FP Markets Review 2026
The full FP Markets write-up for New Zealand traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in New Zealand
| Regulator | ASIC ASIC, Australian Securities and Investments Commission (ASIC) |
| Licence Number | 286354 |
| Regulated Entity | First Prudential Markets Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 10,000+ |
| Platforms | MT4, MT5, cTrader, TradingView, IRESS |
| Copy Trading | ✗ |
| Real Stocks | ✓ |
| Inactivity fee | No inactivity fee |
| Verify on ASIC register → | 286354 |
Verdict
Cooks under ASIC (licence 286354). Cover charge $100. In New Zealand, forex leverage is capped at 1:30.
About FP Markets
FP Markets opened its doors in 2005 out of a kitchen in Sydney, Australia. Its menu runs to 10,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by First Prudential Markets Pty Ltd under ASIC.
In New Zealand, FP Markets serves as First Prudential Markets Pty Ltd, cleared by ASIC under licence number 286354. Under ASIC house rules, New Zealand traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- ASIC regulated, licence 286354
- 10,000+ instruments to trade
- Negative balance protection in New Zealand
- Platforms: MT4, MT5, cTrader, TradingView, IRESS
- Real stock ownership (not CFD)
- Founded in 2005 (21 years operating)
- 10,000+ instruments, one of the widest menus reviewed
Cons
- No inactivity fee
- 74.2% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
Key Facts, FP Markets
- Australian broker founded 2005, ASIC-regulated, consistently wins ECN/STP awards
- Average EUR/USD raw spread of 0.0 pips, one of lowest raw spreads in industry
- Access to Iress ViewPoint platform alongside MT4/MT5, rare retail access to professional platform
Known Limitations
- Primarily Australian-focused, international support can be slower
- Limited research and analysis content compared to global brokers
- Crypto CFDs not available on Australian-entity accounts
Frequently Asked Questions
Is FP Markets regulated?
Yes. FP Markets is authorised by ASIC, issued to the entity First Prudential Markets Pty Ltd, an authorisation you can look up for yourself on the official ASIC public register.
What is the minimum deposit for FP Markets in New Zealand?
The cover charge is $100, the smallest amount New Zealand traders need to open a live account with FP Markets under ASIC rules.
What leverage does FP Markets offer in New Zealand?
In New Zealand, ASIC rules cap FP Markets at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is FP Markets safe to trade with?
The kitchen passes inspection: FP Markets cooks under ASIC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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