FP Markets Review 2026
FP Markets is an Australia-founded forex and CFD broker with ASIC, CySEC, FSCA and FSA Seychelles entities, known for raw-spread pricing and MetaTrader/cTrader access.
- 81 / 100
- Compliant
- Australia
- ASIC
- CySEC
- CMA Kenya
- FSCA
- FSA Seychelles
- FSC Mauritius
- Min. Deposit
- $100
- Max. leverage
- 1:500
- Spread From
- 0.0 pip
- Commission
- $6/lot
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView and FP Markets mobile trading tools.
Key features
- Raw account pricing from 0.0 pip plus commission
- ASIC, CySEC, FSCA and FSA Seychelles entity options
- MT4, MT5, cTrader and TradingView support
- Good fit for scalping and algorithmic trading
Regional coverage
Strong fit for Australia, EU, South Africa and international traders seeking raw-spread execution. The global site is now operated by FP Markets Ltd (a Saint Lucia company registration, not a licence), and a UAE Category 5 introducing licence was granted in September 2026. Entity routing determines leverage and compensation coverage.
Investor protection
ASIC and CySEC entities provide stronger conduct oversight than offshore routes. CySEC clients may access ICF compensation where eligible.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FSA Seychelles · License No. SD130
First Prudential Markets Ltd · Global / International
FSC Mauritius · License No. GB21026264
First Prudential Markets Ltd · Selected jurisdictions
Trading conditions
- Min. Deposit
- $100
- Spread From
- 0.0 pip Raw
- Commission
- $6/lot
- Max. leverage
- 1:500
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView and FP Markets mobile trading tools.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Advertises raw / 0.0-pip pricing on at least one account path.
- Islamic / swap-free accounts are published as available in supported regions.
- Both MetaTrader 4 and MetaTrader 5 are listed.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
Usually not for
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.