FP Markets Review

Is FP Markets a Trusted Forex Broker?

In this updated FP Markets review 2025, we assess the broker across the fivekey  criteria we use for our FX Trust Score Index™; regulation, security of funds, customer support, online reputation and trading conditions. FP Markets has been operating since 2005 and is a fairly recognised name in the forex industry. 

While FP Markets offers competitive pricing and 24/7 support, traders should review the full details below before registering and funding a trading account. Read on to gain further insights.

Introduction to FP Markets: A Brief Overview

FP Markets (First Prudential Markets) is a well-established Australian broker providing CFD trading to clients worldwide. Founded in 2005, the company has since expanded into multiple regions, earning several industry awards for transparency and service quality.

The broker supports a strong range of trading platforms, maintains no inactivity fees, and provides round-the-clock multilingual customer support. However, certain premium tool, such as the advanced Iress trading platform, are unavailable to traders in some jurisdictions, depending on local regulation. Trader should always take note of which entity they are registering with – this can be clarified with client support.

Is FP Markets safe?

Licensing and Regulation

FP Markets is regulated in multiple jurisdictions and is authorised by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA).

This combination of top-tier and offshore regulation provides a strong degree of assurance for clients prioritisng fund protection and a secure trading environment. Traders are encouraged to confirm which entity they are registered under, as protection levels differ by region. For example, Seychelles does not offer the high level of client protection offered by CySEC.

Security of Funds & Protection

Client funds are held in segregated bank accounts to ensure they are held separately from the broker’s operating capital. FP Markets is also a member of CySEC’s Investor Compensation Fund (ICF), which provides traders with cover up to €20,000 in the event the broker cannot meet its financial obligations.

ASIC regulation enforces strict compliance and under the CySEC entity, eligible clients are covered by the Investor Compensation Fund (ICF). These layers do not remove trading risk, but they do add important safeguards around custody and insolvency events as well as a clear path to dispute resolution if needed.

The FP Markets Trading Platforms

FP Markets offers an extensive platform choice designed to suit all trader types. Clients can choose from MetaTrader 4 (MT4) and MetaTrader 5 (MT5), cTrader and TradingView, which is known for its powerful charting features.

For professional traders, the Iress and Mottai platforms (available under ASIC), offering advanced functionality and direct market access. Traders who prefer flexibility can also use WebTrader for browser-based trading or the mobile apps for iOS and Android.

FP Markets’ Trading Assets

FP Markets provides access to a broad selection of CFDs spanning multiple asset classes, including, 60+ forex pairs (majors, minors and exotic), hundreds of global global stocks, 15 indices and over 200 ETFs. It also offers trading on popular cryptocurrencies.

This diverse mix allows FP Markets traders to build balanced portfolios, though the crypto offering remains modest compared with some other competitors.

Trading Conditions at FP Markets

Spreads & Commissions

FP Markets is transparent about its fee structure across its different account types.

• Standard MT4/MT5 accounts: spreads from 1.1 pips, commission-free.
• Raw MT4/MT5 accounts: spreads from 0.0 pips with a commission of $6 USD / €5.5 EUR per round turn.

We noticed that there are no added fees on CFDs for indices, shares, commodities or crypto, as costs are included within the spread.

Leverage

Leverage levels depend on jurisdiction and where clients are resident. Under ASIC’s product-intervention rules, retail caps are 1:30 (major FX), 1:20 (minors/gold/major indices), 1:10 (commodities & minor indices), 1:5 (shares) and 1:2 (crypto). Professional or offshore accounts have the ability to access a leverage of up to 1:500, subject to eligibility.

Traders should be aware that whilst high leverage has the potential to multiply returns,  it is important to be prudent for risk management purposes. Always learn how leverage works before applying it. In many cases brokers allow the removal or adjustment of leverage from within your client area.

FP Markets’ Customer Support

One of FP Markets’ strongest features is its 24/7 multilingual support. Clients can reach the broker via phone, email, or live chat at any time. Outside peak hours, clients have the option to reach out to a live chatbot, which is very good for handling basic, FAQ-style enquiries. Time to response is very good and agents were polite and helpful. In general, live chat is a good channel to get quick answers to common questions. 

The FXTS Verdict: Is FP Markets a Trusted Broker?

FP Markets is a credible and regulated broker that offers 24/7 client support and a clear fee model for its trading accounts. Cons are that the product depth is not as broad as competitors, fund protections vary according to license and some premium tools (Iress/Mottai) are locked to specific regions.

In our independent review for 2025, FP Markets earned an overall total of 53% in our FX Trust Score Index™, reflecting stronger regulation under ASIC/CySEC, reasonable fund protections, 24/7 support, good platform offering and competitive pricing. A good balance for traders who want to trade on familiar platforms, with tight spreads, provided they are clear about which entity they are using and the protections that come with it.

This review was freshly updated on the 22nd November 2025 by FX Trust Score.