FP Markets Review 2026
ECN pricing plus real stock access. Strong for Asia-Pacific.
Australian regulated with ECN pricing from 0.0 pips. 10,000 instruments including real stocks via IRESS. Strong choice for Australian and Asian traders.
What's on the menu
FP Markets has been serving since 2005, with the kitchen based in Sydney, Australia. The firm is privately held. The order book runs deep: 10,000 CFD instruments spanning forex, indices, commodities and crypto. Beyond the CFD menu, you can also own real shares outright.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 2005 |
| Headquarters | Sydney, Australia |
| Instruments | 10,000+ |
| Platforms | MT4, MT5, cTrader, TradingView, IRESS |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | Yes |
Kitchen inspection: is FP Markets safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Australia does not have a government-backed compensation scheme like the FSCS, but ASIC enforces high conduct standards.
| Regulator | Licence | Entity |
|---|---|---|
| ASIC | 286354 ✓ | First Prudential Markets Pty Ltd |
| CySEC | 371/18 ✓ | FP Markets EUGMBH |
| FSA | SD026 ✓ | First Prudential Markets Ltd |
Want to inspect the kitchen yourself? Pull up asic.gov.au/online-services/search-asic-s-registers and look up the ASIC licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
FP Markets - ASIC regulated, min deposit $100, 10,000+ instruments.
Ingredient costs: FP Markets spreads
Here is what the raw ingredients cost on a standard FP Markets account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 1.1 (std) / 0.0 (raw) pips |
| GBP/USD | 1.4 / 0.0 pips |
| USD/JPY | 1.1 / 0.0 pips |
| Gold (XAU/USD) | 12c/oz |
| S&P 500 | 0.4pt |
That EUR/USD figure of 1.1 (std) / 0.0 (raw) pips is a fair price to pay on a commission-free account.
The bill: FP Markets withdrawal fee and timing
Cost to take money out: None. FP Markets does not charge withdrawal fees.
How long it takes: 1 to 2 business days. FP Markets is generally fast. Most withdrawals process within 24 hours.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at FP Markets depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| First Prudential Markets Pty Ltd | ASIC 286354 | $100 | 1:30 |
| FP Markets EUGMBH | CySEC 371/18 | $100 | 1:30 |
| First Prudential Markets Ltd | FSA SD026 | $100 | 1:500 |
FP Markets vs IC Markets
| FP Markets | IC Markets | |
|---|---|---|
| Primary regulator | ASIC 286354 | ASIC 335692 |
| Min deposit | $100 | $200 |
| EUR/USD spread | 1.1 (std) / 0.0 (raw) pips | 0.8 (std) / 0.02 (raw) pips |
| MetaTrader | Yes | Yes |
| Instruments | 10,000+ | 2,250+ |
| Copy trading | No | No |
| Withdrawal fee | None | None |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at FP Markets if you value MetaTrader and running algorithms. IC Markets plates up better for anyone who leans on its particular regulated-entity coverage.
The licences, line by line
| ASIC | 286354, First Prudential Markets Pty Ltd |
| CySEC | 371/18, FP Markets EUGMBH |
| FSA | SD026, First Prudential Markets Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:30 on the major forex pairs. The offshore entity will pour up to 1:500, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- ASIC and CySEC regulated
- ECN spreads from 0.0 pips
- MT4, MT5, cTrader, TradingView
- Real stocks via IRESS
- 10,000+ instruments
- No inactivity fee
Sent back
- No MetaTrader for stocks (IRESS is separate)
- $200 minimum for IRESS
- Not available in US, Canada
Compare FP Markets before you commit
4.4/5 rating - ASIC regulated - min deposit $100
The verdict
Nothing on the plate here is fake: FP Markets is a genuine, regulated broker, and ASIC licence 286354 checks out on the public register. The table is set best for traders who want MetaTrader served on a regulated platform. We rate it 4.4 out of 5.
Other tables worth a look
If FP Markets is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is FP Markets safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. The kitchen holds ASIC licence 286354, and you can confirm it for yourself on the official register.
What is the FP Markets minimum deposit?
The cover charge is $100 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the FP Markets EUR/USD spread?
On a standard FP Markets account the EUR/USD ingredient runs about 1.1 (std) / 0.0 (raw) pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does FP Markets take to process withdrawals?
1 to 2 business days. FP Markets is generally fast. Most withdrawals process within 24 hours.
Does FP Markets charge withdrawal fees?
None. FP Markets does not charge withdrawal fees.
Does FP Markets have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.