FP Markets Trading Platform Review

FP Markets is a globally recognised forex and CFD broker that was 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, ensuring compliance with strict financial guidelines. FP Markets is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

Traders can access a vast selection of over 10,000 financial instruments, including forex pairs, stocks, indices, commodities, bonds, exchange-traded funds, metals, and cryptocurrencies. The broker provides various account types and execution models, catering to different trader preferences.

FP Markets supports industry-leading trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, IRESS, and TradingView, designed to meet the needs of both retail and professional customers. 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 speeds, and multilingual customer support available 24/7, FP Markets remains a popular choice among traders worldwide, including the United Kingdom.

Highlights of FP Markets

Here are five distinctive features that set FP Markets apart from other brokers:

• Multi-Regulated Broker: FP Markets is regulated by multiple financial authorities, including ASIC (Australia) and CySEC (Europe), ensuring a high level of security and compliance.
• Extensive Range of Tradable Instruments: Traders have access to over 10,000 financial instruments, including forex pairs, stocks, 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 speeds, and multiple account types.
• Strong Customer Support: FP Markets provides 24/7 multilingual customer support via live chat, email, and phone, ensuring traders receive 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, catering to diverse trading strategies and preferences. Here’s an overview of the available markets and instruments:

Forex (FX) trading

The forex market at FP Markets allows 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 USD (aprox £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

Shares (Stocks) CFDs

The shares market at FP Markets enables traders to speculate on the price movements of global stocks without owning the underlying assets. This offers flexibility and the potential for profit in both rising and falling markets.

• Two platform options for trading share CFDs and 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 stock and market; for example, US stocks have 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.

Indices CFDs

The indices market at FP Markets allows 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 presence of the local UK100 index (FTSE 100) in the tradable assets list at FP Markets. This provides exposure to a broad range of companies within a single instrument.

• Recommended platforms for indices 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.
• Zero commissions.
• Competitive margins starting from 1%.

Commodities CFDs

The commodities market at FP Markets offers traders the opportunity to speculate on the price movements of various commodities, including precious metals, energy products, and agricultural goods.

• Recommended platform for commodities trading: MetaTrader 4.
• Offers CFDs on commodities such as gold, silver, crude oil, platinum and 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

The Cryptocurrency market at FP Markets enables traders to speculate on the price movements of popular digital currencies such as Bitcoin, Ethereum, and Litecoin without owning the underlying assets. The Financial Conduct Authority (FCA) prohibits crypto derivatives for retail clients, but UK residents can access these products through FP Markets’ non-FCA regulated entities. By doing so, they waive FCA safeguards, including negative balance protection and 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

The ETF market at FP Markets provides traders with a flexible and cost-effective way to invest in a diversified portfolio of assets, such as stocks, bonds, or commodities.

• 45+ available ETFs 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, U.S. ETFs have 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

The bond market at FP Markets allows 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 primary 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 embedded within the spread, which is the difference between the buying and selling price of an asset. Standard Accounts typically feature wider spreads compared to Raw Accounts. This structure can be appealing to traders who prefer a simpler cost calculation and trade less frequently.
• Raw Account: Designed for active traders and those seeking tighter pricing, the Raw Account offers significantly reduced spreads, often near 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 be advantageous for high-volume traders as it potentially leads to lower overall trading costs.

In addition to spreads and commissions, traders may also incur swap rates (overnight fees) for positions held overnight. Non-trading fees, such as deposit and withdrawal fees, may also apply based on the 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 tightness of the spread directly impacts the cost of entering and exiting a trade. FP Markets quotes spreads in pips. The specific spread offered varies depending on the instrument (e.g., major currency pairs typically have tighter spreads than exotic pairs or less liquid assets) and the prevailing market conditions. FP Markets’ Raw accounts boast significantly tighter spreads (from 0.0 pips for forex) compared to Standard accounts (from 1.0 pips for forex).

Commissions

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

Swap Rates

Swap rates, also known as overnight funding or rollover fees, are applicable when traders hold positions open overnight. These fees are essentially interest charges (or credits) based on the interest rate differentials between the two currencies involved in a currency pair. Swap rates can fluctuate based on market conditions and the specific currency pair being traded. FP Markets provides information on applicable swap rates within its trading platform. Traders employing strategies that involve holding positions for extended periods should carefully consider the impact of swap rates 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. It is crucial for traders using swap-free accounts to understand the specific administrative fee structure associated with their account type. Admin fees are charged per lot per night and depend on the specific instrument being traded (between $1 and $15). The grace period, or how long traders can hold a position open without incurring an admin fee, also varies per instrument, but is most commonly five nights.

Non-Trading Fees

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

• Deposit Fees: While FP Markets generally aims to offer fee-free deposit options, certain payment methods might incur charges from the payment provider. Traders should verify 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 for crypto deposits are also applicable.
• Withdrawal Fees: Similar to deposits, withdrawal fees may apply depending on the chosen withdrawal method. It is important to review the withdrawal options and associated fees before initiating a withdrawal.
• Account Inactivity Fees: In some cases, brokers may 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 a range of trading styles and preferences. Whether a beginner or an experienced trader, FP Markets provides the tools necessary for a seamless 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’s perfect for 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 next generation of MT4, offering additional features like more timeframes, a built-in economic calendar, and more advanced 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 clean interface. It is especially preferred by 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, bars, line, dots, and Renko, etc.
• Level II pricing for market depth
• Available on desktop, web, and mobile

TradingView

TradingView is a sophisticated platform that combines powerful charting tools with social trading features. It’s an excellent choice for traders who enjoy sharing ideas and analysis with a global community.

Key Features:

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

These platforms ensure that FP Markets meets the needs of various traders, whether they prefer automated trading, advanced charting, or social trading features. Each platform is designed to provide seamless trading experiences with tools that help traders make informed decisions.

Mobile Trading at FP Markets

FP Markets provides robust mobile trading options, ensuring traders can manage their positions, analyse markets, and execute trades on the go. 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 & 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 for fast-paced markets.
4. Push Notifications and Alerts: Set custom alerts for price levels or economic events, keeping traders informed even when they’re not actively monitoring the markets.
5. Full Account Management: Manage deposits, withdrawals, and access trading history directly from the mobile app.

Account Types Available at FP Markets

FP Markets offers multiple account types to cater to different trading preferences and strategies. Whether a beginner looking for simplicity or an experienced trader seeking advanced features, FP Markets has an account type that fits even the most demanding needs.

Standard Account

The Standard Account is ideal for traders who prefer a simple and cost-effective solution with no commissions, but wider spreads. It’s suitable for beginners and those who wish to avoid paying fees beyond the spread.

Key Features:

• No commission on trades.
• Variable spreads starting from 1.0 pips.
• Access to all instruments (forex, commodities, stocks, etc.)
• Leverage up to 1:500 (depending on the region and regulatory guidelines).
• 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)
• Ideal for active traders and those who require low transaction costs.
• Leverage up to 1:500 (depends on the region and regulatory guidelines).
• Available on MT4, MT5, cTrader.

Islamic Account

FP Markets also offers an Islamic Account for traders who follow Sharia law, with no swaps or interest charged on overnight positions. This account type 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 rates or interest charges (in line with Islamic law)
• Available on MT4, MT5.

Demo Account

The Demo Account allows traders to practice trading with virtual funds, making it an excellent choice for beginners or those testing new strategies. The demo account is fully functional, mirroring live market conditions.

Key Features:

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

FP Markets’ account types are designed to offer flexibility and choice to traders of all experience levels. Whether a beginner or an experienced trader, FP Markets provides the tools for all traders to take advantage of all market conditions.

Customer Support Available at FP Markets

FP Markets offers comprehensive customer support to ensure traders have access to assistance when they need it. With multiple contact channels and a team available to help with various inquiries, FP Markets aims to provide high-quality, responsive service to its users.

1. Support Channels:

   • Live Chat: Available 24/5 for immediate assistance, allowing traders to get quick responses to their questions.
   • Email Support: Traders can contact support via email for more detailed enqquiries or issues that require follow-up.
   • Phone Support: FP Markets offers phone support during working hours, ensuring that traders can 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, ensuring that traders from different regions can communicate with ease.
3. Operating Hours:
   Customer support is available 24/5, with extended hours for major market sessions. While weekends are excluded, the support team ensures traders’ needs are met during business days.
4. Customer Support Experience with FP Markets:
   Traders generally express positive experiences with FP Markets’ customer support. The support team is frequently described as responsive and professional. Notably, the live chat service stands out for its quick response times and effectiveness in addressing queries. While email support may take a bit longer, the responses are typically detailed and provide thorough solutions. Customers also appreciate the multilingual support and the team’s capability to assist with both technical concerns and account-related issues.

Regulatory Background and Compliance

FP Markets operates under multiple regulatory frameworks, providing traders with confidence that their funds are managed with the highest standards of security and transparency. The broker is committed to compliance with global financial regulations to maintain a safe trading environment.

Regulators and Licences:

FP Markets is regulated by top-tier 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 the 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, providing a secure and transparent trading environment for all 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 consider 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 under the CySEC-regulated entity (EU) receive protection under EU regulations, such as:

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, this feature protects clients from falling into a negative balance and owing money to the broker.

Segregated Client Accounts

FP Markets ensures that client funds are held in segregated accounts, separate from the company’s own operational funds. This means that, in the unlikely event of the broker facing financial difficulty, client funds remain protected and are not used to cover any operational losses.

Investor Compensation

FP Markets participates in investor compensation schemes where applicable. This provides an additional layer of security to 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 ensures that all client data is protected 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 logging into accounts or making 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 swift execution speeds, enhancing 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 its customer support during peak trading hours and occasional delays in withdrawals.

Reasons for Positive Feedback:

• Competitive pricing with tight spreads on Raw accounts.
• Wide selection of trading instruments, including forex, stocks, indices, and commodities.
• Regulatory security with oversight from respected authorities like ASIC, CySEC, and FSCA.
• Good customer service with multilingual support, catering to traders in English and other languages.
• Reliability of platforms like 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 during critical trading periods.

Summary:

Overall, UK traders tend to be satisfied with FP Markets due to its transparency, competitive conditions, and variety of trading options. While there are occasional concerns about the speed of withdrawals and support responsiveness during busy times, the majority of users find the platform reliable and easy to use.