FP Markets Review 2026
ECN pricing plus real stock access. Strong for Asia-Pacific.
Australian regulated with ECN pricing from 0.0 pips. 10,000 instruments including real stocks via IRESS. Strong choice for Australian and Asian traders.
The basics
FP Markets was founded in 2005 and is headquartered in Sydney, Australia. It is privately owned. The broker offers CFDs on 10,000 instruments across forex, indices, commodities, and crypto. Real stock ownership is available in addition to CFDs.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2005 |
| Headquarters | Sydney, Australia |
| Instruments | 10,000+ |
| Platforms | MT4, MT5, cTrader, TradingView, IRESS |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | Yes |
Is FP Markets safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Australia does not have a government-backed compensation scheme like the FSCS, but ASIC enforces high conduct standards.
| Regulator | Licence | Entity |
|---|---|---|
| ASIC | 286354 ✓ | First Prudential Markets Pty Ltd |
| CySEC | 371/18 ✓ | FP Markets EUGMBH |
| FSA | SD026 ✓ | First Prudential Markets Ltd |
You can verify the ASIC licence at asic.gov.au/online-services/search-asic-s-registers. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
FP Markets spreads
These are the typical spreads on FP Markets's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 1.1 (std) / 0.0 (raw) pips |
| GBP/USD | 1.4 / 0.0 pips |
| USD/JPY | 1.1 / 0.0 pips |
| Gold (XAU/USD) | 12c/oz |
| S&P 500 | 0.4pt |
FP Markets's EUR/USD spread of 1.1 (std) / 0.0 (raw) pips is competitive for a retail broker without a per-trade commission.
FP Markets withdrawal fee and processing time
Fee: None. FP Markets does not charge withdrawal fees.
Processing time: 1 to 2 business days. FP Markets is generally fast. Most withdrawals process within 24 hours.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
FP Markets minimum deposit by entity
The minimum deposit depends on which FP Markets entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| First Prudential Markets Pty Ltd | ASIC 286354 | $100 | 1:30 |
| FP Markets EUGMBH | CySEC 371/18 | $100 | 1:30 |
| First Prudential Markets Ltd | FSA SD026 | $100 | 1:500 |
FP Markets vs IC Markets
| FP Markets | IC Markets | |
|---|---|---|
| Primary regulator | ASIC 286354 | ASIC 335692 |
| Min deposit | $100 | $200 |
| EUR/USD spread | 1.1 (std) / 0.0 (raw) pips | 0.8 (std) / 0.02 (raw) pips |
| MetaTrader | Yes | Yes |
| Instruments | 10,000+ | 2,250+ |
| Copy trading | No | No |
| Withdrawal fee | None | None |
Both brokers are regulated and legitimate. FP Markets suits traders who value MetaTrader and algorithmic trading. IC Markets is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| ASIC | 286354 — First Prudential Markets Pty Ltd |
| CySEC | 371/18 — FP Markets EUGMBH |
| FSA | SD026 — First Prudential Markets Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- ASIC and CySEC regulated
- ECN spreads from 0.0 pips
- MT4, MT5, cTrader, TradingView
- Real stocks via IRESS
- 10,000+ instruments
- No inactivity fee
What does not work
- No MetaTrader for stocks (IRESS is separate)
- $200 minimum for IRESS
- Not available in US, Canada
The verdict
FP Markets is a legitimate, regulated broker. The ASIC licence number 286354 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.4 out of 5.
Alternatives to FP Markets
If FP Markets does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is FP Markets safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. FP Markets holds ASIC licence 286354, which is publicly verifiable on the official register.
What is the FP Markets minimum deposit?
The minimum deposit is $100. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the FP Markets EUR/USD spread?
The EUR/USD spread on FP Markets standard accounts is typically 1.1 (std) / 0.0 (raw) pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does FP Markets take to process withdrawals?
1 to 2 business days. FP Markets is generally fast. Most withdrawals process within 24 hours.
Does FP Markets charge withdrawal fees?
None. FP Markets does not charge withdrawal fees.
Does FP Markets have MetaTrader?
Yes. FP Markets supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.