FP Markets Broker Review: High Speed ECN Trading
⚡ FP Markets is a Tier-1 regulated ECN broker (ASIC/CySEC) operating since 2005. With over 10,000 Instruments and spreads from 0.0 pips, it is a top choice for traders seeking deep liquidity and fast execution (Equinix NY4). Features advanced platforms like cTrader, TradingView, and Iress for DMA Stock trading.
Min Deposit
$50
Withdrawal Fee
0
Deposit Fee
0
Countries
Broker Overview
🏆 Why FP Markets is a "Traders First" Broker?
Established in 2005 in Australia, FP Markets has built a reputation for transparency and speed. It connects retail traders to the same liquidity used by institutions, ensuring no conflict of interest.
📉 1. Raw ECN Spreads
FP Markets streams prices directly from top-tier liquidity providers. This results in spreads as low as 0.0 pips on major pairs (EURUSD, GBPUSD) most of the day, making it ideal for scalpers and EAs.
📊 2. Unrivaled Range of Markets
While most brokers offer a few hundred symbols, FP Markets offers over 10,000 tradeable instruments, including a massive selection of global stocks via its Iress platform (Direct Market Access).
🛡️ Regulation & Safety
FP Markets is one of the most trusted names in the industry:
✅ ASIC & CySEC Regulated - Strict oversight for client funds.
✅ 20+ Years History - Operating successfully since 2005.
✅ Segregated Accounts - Funds held in AA-rated banks (Commonwealth Bank of Australia).
Pros & Cons
Pros
- Social Trading (Myfxbook, ZuluTrade)
- Established Reputation (Since 2005)
- Raw Spreads from 0.0 pips
- Low Commission ($6 per round lot)
- 10,000+ Trading Instruments
- Regulated by ASIC & CySEC
- Fast Execution (Equinix NY4 Server)
- Supports MT4, MT5, cTrader, TradingView
- Iress Platform for DMA Stocks
- Free Deposits & Withdrawals
Cons
- Iress Account requires high deposit ($1k)
- Stock CFDs on MT4 are limited (need MT5)
- Account opening can be lengthy (Strict KYC)
- Demo accounts expire if inactive
- Does not accept US clients
General Information
Max Leverage
Spreads From
Execution Models
Deposit Currencies
Support Languages
Auto Trading
Contact Information
Account Types Overview
Accounts Tailored for Speed
FP Markets separates its Forex/CFD offering from its DMA Stock offering:
🟢 Standard Account (0 Commission)
Best for: Beginners.
Structure: $0 Commission. Spreads from 1.0 pips.
Platform: MT4 / MT5.
🔴 Raw Account (ECN Style)
Best for: Scalpers & Algo Traders.
Structure: $3.00 Commission per lot. Spreads from 0.0 pips.
Platform: MT4 / MT5 / cTrader.
🔵 Iress Account (DMA Stocks)
Best for: Professional Stock Traders.
Structure: Direct Market Access to 10,000+ Stocks.
Min Deposit: $1,000 AUD.
Account Types
RAW - FP Markets
Swap-free account
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 44
CFDs
Amount of assets: 10000
Metals
Energy Source
Cryptocurrencies
Stock exchange
Characteristics
Stop Out
50%
Margin Call
100%
Min Position
50 units
Max Position
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
0.01 units
Commission
AUD 3.5
Standard - FP Markets
Swap-free account
Features
Deposit Currencies
Trading Instruments
CFDs
Amount of assets: 10000
Metals
Energy Source
Cryptocurrencies
Stock exchange
Characteristics
Stop Out
50%
Margin Call
100%
Min Position
0.01 units
Max Position
50 units
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Commission
$3
Payment Methods
Deposit Methods
Withdrawal Methods
Regulation Information
FP Markets Global Regulation
FP Markets holds licenses in multiple top-tier jurisdictions:
ASIC (Australia): First Prudential Markets Pty Ltd (AFSL 286354).
CySEC (Cyprus): First Prudential Markets Ltd (License 371/18).
FSC (Mauritius): FP Markets (License GB21026264).
FSCA (South Africa): FP Markets (FSP 50926).
FSA (St. Vincent): FP Markets LLC (Limited Liability Number 126 LLC 2019).
Commission & Fees
Transparent Fees
FP Markets is competitive, especially for ECN trading:
Raw Account: $3.00 USD per lot per side ($6.00 round turn). One of the lowest in the industry (Standard is usually $7).
Standard Account: $0 Commission. Costs built into spread (from 1.0 pips).
Iress (Stocks): 0.08% commission (min $10).
Swap-Free: Available for Islamic clients (Admin charge applies after grace period).
Trading Platforms
Frequently Asked Questions
What is the minimum deposit for FP Markets?
The minimum deposit is $100 AUD (or equivalent, approx $50 USD) for MT4/MT5 accounts. For Iress accounts, it is $1,000 AUD.
Is FP Markets good for scalping?
Yes, absolutely. With ECN execution, 0.0 pips spreads, and no minimum distance for stop orders, it is ideal for scalpers.
Does FP Markets offer VPS?
Yes, FP Markets offers a sponsored (free) VPS for traders who deposit at least $500 and trade 10 lots per month.
Can I trade Crypto on weekends?
Yes, FP Markets offers CFD trading on major Cryptocurrencies like Bitcoin and Ethereum 24/7, including weekends.
Start Trading
Important Notice
Trading CFDs involves high risk. FP Markets does not accept clients from the USA, Japan, or New Zealand.
Quick Facts
- Trading Platforms
- MetaTrader 4MetaTrader 5cTrader+2
- Execution Model
- ECN (Electronic Communication Network)DMA (Direct Market Access - Iress)NDD (No Dealing Desk)
- Deposit Currency
- USDEURGBPAUD+6
- Support Languages
- EnglishChineseVietnamese+11
