FP Markets Review 2023

/ 5
FP Markets is #93 in our CFD broker rankings.

We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs.

- DayTrading Review Team

FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.


Demo Account

Copy Trading

Beginner Friendly
MT4, MT5, AutoChartist, TradingCentral
CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Neteller, PayPal, Wire Transfer, Credit Card, Skrill
and 10 more

Forex Trading

FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.

Stock Trading

Speculate on price movements of 10,000+ international stocks using CFDs. An excellent range of global markets is covered, including exchanges from London, Hong Kong, Paris, Frankfurt, Madrid, Amsterdam and New York. However, the broker does not support physical stock trading.

CFD Trading

FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.

Crypto Trading

Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.

Copy Trading

FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.


  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends

✓ Pros

  • Regulated and reputable broker with ASIC and CySEC oversight
  • Tight spreads available on both the standard and raw spread account
  • Good range of additional tools and features including educational content, Myfxbook and Autochartist
  • MT4, MT5 and IRESS trading platforms
  • One of the fullest asset lists on the market
  • Bespoke copy trading platform
  • High leverage up to 1:500

✗ Cons

  • $55 subscription fee on IRESS accounts
  • Withdrawal fees for some payment types
  • Does not accept US customers

FP Markets is an international forex broker offering the MT4, MT5 and Iress trading platforms, along with raw spreads and high leverage. This review covers everything from fees and minimum deposits to account registration and live chat support. Find out whether you should start trading with FP Markets.

FP Markets Company Details

FP Markets is an Australian broker founded in 2005 and regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

The broker is headquartered in Sydney with an additional entity registered in Saint Vincent and the Grenadines. Its clients span the globe, from India and Malaysia to Europe and the UK.

The award-winning broker offers over 13,000 products, including forex, share CFDs, indices, commodities, and cryptocurrencies. Clients of all levels can choose between ECN or DMA pricing with a range of tools at their disposal.

Trading Platform Reviews

MetaTrader 4

The MetaTrader 4 (MT4) platform is one of the most powerful platforms and a top choice among traders of any level. FP Markets has partnered with some of the leading forex liquidity providers to ensure fast execution and reliability. Enjoy automated trading and advanced analysis features, including:

FP Markets MT4 trading platform
FP Markets MT4 trading platform

MT4 is compatible with Windows 7 or higher PCs and Mac OSX and can be downloaded from the broker’s website upon registration.

MetaTrader 5

For the ultimate professional experience, the MT4 successor offers superior features, charting capabilities, signals, plus automated and copy trading functions. Traders also enjoy an improved strategy tester for greater precision with trading robots. Advanced features include:

MT5 is also compatible with Windows and Mac PCs and can be downloaded from the broker’s website.

MetaTrader WebTrader

Trade from anywhere with an internet connection with the flexible WebTrader, offering the same functionality and execution capabilities as the desktop platform. Without zero installation required, WebTrader allows for one-click trading, real-time price quotes, the complete suite of tools, plus data synchronisation across all platforms.

You can access the WebTrader straight from the broker’s website, using any major internet browser.


FP Markets also offers three additional trading platforms: IRESS Viewpoint, IRESS Trader, and IRESS Investor. The IRESS suite is a top-rated DMA (Direct Market Access) execution system. Though the platforms are similar, IRESS Viewpoint is the updated version of IRESS Trader while IRESS Investor is designed for investors who wish to use hedging strategies.

All three platforms are packed with technical indicators, including trend, momentum and volatility indicators such as Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI) and Bollinger Bands.

Features across all three systems include:

FP Markets Iress trading platform
FP Markets IRESS trading platform

IRESS is compatible with Windows and Mac PCs and is accessible upon account registration.


There are six main markets available at FP Markets:

The broker has also introduced a detailed share CFD directory with a dedicated page for each of the stock CFDs offered. This useful resource contains information on the company profile, share price, relevant news and more, informing trading decisions.

Spreads & Commissions

Spreads on major pairs such as the EUR/USD start from 0 pips, averaging around 0.09 with the Raw account and about 1.19 with the Standard account. Indices are equally competitive, starting at 0.31 for the FTSE 100 on both accounts.

For precious metals, spreads average 0.13 pips with the Raw account for gold and around 0.01 for silver. These are competitive when compared to the likes of Pepperstone and IG.

Fees are built into the spread with the Standard MetaTrader account, however commission rates with the IRESS accounts are more complex. A full breakdown can be found on the brokerage’s website.

Other fees to be aware of include a $55 per month subscription fee for IRESS Trader/Viewpoint, as well as swap rates on overnight positions. A useful swap rate calculator is available on the website.


At FP Markets, you can leverage trades up to 1:500 across both the Standard and Raw accounts. A margin calculator can be found on the broker’s website, as well as a useful margin table for global exchanges including the ASX and LSE.

Details of the margin call process are also available on the broker’s website.

Mobile Apps

FP Markets App

The broker rolled out its own mobile trading app in 2021. The app, available from the App Store and Google Play, offers desktop integration and a portfolio of useful analysis and trading tools. Users can make fast in-app deposits and withdrawals, create a Favourites last for faster trading, and also benefit from leading liquidity providers. For clients wanting to effortlessly move from desktop and mobile, the broker’s app will tick all the boxes.


FP Markets mobile trading app
FP Markets mobile trading app


MetaTrader App

The MetaTrader platform is available as a mobile app, downloadable onto iOS and Android smart devices. The app receive positive customer reviews. MetaTrader for mobile offers a user-friendly interface with interactive charting tools, featuring easy scrolling and zooming functions, push notifications, and one-touch trade execution. Traders can also view their full trading history and manage their account in offline mode.

Payment Methods


Depositing funds is fast and easy with FP Markets, who offer over 10 flexible funding options with zero fees. Available methods include credit and debit cards, bank transfer (Domestic and International), BPay, Poli, PayPal, Neteller, Skrill, PayTrust, Ngan Luong, FasaPay, Online Pay, and Broker to Broker.

FP Markets does not charge any deposit fees and will cover internal bank fees (less than $50) for international deposits over $10,000.

Deposit times are generally instant for those using the MetaTrader platforms, except for bank transfers, BPay, and broker to broker transfers, which take up to 1 business day. All methods take up to 1 business day if using the Iress platform.


You can withdraw funds from the client area via the same methods, with fast withdrawal times of up to 1 business day.

There is no minimum withdrawal but there are fees to consider when collecting revenue, including A$10 for international bank wire, $18 for Online Pay, 1,000 VND + 1% for Ngan Luong, and A$25 for international broker to broker transfers. Neteller charges 2%, Skrill 1%, FasaPay 0.5%, PayTrust 1.5% and Paypal 2% (if using IRESS). Card payments and Australian bank wire transfers are free.

Details of the withdrawal policy are available from the Trading Info area.

Demo Account

Traders can choose to register for a demo account in either the MetaTrader 4 or Iress platforms for 30 days. A demo account is a perfect training tool for those looking to test out the environment before committing real money to a live account. It’s also possible to open demo accounts in both MT4 and Iress simultaneously.

You can get set up and receive your demo login details in seconds, using the online registration form.

Bonuses & Promos

FP Markets is a fully regulated broker and therefore does not offer any deposit bonuses or promotions.


FP Markets Pty Ltd is fully regulated by the Australian Securities and Investments Commission (ASIC) operating under Australian Financial Services License (AFSL) number 286354. The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 371/18. Both the ASIC and CySEC are highly reputable along with the UK Financial Conduct Authority (FCA).

As per regulatory requirements, FP Markets is audited by an external independent auditor, BDO Australia. Client funds are also segregated and held with AAA rated banks such as National Australia Bank or Commonwealth Bank of Australia.

Note, however, FP Markets does not offer negative balance protection under the Australian entity.

Additional Features

FP Markets offers a range of educational resources and trading tools suited to all levels, including:

FP Markets Social Trading

The broker has released a bespoke social copy trading solution. Clients can automatically mirror the positions and strategies of established investors. Available on iOS and Android devices, clients can use the broker’s ranking table to find a Provider with a solid trading history and whose strategies and risk parameters match up. A great way to test new markets or to learn from leading traders, this latest feature from FP Markets has a lot to offer.

FP Markets copy trading

Account Types

You can choose between a Standard or Raw account in the MetaTrader platforms. Alternatively, you can open a Standard, Platinum, or Premier account in the Iress platforms.

The Standard and Raw accounts are better suited to beginner traders, with only a A$100 minimum deposit (or currency equivalent), which is reasonably low if compared to IC Markets, for example. The maximum leverage is 1:500 and the Standard account is commission-free, whilst the Raw account charges $3.

The IRESS accounts are designed for more professional traders, with minimum deposits between A$1,000 and A$50,000. Commission per lot is A$10 minimum plus 0.1% for the Standard account, A$9 minimum plus 0.09% for the Platinum account, and no minimum plus 0.08% for the Premier account. Equity CFD margin requirements start from 3% across all three accounts.

Islamic swap-free options are also available, as well as PAMM/MAM trading accounts.


There are numerous benefits of opening an account with FP Markets:


Drawbacks of FP Markets include:

Trading Hours

For FX currency pairs, trading is available 24 hours a day with a two-minute break between 23:59 and 00:01 GMT. The trading week runs from Monday at 00:02 to Friday at 23:57 GMT.

For metals and cryptocurrencies, opening hours are 01:00 – 23:59 GMT daily and 01:00 – 23:57 GMT on Fridays.

Opening hours for equities/stocks are 10:00 – 18:30 GMT for European and UK stocks, and 16:30 – 23:00 GMT for US stocks.

All other assets vary and can be found on the Trading Hours page on the website.

Customer Support

You can contact FP Markets from Monday – Saturday (AEDT) at 07:00 – 07:00 and Sunday – Friday (GMT) at 22:00 – 22:00. Help is available via:

User reviews show the support team are reliable and helpful. They can advise on APIs, as well as how to close an account or leave a bad review. Note they cannot give tax advice.

FP Markets Pty Ltd is headquartered at Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia.

Trader Security

The MetaTrader platforms are protected with 128-bit Secure Sockets Layer (SSL) encryption, as well as the option to enable two-factor authentication (2FA) at login. All funding and payment options are also secure and comply with industry regulations.

FP Markets Verdict

FP Markets offers an excellent trading environment with raw spreads and a choice of ECN or DMA accounts. The MetaTrader and Iress platforms are suited to both beginners and experts, while there’s a substantial choice of forex, equity CFDs, futures, and cryptocurrencies. The quality of customer service, fast sign-up process, and user-friendly client portal are particularly favourable, making FP Markets a good choice for all levels.

Accepted Countries

FP Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FP Markets from United States, Japan, New Zealand, Belgium.

Payment Methods

FP Markets Details

Minimum Trade 0.01 Lots
Regulated By ASIC, CySEC, ESMA
Account Types
  • STP
  • ECN
  • DMA
  • MAM
  • PAMM
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading No
Volatility Index Yes
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker Yes
Auto Trading Expert Advisors (EAs) on MetaTrader
Social Trading Yes
Inactivity Fee $0
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • National Stock Exchange Of India
  • New York Stock Exchange
  • Aluminium
  • Copper
  • Corn
  • Gold
  • Iron
  • Natural Gas
  • Oil
  • Palladium
  • Platinum
  • Silver
  • Soybeans
  • Steel
  • Wheat

CFD Trading Details

FTSE Spread 1.64
GBPUSD Spread 1.9 average
Oil Spread 0.04
Stocks Spread Variable
Leverage 1:30 (UK), 1:500 (Global)

Forex Trading Details

GBPUSD Spread 1.9
EURUSD Spread 1.1
EURGBP Spread 1.7
Assets 60+
Currency Indices
  • USD

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTX
  • SOL
  • XLM
  • XRP

Compare FP Markets

Compare FP Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to FP Markets:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

FP Markets Comparison Table

Compare FP Markets With Similar Brokers
FP Markets IG Group Just2Trade Kwakol Markets
Rating 4 4.4 3.5 4.5
Markets CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts
Education Yes Yes No No
Platforms MT4, MT5, AutoChartist, TradingCentral MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5, AutoChartist
Leverage 1:30 (UK), 1:500 (Global) 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 15 6 20 4
Visit Visit Visit Visit
Review FP Markets
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by FP Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare FP Markets Trading Instruments
FP Markets IG Group Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver Yes Yes Yes Yes
Corn Yes No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs Yes Yes Yes No
Bonds Yes Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index Yes Yes No No

FP Markets vs Other Brokers

Compare FP Markets with any other broker by selecting the other broker below.

FP Markets vs


What products does FP Markets offer?

FP Markets offers thousands of tradable products within several markets, including forex, indices, share CFDs, metals, commodities, and cryptocurrencies.

What is the margin call/stop out level at FP Markets?

FP Markets will contact clients if their margin level falls to 100%. Stop out is at 50% margin level, where trades will be automatically closed starting from those with the largest loss.

How can I make a deposit or withdrawal at FP Markets?

You can fund your account or withdraw money from within the client area, once you have registered for an account.

How can I close my FP Markets account?

To close your trading account, email cash@fpmarkets.com. You can also request a full withdrawal of funds.

Does FP Markets offer a demo account?

Yes, you can register for a demo account on both the MetaTrader or Iress platforms.

FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.