FP Markets Review (2026)
Low-cost ASIC/CySEC broker with deep share access via IRESS.
Licences: ASIC, CySEC, FSCA — the exact entity (and protection) depends on your country. See licence evidence ↓
The 60-second verdict
FP Markets scores 86/100 on our method — best suited to low fees, share cfds, advanced tools traders, and a weaker fit if you want absolute beginners.
Best for
- Low fees
- Share CFDs
- Advanced tools
Not best for
- Absolute beginners
- US residents
Score breakdown
Affiliate commission is weighted 0% and never affects this score.
Regulation & legal entities
| Regulators | ASIC — Australia, licence 286354 (Tier 1)Verified on registerchecked 2026-09-15 CySEC — Cyprus, licence 371/18 (Tier 2)Verified on registerchecked 2026-06-19 FSCA — South Africa, licence FSP 50926 (Tier 2)Pending — verifychecked 2026-06-19 |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | Yes |
| Compensation scheme | ICF up to €20,000 (EU clients) |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | Yes, for retail clients where required/applicable by region |
Source: our licence-evidence log — status shown per licenceConfirm licence numbers on the official register before depositing.
Is FP Markets regulated? Full register check, entity by entity →
- 2014-12-19 · ASIC (Australia): ASIC accepted an enforceable undertaking from First Prudential Markets over concerns that its 2013 compliance processes for detecting and dealing with potentially manipulative client trading in its DMA CFD business may not have been adequate. The undertaking required an independent compliance expert review and remediation of any deficiencies. official source
Neutral, sourced notes only — not an accusation. We show documented regulatory history where we have an official source.
Which FP Markets entity would onboard you?
The brand is not the counterparty — the legal entity on your client agreement sets your regulator, protections and terms. These are the entities we track for this broker.
| Legal entity | Regulator | Typically onboards | Protection notes |
|---|---|---|---|
| FP Markets Limited Kenya | CMA (Kenya) (Tier 2) | KE | No compensation scheme identified |
| First Prudential Markets Ltd Cyprus (EU/EEA) | CySEC (Tier 2) | IE, DE, FR, ES, IT, NL, BE, AT, PT, PL, SE, DK, FI, GR, CZ, HU, RO, BG, HR, SK, SI, EE, LV, LT, LU, MT, CY, IS, LI, NO | ICF — up to €20,000 if the firm fails (not for trading losses) |
| First Prudential Markets Pty Ltd Australia | ASIC (Tier 1) | AU | No retail investor compensation scheme in Australia. |
| FP Markets (Pty) Ltd South Africa | FSCA (Tier 2) | ZA | No compensation scheme identified |
See which entity likely applies to your country with the entity checker — and always confirm the entity named on your client agreement at signup.
Fees & spreads
| Typical spreadSpreadThe gap between the buy (ask) and sell (bid) price. It's a core trading cost — tighter spreads are cheaper for you. (EUR/USD) | from 0 pips |
| CommissionCommissionA flat per-trade fee, common on raw/ECN accounts that show tighter spreads. Always compare spread + commission together as the all-in cost. | $6 per lot |
| Minimum deposit | $100 |
| Inactivity fee | None |
| All-in cost index | $···· (1/5) |
Figures are typical published values, not live quotes. Costs and charges may vary depending on the jurisdiction, account type and entity that holds your account.
Our full read
FP Markets has been around since 2005, and its pitch is straightforward: tight pricing plus genuinely deep market access. The Raw account offers spreads from 0.0 pips with a commission around $6 per round-turn lot, which puts it among the more cost-competitive options for active forex and CFD traders.
The IRESS advantage (and catch)
What sets FP Markets apart from the typical MT4/MT5 shop is IRESS — a professional share-trading platform giving access to thousands of equities. If share CFDs are part of your strategy, that breadth is hard to match. The catch: IRESS sits on a separate fee structure and has a steeper learning curve than MetaTrader, so it's overkill if you only trade a handful of FX pairs.
Platforms
For everything else you get MT4, MT5 and cTrader, so EAs, custom indicators and depth-of-market are all covered. The mobile apps are functional rather than flashy.
Regulation
FP Markets is regulated by ASIC in Australia and CySEC in Europe, with FSCA cover in South Africa, and segregates client funds. As with most global brokers, international clients are often onboarded through an offshore entity — check which entity your account sits under, because the investor protections differ.
Who it suits
A strong fit for cost-conscious, more experienced traders, and especially anyone who wants real breadth in shares alongside FX. Newer traders can start on the standard MT5 account and a demo before touching IRESS. These are leveraged products — most retail accounts lose money — so size positions accordingly.
Pros
- Very competitive raw spreads with ~$6 round-turn commission
- Huge share-CFD range via the IRESS platform
- ASIC + CySEC regulated with segregated funds
Cons
- IRESS platform carries extra fees and a learning curve
- International entity uses offshore (St. Vincent) registration
Products shown are offered as CFDs unless otherwise stated. Crypto CFDs do not provide ownership of the underlying cryptoasset. Product availability varies by region.
Complaints & track record
Long-established, well-reviewed for cost and execution. International clients are onboarded via an offshore entity — check which entity applies to you.
FP Markets — common questions
Is FP Markets regulated?
FP Markets is regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa). Client funds are held in segregated accounts, with ICF up to €20,000 (EU clients). The applicable licence and investor-protection scheme depend on the legal entity that onboards you, which varies by country — confirm the specific licence on the regulator's official register before depositing.
What is the minimum deposit at FP Markets?
FP Markets minimum deposit is $100. Deposit methods include Card, Bank transfer, Skrill, Neteller, PayPal, Crypto. Available payment methods may vary depending on your jurisdiction, and depending on the payment method, third-party or bank charges may apply.
How long do withdrawals take at FP Markets?
Typical withdrawal time is Within 1 day. Actual speed depends on your payment method and identity verification.
Is FP Markets good for beginners?
FP Markets is better suited to traders with some experience (beginner score 76/100). Beginners may prefer a simpler, lower-risk platform.
How does Clarytrade make money from this review?
If you open an account through our link, FP Markets pays us a commission at no extra cost to you. It does not affect our score — commission is weighted 0% in our method.
This is a research-based review. We use published broker information, regulatory registers, pricing disclosures and platform documentation, scored against our published 8-criteria method— we don't claim live account testing unless stated. Figures are indicative; verify current terms with FP Markets before depositing. We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
