FP Markets Review Of 2025

Trading Fees

FP Markets offers two main forex account types and pricing structures:

1. Standard Account: Commission-free spreads, ideal for beginner traders
2. RAW Account: ECN pricing with low spreads, designed for active and experienced traders

1. RAW Account Spreads

FP Markets’ RAW account offers ultra competitive raw pricing,  especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively.

ECN Forex Spread Comparison	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY
	0.10	0.20	0.50	0.30	0.50
	0.06	0.27	0.23	0.49	0.59
	0.10	0.20	0.50	0.20	0.71
	0.20	0.20	0.50	0.40	N/A
	0.30	0.50	0.60	0.50	0.50
	0.30	0.40	N/A	0.50	0.50
	0.44	0.42	0.50	0.40	0.30
	0.17	0.30	N/A	0.54	0.68
	0.20	0.40	0.60	0.50	0.70
	0.10	0.50	1.10	0.60	0.80
	n/a	0.50	0.70	0.60	0.40
	0.44	1.23	1.17	1.13	1.23

Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025

While Eightcap offers a slightly lower spread for EUR/USD at 0.06 pips, FP Markets offers a spread of 0.10 pips, on par with leading competitors like Pepperstone and Admiral Markets, and lower than the industry average.

2. Raw Account Commission Rate

FP Markets commission fees are competitive compared to other online brokers with similar ECN Account types. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50.

3. Standard Account Fees

FP Markets offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair.

Our methodology for determining spreads involves a comprehensive analysis of real-time forex spread data during peak trading hours, ensuring that the figures we present are both accurate and reflective of what traders can expect in live trading conditions.

This approach allows us to provide a transparent comparison of FP Markets against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair.

When trading FP Markets commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option.

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4. Swap-Free Account Fees

FP Markets also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance.

To be eligible for an Islamic Account, you need to sign up to a Standard or Raw Account with MT4 or MT5.

5. Other Fees

If you live in Australia, you also have the option of opening an IRESS trading account. While designed for stocks, other selected CFD products are also available on the platform. In most cases when using IRESS, you will pay a monthly fee of $55.

The equity CFD fees are as follows:

These are lower than the equivalent charges on the MT4 and MT5 platforms.

Use the calculator below to compare FP Markets’ trading costs with competitors such as Pepperstone and Eightcap, adjusting for trade size, currency pair, and base currency.

Calculate Your Trading Costs Below

Trade Size

AUD/USD EUR/USD GBP/USD USD/CAD USD/CHF USD/JPY

Base Currency

AUD USD GBP EUR

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Verdict on FP Markets Fees

FP Markets caters to beginners with its standard spreads and no commission structure, and more experienced traders through ECN pricing with raw spreads, offering tailored solutions for every trading level .

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Trading Platforms

FP Markets provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the FP Markets trading app.

The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.

As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms.

Note: MT4/MT5 is an option for Mac but you need to be using an earlier version than Mojave 10.14. A later version will require an Emulator or WINE.

MetaTrader 4 & 5

MetaTrader platforms are renowned for their reliability, comprehensive charting tools, and extensive support for automated trading. Both MT4 and MT5 offer features such as customisable charts across multiple time frames, a wide range of technical indicators, one-click trading, and support for trading robots (Expert Advisors). MT5 builds upon the offerings of MT4 with additional capabilities like centralised trading (except for spot shares), depth of market (DoM), enhanced charting tools, and an improved programming language for custom indicators and scripts.

Key Enhancements with MetaTrader:

• Autochartist: This powerful tool scans the markets in real-time, providing traders with insights and alerts on potential trading opportunities based on chart patterns and key price levels.
• Traders Toolbox: An exclusive collection of advanced tools including alarm managers, extra tick charts, and trade terminals, designed to enhance the MetaTrader trading experience.

You can check out our Pepperstone MT4 vs MT5 guide if you’re not sure which MetaTrader platform to choose.

Other Trading Platforms

Beyond the MetaTrader series, FP Markets offers a variety of other trading platforms, each with unique features to cater to different trading strategies and preferences:

• cTrader: Known for its intuitive interface and advanced order execution capabilities, cTrader is ideal for traders seeking detailed market analysis and precision in their trading operations.
• Mottai: A recent addition to FP Markets, Mottai offers a streamlined and efficient trading experience, designed with a focus on user-friendliness and high-tech trading solutions.
• TradingView: This platform is favoured by traders who need advanced charting tools and value the ability to connect with a global trading community, combining analytical tools with social networking features for strategy sharing.
• Iress: Tailored for comprehensive stock trading, Iress caters to a wide range of trading activities, from basic to advanced, and is equipped with various interfaces to suit different trader needs, providing access to extensive market data and trading tools.

Add-on Features and Trading Tools

FP Markets enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients.

From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders.

Here’s an overview of the key features and add-ons available at FP Markets:

• Copy Trading and Myfxbook: Myfxbook Autotrade extends automated trade copying services, enabling traders to mirror the strategies of seasoned traders directly within their MT4 platform. This integration not only provides access to a broad array of trading strategies but also delivers comprehensive performance statistics to inform trading decisions.
• Social Trading: The social trading platform at FP Markets encourages the exchange and replication of trading strategies among its community. This feature is particularly beneficial for traders looking to leverage the collective knowledge and experiences of a global trading network.
• VPS (Virtual Private Server): FP Markets offers a VPS service, ensuring that trading strategies are hosted on a secure, high-speed server. This service is crucial for traders using automated trading systems, as it guarantees that their strategies run uninterrupted, 24/7, without the need for a constant personal computer connection.
• Trading Central: As a leading provider of financial insights and analysis, Trading Central supports FP Markets traders by offering expert evaluations and recommendations. These insights are invaluable for making informed trading decisions based on technical analysis and market trends.
• Signal Start: This service allows traders to follow and copy the trades of successful traders, providing an opportunity to learn from experienced market participants. Signal Start is an excellent tool for traders looking to enhance their trading strategies and potentially increase their profitability.

Mobile Trading Apps

FP Markets caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time. These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools.

Whether using iOS or Android devices, FP Markets ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible.

Trade Experience 

FP Markets operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions.

In our Execution Speeds testing, FP Markets achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms.

Still, FP Markets secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds. Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results.

Verdict

FP Markets delivers one of the most comprehensive selections of trading platforms and tools in the industry, ensuring traders have everything they need for successful trading.

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Is FP Markets Safe?

FP Markets has an overall trust score of 60 based on regulation, reputation, and reviews.

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Regulation

FP Markets is overseen by two top-tier financial authorities, being the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe.

Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC).

Reputation

Established in 2005 in Sydney, Australia, FP Markets has a strong reputation in European and Australian markets despite a moderate monthly search volume of 27,100.

Reviews

The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services.

Verdict

Given its solid regulatory framework, established reputation, and exceptional client reviews, FP Markets is a reliable and trusted broker for forex and CFD trading.

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How Popular Is FP Markets?

There are 49,500 monthly searches for FP Markets each month on Google, making it the 27th most popular Forex Broker. Similarweb in February 2024 shows a similar story with the broker the 30th most visited, receiving 482,000 global visits.

Country	2024 Monthly Searches
Italy	12,100
India	2,900
United Kingdom	2,400
South Africa	2,400
Australia	1,900
Greece	1,900
United States	1,600
Canada	1,600
Spain	1,600
Germany	1,300
Pakistan	1,300
France	880
Turkey	720
Bangladesh	720
Poland	720
Malaysia	720
Thailand	720
Indonesia	590
Brazil	590
Nigeria	590
Singapore	590
Kenya	590
Morocco	590
United Arab Emirates	480
Netherlands	480
Cyprus	480
Switzerland	480
Philippines	390
Vietnam	320
Colombia	260
Sweden	210
Egypt	210
Algeria	210
Saudi Arabia	210
Cambodia	210
Taiwan	210
Portugal	210
Mexico	170
Hong Kong	170
Austria	170
Sri Lanka	140
Japan	140
Argentina	140
Venezuela	110
Ethiopia	110
Tanzania	110
Ireland	90
Peru	70
Ecuador	70
Uzbekistan	70
Ghana	70
Uganda	70
Dominican Republic	70
Chile	70
Jordan	70
Botswana	50
New Zealand	40
Bolivia	30
Costa Rica	20
Mauritius	20
Panama	20
Mongolia	10

2024 Average Monthly Branded Searches By Country

Italy	12,100 1st
India	2,900 2nd
United Kingdom	2,400 3rd
South Africa	2,400 4th
Australia	1,900 5th
Greece	1,900 6th
United States	1,600 7th
Canada	1,600 8th
Spain	1,600 9th
Germany	1,300 10th

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Deposit and Withdrawal

FP Markets has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods.

What is the minimum deposit at FP Markets?

The minimum deposit requirement for both Standard and Raw accounts with FP Markets is 50 USD/EUR/GBP in Europe and 100 AUD or its equivalent for Australia and international clients.

For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia.

Account Base Currencies

FP Markets provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF. Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds.

Deposit Options and Fees

FP Markets offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets.

This policy ensures that traders can manage their funds efficiently without worrying about additional costs. For international deposits, FP Markets goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, FP Markets will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD.

Withdrawal Options and Fees

However, it’s important to remember that while FP Markets does not charge for withdrawals, clients may face fees from intermediary banks for international transactions.

Verdict

FP Markets offers low minimum deposits and diverse, fee-free payment methods.

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Product Range

FP Markets offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals.

CFDs

FP Markets Full Product Range:

1. FX Trading: With 63 major, minor, and exotic pairs, FP Markets’ forex offerings are competitive, including currencies like AUD, CAD, JPY, NZD, SGD, GBP, EUR, and more exotic options such as the Swedish Krona and Turkish Lira.
2. Shares: The broker excels in shares trading, providing access to more than 10,000 stocks, including 814 as CFDs and nearly 10,000 outright stocks through the IRESS platform, marking one of the broadest ranges available globally.
3. Indices: Traders have access to 19 global indices, including  the NASDAQ 100, S&P 500, and EUREX.
4. Commodities: FP Markets lists 13 commodities, including softs, energies, and metals such as gold, oil, agricultural products, and silver.
5. Cryptocurrencies: The broker supports trading in 11 cryptocurrencies, covering major coins like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
6. Bonds: Although the selection is limited, FP Markets offers 2 bonds: the UK Long Gilt and the US 10-Year Treasury Note.
7. ETFs: There are 46 ETFs available, providing a unique opportunity for portfolio diversification with complex instruments that replicate the performance of various asset classes.

Disclaimer: cryptocurrency CFD trading is not available to clients in the UK as the FCA banned the trading of this derivative.

Share Trading

FP Markets offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4)  or MetaTrader 5 (MT5).

The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading.

MT5 covers 814 stocks across 9 global exchanges, while IRESS provides nearly 10,000 outright stocks and a selection of futures and ETFs, highlighting its extensive coverage, especially for Australian and US markets

Verdict

FP Markets offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options.

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Customer Service

FP Markets ensures round-the-clock support for its clients, offering customer service 24/7 through various methods including live chat, email, and social media platforms.

To cater to its global clientele, FP Markets’ live chat service is multilingual and supports over 12 languages, effectively removing language barriers and enhancing the overall customer support experience.

Verdict

With its multilingual support team available 24/7, FP Markets underscores its dedication to providing exceptional customer service, ensuring a seamless and supportive trading environment for all its clients.

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Research and Education

FP Markets provides research tools and educational resources to help traders make informed decisions and learn about trading. This includes market analysis, trading strategies, and educational materials available on their website.

Research Tools

FP Markets research  tools are designed to provide traders with the insights and analysis necessary to make informed trading decision.

These include:

• Traders Hub: A comprehensive resource center where traders can access a wealth of information, including market analysis, trading strategies, and updates. The Traders Hub is regularly updated to keep traders informed about the latest market movements and opportunities.
• Trading Knowledge: FP Markets offers a section dedicated to enhancing traders’ understanding of the markets. This includes detailed articles and guides on various trading concepts and strategies, catering to both novice and experienced traders.
• Fundamental Analysis: For traders who base their decisions on economic indicators and news events, FP Markets offers fundamental analysis resources. This includes analysis of economic reports, interest rates, political events, and other factors that can influence market prices.
• Economic Calendar: An essential tool for all traders, the economic calendar lists upcoming economic events, announcements, and reports from around the world. It helps traders anticipate market movements and plan their trading strategies accordingly.
• Forex Calculator: FP Markets provides a forex calculator tool to help traders manage their risk and calculate potential profits or losses. This tool is invaluable for planning trades and managing capital efficiently.

Educational Resources

FP Markets stands out for its comprehensive suite of educational resources, designed to enhance the trading knowledge and skills of its clients.

The educational offerings at FP Markets include:

• Trading Courses: Structured lessons that cover various aspects of trading, from the basics to more advanced strategies, helping traders navigate the markets with confidence.
• Videos: A collection of instructional videos that provide visual and easy-to-understand explanations of trading concepts, platform functionalities, and market analysis techniques.
• Webinars: Live online sessions hosted by industry experts, offering insights into market trends, trading strategies, and the opportunity for participants to ask questions in real-time.
• Podcasts: Engaging audio content that explores trading stories, experiences, and advice from seasoned traders and financial analysts.
• Events: FP Markets occasionally hosts or participates in trading events and seminars, providing a platform for networking and learning from professionals in the field.
• eBooks: A range of downloadable guides that delve into various trading topics, from introductory material to complex trading systems and strategies.
• Platform Video Tutorials: Detailed tutorials on how to use FP Markets’ trading platforms effectively, including tips on making the most of the tools and features available.
• Trading Glossary: A comprehensive glossary of trading terms and definitions, serving as a quick reference guide for traders to familiarize themselves with common trading jargon.
• Newsletter Sign-Up: Traders can subscribe to FP Markets’ newsletter to receive regular updates, market analysis, and educational content directly to their inbox.

These educational resources are accessible through the FP Markets website.

Verdict

FP Markets equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies.

Final Verdict on FP Markets

FP Markets sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings. It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds.

With a commitment to both novice and seasoned traders, FP Markets offers educational resources and customer service that enhance the trading experience.

Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences.

For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers.

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Disclaimer: Trading with financial instruments on a live account does have high risks involved, especially when you use the maximum leverage available to you.