This consistent effort to educate traders shows that FP Markets isn’t just focused on attracting clients — they want traders to grow with them. The broker offers 24/5 customer support through live chat, email, and phone.Response time is usually under a minute on chat. Good brokers care about clients even after they sign up — and that’s something worth noting in this FP Markets Review. Still, for anyone focused on forex and CFD trading, FP Markets is a balanced choice that offers transparency, reliability, and cost-efficiency.
What is required to set up a live account with FP Markets?
FP Markets offers a large number of tradable instruments including over 70 currency pairs. The name on your trading account must be the same as the name on your payment method to comply with anti-money laundering (AML) regulations. Withdrawals are processed immediately, but the time it takes for funds to reach the trader's account depends on the bank or payment provider.
Trading Services: Types of Forex Trading Accounts Offered by FP Markets
The professional-grade Iress and Mottai platforms are available for clients of the Australian entity. My research showed that the lowest trading costs can be accessed via the Raw Spreads account type. Spreads in major forex pairs are also highly competitive, making it easier for traders to reach profitability.
Is FP Markets a big company?
FP Markets Group of Companies currently employs over 250 people globally. FP Markets provides CFD trading on forex, stocks, indices, commodities, digital currencies and Exchange Traded Funds (ETFs) via electronic trading platforms, such as MetaTrader, cTrader, TradingView and Iress.
FP Markets’ Customer Support
- And the Premier account has no minimum flat broker fee but charges 0.08% of trade size instead.
- FP Markets Social Trading empowers both beginners and pros by merging technology with trading strategy.
- Each platform is tailored for high-performance CFD and Forex trading with fast execution, technical indicators, automated trading, and real-time data on multiple devices.
- At the time of writing this review, we did not find any ongoing bonus or promotional offers, which is very normal for established brokers.
Enhancing your knowledge and understanding can help you make better-informed trading decisions and invest with greater confidence. FP Markets is a global Forex and CFD broker, established in Australia in 2005. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. And with the dual ASIC/CySEC regulation there is little to worry about in terms of broker risks. International bank transfers have an AUD$10 fee and most of the e-Wallets come with fees of 0.5% to 2%.
Depositing ease
Overall, with its solid foundation, I rate FP Markets as well-positioned to continue its trajectory as a leading force in the world of CFD brokerage. A proprietary web platform would add to its unique value proposition. In the hyper-competitive world of CFD brokerage, FP Markets has emerged as a formidable player, carving out a niche for itself over two decades. The courses within the FP Markets Academy cover key concepts and terminology like pips, margin, swaps, and spreads. Traders Hub also features reports on technical themes, citing chart patterns and key support and resistance levels.
Moreover, the broker builds transparency and fairness into every transaction, ensuring clients trade confidently without facing unexpected fees or hidden charges. There are no inactivity or account maintenance fees, making it cost-effective for both new and frequent traders. On Razor-style Raw Accounts, traders enjoy ultra-tight spreads starting from 0.0 pips with a small commission, ideal for active and high-frequency trading. In a sea of online brokers, FP Markets carves out a clear edge through deep product access, institutional-grade execution, and multi-jurisdictional regulation. FP Markets combines award-winning trading conditions with strict regulation, advanced platforms, and access to more than 10,000 instruments.
As mentioned, there are a number of different accounts at FP Markets. Finally, you will be happy to know that there are no withdrawal fees that are charged by the broker. So, it seems that when funding a standard / raw ECN account then you most likely won't be charged a fee although you will be on an IRESS account.
With only a $100 AUD minimum deposit, FP Markets opens the door to world-class Forex brokerage services to traders from around the world. Most brokers offering bonuses are trying to penetrate the market, so they try to lure customers by offering something extra. At the time of writing this review, we did not find any ongoing bonus or promotional offers, which is very normal for established brokers. You can download these apps for respective Android or Apple devices from Google Play Store or Apple Store and access your brokerage account on the go.
What are CFDs?
FP Markets makes trading accessible to everyone with a modest 100 USD minimum deposit and versatile account choices. Whether you’re just starting or trading full-time, you’ll find a setup that fits your budget, platform preference, and pricing model – all from a globally trusted broker. FP Markets keeps trading accessible with a low minimum deposit and multiple account types tailored to different strategies.
How to turn $100 into $1000 in forex?
- Start with $100, risk 2% per trade.
- Target small consistent profits (e.g., 5% per week).
- Reinvest gains gradually—don't withdraw until you reach milestones.
MetaTrader Account Types
- Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
- Moreover, FP Markets is regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.
- CTrader supports automated trading and strategy backtesting through cBots—automated trading robots that execute strategies, similar to Expert Advisors (EAs) in MetaTrader.
- Regulation by ASIC is considered to be one of the most secure in the world and there are a number of protections that the trader is afforded.
FP Markets is also a member of CySEC’s Investor Compensation Fund (ICF), which provides traders with cover up to €20,000 in the event the broker cannot meet its financial obligations. Client funds are held in segregated bank accounts to ensure they are held https://forex-review.net/fp-markets/ separately from the broker’s operating capital. FP Markets (First Prudential Markets) is a well-established Australian broker providing CFD trading to clients worldwide. In this updated FP Markets review 2025, we assess the broker across the fivekey criteria we use for our FX Trust Score Index™; regulation, security of funds, customer support, online reputation and trading conditions. Our detailed FP Markets review provides valuable insights you may wish to consider before trading with this forex broker. As you might expect from a broker with 15 years of experience and a global footprint, the customer service staff at FP Markets is multi-lingual and highly experienced in understanding the needs of traders.
MetaTrader is also popular due to its automated trading features, allowing users to develop, test, and apply Expert Advisors (EAs). My tests showed that swap fees at FP Markets are average for the industry. I tested the spreads at FP Markets during the London open and just after the New York open on 27 January 2025.
These regulations ensure transparency, client fund protection, and compliance with international financial standards. Yes, FP Markets is regulated by top-tier authorities, including ASIC (Australia) and CySEC (Cyprus). Employees highlight a collaborative, fast-paced, and growth-oriented culture, grounded in open leadership and support.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, clients or contributors, is provided as general market commentary and does not constitute investment advice. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Opening a trading account with FP Markets is a straightforward and efficient process that can be completed entirely online. They offer a comprehensive trading experience across various asset classes, including Forex, CFDs, Indices, Metals, Commodities and Bonds. They offer services to traders around the world and are overseen by several financial regulators in different countries adapting to different rules and requirements.
I tested FP Markets customer service with dozens of queries, ranging from platforms to fees and account-related issues. Its desktop platform stands out with advanced features, including the ability to run and backtest automated strategies, making it a powerful tool for skilled traders. FP Markets has an advanced platform lineup that caters especially to experienced traders, including MetaTrader 4, MetaTrader 5, TradingView, and cTrader. In addition to spreads, FP Markets charges commissions on share CFDs traded via MT5 on both Standard and Raw accounts. Fast execution and ECN pricing, where price feeds are streamed directly from liquidity providers, create a superior trading environment for active and systematic traders.
➡️ Step 3: Trading Platforms and Tools
The primary difference between the two accounts is that the Standard account has no commissions and spreads starting at 1.0 pips, while the Raw account has no spreads, but a commission of AUD$3.50 per lot per trade is charged. For forex traders, there are two account types, the Standard account, and the Raw account. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.