FP Markets Review 2027 Fees, Features and Safety

This FP Markets review for 2027 looks at the Sydney, Australia-based forex broker, founded in 2005, and covers its 7 listed regulators, the $100 minimum deposit, leverage of up to 1:500 and trading platforms, so you can decide whether it fits the way you trade.

FP Markets overview (2027)

FP Markets is an Australian forex and CFD broker that has been operating since 2005, which makes it one of the longer-established names in a young industry. Matt Murphie founded the firm in Sydney, originally as First Prudential Markets, with a focus on direct market access to shares. It later added foreign exchange and grew into a global multi-asset broker known for tight pricing and a very large product catalogue.

Regulation

The group holds licences from ASIC in Australia and CySEC in Cyprus, which cover its Australian and European clients under strict retail rules. Additional entities are regulated by the FSCA in South Africa, the Seychelles FSA, the Financial Services Commission of Mauritius, the Securities Commission of the Bahamas and the Capital Markets Authority of Kenya.

Client money is kept in segregated accounts with investment-grade banks. Australian and EU retail clients receive negative balance protection and leverage limits. International clients are usually onboarded through offshore entities, which allow higher leverage with fewer statutory safeguards. FP Markets is privately owned.

Accounts and pricing

On MetaTrader and cTrader there are two core accounts.

Raw account: spreads from 0.0 pips with a commission of $3 per side per standard lot, or $6 round turn. Average EUR/USD spreads are around 0.1 pips, giving an all-in cost that ranks among the lowest of any regulated broker.

Standard account: no commission, with spreads from 1.0 pip.

The minimum deposit is 100 Australian dollars or the equivalent. FP Markets charges no fees on most deposits and does not levy an inactivity fee. Some withdrawal methods carry a charge, so check the funding page for your region. Islamic swap-free accounts are available.

Execution

FP Markets sources prices from a pool of major banks and non-bank liquidity providers and routes orders without a dealing desk. Its trading servers are hosted in the Equinix NY4 data centre, and the broker reports average execution times of well under 40 milliseconds. Scalping, hedging and expert advisors are allowed without restriction. Clients trading sufficient volume qualify for a free VPS.

Platforms

• MetaTrader 4 and MetaTrader 5, supplied with a set of add-on trader tools and Autochartist pattern scanning.
• cTrader, offering depth of market and its own automation language.
• TradingView, for charting and order entry.
• Iress, a professional platform for trading share CFDs with direct market access, where orders appear in the exchange order book. Iress carries separate pricing and data fees and is aimed at experienced equity traders.
• FP Markets mobile app for account management and trading.

Copy trading is offered through FP Markets Social Trading and the Myfxbook AutoTrade and Signal Start services.

Markets

FP Markets advertises more than 10,000 tradable instruments. On MetaTrader and cTrader the list includes over 70 currency pairs, indices, commodities, metals, bonds, ETFs, cryptocurrencies and several hundred share CFDs. The bulk of the 10,000 figure comes from the Iress platform, which gives access to share CFDs on exchanges across Australia, the United States, Europe and Asia.

Leverage

Under ASIC and CySEC rules, retail leverage is capped at 30:1 on major currency pairs. International entities offer up to 500:1. Professional clients in Australia and Europe can apply for higher limits if they meet the wealth and experience criteria.

Research and education

The broker provides daily market reports, technical analysis and a weekly video outlook from its analysts, alongside third-party tools from Trading Central and Autochartist. Its education centre contains courses, e-books, video tutorials and webinars for different skill levels. Multilingual support is available 24 hours a day, seven days a week, and generally receives positive feedback.

Who is FP Markets best for?

FP Markets is a strong option for active forex traders seeking raw spreads and fast execution from a broker with a long track record and ASIC regulation. It competes directly with Pepperstone and IC Markets and often matches or beats them on commission. Equity CFD traders who want true direct market access will value the Iress offering, which few rivals provide.

Investors wanting to own shares outright, or beginners looking for a simple proprietary app with built-in guidance, may prefer a different type of broker.

Pros and cons

• Pros: operating since 2005, ASIC and CySEC regulated, very low Raw account costs, MT4, MT5, cTrader, TradingView and Iress, over 10,000 instruments, no inactivity fee, 24/7 support.
• Cons: most share CFDs available only on Iress with extra fees, some withdrawal charges, international clients under offshore entities, education is moderate.

FP Markets review: verdict for 2027

FP Markets combines two decades of experience with pricing that stands up against any competitor. It offers serious traders low costs, a wide choice of platforms and an unusually deep range of markets. For those reasons it is consistently ranked among the best-value brokers in the world.

Compare this FP Markets review with all 60 forex brokers in our 2027 list, and confirm the latest terms on the official FP Markets website before you open an account.