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 Trading Pros & Cons
- 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.
The FP Trading trademark is managed by FP Trading LLC registered in 2019 in St.Vincent and the Grenadines under number 126 LLC 2019. It is part of FP Trading Group with its head office in Sydney which was opened in 2005. Today, the brokerage holding firm operates using ECN (Electronic Communication Network) and DMA (Direct Market Access) technologies. It is regulated by ASIC, CMA, FSCA | South Africa, FSA | Seychelles, and FSC | Mauritius. FP Trading offers over 10,000 CFDs, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and leverage up to 1:500. The broker doesn’t provide its services to residents of the U.S. and the countries that are on sanction lists.
TU Expert Verdict
FP Trading 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.
Top-5 Brokers Traders Prefer
FP Trading User Reviews
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5-star
10%
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4-star
33%
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3-star
43%
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2-star
5%
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1-star
10%
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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 criteria8 /10The trading and non-trading commissions of FP Trading have been analyzed and rated as having Low fees, with a fees score of 8/10. 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
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FP Trading with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FP Trading’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FP Trading Standard spreads FP Trading OANDA FOREX.com EUR/USD min, pips 0.5 0.1 0.7 EUR/USD max, pips 1.1 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.2 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FP Trading RAW/ECN spreads FP Trading OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FP Trading. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FP Trading Non-Trading Fees FP Trading OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FP Trading Safe?
Score: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 /10We checked the FP Trading officeFP Trading 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 of less than 8 years
FP Trading Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 Abbreviation FSRA Full Name Financial Services Regulatory Authority Country of regulation Saint Lucia Investor Protection Fund No specific fund Regulation Level Tier-3 Abbreviation CMA (UAE) Full Name Capital Market Authority Country of regulation United Arab Emirates Investor Protection Fund No specific fund Regulation Level Tier-2 FP Trading Security Factors Foundation date 2019 Negative balance protection YesVerification (KYC) Yes -
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 Trading 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.
- Standard account with balanced trading conditions
- Swap Free (Islamic) account
- Low minimum deposit
- No Cent account
- No VIP account option
FP Trading account types vs top competitors FP Trading Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged YesNoNoFP Trading accounts trading conditions
The choice of account types at FP Trading depends on the trader’s country. Muslims can work on Islamic accounts without swaps. Standard and Raw accounts for MT4, MT5, and cTrader are available.
Account types:
Account Type Description Standard Spreads start at 1 pips and there is no fee per lot. This account type is suitable for traders with any experience who are interested in trading with leverage up to 1:500. Raw This is a professional account type with near-zero spreads. The fee is $3 per lot. Maximum leverage is 1:500. Islamic Standard It is similar to the Standard account, but there are no swaps. Leverage is reduced to 1:500. Islamic Raw This account type is similar to the Raw account, but there are no swaps. Maximum leverage is 1:500. Before opening live accounts, traders can open a demo account to check the broker’s trading conditions with virtual funds.
FP Trading has customized its trading conditions for traders from different regions and maximized the choice of platforms to satisfy clients with varied experience.
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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 methodology5.8 /10FP Trading received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FP Trading provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- Only major base currencies available
- Wise not supported
- BTC not available as a base account currency
What are FP Trading deposit and withdrawal options?
FP Trading provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Cryptocurrencies.
FP Trading Deposit and Withdrawal Methods vs Competitors FP Trading Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are FP Trading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FP Trading supports the following base account currencies: USD, EUR, GBP, PLN.
What are FP Trading's minimum deposit and withdrawal amounts?
The minimum deposit on FP Trading is $100, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FP Trading’s support team.
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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 criteria8.3 /10FP Trading offers a wider selection of trading assets than the market average, with over 10000 tradable assets available, including 60 currency pairs.
- Crypto trading
- 10000 assets for trading
- 60 supported currency pairs
- Futures not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by FP Trading with its competitors, making it easier for you to find the perfect fit.
FP Trading Trading.com Plus500 Currency pairs 60 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 10000 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products FP Trading offers for beginner traders and investors who prefer not to engage in active trading.
FP Trading Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts YesNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FP Trading 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 /10We successfully registered an account with FP Trading in 15 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FP Trading is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account approval may require extra time depending on the documentation.
FP Trading account opening FP Trading Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 15 20 KYC time (days) 2 2 3 Is FP Trading available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading with FP Trading, open an account and make a deposit. These actions are performed in the user account on the broker’s official website. Registration is standard:
Click “Start Trading” or “Open Live” buttons to fill in the registration form.
The registration process consists of 5 stages. Each of them requires certain data, including personal information, source of income, trading experience, etc. Also, enter your password to access your user account. You can make the password yourself or generate it automatically.
The user account allows you to:
Set parameters of your trading account, such as currency type, platform, account type, and leverage.
Upload scans of documents to confirm your personal data and the country of residence.
Additional features of the user account that allow you to:
- Download desktop platforms or go to their web versions;
- Make deposits or withdraw profits;
- Connect to the social trading platform;
- Use traders’ tools;
- Go to the partner portal;
- Generate a referral link;
- Quickly contact technical support.
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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 criteria8.9 /10FP Trading received a score of 8.9/10, 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.
- API access for automated trading
- One-click trading
- cTrader with advanced tools and Level II pricing
- MetaTrader is available
- Strategy (EA) Builder is not available
- No TradingView integration
- No access to a proprietary platform
Supported trading platforms
FP Trading supports the following trading platforms: MT4, MT5, cTrader, WebTrader. This selection covers the basic needs of most retail traders. We also compared FP Trading’s platform availability with that of top competitors to assess its relative market position.
FP Trading Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader YesNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey FP Trading’s trading platform features
We also evaluated whether FP Trading offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 120 Tradable assets 10000 Additional trading tools
FP Trading offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FP Trading trading tools vs competitors FP Trading Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
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 /10FP Trading supports mobile trading, offering dedicated apps for both iOS and Android. FP Trading received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Supports mobile 2FA
- Solid iOS user feedback, with a rating of 4.8/5
- Mobile alerts supported
- Fewer charting tools
We compared FP Trading with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FP Trading Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 10,000,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.8 4.8 4.7 Google Play score 4.7 4.7 4.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at FP Trading 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 /10Customer support at FP Trading is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FP Trading provides basic support functionality but does not stand out in overall service performance.
InformationCall center hours are Monday through Saturday from 07:00 to 07:00 AEDT, or Sunday through Friday from 22:00 to 22:00 GMT. Chat support is available 24/7.
- Multiple contact options
- Support is available in 12 languages
- Minor delays in chat response
Available contact methods:
- Live chat via the official website
- Phone numbers listed in the contact section
- Social media: Facebook, Twitter, LinkedIn, and Instagram
- In-person assistance at the company office
Contacts Foundation date 2019 Registration address FP Trading LLC, Euro House, Richmond Hill Road, P.O Box 2897, Kingstown, VC0100, Saint Vincent & the Grenadines. Regulation CySec, ASIC, CMA, (FSA) SAINT VINCENT, (FSRA) SAINT LUCIA, (FSCA) SOUTH AFRICA, (FSC) MAURITIUS Licence number:
371/18, 286354Official site https://www.fptrading.com/ Contacts support@fptrading.com +441224076115
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FAQs
How safe is FP Trading in terms of regulation and client protection?
FP Trading 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 UAE, 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 Trading’ commissions and fees structure?
The section rates FP Trading’ 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 Trading offer and how do they differ?
FP Trading provides several account types, including Standard, Raw/ECN, Islamic (swap-free) Standard and Raw, 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 $3 per lot fee and the same maximum leverage. Islamic versions of these accounts remove swaps and leverage to 1:500.
Which markets and instruments can traders access with FP Trading?
According to the section, FP Trading 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 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 Trading mobile apps?
The mobile apps of FP Trading 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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