An Australian CFD and forex broker founded in 2005, with licensed companies in Australia, Cyprus, Kenya and the Seychelles. Standard (spread-only) and Raw (raw spread plus commission) accounts from $100 on MT4, MT5, cTrader and TradingView.
Facts last checked 20 October 2026. Always confirm on the regulator’s register. How we review brokers
Get an email when FP Markets's licence or key facts change.
Key facts
Founded
2005
Headquarters
Sydney, Australia
Minimum deposit
$100
Max. retail leverage
1:30 on major pairs (Australia, EU); up to 1:500 at the international companies
✓ICF up to €20,000 (Cyprus company); none for the Australian, Seychelles or Saint Lucia companiesWhat this means
Regulation and entities
Your protection depends on which company holds your account, and that depends on where you live. Each row is one licensed company. What regulation means
Before you deposit: search the licence number on the register, then check that the website and phone number listed there match the ones you are using. How to check a licence
Websites
Official websites
✓fpmarkets.com
✓fpmarkets.eu
✓fpmarkets.co.ke
Type the address yourself or use a bookmark. Check it matches the website listed for the firm on the regulator’s register.
Watch out for look-alike sites
We have not recorded any look-alike sites for FP Markets. That does not mean none exist.
A clone firm copies a real broker’s name, licence number and branding to take deposits. The register shows the genuine firm, so the surest check is the contact details: if the website, email or phone number you were given is not the one on the register, treat it as a clone. Check a broker step by step
Accounts and costs
Account
Spread from
Typical EUR/USD
Commission per lot
Cost per lot
Min. deposit
StandardSpread only, no commission (MT4, MT5, cTrader)
1.0 pips
1.3 pips
None
$12.9
$100
RawRaw spread plus US$3 commission per lot each way (MT4, MT5, cTrader, TradingView)
0.0 pips
0.2 pips
$6
$7.9
$100
Swipe or scroll sideways to see every column →
Cost per lot = typical EUR/USD spread × $10 + round-turn commission, for one standard lot (100,000 units) in busy hours. Swap and other fees are extra. Trading costs explained
Typical spreads by symbol
Symbol
Standard account
Raw account
EUR/USD
1.3 pips
0.2 pips
GBP/USD
1.6 pips
0.5 pips
USD/JPY
1.7 pips
0.6 pips
XAU/USD
24 cents
10 cents
Swipe or scroll sideways to see every column →
Typical spreads in busy hours, before any commission. They widen overnight, at the weekly open and around news. XAU/USD is quoted in US cents per ounce: 24 cents is $24 on a standard lot of 100 ounces.
Leverage and margin
Leverage lets you open a position bigger than your deposit, so losses grow as fast as gains. The caps below are the most FP Markets allows; you can always use less.
Licensed by ASIC and CySEC, with retail client money held separately from company funds
Publishes average spreads per account (EUR/USD 1.29 pips Standard, 0.19 pips Raw)
Wide platform choice, including cTrader and TradingView
Watch out for
The international website is operated by FP Markets Ltd, a Saint Lucia company (registration 2025-00853) that holds no financial licence; check which company your client agreement names.
International clients may be placed with the Seychelles company (offshore tier), with leverage up to 1:500 and no compensation scheme
Says FP Markets (Pty) Ltd is an FSCA-authorised financial services provider (FSP 50926); we could not confirm it on the FSCA register on 2026-10-20 because the register could not be reached.
Overview
FP Markets was founded in Sydney in 2005 and holds an Australian Financial Services Licence. It offers two accounts: Standard, with the cost built into the spread, and Raw, with raw spreads plus a commission. Both start at US$100 and run on MetaTrader 4 and 5 and cTrader; the Raw account is also on TradingView.
Regulation and safety
We checked these on the regulators’ registers on 20 October 2026: First Prudential Markets Pty Ltd (ASIC AFSL 286354), First Prudential Markets Ltd (CySEC 371/18), FP Markets Limited (Kenya CMA licence 193, a non-dealing online foreign exchange broker) and First Prudential Markets Limited, which appears on the FSA Seychelles list of securities dealers. The Seychelles list gives no licence numbers; SD130 is the number FP Markets publishes. Its South African company (FSCA FSP 50926) could not be checked.
The international website is run by FP Markets Ltd, registered in Saint Lucia (2025-00853). That is a company registration, not a financial licence. FP Markets says it serves clients through the licensed company that fits their country, so check the name on your client agreement. EU clients of the Cyprus company are covered by the investor compensation fund up to €20,000. Our broker regulation guide explains the tiers.
Costs
FP Markets publishes average spreads. On EUR/USD the Standard account averages 1.29 pips, about $12.90 per standard lot. The Raw account averages 0.19 pips plus US$3 commission per lot each way, about $7.90 per lot in total. Gold averages 24 cents on Standard and 10 cents on Raw. Swaps apply overnight. The trading costs guide shows how to compare the two for your volume.
Platforms and tools
MetaTrader 4, MetaTrader 5, cTrader and TradingView are available, plus WebTrader for MT4 and MT5 and a VPS for automated trading. Expert Advisors, scalping and hedging are allowed. See MT4 vs MT5.
Deposits and withdrawals
You can deposit by bank wire, Visa or Mastercard, Skrill, Neteller, crypto or a transfer from another broker. FP Markets says it charges no deposit fee on Skrill and Neteller. It does not publish a withdrawal fee table on the international site, so check the cost for your method in the Client Portal.
Who it may suit
The set-up fits traders who want a choice of MetaTrader, cTrader or TradingView and published average spreads to compare. Australian and EU residents get the ASIC or CySEC company. Others should confirm which company they join, using our broker check, and start on a demo account.
How to open an account
The steps as we checked them. Never deposit until you have confirmed the licence.
Check which company you will join
Australians join First Prudential Markets Pty Ltd (ASIC), EU and EEA residents First Prudential Markets Ltd (CySEC) and Kenyans FP Markets Limited (CMA). International clients may be placed with First Prudential Markets Limited (Seychelles). The international site itself is run by FP Markets Ltd in Saint Lucia. The company is named in your client agreement.
Register in the Client Portal
Give your personal details and answer the questions about your trading experience.
Verify your identity
Upload ID and proof of address if the electronic checks are not enough.
Choose Standard or Raw
Standard has the cost in the spread; Raw has raw spreads plus US$3 per lot each way. Both start at US$100 or the equivalent.
Fund and practise
Deposit by bank wire, card, Skrill, Neteller or crypto from an account in your own name, and try the demo account first.
What changed on this profile
Profile published. Licences checked on the ASIC (AFS licensee data), CySEC, Capital Markets Authority (Kenya) and FSA Seychelles registers. FSCA FSP register could not be reached.
FP Markets: common questions
Is FP Markets regulated?
Yes. First Prudential Markets Pty Ltd holds ASIC AFSL 286354, First Prudential Markets Ltd holds CySEC licence 371/18, FP Markets Limited is licensed by Kenya's CMA (licence 193) and First Prudential Markets Limited is on the FSA Seychelles list of securities dealers. We checked each on 20 October 2026. The international website is run by an unlicensed Saint Lucia company.
Which FP Markets company will I join?
The Australian company if you live in Australia, the Cyprus company in the EU and EEA and the Kenyan company in Kenya. International clients may join the Seychelles company. Check the name in your client agreement before you deposit.
What is the minimum deposit?
US$100 or the equivalent for both the Standard and Raw accounts.
Can I lose more than I deposit?
Retail clients of the Australian and Cypriot companies have negative balance protection under local rules. We found no published policy for the Seychelles or Saint Lucia companies, so ask before you trade with high leverage.
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This profile is factual information, not a recommendation or financial advice. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Read the full disclaimer.
