FP Markets review 2026

FP Markets is an Australian ECN broker founded in 2005. Its Raw account charges $6 round turn with spreads from 0.0 pips, and it supports MT4, MT5, cTrader, TradingView and Iress for share trading.

FP Markets overview

FP Markets (First Prudential Markets) has operated since 2005 and is one of Australia’s longest-running forex brokers. It focuses on raw pricing and platform choice.

Is FP Markets safe and regulated?

Regulated by ASIC and CySEC, with additional licences from the FSCA, FSA Seychelles, CMA Kenya and FSC Mauritius.

Tier-1 regulators are shown in bold. Always confirm the licence on the regulator’s own register.

FP Markets spreads and fees

The Raw account charges $3 per side per lot with EUR/USD averaging around 0.1 pips. The Standard account is commission-free with EUR/USD around 1.0 to 1.2 pips. No inactivity fees.

Account	EUR/USD spread	Commission (round turn)	Cost per lot
Standard	1.0 pips	$0	$10.0
Raw / ECN	0.1 pips	$6	$7.0

Trading platforms

MT4, MT5, cTrader, TradingView and Iress for direct share trading. Copy trading is offered via Myfxbook, MetaTrader Signals and FP Markets Social Trading.

How FP Markets scores

Trust & regulation 30%

4.4

Fees & spreads 25%

4.8

Platforms & tools 15%

4.6

Markets & range 10%

4.3

Ease of use 10%

3.9

Research & education 10%

3.9

Verdict

A strong low-cost alternative to IC Markets and Pepperstone, particularly for cTrader and TradingView users.

Open an account with FP MarketsYou will be taken to fpmarkets.com.

FP Markets FAQ

Is FP Markets regulated?

Yes. FP Markets is regulated by ASIC and CySEC, plus FSCA and others.

What is the FP Markets minimum deposit?

The minimum deposit is AU$100 or the equivalent in your currency.

Does FP Markets support cTrader?

Yes. FP Markets supports cTrader, MT4, MT5 and TradingView.

Is FP Markets good for beginners?

FP Markets scores 3.9/5 for ease of use. It is better suited to traders with some experience; beginners may prefer these brokers.