FP MARKETS

Company Overview

FP Markets is an Australian-based online brokerage firm founded in 2005. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring transparency, investor protection, and compliance with strict financial standards.

FP Markets offers a wide range of trading instruments, including 70+ forex pairs, 10,000+ stocks, 19 indices, commodities, bonds, metals, and cryptocurrencies. The broker provides multiple trading platforms such as MT4, MT5, TradingView, cTrader, and the FP Markets Trading App, catering to both beginners and professional traders.

Quick Facts

• Founded: 2005

• Headquarters: Australia

• Regulation: ASIC, CySEC

• Trading Instruments: Forex, stocks, indices, commodities, bonds, metals, cryptocurrencies

• Account Types: Standard, Raw

• Leverage: Up to 1:500 (depending on entity & instrument)

• Spreads: From 1.0 pips (Standard) / From 0.0 pips (Raw)

• Minimum Deposit: 100 AUD or equivalent

• Demo Account: ✅ (30 days, extendable)

• Islamic Account: ✅ (Swap-free)

• Platforms: MT4, MT5, TradingView, cTrader, FP Markets App

• Payment Methods: Visa, MasterCard, BPAY, UnionPay, POLi, PayPal, Skrill, Neteller, Fasapay, Bank Transfer

• Deposit Fees: ❌

• Withdrawal Fees: ✔ (on some methods)

• Customer Support: 24/7 live chat, email (supportsc@fpmarkets.com), phone (+44 20 3831 3622)

• Restricted Countries: Afghanistan, Cuba, Iran, Iraq, Liberia, Libya, Myanmar, Palestine, Russia, Somalia, Syria, Sudan, Yemen, USA

Pros and Cons

Pros
✔ Regulated by top-tier authorities (ASIC & CySEC)
✔ Wide range of trading instruments (forex, stocks, crypto, bonds, etc.)
✔ Low spreads and competitive pricing
✔ High leverage up to 1:500 (ASIC entity)
✔ Multiple platforms (MT4/5, TradingView, cTrader, FP Markets App)
✔ Free demo account
✔ Islamic account available
✔ Rich educational resources (webinars, guides, tutorials)
✔ Negative balance protection
✔ 24/7 multilingual customer support

Cons
✘ Limited live account types (only Standard & Raw)
✘ Withdrawal fees for some payment methods
✘ Higher minimum deposit compared to some brokers
✘ Restricted in certain regions (e.g., US, Russia, Iran)

Trading Conditions

• Leverage:

  • Up to 1:500 under ASIC (Australia) for major forex pairs

  • Up to 1:30 under CySEC (Europe), in line with ESMA regulations

  • Lower leverage for commodities and indices

⚠️ High leverage increases potential profits but also risk. Proper risk management is essential.

• Spreads & Commissions:

  • Standard Account: From 1.0 pips, no commission

  • Raw Account: From 0.0 pips + $3 per lot commission (MT4/MT5) or $3.5 per lot (cTrader)

Account Types

• Standard Account: Commission-free, spreads from 1.0 pips

• Raw Account: Tight spreads from 0.0 pips, commission per lot

• Islamic (Swap-Free) Account: Available on request for both Standard & Raw accounts

• Demo Account: Free, 30 days (extendable), real market conditions

Trading Platforms

FP Markets supports multiple platforms:

• MT4: Beginner-friendly, robust, widely used

• MT5: Advanced features, more timeframes, additional order types

• cTrader: Suitable for ECN traders with advanced charting tools

• TradingView: Popular for chart analysis and social trading

• FP Markets App: Mobile-first solution for trading on the go

The broker also provides copy trading services, including Myfxbook AutoTrade, Signal Start, cTrader Copy, and FP Markets Social Trading.

Deposits & Withdrawals

• Minimum Deposit: 100 AUD (or equivalent)

• Deposit Fees: None

• Withdrawal Fees: Apply on some methods

• Processing Time:

  • Deposits: Instant to 1 business day

  • Withdrawals: Instant (e-wallets) to 5 business days (bank transfers)

Educational Resources

FP Markets offers comprehensive resources for traders, including:

• Video tutorials

• Webinars

• Podcasts

• Trading guides & eBooks

• Glossary of trading terms

• Demo accounts for practice

These materials are well-suited for both beginners and advanced traders, highlighting FP Markets’ commitment to client education.

Customer Support

• Availability: 24/7

• Channels: Live chat, email, phone, multilingual support

• Languages: English, Chinese, Spanish, Portuguese, and more

• Extras: Extensive FAQ section

Is FP Markets Legit?

✅ Yes. FP Markets is a regulated broker under two respected authorities:

• ASIC (Australia) – one of the world’s most trusted regulators

• CySEC (Cyprus) – reputable EU regulator under ESMA framework

This ensures FP Markets operates transparently, follows strict financial rules, and provides investor protection.

Conclusion

FP Markets is a well-established, highly regulated broker offering competitive spreads, diverse instruments, and multiple platforms for both beginners and professionals. Its strengths include strong regulation, flexible account options, educational resources, and reliable customer support.

While limited account types, withdrawal fees, and regional restrictions may be drawbacks, FP Markets remains a reputable and competitive choice for traders seeking a trusted broker with robust trading conditions.