FP Markets Review 2026

JMReviewed by James Morgan·Updated May 2026

Raw ECN SpreadsASIC Regulated10,000+ Instruments

Overview

FP Markets is an Australian multi-asset broker founded in 2005, regulated by ASIC, CySEC, FSCA, and SCB. Known for its institutional-grade execution and raw ECN pricing, FP Markets has built a strong reputation among active forex and CFD traders who prioritise tight spreads and access to lots of instruments.

We rate FP Markets 4.5 / 5 for its raw ECN spreads starting at 0.0 pips, access to 10,000+ instruments spanning forex, stocks, indices, commodities, crypto, and ETFs, and its exceptional platform breadth including MT4, MT5, cTrader, Iress for share trading, and TradingView. The $100 minimum deposit is accessible, and the ASIC regulation provides strong client protection.

Pros & Cons

Who Is FP Markets Best For?

FP Markets is ideal for multi-asset traders who want 10,000+ instruments across forex, stocks, indices, commodities, crypto, and ETFs from a single account. The Iress platform gives access to real share trading alongside CFDs, making it uniquely positioned for traders blending equity and forex strategies. Value-focused active traders get raw ECN spreads from 0.0 pips, and the platform diversity -- MT4, MT5, cTrader, Iress, and TradingView -- means you can use your preferred environment without switching brokers.

Who Should Avoid FP Markets?

Complete beginners may find FP Markets overwhelming given the number of platforms and account types on offer -- XM or HFM with simpler onboarding are better starting points. The $100 minimum deposit is too high for ultra-low budget traders who want to start with $5 or $10. And while the Iress platform is powerful for share trading, it carries separate fees that add up -- CFD-only traders should stick with cTrader or MT5.

Spreads & Fees Deep Dive

FP Markets offers two account types: Standard and Raw. The Standard account has spreads averaging 1.2 pips on EUR/USD with no commission, adequate for position traders. The Raw account is where FP Markets shines: 0.0 pip spreads from true ECN liquidity, with a $3 per side ($6 round-turn) commission per standard lot. This raw pricing is consistently among the most competitive we've seen, comparable to IC Markets and Pepperstone.

FP Markets also offers IRESS access for share trading, a professional institutional platform giving access to 10,000+ global stocks at DMA (direct market access) pricing. This makes FP Markets particularly compelling for traders who want both tight ECN forex pricing and genuine stock market access under one broker. Overnight financing fees and swap rates are transparently disclosed on their website.

Platform Review

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, and IRESS, one of the broadest platform selections available. MT4 hosts thousands of Expert Advisors and indicators; cTrader adds level 2 pricing, cAlgo for coded strategies, and cTrader Copy for mirror trading. IRESS is an institutional-grade platform for stock trading with full DMA access and advanced order types.

The FP Markets mobile app (MT4/MT5 and cTrader versions) is fully functional with real-time charts, position management, and market news. Social trading is available through the Myfxbook AutoTrade integration on MT4. Free VPS hosting is available for qualifying traders (15+ round-turn lots/month). FP Markets also provides free access to Trading Central. a professional-grade technical analysis and signal service.

Regulation & Safety

FP Markets is regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and SCB (Seychelles). The ASIC and CySEC licenses are tier-1 and the most protective for retail clients. Australian clients are covered by the Australian Financial Complaints Authority (AFCA) for dispute resolution; CySEC clients benefit from the ICF up to €20,000.

Client funds are held in segregated accounts at the National Australia Bank (NAB), one of the world's strongest banks. FP Markets does not act as a market maker for its ECN accounts; orders are passed directly to the liquidity pool. Founded in 2005, FP Markets has operated for nearly 20 years with a clean regulatory record.

Deposit & Withdrawal

FP Markets requires a $100 minimum deposit for Standard and Raw accounts; the IRESS account requires $1,000 minimum. Deposits are accepted via Visa/Mastercard, PayPal, Skrill, Neteller, bank wire, and cryptocurrency (via BitWallet). Card and e-wallet deposits are instant; bank wires take 2-5 business days. No fees are charged by FP Markets for deposits.

Withdrawals are processed within 1-2 business days for e-wallets and 3-5 days for bank wire. FP Markets charges no withdrawal fees. The minimum withdrawal is $50 for most methods. As with most regulated brokers, withdrawals must be processed back to the original funding source for AML compliance.

Customer Support

FP Markets provides 24/7 customer support via live chat, email, and phone, one of the more accessible support setups in the industry. Support is available in English, Chinese, Malay, and other languages. Live chat response times are typically under 3 minutes. There's a comprehensive help centre covering platform setup, account management, and trading guides, plus a dedicated YouTube channel with tutorial content.