FP Markets review 2026

Yes, FP Markets holds real licences, and that is the first thing to check for any broker. A licence means a government body can inspect the company and can punish it if it breaks the rules. It does not mean you cannot lose money. Trading CFDs is risky, and a licence does not protect you from losses on your trades.

FP Markets shows four licences on its regulation page. Each one belongs to a different company in the group. This matters because you sign a contract with one specific company, not with "FP Markets" in general. The rules that protect you depend on that company and on its regulator.

ASIC licence (First Prudential Markets Pty Ltd)

ASIC is the Australian Securities and Investments Commission. FP Markets lists First Prudential Markets Pty Ltd with AFSL number 286354. AFSL means Australian Financial Services Licence. ASIC is one of the better-known regulators in the world, and its rules are usually strict for clients inside Australia.

Be careful here. Brokers often offer different terms to clients in different countries. The maximum leverage of 1:500 on the FP Markets page applies to the non-EU and non-AU entity, so it does not apply to Australian clients. If you live outside Australia, you will most likely not be signed up with this entity. Ask support in writing which company will hold your account.

You can check the licence yourself on the ASIC register at connectonline.asic.gov.au. Search for the number 286354 and make sure the company name matches.

CySEC licence (First Prudential Markets Ltd)

CySEC is the Cyprus Securities and Exchange Commission. FP Markets states that First Prudential Markets Ltd is authorised and regulated by CySEC under licence 371/18. CySEC is an EU regulator, so this company serves clients in the European Economic Area under EU rules.

EU rules limit leverage for retail clients and require risk warnings. If you are not in the EU, you will normally not trade under this licence. Still, it is useful to see it, because it shows that the group has passed checks in an EU country.

You can look up licence 371/18 on the CySEC register of investment firms. The register link is on the FP Markets regulation page.

FSCA licence (South African entity)

The FSCA is the Financial Sector Conduct Authority in South Africa. FP Markets states that it is regulated by the FSCA with FSP number 50926. FSP means Financial Services Provider. The company name for this entity was not confirmed in our facts, so we do not name it here.

This licence is useful for traders in South Africa, and it is a good sign for the wider group as well. Check the number 50926 on the FSCA search page for financial service providers, and write down the exact company name you see there. If you are in South Africa, ask FP Markets whether your account will be opened under this entity.

FSA Seychelles licence (Seychelles entity)

The FSA is the Financial Services Authority of Seychelles. FP Markets states that its Seychelles company is authorised and regulated with licence number SD130. The company name was not confirmed in our facts.

Many brokers use a Seychelles company for clients outside the big regulated markets. These clients usually get higher leverage, but they also get fewer legal protections than clients in the EU or Australia. This is a normal trade-off in the industry, and you should know it before you pick an entity. If you live in Africa, Asia or Latin America, there is a good chance your account would sit with an entity like this one. Ask which entity will serve you, and check what protections it gives, such as segregated client money.

How to check any licence in five minutes

Do not trust a logo on a website. Follow these steps:

1. Open the regulator's own register, not a link in an email or a chat message.
2. Search for the licence number, then check the company name matches the one in your account agreement.
3. Check that the status is active and that the website address matches.
4. Read your client agreement and find the name of the company you are signing with.
5. Ask support in writing which entity will hold your account, and keep the reply.

If any of these steps fails, stop and do not deposit.

A broker earns money in two main ways: the spread and the commission. Knowing both helps you compare brokers fairly.

The spread is the small gap between the buy price and the sell price. If the buy price of EUR/USD is one pip higher than the sell price, the spread is one pip. A pip is the fourth decimal place of most currency pairs. You pay the spread every time you open a trade, so a smaller spread is better for you.

The commission is a fixed fee per trade. A lot is the standard trade size. FP Markets charges US$3 per lot per side on its Raw account on MT4 and MT5. "Per side" means you pay it once when you open and once when you close. So a round trip costs two sides of commission.

What does FP Markets publish?

• Spreads from 0.0 pips on the Raw account. This is a starting point, not a promise. Real spreads move with the market, and they widen around big news.
• A commission of US$3 per lot per side on Raw, on MT4 and MT5.
• The Standard account has no commission in the facts we confirmed. We did not confirm its spread, so check the live figure on the account page.

Here is how to think about cost. On a Raw account, your cost per trade is the spread plus the commission. On a Standard account, the cost is mostly inside the spread. A broker with a 0.0 spread but a commission is not automatically cheaper than a broker with a wider spread and no commission. You must add the two together.

A simple way to compare is to open a demo account and watch the live spread on the pair you trade most. Write down the spread at a quiet time and again at a busy time, such as a major news release. Then add the commission and compare the total with another broker.

Other costs to know about:

• Swap (overnight financing). If you hold a trade past the daily rollover, you pay or receive a swap fee. It depends on the market and the direction of your trade. FP Markets does not state swap rates in the facts we confirmed, so look at the contract specifications for each market.
• Conversion fees. If your account currency is different from the currency you deposit in, your bank or payment provider may add a conversion cost.
• Payment fees. Some payment providers charge their own fees. We could not confirm FP Markets withdrawal fees. Ask support before you withdraw.

Do not choose a broker only because of the lowest advertised spread. Slippage (when your order fills at a worse price than you clicked) and widening spreads in fast markets can cost more than a small difference in commission.

FP Markets offers two main forex account types in the facts we confirmed: Standard and Raw.

The Standard account is the simple option. Costs are built into the spread, and you do not pay a separate commission. It is the one most beginners choose, because the cost is easy to see: you pay the spread and nothing else.

The Raw account is built for traders who place many trades. Spreads start from 0.0 pips, and you pay US$3 per lot per side on MT4 and MT5. This is often called an ECN-style account. ECN means Electronic Communication Network. In simple words, it passes your order to a pool of liquidity providers, and you see tighter spreads but pay a visible commission.

Which should you choose?

• If you trade rarely or trade small, Standard is easier to understand.
• If you trade often, scalp for a few pips, or run an automated strategy, Raw can work out cheaper after commission, but only if the spread really stays tight when you trade.
• If you are not sure, open a demo account first and test both.

What we could not confirm: the exact minimum deposit for each account, the live average spreads on Standard, and whether each account type is open in every country. A broker's offer can change by country, so open the page for your own country on the FP Markets site and read it there. One of our sources is the Pakistan page of the broker, which shows that account pages can be country-specific.

Also check these points before you pick an account:

• Is the account currency available in the currency you plan to deposit?
• Which platforms work with each account type? The US$3 commission is stated for MT4 and MT5, so the cTrader commission may differ.
• Are there limits on trade size or on the number of open positions?

We could not confirm a minimum deposit for FP Markets. That is a gap in what the broker publishes, not something we can guess. We will not invent a figure.

Here is what to do:

1. Open the FP Markets account types page for your country.
2. Look for the line "minimum deposit" next to each account.
3. Take a screenshot with the date, in case the page changes later.
4. Ask support in writing if the page is unclear, and keep the reply.

The minimum deposit is only one part of the story. Think about three numbers:

• The amount the broker asks for to open the account.
• The amount you can afford to lose. Never use money you need for rent, food or school fees.
• The amount you need to trade safely. A very small account forces you to use high leverage to place even a tiny trade, and that is how many beginners blow their accounts.

A good habit is to start with a small amount, make a few small trades, and then withdraw a little to test the process. If everything works, add more later. If something is slow or unclear, you lose very little.

Also remember that payment methods may have their own minimums. A bank wire can have a higher minimum than a card or a crypto transfer. Check the minimum for the exact method you want to use.

FP Markets lists these deposit methods in the facts we confirmed:

• Credit cards
• Neteller
• Skrill
• Cryptocurrencies
• Bank wire
• Broker-to-broker transfer

This is a good mix. E-wallets such as Skrill and Neteller are popular in many countries where bank transfers are slow. Crypto can be useful for traders who have trouble with cards. Bank wire is usually the slowest but works for larger amounts.

Which methods you can see depends on your country and on the entity that holds your account. Log in to the client area, or open the funding page, and look at the methods for your own country.

For withdrawals, FP Markets states one rule in its FAQ: money goes back by the same method you used to deposit first, and cards come first. After that, other methods can be used. This is a common anti-money-laundering rule. It means you cannot deposit by card and then ask for the profit to go to a crypto wallet straight away.

What this means for you in practice:

• Use a method that you can use again for withdrawal. Do not pick a method just because it is fast to deposit.
• Use an account in your own name. Brokers refuse to send money to third-party accounts.
• Keep your deposit receipts. If you deposit by card, the broker may first send your original deposit back to the card, and only the profit can go elsewhere.
• Do not share your card details in a chat or an email. Use the secure payment page only.

We could not confirm the fees or the minimum withdrawal amount. Ask support, and keep the answer.

We could not confirm a withdrawal time for FP Markets. The broker does not state one in the facts we gathered, and we have no verified test data yet. So we will not give you a number.

What we can tell you is how a withdrawal normally works at brokers like this one:

1. You ask for a withdrawal in the client area.
2. The broker checks the request. If it is your first withdrawal, it may check your identity documents again.
3. The broker approves the request and sends the money to your chosen method.
4. The payment provider or bank processes the transfer. This part is outside the broker's control.

The broker's own approval time and the payment provider's time are two separate things. A card or bank transfer can take longer than an e-wallet or crypto. Weekends and public holidays can also slow things down.

Tips for a smooth withdrawal:

• Finish your identity check (KYC, or Know Your Customer) before you deposit. Upload your ID and proof of address early.
• Withdraw to the same method you used to deposit, as the FP Markets FAQ requires.
• Do not have open trades that could trigger a margin call at the same time. The broker may delay a withdrawal if it leaves your account too thin.
• Make a small test withdrawal in the first week, and write down the date and time you asked and the date and time the money arrived.

If a withdrawal is delayed for many days with no clear reason, write to support, and keep every message. If you are not satisfied, you can complain to the regulator of the entity that holds your account.

FP Markets offers a wide set of platforms in the facts we confirmed: MT4, MT5, cTrader, TradingView and WebTrader.

• MT4 (MetaTrader 4) is the classic forex platform. It is simple, it has thousands of free indicators, and it supports automated trading robots called Expert Advisors. It is a good choice for beginners and for those who use robots.
• MT5 (MetaTrader 5) is the newer version. It has more timeframes, more order types and a built-in economic calendar. It can also trade more kinds of markets.
• cTrader is known for a clean design and fast order handling. Traders who like a modern look often prefer it.
• TradingView is a charting website with a large community. Having it linked to a broker lets you trade from its charts.
• WebTrader runs in a browser. You do not need to install anything, so it is useful on a borrowed computer.

Pick one platform and learn it well. Do not switch every week. Start on a demo account, place a few trades, set a stop loss, and learn how to close a trade before you use real money.

Some points to check:

• Which platform is available on which account? The US$3 commission is stated for MT4 and MT5.
• Is there a mobile app for your phone? Many traders in Africa, Asia and Latin America trade mostly from a phone.
• Does the platform work well on your internet speed? Test during busy hours.

Leverage lets you control a larger position with a smaller amount of money. For example, 1:500 means that for each dollar in your account you can open a position worth up to 500 dollars. FP Markets lists a maximum leverage of 1:500 on MT4, MT5 and cTrader for its non-EU and non-AU entity.

That sounds exciting, but leverage works in both directions. It makes your gains bigger and your losses bigger. A small move against you can wipe out your account very fast.

Important words to know:

• Margin is the money the broker holds as a deposit to keep your trade open.
• A margin call is a warning that your account is getting low.
• Stop-out is when the broker closes your trades automatically because your account is too low. We did not confirm FP Markets stop-out level, so check it on the contract page.
• A stop loss is an order that closes your trade at a price you choose, so a loss stays limited.

Rules that protect many traders:

• Risk a small part of your account on each trade. Many experienced traders risk about one or two percent.
• Always use a stop loss.
• Do not use the maximum leverage. You can have 1:500 available and still choose to trade much smaller.
• Do not trade with borrowed money.
• Do not add to a losing trade hoping it will come back.

Clients under EU and Australian entities get lower leverage limits. The figure of 1:500 applies to the entity named on the page, and you need to ask which entity will serve you.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly because of leverage. FP Markets does not publish a share of retail accounts that lose money in the facts we confirmed. Many regulated brokers publish this figure on their risk warning page, so look at the FP Markets legal pages for the figure of the entity you will use.

FP Markets can suit:

• Traders who want a Raw account with spreads from 0.0 pips and a clear commission.
• Traders who want cTrader or TradingView, not only MetaTrader.
• Traders who like to use more than one funding method, including crypto and e-wallets.
• Traders in South Africa, who can look for the FSCA licence, FSP 50926.
• Traders who want a group with several regulators on its list.

FP Markets may not suit:

• Complete beginners who want a published low minimum deposit. We could not confirm one.
• Traders who need clear, published withdrawal times before they sign up.
• Traders who want a very high bonus or a "free money" offer. We do not rate brokers on bonuses, and you should be careful with them.
• Anyone who cannot accept that CFDs are risky.

If you are a beginner, the safest way to begin is to open a demo account, practise for a few weeks, and then open a live account with a small amount you can afford to lose.

The steps below are the usual steps for a broker like this. Details can differ by country, so follow the pages on the broker's site.

1. Open the FP Markets website at www.fpmarkets.com and choose your country. Read the legal pages for your region.
2. Ask support in writing which company will hold your account and which regulator supervises it.
3. Click to open a live account. Fill in your name, email and phone number. Use the same details as on your ID.
4. Choose an account type: Standard or Raw. Choose your platform and account currency.
5. Upload your ID and a proof of address, such as a utility bill. Do this early, because verification can take time.
6. Read the client agreement and the risk warning. Save a copy.
7. Make a small first deposit with a method you can also use to withdraw.
8. Place a small test trade on a market you understand, with a stop loss.
9. Make a small test withdrawal and note how long it takes.

Never share your password, and turn on two-factor authentication if it is offered. Treat anyone who asks for your login details as a scammer, even if they say they work for the broker.

Before you deposit, read these points. They are the things that surprise traders later.

• Entity differences. The terms on the FP Markets site depend on your country. The 1:500 leverage line is for the non-EU and non-AU entity. Always check which entity you are signing with.
• Withdrawal rule. Money goes back to the same method first, and cards come first. Plan for this before you deposit.
• Fees we could not confirm. These include withdrawal fees, inactivity fees and conversion fees. Ask support and read the fee page.
• Swap rates. These depend on the market. Check the contract details for each market, especially if you hold trades overnight.
• Stop-out and margin levels. Not confirmed in our facts. Find them in the account terms.
• Negative balance protection. We did not confirm whether it applies to your entity. This protection means you cannot lose more than your deposit. Ask in writing.
• Client money. Ask whether client funds are kept in separate bank accounts from the company's own money.
• Bonuses and promotions. If you are offered any, read the terms. Some bonuses lock your money until you trade a certain volume.

We checked the facts in this review on 15 October 2026 from the broker's own site, and the sources are listed on the FP Markets pages we used: the home page, the account types page, the FAQ, the funding page and the regulation page. Brokers change their offers often, so check the live page before you act.

How we write these reviews: we use only facts that appear on the broker's own site or on a regulator register. When a fact is missing, we say so. We do not accept money to change a verdict.

Affiliate disclosure: The Forex Bridge may earn a payment if you open an account through our links. This does not change the facts we publish or our verdict. We do not show affiliate links to visitors in India.

FP Markets earns a place on a short list for traders who want a regulated broker with raw pricing and many platforms. The licences from ASIC (AFSL 286354), CySEC (371/18), FSCA (FSP 50926) and the FSA Seychelles (SD130) give you real registers to check. The Raw account from 0.0 pips with US$3 per lot per side is clear and easy to compare. MT4, MT5, cTrader, TradingView and WebTrader give you freedom to choose.

The weak points are the missing facts. We could not confirm a minimum deposit, withdrawal times or withdrawal fees. For a new trader, those gaps matter, so ask support before you fund the account.

Our advice in four lines:

1. Check the licence on the regulator's register and ask which entity you will join.
2. Open a demo account and watch the live spread on your market.
3. Deposit a small amount you can afford to lose, and make one test withdrawal.
4. Keep your leverage low even though 1:500 is possible.

CFDs are complex instruments and carry a high risk of losing money. Only trade with money you can afford to lose.