FP Markets Review

FP Markets has been trading since 2005, which makes it one of the longer-established names in retail forex and CFDs. Over twenty years it has built its offering around two ideas: keep raw pricing genuinely raw, and give traders more than one way to reach the market. The result is a broker with an unusually wide platform list and a share-trading route most CFD houses do not attempt.

Pricing is split into two simple tiers. The Standard account bundles the broker's cost into the spread, starting from 1.0 pips with no commission. The Raw account quotes from 0.0 pips and charges roughly $3 per lot per side instead. Both open at a $100 minimum deposit, which is a refreshing change from brokers that reserve their best pricing for larger balances.

The distinguishing feature is Iress ViewPoint, which provides direct-market-access share trading alongside the CFD business. Add MT4, MT5, cTrader and TradingView on Raw accounts, plus a catalogue of more than 10,000 instruments, and FP Markets covers a broader set of workflows than most mid-size competitors.

At a glance: founded 2005; $100 minimum on both Standard and Raw; spreads from 1.0 pips (Standard) or 0.0 pips (Raw); commission around $3 per lot per side on Raw only; MT4, MT5, cTrader, TradingView (Raw) and Iress ViewPoint; 10,000+ instruments across eight asset classes; leverage up to 1:500 on offshore entities and 1:30 for ASIC retail clients.

Costs come in two shapes at FP Markets, and which one applies is decided when you pick the account rather than when you trade. The Standard account is spread-only from 1.0 pips. The Raw account quotes from 0.0 pips and charges around $3 per lot per side, so a round turn costs roughly $6 per lot on top of a near-zero spread.

Reference figures for retail accounts (not live quotes): EUR/USD from 0.0 pips on Raw or 1.0 pips on Standard; GBP/USD around 0.3 pips plus commission on Raw; USD/JPY around 0.2 pips; AUD/USD around 0.3 pips; XAU/USD around 1.2 pips and widening around US data. Spreads widen in volatile or thin markets and differ by entity and platform.

Non-trading costs to check: overnight financing charged daily on leveraged positions, with swap-free options possible in supported regions; currency conversion where trade and account currency differ; deposits generally free from FP Markets' side, though your payment provider may charge; standard withdrawals generally free, though bank or intermediary charges may apply; and a possible inactivity fee after a prolonged dormant period.

Two things distort comparisons if you skip them. Commission on the Raw account is charged per side, so a round trip is roughly double the per-side figure. And Iress ViewPoint share dealing uses a different cost structure from MetaTrader CFD trading, so price the two separately.

FP Markets is a group of separately licensed companies rather than a single regulated firm. The entity that onboards you sets your leverage cap, product access and the protections you can rely on.

That distinction is the single most important thing to check before funding. An ASIC retail client trades at a maximum of 1:30 with negative balance protection and a formal complaints route; a client onboarded by an offshore entity may access up to 1:500 under a materially lighter framework.

FP Markets operates through several separately licensed companies. The entity that opens your account — Australian, Cypriot, Seychelles, South African or another group company — determines your leverage cap, product access, investor protections and complaint route. Always check the legal entity named in your client agreement.

Risks worth reading twice: CFDs are leveraged products and a high proportion of retail accounts lose money; leverage depends on your entity; compensation schemes, negative balance protection and complaint routes vary sharply between group companies; overnight financing accumulates and can exceed the opening spread and commission combined; and product or platform availability is not universal.

Account opening is fully online. You register, pick your account type and platform, complete identity verification and the suitability questionnaire, then fund the account. Verification is a regulatory requirement and the account is not fully usable until it clears.

The choice made at this stage matters more than most traders expect: your account type fixes your cost structure, and your country determines which entity — and therefore which leverage cap — applies to you.

The steps in order: register online with your email, country of residence and personal details; choose Standard (spread from 1.0 pips) or Raw (from 0.0 pips plus around $3 per lot per side), both opening at $100; select your platform, with TradingView execution available on Raw and Iress ViewPoint as a separate DMA route; verify your identity with government photo ID and proof of address; complete the suitability assessment honestly, as answers can affect the leverage and products offered; then fund from $100 and test the platform in demo before committing size.

Funding covers the standard retail routes — bank transfer, cards and supported e-wallets — with availability depending on region and entity. Deposits are generally free from FP Markets' side. Withdrawals are normally returned to the original funding source for anti-money-laundering reasons and are generally free for standard methods, though intermediary banks can charge and international transfers add settlement delay. Several major account base currencies are supported; match your account currency to your funding currency where possible. Third-party payments are not accepted — funds must come from an account in your own name.

Deposits and withdrawals are processed through the methods FP Markets supports for your region. Withdrawals normally return to the method used to deposit.

Platform choice is FP Markets' most distinctive feature. Rather than pushing a proprietary terminal, it supports the major third-party platforms and adds a professional share-dealing route on top.

That means you can keep an existing MetaTrader workflow, move to cTrader for depth-of-market and algorithmic work, execute directly from TradingView charts on a Raw account, or trade shares with direct market access through Iress ViewPoint — all inside the same broker relationship.

MetaTrader 4 remains the established standard for expert advisors and custom indicators, on both Standard and Raw. MetaTrader 5 adds broader instrument coverage, more timeframes and a built-in economic calendar, though MT4 expert advisors do not transfer directly. cTrader adds depth-of-market data, fast order entry and cAlgo automation, which pairs naturally with Raw pricing. TradingView execution is available on Raw accounts, subject to your entity. Iress ViewPoint is a distinct route with exchange-style order routing and its own funding and cost structure.

Mobile trading runs through the official MT4, MT5 and cTrader apps rather than a proprietary terminal. The apps are mature and familiar but carry the usual mobile MetaTrader limits — restricted charting and no expert-advisor execution — so treat mobile as a position-management tool and enable biometric locking and two-factor authentication on the account portal. Browser access through MetaTrader WebTrader and cTrader web is close to desktop for order entry, while serious charting and automation still belong on desktop.

Tooling leans on the platforms rather than a bespoke research suite: Traders Toolbox and MetaTrader add-on packages, cTrader depth of market, TradingView charting with execution, Iress ViewPoint market data, an economic calendar with market commentary, and automation support through expert advisors, cAlgo and possible VPS options.

FP Markets lists more than 10,000 instruments across eight asset classes, which puts it near the top of the mid-size broker field for breadth. The mix covers currency traders and multi-asset traders without requiring a second account elsewhere.

Product availability depends on your entity and jurisdiction. Digital currency exposure in particular is restricted or unavailable in several regions.

Coverage: 70+ forex pairs across majors, minors and crosses; share CFDs with broad international coverage; direct-market-access share dealing through Iress ViewPoint; major index benchmarks including the NASDAQ 100 and S&P 500; metals; energy and soft commodities; government bond exposure via CFDs; ETFs alongside share products; and digital currencies in supported jurisdictions only.

Tooling for FP Markets has not yet been verified in detail.

FP Markets has been trading since 2005, which makes it one of the longer-established names in retail forex and CFDs. Over twenty years it has built its offering around two ideas: keep raw pricing genuinely raw, and give traders more than one way to reach the market. The result is a broker with an unusually wide platform list and a share-trading route most CFD houses do not attempt.

Pricing is split into two simple tiers. The Standard account bundles the broker's cost into the spread, starting from 1.0 pips with no commission. The Raw account quotes from 0.0 pips and charges roughly $3 per lot per side instead. Both open at a $100 minimum deposit, which is a refreshing change from brokers that reserve their best pricing for larger balances.

The distinguishing feature is Iress ViewPoint, which provides direct-market-access share trading alongside the CFD business. Add MT4, MT5, cTrader and TradingView on Raw accounts, plus a catalogue of more than 10,000 instruments, and FP Markets covers a broader set of workflows than most mid-size competitors.

At a glance: founded 2005; $100 minimum on both Standard and Raw; spreads from 1.0 pips (Standard) or 0.0 pips (Raw); commission around $3 per lot per side on Raw only; MT4, MT5, cTrader, TradingView (Raw) and Iress ViewPoint; 10,000+ instruments across eight asset classes; leverage up to 1:500 on offshore entities and 1:30 for ASIC retail clients.

FP Markets scores strongly on cost and platform choice. The Raw account's 0.0 pip starting spread with a roughly $3 per side commission is competitive against any raw-pricing rival, and unlike many brokers it does not gate that pricing behind a larger deposit — $100 opens either tier. Five platform routes, including TradingView execution on Raw, is more choice than most competitors offer.

It suits: cost-sensitive active traders who want raw pricing without a large minimum deposit; traders who need a specific platform (MT4, MT5, cTrader or TradingView execution); multi-asset traders who want direct-market-access shares alongside FX; algorithmic traders running expert advisors or cAlgo strategies; and traders who want an ASIC-regulated entity with a $100 entry point.

It suits less well: beginners who prefer one guided proprietary platform over five choices; traders who want commission-free raw spreads, since the Raw account charges per side; high-frequency traders who intend to use the Standard account, where spreads start at 1.0 pips; traders who need high leverage while remaining under a 1:30 retail cap; and anyone in a jurisdiction where the product range is materially restricted.

FP Markets is a group of separately licensed companies rather than a single regulated firm. The entity that onboards you sets your leverage cap, product access and the protections you can rely on.

That distinction is the single most important thing to check before funding. An ASIC retail client trades at a maximum of 1:30 with negative balance protection and a formal complaints route; a client onboarded by an offshore entity may access up to 1:500 under a materially lighter framework.

FP Markets operates through several separately licensed companies. The entity that opens your account — Australian, Cypriot, Seychelles, South African or another group company — determines your leverage cap, product access, investor protections and complaint route. Always check the legal entity named in your client agreement.

Risks worth reading twice: CFDs are leveraged products and a high proportion of retail accounts lose money; leverage depends on your entity; compensation schemes, negative balance protection and complaint routes vary sharply between group companies; overnight financing accumulates and can exceed the opening spread and commission combined; and product or platform availability is not universal.

Costs come in two shapes at FP Markets, and which one applies is decided when you pick the account rather than when you trade. The Standard account is spread-only from 1.0 pips. The Raw account quotes from 0.0 pips and charges around $3 per lot per side, so a round turn costs roughly $6 per lot on top of a near-zero spread.

Reference figures for retail accounts (not live quotes): EUR/USD from 0.0 pips on Raw or 1.0 pips on Standard; GBP/USD around 0.3 pips plus commission on Raw; USD/JPY around 0.2 pips; AUD/USD around 0.3 pips; XAU/USD around 1.2 pips and widening around US data. Spreads widen in volatile or thin markets and differ by entity and platform.

Non-trading costs to check: overnight financing charged daily on leveraged positions, with swap-free options possible in supported regions; currency conversion where trade and account currency differ; deposits generally free from FP Markets' side, though your payment provider may charge; standard withdrawals generally free, though bank or intermediary charges may apply; and a possible inactivity fee after a prolonged dormant period.

Two things distort comparisons if you skip them. Commission on the Raw account is charged per side, so a round trip is roughly double the per-side figure. And Iress ViewPoint share dealing uses a different cost structure from MetaTrader CFD trading, so price the two separately.

Platform choice is FP Markets' most distinctive feature. Rather than pushing a proprietary terminal, it supports the major third-party platforms and adds a professional share-dealing route on top.

That means you can keep an existing MetaTrader workflow, move to cTrader for depth-of-market and algorithmic work, execute directly from TradingView charts on a Raw account, or trade shares with direct market access through Iress ViewPoint — all inside the same broker relationship.

MetaTrader 4 remains the established standard for expert advisors and custom indicators, on both Standard and Raw. MetaTrader 5 adds broader instrument coverage, more timeframes and a built-in economic calendar, though MT4 expert advisors do not transfer directly. cTrader adds depth-of-market data, fast order entry and cAlgo automation, which pairs naturally with Raw pricing. TradingView execution is available on Raw accounts, subject to your entity. Iress ViewPoint is a distinct route with exchange-style order routing and its own funding and cost structure.

Mobile trading runs through the official MT4, MT5 and cTrader apps rather than a proprietary terminal. The apps are mature and familiar but carry the usual mobile MetaTrader limits — restricted charting and no expert-advisor execution — so treat mobile as a position-management tool and enable biometric locking and two-factor authentication on the account portal. Browser access through MetaTrader WebTrader and cTrader web is close to desktop for order entry, while serious charting and automation still belong on desktop.

Tooling leans on the platforms rather than a bespoke research suite: Traders Toolbox and MetaTrader add-on packages, cTrader depth of market, TradingView charting with execution, Iress ViewPoint market data, an economic calendar with market commentary, and automation support through expert advisors, cAlgo and possible VPS options.

Account opening is fully online. You register, pick your account type and platform, complete identity verification and the suitability questionnaire, then fund the account. Verification is a regulatory requirement and the account is not fully usable until it clears.

The choice made at this stage matters more than most traders expect: your account type fixes your cost structure, and your country determines which entity — and therefore which leverage cap — applies to you.

The steps in order: register online with your email, country of residence and personal details; choose Standard (spread from 1.0 pips) or Raw (from 0.0 pips plus around $3 per lot per side), both opening at $100; select your platform, with TradingView execution available on Raw and Iress ViewPoint as a separate DMA route; verify your identity with government photo ID and proof of address; complete the suitability assessment honestly, as answers can affect the leverage and products offered; then fund from $100 and test the platform in demo before committing size.

Funding covers the standard retail routes — bank transfer, cards and supported e-wallets — with availability depending on region and entity. Deposits are generally free from FP Markets' side. Withdrawals are normally returned to the original funding source for anti-money-laundering reasons and are generally free for standard methods, though intermediary banks can charge and international transfers add settlement delay. Several major account base currencies are supported; match your account currency to your funding currency where possible. Third-party payments are not accepted — funds must come from an account in your own name.

FP Markets lists more than 10,000 instruments across eight asset classes, which puts it near the top of the mid-size broker field for breadth. The mix covers currency traders and multi-asset traders without requiring a second account elsewhere.

Product availability depends on your entity and jurisdiction. Digital currency exposure in particular is restricted or unavailable in several regions.

Coverage: 70+ forex pairs across majors, minors and crosses; share CFDs with broad international coverage; direct-market-access share dealing through Iress ViewPoint; major index benchmarks including the NASDAQ 100 and S&P 500; metals; energy and soft commodities; government bond exposure via CFDs; ETFs alongside share products; and digital currencies in supported jurisdictions only.

Support runs through the usual retail channels, with hours and language coverage depending on the entity that holds your account. Response quality is generally consistent, but escalation routes differ between the Australian, South African and offshore companies, so note which one your client agreement names before you need it.

Education and research come mainly through the supported platforms and the broker's own market analysis: economic calendars, commentary around major releases, add-on indicator packages and platform tutorials. It is practical material aimed at getting a strategy running rather than a structured curriculum.

FP Markets is a strong pick for traders whose priority is cost and platform freedom. Raw pricing from 0.0 pips at a $100 minimum is genuinely accessible, the platform list is wider than almost any comparable broker, and Iress ViewPoint adds a share-dealing route that most CFD brokers simply do not offer.

The caveats are structural rather than damning. Commission on Raw must be added to any spread comparison, the Standard account is not the cost story here, and everything about leverage and protection depends on which group entity onboards you. Read the entity named in your client agreement, add both commission legs to your cost model, and FP Markets holds up well against its peer group.

FP Markets charges around $3 per lot per side on raw accounts; standard is spread-only. Quoted pricing starts from 1.0 pips (standard); from 0.0 pips (raw), so the true cost of a round turn depends on which account tier you open.

Non-trading costs matter as much as spread: check inactivity charges, withdrawal fees and currency-conversion margins on the broker's own fee schedule, since these differ by entity and funding method.

Headline pricing is from 1.0 pips (Standard); from 0.0 pips (Raw). Spreads widen around high-impact data releases and outside the London and New York overlap, so treat any advertised figure as a floor rather than an average.

Available account types: Standard, Raw, IRESS (DMA). The minimum to open is $100.

Leverage is 1:30 for ASIC retail clients. Which cap applies to you is decided by the entity that onboards your account, not by the broker's marketing pages.

FP Markets supports MT4, MT5, cTrader, TradingView, IRESS. Confirm that your indicators, expert advisors or automation tooling run on the platform you plan to use before funding an account.

FP Markets operates under licences from ASIC. Each licence brings its own rules on client-money segregation, leverage limits and investor compensation.

Verify the licence number on the regulator's own public register and confirm which legal entity your account agreement names — group websites often list several.

Instrument coverage spans Forex, Share CFDs, Indices, Commodities, Crypto CFDs. Instrument counts within each class change regularly, so use the broker's live product schedule for anything specific.

Supported funding methods include Bank transfer, Visa / Mastercard, Skrill, Neteller. Processing times differ by method, and withdrawals are normally returned to the original source.

FP Markets scores 8.5/10 in our support assessment, which weighs channel availability, published hours, language coverage and response times we sampled.