FP Markets in a Nutshell
FP Markets is a forex and CFD broker founded in 2005, offering ECN pricing and market-based execution across a broad range of instruments. Its two core accounts cater to different trading styles: the Standard Account offers a simpler cost structure for beginners, while the Raw Account is better suited to active traders seeking tighter pricing. The Raw Account is particularly suitable for scalping, Expert Advisor trading, and high-frequency strategies, where tighter spreads can help reduce transaction costs. Maximum leverage reaches 1:500 for eligible clients, subject to the applicable entity and regulatory requirements.
Pros
- Wide choice of trading platforms
- No deposit, withdrawal, inactivity, or currency conversion fees
- Supports copy trading, API trading, VPS hosting, and automated strategies
Cons
- Overnight swap fees apply to standard accounts
- Bank deposits can take 7–10 business days
- No standard welcome or deposit bonus
How we test Brokers ?
Trust and Safety
Regulation
FP Markets operates through several companies, and the regulatory protection attached to an account depends on which company accepts the client. This distinction is important because leverage limits, compensation protection, product availability, margin requirements, and some account fees are not identical across every FP Markets entity.
How You Are Protected
FP Markets keeps client funds separate from company operating money. Client deposits are held in segregated bank accounts rather than being mixed with the broker's normal corporate funds. FP Markets states that client money is held with highly rated banking institutions, including banks carrying an AA minus rating in the information provided for its international operations.
Segregation is important because money deposited into a trading account is not intended to fund the broker's salaries, marketing expenses, office costs, or other normal business liabilities. The structure creates a separation between money belonging to clients and money belonging to FP Markets.
FP Markets also provides negative balance protection under applicable account terms. Negative balance protection limits an eligible client's trading loss to the available account balance after positions are closed and account adjustments are completed. It is particularly relevant in leveraged forex and CFD trading because a sharp price gap can move a market beyond a Stop Loss before an order can be executed at the requested price.
Pricing and Fees
Spreads
FP Markets uses floating spreads, starting from 0.0 pips on Raw Accounts and 1.0 pips on Standard Accounts. Average spreads are 1.24 pips on EUR/USD, 1.42 pips on GBP/USD, 1.41 pips on Gold, and 0.6 points on the S&P 500 CFD. Spreads may widen during periods of low liquidity or high volatility, so scalpers should consider both normal and stressed conditions.
Commissions
FP Markets’ Standard Account includes forex and metals costs in the spread, while the Raw Account charges $3 per side per standard lot, or $6 round trip, excluding spreads and swaps. Commodities, indices, and cryptocurrencies generally have no separate commission, while Iress stock CFDs use a separate commission structure.
Swap Fees
FP Markets charges overnight swap on positions held past the 00:00 platform-time rollover, with rates varying by instrument, direction, size, and market conditions. Forex positions normally incur triple swap on Wednesday, while some non-forex CFDs use Friday. Current long and short swap rates are shown in each instrument’s contract specifications.
Non-Trading Fees
FP Markets’ inactivity fees vary by entity. Australian accounts have no inactivity or dormancy fee, while FP Markets Ltd in Saint Lucia charges $10 per month after 90 days of qualifying inactivity. The fee cannot create a negative balance, and accounts with $10 or less may be archived under the dormancy terms.
Deposits and Withdrawals
Deposit Methods
FP Markets supports Visa and MastercardCards, bank transfers, Skrill, Neteller, cryptocurrencies, e-wallets, and broker-to-broker transfers. Local banking and regional payment methods are also available in supported countries. Available options vary by country, FP Markets entity, and account currency.
Deposit Fees and Processing Time
FP Markets does not charge standard deposit fees, although external banks or payment providers may apply charges. Card, e-wallet, and cryptocurrency deposits are typically instant or processed within one hour, while international bank transfers take longer.
Withdrawal Methods
FP Markets supports withdrawals via Visa and MasterCard, bank transfers, e-wallets, cryptocurrencies, and other region-specific methods. Withdrawals generally follow a return-to-source policy: the original deposit must first be returned through the funding method used, after which profits can be withdrawn through another supported method.
Withdrawal Fees and Processing Time
FP Markets charges no standard withdrawal fee, although intermediary banks or payment providers may apply external charges. Card withdrawals typically take 5–10 business days, while bank transfers take around 3–5 business days. Withdrawals can be requested with open positions, provided sufficient free margin remains to support them.
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Markets and Assets
Forex
Forex trading is available with floating spreads and leverage of up to 1:500 for eligible international or professional clients. Retail leverage on major forex pairs can be capped at 1:30 in stricter jurisdictions.
Stocks
Stock CFDs are available through Iress for share CFD and DMA trading. Stock CFD commissions start from $10 per trade, while leverage may be lower than on forex.
Indices
FP Markets offers index CFDs, allowing traders to speculate on the price movements of major stock market indices without buying shares in each company within the index. The selection includes major international indices such as the S&P 500, NASDAQ-related indices, European and Asian indices, and Australian market benchmarks.
Commodities
FP Markets offers CFDs on precious metals, energy markets, and other commodities. Gold is one of the most relevant products for forex traders because XAU/USD is actively traded alongside major currency pairs and reacts strongly to movements in the dollar, interest rate expectations, inflation data, central bank policy, and changes in global risk sentiment.
Bonds
FP Markets offers bond CFDs, providing price exposure to government fixed-income instruments without direct ownership. Bond prices are closely linked to interest rate expectations, making them relevant to traders focused on central banks, inflation, economic growth, and monetary policy
ETFs
FP Markets offers ETF CFDs, allowing traders to gain exposure to baskets of companies or assets without purchasing the underlying fund. These CFDs track ETF price movements and support both long and short trading, with leverage subject to the applicable margin requirements.
Cryptocurrencies
Cryptocurrency CFDs are generally traded with $0 separate commission under the main CFD account pricing structure. The transaction cost is incorporated into the spread.
Platform & Tool Variety
5/5
Trading Platforms
FP Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, WebTrader, and a mobile trading app, with availability depending partly on the selected account and product range. Additional resources include economic calendars, news feeds, and VPS hosting, providing traders with tools for market analysis and a more flexible trading setup.
Trading Tools
FP Markets supports both manual and automated forex trading through MetaTrader 4, MetaTrader 5, and cTrader. MetaTrader users can automate strategies with Expert Advisors, custom indicators, one-click trading, and advanced order types, while cTrader provides Open API access for developing custom trading applications. Copy trading is also available through FP Markets’ social trading environment and Myfxbook AutoTrade, which automatically mirrors trades from selected systems.
Account Types and Conditions
Account Types
The main forex and CFD choices are Standard and Raw accounts. Iress accounts target share CFD and DMA traders, while Islamic versions are available for eligible Standard and Raw clients.
How to Open an Account
Opening a live account requires an online application and KYC verification. Clients typically provide proof of identity and proof of address, such as a passport or ID and a recent utility bill or bank statement.
- Visit the FP Markets website and select the option to open a live account.
- Complete the online application with your personal and contact details.
- Choose your preferred account type and trading platform.
- Complete the required KYC verification process.
- Upload proof of identity and proof of address, such as a passport or ID and a recent utility bill or bank statement.
- Fund your account with at least the required minimum deposit for your selected account type.
- Once the account is approved and funded, log in to your trading platform and start trading.
Customer Support
Channel Variety and Availability
FP Markets provides multilingual customer support 24/7 through live chat, email, and telephone, with callback assistance and a Help Center covering account opening, funding, withdrawals, platforms, and common issues. Live chat is best suited to urgent matters, while email is more appropriate for detailed account queries and callbacks offer convenient phone assistance. Support is available in more than 40 languages, helping international clients with verification, payments, platform settings, and trading account conditions.
Response Time
FP Markets reports a 24-second average live chat response time, with 99.88% of chats answered from March 2024 to March 2025. Email support is available 24/7, but no comparable response time is published and complex queries may take longer. For urgent issues, live chat is the preferred option.
Quality
FP Markets supports clients with account registration, KYC verification, deposits, withdrawals, login issues, trading platforms, and general product questions. For March 2024 to March 2025, the broker reported an 88% live chat satisfaction score and a Net Promoter Score of 65, highlighting customer service as a strong part of its overall offering.
Market Research and Education
Market Research
FP Markets provides a broad range of market research tools designed to help traders follow market developments and make more informed decisions. Its research offering includes FP Markets Intelligence, daily market commentary, expert insights, Traders Toolbox, an economic calendar, and live news feeds. These resources cover key market events, technical and fundamental analysis, and trading opportunities across different asset classes.
Educational Resources
FP Markets offers a comprehensive selection of educational materials for both beginner and experienced traders. The available resources include trading courses, detailed guides, webinars, podcasts, market events, platform tutorials, e-books, and a trading glossary. Together, these materials help traders improve their market knowledge, understand trading strategies, and become more familiar with the broker’s platforms and tools.
Promotions and Bonuses
Welcome Bonus
FP Markets does not currently provide a standard welcome bonus that is automatically available to every new trader. Its regular Standard and Raw Accounts are opened based on normal account conditions rather than a permanent cash or trading credit promotion.
Deposit Bonus
There is no standard global FP Markets deposit bonus available to all clients. The broker has used targeted promotions in selected regions, but these offers have separate start dates, end dates, eligibility rules, and account requirements.
The bonus itself was trading credit rather than withdrawable cash. Regional promotions of this type should therefore be considered temporary marketing offers rather than part of FP Markets' standard trading conditions.
No-Deposit Bonus
FP Markets does not currently include a standard no-deposit bonus in its regular global account offering. A trader normally needs to fund a live Standard or Raw Account with at least $100 or the equivalent before trading with real money.
Affiliate Program
FP Markets runs an affiliate program that pays up to $1,250 CPA for each qualified referred client. The exact payment depends on the affiliate agreement, client location, and qualification conditions.
For MetaTrader 4, MetaTrader 5, or cTrader referrals, a qualified client must open a live account, make a deposit, and trade at least 5 standard forex lots. A new Iress client must deposit and complete at least $300,000 in qualifying trading volume.
The partnership program also supports multi-tier structures and customized deals. FP Markets provides real-time tracking, reporting tools, marketing material, and dedicated support for affiliates and Introducing Brokers.
Final Thoughts
FP Markets offers competitive trading conditions, a broad range of platforms and markets, fast customer support, and strong options for both active and beginner traders. Its Raw Account is particularly suited to traders seeking tighter pricing, while the Standard Account provides a simpler cost structure. Jurisdiction-specific conditions should also be considered, as leverage and other protections can vary by regulatory entity.
Most Asked Questions
What is the minimum deposit at FP Markets?
The minimum deposit is $100 for Standard and Raw accounts. Iress accounts require a minimum deposit of $1,000.
What is the maximum leverage available?
FP Markets offers leverage of up to 1:500, although the available leverage depends on the client's account type and regulatory jurisdiction.
Which trading platforms does FP Markets support?
FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView, along with its mobile app and Iress for share CFD and direct market access trading.
Does FP Markets offer demo and Islamic accounts?
Yes. FP Markets provides demo accounts and swap-free Islamic accounts. Islamic accounts are available for Standard and Raw accounts on MetaTrader 4, MetaTrader 5, and cTrader.
Arlo Fenwick
Arlo Fenwick regularly covers topics such as MetaTrader platforms, copy trading, risk management, leverage policies, and evolving financial regulations across major jurisdictions including the UK, Europe, Australia, and the Middle East.
In addition to broker reviews, Arlo writes educational content aimed at improving financial literacy and trading discipline. His work often emphasizes responsible trading practices, realistic expectations, and the importance of choosing regulated financial providers.
Known for an analytical yet straightforward writing style, Arlo Fenwick continues to serve as a trusted voice in the online trading and investment space, helping readers navigate an increasingly competitive financial marketplace with confidence and clarity.