FP Markets
FP Markets combines ECN-style raw pricing ($3/lot commission) with cTrader availability and CySEC regulation, ideal for cost-conscious EU traders.
Last verified: April 2026
Sofia Lindgren
Trading Platform Specialist
Key Facts
Min Deposit
$50
EUR/USD Spread
0.0 pips (Raw), 1.0 pips (Standard)
Max Leverage (Retail)
30:1
Commission
$3.00 per lot per side (Raw), None (Standard)
Platforms
MetaTrader 4, MetaTrader 5, cTrader, IRESS
Regulators
CySEC, ASIC
Scores Breakdown
Overall Score
Weighted average across all categories
Pros & Cons
Pros
- Competitive raw spread pricing ($3 per lot)
- cTrader available alongside MetaTrader
- IRESS platform for DMA stock trading
- CySEC regulated for EU
- Good execution quality
Cons
- Less well-known brand than larger competitors
- Limited educational resources
- AUD-based minimum deposit (currency conversion needed)
- No TradingView integration yet
FP Markets Review 2026
Overview
FP Markets is an Australian broker that has expanded into the European market through its CySEC-regulated entity (First Prudential Markets Cyprus Ltd). The broker focuses on providing institutional-grade trading conditions at retail prices.
Pricing & Fees
The standout feature is pricing. The Raw account offers spreads from 0.0 pips with a commission of $3.00 per lot per side - slightly cheaper than the $3.50 charged by IC Markets and Pepperstone. For high-volume traders, this $1 per round-turn saving adds up significantly.
Platforms & Tools
Platform selection is good, with MetaTrader 4, MetaTrader 5, and cTrader all available. The addition of IRESS is interesting for traders who also want direct market access to stocks, though this is more relevant for the Australian market.
Regulation & Safety
Execution quality is solid, with the broker reporting fast order processing and minimal slippage. The combination of low costs and good execution makes FP Markets attractive for scalpers and algorithmic traders.
Verdict
The main drawback is brand recognition. Despite being in operation since 2005, FP Markets is not as well-known in Europe as IC Markets, Pepperstone, or XM. The limited educational offering also means beginners might struggle to get started without external resources.
How to Open an Account with FP Markets
Register
Visit fpmarkets.com and fill out the online registration form with your personal details.
Verify Identity
Upload your proof of identity (passport or national ID) and proof of address (utility bill or bank statement) to comply with KYC requirements.
Fund Account
Deposit funds using Bank Transfer, Credit/Debit Card, Skrill, or other supported methods. Minimum deposit is $50.
Start Trading
Choose your preferred platform (MetaTrader 4 or 3 other options), set up your charts, and begin placing trades.
Trading Conditions
| Minimum Deposit | $50 |
| EUR/USD Spread | 0.0 pips (Raw), 1.0 pips (Standard) |
| Commission | $3.00 per lot per side (Raw), None (Standard) |
| Max Leverage (Retail) | 30:1 |
| Max Leverage (Pro) | 500:1 |
| Swap-Free Accounts | Available |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, IRESS |
| Account Types | Standard, Raw |
| Deposit Methods | Bank Transfer, Credit/Debit Card, Skrill, Neteller, PayPal |
| Withdrawal Fee | Free |
| Founded | 2005 |
| Headquarters | Sydney, Australia |
EU Regulation & Protection
ESMA Compliant
Yes
Negative Balance Protection
Yes
Segregated Client Funds
Yes
Compensation Scheme
ICF up to EUR 20,000
Regulatory Licenses
FP Markets FAQ
Compare FP Markets With
Similar Brokers
XM is ideal for beginner EU traders, offering a $5 minimum deposit, award-winning education, multilingual support in 30+ languages, and CySEC regulation.
OANDA is a veteran forex broker since 1996, known for transparent pricing, flexible lot sizes, excellent research tools, and a long track record of reliability.
Capital.com is an AI-driven broker offering 3,000+ commission-free instruments, an award-winning app, and FCA/CySEC regulation for EU traders.
Exness is a CySEC-regulated broker with ultra-tight pricing, instant withdrawals, and one of the highest monthly trading volumes in the industry ($4T+).
Related Resources
Explore more tools, guides, and comparisons to improve your trading.
Compare Brokers
Side-by-side comparison of fees, platforms, and regulation across top EU brokers.
Broker Finder Quiz
Answer a few questions and get a personalised broker recommendation in seconds.
Best for Beginners
Brokers with the best educational resources and easy-to-use platforms for new traders.
Best Low-Spread Brokers
The tightest EUR/USD spreads among EU-regulated brokers, independently verified.
Best ECN Brokers
True ECN/STP brokers with raw pricing and no dealing desk intervention.
Best for Scalping
Brokers optimised for scalping with fast execution and ultra-low latency.
Explore More
Related pages you might find useful.
FP Markets vs IC Markets
Head-to-head comparison of fees, platforms, and regulation.
FP Markets vs Pepperstone
Head-to-head comparison of fees, platforms, and regulation.
FP Markets vs XM
Head-to-head comparison of fees, platforms, and regulation.
Best Low-Spread Brokers
Brokers with the tightest EUR/USD spreads in Europe.
Best for Beginners
Top brokers for new traders with great education and support.
Spread Calculator
Calculate real spread costs for any position size.
Open Account
Step-by-step guide to opening a live trading account.
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.