Key Takeaways

  • Over 10,000 shares from global exchanges.
  • Direct Market Access pricing on the IRESS platform.
  • Tight spreads and fast execution.
  • Accepts funding in several cryptocurrencies.

FP Markets Overall rating

4.5
Overall rating is an average of ratings from experts in 4 categories.
Pricing
4.5
Regulation
5.0
Popularity
4.0
User rating
Source: fxverify.com

We begin our FP Markets review by highlighting some of this CFDs broker’s features. Notoriously, the broker offers DMA access to over 10,000 shares from global exchanges, including the NYSE, ASX, NASDAQ and LSE. Investors looking to trade this type of financial instrument can take advantage of FP Markets’ minimal fees and commissions as low as 0.08%.

The Direct Market Access (DMA) pricing model provides traders access to transparent and precise execution, and, additionally to genuine market data, the DMA model ensures investors receive live market prices, full market depth and direct access to the exchange order book (via FP Markets IRESS DMA* platform).

*Please note that the FP Markets IRESS DMA accounts are only available with First Prudential Markets Pty Ltd, Australia’s ASIC regulated entity.

Also positively, FP Markets is a pioneering broker with regards to the crypto ecosystem. Traders can go long and short on the top 5 most traded cryptocurrencies, Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, with very competitive spreads. For example, for the BTC/USD pair the broker declares a minimum spread of 2.02 with an average spread of 7.66, with zero trading commissions! Quite competitive, in our opinion.

And on top of that, FP Markets also accepts funding with BTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XLM, BCH and USDT – subject to the contracting entity jurisdiction.

On the downside, the FP Markets Standard account is signalled as slightly uncompetitive, with higher average spreads, and slippage – both positive and negative – that occurs frequently, especially during increased market volatility.

FP Markets Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Max. Leverage Retail Clients
First Prudential Markets PTY Ltd 30 : 1
First Prudential Markets Ltd up to €20,000 30 : 1
FP Markets LLC 500 : 1


FP Markets provides online CFDs trading brokerage services and investors can open a live trading account with any of its two highly-regulated entities, one in Europe and one in compliance with Australia’s ASIC regulations, and one licensed by St. Vincent & The Grenadines Financial Services Authority (SVG FSA), directed at the international clientele.

International regulation: The FP Markets LLC entity will be the counterparty for the international clientele. This entity is registered in Saint Vincent & the Grenadines as a Limited Liability Company and licensed by the nation island Financial Services Authority (FSA) under licence number 126LLC2019. FP Markets international website is www.fpmarkets.com/int.

European regulation: First Prudential Markets Ltd, with address at Aigeo Court 2nd floor, 109 Griva Digeni, 3101, Limassol is a financial services company registered as a Cypriot Investment Firm (CIF) under number 372179. First Prudential Markets Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 371/18. The CySEC licence allows First Prudential Markets Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules. FP Markets European website is www.fpmarkets.eu.

Australian regulation: First Prudential Markets Pty Ltd, with ACN 112 600 281, and trading as FP Markets, is licensed by the Australian Securities & Investments Commission (ASIC). First Prudential Markets Pty Ltd, with a registered address at Exchange, House Level 5/10 Bridge St, Sydney NSW 2000, Australia, is regulated by the ASIC with licence AFSL 286354. to offer financial services in Australia, limited to the financial services covered by its AFSL licence. FP Markets Australia website is www.fpmarkets.com

Client Money Protection

FP Markets complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in top-tier international banks, in segregated accounts.

FP Markets also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. FP Markets holds the client's money separately from the company funds and does not use these funds for any company operational expenses or purposes.

Deposit Compensation

First Prudential Markets Ltd is a member of the Cyprus CySEC Investor Compensation Fund (ICF). The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If First Prudential Markets Ltd is unable to meet its obligations, retail clients might be entitled to compensation to the value of up €20,000 per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).

Negative Balance Protection

For accounts opened with the FP Markets LLC entity, there is no negative balance protection to prevent clients from keeping their accounts balance below zero. This means that in case of extreme market volatility, and even with a stop loss in place, a losing trading position can cause the account balance to become negative.

For retail accounts opened with First Prudential Markets Ltd and First Prudential Markets Pty Ltd, there is a default NBP in place, in compliance with 2018 ESMA and 2021 ASIC's new CFD trading regulations, and protecting traders from losses bigger than the original deposit, in case of extreme market volatility.

Corporate Governance

FP Markets offers its clients regular account statements. The broker's financial accounts are audited by external audit firms, to ensure constant compliance with regulations across operations.

FP Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Raw
Forex0.30 Pips25.00% Of Commissions Paid
Metals0.30 Pips25.00% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Commission reduction
By opening your account through us you'll trade on lower commissions!
  Standard
Forex 0.30 Pips
Metals 0.30 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
  Raw
Forex 25.00% Of Commissions Paid
Metals 25.00% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
Commission reduction
By opening your account through us you'll trade on lower commissions!

Notes

25.00% Of Commissions Paid are based on account currency: $1.75 AUD, CAD, SGD, $1.50 USD, €1.375 EUR, £1.125 GBP, $10 HKD, ¥125 JPY

Rebate is converted to USD upon trade close.

Rebates are not paid for accounts registered with: CySEC entity.

For new ASIC regulated accounts, only Professional clients are eligible for rebates.

FP Markets does not accept applications from U.S, Japan, Belgium or New Zealand residents.


 

What are FP Markets rebates?

FP Markets rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do FP Markets rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much FP Markets rebates can I earn?

Use our forex rebate calculator to estimate your FP Markets rebate earnings:

You must enter a valid number

Are FP Markets rebates a scam; do my spreads increase?

FP Markets rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for FP Markets rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

FP Markets Profile

Company Name First Prudential Markets Pty Ltd / First Prudential Markets LLC
Year Founded 2005
Headquarters Australia
Office Locations Australia
Account Currency AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD
Support Languages Arabic, English, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Vietnamese
Funding Methods Bank Wire, Broker to Broker, FasaPay, Neteller, Paypal, POLi, Skrill (Moneybookers)
Financial Instruments Forex, Metals
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

First Prudential Markets Pty Ltd is an Australian-regulated CFDs broker offering investors online trading on a full suite of financial instruments; forex, shares, indices, metals, commodities and cryptocurrencies. Investors can trade the price of over 10,000 assets, through a selection of industry-leading platforms, including the classic MT4, the next-generation MT5, and FP Markets IRESS, with DMA access to several global exchanges.

Established in 2005, First Prudential Markets Pty Ltd, through its FP Markets brand, offers a combination of pricing, execution speed, robust trading platforms, a great product range, dedicated customer support and accurate market analysis, all key ingredients that give clients the confidence to trade.

FP Markets is a trusted global CFD and forex broker with a vision to create the ultimate forex trading destination, where traders can access and trade global markets with competitive trading costs and great order execution.

FP Markets multi-language customer support service is available 24 hours, 5 days a week, in 15 languages. FP Markets customer services can be contacted via local phone numbers (subject to jurisdictions), call back, email and through the live chat widget present on the broker’s website.

FP Markets is also a very popular CFDs broker with traders for the good execution speeds available on all trading platforms. Trading with FP Markets can be done via the IRESS platform for DMA access to stock exchanges, the Metatrader 4 and Metatrader 5, with both platforms available for Windows, macOS, iOS and Android.

It is also possible to trade with FP Markets, instantly, via the Web Trader, a browser-based platform that requires no installation and replicates the same UI of the MetaTrader platforms, and recently the broker announced the launch of its proprietary Mobile App, for trading on the go, available for Android and iOS mobile devices.

FP Markets Asset classes

As mentioned before, one of the strongest features of this CFDs broker. FP Markets offers an excellent range of 10,000+ assets available for trading, including forex, indices, shares CFDs, commodities – both energies and metals, and cryptocurrencies.

FX market: 61 currency pairs, including all major pairs, some minor and exotic crosses.

Indices: 12 world indices CFDs, including the UK 100, CAC 40, and NIKKEI 225.

Shares: 10,000+ shares CFDs for trading with IRESS (only 1,000 with MT5), from most global exchanges (from the ASX to the SGX), of top companies and banks such as Abacus Property Grp, Apple Inc, Alcoa Corporation, Bank of America Corporation, Aston Martin, Tesla and Fuji Offset.

Commodities: 7 commodities CFDs available for trading; 4 metals – including Gold and Silver versus the USD, and 3 energies – including UK Oil and US Oil.

Cryptocurrencies: 5 cryptocurrencies CFDs crosses available for trading, including Bitcoin, Ripple and Ethereum.

FP Markets Account types

  Standard Raw
CommissionNoneUSD $3.00 Per Side Per Lot
Maximum leverage500:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading PlatformMT4, MT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit100
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard
Maximum leverage 500:1
Typical Spread 1.19
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw
Commission USD $3.00 Per Side Per Lot
Maximum leverage 500:1
Typical Spread 0.09
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FP Markets simplifies its offering with only two types of trading accounts, the Standard account and the Raw account, with different pricing. The entry-level account, for retail clients, is the Standard account, offered by the FP Markets LLC entity, and also by Cyprus and Australia’s regulated entities.

FP Markets also offers a Pro account with the entity in Europe and a Pro account for residents in Australia, for customers classified as “Professional”, with higher leverage ratios and a personal account manager.

The FP Markets Standard account is available with all of the Group entities and is recommended for the investors looking to trade only with the bid and ask prices, without any added commissions.

The FP Markets Raw account – also offered by all of the Group entities – is a more aggressively priced account, especially when trading forex pairs, with tighter spreads, from as low as 0.0 pip, but with a slightly below industry average trading commission of 3 USD per side per 1 lot traded.

The FP Markets IRESS account (only available with First Prudential Markets Pty Ltd in Australia) is the broker's account for shares CFDs trading. The IRESS is divided into three accounts, Standard, with a minimum balance of AU$ 1,000, Platinum, with a minimum balance of AU$ 25,000 and Premier, with a minimum balance of AU$ 50,000. Each account is priced individually, with different brokerage rates, ranging from $10 minimum and then 0.1% commissions to no minimum and then 0.8% commissions.

The broker also offers swap-free accounts for traders of Islamic belief and viable options for money managers looking for FP Markets MAM/PAMM accounts.

Regarding leveraged trading, FP Markets maximum leverage ratio is 500:1 for retail clients opening a live account with the entity in St. Vincent & The Grenadines, and limited to 30:1 for retail traders opening a trading account with Australia’s ASIC and Cyprus CySEC regulated entities.

Currently, FP Markets trading accounts are available in several base currencies (subject to jurisdiction): AUD, USD, EUR, GBP, SGD, HKD, JPY, NZD, CHF or CAD.

FP Markets Demo account

With an FP Markets demo account traders can compare the broker to its peers, check out its product offering and trading conditions. An FP Markets demo account can also help novice traders practising with their trading skills in a safe environment, without risking losing real money.

To open an FP Markets demo account traders will need to fill in a form with some basic information – name and surname, a valid email address, country of residence and phone number. Please note that to open a demo account, traders do not need to upload any verification document(s) to FP Markets.

On the same form, traders can select which trading platform they prefer for the demo account; MT4, MT5 or IRESS which includes over 10,000 shares CFDs. On the field below users will be prompted to create, and repeat an account password. Then users can select the account type (Standard or Raw) and the account currency.

After that, all that is left is to click the “Save and Next” blue button. After FP Markets process all the info, traders will receive a welcome email from the broker confirming the registration and with the demo login details. The next step is to download the chosen trading platform, install it, connect to the demo server, and finally, log in to the demo trading account.

The FP Markets demo account expires after 30 days but will allow traders to test all the functions of the trading platform and the broker's pricing on several financial instruments – forex, indices, shares, cryptocurrencies and commodities, without risking any real money. The demo account is 100% risk-free and the funds are virtual, including both winnings and losses, of course.

Register for free and test your trading strategies, open a FP Markets demo trading account, with no risk and no obligation, now.

FP Markets Pricing

Account/Pricing Standard Raw
EUR/USD Spread from 1.0 pip from 0.0 pip
EUR/USD Commission (1 lot) $0 $6
EUR/USD Swap rate
(01-10-2021)
  • Long: -0.407
  • Short: +0.039

Spreads and trading commissions

FP Markets pricing and trading costs are amongst the most competitive in this industry when compared with other players. The starting spread for the most popular cross, the EUR/USD pair, on the Standard account, is 1.6 pip, commission-free.

Things improve massively with the Raw account. FP Markets competitively prices its Raw account with a starting spread of 0.0 pip on major crosses, like the EUR/USD, with a trading commission of $6 per round lot traded (100,000 base currency units).

For investors looking for an alternative broker for shares trading, FP Markets proposes its IRESS range of accounts, with a focus on the extremely low commissions of the Premier account, just 0.8%. Please be advised that this account package requires a minimum deposit of AU$ 50,000, and is available only with the ASIC regulated entity.

We consider the FP Markets Raw account trading commissions to be slightly below par when compared with other top brokers – who charge on average 7 USD per round lot.

Rollover rates

FP Markets swap rates, as of 01-10-2021, and for the EUR/USD, stand at -4.07 for holding overnight a long position of 1 lot and at +0.39 for holding overnight a short position of 1 lot. We consider FP Markets rollover rates to be average when compared with the swap rates offered by other top brokers.

FP Markets Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 10 different currencies and maintained via a multitude of funding methods – depending on the contracting entity. Including the traditional methods, cards and bank wires, FP Markets also accepts deposits with the most popular e-payment solutions (subject to jurisdiction), such as Neteller, China UnionPay, Fasapay, PayPal and Skrill.

And, exclusive to the FP Markets LLC entity in St. Vincent & The Grenadines, investors can fund the account with several cryptocurrencies, from BTC to USDT, via Finrax payments.

FP Markets does not charge any deposit fees and deposited funds via e-payment wallets and cards, are available almost instantly.

Minimum deposit: Opening a live trading account with FP Markets is fairly easy and it can all be done on the broker’s website, in 5 easy steps, taking on average 4 minutes from registration to account set up. FP Markets minimum deposit requirement for the Standard and Raw accounts is only 100 AUD or the equivalent in other base currencies. FP Markets IRESS accounts require an initial minimum deposit ranging from 1,000 AUD to 50,000 AUD, or the equivalent in other base currencies.

Withdrawal fees: FP Markets also waives the withdrawals fees, with processing times varying according to the withdrawal method chosen, but normally, within 1 business day. While FP Markets does not charge any withdrawal fees for e-wallet and bank wire transactions, certain e-wallet providers, as well as the sending and correspondent bank, may charge according to their fee structure. The minimum withdrawal amount allowed by FP Markets is 5 USD. For more information, please visit the FP Markets withdrawals dedicated page.

Inactivity fee: Currently, FP Markets does not charge an inactivity fee or any account maintenance fees.

FP Markets Popularity

FP Markets is not one of the most popular brokers, but, with its competitive pricing and good trading conditions, has some potential to be a reference in the industry.

FP Markets should be considered a valid option for traders looking for an alternative broker with an excellent range of financial instruments, and our recommendation, for traders looking to bet on the price of cryptocurrencies, as FP Markets crypto-trading spreads are some of the most competitive we have found.

The broker offers raw forex pricing on its MT4 platform, and deep liquidity from a large pool of leading, tier-1, regulated financial institutions for a diverse liquidity mix and aggressive pricing. FP markets also boast award-winning low latency trade execution times, delivered from its Equinix NY4 facility server cluster.

Popular trading account: The Raw account is the popular choice with traders looking to save on FP Markets trading costs, with low starting spreads and a commission of just 6 USD per round lot traded.

Trading education

FP Markets gets some extra popularity points for their great range of trading education materials, available through the “Education” tab on its website. FP Markets users can find some quality trading tools, including forex calculators, trading courses, multimedia materials, trade ideas and so much more.

FP Markets users can enrol on the FP Academy and access several trading courses, designed to address critical areas of the markets and enhance traders’ performance. Users can also watch and learn with live webinars, and educational videos, and make informed decisions with FP Markets daily and market insights reports.

Research & education materials available on FP Markets website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

FP Markets Promotions


FP Markets FAQs

Who is First Prudential Markets?

First Prudential Markets Pty Ltd is a derivatives and forex trading services provider, registered in Australia with ABN 16 112 600 281, and regulated by Australia’s ASIC with an AFS Licence, number 286354.

First Prudential Markets Pty Ltd operates in the online retail trading industry through its FP Markets brand. The FP Markets brand is shared also by the two other Group entities, First Prudential Markets Ltd and FP Markets LLC.

First Prudential Markets Ltd is a financial services provider company registered in Cyprus, on 19/11/2018, with company number 372179. The company is supervised and regulated by the Cyprus Securities and Exchange Commission, and holds a licence, number 371/18, on the category of Investment Services, allowing the company to receive and transmit orders in relation to one or more financial instruments, execution of orders on behalf of clients and to offer foreign exchange services where these are connected to the provision of investment services. The CySEC licence also allows First Prudential Markets Ltd to offer its financial services across the border to 27 EU member states.

First Prudential Markets LLC (FP Markets LLC) is a financial services provider company, registered as a Limited Liability Company, with number 126 LLC 2019, in Saint Vincent & The Grenadines.

All the 3 entities above compose the FP Markets Group of companies. As a regulated retail CFDs trading broker, FP Markets does not accept applications from U.S, Japan or New Zealand residents, or residents from any other country, or jurisdiction, where such distribution or use would be contrary to those local laws or regulations.

Is FP Markets an ECN broker?

FP Markets is a broker offering ECN pricing and an ECN trading environment. Any of the FP Markets trading platforms report the prices (Ask & Bid) received directly from its execution venues and liquidity providers.

To maintain a seamless trading experience, and offer the best execution prices, FP Markets connects to what is known as the Electronic Communication Network (ECN). This technology allows for executable price streaming, virtual order creation and aggregation of different liquidity providers.

By connecting to different liquidity providers, through the ECN network, FP Markets can offer extremely competitive spreads, ultra-low latency execution and minimal slippage. ECN prices allow for matching of trading orders and execution with the prices FP Markets deems best. This is particularly useful for forex traders who use trading strategies such as scalping with Expert Advisors (EA), as this results in faster execution.

FP Markets ECN prices refer to the way the price was derived and guarantees market competitiveness. This is different from cases of offsetting orders placed with liquidity providers, offsetting with orders from other clients/market participants, or trades held internally by FP Markets.

Irrespective of FP Markets' hedging strategy, the ECN pricing model aims to ensure execution quality at best, lower market prices. FP Markets considers price and costs as the most important execution factors, followed by speed, the likelihood of execution and settlement, size and nature, and market impact.

Please be advised that slippage is a normal element when trading CFDs on an ECN network. Slippage more often occurs during periods of illiquidity or higher volatility – for example, due to news announcements, economic events and market openings and other factors, making an order at a specific price impossible to execute. In other words, your orders may not be executed at declared prices.

What are FP Markets maximum leverage ratios?

FP Markets maximum leverage ratios, for forex trading, varies from 30:1 to 500:1, depending on the contracted entity and client classification.

For a complete overview of FP Markets maximum leverage ratios, per asset class, client classification and contracted Group entity, please refer to the table below:

Entity FP Markets LLC (SVG) First Prudential Markets Pty Ltd (AU) First Prudential Markets Ltd (CY)
Asset Class For all clients Retail Professional Retail Professional
Major forex 500:1 30:1 500:1 30:1 500:1
Major indices 500:1 20:1 200:1 20:1 200:1
Shares 20:1 5:1 20:1 5:1 20:1
Commodities (excl. Gold) 100:1 10:1 100:1 10:1 100:1
Cryptocurrencies 2:1 2:1 5:1 2:1 2:1

What is FP Markets minimum deposit?

FP Markets minimum initial deposit for the Standard and Raw accounts is AU$ 100 (one hundred Australian Dollars). The FP Markets minimum initial deposit for the IRESS Shares account is AU$ 1,000 (one thousand Australian Dollars). Please note that if the deposit currency is not in Australian dollars, then the indicative deposit amount should be converted to the deposit currencies.

The broker accepts deposits by multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other e-payment methods in AUD, USD, EUR, GBP, SGD, HKD, JPY, NZD, CHF or CAD (subject to the contracting entity and account type). Saint Vincent & The Grenadines entity, FP Markets LLC, accepts also account funding with multiple cryptocurrencies, processed by Finrax payments; USDT, BTC, BCH, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP and XLM.

FP Markets does not charge any deposit fees and will cover internal bank fees for all international deposits. If FP Markets receives a receipt showing the original deposit fee amount is no more than 50 USD, the company will cover clients international bank fees (charged by the client’s bank) for deposits over 10,000 USD. Regarding funding with cryptocurrencies, blockchain fees apply.

Deposits are almost instant, except for bank wire transfers, subject to banking schedule.

What is FP Markets withdrawal policy?

FP Markets withdrawal policy is to return the client’s funds to the origin of these funds, and as such, the withdrawal will be returned to the source of the funds' deposit.

This withdrawal policy is to protect all parties against fraud, and also in compliance with the applicable laws and regulations for the prevention and suppression of money laundering.

For the first withdrawal, the amount will need to be the same as the initial deposit, and withdrawn via the same deposit method. Once deposits have been withdrawn suing the original deposit methods, users can then use an alternative method to withdraw profits.

If a trader used several deposit methods, then the withdrawal amount must be the same and withdrawn back to each deposit method used, starting with any card deposits.

Once card deposits have been withdrawn back to the same credit/debit card, traders can then make the remaining withdrawals in the order that the initial deposits were made. After that, traders can then choose any of the previously used funding methods to withdraw profits, subject to the approval of the accounts team.

Funds can be withdrawn using a wide range of funding methods including credit cards, debit cards, e-payment wallets (including Neteller, PayPal and Skrill – subject to jurisdiction), online banking and bank wire transfer.

FP Markets does not charge any additional internal fees for withdrawals, however, please note, that payments to and from overseas banking institutions may be subject to intermediary transfer fees from either party, which are independent of FP Markets.

FP Markets accepts no responsibility for any bank fee and any such fees will be the responsibility of the client. The broker only passes the fees applied by e-payment wallet providers for the electronic withdrawals made from the user’s trading account. The only withdrawal charge applied directly by FP Markets is a 10 AUD fee for international bank wire withdrawals.

For more information on FP Markets withdrawal policy, please visit the FP Markets LLC fast & easy withdrawals web page.

Does FP Markets offer a bonus?

No, currently FP Markets does not offer a bonus. Out of the 3 regulated entities of the Group, two can never offer, or advertise, any type of bonus or promotions; First Prudential Markets Ltd, regulated by the Cyprus CySEC and First Prudential Markets PTY Ltd, regulated by Australia’s ASIC.

The reason is quite simple. On the last product intervention by the ESMA in Europe and the ASIC in Australia, for retail CFDs trading, it was established that brokers regulated in Europe and Australia are forbidden to offer promotions and bonuses to attract traders.

Thus, the only Group company that could offer a bonus is the FP Markets LLC entity, registered in Saint Vincent & The Grenadines. Although there isn’t currently any FP Markets bonus, the broker is running two very convenient promotions; Zero fees on deposits & withdrawals and free VPS service.

The zero fees on deposits & withdrawals promotions don’t need much explanation. Regarding the free VPS service promotion, if a user trades over 10 lots on a Standard trading account or 20 lots on a Raw trading account, FP Markets will cover the monthly subscription fee with its dedicated forex VPS provider.

For more info regarding the free VPS service promotion, please visit the FP Markets free VPS service web page. The free FP Markets VPS service is available for users registering a live account with any of the Group’s entities – FP Markets LLC, First Prudential Markets PTY Ltd and First Prudential Markets Ltd.

FP Markets review - final considerations.

We conclude our FP Markets review with the final considerations regarding this CFD broker. FP Markets stands out for its great range of available financial instruments and it is a serious contender for investors looking for a CFDs broker to speculate on the price of shares.

FP Markets also stands out for the competitive pricing of its Raw account, with starting spreads of 0.0 pip on some major FX pairs, with an average trading commission of 6 USD per round lot (100,000 currency units), and for the fast order execution speeds. The broker is also competitively positioned as an alternative for cryptocurrencies trading, namely BTC/USD, with below-average spreads (min 2.02 – avg. 7.66) and zero commissions added.

Also positively, FP Markets offers retail investors the possibility to trade with two highly-regulated entities, one in Europe and one in Australia, where retail client money safety and retail client protection are very important – and these are also the entities that we recommend to traders.

With an FP Markets account, traders are allowed to hedge, scalp, swing or position trade, with no restrictions, via 2 reliable trading platforms; MT4 and MT5, available for Windows, macOS, Android and iOS, and via the IRESS platform.

Overall, the broker's competitive pricing for FX and cryptos, the safety of retail client’s funds, together with an excellent range of financial instruments and a low initial deposit of 100 AUD, or equivalent in other base currencies, position this CFD broker on the top 10 brokers for popularity with traders opening a trading account in 2021.


FP Markets User rating

4.6

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Based on user reviews from FP Markets verified customers, with a live trading account, this broker is recommended for its execution speeds and the overall trading costs of the Raw account, with lower spreads and a low trading commission.

Traders were also very pleased with FP Markets deposit and withdrawal processing times, fast and efficient, even quicker than its competitors, and with the broker’s deposits and withdrawals policy of no fees. Finally, some traders praised the broker’s customer support service, and the dedicated account manager, as knowledgeable, efficient and friendly.

Negatively, a few traders reported on frequent slippage happening while trading with FP Markets, but basically, this is a characteristic of online brokers offering ECN environment trading.

Review sources

For over 10 years we have been one of the top IB brokers for live forex and CFD trading accounts to virtually all of the world's first-class retail brokers. One of our foremost goals is to help traders make informed decisions by publishing unbiased and accurate content, supported by primary sources.

These sources may include information supplied by the broker itself, government data, data available on the broker's corporate website(s), the broker’s analysis from our industry experts, and the opinions of verified traders with a live account. The information on this FP Markets review page was also collected from:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Check FP Markets website at www.fpmarkets.com for the percentage (%) of retail investor accounts losing money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.