Best For Not recommended for InvestinGoal Rating
  • Active forex and CFD traders focused on short-term trading
  • Algo traders using MT4, MT5, cTrader, or VPS
  • Traders who want broad CFD market access, including share CFDs
  • Users who value a strong demo account and solid mobile trading
  • Experienced traders comfortable with Raw pricing and commissions
  • Long-term investors who want real shares or ETFs
  • Anyone looking to buy and hold real cryptocurrency
  • UK traders who want FCA oversight and FSCS protection
  • Casual low-activity users considering higher-tier Iress access
  • Beginners who want the simplest fee structure and strongest research support
Rated: High
88

logo fp marketsFP Markets is a good fit for active forex and CFD traders who want flexible platforms, fast execution, and pricing that works best on a Raw account. It stands out for algorithmic trading, share CFD access, and a genuinely useful demo and mobile setup. It is less suitable for long-term investors or anyone who wants real stocks, real crypto, or UK-specific regulatory protection.

How we review

Led by Filippo Ucchino, broker expert and CEO at InvestinGoal, we test brokers directly and assess them through a methodical review system. That includes live checks of the platform experience, account setup, tools, pricing structure, and key trading features, supported by research into official broker materials and regulatory records. We then evaluate each broker across the categories that matter most to traders, from safety and costs to platforms, markets, mobile trading, education, and support. Learn more about InvestinGoal methodology.

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Trust comes from transparency and consistency. Our reviews are written by specialists, fact-checked before publication, and updated when important broker details change. We show both positives and negatives, explain who a broker is best suited for, and avoid reducing the review to generic marketing claims. That gives readers a clearer basis for comparing brokers and making decisions with confidence. Learn more about why you can trust InvestinGoal.

In this FP Markets review, we break down pros and cons, regulation and security, fees, platforms, markets, account features, and trading conditions, so you can decide faster and with more confidence. FP Markets is also part of our selection of the best online brokers. The tabs below let you jump directly to the factor most important to your decision.

Regulation

FP Markets is not regulated in the UK and does not accept UK traders. The broker has no FCA-authorised entity and instead operates through licences including ASIC and CySEC. That means UK investors do not get protections such as FSCS cover, access to the Financial Ombudsman Service or FCA-mandated safeguards.

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Safety

FP Markets is reasonably safe operationally, but it is not a UK-protected option. It uses segregated client accounts at AA-rated banks, retail negative balance protection, a 50% margin stop-out, SSL security and optional 2FA; clients under the CySEC entity may also qualify for investor compensation up to $20,000. The main drawback for a UK reader is the absence of FSCS cover, while excess-loss insurance and some security details are not disclosed.

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Available Markets

FP Markets offers a broad CFD-only range with 10,000+ instruments across forex, share CFDs, indices, commodities, crypto CFDs, bonds and ETFs. The lineup includes 60+ currency pairs and a large global share-CFD catalogue, giving active traders plenty of short-term trading choice from one account. The key trade-off is that you cannot buy real shares or real crypto, and futures, options and spread betting are not available.

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Cost

FP Markets is competitively priced for active CFD traders, especially on its Raw account. EUR/USD starts from 0.0 pips plus $3 per side per lot, while the Standard account starts from about 1.0 pip with no commission; index and gold spreads are also relatively tight. Pricing is less attractive for casual or multi-asset users once share-CFD minimum commissions, possible Iress platform fees and some withdrawal costs are added.

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Trading Quality

FP Markets is good for active CFD trading, particularly forex, share CFDs, algo trading, copy trading and demo use. It combines 60+ forex pairs, 10,000+ share CFDs, low-latency infrastructure, multiple third-party platforms and an unlimited demo account with real-time pricing. It is less compelling for long-term investors because the product set is CFD-only, and some of the strongest stock-trading functionality sits on Iress rather than the standard platform lineup.

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Trading Conditions

FP Markets offers trader-friendly conditions with STP/ECN-style execution, minimum order sizes from 0.01 lots and leverage up to 1:30 for retail or 1:500 for eligible professionals. Scalping, hedging and algorithmic trading are allowed, and the broker reports execution around 40 ms with most orders filled in under a second. The caveat is that slippage data and detailed execution statistics are limited, and spreads can still widen sharply in volatile markets.

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Account Types

FP Markets offers a flexible account lineup built around the Standard and Raw accounts, with Islamic, Demo, professional and corporate options alongside them. Standard is the simpler spread-only choice from 1.0 pip, while Raw is aimed at active traders with spreads from 0.0 pips plus commission; the demo is effectively open-ended if used regularly. The main trade-off is that premium and managed options are more niche, with higher eligibility hurdles and managed accounts unavailable to UK traders.

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Account Opening

Opening an account with FP Markets is a fully online process that is generally straightforward. You complete the application, choose your account type, platform and base currency, answer the suitability questionnaire, upload ID and proof of address, then fund the account; the usual minimum deposit is USD 100 or equivalent. Approval typically takes from a few hours to one business day, but timing depends on document checks and any follow-up compliance review.

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Trading Platforms

FP Markets offers one of the stronger third-party platform suites in its segment, led by MT4, MT5, cTrader, TradingView connectivity and Iress for more advanced share-CFD trading. This gives traders solid coverage for charting, automation, back-testing, copy trading and VPS-supported strategies across web, desktop and mobile. The main limitation is that the most market-data-rich stock experience is tied to Iress, which depends on account tier and jurisdiction.

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Mobile Trading

FP Markets is excellent for mobile trading because it supports its own FP Markets app as well as MT4, MT5 and cTrader on iOS and Android. Mobile users can trade forex and a wide CFD range, manage funding, access indicators, drawing tools, market news and an economic calendar from the app. The trade-off is that mobile remains lighter than desktop for advanced charting, multi-screen analysis, plugins and algorithmic workflows.

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Learning Material

FP Markets is good for learning trading, with a broad mix of articles, video lessons, live webinars, daily analysis and an unlimited demo account. Its Trading Academy gives beginners a structured starting point while still offering enough market commentary and platform education for developing traders. It is not a standout education broker, though, because micro-risk practice via cent or nano accounts is missing and the content range is lighter than the strongest education-led competitors.

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Customer Care

FP Markets has excellent customer care, with 24/7 support via live chat, phone and email, plus multilingual service and local or toll-free contact numbers. The support setup looks strong for both routine account help and platform issues, and higher-tier clients can also get a Personal Account Manager. The main limitation is that the most personalised service is reserved for premium tiers rather than being standard across every account.

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My take after testing FP Markets: FP Markets has always been a broker built for active traders, and that hasn’t changed. After years of following them, it’s still the same story: tight Raw pricing, flexible platforms, and a setup that genuinely suits frequent forex and CFD trading. The Raw account holds up well for that purpose, and the range of features speaks for itself: MT4, MT5, cTrader, TradingView, and north of 10,000 CFD markets. What they’ve never really been, and probably never will be, is a long-term investing platform. No real shares, no spot crypto, no buy-and-hold infrastructure. That’s not a criticism, it’s just who they are. If that’s what you need, look elsewhere. But if you’re an active trader who knows what they’re doing, FP Markets remains a solid choice

Filippo Ucchino profile photo

Filippo Ucchino

Co-Founder and CEO of InvestinGoal - Introducing Broker

What type of broker is FP Markets?

FP Markets applies a non-dealing-desk STP/ECN execution model and sources pricing from external liquidity providers while remaining the counterparty to clients’ CFD trades.

FP Markets operates as a multi-asset CFD broker offering 10,000+ instruments across seven asset classes: forex, stocks, indices, commodities, digital currencies, ETFs, and bonds. Raw forex accounts use ECN execution with direct interbank pricing; select CFDs and equities offer Direct Market Access (DMA).

FP Markets serves both retail and professional traders. Retail clients face 30:1 leverage caps under ASIC/CySEC regulation. Professional accounts offer up to 500:1 leverage, VIP services, and premium platform access (Iress), with the top-tier Iress Premier requiring a 50,000 AUD minimum for institutional-grade execution.

General View of the FP Markets Homepage

Yes, FP Markets is a legitimate broker. Founded in 2005 as First Prudential Markets, it is headquartered in Sydney with a registered office in Saint Vincent and the Grenadines. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) for its Australian entity and the Cyprus Securities and Exchange Commission (CySEC) for European operations. The privately held firm has operated continuously for nearly two decades, serves a large global client base, and has won industry awards including “double win” recognition in the Online Money Awards. FP Markets does not publish fully consolidated audited financial statements as it is not publicly listed.

The advantages of FP Markets are listed below.

  • Regulation and Security: FP Markets operates under strict financial regulations with client funds held in segregated accounts at top-tier banks, ensuring protection and compliance.
  • Tight Spreads and Low Costs: Offers institutional-grade pricing with spreads from 0.0 pips on major currency pairs and low commissions, which is ideal for high-frequency and professional traders.
  • Range of Trading Instruments: Provides access to forex, commodities, indices, shares, and cryptocurrencies, enabling portfolio diversification across global markets from a single platform.
  • Advanced Trading Platforms: Supports MetaTrader 4, MetaTrader 5, and Iress for flexible execution, advanced charting, automation, and algorithmic trading tools.
  • Execution Speed and Technology: Uses Equinix servers and deep liquidity aggregation for ultra-fast, low-latency execution, supporting scalping, hedging, and automated strategies without requotes.
  • Education and Analysis Tools: Offers webinars, trading guides, and market analysis to help beginners learn and experienced traders refine strategies.
  • Account Types and Flexibility: Provides Standard and Raw accounts, allowing traders to choose variable spreads or commission-based pricing based on style and capital.
  • Customer Support: Delivers 24/7 multilingual support via live chat, phone, and email for technical issues, account management, and platform guidance.
  • Copy and Social Trading Options: Integrates social trading via MetaTrader and Iress, allowing traders to follow or copy professional strategies, which enhances accessibility for novices.
  • Transparency and Reliability: Maintains clear fee structures, transparent pricing, and no dealing desk intervention, supporting trader confidence through consistent compliance.

The main disadvantages of FP Markets are listed below.

  • Regulation: FP Markets is not regulated by the UK’s FCA. While it holds reputable licenses like ASIC (Australia) and CySEC (Cyprus), UK clients may not benefit from the same level of UK-based investor compensation schemes.
  • Crypto and Asset Limits: Cryptocurrency CFDs are generally unavailable to retail clients in the UK. Stock CFD access is heavily restricted to the specialized IRESS platform, which limits options for MT4/MT5 users.
  • Fees: International bank withdrawals can be costly. Furthermore, if not trading actively, the IRESS platform has fees that can make it less attractive for casual, lower-balance traders.
  • Research and Education: Educational and market research content is generally considered less comprehensive than leading industry brokers.

Is FP Markets regulated in UK?

No, FP Markets is not regulated by the UK Financial Conduct Authority (FCA). The FCA register confirms no authorisation or registration. UK retail clients do not receive FCA protections such as FSCS coverage or FCA-mandated negative balance protection.

FP Markets operates via regulated entities in other jurisdictions:

  • FP Markets Pty Ltd: ASIC (Australia), AFSL 286354
  • First Prudential Markets Ltd: CySEC (Cyprus), Licence 371/18
  • FP Markets (Pty) Ltd: FSCA (South Africa), FSP 50926
  • First Prudential Markets Ltd (Seychelles): FSA (Seychelles), Licence SD130
Broker
Regulated in UK No Yes Yes
Regulatory status in UK Unregulated Regulated Regulated
Tier 1 regulations held ASIC, ESMA (CySEC) FCA, ESMA (CySEC) ASIC, FCA, ESMA (BaFin, CySEC)
Tier 2 regulations held FSCA FSCA CMA, DFSA
Tier 3 regulations held FSA, FSC SCB SCB

FP Markets is not legally authorised by FCA for UK investment services and has no active UK entity on the FCA Register with permissions. The group serves clients via non-UK licences (e.g., ASIC AFSL 286354 and Seychelles FSA SD130), so UK regulatory protections may not apply. UK retail access to leveraged products generally requires an FCA-authorised provider. Check the FCA Financial Services Register (and any FCA notices) for “FP Markets/First Prudential Markets,” including any entries marked cancelled.

No, FP Markets does not accept UK traders because it is not authorized by the FCA to operate in the UK market. FP Markets was available in the UK before Brexit thanks to EEA passporting rights given by the CySEC (Cyprus) regulation.

Because FP Markets isn’t FCA authorised, UK traders wouldn’t receive UK regulatory protections such as FSCS compensation or access to the Financial Ombudsman Service. Learn more about the best Forex brokers in UK.

No, FP Markets does not accept U.S. traders. The firm is not registered with the U.S. Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA), and it declines applications from U.S. residents. U.S. clients are blocked from opening accounts under the company’s global operations, and no U.S.-licensed subsidiary (such as “FP Markets USA LLC”) exists to facilitate access. Explore the best Forex brokers in US.

Is FP Markets safe in UK?

FP Markets is considered safe due to multi-regulation and standard client-fund protections, but it is not FCA-regulated in the UK. Client money is held in segregated accounts with AA-rated banks, though specific bank names are not disclosed. UK clients do not get FSCS cover. Retail clients onboarded under the Cyprus (CySEC) entity may qualify for the Investor Compensation Fund up to $20,000 per person when that entity is the contracting counterparty. Retail accounts have negative balance protection and an automatic 50% margin stop-out. No professional-indemnity or excess-loss insurance is published. Security includes SSL encryption (e.g., 128-bit on MT4) and optional 2FA in the Client Portal. Biometric login and penetration-testing frequency are not disclosed.

Broker
Segregated client funds Yes Yes Yes
Negative balance Yes Yes Yes
Investor compensation scheme No Yes Yes
Founded in 2005 2006 2010
Publicly traded No No No

The risks with the broker FP Markets are listed below.

  • Leverage risk: FP Markets offers leverage up to 1:30 (retail) and 1:500 (professional). Leverage amplifies gains and losses as small adverse moves can wipe out deposits, especially at higher ratios.
  • CFD complexity: CFDs are derivatives without asset ownership. Positions can move rapidly against traders, and overnight financing charges accumulate, eroding profitability over time.
  • Counterparty risk: FP Markets is a CFD brokers and acts like the trade counterparty, creating potential conflict where broker profit comes from client losses. Clients depend on the broker honoring obligations at close.
  • Slippage exposure: During high volatility or low liquidity (news events, off-peak hours), orders may fill at prices different from requested, increasing costs and losses.
  • Margin call risk: If equity falls below maintenance margin, FP Markets can close positions automatically without notice, locking in losses at unfavorable prices.
  • Platform dependency: Trading depends on MetaTrader 4/5 and cTrader uptime. Technical failures, connectivity issues, or outages can prevent order management, causing unintended losses during critical moves.
Broker
Risk percentage 74-89% of retail CFD accounts lose money 72.87% of retail CFD accounts lose money 75–95% of retail investor accounts lose money when trading CFDs

What markets can you trade on FP Markets?

The markets you can trade on FP Markets are listed below.

  • Currency pairs (CFDs): 60+ major, minor, and exotic FX pairs. Minimum trade: 0.01 lots (1,000 base units). Learn more about what is the Forex market.
  • Stocks (CFDs): 10,000+ global equity CFDs (US, Europe, Asia-Pacific). Minimum trade: 1 share-equivalent per contract.
  • Indices (CFDs): Global index CFDs including S&P 500, NASDAQ 100, FTSE 100, DAX 40. Minimum trade: 1 index contract (varies by index).
  • Commodities (CFDs): Metals, energies, and agricultural CFDs; they may track spot or futures prices (no physical delivery). Minimum trade: typically from 0.1 lots; precious metals from 0.01 lots.
  • Cryptocurrencies (CFDs): Major crypto CFDs including Bitcoin, Ethereum, Ripple, Litecoin. Minimum trade: usually the minimum trade size is 1-lot, that prevents micro-position trading (varies by asset).
  • Bonds (CFDs): Government bond CFDs from major economies. Minimum trade: varies by bond.
  • ETFs (CFDs): Global ETF CFDs tracking sectors or indices. Minimum trade: typically 1 ETF unit per contract.
Broker
Forex Yes (CFDs) Yes (CFDs) Yes (CFDs)
Indices Yes (CFDs) Yes (CFDs) Yes (CFDs)
Commodities Yes (CFDs) Yes (CFDs) Yes (CFDs)
Shares Yes (CFDs) Yes (CFDs) Yes (CFDs)
ETFs Yes (CFDs) Yes (CFDs) Yes (CFDs)
Cryptocurrencies N/A N/A N/A

 

General View of the Available Markets on FP Markets

The trading products not offered by FP Markets are listed below.

  • Real cryptocurrencies
  • Futures
  • Options
  • Real shares
  • Spread betting

No, you can’t buy real crypto on FP Markets. FP Markets only offers cryptocurrency exposure through CFDs, meaning you speculate on price movements without owning the underlying asset. Available crypto CFDs include BTC, ETH, XRP, Bitcoin Cash, and Litecoin.

No, you can’t trade real shares on FP Markets. FP Markets offers only CFDs (contracts for difference) on equities; it does not provide direct ownership of shares. You can speculate on stock price movements without owning the underlying assets.

No, FP Markets does not offer fractional shares.

How cheap are spreads with FP Markets?

FP Markets spreads are low and competitive, especially on its Raw (ECN-style) account. The FP Markets Raw account offers EUR/USD spreads from 0.0 pips, with low variable spreads in normal market conditions, plus a per-lot commission. The FP Markets Standard account shows EUR/USD spreads from 1 pip. The FP Markets US500 spread sits at approximately 0.5 points, while the FP Markets XAU/USD spread is about $0.07.

For active traders, the FP Markets Raw account is generally more cost-efficient as tighter underlying spreads through direct liquidity offset the added commission. The FP Markets Standard account is simpler (no separate commission) but bundles all costs into the spread, resulting in higher average spreads but simpler pricing. Learn more about low spread Forex brokers.

The fees with FP Markets are listed below.

  • Spreads: Standard accounts from 1.0 pip.
  • Commissions: Raw accounts $3 per lot per side (forex and metals); cTrader equity and share CFDs 0.10% per side ($2 minimum per side).
  • Overnight fee: Variable swap and financing rates; triple charge on Wednesdays.
  • Inactivity, deposits, withdrawals: No standard inactivity fee applies on core accounts. Some Iress tiers may carry platform or data fees if activity thresholds are not met, and some withdrawal methods may incur charges.
Broker
Overnight fees Yes Yes Yes
Inactivity fee No Yes No
Deposit fees No No No
Withdrawal fees No Yes No
Currency conversion fee Yes Yes Yes

Yes, FP Markets charges good/typical raw commissions per every lot traded. FP Markets offers a Raw account with spreads from 0.0 pips and a commission of $3 per lot per side, which equals $6 round turn per 1.00 lot. FP Markets’ Standard account model does not charge a trade commission because costs are built into the spread instead.

Broker
Avg. EUR/USD spread (markup) 1.00 pips 1.40 pips 1.10 pips
Avg. EUR/USD spread (raw) 0.00 pips 0.00 pips 0.10 pips
Commission/lot $6.00 Round Turn $7.00 Round Turn $6.00 (£4.50) Round Turn
All-in FX cost $8.00 $10.50 $8.50

FP Markets’ typical overnight swaps for EUR/USD are Excellent, being around +0.7% p.a. on long positions and around –0.6% p.a. on short positions, with pricing based on tom-next plus a small administrative margin that keeps the broker admin-to-tom-next below +1.0% p.a. (Excellent under the ≤ +1.0% p.a. guideline).

Triple swaps apply on Wednesdays to cover the weekend rollover. Swap fees vary by account type in how they’re charged, with Standard accounts bundling costs into the spread while Raw accounts apply swaps directly to open positions.

FP Markets charges commission on share CFDs by exchange (as % of trade value or fixed per trade), as shown below.

  • EU shares: 0.10% of trade value per side (min applies per transaction).
  • US shares: $0.02 per share ($15 minimum per transaction).
  • Australian shares: AUD 6 or 0.06% of trade value, whichever is higher.

High-volume/VIP traders may receive discounted rates based on monthly turnover thresholds. If the share currency differs from your account base currency, FP Markets applies a currency conversion fee (market rate plus a small margin) at execution.

FP Markets’ crypto CFD commissions are included in the spread. Instruments include BTC, ETH, LTC, XRP, and BCH. No spot/real-crypto ownership is offered.

Is FP Markets good for trading?

FP Markets is good for trading forex, CFD stocks, algo trading, copy trading, mobile trading, and demo trading. FP Markets is not good for trading real stocks or real cryptocurrencies.

FP Markets offers 60+ forex pairs across MT4, MT5, cTrader, and TradingView with commissions around $6 per lot on Raw accounts and regulation from ASIC, CySEC, FSCA, and FSA. The broker provides access to over 10,000 share CFDs across major exchanges (ASX, NYSE, NASDAQ, LSE, Xetra, HKEX) with DMA pricing via Iress and competitive commissions (ASX 0.06%/side, UK 0.10%/side, US $0.02/share). Algo trading is supported through MT4 (MQL4), MT5 (MQL5), and cTrader (cAlgo) with VPS services and low-latency infrastructure at Equinix NY4/LD4 data centers.

Copy trading is available via the proprietary FP Markets Copy Trading mobile app and third-party platforms like Myfxbook AutoTrade and SignalStart with no additional fees. The broker offers 11 or 12 cryptocurrency CFDs (BTC, ETH, XRP) with 24/7 pricing and spread-based costs, plus unlimited free demo accounts with $100,000 virtual balance and real-time price feeds. FP Markets does not provide direct share-dealing, custody services, cryptocurrency wallets, or fiat-to-crypto exchange capabilities. All stock and crypto products are CFD-based only.

FP Markets is not a good fit for investing because it does not offer real ownership of stocks or ETFs. The broker operates as a CFD-only platform, meaning all equities and ETFs are provided as contracts for difference rather than custodial securities. Clients do not own the underlying assets when trading with FP Markets; instead, they hold derivative positions that incur daily financing charges (swap fees) for positions held overnight. This structure makes the platform unsuitable for buy-and-hold strategies typical of long-term investing, as the cumulative cost of overnight financing erodes returns over extended holding periods.

FP Markets is excellent for demo trading because it offers an unlimited demo trial with real-time pricing from live market feeds, full platform functionality, unrestricted access to all tradable instruments, and flexible virtual balance options.

FP Markets provides demo accounts that stream the same real-time Forex feeds and crypto CFD quotes as live accounts directly from liquidity providers, ensuring pricing accuracy. The demo environment mirrors the live trading experience with complete platform functionality, though it cannot replicate real-world liquidity effects such as slippage, live liquidity depth, and order-fill variability. Demo users have access to the full range of instruments available on live accounts, including Forex, indices, commodities, crypto CFDs, and all other CFDs. Accounts come preloaded with USD 100,000 in virtual funds by default, and users can adjust this balance during demo creation or request changes through support. Demo accounts remain active indefinitely as long as users log in periodically. Inactive accounts are typically deleted after approximately 30 days without use.

eToro, XTB, IC Markets and XM are some good alternatives to FP Markets as best Forex demo accounts.

FP Markets is an excellent choice for algo trading. It provides four fully-featured platforms with comprehensive algorithmic capabilities, VPS hosting for qualifying clients, and ultra-low latency execution infrastructure through Equinix NY4 and LD4 data centers.

FP Markets supports algorithmic traders across several platforms. It supports MT4 with complete MQL4 scripting and no platform restrictions. It supports MT5 with full MQL5 support including the built-in strategy tester and multi-asset capabilities. It supports cTrader with cAlgo cTrader Automate for developing C# cBots and custom indicators. It supports TradingView with Pine Script functionality and third-party automation tools such as Autochartist and Trading Central.

The broker allows algo scalping, hedging including dedicated hedge mode on MT4 and MT5, shorting across all CFD instruments, and high-frequency trading strategies. These strategies benefit from the broker’s co-location in Equinix’s NY4 and LD4 facilities. VPS hosting is available and frequently provided free of charge to clients who meet volume or balance thresholds. However, FP Markets does not offer a public retail API for custom integrations. The broker prohibits arbitrage strategies that exploit latency discrepancies as well as price scraping and sniping techniques.

Pepperstone, IC Markets, Roboforex, and FxPro are some good alternatives to FP Markets as algorithmic trading Forex brokers.

FP Markets is great for Forex trading because it operates under tier-1 regulation from ASIC, offers complete trading freedom including scalping, hedging and expert advisors, provides comprehensive platform options with MT4, MT5, cTrader and proprietary solutions, and includes full analytical tools such as sentiment indicators, drawing tools, technical indicators and an economic calendar. FP Markets is great but not excellent for Forex trading due to high trading costs, as the Raw ECN account charges a commission equivalent to $6 round-turn before adding the raw spread.

FP Markets provides access to over 60 forex pairs with a minimum position size of 0.01 micro lots, regulated by ASIC in Australia alongside CySEC, FSCA and FSA in other jurisdictions. The broker supports all major trading strategies and automated trading through MT4, MT5 and cTrader platforms, complemented by its proprietary WebTrader and mobile app. Traders have access to complete analytical resources including the Sentiment Trader tool, multiple drawing tools, technical indicators and an economic calendar. The main weakness lies in the cost structure. The Raw ECN account’s commission alone equals $6 round-turn using standard conversion, with the actual raw spread charged on top of this commission, resulting in total trading costs that exceed typical industry spreads.

Pepperstone, XM, AvaTrade and IC Markets are some good alternatives to FP Markets as best Forex brokers.

FP Markets is great for CFD stock trading. It operates under Tier-1 regulation by ASIC, provides DMA share CFD access to over 10,000 stocks across major global exchanges including ASX, NYSE, NASDAQ, LSE, Xetra/Frankfurt, HKEX, and SGX, supports US stock CFDs, allows scalping, hedging, algorithmic trading, and shorting, and offers multiple third-party platforms including Iress, MT4, MT5, and cTrader with real-time market data. FP Markets is great and not excellent for CFD stock trading. Its commission structure varies significantly by exchange with per-share fees and minimums for example US stocks incur $0.02 per share with a $15 minimum. It does not offer fractional CFDs as its DMA structure requires a minimum of 1 CFD per 1 share. It lacks a proprietary platform built in-house. Its analysis tools are limited with no stock screener or earnings calendar available.

FP Markets provides DMA share CFD trading with commissions that differ by market. Australian stocks are charged 0.06% per side while US stocks carry $0.02 per share with a $15 minimum. This makes the overall commission level competitive in some regions but variable across exchanges. The broker grants access to more than 10,000 stock CFDs spanning seven major exchanges and includes US equities. Real-time market data is available through the Iress platform, though some live feeds may require a subscription with delayed quotes offered as an alternative. The broker supports all major trading strategies including scalping, hedging, algorithmic execution via Expert Advisors, and short selling. Multiple third-party platforms are available. Share CFDs are primarily traded on Iress with a limited selection on MT5. FP Markets does not maintain a proprietary in-house platform for stock CFD trading. Analysis capabilities include news feeds via Iress, fundamental data through third-party providers like Trading Central, and sentiment tools such as Sentiment Trader. The platform lacks a stock screener and an earnings calendar for comprehensive fundamental research.

Good alternatives to FP Markets for CFD stock trading are IG Markets, Pepperstone, eToro, and AvaTrade, as listed in the best CFD brokers guide.

FP Markets is not a good fit for real stocks trading because the broker does not offer direct, exchange-cleared stock dealing at all. FP Markets exclusively provides share trading through CFDs (contracts for difference), specifically DMA share CFDs, rather than actual stock ownership. Clients cannot purchase, hold, or trade real stocks on any exchange through FP Markets while the broker operates under reputable Tier-1 regulation from ASIC alongside licenses from CySEC, FSCA, and FSA, and offers extensive share CFD trading capabilities through platforms like Iress and MT5. The broker’s share trading service is entirely CFD-based, meaning traders speculate on price movements without owning the underlying securities, which makes FP Markets unsuitable for investors seeking genuine stock ownership, dividend rights, shareholder voting privileges, or long-term equity investing.

DEGIRO, eToro, XTB and Trading 212 are some good alternatives to FP Markets as best stock brokers.

FP Markets is a good option for CFD crypto trading because it operates under multiple regulatory licenses including ASIC, CySEC, FSCA, and FSA (Seychelles), charges no direct commissions on crypto CFD trades, and provides real-time market data with 24/5 streaming and no delays. FP Markets is good and not excellent for CFD crypto trading because it offers only 12 tradable CFD cryptocurrencies and requires a minimum trading size of 1 lot equaling 1 coin without fractional trading options, which limits accessibility for smaller traders.

FP Markets structures its crypto CFD costs through spreads rather than direct commissions; however, traders holding positions overnight will incur financing charges. The broker provides access to 12 cryptocurrency CFDs with real-time price feeds available throughout the trading week. The main limitations include the restricted selection of cryptocurrencies compared to specialized crypto brokers and the 1-lot minimum trade size that prevents micro-position trading. FP Markets does not hold crypto-specific regulatory authorization, as its crypto CFD offerings fall under its standard CFD licenses across multiple jurisdictions.

eToro, NAGA, Pepperstone, and AvaTrade are some good alternatives to FP Markets as best CFD crypto brokers.

FP Markets is not a good fit for real crypto trading because the broker does not offer any real cryptocurrency trading services. FP Markets exclusively provides cryptocurrency contracts for difference (CFDs), which means clients cannot purchase, own, or hold actual digital assets. The broker does not provide a cryptocurrency wallet, does not support deposits or withdrawals in cryptocurrencies, and does not enable any crypto-to-crypto, fiat-to-crypto, or crypto-to-fiat transactions. FP Markets holds no crypto-specific licenses or authorizations for cryptocurrency exchange or wallet services because it does not operate in this capacity, even though it operates its CFD trading business under regulation from ASIC, CySEC, FSCA, and FSA Seychelles.

eToro, Coinbase, Crypto.com and Binance are some good alternatives to FP Markets as best crypto exchanges.

FP Markets is a great broker for copy trading. It provides a proprietary copy trading platform through its mobile app, supports third-party networks like Myfxbook AutoTrade and SignalStart, allows users to copy individual traders and strategies, implements basic risk management tools including allocation sizing and stop-loss limits, and charges no additional broker fees for using the copy trading service. FP Markets is great but not excellent for copy trading because it does not offer the ability to copy portfolios or follow multi-trader portfolio products, which limits users to individual signal providers only.

FP Markets delivers copy trading through three channels: its proprietary “FP Markets Copy Trading” mobile application, Myfxbook AutoTrade integration, and SignalStart connectivity. Users can browse and follow individual traders to automatically replicate their trades in real-time, and the platform supports both copying other traders directly and subscribing to signal providers. The broker applies standard spreads and commissions to copied trades without imposing extra fees for the copy trading functionality itself, though third-party signal providers and networks may charge their own subscription or performance fees. Basic risk management controls allow traders to set allocation sizes, implement stop-loss limits, and unfollow providers to reduce exposure. The primary limitation is the absence of portfolio copying functionality, which prevents traders from following diversified multi-trader portfolios as a single product.

eToro, ZuluTrade, AvaTrade and NAGA are some good alternatives to FP Markets as best copy trading brokers. Explore other best copy trading platforms.

What are the FP Markets trading conditions?

The FP Markets trading conditions are listed below.

  • Pricing model: Standard account uses variable spreads with no commission. Raw account offers spreads from 0.0 pips plus a fixed per-lot commission. Spreads are variable and can widen during reduced liquidity or heightened volatility.
  • Order size: Minimum 0.01 lots. Maximum order size limits apply for execution efficiency, and large orders can be split into smaller trades with no single published figure.
  • Trading approaches: Hedging, scalping, and algorithmic trading are permitted, including Expert Advisors and automated systems on MetaTrader and cTrader. No specific strategy restrictions are stated.
  • Risk management: Negative balance protection prevents losses exceeding deposited funds, with stop-out levels to limit margin losses. Negative balance protection is generally available to retail clients under eligible entities, while professional clients may have more limited protections. Client funds are held in segregated accounts at top-tier banks for insolvency protection.
  • Order execution: Prices are sourced from multiple liquidity providers to support tight spreads under normal conditions. No retail-facing metrics are published on order-book depth, slippage, or spread performance during news events.
Broker
Execution model ECN/STP STP/ECN ECN/STP
Max. FX leverage 1:400 1:30 1:30
Min. FX trade size 0,01 standard lots 0,01 standard lots 0,01 standard lots
Hedging allowed Yes Yes Yes
Scalping allowed Yes Yes Yes

FP Markets applies a non-dealing-desk STP/ECN execution model. FP Markets routes orders to external liquidity providers and uses market execution to fill orders at liquidity-driven prices. FP Markets remains the principal counterparty on the CFD contract even when FP Markets uses external venues for pricing and liquidity. FP Markets keeps the same routing logic across account types and varies costs through spread-only versus raw-spread plus commission schedules. FP Markets applies best-execution standards in order handling and documents execution factors in legal materials.

FP Markets’ trade execution is strong and supported by clear performance figures. FP Markets publishes average execution-speed information and frames execution speed as a core trading condition. FP Markets does not publish a full platform-uptime statistic in the same execution section and instead emphasizes trading infrastructure and speed. FP Markets can still see spreads widen during major releases, and clients should size positions with news-driven liquidity gaps in mind.

FP Markets max leverage in the UK is up to 1:30 for retail clients and up to 1:500 for eligible professional clients, depending on the entity and jurisdiction of FP Markets. Leverage at FP Markets does not depend on Standard vs Raw accounts, but rather on client classification, the asset traded, and the jurisdiction. FP Markets applies margin requirements and a stop-out level that typically closes retail positions when equity falls to 50% of required margin.

The max leverage with FP Markets for each asset class is listed below.

  • Forex: 1:30 majors; 1:20 non-majors (pros: up to 1:500).
  • Indices: 1:20 major; 1:10 non-major.
  • Commodities: 1:20 gold; 1:10 other commodities.
  • Shares: 1:5 retail.

Learn more about Forex brokers with high leverage.

The lot sizes at FP Markets start at 0.01 lots as the minimum for Forex and many CFD instruments. The maximum lot size for Forex is 50 lots per trade. FP Markets states that each instrument can have its own maximum lot limit, and traders should check the “Specifications” window in the trading platform for those limits. FP Markets enforces a trade increment step of 0.01 lots and rounds order sizes to the permitted increment when using partial close or stealth exit features.

The types of trading orders available at FP Markets are listed below.

  • Market order
  • Limit order
  • Stop order
  • Stop-loss order
  • Trailing stop order
  • Stop-limit order

FP Markets does not offer stealth orders or rule-based automated close functions as native order types.

FP Markets has moderate slippage in normal conditions, and can show higher slippage during news and copy trading. FP Markets does not publish formal slippage statistics, and slippage information is usually inferred from user experiences rather than broker-level reporting.

Order execution speed with FP Markets is excellent at around 40 milliseconds. FP Markets uses Equinix data centres in New York and London for low-latency connectivity with liquidity providers. FP Markets processes trades with high-speed execution and minimal slippage under normal market conditions. FP Markets fills over 90% of orders in less than one second, and it supports consistent pricing and stable trading performance across forex and CFD instruments.

A public breakdown of average execution speed by asset class, instrument, or order type is not provided by FP Markets. A public distribution of execution times beyond the stated sub-one-second fill share is not published by FP Markets.

What are FP Markets account types?

The account types offered by FP Markets are listed below.

  • Standard Account: For beginner to intermediate traders who want simple pricing. Commission-free with spreads from 1.0 pip. Supports MetaTrader 4, MetaTrader 5, and cTrader. Trade forex, commodities, indices, and cryptocurrencies. Low minimum deposit; leverage depends on regulation.
  • Raw Account: For experienced traders needing tighter spreads and direct market access. Spreads from 0.0 pips plus small commission per lot. ECN-style infrastructure with faster execution and greater pricing transparency. Suitable for scalping and algorithmic trading. Same platforms and asset classes as Standard.
  • Islamic Account: For traders following Sharia principles. Mirrors Standard or Raw features but removes overnight swaps, replacing them with an administrative fee where applicable. Trading conditions, spreads, and leverage match the corresponding non-Islamic account.
  • Demo Account: Practice account with virtual funds under real market conditions. Access to all trading platforms for training, strategy development, and platform familiarization before going live.
  • Managed account: FP Markets offers a managed account (MAM) under ASIC, BVI and CySEC. The FP Markets MAM account allows unlimited sub-accounts and allows to use EAs for automated trading. Managed accounts at FP Markets are not available to UK traders.

Learn more about FP Markets account types.

General View of the Account Types on FP Markets

FP Markets’ most popular account is the Raw Account, favored for its spreads from 0.0 pips with a modest commission (USD 3 per side per lot), offering lower overall trading costs than the Standard account. FP Markets doesn’t publish usage statistics by account type.

Yes, FP Markets offers a demo account. The demo account streams real-time market prices and provides the same platform functionality available on MT4/MT5 using the same live feeds as live accounts and including the full range of instruments such as forex, indices, commodities, crypto CFDs, and stock CFDs. Users can set their virtual balance when creating the account (commonly pre-loaded with USD 100,000), and the demo does not have a fixed expiry period, though inactive accounts may be deleted after approximately 30 days of inactivity. Learn more about the FP Markets demo account.

Yes, FP Markets offers an Islamic (swap-free) account via its MetaTrader 4 and MetaTrader 5 account types. Traders must first open a standard MT4/MT5 account, then request swap-free conversion through support. FP Markets may require proof of religion (e.g., mosque letter) if your ID doesn’t state it. Trading conditions mirror regular accounts, except overnight swaps/interest are replaced by an administration fee per lot per night. Some instruments have a grace period (e.g., five nights) before fees apply. Spreads, leverage, execution, and other features remain essentially the same. Learn more about Forex brokers with Islamic account.

Yes, FP Markets offers a Professional account. To qualify, clients must meet specific criteria related to trading experience, financial portfolio size, and trade volume. Compared with a retail account, the professional account provides higher leverage limits but comes with fewer regulatory protections. Learn more about Forex brokers for professional traders.

Yes, FP Markets offers a corporate trading account for businesses and legal entities trading under a company name. It provides the same platforms, instruments, and liquidity as retail/professional accounts. The key difference: verification requires company registration documents and proof of corporate ownership; funding/withdrawals must use corporate bank accounts matching the registered company name. Availability depends on jurisdiction, as FP Markets operates under ASIC (Australia) and CySEC (Cyprus). Corporate-accounts availability and compliance requirements depend on the onboarding entity and jurisdiction.

Yes, FP Markets offers premium features via its higher-tier account types and platform options. It provides a “Pro” or “Professional” account with access to higher leverage and exclusive trading conditions. The broker provides Iress accounts with tiers such as Standard, Platinum, and Premier that require higher minimum deposits and deliver enhanced services. The premium features include tighter spreads, commission-based pricing, advanced order execution, deeper liquidity access, institutional grade tools, and custom support. Access to premium tiers depends on meeting eligibility criteria such as minimum deposit thresholds (for example, Iress Platinum and Premier require substantial capital) and account verification.

How to open an account with FP Markets?

The steps to open an account with FP Markets are listed below.

  1. Start the application: Open the live trading account page and begin the online registration form.
  2. Provide personal information: Enter full name, date of birth, email address, residential address, and a contact number.
  3. Choose the account setup: Select the account type, select the trading platform, and select the base currency, including GBP where available.
  4. Complete the questionnaire: Answer the financial and trading-experience questions used to assess suitability and product appropriateness.
  5. Submit verification documents: Upload a valid photo identity document such as a passport or driving licence and upload proof of address such as a utility bill or bank statement issued within the last three months.
  6. Complete verification review: Monitor email or portal notifications and provide any additional information requested during the document review.
  7. Fund the trading account: Log in to the client portal and deposit funds using an available method such as bank transfer, payment card, or an e-wallet.
  8. Start trading: Sign in to the chosen platform after the deposit is credited and place the first trade.

The full setup typically takes a few hours to one business day, and the largest source of variation is the time required for document checks and any follow-up review. The process is generally easy to complete, since the application is online and structured as a guided sequence of form entries and uploads. The requirements typically include providing accurate personal details, completing the questionnaire, and submitting valid identity and address documents, and funds must be added before trading can begin. A Know Your Customer process is required, and it normally includes identity verification, proof of address, and basic checks linked to anti-money laundering controls before full activation.

Broker
Minimum deposit in UK $100 $0 $0
Demo trial available Yes Yes Yes
Payment methods Wire Transfer, Credit Card, Debit Card, Ewallets Wire Transfer, Credit Card, Debit Card, Ewallets Wire Transfer, Credit Card, Debit Card, Ewallets
Islamic account availability Yes Yes Yes
Account base currencies AUD, BRL, CAD, CHF, EUR, GBP, HKD, JPY, MXN, SGD, USD, ZAR AUD, CHF, EUR, GBP, JPY, PLN, USD, ZAR AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD

FP Markets minimum deposit (UK) is USD 100 or equivalent, subject to entity and jurisdiction. This applies to both initial and subsequent deposits, and to both Standard and Raw account types. No additional payment-method minimums apply beyond the base requirement. FP Markets accepts deposits in multiple base currencies (jurisdiction-dependent), allowing funding of equivalent value. The minimum serves only as an account activation threshold and does not unlock special features or perks. Learn more about minimum deposit with FP Markets.

FP Markets offers 8 account base currencies, such as AUD, USD, EUR, GBP, SGD, HKD, JPY, CAD. The broad range of account base currencies offered at FP Markets helps traders match their account to their funding currency and reduce conversion fees.

The deposit methods supported by FP Markets are listed below.

  • Credit / Debit Cards
  • Bank Transfer / Wire Transfer
  • eWallets
  • POLi
  • BPay
  • UnionPay

The withdrawal methods supported by FP Markets are listed below.

  • Bank Wire Transfer
  • Debit Cards
  • Credit Cards
  • eWallets
  • Local Payment Methods
  • Internal Transfers

Deposits and withdrawals with FP Markets are safe for UK clients because funds are held in segregated accounts with tier-one banks, preventing the broker from using them for operations. However, FP Markets is not regulated by the FCA, which means UK customer and money protection laws may not apply. Payments are secured with SSL encryption, PCI DSS compliance, and 3-D Secure for card transactions. Withdrawals require identity verification and are returned to the original payment method to reduce fraud.

What trading platforms does FP Markets offer?

The trading platforms offered by FP Markets are listed below.

  • MetaTrader 4 (MT4): Forex/CFD trading with integrated charts, multiple order types, custom indicators, and Expert Advisors (EAs). Available on Windows/macOS (desktop), web, and iOS/Android (MetaTrader app).
  • MetaTrader 5 (MT5): Multi-asset CFD platform with expanded analytical tools, additional timeframes, and depth of market features. Available on Windows/macOS (desktop), web, and iOS/Android (MetaTrader app).
  • cTrader: Forex/CFD platform with advanced charting, configurable order tickets, and DMA-style workflow; algo trading via cAlgo. Available on Windows/macOS (desktop), web, and iOS/Android (cTrader app).
  • TradingView: TradingView connectivity for trade execution from the TradingView interface, plus extensive charting and social features. Available on web, desktop apps, and iOS/Android (TradingView app).
  • FP Markets Mobile App: FP Markets’ proprietary app for monitoring positions, executing trades, and accessing market information. Available on iOS/Android only (no dedicated desktop or web platform).
  • Iress: Advanced platform focused on DMA-style share CFD trading and richer market-data functionality, availability depends on account tier and jurisdiction.
Broker
MT4 Yes Yes Yes
MT5 Yes Yes Yes
cTrader Yes Yes Yes
TradingView Yes No Yes
Proprietary platform No Yes Yes
Copy trading platform Yes No Yes

 

General View of the Trading Platforms on FP Markets

The charting tools available at FP Markets are listed below.

  • Technical indicators: 80+ built-in indicators covering momentum, volume, volatility, and trend categories. Custom indicators and Expert Advisors on MetaTrader 4/5 via MQL4/MQL5; custom scripts/indicators on cTrader via C#.
  • Drawing tools: Trendlines, channels, Fibonacci retracements, Gann tools, pitchforks, text labels, and geometric shapes, plus magnet-style alignment and multi-point drawing on MetaTrader and cTrader.
  • Chart timeframes & history: Intervals from tick and 1-minute to monthly views for intraday and long-horizon analysis, with several years of historical data (varies by platform and asset).
  • Backtesting: MT5 Strategy Tester for automated trading workflows; cTrader backtesting and bar replay for rule-based strategy development.
  • Platforms & usability: Charting via MT4, MT5, cTrader, and Iress across desktop, web, and mobile. MT4/MT5/cTrader is available on Standard and Raw accounts, while Iress is available on Standard and Platinum tiers. Chart types include candlestick, OHLC, line, and Heikin-Ashi. Depth-of-market views in cTrader and Iress, plus multi-chart layouts, savable workspaces, alerts, and one-click trading.
  • Pricing: Charting toolset included without separate subscriptions, add-on fees, or charting-specific usage caps.

The trading tools offered by FP Markets are listed below.

  • Order types & risk controls: Market, limit, stop, and stop-limit orders; trailing stops on MetaTrader. Trade Terminal adds advanced deal management and risk workflows.
  • One-click trading: One-click chart trading on MetaTrader 4; faster execution workflows via Trade Terminal.
  • Automatic pattern recognition: cTrader includes built-in trend/pattern analytical tools; Trader Toolbox provides chart widgets for structured technical monitoring.
  • Market analytics widgets: Trader Toolbox (including Mini Terminal) plus cTrader depth-of-market and Level II pricing.
  • Copy/social trading: Social Trading for following/copying strategy providers; MetaTrader copy features for portfolio replication.
  • Algorithmic trading: MetaTrader Expert Advisors and custom scripts for rule-based automation.
  • VPS hosting: VPS for running MetaTrader with low-latency execution and continuous uptime; free VPS tied to trading volume.
  • Trading calculators: Margin, pip, and swap calculators; P&L projection via MetaTrader planning tools.
  • Market analysis tools: Integrated platform news, economic calendar, and daily market updates/analysis.
Broker
API support No cTrader API FIX API, cTrader API
EAs support Yes Yes Yes
Coding languages supported MQL4, MQL5, cAlgo, Pinescript MQL4, MQL5, cAlgo MQL4, MQL5, cAlgo, Pinescript
VPS support Yes Yes Yes

Yes, FP Markets provides a VPS (Virtual Private Server) service. FP Markets offers a VPS hosting service for MetaTrader 4, MetaTrader 5, and cTrader to support automated algorithmic trading. The VPS hosting is delivered via a partner (such as Liquidity Connect) and is located in data centres (for example, Equinix in New York) to ensure a low-latency connection to FP Markets’ trading servers.

To receive the VPS free of charge, a trader must trade at least 10 lots per month on a Standard account or 20 lots per month on a Raw account. FP Markets also requires a minimum deposit of USD 1,000 (or equivalent) to sponsor the VPS initially for newer clients. If the trader fails to meet the required monthly trading volume for two consecutive months, the free VPS subscription may be cancelled. In cases where the eligibility conditions are not met, FP Markets offers paid VPS plans via its hosting partner (e.g. plans starting from USD 35/month for a “Core” tier), with higher tiers available at higher cost. Learn more about Forex brokers with free VPS.

Yes. FP Markets offers Autochartist. FP Markets supports using Autochartist via MetaTrader 4 and MetaTrader 5 platforms, allowing users to install the Autochartist plugin or Expert Advisor. FP Markets makes Autochartist free to use for both live and demo accounts, though demo-account data may have a slight delay. Learn more about the best brokers with Autochartist.

Yes, FP Markets offers integration with TradingView. FP Markets enables clients with an active live trading account to link their account (via cTrader ID) to the TradingView platform and trade directly from TradingView. FP Markets does not embed a full TradingView terminal into its proprietary platform, but instead connects via a bridge/API integration so that the TradingView charting interface can serve as a front end to send orders to FP Markets. Traders must hold a live account with FP Markets (and the cTrader ID) and must also hold a TradingView account to link the two systems. There is no indication that FP Markets charges extra for the TradingView connection, and it does not appear to require upgrading to a paid TradingView plan (free and paid accounts can use the integration). Explore the best brokers with TradingView.

Yes, FP Markets allows algorithmic (algo) trading. Retail clients can run automated strategies and Expert Advisors (EAs) on MetaTrader 4, MetaTrader 5, and cTrader Automate, with developer resources for coding custom trading bots. FP Markets supports algorithmic trading mainly through MT4, MT5, cTrader Automate, and VPS hosting to ensure 24/7 strategy execution with low latency.

How good is FP Markets for mobile trading?

FP Markets is an excellent choice for mobile trading because it offers a proprietary FP Markets app and provides full support for MetaTrader 4, MetaTrader 5, and cTrader, all available for both Android and iOS. The mobile platforms enable trading across Forex, commodities, indices, stock CFDs, and cryptocurrency CFDs, with integrated features such as in-app deposits and withdrawals, technical indicators, drawing tools, and live market analysis.

FP Markets’ mobile solutions allow users to access over 60 forex pairs, trade a wide range of CFDs, and manage their accounts on the go. Users can benefit from instant funding and withdrawals from the app. The charting toolkit includes key technical indicators like RSI, MACD, Bollinger Bands, and moving averages, along with interactive drawing tools for trendlines and chart annotation. The app features a comprehensive market analysis section, daily trading insights, real-time news feeds, and an economic calendar. The mobile platforms do not indicate support for trading futures and options, but the range of available products and trading tools ensures a robust mobile experience.

XTB, IG Markets, Pepperstone, and AvaTrade are some of the best mobile trading apps and are good alternatives to FP Markets. Learn more about the best apps for Forex trading.

Broker
MT4 mobile Yes Yes Yes
MT5 mobile Yes Yes Yes
cTrader mobile Yes Yes Yes
Proprietary mobile app No Yes Yes

The FP Markets mobile app differs from the desktop version mainly in interface design, functionality scope, and analytical tools. The mobile app offers core trading features (real-time quotes, order execution, account management) optimized for touch and smaller screens. The desktop version provides advanced charting, algorithmic trading support, multi-screen layouts, and deeper customization for detailed technical analysis and faster execution. Mobile supports most order types and instruments, but complex trading functions and plugins are unavailable. The desktop platform allows fuller integration with expert advisors and third-party analytical tools that mobile cannot replicate. Both sync account data in real time, but the desktop provides greater control for professional traders.

How good is FP Markets to learn trading?

FP Markets is great for learning trading because it offers a comprehensive educational section, extensive training articles, video tutorials, regular live webinars, daily market analysis, and an unlimited demo account. FP Markets is great and not excellent for learning trading because it lacks cent or nano lot accounts for micro-risk practice and does not offer podcasts as part of its educational resources.

FP Markets provides a well-structured educational experience with its Trading Academy, which features step-by-step video courses covering everything from basic forex concepts to advanced trading strategies. Users benefit from a rich library of training articles, downloadable eBooks, and a Traders Hub blog with market outlooks and analysis pieces updated daily. The broker hosts frequent live webinars with market experts, allowing traders to interact in real time and access past sessions on demand. Traders can access an unlimited-duration demo account that closely matches live trading conditions, which supports a full range of instruments for practical experience. Beginners cannot use cent or nano lot accounts to practice with very small exposure, and there are no podcast offerings for on-the-go learning. Learn more about what is trading and how it works.

Broker
Webinars Yes Yes Yes
Tutorials Yes Yes Yes
Glossary Yes Yes No
Live analysis Yes Yes Yes

 

General View of the Education Resources on FP Markets

How good is FP Markets customer care?

FP Markets has an excellent customer care because it offers 24/7 multilingual support via email, phone, and live chat, includes multiple local/toll-free contact numbers, ensures high live chat responsiveness, provides website localisation in several languages, and makes all support channels free of charge for clients.

FP Markets supplies round-the-clock assistance through dedicated email addresses, a network of regional or toll-free phone numbers, and a live chat feature with high response accuracy. The broker’s support is accessible in various languages, and the website is localised to enhance user experience worldwide. Clients at higher account tiers, such as professionals, can access a Personal Account Manager for more personalised support, though all retail and standard account holders benefit from the full suite of customer care services. No fees are charged for any assistance channel, making customer care comprehensive and accessible to all users.

Broker
Support languages Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Malaysian, Portuguese, Russian, Spanish, Thai, Vietnamese Arabic, Chinese, Czech, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Polish, Romanian, Russian, Spanish, Thai, Vietnamese, Greek, Turkish, Slovak English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Thai, German, Polish
Phone support Yes Yes Yes
Email support Yes Yes Yes
Chat support Yes Yes Yes
Support hours Mon-Sun (00:00-24:00) Mon-Fri (00:00-24:00) Mon-Sun (00:00-24:00)

What are the best alternatives to FP Markets?

The best alternatives to FP Markets are Pepperstone, Admirals, and IC Markets.

  • Pepperstone: Razor account with spreads from 0.0 pips; MetaTrader, cTrader, and TradingView; strong regulation with investor compensation and negative balance protection.
  • Admirals: 3,200+ CFDs and 4,000 stocks; spread betting; commission-free accounts from 0.5 pips or Zero accounts at USD 6/lot; strict regulation, segregated funds, and negative balance protection.
  • IC Markets: Raw spreads around 0.62 pips; leverage up to 1:500; fast ECN-style execution on MT4/MT5/cTrader; supports scalping and algo trading under multi-jurisdiction regulation.

Explore the alternatives to FP Markets.



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