Is FP Markets a safe broker?

FP Markets is a regulated broker. Our independent testing gave it an overall safety score as part of our 7.5/10 rating. Always verify the current regulatory status directly with the relevant authority before trading.

What is the minimum deposit for FP Markets?

Minimum deposit requirements at FP Markets vary by account type and region. Check the FP Markets website directly for the most up-to-date deposit requirements for your country.

How does FXTopBrokers rate FP Markets?

FXTopBrokers rates FP Markets 7.5/10 overall, based on independent testing with a real funded account. We assess regulation and safety, spreads and commissions, execution quality, platform and tools, withdrawals, and customer support.

FP Markets Review 2026 — Spreads, Fees & Platforms Tested

Name: FP Markets Review 2026
Item: FP Markets
Rating: 8.9
Author: James Whitfield

Quick Facts — Updated January 2024

Founded

2005

Headquarters

Sydney, Australia

Regulation

ASIC, CySEC

Min. Deposit

$100

Typical Spread

0.0 pips (Raw)

Commission

$3.00/lot

Platforms

MT4, MT5, cTrader, Iress

Max Leverage

Up to 1:500

Overview

Is FP Markets a Good Broker?

FP Markets is one of the most underrated ECN brokers available to retail traders. Founded in 2005 — before many better-known competitors — it has built a quiet reputation for tight spreads, fast execution, and solid ASIC regulation without the marketing overhead of larger firms.

The Raw account delivers genuine ECN pricing: 0.09 pip average EUR/USD spread with a $3.00/lot commission. The standout feature is Iress integration — a professional Direct Market Access platform normally reserved for institutional traders, giving FP Markets clients real-time Level 2 order book data and DMA access to ASX equities alongside forex.

✓ Advantages

✓Raw ECN spreads avg. 0.09 pips on EUR/USD

✓Iress DMA platform — Level 2 order book

✓MT4, MT5, and cTrader all available

✓ASIC regulated since 2005

✓$3.00/lot commission — below industry average

✗ Disadvantages

✗Brand less known outside Australia

✗Education content thinner than XM or AvaTrade

✗Support slowest outside AEST hours

✗$100 minimum for Raw account

Scoring Breakdown

How FP Markets Scored (out of 10)

Regulation & Safety

9.2

Spreads & Commissions

9.3

Execution Speed

9.0

Platforms

9.1

Deposits & Withdrawals

8.7

Customer Support

8.2

Education

7.0

Account Types

8.5

Our Verdict

Should You Open a FP Markets Account?

Best for: Active traders and scalpers wanting institutional ECN pricing. Australian traders needing DMA access to ASX equities alongside forex through Iress.

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Common Questions

FP Markets FAQ

What is FP Markets' Raw account?+

ECN/STP execution with spreads from 0.0 pips plus $3.00 commission per side per standard lot. Available on MT4, MT5, and cTrader.

Does FP Markets have cTrader?+

Yes — one of few brokers offering MT4, MT5, and cTrader simultaneously.

Is FP Markets safe?+

ASIC licence #286354 and CySEC licence #371/18. Client funds segregated at Westpac and NAB.

What is the Iress platform?+

Iress is a professional trading platform with Level 2 DMA access to ASX shares, futures, and options. Rare at the retail broker level. Available at FP Markets for equity traders.

⚠ Risk Warning: Trading forex and CFDs involves significant risk of loss. 68–89% of retail investor accounts lose money. This review is for informational purposes only and does not constitute financial advice.