FP Markets Review 2026: Fees, Platforms & Safety

FP Markets Overview

FP Markets has been around since 2005, making it one of the more established Australian forex brokers. Based in Sydney and regulated by both ASIC and CySEC, the broker has quietly built a reputation for competitive pricing and reliable execution. FP Markets does not chase headlines or splash sponsorship deals across football stadiums — instead, it has focused on refining its product offering for active traders.

We tested FP Markets with a live Raw account on both MT5 and cTrader over three weeks. The spreads were consistently tight, execution was fast, and the overall trading experience was polished and professional.

Trading Costs and Fees

FP Markets operates two main account types for forex and CFD trading: Standard and Raw.

The Raw account offers spreads from 0.0 pips with a commission of $3.00 per side per standard lot. During our testing, EUR/USD spreads averaged 0.12 pips during peak London/New York hours, bringing the all-in cost to approximately 0.72 pips equivalent. This places FP Markets among the most cost-effective brokers we have tested — comparable to IC Markets and Pepperstone.

The Standard account wraps all costs into the spread, with EUR/USD averaging 1.1 pips during peak hours. No commission is charged. This is a straightforward option for traders who prefer not to think about per-trade commission charges.

GBP/USD on the Raw account averaged 0.35 pips (plus commission), and USD/JPY came in at 0.15 pips. Cross pairs and exotics carried wider spreads, as expected.

Swap rates are competitive and clearly published. FP Markets does not charge deposit fees, withdrawal fees, or inactivity fees. The absence of an inactivity fee is a notable advantage over brokers that charge after extended periods without trading.

Trading Platforms

FP Markets offers four platforms, including an unusual addition that sets it apart from most forex brokers:

MetaTrader 4 comes with the full feature set — Expert Advisors, custom indicators, one-click trading, and multi-chart layouts. FP Markets provides free access to Autochartist and Trading Central through MT4, adding extra analytical tools on top of the standard package.

MetaTrader 5 expands on MT4 with additional timeframes, an integrated economic calendar, and depth-of-market visibility. All of FP Markets’ forex, CFD, and share CFD instruments are accessible through MT5.

cTrader is available for traders who prefer a more modern platform. FP Markets’ cTrader integration includes depth-of-market, advanced order types (including iceberg and stop-limit), and cAlgo for algorithmic trading in C#. The platform runs smoothly and offers notably better charting than MetaTrader’s default setup.

IRESS is the standout. This institutional-grade platform provides DMA (Direct Market Access) for trading real shares on major exchanges including the ASX, NYSE, NASDAQ, LSE, and HKEx. IRESS is designed for active equity traders who want level-2 data, conditional orders, and direct exchange access. Note that IRESS has a separate fee structure with monthly platform fees and per-trade commissions specific to the exchange.

Having four platforms — including both cTrader and an institutional share trading platform — is rare among retail brokers.

Execution speed was excellent. On the Raw account via cTrader, order fills averaged under 35 milliseconds. We saw no requotes during our three-week testing period, and slippage was minimal and fairly distributed between positive and negative outcomes.

Regulation and Safety

FP Markets holds two tier-1 licenses:

• ASIC (Australian Securities and Investments Commission) — AFSL 286354
• CySEC (Cyprus Securities and Exchange Commission) — License 371/18

Both are well-respected regulators with strict requirements around capital adequacy, client fund segregation, and operational transparency. FP Markets has maintained a clean record with both regulators since its founding.

Client funds for the Australian entity are held in segregated accounts at National Australia Bank (NAB), one of Australia’s “big four” banks. European clients under CySEC benefit from segregated funds and coverage under the ICF scheme up to €20,000. Negative balance protection is available across both entities.

The 20-year operating history adds confidence — FP Markets has survived multiple market crises (2008 financial crisis, 2015 Swiss franc shock, 2020 volatility) without any reported client fund issues.

Education and Research

FP Markets provides a reasonable educational offering that covers the basics without going exceptionally deep. The Traders Hub contains articles, video tutorials, and webinars covering forex fundamentals, technical analysis, and platform guides. Content is well-produced and practical, though the volume of material is smaller than what XM or IG offer.

Research tools include Autochartist pattern recognition, Trading Central analysis, and daily market commentary. The research team publishes regular updates on major forex pairs and key economic events. An economic calendar and real-time news feed are integrated into the MetaTrader and cTrader platforms.

The combination of Autochartist and Trading Central provides solid third-party research support. For traders who use these tools, having both available free of charge is a meaningful benefit.

Customer Service

FP Markets offers 24/7 customer support through live chat, email, and phone. During our testing, live chat responses came within 2-3 minutes, and agents were knowledgeable about account setup, platform configuration, and deposit/withdrawal processes.

Phone support is available through Australian and international numbers. Email responses took 4-12 hours depending on the complexity of the query.

The support team handled platform-specific questions (particularly about MT4 add-ons and cTrader setup) competently. IRESS-related queries were handled by a specialist team with deeper knowledge of the DMA product.

Multilingual support covers English, Thai, Vietnamese, Indonesian, and several other languages.

Deposit and Withdrawal

FP Markets supports deposits via bank transfer, credit/debit cards, PayPal, Skrill, Neteller, and several regional payment methods. Electronic deposits process instantly, while bank transfers take 1-3 business days.

The minimum deposit is $100, which positions FP Markets in the mid-range — accessible enough for most traders but higher than budget brokers like FBS or Exness. No fees are charged on deposits or withdrawals.

Withdrawals are processed within 1 business day by FP Markets. E-wallet withdrawals typically arrive same day, card refunds take 3-5 business days, and bank transfers take 2-5 business days.

During our testing, we made two withdrawals — one via Neteller (received in 3 hours) and one via bank transfer (received in 3 business days). Both processed without delays.

Product Range

FP Markets offers 10,000+ tradable instruments, making it one of the more comprehensive brokers:

• Forex: 60+ currency pairs
• Indices: 20+ global index CFDs
• Commodities: Metals, energies, soft commodities
• Share CFDs: 9,000+ shares from global exchanges (via MT5 and IRESS)
• Crypto: 10+ cryptocurrency CFDs
• Bonds: Government bond CFDs
• ETFs: Selected ETF CFDs

The massive share CFD and DMA stock selection is the highlight. Through IRESS, you get direct market access to thousands of stocks on major global exchanges — a feature that most forex-focused brokers simply do not offer. The forex and commodity selections are solid, though the crypto offering is relatively small.

Final Verdict

FP Markets is a well-rounded broker that combines tight pricing, strong dual regulation, and an unusually broad platform selection. The Raw account with 0.0 pip spreads and $3.00 per side commission ranks among the most competitive in the market. Having cTrader alongside MetaTrader provides excellent platform flexibility, and the IRESS platform opens the door to institutional-grade share trading that few retail brokers offer.

The weaknesses are modest: education could be deeper, the crypto selection is small, and the IRESS platform’s separate fee structure adds complexity. But for active forex traders who value execution quality and pricing, and especially for those who also want DMA stock access, FP Markets is a strong contender that punches above its weight. Two decades of clean operations under ASIC and CySEC regulation provides the trust factor to back it up.

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