Independent broker review

FP Markets Review 2025: Low Spreads & ECN Trading

Q: What account types does FP Markets offer?

Standard and Raw accounts on MT4, MT5, and cTrader.

Q: Does leverage cost anything?

No direct cost for leverage, but it increases margin requirements and trading risk.

Q: Are there swap or overnight fees?

Are there swap or overnight fees?

Q: Are there hidden fees?

FP Markets is transparent; no hidden fees, though withdrawal fees may apply depending on the method.

FP Markets is a trusted global forex and CFD broker founded in 2005 in Australia. Regulated by ASIC and CySEC, it offers secure trading with over 10,000 instrum...

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4.0 Score

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We may earn a commission if you visit this broker. That does not affect our rating. Your capital is at risk. CFDs are complex instruments.

Pros & Cons

What we like and what could be improved about FP Markets

Pros

Ultra-tight spreads from 0.0 pips on Raw accounts with low $3/lot commissions
Extensive 10,000+ instruments across 10+ asset classes for diversified trading
Multi-regulated with segregated funds and negative balance protection
Fast execution (<40ms) and free VPS for low-latency scalping/algos
24/7 support in 18+ languages, plus social/copy trading via Myfxbook

Cons

Higher minimum deposit for Iress accounts (AUD 1,000) limits accessibility
Limited proprietary education; relies on third-party tools like Trading Central
Not available in the US, Japan, or sanctioned countries due to regulations
Withdrawal fees on some methods (e.g., 1% for Skrill) can add costs

FP Markets Overview

Key data on fees, platforms, deposits, and trading conditions

Regulation: CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)
Minimum deposit: $100
Spreads: From 1.0 pip (Standard, avg. 1.1 pips on EUR/USD) to 0.0 pips (Raw, avg. 0.1 pips + commission)
Commission: Raw accounts incur a commission of $3.50 per side per lot.
Leverage: Up to 1:500
Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, WebTrader, TradingView

Fees

Spreads, commissions, and non-trading costs

Minimum deposit: $100
Spreads: From 1.0 pip (Standard, avg. 1.1 pips on EUR/USD) to 0.0 pips (Raw, avg. 0.1 pips + commission)
Commission: Raw accounts incur a commission of $3.50 per side per lot.
Pricing model: Commission-free Standard; $3/side ($6 round-turn) on Raw; no inactivity fees; swaps vary by instrument (triple on Wednesdays for forex)

Safety

Regulation, investor protection, and fund security

Regulation: CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)
Regulated jurisdictions: Australia, Cyprus (EU), South Africa, Seychelles, Mauritius, Kenya (CMA), Bahamas (SCB)
Licenses: ASIC (286354), CySEC (371/18), FSCA (49464), FSA (SD028), FSC (C113017331), CMA (156), SCB (SIA-F204)
Investor protection: No
Segregated client funds: Yes
Negative balance protection: No

Deposit & Withdrawal

Funding methods, fees, and processing options

Deposit methods: Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, PayPal, Poli, PaySafeCard, Bitcoin, Local methods (e.g., BPay for AU, Ngan Luong for Vietnam)
Withdrawal methods: Same as deposits; processed 1-3 days (instant for e-wallets)
Withdrawal fee: Free
Payment methods: 15+ options including cryptocurrencies (BTC/ETH), regional gateways (e.g., Paytrust88 for Asia); no third-party payments; min. $50 for most

Trading Platforms

Desktop, web, and mobile trading software

Platforms: MetaTrader 4, MetaTrader 5, cTrader, WebTrader, TradingView
Mobile trading: FP Markets provides mobile trading apps for MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms, compatible with both iOS and Android devices.
Web trader: Yes (TradingView web platform; MT5 WebTrader)
Charting tools: 80+ indicators on MT5/cTrader; TradingView integration with 100+ tools and custom scripts
Social / copy trading: Yes (Myfxbook AutoTrade for copying top traders; 0.5 pip service fee)
VPS hosting: Available

Markets & Products

Available instruments and product coverage

Account types: Standard and Raw accounts are available on both MT4 and MT5 platforms.
Standout feature: ECN Raw Spreads from 0.0 Pips – Access interbank pricing with $3/lot commissions and

Demo Account

Practice trading without risking real money

Demo account: Not available

Research & Education

Analysis tools, news, and learning resources

Research tools: Advanced charting tools, economic calendar, technical indicators, and access to Trading Central and Autochartist.
Educational resources: Demo accounts, e-books, webinars, video tutorials, and market analysis.
News & analysis: Reuters feeds, daily outlooks, Trading Central reports, in-platform news ticker

Customer Support

Help channels and service availability

Support channels: 24/7 multilingual customer support via live chat, email, and phone.
Languages: 18+ including English, Arabic, Chinese, French, German, Hindi, Indonesian, Japanese, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese

Account Types

Compare spreads, leverage, and conditions across FP Markets accounts

Standard and Raw accounts are available on both MT4 and MT5 platforms.

Multiple currencies are supported, including USD, EUR, GBP, AUD, and others. fpmarkets.com Swap-free Bonus eligible

Min. deposit: $100
Leverage: 500:1
Spread: Floating spreads are offered. 0.00 pips
Commission: Raw accounts incur a commission of $3.50 per side per lot.

Spread type: Floating spreads are offered.
Swap-free / Islamic account: Yes
Expert advisors (EAs): Yes
Hedging: Yes
VPS eligible: No
Bonus eligible: Yes
Professional features: Yes
Min trade size: The minimum trade size is 0.01 lots.
Max trade size: he maximum trade size is 200 lots during market hours and 60 lots during off-hours.
Margin call: 60.00%
Stop out level: 50.00%
Max open positions: 0
Special conditions: Specific conditions may apply based on account type and region; it's advisable to consult FP Markets directly for detailed information.
Exclusive offers: Feature Standard Raw Islamic Iress (Platinum/Premier)
Best For Beginners, low-volume retail traders Scalpers, high-frequency, algorithmic traders Muslim traders seeking Sharia-compliant (swap-free) options Professional equity/stock traders, high-net-worth investors
Minimum Deposit $100 (USD equivalent; varies by region/method) $100 (USD equivalent) $100 (USD equivalent) AUD 1,000 (geographically restricted, e.g., AU/NZ)
Spreads (EUR/USD Avg) From 1.0 pips (avg. 1.1 pips) From 0.0 pips (avg. 0.1 pips) Same as Standard (avg. 1.1 pips) or Raw (avg. 0.1 pips) DMA pricing (avg. 0.1-0.5 pips on forex; stock-specific)
Commissions ❌ None ✅ $3 per side ($6 round-turn per lot) ❌ None (Standard variant) or ✅ $6 round-turn (Raw variant) ✅ Variable (e.g., $9.90-$19.95 per ASX trade; forex $6/lot)
Swaps ✅ Variable (triple on Wednesdays for forex; credits/debits) ✅ Variable (same as Standard) ❌ None (swap-free; admin fee after 7-10 days) ✅ Variable (overnight funding for CFDs)
Other Fees ✅ No deposit/withdrawal/inactivity fees (third-party may apply) ✅ Same as Standard ✅ Same as Standard/Raw ✅ Brokerage fees per trade; no inactivity
Execution Type Market (no dealing desk) ECN (direct market access) Market/ECN (mirrors base account) DMA (direct market access for equities)
Avg Execution Speed ✅ <40ms ✅ <40ms (NY4 servers) ✅ <40ms ✅ <100ms (for ASX trades)
Requotes/Slippage ➖ Minimal (possible during volatility) ❌ None (ECN minimizes) ➖ Minimal ❌ None (DMA reduces)
Max Order Size Unlimited Unlimited Unlimited 10,000 shares/order (equities); unlimited for forex
Stop Level ✅ 0 pips ✅ 0 pips ✅ 0 pips ✅ 0 pips
Leverage Up to 1:500 (non-EU); 1:30 (EU/ASIC retail) Same as Standard Same as Standard/Raw Up to 1:200 (equities CFDs); 1:500 forex
Margin Call Level 100% 100% 100% 100% (customizable alerts)
Stop Out Level 50% 50% 50% 20% (for CFDs)
Negative Balance Protection ✅ Yes ✅ Yes ✅ Yes ✅ Yes
Hedging Allowed ✅ Yes ✅ Yes ✅ Yes ✅ Yes
Scalping Allowed ✅ Yes ✅ Yes (ideal) ✅ Yes ➖ Limited (better for swing/position trading)
Lot Sizes Micro (0.01 lots) Micro (0.01 lots) Micro (0.01 lots) Shares-based (1 share min); micro lots for forex
Instruments Access ✅ Full (10,000+ forex, CFDs, indices, commodities, crypto, shares) ✅ Full ✅ Full ✅ Equities-focused (11,000+ ASX/global shares, forex, futures)
Platforms ✅ MT4, MT5, TradingView, cTrader, WebTrader ✅ MT4, MT5, TradingView, cTrader, WebTrader ✅ MT4/MT5 (mirrors base) ✅ Iress ViewPoint/WebTrader (desktop/web)
EA/Robot Support ✅ Yes (full algo trading) ✅ Yes (optimized for EAs) ✅ Yes ❌ Limited (no MT4 EAs; custom scripting)
VPS Hosting ✅ Free ($5,000+ balance & 10 lots/month) ✅ Free (same criteria) ✅ Free (same) ❌ Not available (Iress-specific)
Priority Support ✅ Standard (24/7 multilingual) ✅ Standard ✅ Standard ✅ Dedicated account manager for Premier
Additional Perks Simple setup, no commissions; ideal for beginners Tight raw pricing, Myfxbook copy trading integration Sharia compliance; same perks as Standard/Raw Advanced analytics, DMA order book, portfolio linking; ASX Level 2 data
Pros Low entry barrier, commission-free, broad access; beginner-friendly Ultra-low costs for volume, ECN execution, fast speeds; scalper-optimized Ethical trading, no interest; mirrors popular accounts Pro-grade for stocks, transparent pricing, multi-portfolio management
Cons Wider spreads increase costs for frequent trades Commissions add up for low-volume; requires strategy Admin fees on long holds; limited to MT4/MT5 Higher min deposit, geo-restricted, steeper learning curve

Feature	Standard	Raw	Islamic	Iress (Platinum/Premier)
Best For	Beginners, low-volume retail traders	Scalpers, high-frequency, algorithmic traders	Muslim traders seeking Sharia-compliant (swap-free) options	Professional equity/stock traders, high-net-worth investors
Minimum Deposit	$100 (USD equivalent; varies by region/method)	$100 (USD equivalent)	$100 (USD equivalent)	AUD 1,000 (geographically restricted, e.g., AU/NZ)
Spreads (EUR/USD Avg)	From 1.0 pips (avg. 1.1 pips)	From 0.0 pips (avg. 0.1 pips)	Same as Standard (avg. 1.1 pips) or Raw (avg. 0.1 pips)	DMA pricing (avg. 0.1-0.5 pips on forex; stock-specific)
Commissions	❌ None	✅ $3 per side ($6 round-turn per lot)	❌ None (Standard variant) or ✅ $6 round-turn (Raw variant)	✅ Variable (e.g., $9.90-$19.95 per ASX trade; forex $6/lot)
Swaps	✅ Variable (triple on Wednesdays for forex; credits/debits)	✅ Variable (same as Standard)	❌ None (swap-free; admin fee after 7-10 days)	✅ Variable (overnight funding for CFDs)
Other Fees	✅ No deposit/withdrawal/inactivity fees (third-party may apply)	✅ Same as Standard	✅ Same as Standard/Raw	✅ Brokerage fees per trade; no inactivity
Execution Type	Market (no dealing desk)	ECN (direct market access)	Market/ECN (mirrors base account)	DMA (direct market access for equities)
Avg Execution Speed	✅ <40ms	✅ <40ms (NY4 servers)	✅ <40ms	✅ <100ms (for ASX trades)
Requotes/Slippage	➖ Minimal (possible during volatility)	❌ None (ECN minimizes)	➖ Minimal	❌ None (DMA reduces)
Max Order Size	Unlimited	Unlimited	Unlimited	10,000 shares/order (equities); unlimited for forex
Stop Level	✅ 0 pips	✅ 0 pips	✅ 0 pips	✅ 0 pips
Leverage	Up to 1:500 (non-EU); 1:30 (EU/ASIC retail)	Same as Standard	Same as Standard/Raw	Up to 1:200 (equities CFDs); 1:500 forex
Margin Call Level	100%	100%	100%	100% (customizable alerts)
Stop Out Level	50%	50%	50%	20% (for CFDs)
Negative Balance Protection	✅ Yes	✅ Yes	✅ Yes	✅ Yes
Hedging Allowed	✅ Yes	✅ Yes	✅ Yes	✅ Yes
Scalping Allowed	✅ Yes	✅ Yes (ideal)	✅ Yes	➖ Limited (better for swing/position trading)
Lot Sizes	Micro (0.01 lots)	Micro (0.01 lots)	Micro (0.01 lots)	Shares-based (1 share min); micro lots for forex
Instruments Access	✅ Full (10,000+ forex, CFDs, indices, commodities, crypto, shares)	✅ Full	✅ Full	✅ Equities-focused (11,000+ ASX/global shares, forex, futures)
Platforms	✅ MT4, MT5, TradingView, cTrader, WebTrader	✅ MT4, MT5, TradingView, cTrader, WebTrader	✅ MT4/MT5 (mirrors base)	✅ Iress ViewPoint/WebTrader (desktop/web)
EA/Robot Support	✅ Yes (full algo trading)	✅ Yes (optimized for EAs)	✅ Yes	❌ Limited (no MT4 EAs; custom scripting)
VPS Hosting	✅ Free ($5,000+ balance & 10 lots/month)	✅ Free (same criteria)	✅ Free (same)	❌ Not available (Iress-specific)
Priority Support	✅ Standard (24/7 multilingual)	✅ Standard	✅ Standard	✅ Dedicated account manager for Premier
Additional Perks	Simple setup, no commissions; ideal for beginners	Tight raw pricing, Myfxbook copy trading integration	Sharia compliance; same perks as Standard/Raw	Advanced analytics, DMA order book, portfolio linking; ASX Level 2 data
Pros	Low entry barrier, commission-free, broad access; beginner-friendly	Ultra-low costs for volume, ECN execution, fast speeds; scalper-optimized	Ethical trading, no interest; mirrors popular accounts	Pro-grade for stocks, transparent pricing, multi-portfolio management
Cons	Wider spreads increase costs for frequent trades	Commissions add up for low-volume; requires strategy	Admin fees on long holds; limited to MT4/MT5	Higher min deposit, geo-restricted, steeper learning curve

FP Markets

4.0 Overall score

Updated Sep 11, 2026

We may earn a commission if you visit this broker. That does not affect our rating. Your capital is at risk. CFDs are complex instruments.

Frequently Asked Questions

Common questions about FP Markets

Standard and Raw accounts on MT4, MT5, and cTrader.

$100 or equivalent.

No direct cost for leverage, but it increases margin requirements and trading risk.

Are there swap or overnight fees?

FP Markets is transparent; no hidden fees, though withdrawal fees may apply depending on the method.

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