Broker Details
FP Markets Broker Review – A Complete In-Depth Analysis
Introduction
FP Markets is a globally recognized forex and CFD broker known for its tight spreads, low-cost trading, and fast execution speeds. Established in 2005, the broker has built a strong reputation in the financial markets, offering traders a secure and highly regulated environment to execute trades. FP Markets provides access to forex, indices, commodities, shares, and cryptocurrencies, catering to both beginner and professional traders.
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In this review, we will cover account types, trading conditions, deposit and withdrawal details, trading platforms, broker type (ECN/STP), offers, bonuses, contests, and overall performance.
Regulation & Safety
FP Markets is regulated by multiple top-tier authorities, ensuring compliance with strict financial regulations:
- ASIC (Australia) – License No. 286354
- CySEC (Cyprus) – License No. 371/18
- FSCA (South Africa) – License No. 50926
- FSA (St. Vincent & the Grenadines) – Offshore entity
Security of Funds
✔ Client funds are segregated in top-tier banks
✔ Negative balance protection for EU and Australian clients
✔ SSL encryption & secure trading environment
FP Markets follows strict compliance rules, making it a safe and trusted broker for global traders.
Broker Type – ECN & STP Trading Model
FP Markets operates on a hybrid ECN/STP model, providing direct market access (DMA) with no dealing desk (NDD) intervention.
- Raw ECN Account: Offers direct access to liquidity providers with tight spreads starting from 0.0 pips and low commissions.
- STP Standard Account: Spreads start from 1.0 pips with no commission, best suited for beginners.
✅ Verdict: FP Markets provides true ECN pricing, making it a perfect choice for scalpers, day traders, and professional traders.
Trading Accounts & Conditions
FP Markets offers multiple account types tailored for different trading styles:
| Account Type | Spreads | Commission | Min Deposit | Leverage | Broker Type | Trading Platform |
|---|---|---|---|---|---|---|
| Standard (STP) | From 1.0 pips | No commission | $100 | Up to 1:500 | STP | MT4, MT5, TradingView, WebTrader, App |
| Raw (ECN) | From 0.0 pips | $3 per lot | $100 | Up to 1:500 | ECN | MT4, MT5, TradingView, WebTrader, App |
FP Markets also provides IRESS accounts for traders looking to trade DMA shares with advanced tools.
Minimum Deposit & Withdrawal Details
- Minimum Deposit: $100
- Minimum Withdrawal: $50 (varies by method)
- Deposit Methods: Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, Crypto Payments
- Withdrawal Methods: Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, Crypto Payments
- Processing Time: Instant for most deposits; withdrawals take 1-3 business days
✅ Verdict: FP Markets offers flexible funding options with no hidden deposit fees.
Trading Instruments
FP Markets provides access to a diverse range of assets across global markets:
- Forex: 60+ currency pairs (majors, minors, exotics)
- Indices: Global indices like NASDAQ, S&P 500, Dow Jones, DAX 40
- Commodities: Gold, silver, crude oil, natural gas
- Shares: Over 10,000 global stocks (US, UK, Australia)
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin
Traders can diversify their portfolio using low-spread trading instruments.
Trading Platforms – MT4, MT5, TradingView & More
FP Markets offers multiple cutting-edge trading platforms to suit different trading styles:
MetaTrader 4 (MT4) & MetaTrader 5 (MT5)
✔ Advanced charting & analysis tools
✔ Automated trading (Expert Advisors)
✔ One-click trading & market depth
TradingView
✔ Superior charting tools
✔ Social trading features
✔ Integrated market news & indicators
WebTrader
✔ No download required
✔ Full browser-based trading
FP Markets Mobile App
✔ Trade on the go with an easy-to-use mobile app
✔ Instant price alerts & push notifications
✅ Verdict: FP Markets provides flexible trading platforms for all traders.
Offers, Bonuses & Promotions
FP Markets does not currently offer deposit bonuses for regulated clients under ASIC & CySEC due to regulatory restrictions. However, traders under FSA (St. Vincent & the Grenadines) may find occasional promotions or rebates.
Available Offers & Promotions
✔ Cashback Rebates: For high-volume traders
✔ Loyalty Reward Programs: For frequent traders
✔ Referral Bonus: Rewards for referring new traders
FP Markets focuses on low spreads & fast execution instead of gimmicky bonuses.
Demo & Real Trading Contests
FP Markets frequently hosts demo and real trading contests, allowing traders to win cash prizes and trading bonuses.
- Demo Contest: Available for beginners to test strategies risk-free.
- Live Trading Contest: Available occasionally with real-money rewards.
✅ Verdict: Check FP Markets’ official promotions section for active contests.
Trading Fees & Costs
FP Markets is one of the lowest-cost brokers in the industry.
| Fee Type | Raw ECN Account | Standard STP Account |
|---|---|---|
| Spread | From 0.0 pips | From 1.0 pips |
| Commission | $3 per lot | No commission |
| Swap Fees | Yes (varies by asset) | Yes (varies by asset) |
There are no hidden fees, and Islamic accounts (swap-free) are available.
✅ Verdict: FP Markets offers some of the lowest trading fees globally.
Customer Support
- Live Chat: 24/5 support
- Email: support@fpmarkets.com
- Phone Support: Available
- Educational Resources: Webinars, trading guides, FAQs
FP Markets provides responsive customer service for traders worldwide.
Pros & Cons of FP Markets
✅ Pros:
✔ Regulated by ASIC, CySEC, FSCA
✔ Low spreads & ECN pricing
✔ Fast execution speeds
✔ TradingView, MT4, MT5, WebTrader, and Mobile App
✔ Multiple deposit/withdrawal options
❌ Cons:
❌ No fixed spread accounts
❌ Limited bonus offers
Final Verdict – Is FP Markets a Good Broker?
FP Markets is a top-rated ECN/STP broker, offering low-cost trading, advanced platforms, and strong regulation. The broker’s tight spreads, fast execution, and professional trading environment make it ideal for scalpers, day traders, and professional traders.
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