FP 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 or real crypto, and it does not accept residents of the US.
FP 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 or real crypto, and it does not accept residents of the US.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 language. 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.
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
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 at First Prudential Markets Ltd and First Prudential Markets Limited, and a hybrid model at First Prudential Markets Pty Ltd (Australia). It 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 forex, stocks, indices, commodities, digital currencies and ETFs, plus bonds at First Prudential Markets Pty Ltd (Australia) and First Prudential Markets Limited (Seychelles). 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. Maximum retail leverage on major forex pairs ranges from 30:1 to 500:1, depending on the FP Markets company that holds your account. Professional clients can access up to 500:1 at First Prudential Markets Pty Ltd (Australia), which also offers VIP services and the Iress platform, with the top-tier Iress Premier requiring a 50,000 AUD minimum for institutional-grade execution.
Yes, FP Markets is a legitimate broker. Founded in 2005 as First Prudential Markets, it is headquartered in Sydney. Its companies are authorised or licensed by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the FSA (Seychelles), and the group also holds licences in South Africa and Kenya. The privately held firm has operated continuously for more than two decades, serves a large global client base, and has won industry awards including “double win” recognition in the Online Money Awards.
The advantages of FP Markets are listed below.
- Regulation and Security: First Prudential Markets Ltd is authorised by CySEC and First Prudential Markets Pty Ltd is licensed by ASIC; all three companies that hold client accounts keep client funds in segregated accounts.
- 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, cTrader and TradingView, plus Iress at First Prudential Markets Pty Ltd (Australia), 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 Trading Options: Offers copy trading at First Prudential Markets Limited (Seychelles), allowing traders to follow or copy professional strategies, which enhances accessibility for novices; it is not offered by First Prudential Markets Ltd and First Prudential Markets Pty Ltd (Australia).
- Transparency and Reliability: Maintains clear fee structures and transparent pricing, with a non-dealing-desk execution model at First Prudential Markets Ltd and First Prudential Markets Limited.
The disadvantages of FP Markets are listed below.
- Restricted Countries: FP Markets does not accept residents of 16 countries, including the US, Belgium, Russia and Iran.
- Asset Limits: Real shares, real crypto and real ETFs are not offered. Share CFDs are the only way to trade equities, and Iress is offered only by First Prudential Markets Pty Ltd (Australia).
- Fees: First Prudential Markets Ltd (CySEC) charges fees on withdrawals by Neteller, Skrill, PayPal and international bank transfer, and First Prudential Markets Limited (Seychelles) charges an inactivity fee. At First Prudential Markets Pty Ltd (Australia), the Iress platform has fees for clients who do not trade actively, which can make it less attractive for casual, lower-balance traders.
- Research and Education: Cent and nano lot accounts and podcasts are not offered.
Is FP Markets regulated?
Yes, FP Markets is regulated. Its companies are authorised by CySEC in Cyprus, the FSA in the Seychelles and the FSCA in South Africa, and licensed by ASIC in Australia and the CMA in Kenya. Client funds are held in segregated accounts at First Prudential Markets Ltd, First Prudential Markets Pty Ltd and First Prudential Markets Limited, and retail clients of all three have negative balance protection. Investor compensation depends on the company: clients of First Prudential Markets Ltd are covered by an investor compensation scheme up to €20,000, while First Prudential Markets Pty Ltd and First Prudential Markets Limited have no compensation scheme.
The FP Markets companies are listed below.
- First Prudential Markets Ltd: CySEC (Cyprus)
- First Prudential Markets Pty Ltd: ASIC (Australia)
- First Prudential Markets Limited: FSA (Seychelles)
- FP Markets (Pty) Ltd: FSCA (South Africa)
- FP Markets Limited: CMA (Kenya)
- FP Markets Ltd: registered as a company in Saint Lucia, without a financial licence
| Broker |
 |
 |
 |
|---|---|---|---|
| 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 |
Yes, FP Markets is legal in the countries it accepts, through the FP Markets company that serves each area. Residents of the EU open their account with First Prudential Markets Ltd, authorised by CySEC (licence 371/18), and residents of Australia with First Prudential Markets Pty Ltd, licensed by ASIC (AFSL 286354). Residents of the other accepted countries open their account with First Prudential Markets Limited, authorised by the FSA in the Seychelles (licence SD130). FP Markets also serves clients in South Africa through FP Markets (Pty) Ltd, authorised by the FSCA (FSP 50926), and clients in Kenya through FP Markets Limited, licensed by the CMA (licence 193). CFDs on forex, indices, commodities, shares, ETFs and cryptocurrencies are offered by First Prudential Markets Ltd, First Prudential Markets Pty Ltd and First Prudential Markets Limited, and bond CFDs by First Prudential Markets Pty Ltd and First Prudential Markets Limited; share dealing, real ETFs and spread betting are not offered. The companies regulated in the EU and Australia apply the leverage caps set by their regulators, such as 30:1 on major forex pairs for retail clients. Each licence can be verified on the register of its regulator, using the company name or the licence number above.
No. FP Markets has no company registered in the United States and does not accept US residents. Explore the best Forex brokers in US.
Is FP Markets safe?
FP Markets holds client funds in segregated accounts at First Prudential Markets Ltd, First Prudential Markets Pty Ltd and First Prudential Markets Limited. Clients of First Prudential Markets Ltd are covered by an investor compensation scheme for 90% of the claim, up to €20,000, which pays out if the firm fails and does not cover trading losses; First Prudential Markets Pty Ltd and First Prudential Markets Limited have no compensation scheme. Retail clients of all three companies have negative balance protection and an automatic 50% margin stop-out. FP Markets does not offer insurance on client money beyond the compensation scheme. Security includes SSL encryption (e.g., 128-bit on MT4) and optional 2FA in the Client Portal.
| Broker |
|
|
|
|---|---|---|---|
| Segregated client funds | Yes | Yes | Yes |
| Negative balance | Yes | Yes | Yes |
| Investor compensation scheme | Yes | Yes | Yes |
| Founded in | 2005 | 2006 | 2010 |
| Publicly traded | No | No | No |
The risks with the broker FP Markets are listed below.
- Leverage risk: Retail leverage on major forex pairs reaches 500:1 at First Prudential Markets Limited (Seychelles). Higher leverage magnifies both gains and losses; at the companies regulated in the EU and Australia retail leverage is capped at 30:1.
- CFD complexity: CFDs are derivatives without asset ownership. 74.56% of retail investor accounts lose money when trading CFDs with FP Markets. Positions can move rapidly against traders, and overnight financing charges accumulate, eroding profitability over time.
- Counterparty risk: FP Markets is the counterparty on the CFD contract, so clients depend on the broker honoring its 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 | 72.9% 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): Global equity CFDs (US, UK, Europe, Hong Kong, Australia). 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. The companies regulated in the EU and Australia offer them with leverage up to 2:1, and First Prudential Markets Limited up to 5:1. Minimum trade: usually 1 lot, which prevents micro-position trading (varies by asset).
- Bonds (CFDs): Government bond CFDs from major economies, offered by First Prudential Markets Pty Ltd (Australia) and First Prudential Markets Limited (Seychelles), not by First Prudential Markets Ltd. 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 | Yes (CFDs) | Yes (CFDs) | Yes (CFDs) |
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 excellent on its Raw (ECN-style) account, which averages about 0.10 to 0.19 pips on EUR/USD plus a per-lot commission. Spreads are high on its Standard account, which averages about 1.20 to 1.29 pips on EUR/USD with all costs included. The FP Markets US500 spread is excellent at about 0.25 points. The FP Markets XAU/USD spread is good at about $0.24 to $0.25, depending on the company.
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); share CFDs vary by exchange, from $0.02 per share ($2 minimum) on US shares to 0.20% of trade value on Hong Kong shares.
- Overnight fee: Variable swap and financing rates; triple charge on Wednesdays.
- Currency conversion fee: charged by First Prudential Markets Ltd and First Prudential Markets Pty Ltd when the trade currency differs from the account currency.
- Inactivity fee: charged by First Prudential Markets Limited (Seychelles).
- Withdrawal fees: First Prudential Markets Ltd (CySEC) charges fees on withdrawals by Neteller, Skrill, PayPal and international bank transfer.
- Iress platform fees: at First Prudential Markets Pty Ltd (Australia), some Iress tiers carry platform fees if activity thresholds are not met.
FP Markets doesn’t charge deposit fees. First Prudential Markets Ltd and First Prudential Markets Pty Ltd don’t charge an inactivity fee, and First Prudential Markets Pty Ltd and First Prudential Markets Limited don’t charge withdrawal fees.
| Broker |
|
|
|
|---|---|---|---|
| Overnight fees | Yes | Yes | Yes |
| Inactivity fee | No | Yes | No |
| Deposit fees | No | No | No |
| Withdrawal fees | Yes | No | No |
| Currency conversion fee | Yes | Yes | Yes |
Yes, FP Markets charges good raw commissions on 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) | 1.20 pips | 1.43 pips | 1.10 pips |
| Avg. EUR/USD spread (raw) | 0.10 pips | 0.43 pips | 0.10 pips |
| Commission/lot | $6.00 Round Turn | $7.00 Round Turn | $7.00 Round Turn |
| All-in FX cost | $7.00 | $11.30 | $8.00 |
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..
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.
- US shares: $0.02 per share ($2 minimum per transaction).
- UK shares: 0.10% of trade value per side.
- EU shares: 0.10% of trade value per side.
- Hong Kong shares: 0.20% of trade value per side.
- Australian shares: 0.05% of trade value per side (AUD 5 minimum), at First Prudential Markets Pty Ltd and First Prudential Markets Limited.
High-volume/VIP traders may receive discounted rates based on monthly turnover thresholds. If the share currency differs from your account base currency, First Prudential Markets Ltd and First Prudential Markets Pty Ltd apply 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. Real stocks and real cryptocurrencies are not offered.
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 share CFDs across major exchanges (ASX, NYSE, NASDAQ, LSE, Xetra, HKEX) with DMA pricing via Iress at First Prudential Markets Pty Ltd (Australia) and competitive commissions (ASX 0.05%/side at First Prudential Markets Pty Ltd and First Prudential Markets Limited, 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, at First Prudential Markets Limited (Seychelles); it is not offered by First Prudential Markets Ltd and First Prudential Markets Pty Ltd (Australia). The broker offers 12 cryptocurrency CFDs (BTC, ETH, XRP) with pricing throughout the trading week 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 tools such as Trading Central, plus Autochartist at First Prudential Markets Pty Ltd (Australia) and First Prudential Markets Limited (Seychelles).
The broker allows algo scalping, hedging including dedicated hedge mode on MT4 and MT5, shorting across all CFD instruments, and, except at First Prudential Markets Pty Ltd (Australia), 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. FP Markets also offers API access 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 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 because the Raw ECN account charges a commission of $6 round turn per lot on top of 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 mobile app. Traders have access to complete analytical resources including the Sentiment Trader tool, multiple drawing tools, technical indicators and an economic calendar. The Raw ECN account’s commission is $6 round turn per lot, charged on top of the raw spread.
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 provides share CFD access to stocks across major global exchanges including ASX, NYSE, NASDAQ, LSE, Xetra/Frankfurt and HKEX, 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 $2 minimum. It does not offer fractional CFDs as its DMA structure requires a minimum of 1 CFD per 1 share. It lacks a proprietary desktop or web platform built in-house. Its analysis tools are limited with no stock screener or earnings calendar available.
FP Markets provides share CFD trading with commissions that differ by market. Australian share CFDs are charged 0.05% per side at First Prudential Markets Pty Ltd and First Prudential Markets Limited, while US stocks carry $0.02 per share with a $2 minimum. This makes the overall commission level competitive in some regions but variable across exchanges. The broker grants access to stock CFDs on major exchanges, including 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 offered by all three FP Markets companies that hold client accounts, and DMA pricing through Iress is offered only by First Prudential Markets Pty Ltd (Australia). 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.
Real stock trading is not offered by FP Markets: no FP Markets company offers direct, exchange-cleared stock dealing. FP Markets provides share trading only through CFDs (contracts for difference), so clients cannot purchase, hold, or trade real stocks on any exchange, and they speculate on price movements without owning the underlying securities or holding shareholder voting rights.
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 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 (crypto CFDs not offered to retail clients of its UK company), NAGA, Pepperstone, and AvaTrade are some good alternatives to FP Markets as best CFD crypto brokers.
Real crypto trading is not offered by FP Markets: no FP Markets company offers real cryptocurrency trading. FP Markets provides cryptocurrency exposure only through CFDs (contracts for difference), so clients cannot purchase, own, or hold actual digital assets. FP Markets provides no cryptocurrency wallet, no deposits or withdrawals in cryptocurrencies and no crypto-to-crypto, fiat-to-crypto or crypto-to-fiat transactions, and it holds no licence for cryptocurrency exchange or wallet services.
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. Copy trading is offered only by First Prudential Markets Limited (Seychelles), not by First Prudential Markets Ltd or First Prudential Markets Pty Ltd (Australia).
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 by instrument, and large orders can be split into smaller trades.
- Trading approaches: Hedging, scalping, and algorithmic trading are permitted, including Expert Advisors and automated systems on MetaTrader and cTrader. Latency arbitrage, price scraping and sniping are prohibited, and high-frequency trading is not allowed at First Prudential Markets Pty Ltd (Australia).
- Leverage: Maximum retail leverage on major forex pairs ranges from 30:1 to 500:1, depending on the FP Markets company that holds your account.
- Risk management: Negative balance protection prevents losses exceeding deposited funds, with stop-out levels to limit margin losses. It applies to retail clients of First Prudential Markets Ltd, First Prudential Markets Pty Ltd and First Prudential Markets Limited, while professional clients may have more limited protections. Client funds are held in segregated accounts.
- Order execution: Prices are sourced from multiple liquidity providers to support tight spreads under normal conditions. Spreads can widen during news events.
| Broker |
|
|
|
|---|---|---|---|
| Execution model | ECN/STP | STP/ECN | ECN/STP |
| Max. FX leverage | 1:30 | 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 at First Prudential Markets Ltd and First Prudential Markets Limited, and a hybrid execution model at First Prudential Markets Pty Ltd (Australia). 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, with an average execution speed of 40 to 48 milliseconds depending on the company. FP Markets can still see spreads widen during major releases.
FP Markets’ maximum leverage for retail clients on major forex pairs is 30:1 at its companies regulated in the EU and Australia, and up to 500:1 at First Prudential Markets Limited, authorised by the FSA (Seychelles).
The table showing the leverage and the protections of each FP Markets company is shown below.
| If you live in | Your account is with | Max retail leverage (major forex / crypto) | Investor compensation | Negative balance protection |
|---|---|---|---|---|
| the EU | First Prudential Markets Ltd (CySEC) | 30:1 / 2:1 | up to €20,000 | yes |
| Australia | First Prudential Markets Pty Ltd (ASIC) | 30:1 / 2:1 | none | yes |
| other accepted countries | First Prudential Markets Limited (FSA) | 500:1 / 5:1 | none | yes |
| the US and 15 other countries | not accepted | |||
The max leverage with FP Markets for each asset class is listed below.
- Forex: 30:1 on major pairs and 20:1 on other pairs at the companies regulated in the EU and Australia; up to 500:1 and 500:1 at First Prudential Markets Limited.
- Indices: 20:1 on major indices and 10:1 on other indices at the companies regulated in the EU and Australia; up to 200:1 and 200:1 at First Prudential Markets Limited.
- Commodities: 20:1 on gold and 10:1 on other commodities at the companies regulated in the EU and Australia; up to 500:1 and 500:1 at First Prudential Markets Limited.
- Shares: 5:1 at the companies regulated in the EU and Australia; up to 20:1 at First Prudential Markets Limited.
- Cryptocurrencies: 2:1 at the companies regulated in the EU and Australia; up to 5:1 at First Prudential Markets Limited.
Professional clients can access up to 500:1 at First Prudential Markets Pty Ltd. Leverage at FP Markets does not depend on Standard vs Raw accounts, but rather on the company, the client classification and the asset traded. FP Markets applies margin requirements and a stop-out level that typically closes retail positions when equity falls to 50% of required margin. Higher leverage magnifies both gains and losses.
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. 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.
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
- Take-profit order
FP Markets does not offer stealth orders or rule-based automated close functions as native order types.
FP Markets provides no slippage statistics. During news releases and periods of low liquidity, orders can fill at prices different from those requested.
Order execution speed with FP Markets is excellent at around 40 milliseconds on average at First Prudential Markets Ltd, and good at around 48 milliseconds at First Prudential Markets Pty Ltd (Australia) and around 48 milliseconds at First Prudential Markets Limited (Seychelles). FP Markets uses Equinix data centres in New York and London for low-latency connectivity with liquidity providers. 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.
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 the FP Markets company that holds the account.
- 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. Offered by First Prudential Markets Pty Ltd and First Prudential Markets Limited, not by First Prudential Markets Ltd.
- 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) at First Prudential Markets Limited (Seychelles); it is not offered by First Prudential Markets Ltd and First Prudential Markets Pty Ltd (Australia). The FP Markets MAM account allows unlimited sub-accounts and the use of EAs for automated trading.
Learn more about FP Markets account types.
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.
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 at First Prudential Markets Pty Ltd (Australia) and First Prudential Markets Limited (Seychelles); it is not offered by First Prudential Markets Ltd. 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. At First Prudential Markets Pty Ltd (Australia), clients who qualify as professional can access up to 500:1, in exchange for fewer protections (for example, no negative balance protection required by the regulator). First Prudential Markets Ltd and First Prudential Markets Limited treat clients as retail only, and First Prudential Markets Limited already offers up to 500:1 to retail clients. 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. Corporate accounts are offered by First Prudential Markets Ltd, First Prudential Markets Pty Ltd and First Prudential Markets Limited.
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. First Prudential Markets Pty Ltd (Australia) 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.
- Start the application: Open the live trading account page and begin the online registration form.
- Provide personal information: Enter full name, date of birth, email address, residential address, and a contact number.
- Choose the account setup: Select the account type, select the trading platform, and select the base currency.
- Complete the questionnaire: Answer the financial and trading-experience questions used to assess suitability and product appropriateness.
- 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.
- Complete verification review: Monitor email or portal notifications and provide any additional information requested during the document review.
- 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.
- 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 | $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 | No | Yes | Yes |
| Account base currencies | EUR, USD | AUD, CHF, EUR, GBP, JPY, PLN, USD | GBP, USD, EUR, CHF |
FP Markets minimum deposit is USD 100 or equivalent at First Prudential Markets Ltd and First Prudential Markets Limited, and USD 0 at First Prudential Markets Pty Ltd (Australia). 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 the base currencies of the company that holds the account, 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 up to 11 account base currencies, depending on the company: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD and USD at First Prudential Markets Pty Ltd; AUD, CAD, CHF, EUR, GBP, HKD, JPY, PLN, SGD and USD at First Prudential Markets Limited; EUR and USD at First Prudential Markets Ltd.
The deposit methods supported by FP Markets are listed below.
- Credit / Debit Cards
- Bank Transfer / Wire Transfer
- eWallets: Neteller and Skrill, plus PayPal at First Prudential Markets Ltd and First Prudential Markets Pty Ltd
- 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 because funds are held in segregated accounts at First Prudential Markets Ltd, First Prudential Markets Pty Ltd and First Prudential Markets Limited. Investor compensation depends on the company: an investor compensation scheme covers clients of First Prudential Markets Ltd up to €20,000, while First Prudential Markets Pty Ltd and First Prudential Markets Limited have no compensation scheme. 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, offered by First Prudential Markets Pty Ltd (Australia), with availability depending on account tier.
| Broker |
|
|
|
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | Yes | Yes | Yes |
| cTrader | Yes | Yes | Yes |
| TradingView | Yes | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| Copy trading platform | No | Yes | Yes |
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. Offered only by First Prudential Markets Limited (Seychelles).
- 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 | Yes | 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 at First Prudential Markets Pty Ltd (Australia) and First Prudential Markets Limited (Seychelles); it is not offered by First Prudential Markets Ltd. FP Markets supports Autochartist via MetaTrader 4 and MetaTrader 5 platforms, allowing users to install the Autochartist plugin or Expert Advisor, and 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. FP Markets charges nothing extra for the TradingView connection, and both free and paid TradingView 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.
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 | Yes | 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 | No | Yes |
| Tutorials | Yes | Yes | Yes |
| Glossary | Yes | Yes | Yes |
| Live analysis | Yes | Yes | Yes |
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, Indonesian, Italian, Korean, Malaysian, Portuguese, Spanish, Thai | Arabic, Chinese, Czech, English, French, German, Hungarian, Indonesian, Italian, Korean, Malaysian, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese | Arabic, Chinese, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese |
| 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; negative balance protection at all its companies and investor compensation at its companies regulated in the UK and the EU.
- Admirals: 8,000 instruments; commission-free accounts from 0.5 pips or Zero accounts at USD 6/lot; segregated funds and negative balance protection.
- IC Markets: Raw spreads from about 0.01 to 0.1 pips plus a $7 round-turn commission; fast ECN-style execution on MT4/MT5/cTrader; supports scalping and algo trading.
Explore the alternatives to FP Markets.
