish regular market overviews on its blog, helping traders make sense of global market events and trends. However, the broker has significantly dialed down the volume of content published there. For example, the last article was posted on 10 February 2026 and covered the recent US jobs report.

Trading Webinars

On the plus side, FP Markets has ramped up the production of its webinar and podcast episodes. I consider them a great alternative to written market reviews because they are easier to consume.

I checked out the latest webinar episode on the impact of the ECB’s monetary policy in Europe and the FED’s in the US on the EURUSD in Q2 of this year. The market expert hosting the FP Markets webinars spoke clearly and explained the current impact of the two central banks’ monetary policies on the EURUSD and how they affected demand.

Education

FP Markets’ Academy offers numerous platform tutorials to help beginners learn how to use its multiple platforms. There are also the trading glossary and trading guides sections, which shed light on basic trading concepts. You can refer to them to learn what a pip is and how to read price action.

FP Markets has also published several ebooks that delve much deeper. You can download them if you want to learn about more complex topics, such as how central banks’ monetary policies impact foreign exchange or what Elliott Wave theory is. The ebooks are a great supplement to the trading courses, which examine the same topics from different angles. I found them suitable for intermediate and advanced traders.

You can also access past webinars and podcast episodes on the broker’s YouTube channel or sign up for upcoming events on the website. FP Markets’ webinar episodes are available in multiple languages, including English, Chinese, Spanish, Arabic, Polish, Vietnamese, Thai, and Italian. I like the 1-hour video format because hearing a market expert discuss a range of important topics helps beginners and intermediate traders gain practical insights that can take a long time to master on their own.

The bottom line

FP Markets is an Australian forex and CFD broker founded in 2005. It distinguishes itself with its rich collection of trading platforms and 10,000+ tradable instruments across FX pairs, commodities, stocks, indices, cryptocurrencies, ETFs, and bonds.

The highlight of the review was FP Markets’ multiple trading platforms, including MT4, MT5, cTrader, and TradingView. My tests confirmed that they feature advanced charts and integrated market research, making them suitable for day and news traders. I also consider that all these platforms can serve algo traders, stock traders, and traders interested in copy trading. Additionally, FP Markets gives access to more advanced platforms – Mottai and Iress that serve experienced traders looking for real stocks and DMA trading.

I appreciated FP Markets’ fair prices, which, for the most part, beat the industry average. The 0.5-basis-point DAX40 spread I recorded was the standout for me. On the other hand, the slightly elevated spreads I captured for FP Markets’ EURUSD and XTIUSD (crude oil) exceeded our benchmark.

FP Markets is also making strides with its robust market research, including actionable trading signals from Autochartist, and layered educational content. Its comprehensive Academy features multiple tutorials, guides, ebooks, webinars, and podcasts. The offering as a whole is far richer and more diverse than with most other brokers.

I did not find many drawbacks to FP Markets, except for high overnight fees on some popular instruments and the lack of VPS hosting and Islamic accounts in some regions.

What I Did not Test

Please note that for this review of FP Markets, I did not:

1. Use live accounts to test FP Markets’ order execution speeds;
2. Upload proof of ID and proof of address to fully verify my FP Markets’ live accounts;
3. Deposit or withdraw real capital into or from FP Markets – my score for the Deposits and Withdrawals category is based on my assessment of the broker’s payment options and listed fees.