FP Markets Trading Platform Review

FP Markets is a globally recognised Forex and CFD broker, established in 2005. It has built a strong reputation by offering a diverse range of financial instruments, advanced trading platforms and competitive trading conditions.

FP Markets Contact Information

The broker operates under multiple regulatory frameworks and must comply with strict financial requirements. FP Markets is regulated by authorities including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

Traders can access a broad selection of over 10,000 financial instruments, including Forex pairs, shares, indices, commodities, bonds, exchange-traded funds, metals and cryptocurrencies. The broker provides various account types and execution models to suit different trading preferences.

FP Markets supports established trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, IRESS and TradingView, designed to meet the needs of both retail and professional clients. The broker also offers social trading and copy-trading features, along with a virtual private server (VPS) service for MT4, MT5 and cTrader, enabling traders to run automated algorithmic strategies.

With competitive spreads starting from 0.0 pips on Raw accounts, fast execution and multilingual customer support available 24/7, FP Markets remains a popular choice among traders worldwide, including those in the United Kingdom.

Highlights of FP Markets

Here are five key features of FP Markets:

• Multiple Regulatory Licences: FP Markets is regulated by multiple financial authorities, including ASIC (Australia) and CySEC (Europe), with strict requirements for security and compliance.
• Extensive Range of Tradable Instruments: Traders have access to over 10,000 financial instruments, including Forex pairs, shares, indices, commodities, bonds, ETFs, metals and cryptocurrencies.
• Advanced Trading Platforms: The broker supports MT4, MT5, cTrader, TradingView and IRESS, catering to beginners and professionals.
• Competitive Trading Conditions: Tight spreads starting from 0.0 pips on Raw accounts, fast execution and multiple account types.
• Comprehensive Customer Support: FP Markets provides 24/7 multilingual customer support via live chat, email and phone, so traders can access assistance when needed.

Advantages and Disadvantages of Trading with FP Markets

Instruments Available for Trading with FP Markets

FP Markets offers a comprehensive range of financial instruments to suit different trading strategies and preferences. The following is an overview of the available markets and instruments:

Forex (FX) Trading

FP Markets provides access to the Forex market, allowing traders to buy and sell currency pairs with competitive spreads and commissions. Traders can access major, minor and exotic currency pairs, enabling a wide range of trading strategies.

• Offers access to over 70 currency pairs, including major, minor and exotic pairs.
• Provides competitive spreads starting from 0.0 pips on Raw accounts.
• Commission of $3 (approximately £2.25) per side, per standard lot, on Raw accounts.
• Standard accounts are available with spreads from 1.0 pips and no commission.

Average Forex Spread at FP Markets

Share (Stock) CFDs

Share CFDs at FP Markets enable traders to speculate on the price movements of global shares without owning the underlying assets. This offers flexibility and the potential to profit in both rising and falling markets.

• Two platform options for trading share CFDs, also known as stock CFDs: IRESS (Direct Market Access share CFDs) and MT5.
• Offers CFDs on over 10,000 shares from major global exchanges, including London, Hong Kong, Paris, Frankfurt, Madrid, Amsterdam, New York and Nasdaq.
• Commission rates vary by share and market; for example, US shares carry a commission of $0.02 per share with a minimum charge of $2 per side.
• Provides access to a wide range of sectors, including technology, aviation, tourism, finance and healthcare.

Index CFDs

Index CFDs at FP Markets allow traders to speculate on the performance of major global indices, such as the S&P 500, Nasdaq 100 and DAX 40. UK traders may also appreciate the inclusion of the domestic UK100 index (FTSE 100) among the available instruments. Index CFDs provide exposure to a broad range of companies within a single instrument.

• Recommended platforms for index trading: MetaTrader 4, MetaTrader 5 and WebTrader.
• Offers CFDs on 15 major global indices, including the FTSE 100, S&P 500, Nasdaq 100 and DAX 40.
• Spreads are variable and depend on the specific index and market conditions.
• No commission.
• Competitive margin requirements starting from 1%.

Commodity CFDs

FP Markets provides access to the commodities market, allowing traders to speculate on the price movements of various commodities, including precious metals, energy products and agricultural goods.

• Recommended platform for commodity trading: MetaTrader 4.
• Offers CFDs on commodities such as gold, silver, crude oil, platinum, palladium, base metals, coffee, natural gas, soybeans, corn and wheat.
• Spreads are variable and depend on the specific commodity and market conditions.
• No separate commission is charged.

Cryptocurrency CFDs

Cryptocurrency CFDs at FP Markets enable traders to speculate on the price movements of popular digital currencies such as Bitcoin, Ethereum and Litecoin without owning the underlying assets. The FCA prohibits the sale of crypto derivatives to retail clients, but UK residents can access these products through FP Markets’ non-FCA-regulated entities. These accounts do not provide FCA safeguards, including FCA-mandated negative balance protection, or access to compensation of up to £85,000 under the Financial Services Compensation Scheme.

• Offers CFDs on major cryptocurrencies, including Bitcoin, Ethereum and Litecoin.
• Spreads are variable and depend on the specific cryptocurrency and market volatility.
• No commission is charged on cryptocurrency CFDs.

ETF CFDs

CFDs on the ETF market at FP Markets provide traders with a flexible and cost-effective way to gain exposure to a diversified portfolio of assets, such as shares, bonds or commodities.

• 45+ ETFs available with leverage of 1:5.
• Offers CFDs on a variety of ETFs, including those tracking indices, commodities and sectors.
• Commission rates vary by ETF and market; for example, US ETFs carry a commission of $0.02 per share with a minimum charge of $2 per side.
• Provides exposure to a broad range of asset classes within a single instrument.

Bond CFDs

Bond CFDs at FP Markets allow traders to speculate on the price movements of government and corporate bonds, providing opportunities to profit from interest rate changes and economic events.

• Offers CFDs on US and European government bonds.
• Spreads are variable and depend on the specific bond and market conditions.
• No separate commission is charged.

Trading Costs at FP Markets

At FP Markets, trading costs vary depending on the account type and instrument traded. The broker offers competitive spreads and low commissions, making it a cost-effective choice for traders. There are two main account types: the Standard account, which has no commission and wider spreads, and the Raw account, which offers tight spreads but charges a commission per trade.

• Standard Account: This account type operates on a commission-free basis. The primary cost is included in the spread, which is the difference between the buying and selling prices of an asset. Standard accounts typically have wider spreads than Raw accounts. This structure may appeal to traders who prefer simpler cost calculations and trade less frequently.
• Raw Account: Designed for active traders and those seeking tighter pricing, the Raw account offers significantly lower spreads, often close to interbank rates. However, this account type charges a commission per trade, typically a fixed amount per lot traded. The combination of tight spreads and transparent commissions can benefit high-volume traders by potentially lowering their overall trading costs.

In addition to spreads and commissions, traders may incur swap charges (overnight financing) on positions held overnight. Non-trading fees, such as deposit and withdrawal fees, may also apply depending on the payment method used.

Spreads

As mentioned, the spread is the difference between the bid (selling) price and the ask (buying) price of a financial instrument. The size of the spread directly affects the cost of entering and exiting a trade. FP Markets quotes spreads in pips. The spread varies depending on the instrument (for example, major currency pairs typically have tighter spreads than exotic pairs or less liquid assets) and prevailing market conditions. FP Markets’ Raw accounts offer significantly tighter spreads (from 0.0 pips for Forex) than Standard accounts (from 1.0 pips for Forex).

Commissions

Commissions are fixed fees charged by the broker for each trade executed. They are typically calculated per lot traded (£2.25 per side, per standard lot) and are the primary cost associated with Raw accounts. The commission structure is transparent and allows traders to calculate this portion of their trading costs directly. Standard accounts, as previously noted, do not charge commissions.

Swap Rates

Swap rates determine the overnight financing charges or credits, also known as rollover fees, that apply when traders hold positions open overnight. For currency pairs, these are based on the interest rate differential between the two currencies involved. Swap rates can fluctuate depending on market conditions and the specific currency pair being traded. FP Markets provides information on applicable swap rates within its trading platforms. Traders whose strategies involve holding positions for extended periods should carefully consider the impact of swap charges on their overall profitability. Live swap rates are available on the MT4, MT5 and cTrader platforms.

Administrative Fees on Swap-Free Accounts

For traders who adhere to Sharia law, FP Markets offers swap-free accounts. Two options are available: Standard and Raw Islamic accounts. While these accounts do not incur traditional swap charges, they may be subject to administrative fees or other charges to compensate for the interest costs incurred by the broker. Traders using swap-free accounts should understand the specific administrative fee structure for their account type. Administrative fees are charged per lot, per night, and range from $1 to $15 depending on the instrument traded. The grace period, or how long traders can hold a position open without incurring an administrative fee, also varies by instrument but is most commonly five nights.

Non-Trading Fees

In addition to the direct costs of executing trades, traders may incur non-trading fees. These can include:

• Deposit Fees: While FP Markets generally aims to offer fee-free deposit options, certain payment methods may incur charges from the payment provider. Traders should check the fee structure for their chosen deposit method. The broker will cover international bank transfer fees (up to $50) for deposits greater than $10,000. Blockchain fees also apply to cryptocurrency deposits.
• Withdrawal Fees: As with deposits, withdrawal fees may apply depending on the chosen payment method. Traders should review the withdrawal options and associated fees before requesting a withdrawal.
• Account Inactivity Fees: Some brokers charge an inactivity fee if an account remains dormant for a prolonged period. FP Markets does not charge an inactivity fee.

Trading Platforms Available at FP Markets

FP Markets offers a wide selection of trading platforms designed to suit different trading styles and preferences. These provide tools for beginners and experienced traders alike, supporting a consistent trading experience across various devices.

Available Platforms at FP Markets:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• cTrader
• TradingView

These platforms are accessible on desktop, web and mobile, giving traders the flexibility to trade from virtually anywhere.

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is a widely used platform known for its simplicity and advanced trading tools. It may suit traders who prefer a straightforward approach but still want powerful features.

Key Features:

• 3 chart types, 9 timeframes and 24 analytical objects
• Automated trading with Expert Advisors (EAs)
• Fast order execution and one-click trading
• Available on desktop, web and mobile

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is the successor to MT4, offering additional features such as more timeframes, a built-in economic calendar and enhanced charting tools.

Key Features:

• 21 timeframes, 8 order types
• Multi-asset trading (including Forex, indices, commodities and cryptocurrencies)
• Built-in economic calendar
• Available on desktop, web and mobile

cTrader

cTrader is a feature-rich platform known for its advanced charting, fast order execution and clear interface. It is particularly popular with traders looking for a modern, professional trading environment.

Key Features:

• Advanced charting with over 50 indicators
• Broad range of timeframes, from 1-minute to monthly; several chart types, including candlestick, bar, line, dot and Renko
• Level II pricing showing market depth
• Available on desktop, web and mobile

TradingView

TradingView is a sophisticated platform that combines powerful charting tools with social trading features. It may suit traders who enjoy sharing ideas and analysis with a global community.

Key Features:

• Advanced charting with 400+ built-in indicators, 15+ chart types and customisable timeframes
• Real-time data, news and market analysis
• Large social trading community of over 50 million traders worldwide, sharing ideas, analysis and strategies
• Trading directly from charts

These platforms cater to a range of trading preferences, including automated trading, advanced charting and social trading. Each is designed to provide a smooth trading experience, with tools that help traders make informed decisions.

Mobile Trading at FP Markets

FP Markets provides a range of mobile trading options, allowing traders to manage their positions, analyse markets and execute trades on the move. The broker supports mobile trading through the popular platforms MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and TradingView, all of which are available as mobile apps for both iOS and Android devices.

Key Features of Mobile Trading:

1. Real-time data and quotes: Access live market data, monitor positions and track price movements from anywhere.
2. User-friendly interface: The mobile apps offer an intuitive interface, making it easy to place trades, manage accounts and analyse markets.
3. One-touch trading: Execute orders with a single tap, making mobile trading efficient, especially in fast-moving markets.
4. Push notifications and alerts: Set custom alerts for price levels or economic events to stay informed without actively monitoring the markets.
5. Full account management: Manage deposits and withdrawals and access trading history directly from the mobile app.

Account Types Available at FP Markets

FP Markets offers multiple account types to suit different trading preferences and strategies. The range caters to beginners looking for simplicity as well as experienced traders seeking advanced features to meet more demanding requirements.

Standard Account

The Standard account may suit traders who prefer a simple and cost-effective option with no commissions but wider spreads. It is suitable for beginners and those who prefer to pay dealing costs through the spread rather than separate commissions.

Key Features:

• No commission on trades.
• Variable spreads starting from 1.0 pips.
• Access to all instruments (Forex, commodities, shares, etc.).
• Leverage up to 1:500 (depending on the region and regulatory requirements).
• Available on MT4, MT5 and cTrader.

Raw Account

The Raw account is designed for traders who prioritise tight spreads and are comfortable with commission-based pricing. This account offers access to raw spreads directly from liquidity providers, with a small commission per trade.

Key Features:

• Tighter spreads starting from 0.0 pips.
• Commission-based pricing (£2.25 per side, per standard lot).
• Suited to active traders and those who require low transaction costs.
• Leverage up to 1:500 (depending on the region and regulatory requirements).
• Available on MT4, MT5 and cTrader.

Islamic Account

FP Markets also offers an Islamic account for traders who follow Sharia law, with no swap charges or interest on overnight positions. This option is available for both Standard and Raw accounts.

Key Features:

• Spreads from 1.0 pips and no commissions for Standard Islamic accounts.
• Spreads from 0.0 pips and £2.25 commission per lot each way for Raw Islamic accounts.
• No swap charges or interest (in line with Islamic law).
• Available on MT4 and MT5.

Demo Account

The demo account allows traders to practise trading with virtual funds, making it useful for beginners or those testing new strategies. The demo account is fully functional and mirrors live market conditions.

Key Features:

• Access to real-time market data.
• Virtual funds for practice.
• Available on MT4, MT5 and cTrader.
• Suited to testing strategies and platform features without risking real funds.

FP Markets’ account types are designed to offer flexibility and choice to traders of all experience levels. The broker provides tools to help beginners and experienced traders alike respond to opportunities across different market conditions.

Customer Support Available at FP Markets

FP Markets offers comprehensive customer support so traders can access assistance when they need it. With multiple contact channels and a team available to help with a range of enquiries, the broker aims to provide high-quality, responsive service.

1. Support Channels:

   • Live chat: Available 24/5 for immediate assistance, allowing traders to receive quick responses to their questions.
   • Email support: Traders can contact support by email for more detailed enquiries or issues that require follow-up.
   • Phone support: FP Markets offers phone support during working hours, allowing traders to speak directly with a customer service representative if needed.
2. Languages Supported:
   FP Markets offers customer support in multiple languages, including English, German, Spanish, French, Italian, Arabic, Chinese and more, helping traders from different regions communicate with ease.
3. Operating Hours:
   Customer support is available 24/5, with extended hours for major market sessions. Support is unavailable at weekends, but the team is on hand to assist traders during the working week.
4. Customer Support Experience with FP Markets:
   Traders generally report positive experiences with FP Markets’ customer support. The team is frequently described as responsive and professional. The live chat service receives particular praise for its quick response times and effectiveness in addressing queries. Email support may take a little longer, but responses are typically detailed and offer thorough solutions. Customers also appreciate the multilingual support and the team’s ability to assist with both technical and account-related issues.

Regulatory Background and Compliance

FP Markets operates under multiple regulatory frameworks, with standards governing the security and transparency of client fund management. The broker is committed to complying with financial regulations across its jurisdictions to support a secure trading environment.

Regulators and Licences:

FP Markets is regulated by authorities including ASIC (Australian Securities and Investments Commission), CySEC (Cyprus Securities and Exchange Commission), FSCA (Financial Sector Conduct Authority), FSA (Financial Services Authority) in Seychelles, SCB (Securities Commission of The Bahamas) and FSCM (Financial Services Commission of Mauritius).

Parent Company and Headquarters:

• Parent company: First Prudential Markets Pty Ltd
• Headquarters: Sydney, Australia
• Additional offices: Cyprus (European presence), South Africa, Seychelles

FP Markets complies with the requirements of these regulatory authorities to support a secure and transparent trading environment for its clients.

What This Means for Traders:

FP Markets adheres to strict regulatory standards set by ASIC, CySEC, FSCA, FSA, SCB and FSCM. UK traders should bear in mind that FP Markets is not an FCA-regulated broker, so UK-specific protections such as investor compensation under the FSCS do not apply.

Client Security at FP Markets

Accounts held with the CySEC-regulated entity (EU) benefit from protections under EU regulations, including:

Negative Balance Protection

FP Markets offers negative balance protection to its retail clients. This safeguard ensures that traders cannot lose more money than they have deposited in their accounts. In the event of extreme market volatility or sudden price movements, it protects clients from being left with a negative balance and owing money to the broker.

Segregated Client Accounts

FP Markets holds client funds in segregated accounts, separate from the company’s own operational funds. This arrangement is designed to protect client funds if the broker faces financial difficulties and prevents them from being used to cover operational losses.

Investor Compensation

FP Markets participates in investor compensation schemes where applicable. These provide an additional layer of protection for clients if the broker is unable to meet its financial obligations.

Additional Security Features

• SSL Encryption for Secure Data Transmission
  All sensitive information, such as personal details and financial transactions, is transmitted using 256-bit SSL encryption. This high level of encryption helps protect client data from cyber threats.
• Two-Factor Authentication (2FA)
  To further secure accounts, FP Markets offers two-factor authentication (2FA), adding an extra layer of protection when clients log in or make withdrawals.

What UK Traders Say About FP Markets

UK traders on Trustpilot generally commend FP Markets for its responsive customer service and user-friendly trading platform. Many appreciate the competitive spreads and fast execution, which enhance their trading experience.

Trustpilot Rating:

As of August 2025, FP Markets has an overall Trustpilot rating of 4.9/5 stars based on several thousand reviews. Most users praise the broker for its fast execution and low spreads, which are important features for active traders. However, like many brokers, FP Markets receives some negative feedback, particularly concerning customer support during peak trading hours and occasional withdrawal delays.

Reasons for Positive Feedback:

• Competitive pricing with tight spreads on Raw accounts.
• Wide selection of trading instruments, including Forex, shares, indices and commodities.
• Regulatory oversight from respected authorities such as ASIC, CySEC and FSCA, which offers reassurance to traders.
• Good customer service with multilingual support, catering to traders in English and other languages.
• Reliability of platforms such as MT4, MT5 and cTrader.

Reasons for Negative Feedback:

• Delayed withdrawals: A few traders have reported that their withdrawal requests take longer than expected, though these complaints are not widespread.
• Support delays: During periods of high market activity, some traders have noted slower response times from customer support, which can be frustrating at critical trading moments.

Summary:

UK traders tend to be satisfied with FP Markets because of its transparency, competitive trading conditions and range of trading options. While there are occasional concerns about withdrawal times and support responsiveness during busy periods, most users find the platform reliable and easy to use.