FP Markets delivers raw ECN spreads from 0.0 pips alongside cTrader and TradingView integration, though international accounts route through an offshore entity.
Spreads from
1 pips
Commission
$3 per lot per side
Min deposit
$100
Established
2005
Regulated by
ASIC · CySEC · FSCA (South Africa) · CMA (Kenya) · FSA Seychelles
Written byLaverlane Team·Updated10 Oct 2026
Researched with AI assistance and verified by our editors
Regulation
FP Markets holds regulatory licences across multiple jurisdictions led by Tier-1 oversight in Australia.
First Prudential Markets Pty Ltd holds an ASIC licence (286354) in Australia, while First Prudential Markets Ltd operates under CySEC (371/18) in Cyprus. Additional regional entities operate under the FSCA in South Africa and the CMA in Kenya. International traders contract with First Prudential Markets Ltd registered in Seychelles under FSA licence SD 130. This offshore structure allows leverage up to 1:500, but lacks Tier-1 regulatory safeguards or statutory dispute resolution. In February 2026, CySEC announced a €100,000 settlement with First Prudential Markets Ltd concerning compliance with CFD restrictions between March 2022 and August 2025; no admission of wrongdoing was reported.
Key facts
Operating since 2005, FP Markets has built a global presence focused on electronic execution.
Client-facing entity
First Prudential Markets Pty Ltd
Regulators
ASIC, CySEC, FSCA (South Africa), CMA (Kenya), FSA Seychelles
Restricted countries
US, AF, IR, KP, CU, IQ, LR, LY, MM, PS, RU, SO, SD, SY, YE, GB, AT, BE, BG, HR, CY, CZ, DK, EE, FI, FR, DE, GR, HU, IE, IT, LV, LT, LU, MT, NL, PL, PT, RO, SK, SI, ES, SE, IS, LI, NO
Negative-balance protection
Yes
Minimum deposit
$100
Max leverage (UK/EU retail)
1:30
Max leverage (Australia)
1:30
Max leverage (offshore entity)
1:500
Max leverage (professional)
1:500
Typical EUR/USD spread
1.2 pips
Platforms
MT4, MT5, cTrader, TradingView
Account currencies
USD, EUR, GBP, AUD, SGD, CAD, CHF, HKD, JPY, PLN
FP Markets operates as a private entity headquartered in Sydney. Over two decades of operating history provide structural stability across shifting market cycles.
Best for
Pros & cons
Fund safety
FP Markets states that client funds are held in segregated bank accounts with banks it describes as AA- rated.
Client funds are held in segregated accounts with banks that FP Markets describes as AA- rated, under First Prudential Markets Ltd, though international accounts lack statutory scheme coverage. Investor compensation fund cover of up to €20,000 applies only to eligible clients of the Cyprus entity under CySEC rules. FP Markets states that it does not offer services to residents of the EEA, so check which entity you would contract with before assuming any cover.
FP Markets states that it offers negative balance protection. International accounts operating under the Seychelles entity do not receive statutory compensation scheme backing.
Account terms
FP Markets maintains clear account agreements without hidden dormant penalties.
The broker states that it streams raw pricing from liquidity providers with no dealing desk intervention, while a trade desk monitors risk and exposure. Client agreements outline clear trading terms without discretionary profit-voiding clauses. FP Markets charges no inactivity fees on dormant accounts, although accounts with zero balance and no activity for more than three months are disabled and can be reactivated on request.
Costs
Pricing structures centre on raw spread accounts with competitive round-turn commissions.
Standard accounts feature spread-only pricing starting from 1.0 pips, with EUR/USD averaging around 1.2 pips. Raw accounts reduce spreads to 0.0 pips on major pairs alongside a $6 round-turn commission ($3 per side). Overnight financing rates are competitive, though holding positions across rollover incurs variable swap charges. The broker charges no deposit fees or bank wire withdrawal fees.
| Instrument | Asset class | Typical spread | Unit |
|---|---|---|---|
| EUR/USD | Forex CFD | 1.2 | pips |
| GBP/USD | Forex CFD | 1.51 | pips |
| USD/JPY | Forex CFD | 1.46 | pips |
| US 100 (Nasdaq) | Index CFD | 0.69 | points |
| US 500 (S&P 500) | Index CFD | 0.25 | points |
| XAU/USD (Gold) | Commodity CFD | 0.25 | $ / oz |
| US Crude Oil | Commodity CFD | 0.02 | $ / bbl |
| BTC/USD | Crypto CFD | 19.38 | $ |
Spreads shown are typical, not guaranteed, and widen during volatile sessions or outside main market hours. Figures reflect the broker's standard retail account.
Markets
Traders access over 10,000 tradable instruments spanning major global asset classes.
Forex CFD
70 pairs
Index CFD
19 indices
Commodity CFD
Metals, energies, softs
Single-Stock CFD
10000 shares
Crypto CFD
Available ✓
Real ownership: Stocks / ETFs
N/A for this broker, CFDs only
Forex coverage includes over 70 currency pairs across majors, minors, and exotics. Index CFDs cover 19 major global benchmarks alongside 12 commodity markets including gold, silver, and crude oil. Share CFD selection includes over 10,000 international equities, primarily accessible via Iress and MetaTrader 5. A selection of 11 cryptocurrency CFDs is also available for margin trading.
Platforms
Software choices include MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
Traders can choose between traditional MetaTrader suites or modern platforms like cTrader and TradingView. cTrader provides advanced order types and algorithmic automation via cTrader Automate. TradingView integration allows direct trading from analytical charting layouts. All platforms support custom indicators, automated strategies, and mobile access across iOS and Android devices.
Execution
Orders execute on raw pricing streamed from liquidity providers, designed for low latency.
FP Markets states that its raw pricing is streamed from liquidity providers without dealing desk intervention or requotes, while a trade desk monitors risk and exposure. Orders route to major financial institutions to minimise pricing intervention and execution delay.
The broker publishes execution policies outlining order routing and fill protocols. You won't see requotes (a new price offered after you've clicked) with market execution, but slippage, where your order fills at a different price from the one you clicked, can happen around news events.
Leverage
Leverage limits depend on account jurisdiction and retail classification status.
ASIC retail accounts cap leverage at 1:30 for major FX pairs in accordance with local investor protection rules. Professional account holders can access higher limits upon meeting qualification thresholds. International accounts operating under the Seychelles entity offer leverage up to 1:500. If your equity falls below 50% of the margin you need to keep your trades open, your positions are closed automatically (a margin close-out).
Account types
Two primary retail account tiers cater to spread-only and raw commission preferences.
| Account | Min deposit | Commission | Swap | Spread | Demo | Islamic |
|---|---|---|---|---|---|---|
| Standard | $100 | Spread-only | Variable swap rates applied | From 1 pips | Yes | Yes |
| Raw | $100 | $3 per lot per side | Variable swap rates applied | From 0 pips | Yes | Yes |
Both the Standard and Raw accounts can be opened from as little as $100 on MetaTrader 4 and MetaTrader 5. The Standard account charges no commission, with spreads starting from 1.0 pips, while the Raw account has spreads from 0.0 pips and a $6 round-turn commission. Each payment method sets its own minimum amount. Both account types let you choose from several base currencies, including USD, EUR, GBP and AUD. Islamic swap-free options are available for eligible traders upon request.
Funding
Deposits carry no fees, and the broker lists Skrill and Neteller withdrawals at one business day.
Funding channels include bank wire transfers, credit cards, Skrill, Neteller, and crypto wallets. The broker says it charges no deposit fees and no fees on bank wire withdrawals, so check the fee for other withdrawal methods before you request one. Withdrawal times depend on the payment method. Skrill and Neteller withdrawals are listed at one business day, while other methods vary by provider.
Support
The broker says its multilingual support team is available 24/7.
Client support is available by live chat, email and telephone, in several languages. The team can help you with onboarding, finding your way around the platforms and account questions.
The contact page also lists office hours of Sunday to Friday (GMT), so check what is available outside those hours before you rely on round-the-clock help. Educational resources include structured trading courses, video tutorials, daily market research, and live webinars hosted on the FP Markets website.
Availability
FP Markets serves clients worldwide while adhering to regional restrictions.
Account registration is open to residents across Latin America, Asia, and Africa, subject to the contracting entity's terms. The terms exclude residents of the United Kingdom, the United States, the European Economic Area, and several sanctioned jurisdictions including Iran, Iraq, Libya, Myanmar, Russia, and Syria. Traders must verify their jurisdiction during registration, as available leverage and regulatory protections depend entirely on the contracting entity.
Verdict
FP Markets stands out for technical infrastructure and competitive raw pricing, featuring multi-platform integration across cTrader, TradingView, and MetaTrader. While Australian clients benefit from Tier-1 oversight, global clients contract with an offshore entity without statutory compensation protection.
FP Markets is right for you if you seek commission-based raw-pricing execution and flexible charting software. If you need Tier-1 protections on an international account, you may be better off with another broker.
If you run Expert Advisors (EAs), scalp liquid major pairs or do your charting on TradingView, the execution setup should suit the way you trade.
FAQ
FP Markets is headquartered in Sydney, Australia, where its primary ASIC-regulated entity operates. Operating entities in Australia, Cyprus, South Africa, and Kenya handle regional clients under local regulatory supervision. International traders contract with First Prudential Markets Ltd in Seychelles, which functions as the global entity. FP Markets' legal page lists FP Markets Ltd (Saint Lucia) as the website operator, with a company registration number rather than a financial licence. It does not say which group entity serves which clients, so confirm the contracting entity in your Client Agreement before depositing.
FP Markets operates as a legitimate broker established in 2005 with multiple regulatory licences. Primary oversight comes from ASIC in Australia under licence 286354 alongside CySEC in Europe. Statutory compensation depends on the contracting entity. Our review found a scheme only for the Cyprus entity, and none for the Australian, Seychelles, South African or Kenyan entities, so offshore accounts carry no compensation backing.
FP Markets attracts traders through its competitive ECN execution model and software choices. Raw Spread accounts provide major FX spreads from 0.0 pips alongside a competitive $3 commission per side per lot. Platform support spans MetaTrader 4, MetaTrader 5, cTrader, and TradingView across desktop and mobile devices.
FP Markets is an Australian online brokerage providing contract for difference trading across multiple asset classes. Founded in 2005, the firm provides trading across forex, indices, commodities, shares, digital currencies, and bonds. The broker states that it streams raw pricing from liquidity providers without dealing desk intervention.
FP Markets doesn't accept clients who live in the United States. US rules from the CFTC and NFA stop brokers that aren't registered with them from offering margin products to American residents. If you're in an accepted region, you'll need to complete identity verification before you can open a live account.
Alternatives
Eightcap offers CFDs on 850+ markets through TradingView, MetaTrader 4, MetaTrader 5 and TradeLocker, with a Raw account that starts from 0.0 pips. Clients outside the regulated regions contract with Eightcap Global Limited in The Bahamas, which carries no statutory compensation scheme.
Octa offers swap-free forex and CFD trading on OctaTrader, MetaTrader 4 and MetaTrader 5, with no trading commission and a $25 minimum deposit. Accounts on octabroker.com are with Versustrategy Inc, registered in Saint Lucia, and the legal documents page lists no financial regulator.
JustMarkets offers leverage of up to 1:3000, swap-free trading and MT4, MT5 and its own app, but international clients contract with an offshore Seychelles entity without a statutory compensation scheme.
FXCM offers forex and CFD trading on Trading Station, MetaTrader 4 (MT4) and TradingView. Accounts on the international website are with Stratos Global LLC, an offshore entity in St Vincent and the Grenadines that sits outside the group’s regulated companies.
ThinkMarkets offers ThinkTrader, TradingView, MT4 and MT5 with 4,000+ instruments and leverage of up to 1:500 on Standard and ThinkZero accounts. International clients contract with a Seychelles-licensed entity.
IronFX operates as a retail CFD broker providing high leverage up to 1:1000 on MetaTrader 4, but international clients contract through an offshore entity without statutory compensation protection.
CFI Financial offers MT5, TradingView and its own app with no minimum deposit and leverage of up to 1:500. International clients trade with CFI International Ltd, licensed in Mauritius.
EC Markets offers MT4, MT5 and its own app with a $10 minimum deposit on STD and ECN accounts and leverage of up to 1:1000. International clients trade with the Mauritius-licensed entity.
General CFD risk warning
CFDs are complex leveraged products and carry a high risk of rapid losses. They do not give you ownership of the underlying asset. Depending on your jurisdiction, broker entity and client classification, protections such as leverage limits and negative-balance protection may differ or may not apply. Where negative-balance protection is not provided, losses may exceed the funds you deposit. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Disclaimer
This page is provided for general information only. Nothing on this page constitutes investment, tax or trading advice, or a recommendation to open an account or trade with a particular broker. Laverlane does not provide personalised investment advice. We are not a broker or financial institution, we do not arrange or execute trades, and we do not hold client funds.
Broker availability, spreads, fees, leverage, products and legal protections, including compensation schemes and negative-balance protection, vary by the broker’s legal entity, your country of residence and your client classification, and may change over time. Where a broker is required to publish its retail CFD loss rate, that figure is shown on its review page. Spreads shown are typical figures as at our verification date; they are not guaranteed and may widen, particularly during volatile market conditions.
Laverlane Scores reflect the information available at our most recent review. They are editorial assessments, not guarantees of a broker’s financial strength, reliability or future performance. Where we report a regulator warning or enforcement notice, it reflects the official public information available at the time of our review.
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