Updated October 23, 2026

FP Markets review covers First Prudential Markets, an Australian forex and CFD broker trading since 2005. This page sets out the account terms, the platforms, the funding rules and the regulation as the broker publishes them. Updated September 2026.

FP Markets review 2026

FP Markets at a glance

• Founded: 2005 in Australia

• Minimum deposit: 100 dollars

• Leverage: up to 1:500

• Raw spreads: from 0.0 pips

• Platforms: MetaTrader 4, MetaTrader 5, IRESS, cTrader

• Regulators: ASIC, CySEC, FSC, FSCA, FSA, MISA

• EU investor protection: up to 20,000 euro per person

• Account currencies: multiple

• Features: hedging, scalping, negative balance protection, segregated accounts, no trading restrictions

• Site evaluation score: 8

Is FP Markets worth using in 2026

FP Markets earns its reputation on regulatory breadth and a flexible account structure. Six authorities supervise the group, accounts come in multiple currencies, and there are no restrictions on trading style, which means hedging and scalping are both permitted. Raw spreads start at 0.0 pips, and copy trading plus MAM and PAMM accounts are available for those managing money or following others.

Pros and Cons of FP Markets

The limitations are worth stating plainly. Investor protection of up to 20,000 euro applies only to clients under EU regulators, so traders elsewhere have segregation but no compensation scheme. There is no Cent account for very small position sizes, no welcome bonus, and the Standard account spreads are not competitive, the tight pricing lives on the raw accounts.

Consider FP Markets if

• You want trading accounts in multiple currencies

• You want a top-tier licensed broker

• You want negative balance protection on a retail account

• You want a transparent structure that lets you choose your platform and pricing model

• You do not want restrictions on hedging or scalping

Look elsewhere if

• You want a Cent account

• You trade for welcome bonuses

• You want tight spreads on the Standard account

Regulation and security

The group holds licences from the Financial Services Authority in Seychelles, the Cyprus Securities and Exchange Commission and ASIC in Australia among others. Client funds are segregated from operational funds, so company money and client money never mix. Two-factor authentication protects account logins, and the broker runs regular security audits. Registered offices are published in Seychelles, Cyprus and Sydney, which is a transparency point in a market where many brokers do not state an address at all.

What experts say

Independent reviewers consistently note the same strengths: the asset range extends to bonds and cryptocurrencies, ASIC and CySEC regulation gives credibility, and the instrument count runs into the thousands. The recurring criticism matches the one above, that loss compensation reaches only EU clients.

Opening and verifying an account

Registration takes name, email and phone number, then you submit documents for regulatory verification. Proof of identity is a passport, driving licence or national ID. Proof of residence is a utility bill or bank statement. Documents upload online, and the account activates after review. The process is straightforward, and the account is not fully usable until verification completes, so start it before you plan to trade.

Deposits and withdrawals

Funding works through credit and debit cards, bank transfers, online banking, e-wallets and cryptocurrencies. FP Markets charges no deposit fee, though third-party charges may apply, and it covers internal bank fees on international deposits. Deposit in your account base currency where possible to avoid conversion costs.

Regulation and Security

Verified Office Address of FP Markets

Withdrawals follow the same routes but the fee rules differ: charges apply except on card withdrawals, bank wire transfers and crypto payments. Bank wire withdrawals require document verification. Processing time depends on the method you choose.

Platforms and tools

Four platforms are available: MetaTrader 4 and 5, IRESS and cTrader. IRESS is the notable one, since it gives direct market access to share CFDs rather than the standard broker pricing. The tool set includes a calculator suite covering pips, margin, swaps, profit and currency conversion, a low-latency VPS for automated strategies, pattern recognition, trading signals, an economic calendar and market analysis articles.

Copy trading and managed accounts

Two routes beyond trading your own account: copy trading, which mirrors another trader's positions, and MAM or PAMM accounts for managing multiple accounts under one strategy. Both carry the same risk as manual trading, since you are still exposed to the market through someone else's decisions.

Who FP Markets suits

• Traders who want raw spreads and a choice of four platforms on one broker

• Scalpers and hedgers, since neither style is restricted

• EU residents, who get the 20,000 euro protection layer

• Less suitable if you need a Cent account or trade only on the Standard account

FP Markets fits a trader who wants platform choice and raw pricing under solid regulation, and who deposits at least 100 dollars. Compare the terms with other options in our broker hub, and IC Markets review covers a close competitor on spreads and cTrader access.

FP Markets review: frequently asked questions

What is the minimum deposit at FP Markets?

100 dollars, the same across account types.

Experts’ Opinions on FP Markets

Experts’ Opinions on FP Markets

Experts’ Opinions on FP Markets

Which platforms does FP Markets support?

MetaTrader 4, MetaTrader 5, IRESS and cTrader. IRESS gives direct market access on share CFDs.

Dashboard of FP Markets

Sign-Up and Verification Process

Is FP Markets regulated?

Yes, by ASIC, CySEC, FSC, FSCA, FSA and MISA. Which regulator covers you depends on the entity you register with.

Is there investor compensation?

Up to 20,000 euro per person, but only for clients under EU regulators. Clients elsewhere have segregated funds without a compensation scheme.

Are there withdrawal fees?

Fees apply except on card withdrawals, bank wire transfers and crypto payments. Bank wire withdrawals require document verification.

Can I scalp or hedge at FP Markets?

Yes. The broker states no trading restrictions, and both hedging and scalping are permitted, with negative balance protection on retail accounts.

Affiliate Program of FP Markets

MAM/PAMM Accounts

Investing opportunities with FP Markets

Valuable Tools for Traders by FP Markets

How to Start Trading with FP Markets

Trading Terms and Conditions

Withdrawal

Deposit