FP Markets Review 2026

Founded in 2005, FP Markets is a well-established Australian forex and CFD broker known for its true ECN pricing model, tight spreads, and professional-grade trading infrastructure.

With more than 20 years of operation, FP Markets has built a reputation as a broker focused on low-cost trading, fast execution speeds, and institutional liquidity access. It caters to both retail and professional traders worldwide.

Company Overview

• Founded: 2005
• Years in operation: 21 years (as of 2026)
• Headquarters: Sydney, Australia
• Broker Type: ECN / STP
• Execution Model: No Dealing Desk (NDD)

FP Markets operates primarily as an ECN/STP broker, meaning client orders are routed directly to liquidity providers rather than handled internally like a traditional market maker.

This structure generally reduces conflicts of interest and offers tighter spreads.

Regulation and Licenses

FP Markets is regulated by several respected authorities:

• ASIC – Australian Securities and Investments Commission
• CySEC – Cyprus Securities and Exchange Commission
• FSCA – Financial Sector Conduct Authority (South Africa)
• FSA – Seychelles

Regulatory protections include:

• Segregated client funds
• Negative balance protection (EU clients)
• Transparent execution policies

Restricted Countries

FP Markets does not accept clients from:

• United States
• Japan
• Certain sanctioned jurisdictions

Availability depends on regulatory entity.

Account Types

FP Markets offers two primary retail accounts:

Standard Account

• Spread-only pricing
• No commission
• Spreads from ~1.0 pip

Raw Account (ECN)

• Spreads from 0.0 pips
• Commission: ~$3 per lot per side ($6 round turn)
• Designed for active traders and scalpers

Additional Options:

• Islamic (Swap-Free) Accounts
• Demo Account
• Professional Account (higher leverage for qualified traders)

The Raw account is particularly attractive for traders seeking institutional-style pricing.

Tradable Instruments

FP Markets offers over 10,000+ financial instruments, depending on entity.

Asset classes include:

• Forex
• Global Stocks (CFDs & Direct Shares in some regions)
• Indices
• Commodities
• Metals
• Cryptocurrencies
• ETFs
• Bonds

Number of Forex Pairs

FP Markets provides access to approximately 60+ forex currency pairs, including:

• Major pairs
• Minor pairs
• Exotic pairs

This makes it competitive among ECN brokers.

Trading Fees and Spreads

Trading costs vary by account type.

Standard Account

• EUR/USD spread: ~1.0 – 1.2 pips
• No commission

Raw Account

• EUR/USD spreads: from 0.0 pips
• Commission: ~$6 per round lot

FP Markets is widely regarded as one of the lower-cost ECN brokers in the market.

Other fees:

• No deposit fees (most methods)
• No withdrawal fees (excluding bank charges)
• No inactivity fee (varies by entity)

Minimum Deposit

• Minimum Deposit: $100

This is competitive and accessible for retail traders.

Deposit Methods

FP Markets supports multiple funding options:

• Credit/Debit Cards
• Bank Wire Transfer
• Skrill
• Neteller
• PayPal (select regions)
• Local payment methods

Withdrawal Methods

Withdrawals are processed via:

• Original deposit method
• Bank transfer
• E-wallets

Processing time:

• 1 business day internal processing
• Additional time depending on bank/payment provider

Trading Platforms

FP Markets offers a wide range of professional trading platforms.

MetaTrader 4 (MT4)

• Automated trading (Expert Advisors)
• Advanced technical indicators
• Customizable charts

MetaTrader 5 (MT5)

• Multi-asset trading
• Additional timeframes
• Depth of market

cTrader

• True ECN interface
• Level II pricing
• Advanced order types
• Fast execution

IRESS (Share Trading Platform)

• Advanced stock trading platform
• Designed for professional equity traders

This platform diversity is a major strength of FP Markets.

Mobile Trading Applications

FP Markets supports:

• MT4 mobile app
• MT5 mobile app
• cTrader mobile

These apps allow:

• Real-time quotes
• Technical charting
• Order management
• Push notifications

Trading Tools

FP Markets provides:

• VPS hosting
• Autochartist
• Economic calendar
• Myfxbook integration
• Copy trading
• Advanced charting tools

Execution speed and liquidity depth are key advantages.

Research & Market Analysis

Research resources include:

• Daily market analysis
• Technical analysis updates
• Forex news
• Economic calendar
• Trading blog

While solid, research is not as extensive as institutional brokers like FOREX.com.

Educational Resources

FP Markets offers:

• Trading guides
• Beginner education
• Webinars
• Video tutorials
• Demo accounts

Education is solid but slightly more limited compared to brokers that heavily target beginners.

Industry Awards

FP Markets has received multiple awards over the years, including:

• Best Global Forex Value Broker
• Best ECN Broker
• Best Customer Service Broker

Awards vary by region and financial publication.

Is FP Markets a Good Broker in 2026?

FP Markets is best suited for:

• Scalpers
• Algorithmic traders
• ECN-focused traders
• Active forex traders
• Traders wanting cTrader access

It may be less ideal for:

• Absolute beginners
• Traders seeking strong bonus promotions
• Investors looking for long-term direct stock ownership only

Final Verdict

With over 20 years in operation, FP Markets has positioned itself as a strong ECN/STP broker offering tight spreads, fast execution, and professional platforms.

Its Raw account is particularly attractive for serious forex traders seeking institutional-style pricing.