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FP Markets Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
4.07 4.07 / 5
Min. Deposit USD 100
Max. Leverage 500:1
Min. Spread 0.0 pips
Regulators ASIC,CySEC
Regulator Origin ASIC CySEC
Trading Desk Type

Summary

FP Markets is a great Australian broker with simple account options and an exciting set of tools for traders with higher minimum deposits. Bonus schemes, including deposit and no-deposit bonuses, are frequently available and Islamic accounts are available on both the MT4 and MT5 platforms.

Spreads are tight, even on the Standard Account, and the lack of dealing desk intervention for all accounts removes any concern over conflict of interest.

Reviews

Regulation 11110
Trading Conditions 11110.5
Trading Platforms 11110.5
Deposit & Withdrawal 11100
Education & Research 1110.50
Assets Available 11110
Customer Service 11110.5
Beginner Friendly Standard
Bonuses None
Our Review Process

Trading Conditions

Minimum Deposit USD 100
Base currencies USD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD
Number of FX Pairs 60+
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD 0.1
GBP / USD 0.2
USD / JPY 0.2

Company Details

Company name First Prudential Markets Pty Ltd
Founded 2005
Website www.fpmarkets.com/ar
Type ECN/DMA
Regulators ASIC,CySEC
Office locations Australia

Deposit & Withdrawal Methods

Supported Platforms for FP Markets

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.07 / 5 11110.5 4.26 / 5 11110.5 4.38 / 5
Minimum Deposit USD 100 USD 200 USD 5
Regulation
ASIC ASIC
CySEC CySEC
CySEC CySEC
ASIC ASIC
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Metals, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures Commodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs 60+ 60 57
Crypto Pairs 5 10
Pros
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Expensive withdrawals
  • High minimum deposit
  • Limited market analysis
  • Dealing desk
Read Full Review Read Full Review
Regulation 11110 4 / 5 11110 4 / 5 11110 4 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11100 3 / 5 11110 4 / 5 11110.5 4.5 / 5
Education & Research 1110.50 3.5 / 5 11100 3 / 5 11111 5 / 5
Assets Available 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker N/A N/A 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 500:1 888:1
Spread 0.0 pips 0.1 pips 0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard IRESS (Professional)
  • Standard - MetaTrader (Standard)
  • XM Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms IRESS, MT4 , MT5 cTrader , MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission 6 USD / lot - RAW Accounts 7 USD / lot - True ECN account 7 USD / lot - XM Zero Account
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FP Markets

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IC Markets

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XM

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Overall Rating 11110.5 4.07 / 5 11110.5 4.26 / 5 11110.5 4.38 / 5
Minimum Deposit USD 100 USD 200 USD 5
Regulation
ASIC ASIC
CySEC CySEC
CySEC CySEC
ASIC ASIC
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading Instruments Commodities, Cryptocurrencies, Forex, Indicies, Metals, Equities Commodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures Commodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs 60+ 60 57
Crypto Pairs 5 10
Pros
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Expensive withdrawals
  • High minimum deposit
  • Limited market analysis
  • Dealing desk
Read Full Review Read Full Review
Regulation 11110 4 / 5 11110 4 / 5 11110 4 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11100 3 / 5 11110 4 / 5 11110.5 4.5 / 5
Education & Research 1110.50 3.5 / 5 11100 3 / 5 11111 5 / 5
Assets Available 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker N/A N/A 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage 500:1 500:1 888:1
Spread 0.0 pips 0.1 pips 0.6 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Standard IRESS (Professional)
  • Standard - MetaTrader (Standard)
  • XM Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms IRESS, MT4 , MT5 cTrader , MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission 6 USD / lot - RAW Accounts 7 USD / lot - True ECN account 7 USD / lot - XM Zero Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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