FP Trading Review 2026

Trust

How FP Trading Protects Your Account

I reviewed FP Trading’s Client Agreement to understand what protections this broker offers its clients. Here is what I found:

Stability and Transparency

I learned that FP Trading was founded in 2025, making it a relatively new broker with a brief operating history. The LinkedIn company page states that it has 51-200 employees, reflecting a medium-sized operation.

I went through the client agreement and found the information about segregated funds, but nothing was said about negative balance protection of client accounts. I couldn’t find any mention of this protection measure on FP Trading’s website either, but I contacted the broker’s customer support, and they assured me that negative balance protection is provided. This discrepancy raised concern about FP Trading’s transparency.

I also noticed that FP Trading does not disclose a retail investor loss rate. However, as an offshore broker, it is not subject to FCA or ESMA mandates requiring this disclosure.

Is FP Trading Safe to Trade With?

As an offshore broker, FP Trading has very little regulatory oversight, making it relatively unsafe. But clients may be reassured by the $1M insurance policy from Lloyd’s of London and access to dispute resolution via the Financial Commission. I should point out that FP Trading goes above and beyond here, as most offshore brokers do not provide these protections. However, my research revealed transparency issues at FP Trading regarding the negative balance protection and risk notice.

Fees

FP Trading Trading Fees

FP Trading Spreads

I tested Standard and Raw account spreads on MT5 during the London open and just after the New York open on 28 July 2026. At these times, the market is typically highly liquid with the tightest spreads.

My live testing showed that the Standard account offers competitive spreads that generally beat the industry averages, especially strong for oil, indices, stocks, and Bitcoin. The Raw account was strongest in crude oil, shares, the Dow 30, and Bitcoin. Surprisingly, the Germany 40 had a much wider spread than in the Standard account.

FP Trading Commissions

With the Raw account, the broker charges commissions in addition to the spread for forex and metals only.

As the table shows, the commissions are close to the industry average.

FP Trading Swap Fees

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) for one full-sized contract. I recorded the data on 28 July 2026.

My tests showed that FP Trading’s swap fees slightly exceed the industry averages.

FP Trading Non-Trading Fees

FP Trading does not charge any inactivity or account maintenance fees.

Are FP Trading 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).

Looking at total trading costs via the Standard account, FP Trading did better than average in every asset tested, except for EUR/USD. I was impressed by the prices on WTI crude oil and Bitcoin: oil trading costs were 64% lower than our benchmark, and Bitcoin costs were 69% better.

Via the Raw account, the broker was strong in WTI crude oil, shares, and Bitcoin. EUR/USD and gold performed close to average, and there was room for improvement in the Germany 40.

Platforms and Tools

MT5 Desktop

For this review, I tested FP Trading via the desktop version of MetaTrader 5. It is a popular platform that provides the features most traders look for, without unnecessary frills. Even if it looks a bit outdated, I found MT5 reliable and efficient with fast order fills and no issues with platform freezes or crashes. MT5 offers watchlists that allow you to easily monitor your favorite instruments and alerts to notify you when prices hit specific levels. One-click trading and trading from the chart help you stay nimble and get in and out of the market fast. You can automate strategies using Expert Advisors (EAs), but API access is not currently supported.

Charts

MetaTrader 5 has sophisticated charting with 38 technical indicators and more than 40 drawing tools. 21 timeframes vary from 1 minute to 1 month, accommodating both short-term and longer-term traders. Chart layouts can be customized to your preference. Charts can also be detached and used on a second monitor.

Orders

MetaTrader 5 supports the full range of order types, including market, limit, stop-loss, and trailing stop-loss orders. You can set time-in-force conditions for pending orders, so they expire if not filled within a preset timeframe. The range of options gives traders flexibility and helps to accommodate scalping, day trading, swing trading, and automated trading. Depth of Market (DoM) is also supported, showing the number of orders at each price level.

MT5 Web

I also tested the web version of MT5. It offers a polished, browser-based trading experience that feels similar to TradingView. MT5 web combines an intuitive layout with smooth navigation. Its charting package is solid for a web-based platform, with 30 indicators, 24 drawing tools, 9 timeframes, and support for candlestick, line, and bar charts. One-click trading is available for speedy order entry. MT5 web supports all major order types, including market, limit, and stop loss orders. A feature I especially like is that you can add economic events to the chart itself, so you are never taken by surprise by a major release.

MT5 Mobile App

I tested the FP Trading MT5 mobile app (build 5830) on my iPhone 15 Pro Max (iOS version 26.5.2). The app is user-friendly, with an uncluttered interface. I found it easy to manage watchlists, analyze charts, and place trades from my smartphone. I also liked having access to an economic calendar that helps you stay on top of major economic events while on the move.

Charting is comprehensive for an app, with candlestick, line, and bar charts, 36 indicators and drawing tools, and 9 timeframes from 1 minute to 1 month. One-click trading and trading from the chart are available for fast order entry. When it comes to orders, you can access market, limit, and stop loss orders.

I found it easy to place trades, analyze charts, and browse watchlists from the MT5 app. But keep in mind that there is no cross-device synchronization, so your MT5 desktop settings, like chart and watchlist configurations, are not automatically synced with the app.

VPS Hosting

A VPS (Virtual Private Server) is a remote computer that runs 24/7 in a professional data center. Forex and CFD traders use it to keep their platform running continuously even when their computer is off or loses connection to the internet. Another benefit is reduced latency, which enables your orders to reach your broker’s server faster.

FP Trading provides free VPS hosting when you make a minimum deposit of $1,000 USD. There is also a monthly volume requirement of 5 lots on a Standard account and 10 lots on a Raw account.

Execution

Execution Model

Orders are executed on third-party execution venues, with the broker acting as the agent on the client’s behalf rather than the counterparty. Execution is carried out in accordance with the broker’s Best Interest and Order Execution Policy. Market orders are executed at the best available market price.

Execution Speed

I tested execution speeds during the London open, using the MT5 journal. Speeds were consistently better than average in every asset I tested, indicating fast, reliable order fills.

Tradable Instruments

What Can You Trade with FP Trading?

To better illustrate the range of instruments available at FP Trading, I compiled samples from various asset classes:

The coverage of forex pairs, shares, commodities, and indices is comfortably above the industry average. I noted a strong range of Hong Kong shares (106) and a diverse range of crypto ETFs (12). Gold traders have plenty of instruments to work with, including XAU/USD, XAU/EUR, and XAU/AUD. This enables them to speculate on the yellow metal in multiple major currencies, rather than just the US dollar.

Customer Support

Customer Support Channels

FP Trading Customer Support Test

I tested agents with simple questions like whether an Islamic account is available, to harder ones relating to regulation and fee structures. I couldn’t understand from the website whether Raw account commissions are charged on all assets. FP Trading’s support team clarified that commissions are charged only on forex and metals. Instant chat support is a luxury, and I also had same-day responses via email and a little wait time via phone.

Deposit and Withdrawal

How Do You Deposit Money with FP Trading

How Do You Withdraw Money from FP Trading

The available deposit currencies vary depending on the payment method you choose and your region. There are no conversion fees charged by FP Trading.

Account Types and Terms

How to Open an Account with FP Trading

To open a live account, you must complete the following steps:

1. Enter your email, country, name, phone number, address, date of birth, and gender.
2. Enter financial info, including occupation, income, and source of funds.
3. Select your platform, account type, base currency, and maximum leverage.
4. State the amount of trading experience you have.
5. Upload proof of identity (passport, national ID, driver’s license), proof of address (bank statement, credit card statement, utility bill).

6. Feature	Standard Account	Raw Account
   Platforms	MT4, MT5, cTrader	MT4, MT5, cTrader
   Minimum Opening Balance	$100	$100
   Instruments	Forex, Commodities, Indices, Shares, ETFs, Crypto	Forex, Commodities, Indices, Shares, ETFs, Crypto
   Maximum Leverage	1:500	1:500
   Execution Model	ECN Pricing	ECN Pricing
   Commissions Per Lot	Zero	$3 Per Side
   Minimum Trade Size	0.01	0.01
   VPS	Available	Available

Demo Account

Demo versions are available for Standard and Raw accounts. You can choose between MT4, MT5, and cTrader, select your preferred base currency (USD, EUR, GBP, SGD, CHF, CAD, JPY, HKD, PLN, ZAR, BRL), and set your available leverage (up to 1:500).

Islamic Account

I confirmed that FP Trading offers Sharia-compliant Standard and Raw trading accounts that eliminate overnight swap charges.

What Leverage Does FP Trading Offer?

The maximum leverage is 1:500. This means that with $1,000, you can control up to $500,000 worth of positions in the market. This is a very high level of leverage. For comparison, in the UK and EU, retail traders are restricted to a maximum leverage of 1:30. I’d recommend keeping in mind that leverage can amplify both your profits and losses.

Below, I outlined how FP Trading’s leverage varies by asset class:

FP Trading Restricted Countries

FP Trading does not accept applications from residents of the following countries: the USA, Israel, New Zealand, Iran, Russia, Myanmar, and North Korea.

Research

FP Trading AI is an AI-powered analytics tool built directly into the client portal. It provides traders with personalized performance reports without additional software. Analyzing your trading history and behavior, it provides insights into performance, risk management, and trading discipline.

You can identify harmful patterns like overtrading, emotional decision-making, and inconsistent position sizing. These insights are designed to help traders refine their strategies and make more informed decisions.

Trading Central provides a suite of research and trading tools designed to help traders identify opportunities in the markets. The offering includes technical analysis, market sentiment, an economic calendar, and featured trading ideas. The tool is built into the client portal and can support both short and long-term traders.

The news tab in MT5 provides a stream of market updates and economic headlines from sources like TD Securities, HSBC, and Société Générale. I found it a bit limited, though, because all you get is the headline.

Education

The Bottom Line

FP Trading was founded in 2025 and offers more than 1,000 CFD instruments across forex, commodities, indices, shares, ETFs, crypto, and futures. Traders can select between MT4, MT5, and cTrader, with leverage of up to 1:500.

I found trading costs to be one of FP Trading’s strongest features. The Standard account outperformed industry averages in nearly every instrument I tested, with standout pricing in WTI crude oil and Bitcoin. The Raw account also delivered competitive pricing, especially for GBP/JPY, WTI crude oil, shares, and Bitcoin, with commissions in line with industry averages.

I was also impressed by the combination of fast execution, innovative research tools, and superb customer support. During my tests, execution speeds consistently beat industry averages, live chat connected me with an agent immediately, and traders have access to Trading Central, along with the FP Trading AI performance analytics tool.

The broker’s biggest limitation is its relatively weak regulatory profile. But while it holds offshore licenses and lacks Tier-1 regulation, client accounts benefit from segregated funds, negative balance protection, Lloyd’s of London insurance up to $1M, and access to dispute resolution through the Financial Commission. Educational materials are very limited, which is a notable drawback for beginners.

I rate FP Trading as best for active traders seeking low trading costs, fast execution, advanced platforms, and a broad range of markets, provided that they are comfortable with the risks of working with an offshore broker.

Disclaimer: What I Did not Test

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

1. Open a live account.
2. Deposit or withdraw real funds.
3. I did not test the cTrader platform, only MT5.