FP Markets Review 2025

FP Markets is a CFD and forex broker established in 2005. It is currently headquartered in Sydney, Australia, with 40+ awards in the field of client servicing and execution technology. Today, the broker strives to be a leading forex and CFD service provider.

Our Opinion about FP Markets

FP Markets is authorised and licensed by multiple tier-one global authorities. These include CySEC, ASIC, FSA, and more. Committing to it gives users access to various powerful trading platforms, namely the MT4, MT5, cTrader, TradingView, and Iress. My tests confirmed that these platforms are loaded with quality research tools.

When it comes to asset offerings, FP Markets is home to over 10,000 CFD securities. You will explore forex, shares, indices, commodities, cryptocurrencies, bonds, and ETFs. I also analysed the broker’s learning resources, and I must admit that beginners have enough to boost their skill levels.

The FP Markets support service team is highly responsive. The best part is that they operate 24/7 via multiple channels. From my analysis, I highly rate FP Markets and recommend it to traders of all levels.

That being said, below is a summary of the main trading features I discovered at FP Markets.

Is FP Markets Safe & Regulated?

FP Markets is a secure trading platform licensed and regulated by multiple reputable authorities. This means the broker’s operations are restricted by different trading conditions and regulations tailored to enhance client safety. For instance, due to regulatory standards, FP Markets keeps its UK client funds in segregated bank accounts that are only accessible to the clients.

Overall, I discovered six entities, each subject to unique degrees of regulatory oversight. They include:

1. First Prudential Markets PTY Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC).
2. First Prudential Markets Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
3. FP Markets Ltd is licensed and regulated by the Mauritius Financial Services Commission (FSC).
4. FP Markets (Pty) Ltd is licensed and regulated by the South African Financial Sector Conduct Authority (FSCA).
5. FP Markets Limited is licensed by the Capital Markets Authority of Kenya (CMA). 
6. First Prudential Markets Limited is licensed and regulated by the Financial Services Authority (FSA) in Seychelles.

Besides having top-tier authorities regulate its activities, FP Markets is highly encrypted. It ensures that no unauthorised personnel have access to users’ personal information. Plus, it offers negative balance protection for UK clients with a funds compensation system through its CySEC-regulated EU entity.

Additionally, FP Markets has a maximum leverage that restricts retail traders’ market exposure. In the UK, the limit goes up to 1:30 as per ESMA regulations. Note that trading with leverage gives you an opportunity to manage large volumes of trades using a small capital.

However, leverage carries risks of losing a lot of money. Over 70% of UK traders have lost money due to the activity. So, ensure you understand how it works and all the risks attached before incorporating it into your activities.

Fee Structure

FP Markets has a transparent fee structure with no hidden costs. Signing up for a trading account is free with a low minimum deposit requirement of £100. I tested the broker during the London open and discovered that this time is when the market is highly liquid with the tightest forex spreads.

When you trade on the FP Markets Standard account, expect to incur spreads on all assets. The fee starts from 1.0 pips on major currency pairs. Note that this account also charges commissions on share CFDs traded on the MT5 platform. For instance, traders from the UK will incur a 0.10% commission per side while trading equity CFDs. You’ll also have to pay a £60 monthly fee if you use Iress Trader or ViewPoint.

Besides the Standard Account, FP Markets hosts a Raw Account with the lowest trading costs. The spreads start from 0.0 pips on major currency pairs. Plus, there are commission charges, which vary per trade size.

Fortunately, FP Markets does not charge deposit, withdrawal, or inactivity fees. Other fees you will incur, though, include swap charges, which vary based on a contract’s size.

Broker Feature	Details
Minimum Deposit Requirement	£100
Commissions/Spreads	From 0.0 pips
Deposits/Withdrawals	Free
Inactivity Fee	None

Range of Trading Products

There is a large selection of tradable products offered by FP Markets today. While exploring this platform, I discovered over 70 currency pairs and a whopping 10,000+ CFDs across ETFs, shares, metals, and more. Here’s a rundown of this broker’s offering:

Overall, FP Markets hosts over 10,000 securities. Traders can access them as CFDs on both spot and futures markets. For those into share CFD trading, understand that most of these equities are accessible via the FP Markets’ IRESS platform.

Deposit & Withdrawal Methods

I like that FP Markets supports multiple payment methods for deposits and withdrawals. They include debit/credit cards, e-wallets, bank transfers, and more. The best part is that all transactions are free with fast processing times.

Simply put, I find FP Markets to be more reliable and efficient in this category compared to some of its peers. However, you may incur fees from your payment provider. So, confirm all the applicable costs before selecting what aligns with your requirement.

Deposit Methods

Payment Method	Fees	Processing Time	Notes
Asia Banks	£0	Instant	Only three currencies are accepted, including MYR, IDR, and VND
Bank Transfer	£0	1 business day	The broker covers users’ international fees up to £50 for deposits greater than £10,000
Credit Card/Debit Card	£0	Instantly on the MT4/5 platforms. Up to 1 business day on the Iress platform	Supports a wide range of currencies, including AUD, USD, GBP, EUR, and more.
Neteller	£0	Instantly on the MT4/5 platforms. Up to 1 business day on the Iress platform	Supports multiple currencies, including AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, and USD
Skrill	£0	Instantly on the MT4/5 platforms. Up to 1 business day on the Iress platform	Accepts a wide range of currencies, including AUD, USD, GBP, EUR, and more
Crypto Payments	£0	Up to 1 business day	Accepts multiple cryptocurrencies, including BTC, BCH, DOGE, ETH, USDT, and more
Broker to Broker	£0	1 business day	The broker covers users’ international fees up to £50 for deposits greater than £10,000
Google Pay	£0	Instantly on the MT4/5 platforms. Up to 1 business day on the Iress platform	Accepts multiple currencies, including AUD, CAD, USD, EUR, GBP, JPY, PLN, SGD, and more
Apple Pay	£0	Instantly on the MT4/5 platforms. Up to 1 business day on the Iress platform	Accepts multiple currencies, including AUD, CAD, USD, EUR, GBP, JPY, PLN, SGD, and more

Withdrawal Methods

Payment Method	Fees	Processing Time	Notes
Domestic Bank Wire	£0	1 business day once all the required documents are received	Only the AUD currency is accepted
International Bank Wire	£0	5 business days once all the required documents are received	Other than AUD
Credit Card/Debit Card	£0	2-10 business days, depending on your corresponding bank	Supports a wide range of currencies, including AUD, USD, GBP, EUR, and more.
Neteller	1% up to 30 USD + country fees (if applicable)per 45,000 USD transaction	1 business day	Supports multiple currencies, including AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, and USD
Skrill	1% + country fees (if applicable)	1 business day	Accepts multiple currencies, including AUD, USD, GBP, EUR, and more
Crypto Payments	Blockchain fees applicable	1 business day	Accepts multiple cryptocurrencies, including BTC, BCH, DOGE, ETH, USDT, and more
STICPAY	5% for bank wire, 2.5% for wallet.	Wallet – InstantBank wire – 1-2 business days.	Accepts multiple currencies, including JPY, EUR, GBP, USD, HKD, TWD, KRW, and SGD
Rapid Transfer	1%	1-2 business days	Accepts multiple currencies, including EUR, DKK, SEK, HUF, GBP, PLN, and NOK

Account Types Available

I discovered four types of trading accounts at FP Markets. These include the Standard and Raw accounts for the MT4/5 platforms. There are also the Retail and Professional accounts for Iress users.

As mentioned earlier, the Standard account is spread-based with commissions applying only on share CFDs. On the other hand, the Raw account is commission-based with spreads starting from 0.0 pips on major forex pairs. Creating these accounts is simple, and it will only take you 10 minutes to complete the process.

For the retail and professional/wholesale accounts, users incur commissions. However, these accounts have a high minimum deposit requirement of £1,000. The good news is that they are loaded with quality advanced resources like DMA access, VIP programs, a personal account manager, and more.

That being said, let’s explore below some of the assets you will find at FP Markets.

Account Types	Minimum Deposit	Commissions/Spreads	Available Instruments	Recommended for
Standard	£100	From 1.0 pips	Forex, shares, metals, commodities, indices, ETFs, digital currencies, bonds	MT4 and MT5 users
Raw	£100	From 0.0 pips	Forex, shares, metals, commodities, indices, ETFs, digital currencies, bonds	MT4 and MT5 users
Retail	£1,000	£6 min, then 0.06%	Forex, shares, metals, commodities, indices, ETFs, digital currencies, bonds	Professionals
Professional/Wholesale	£1,000	0.05%, no min	Forex, shares, metals, commodities, indices, ETFs, digital currencies, bonds	Professionals

UK traders are free to register for trading accounts at FP Markets. However, beginners can start trading with the broker’s demo account. This account works like the live version, but you will trade using virtual funds. Through the demo account, you will understand how each platform operates. Plus, you will explore FP Markets’ features and decide whether the broker is worth committing to.

When I first started trading at FP Markets, I found the demo account to be user-friendly. All menu commands were easily accessible, which contributed to my worthwhile trading experience. And, I didn’t spend any of my hard-earned money until I switched to live trading.

Platforms & Tools

FP Markets offers a broad range of trading platforms catering to all types of traders. The first platform I vetted was FP Markets WebTrader. I was impressed by how professionally organised everything is. The layout is clean and stylish. You can access anything easily, from the company’s policies and legal documents to educational resources and materials.

Additionally, FP Markets hosts a wide range of third-party platforms primarily tailored for expert traders. My tests confirmed the availability of MT4, MT5, cTrader, and TradingView platforms. A professional-grade Iress platform is also at your disposal, especially if you like trading shares.

For traders who are into copy trading, this service is provided by FP Markets via the Myfxbook (MT4) and cTrader. You can refer to the table below for additional key features on FP Markets’ platforms.

Platform	Key Features	Best For
WebTrader	Low spreads, Fast order execution	Beginners, day traders
cTrader	Advanced charting and order types, Fast order execution, Level 2 pricing, Smart stop-out, economic calendar	Professional traders, day traders, copy traders
TradingView	100,000+ public indicators, customisable layouts, Social trading	Expert traders, day traders, social traders
MetaTrader 4	EAs, Automated trading, One-click trading, Copy trading	Expert traders, day trading, scalping, algo trading, forex traders, copy traders
MetaTrader 5	Built-in indicators, graphical objects, Copy trading, 8 order types, 21 time frames	Expert traders, day trading, scalping, algo trading, backtesting, trading signals
Iress	10,000+ financial instruments, News and economic calendar, DMA, technical indicators and charts	Share traders, scalpers, expert traders, Direct Market Access (DMA)

Overall, every UK trader will find a suitable platform at FP Markets. This is whether you are a day trader, scalper, or more. The best part is that all the platforms operate seamlessly on desktop and mobile devices. You will have the flexibility to manage your trades anywhere, anytime. Plus, they host risk management tools like stop-loss and take-profit orders.

Help & Support

FP Markets has a 24/7 support service operating via multiple channels. I spent over a week testing the team’s reliability, and I must admit that they are very responsive. This is especially when contacted via email and live chat. Live chat has an instant response, and email takes up to 24 hours. I find this commendable compared to other brokers’ support services, with email responses that take up to 5 days.

I not only tested the support’s response rate but also how it handles the questions and concerns presented. I asked them numerous questions regarding their services. The politeness I received from the professionals was impressive. Plus, I got relevant solutions that helped me effectively manage my positions.

I didn’t like the phone support, though, as it took a long time for a representative to answer my calls and address my needs. Overall, the FP Markets support service team is highly professional and polite. They are available in 17+ languages.

Besides a support team, FP Markets has a rich FAQ section where answers to questions like how to change your password are provided. If you have any queries, search for the answer on this page before contacting support.

Learning Materials

There is a wide range of learning resources at FP Markets Academy. They include articles, webinars, guides, e-Books, and recorded videos. I find the volume of educational materials substantial for any trader looking to trade while learning the markets.

However, I didn’t discover many advanced topics, as many resources were basic. For instance, users will learn more about margin, swap, spreads, introduction to technical indicators, and more.

Additionally, the broker’s podcast is outdated, and there are very few webinars scheduled. Hopefully, FP Markets will update the resources in the future and be more organised.

Feature	Available	Notes
FP Markets Academy	Yes	Covers substantial topics from basic concepts to advanced applications
Webinars	Yes	Weekly financial markets updates and expert insights
Copy Trading	Yes	Follow the most professional traders to learn from them. You can also copy their potentially profitable positions
Market Research	No	Limited compared to some of its peers, like Saxo

Another learning resource at FP Markets is the social trading feature. Through the platform, you will be able to interact with other global traders. You will share various ideas, thus grasping a few trading strategies. And the best part is that you can follow the most professional traders within your circle. This way, it will be easier for you to copy their potentially profitable trades and earn profits when they do.

Account Setup Process

Another crucial element I thought it was best to include in this First Prudential Markets review is opening a live trading account. You see, at FP Markets, the process is pretty straightforward.

As a beginner, I know you must be sceptical about making the first move. Fret not, though. I share below the simple steps that will ensure you have an FP Markets account up and running within minutes.

FP Markets: What to Consider

Before you settle for FP Markets as your reliable brokerage firm, ensure you analyse a few elements. First, test its performance via its demo account and ensure all features, from fees and performance to resource availability, align with your needs.

Additionally, FP Markets is home to a variety of trading platforms and accounts. Thoroughly analyse and compare their features. While I highly recommend it to any trader in the UK, it might not suit everyone’s requirements.

For instance, beginners who are looking to benefit from learning resources and social/copy trading will enjoy their experience. Advanced traders who like third platforms have the MT4, MT5, cTrader, and TradingView at their disposal.

From my expert analysis, FP Markets is a secure and reliable broker. It offers quality resources that any trader will enjoy and maximise their potential with. However, I hope that it will include the purchasing of physical securities in the near future.

That being said, my FP Markets review above will help you understand the services and offerings of this broker. You can also visit its official website for more information that will help you make the best decision on whether to commit.