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Verdict4.5 / 5

FP Markets Review

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Overview

Best Known for Advanced Trading Tools FP Markets is another well-regarded MT4 forex broker that has a range of advanced trading tools and competitive pricing. Alongside an MT4...

Best Known for Advanced Trading Tools

FP Markets is another well-regarded MT4 forex broker that has a range of advanced trading tools and competitive pricing. Alongside an MT4 account, this broker also offers access to their IRESS platform. Overall, I believe FP Markets is a good choice for advanced, high-volume traders, thanks to the advanced features available. This includes Direct Market Access to specific trading instruments, a VPS option, and EAs (Expert Advisors). 

For peace of mind, FP Markets is regulated by ASIC. However, it’s important to note that this broker does not accept US clients due to regulatory restrictions.

 

FP Markets is a high-quality MT4 broker with a range of advanced features. Source: FP Markets

Features

The main standout feature of FP Markets is its tradable instruments along with its MT4 account. This broker offers many forex and CFD offerings, along with several advanced trading tools. I found the Trader Toolbox very useful, especially the technical analysis insights. In addition, copy trading is available via Myfxbook. 

This broker also has a strong commitment to education, with a comprehensive learning center and many webinars. However, high-volume traders also benefit from the tiered loyalty program, which offers rebates and other features.

Community Reviews and Expert Recommendations

Many users recommend FP Markets and give positive reviews. Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence. 

“I love FP Markets because of their transparency in the system and they have a very nice helpline team. I would like to mention Mr. Mikhael, the best man who has a lot of patience to solve clients' problems.” - Ali via Trustpilot

“I wanted to take a moment to express my appreciation for the excellent service and support provided by FP Markets. Your platform has been incredibly user-friendly and reliable, and I have been particularly impressed with the responsiveness and helpfulness of your support team.” - Rayhana via Trustpilot 

Industry experts recommend FP Markets for both beginner and expert traders. They also highlight the strong educational focus of this broker. 

Read more in our FP Markets review. 

Pricing

FP Markets offers a Raw ECN account with spreads from 0.0 pips and a $3.00 commission per lot round turn. Standard accounts have no commission but slightly wider spreads. Minimum deposit starts at $100 for MT4 accounts.

Countries+179
DevicesAndroidAppleWindows
Minimum deposit $50Bonus Refer a Friend Program by FP MarketsWithdrawal fee $0Deposit fee $0Max insured EUR 20,000

Our Verdict 4.5 / 5

Commissions & Fees4.5 / 5
Deposit & Withdrawal4.6 / 5
Customer Support4.5 / 5
Account Opening4 / 5
Regulation & Safety4.8 / 5

Pros

  • Excellent customer support with 24/7 availability
  • Competitive spreads and fast execution speeds
  • Comprehensive educational resources including webinars and video tutorials
  • Strong regulatory standing with multiple tier-1 licenses

Cons

  • Limited range of tradable assets compared to some competitors
  • Higher minimum deposit for certain account types
  • No proprietary mobile app (relies on MT4/cTrader mobile)

General details

Type of accountsUnlimited Demo AccountsStandard AccountsECN accountsSwap free accountsSegregated accountsVIP accounts
Execution modelDMA
Deposit currencyUSDEURGBPAUDSGDNZDCHFJPYCADIDRCNY
Regulatory complianceASICFIUFSA
Deposit payment systemsVisaMasterCardCredit CardsDebit CardPrepaid MasterCardWire TransferNeteller
Withdrawal payment systemsVisaMasterCardCredit CardsPrepaid MasterCardWire TransferNetellerBPAY
Support languagesEnglishArabicGreekIndonesianSpanishItalianMalayRomanianThaiFrenchJapanese
Auto tradingmqlMyfxbook AutoTradeMT4 EAMT5 EA
Contact details[email protected]+61 2 8252 6800Skype: fpmarketssupportCustomer service ↗

Customer reviews

Overall score 4 / 5 · 14 customer reviews

Read real reviews from traders all over the world:

Luke Adams ★ 3/5

Advantages: No

Disadvantages: They accuse clients of violating the rules that they did not violate. An affiliate program with 1% of turnover from customers, when all other options have at least 2%. Bad support. Private correspondence is publicly posted.

This platform cannot be called a broker. I started asking questions to support on how to deposit the account, because they have a complete mess with the deposit. The administrator got in touch. Who redid all my correspondence with a piece of crap. The word YOU doesn't exist to those guys. He was talking to me like he was some kind of trash. I reprimanded him. On what the guy began to threaten the ban and said "oh, you're going to regret it ... and then banned. I had to ask the next day to unlock it). Of course, I initially did not understand what the issue. The account was funded without their support. 10$. trades were strictly in the plus. I made $23 quickly. I was thrilled. And then the (tambourine dancing) began. I bet on the rise, the chart hangs precisely on my bet and goes in the opposite direction. I drain 10,50,20 and I realize that I am being bluntly cheated. I wrote a negative feedback to support where I was immediately banned. That's where the betting is done on newbies

Harrison Pratt ★ 4/5

Advantages: The author's trading platform More assets for trading Fast execution of transactions Large selection of accounts

Disadvantages: None

I already have quite a good experience in trading, and I have already decided to switch to larger amounts. If you invest more, you will get more, this is clear to anyone. But for large investments, you need to completely trust the company with whom you cooperate. I chose this broker. A company with very extensive experience in the financial market. And it seems to me really trustworthy in terms of security. The terminal can be used to choose both their own and work on MT4. I have requested the output only 1 time so far, but it is not quite fast, I waited a week - I would certainly like to see more efficiency here. I've met freezes a couple of times, not that it's a big minus, but still. In general, despite the small nuances, I trust the broker, and yet they have not bad licenses.

Eric Watson ★ 4/5

Advantages: Low minimum deposits Narrow spreads Swaps can be disabled on some types of accounts Scalping and hedging are allowed A large selection of platforms

Disadvantages: No license data available

A good broker for stock trading. There are quite a lot of them, in addition to American and European, there are also Asian ones, which is right very cool! there are filters by country, you can search for cheap stocks and type in a portfolio! Low spreads on stocks, around 2-5 pips. You can also choose a shoulder for each type of instrument. Well, they don't really press on commissions, I recommend it.

Spencer Hardy ★ 4/5

Advantages: A variety of assets for investment Trading training Personal professional support for traders Access to the terminal without registration Technical support in the language of traders

Disadvantages: No

This is by far the largest international company that works successfully and helps people earn money too. a very good broker, a good platform and a large selection of tools, his signals are also very good. I like the fact that everything is simple and clear on this site. I wish everyone to be in the black

Kieran Weston ★ 4/5

Advantages: Cooperation with a reliable forex broker with a serious license Favorable conditions for trading in different financial markets Fast execution of orders Large selection of assets Information about quotes on the broker's website

Disadvantages: None

This is a forex broker with a wide selection of stocks, commodities, mortgages or stocks, as well as with appropriate levels of privileges based on the loyalty of visitors to them, such as raising the level of their accounts. They use several payment options around the world, which range from an electronic transfer in US dollars/euros to a cash deposit in local banks.

Louis Browne ★ 5/5

Advantages: Broker reliability Stable operation of the terminal A lot of trading tools Quick withdrawal of earnings High-quality analytics

Disadvantages: Availability of swaps for transferring a position to the next day Complex site navigation system

Acquaintance with the broker happened back in the days when they were developing their analytical portal with payment for articles, the portal was redesigned, but the emphasis on analytics and training remained. I can't say anything bad about the broker, the execution is fast enough, the spreads are low and I rarely observed a large expansion, the withdrawal of funds is carried out quickly, support works around the clock. Previously, they even provided no deposit bonuses. There is a large selection of trading platforms (Mt4, Mt5 and two platforms of own production).

Samuel Lewis ★ 5/5

Advantages: ASIC Regulation Transparent detailed trading conditions There is an Islamic account Hedging is allowed A lot of positive reviews

Disadvantages: The broker has the right to use funds from your account to fulfill obligations to other clients and partners

In trading recently. I chose FPMarkets because the conditions are favorable, and for me, as a beginner in this field, the moment of training and a reliable regulator were important. Again, the analytics are at a fairly high level, and the minimum amount to start at 100 AUD is a good indicator. Separately, I want to note the variety of trading instruments and almost instant execution of orders. In general, I am very satisfied.

Christopher Hope ★ 4/5

Advantages: -Brokerage fees are lower than other brokers because they charge less than 1% on each transaction. -They can offer clients leverage up to 100x -Free training videos and training materials on trading

Disadvantages: -No personal relationships with customers, as they rely on automated account management systems.

I was looking for a broker I could rely on when I decided to start trading currencies. I needed someone who could give me advice and provide me with the best trading opportunities. I found this broker on the internet and decided to give it a try. The service was pretty cheap, so I thought they should give it a try. After the first month, I realized that they cost more than what they charged me for.

Brandon Rose ★ 5/5

Advantages: ASIC Regulation Transparent detailed trading conditions There is an Islamic account Hedging is allowed A lot of positive reviews

Disadvantages: The broker has the right to use funds from your account to fulfill obligations to other clients and partners

I would like to note that the broker is attractive with favorable trading conditions, very fast execution of orders, the presence of popular trading terminals and low spreads. First of all, I chose the company because of the huge number of assets and low spreads.With my experts, I achieve very good results. Excellent chat support and account manager.

Cody Cochrane ★ 4/5

Advantages: Fp Markets broker gives you the opportunity to trade on spreads. This is what distinguishes a broker from other brokers. They also provide you with leverage, which means that your trades will be executed with a margin of up to 10:1.

Disadvantages: The main disadvantage of this broker is that it does not offer margin trading, so you will need to deposit funds for your trades. It also does not allow for short selling, so if you are looking for a safe place to invest, this may not be the best choice.

You can trade Binary Options, Forex or CFDs with Broker FP Markets. It offers a wide range of trading opportunities for both beginners and experienced traders.

Joshua A. Sims ★ 5/5

Advantages: The company's spreads are narrow. This means that the company charges a small price difference between the purchase and sale price. This helps traders to make big profits when they trade in the market with small volumes. No shoulders. The broker does not provide an artificial amount of money to increase the size of the transaction. This may be good for traders who have limited knowledge of trading, but it can also scare away experienced traders, making it harder for them to make risky trades.

Disadvantages: None

When it comes to FP MARKETS brokers, there are two main points above.

Filip Bakker ★ 4/5

Advantages: Security and transparency The possibility of training

Disadvantages: Large commissions for transactions and withdrawals.

The company offers the opportunity to work with cryptocurrencies, exchange-traded goods, stocks, indices and other assets in one portfolio. FP MARKETS is one of the largest online social investment networks in the world and one of the most rapidly developing brands in the field of online investment and online trading. A good broker, they have many different assets, and almost all markets are represented. I have been working with this for a long time and everything suits me, there are all the conditions for trading here.

Dijana Djokovic ★ 1/5

Advantages: Not impressed

Disadvantages: not impressed

Heard about them and decided to invest with them, but overall they have not been impressive at all. Maybe but it got all bad for me when I lost money to them and they would not admit their faults. I had to source help_rlfirm on Instagram to take my case up after waiting for sometime. My investments were refunded within 2 weeks.

Roger R. Thomas ★ 4/5

Advantages: The profit is withdrawn quickly, the trading conditions are also quite pleasant. I liked the speed of execution of transactions when trading through a mobile trading terminal and the accuracy of quotes the most.

Disadvantages: There is a rather narrow choice of trading tools, and the broker is not very popular.

FP Markets is an online broker headquartered in Australia. Low spreads and a minimum deposit of $100 attract European traders. The leverage is 1:500.

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Accounts

Type of Trading Accounts on FP Markets

FP Markets offers a range of trading accounts to cater to the diverse needs of traders. Each account type has unique features and benefits, ensuring traders can choose an account type that suits their trading goals and preferences.

  • Unlimited Demo Accounts: FP Markets offers unlimited demo accounts for traders who want to test their trading strategies in a risk-free environment. This is an excellent opportunity for beginners to practice their trading skills without risking their money. The demo account is equipped with all the tools and features of the live trading account, making it an excellent learning platform.
  • Standard Accounts: FP Markets' Standard Account is designed for traders who prefer to trade with variable spreads. This account type offers access to over 10,000 trading instruments, including Forex, indices, commodities, and shares. The minimum deposit requirement for this account type is $100, making it accessible to traders with different budget sizes.
  • ECN Accounts: FP Markets' ECN Account is an excellent choice for advanced traders who require fast trade execution and tight spreads. This account type offers access to over 60 currency pairs and comes with a commission charge of $6 per lot. Traders on this account can also enjoy the benefits of negative balance protection.
  • Swap-free Accounts: FP Markets offers swap-free accounts for traders who follow Islamic principles. This account type is free from swap fees; no interest is charged for holding positions overnight. This account type also offers access to all the trading instruments available on the Standard Account.
  • VIP Accounts: First Prudential Markets' VIP Account is designed for high-volume traders who require personalized trading services. This account type offers access to a dedicated account manager, free VPS hosting, and tighter spreads. The minimum deposit requirement for this account type is $50,000.
  • Segregated Accounts: FP Markets offers segregated accounts for traders who want to separate their trading funds from the broker's funds. This account type provides an extra layer of security for traders and ensures that their funds are safe. The minimum deposit requirement for this account type is $25,000.

RAW - FP Markets

Swap-free account VIP account Phone trading Scalping Hedging Trading with expert advisers Trading 24 hours a day Trailing stop Interest on free balance Mailing the documents
Trading platformsMetaTrader 4MetaTrader 5MetaTrader 4 MobileMetaTrader 4 MultiTerminalMetaTrader 5 Mobile
Deposit currencyUSDEURJPYGBPAUDCHFCADMXNNZDRUBHKDSGDTRYCZK
Trading instruments
  • Forex1:500
  • CFDs Promotions, Indices1:500
  • Metals Gold, Silver1:500
  • Energy Source Oil, Gas1:100
  • Cryptocurrencies
  • Stock exchange Promotions, Indices, Gold, Silver, Oil, Gas, Promotions, NASDAQ (US), NYSE (USA), FBW (Germany), LSE (United Kingdom)
  • Min deposit$100
  • CommissionAUD 3.5
  • Execution typemarket
  • Speed of execution0.004 sec.
  • Spread typefloating
  • Minimum position size50 units
  • Decimal places5
  • Margin Call100%
  • Stop Out50%
  • Locked margin level0.01 units

Standard - FP Markets

Swap-free account VIP account Phone trading Scalping Hedging Trading with expert advisers Trading 24 hours a day Trailing stop Interest on free balance Mailing the documents
Trading platformscTraderMetaTrader 4MetaTrader 5
Deposit currencyUSDEURJPYGBPAUDCHFCADMXNHKDSGDTRYPLNCZK
Trading instruments
  • CFDs Promotions, Indices1:500
  • Metals Gold, Silver1:500
  • Energy Source Oil, Gas1:100
  • Cryptocurrencies
  • Stock exchange Promotions, Indices, Gold, Silver, Oil, Gas, Promotions, NASDAQ (US), NYSE (USA), FBW (Germany), LSE (United Kingdom)
  • Min deposit$100
  • Commission$3
  • Execution typemarket
  • Speed of execution0.004 sec.
  • Spread typefloating
  • Minimum position size0.01 units
  • Maximum position size50 units
  • Decimal places5
  • Margin Call100%
  • Stop Out50%

Tradable instruments

Tradable instruments on FP Markets trading platforms include:

✓Cryptocurrencies70
✓Stocks15
✓Bonds15
✓Indices10

Frequently asked questions

Find the right answer to your question below.

Is FP Markets safe and trustworthy?

FP Markets is a safe and trustworthy broker that is regulated by ASIC. These are two high profile regulators, giving you peace of mind that your information and money are both safe and secure. High regulation such as this means that the broker complies with strict rules and works transparently.

What trading platforms does FP Markets offer?

One of FP Market’s plus points is the number of trading platforms it offers to customers. You can choose from industry-standard MetaTrader 4 & 5, as well as Iress, and WebTrader. The app is also useful for on-the-go trading and is available on both iOS and Android.  However, many users feel that the web platform is a little outdated compared to MetaTrader and could use an upgrade.

How do FP Markets' fees compare to other brokers?

FP Markets offers a low cost trading experience, with tight spreads and low commissions. The Standard account doesn’t charge any commission but the Raw account does, depending on the trade you make. However, these charges are still lower in cost compared to many other brokers.  It’s a good idea to think carefully and compare accounts before making a decision. This will ensure you choose the most cost-effective option for your specific needs. You should also compare with other brokers too. We have a range of comparison reviews, such as IC Markets vs FP Markets , to help you make your decision.  It’s also important to note that FP Markets isn’t available for US traders. In that case, our forex brokers for USA traders article will give you the information you need.

What types of accounts does FP Markets offer?

There are several accounts to choose from when signing up with FP Markets. The Standard account is a good choice for beginners. This option doesn’t have any commission charges and offers favorable trading conditions. You can also try the demo option to practice your trading strategies. The Raw account is a good option for more advanced traders, however this account does charge variable commission depending on trades.  Both of these accounts have tight spreads and a large range of tradable instruments to choose from. Alternatively, there is an Islamic account also.  By carefully comparing accounts, you can choose the best fit for your needs and preferences.

How good is FP Markets' customer support?

Many users praise FP Markets for its high quality customer support. You can contact a support agent 24/5 via live chat, telephone, or email, and support is available in several languages. Of course, you may experience slight delays during peak times, but this isn’t a regular issue.  Many users praise the advice from customer service agents and state that their problems are usually resolved quickly.

FP Markets compared with alternative brokers

To see the full broker review click “See review”, to see the complete comparison visit the comparison page.

FP Markets logoFP Markets14 customer reviewsStart trading
FxPro logoFxPro206 customer reviewsRead reviewStart trading
AVATrade logoAVATrade12 customer reviewsRead reviewStart trading
IC Markets logoIC Markets18 customer reviewsRead reviewStart trading
FxGlory logoFxGlory10 customer reviewsRead reviewStart trading
HYCM logoHYCM173 customer reviewsRead reviewStart trading
Highlights
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • Specialized trading accounts
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Overall verdict4.5 / 54.7 / 54.3 / 54.6 / 54.8 / 54.6 / 5
Minimum deposit$50$100$100$200$120$
Maximum leverage1:500 (1:30 for EU clients)1:100001:4001:5001:30001:400
Withdrawal fee$0$0$0$0$0No
Deposit fee$0$0$0$0$0No
Safety4.8 / 54.7 / 54.8 / 54.2 / 54.8 / 54.8 / 5
Top-tier regulatorsASICFCAASIC, CBIASIC, CySECNoFCA
Investor protectionYesYesYesYesNoNo