Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FP Markets Pros & Cons
- Trading accounts in 10 currencies;
- Licenses from 5 jurisdictions;
- Negative balance protection for retail traders;
- Account types with different approaches to trading fee calculation;
- Copy trading, hedging, scalping, and expert advisors are allowed;
- Trading platforms customized for CFD and Forex trading;
- Wide choice of payment systems for making deposits and withdrawals.
- Cent accounts are not available;
- Compensation for losses is available only to traders from the EU;
- Spreads on the Standard account are not the tightest on the market.
TU Expert Verdict
FP Markets is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of FP Markets have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
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Is FP Markets Safe?
We checked the FP Markets officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10FP Markets has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 21 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8.2 /10FP Markets offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Swap Free (Islamic) account
- Tight spread ECN account
- Micro lots are not available
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.5 /10FP Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria9.3 /10FP Markets offers a wider selection of trading assets than the market average, with over 10000 tradable assets available, including 60 currency pairs.
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Trading Account Opening
We successfully registered an account with FP Markets in 15 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FP Markets is $100.Score:We evaluated Trading Account Opening at FP Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria10 /10FP Markets received a score of 10/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10 -
Customer Support
Score:We evaluated Customer Support at FP Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6 /10
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FP Markets Video Guides
FAQs
How safe is FP Markets in terms of regulation and client protection?
FP Markets has a safety score of 10/10 and is described as having a high security level, supported by Tier-1 regulation from CySEC in Cyprus and ASIC in Australia. It also holds additional licenses from regulators in South Africa, Mauritius, Seychelles, St. Vincent and the Grenadines, and the Comoros, though these are rated Tier-2 or Tier-3 and generally do not include specific investor compensation funds. The broker was founded in 2005, applies negative balance protection, and requires KYC verification, while investor compensation up to €20,000 is specified only under CySEC.
What do reviews say about FP Markets’ commissions and fees structure?
The section rates FP Markets’ overall fee level as medium, with a score of 7/10, noting low forex trading fees, tight EUR/USD spreads, and no inactivity or deposit fees. Standard account EUR/USD spreads typically range from 0.5 to 1.1 pips, while Raw/ECN accounts show average EUR/USD spreads around 0.1 pips plus a $3 per lot commission. Non-trading fees include a 0–1% withdrawal fee depending on method, with no specified inactivity charges.
What types of trading accounts does FP Markets offer and how do they differ?
FP Markets provides several account types, including Standard, Raw/ECN, Islamic (swap-free) Standard and Raw, Iress, demo, and managed accounts, but does not offer Cent or micro accounts. Standard accounts have spreads from 1 pip with no per-lot fee and leverage up to 1:500, while Raw accounts feature near-zero spreads with a $6 per lot fee and the same maximum leverage. Islamic versions of these accounts remove swaps and limit leverage to 1:30, and the Iress account requires a $1,000 minimum deposit; activation of live accounts requires KYC verification and at least AUD 10 deposited.
Which markets and instruments can traders access with FP Markets?
According to the section, FP Markets offers over 10,000 tradable assets, including 60 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not provide options. In addition to active trading, the broker supports bonds, ETFs, copy trading, PAMM investing, and managed accounts as investment options. Futures are noted as not available beyond the listed commodity futures offering.
What feedback do users give about the FP Markets mobile apps?
The mobile apps of FP Markets for iOS and Android receive a safety score of 8/10 in this section, with strong user ratings of 4.8 on the App Store and 4.7 on Google Play and around 10,000,000 total downloads. The apps support indicators, mobile alerts, and two-factor authentication, although they are described as having more limited features compared with the desktop platforms. These points suggest generally positive user feedback on functionality and reliability within the constraints mentioned.
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