FP Markets review - Regulations, Trading Platforms and instruments, Pros and Cons.

3.129 • 142 REVIEWS
First Prudential Markets Also FPMarkets.eu
Updated: Mar 22, 2023

5 star review by safyu90, Sweden

Registered with FP markets almost a year ago. They offer lowest spreads compared to other brokers. Platform and execution super fast. Easy and fast deposits and withdrawals. wide range of products including Cryptos. Satisfied with FPmarkets ! overall good experience

What is FP Markets?

FP Markets is a forex broker established in 2005 and regulated by ASIC (Australia), CySEC (Cyprus), and the FSCA (South Africa).  It is also registered with the SVGFSA (St Vincent and Grenadines).

FPMarkets offers offers popular MT4 and MT5 trading platforms with added support for Autochartist plugin and FX Blue addons. FP Market Social Trading portal for passive copy-trade investors is fully compatible with MT4.

Australian traders focused on the stock market would be pleased with Iress DMA trading platform with charting by TradingView. Both MetaTrader and Iress have mobile trading apps. FP Markets offers its own mobile app as well.

There are over 10,000 trading and investment instruments offered by this broker including over 8,000 stock shares available with Iress, and over 70 forex currency pairs, cryptocurrencies, commodities, precious metals and indices as MetaTrader CFDs.

FP Markets analytics consists of a daily and weekly technical analysis reports and fundamental analysis folder covering current world economics events. YouTube channel has an extensive archive of the trading education videos.

Please read FP Markets Reviews below and share live trading experiences with this broker.

February 2020 - January 2021:  Multiple accounts have spammed the FPA's forums for FPMarkets.  The first account involved in this incident has IP overlaps with FP Markets representatives as well as many of the later accounts involved in the incident.  CLICK HERE to see some of what was posted.

March-August 2021:  More FP Markets multis have continued to spam non-commercial areas of the FPA's forums.  Some of their posts have been added to the thread linked in the previous paragraph.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 2005
Address: Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia
Contact: support@fpmarkets.com, +61 (0)2 8252 6800
Regional offices:
Regulators: ASIC #ABN 16 112 600 281, AFS 286354, CySEC #371/18, SVGFSA #126 LLC 2019, FSCA # FSP 50926
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader, IRESS
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (70+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities, Futures, ETF

Trading Conditions

Hedge: βœ… Yes
EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
PAMM: βœ… Yes
Copy Trading: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
Withdrawal Methods: VISA, MasterCard, FasaPay, Neteller, Ngan Luong, PayPal, PayTrust88, Skrill
3.129 • 142 REVIEWS

Traders Reviews

Indonesia, Indonesia,
Feb 25, 2023,
Registered user

The Spread, Commission, Trade Execution, and Withdrawal Process Is Good

Service use: Live Length of use: 0-3 Months
The spread and commission is one of the lowest, check on myfxbook.com. Trade execution is good.

I have received my withdrawal funds less than 2 hours, even though today (sunday) is not a business day.
1 trader has found this review helpful
SOUTH OF KOREA, Korea, Republic of,
Feb 22, 2023,
Registered user

The service of FP Markets is very good.

Service use: Live Length of use: 0-3 Months
The service of FP Markets is very good. The time of the deposit and withdrawal service is very fast, and in addition to the withdrawal of $10,000 or more, the amount before that can be withdrawn very quickly. They are friendly, and even though they do withdrawals every day, withdrawals can be made within 1 day, in some cases, within a few hours. The spreads are small, and I like the 1:500 leverage.
cairo, Egypt,
Feb 7, 2023,
Registered user

cant withdraw my money

Service use: Live Length of use: 3-6 Months
stay away from these broker
my account number 8305565
still now i try to withdraw my money from more than 1 month ago and till now i cant withdraw it and when i contact them tell me
Dear Ahmed,
"Please be advised that we are awaiting a response from our PSP" and after that till me "We are still waiting for the PSP to release the funds" and now till me "PSP is preparing to release the funds back to us. We should have an update very soon" and till now i dont take my money
by the way these case happened from 10th of January and i cant access my account or withdraw my money
although i lost 81000$ with them and till now i cant take my money
Reply by FP_Markets submitted Feb 14, 2023:
Dear Ahmed Mliga,

We sincerely apologize for any inconvenience you may have experienced.

Kindly note that our Payment Service Provider required further information from you in order to release the funds to us and that this was outside of our control.

According to the email we have sent to you, the funds have been released by the PSP and returned back to you.

At FP Markets, customer satisfaction is something we strive to continuously improve on to ensure all clients receive the assistance they require.

Kind regards,
FP Markets
Bratislava, Slovakia,
Feb 2, 2023,
Registered user

this broker not pay to clients

Service use: Live Length of use: 3-6 Months
My experience with this broker is horrible , they has problems with processimg withdrawal in relevant promise time period ... They dont know .... 1st day withdrawal by Crypto , 2nd day change withdrawal by CARDS , I deposit only by Crypto to this broker ...

Very bad experience with this broker ...
Reply by FP_Markets submitted Feb 7, 2023:
Dear Client,

Thank you for your review.

I regret that we provided you with a poor customer experience, it is the exact opposite of what we pride ourselves on.
Furthermore, to the withdrawal request, we do apologize for the inconvenience caused and inaccuracy. Please be informed that the funds have been processed accordingly and most likely you have already received the funds.

In conclusion, I would like to thank you for bringing this to our attention. It will help us improve our operations and services.

Best regards,
FP Markets
London, United Kingdom,
Jan 20, 2023,
Registered user

One of best broker

Service use: Live Length of use: 6-12 Months
The spread are very low
Deposit gbp instantly
Withdraw takes 1-2days and support are very active. What do want more from a broker like this one?
QC, Canada,
Dec 28, 2022,
Registered user

Excellent support and trading and witdrawal

Service use: Live Length of use: over 1 Year
Been with them for several years and everything is excellent.
I have no complain at all
1 trader has found this review helpful
Brasil, Brazil,
Dec 22, 2022,
Registered user

Not a true ECN broker

Service use: Other Length of use: 0-3 Months
I come here again, in yet another broker, to warn investors to stay away!

This broker says they are ECN, but when asked in the chat, they inform that "they execute the order in the ECN pricing model, but that not all orders are traded like that and in some cases, they are counterparty".

In short, they will identify you, where you are from, your trading model and your money. and then they'll decide whether you'll stay in A Book or B Book. And they can change that at their discretion.

That simple.

At least they were honest in answering.

But I would advise not to open an account with this broker for obvious reasons: they will be the counterparty in your operation if they want, without prior notice! If you win, they lose. If they win, you lose.
1 trader has found this review helpful
Reply by FP_Markets submitted Dec 27, 2022:
Dear Guilherme,

Thank you for your review.

Acting as a principal to your trades, we are your sole counterparty. This arrangement allows you to access prices streamed from our liquidity providers to us that would typically not be available to you.

When you trade with us, you are trading with FP Markets as a principle to your trades, this is the case with most Forex and CFD providers. We do not interfere with orders and we source all our prices from external unrelated liquidity providers via an ECN or directly, these prices are then passed onto you with no dealing desk intervention.
Details of potential conflicts of interest can be found in our Conflicts of interests here; https://www.fpmarkets.com/wp-content/themes/fptheme/int/assets/pdf/FP-MARKETS-LLC-SUMMARY-OF-CONFLICTS-OF-INTEREST.pdf

Furthermore, we would like to hear your opinion once you have a genuine trading experience with FP Markets, on a live account.

Do not hesitate to contact us should you need any further clarification.

Kind Regards,
FP Markets
Spain, Spain,
Dec 13, 2022,
Registered user

Always problems and delays with the withdrawals

Service use: Live Length of use: 6-12 Months
They always have excuses for withdrawals, they always ask for the same one and another time you request, and of course days are passing without your own money

Very bad experience!
Reply by FP_Markets submitted Dec 19, 2022:
Dear Client,

Thank you for your review.

We regret to hear that you had an unpleasant experience while trading with FP Markets.

Please be informed that due to our withdrawal and AML policies If you used only one depositing method, for example, a credit/debit card, you will need to withdraw the initial deposit back to the same account. Therefore, you can withdraw your profits via bank transfer.

In addition, the information can be found on our website at the following section here: https://www.fpmarkets.com/funding/withdraw-funds/

If there are any other issues that need to be addressed, now or in the future, please do not hesitate to contact us.

Best regards,
FP Markets
United Arab Emirates, United Arab Emirates,
Dec 13, 2022,
Registered user

A prime example of a unethical/scam Broker

Service use: Live Length of use: 0-3 Months
With several years of experience in trading, I still made the mistake of trusting FPMarkets as a broker.
I traded a considerable amount of lots with them, before I requested a withdrawal to Neteller.
They subtracted the full Neteller deposit fees before sending me the funds back, together with a email,
stating: I have miss used the system.
With this rather unpleased surprise, I started asking around in my traders community about the experience with
It turned out, that others made the same or similar disturbing experiance with this broker.

Needless to say, that I will never trade with them again.

We as traders have a choice, and there are other reputable brokers out there.....FPMarkets is NOT ONE OF THEM.
1 trader has found this review helpful
Reply by FP_Markets submitted Dec 19, 2022:
Dear Client,

Thank you for your review.

Kindly note that we acted according to the FP Markets Client Agreement which you signed/validated when you accepted our Terms and Conditions and entered into a business relationship with us.

You can find the Client Agreement in the list of Legal Documents here: https://www.fpmarkets.com/legal-documents/ "Clause 1.1 Abusive trading".

We have conclusive evidence that your account was engaging in abusive trading practices and therefore we had to suspend your account and refund your initial deposit. Our team provided you with an official reply addressing your concerns and explained in great detail how the account was engaged with abusive practices.

If you have any further questions, please don’t hesitate to let us know.

Kind Regards,
FP Markets
cairo, Egypt,
Dec 9, 2022,
Registered user

good company

Service use: Other Length of use: over 1 Year
i am with the company for 5 year , i think it's from the best til now , good spread ,stable platform , very good customer service , fast deposit and withdrawing.
Page 1 of 15

Frequently Asked Questions

Is FP Markets a good broker?

Unbiased traders reviews on ForexPeaceArmy is the best way to answer if FPMarkets is a good broker. https://www.forexpeacearmy.com/forex-reviews/10476/fp-markets-review.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent FP Markets community discussions: https://www.forexpeacearmy.com/community/tags/fpmarkets.

Is FP Markets regulated?

FP Markets Pty Ltd is regulated in 3 countries:
  • Australia: By the Australian Securities and Investments Commission (ASIC) under an Australian Financial Services Licence (AFSL) 286354.
  • Cyprus: By the Cyprus Securities and Exchange Commission (CySEC) under license 371/18.
  • South Africa:  By the Financial Sector Conduct Authority (FSCA) under license FSP 50926.

What does FP Markets trade?

FP Markets offers a number of assets to trade with, including:
  • Forex
  • CFDs
  • Equities
  • Precious metals
  • Commodities
  • Indices
  • Cryptocurrency CFDs

What is the minimum deposit for FP Markets?

The minimum deposit to open an account from FP Markets is AUD100 or equivalent for all types of MT4 and MT5 accounts.