fpmarkets

FP Markets is a well-established Australian brokerage that has been serving retail traders since 2017 (originally founded in 2005). With a strong presence in the Asia-Pacific region and a growing global clientele, the broker offers access to a wide range of financial markets, including forex, stocks, indices, commodities, and digital currencies.

Operating under the legal name First Prudential Markets Limited, the company is registered in Seychelles and holds regulatory authorisation from two respected bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This dual regulation provides a framework of oversight that many traders find reassuring.

FP Markets emphasises its regulatory standing as a key differentiator. Under ASIC license number 286354, the broker operates as a market maker in Australia, while CySEC license 371/18 authorises derivatives trading under an STP model. These licences impose strict capital adequacy, client money segregation, and reporting requirements.

Traders should be aware, however, that the company's registered address is in Seychelles, which is an offshore jurisdiction. This structural detail can influence the level of investor protection available, depending on which entity holds the client relationship.

The broker offers two straightforward account options designed to suit different trading styles. The Raw Account is aimed at scalpers and day traders who require ultra-tight spreads starting from 0.0 pips, with a commission of USD $3.5 per side. The Standard Account is commission-free, with spreads beginning from 1.0 pip, making it more accessible for beginners.

Both accounts share a low minimum deposit of $100 AUD or equivalent, high maximum leverage of 1:500, and access to the same extensive range of over 70 forex pairs, metals, indices, and commodities. Notably, FP Markets does not currently offer a dedicated Islamic account or a PAMM/MAM structure for money managers.

FP Markets supports the industry-standard MetaTrader 4 and MetaTrader 5 platforms, available on desktop, web, and mobile. Traders can also connect through TradingView for charting and order execution. The broker's instrument lineup is a strong point, spanning 70+ forex pairs, 10,000+ individual stocks, 19 indices, commodities, bonds, metals, and a selection of digital currencies.

This breadth of instruments, combined with flexible leverage and account types, allows traders to diversify across asset classes within a single broker. The inclusion of over 10,000 stocks is particularly notable for those interested in equity trading alongside forex.

Funding an account is straightforward, with options including bank transfer, NETELLER, Skrill, and PerfectMoney. Withdrawals are processed back to Skrill, PerfectMoney, or Neteller, which indicates a focus on e-wallet usability. The broker does not publicly disclose a detailed fee schedule for deposits and withdrawals, but the majority of user reviews suggest these processes are smooth and timely.

The minimum deposit of $100 AUD is low, making the broker accessible to a wide range of traders. However, it is advisable to confirm any potential third-party processing fees directly with the payment provider.

FP Markets promotes its customer support as a key strength, and this is largely reflected in user feedback. Multilingual support is available via live chat, email, and phone, with a notable presence of named agents who receive positive mentions in reviews.

While the overall sentiment is highly favourable, a small number of traders have voiced frustration over unresolved execution disputes. The availability of dedicated support agents suggests the broker invests in maintaining a responsive service team.

FP Markets positions itself as a secure, well-regulated broker with competitive trading conditions. Its dual ASIC and CySEC regulation, broad instrument range, and popular platforms make it a viable option for both novice and experienced traders. The business structure, including its Seychelles registration, warrants careful consideration, but the overwhelmingly positive Trustpilot rating and low scam risk score from independent scrutiny indicate a broker that largely delivers on its promises. As always, traders should assess their own risk tolerance and read the fine print before opening an account.