Item: FP Markets
Rating: 4.7
Author: BrokrRank

Why choose FP Markets in 2026?

FP Markets is best suited to cost-focused forex and CFD traders. Its Raw account offers spreads from 0.0 pips plus a $3 per-side commission, with a $100 AUD minimum deposit and a choice of MT4, MT5, cTrader, TradingView and Iress.

Pros/Cons

Industry-leading execution speeds and a massive asset library; however, the most extensive stock list is tied to the Iress platform which carries higher monthly costs and data fees.

Fees

Exceptional for active traders. The Raw account offers spreads from 0.0 pips with a competitive $3 per side commission.

Account Opening

Highly accessible with a $100 AUD (or equivalent) minimum deposit and a streamlined digital verification process.

Instruments

A global giant offering 10,000+ tradeable assets, including 70+ Forex pairs and a massive directory of global share CFDs.

Platforms

One of the most diverse lineups in 2026, featuring MT4, MT5, cTrader, TradingView, and the specialized Iress suite for equities.

Safety

Tier-1 security. Regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and CMA (Kenya).

100 AUD (Or USD Equivalent)

Min deposit

0.0 pips

EUR/USD spread

7

Regulators

10,000+ Instruments

Instruments

Fees: Exceptional for active traders. The Raw account offers spreads from 0.0 pips with a competitive $3 per side commission.

Account Opening: Highly accessible with a $100 AUD (or equivalent) minimum deposit and a streamlined digital verification process.

Instruments: A global giant offering 10,000+ tradeable assets, including 70+ Forex pairs and a massive directory of global share CFDs.

Platforms: One of the most diverse lineups in 2026, featuring MT4, MT5, cTrader, TradingView, and the specialized Iress suite for equities.

Safety: Tier-1 security. Regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and CMA (Kenya).

What are the pros and cons of FP Markets?

+Advantages

Execution Speed: Ultra-low latency (avg. 29ms) makes it ideal for EAs and scalping.

Asset Diversity: Access to over 10,000 instruments across global exchanges.

Cost Transparency: Ranked among the lowest for "all-in" costs on major currency pairs like EUR/USD.

Global Regulation: High trust factor with ASIC and CySEC licenses and segregated client funds.

−Drawbacks

Iress Platform Costs: The full stock directory often requires a $1,000+ deposit and monthly platform fees.

Limited MT4/MT5 Symbols: The MetaTrader suite is restricted to roughly 130–400 core symbols.

Research Content: Educational resources are solid but slightly less exhaustive than some market leaders.

Inactivity Fee: While rare, certain regional entities may apply a fee after prolonged dormancy.

What are FP Markets's fees and spreads?

FP Markets charges no commission on its Standard account (EUR/USD spreads from around 1.0 pip) and $3 per side per standard lot on its Raw account, where spreads start from 0.0 pips. There are no deposit fees or inactivity fees on MetaTrader accounts.

Raw ECN Account

This is the flagship choice. You get institutional spreads starting at 0.0 pips and pay a flat commission of $3.00 per side ($6.00 round turn).

Standard Account

A zero-commission model where the cost is built into the spread. Average EUR/USD spreads typically hover around 1.2 pips.

Iress Fees

Trading shares via Iress involves exchange-specific commissions (e.g., 0.1% for AU shares) and potential monthly platform fees, which are often waived for active traders.

Non-Trading Fees

Most deposit methods are free, and they frequently cover international bank transfer fees for deposits over $10,000.

Estimate your monthly FP Markets cost

Based on EUR/USD at 0 pips + $6/lot commission ($6.00 per 1.0 lot round-turn).

Average trade size1.0 lots

Trades per month10 trades

Est. monthly cost

$60

$6.00 per trade

How do I open a FP Markets account?

You can open an FP Markets account online in around 10–15 minutes with a $100 AUD minimum deposit: choose Standard or Raw, verify your ID and proof of address, then fund via card, bank transfer or e-wallet.

Minimum Deposit

$100 AUD (or equivalent in 12 available base currencies including USD, EUR, GBP, and SGD).

Verification

Uses automated electronic verification for many countries, allowing accounts to be cleared in under an hour in many instances.

Account Types

Beyond the Standard and Raw accounts, they offer specialized Islamic (Swap-Free) accounts for Sharia compliance and a robust Pro Account for high-leverage eligibility.

What trading platforms does FP Markets offer?

FP Markets offers MetaTrader 4, MetaTrader 5, cTrader and TradingView for forex and CFD trading, plus the Iress platform for share trading - one of the widest platform ranges of any broker we've reviewed.

MetaTrader 4 & 5

The core offering for Forex and CFD traders, optimized with a "Traders Toolbox" that adds 12+ professional trading tools to the interface.

cTrader & TradingView

Modern alternatives for those who prefer advanced charting, cloud-based setups, and a more intuitive user interface.

Iress (ViewPoint/Trader)

A professional-grade suite for advanced share trading, offering Direct Market Access (DMA) and institutional-level order functionality.

FP Markets App

A proprietary mobile solution that allows for full account management and trading on the go with a personalized "favorites" menu.

What can I trade with FP Markets?

FP Markets offers 10,000+ instruments: 70+ forex pairs, indices, commodities, cryptocurrencies, bonds and ETFs as CFDs, plus 10,000+ share CFDs via the Iress platform.

Forex

70+ currency pairs, including a deep list of emerging market exotics.

Shares & CFDs

A staggering 10,000+ share CFDs covering global exchanges in the US, UK, Europe, and Asia-Pacific.

Commodities & Indices

19+ global indices and a wide array of commodities including Gold, Silver, Oil, and softs like Coffee and Wheat.

Crypto & ETFs

Access to 12+ major Cryptocurrency CFDs and 46+ ETFs, providing broad market exposure from a single margin account.

Is FP Markets regulated and safe?

Yes - FP Markets is regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) and CMA (Kenya), with segregated client funds and negative balance protection for retail clients. Note that FP Markets holds no FCA or DFSA licence, so UK and UAE clients are onboarded under a different entity than Australian or EU traders - check which entity applies to you before depositing.

ASICCySEC

Tier-1 Regulation

Authorized and regulated by the Australian Securities and Investments Commission (ASIC) and the CySEC (Cyprus).

Broad Oversight

Additionally regulated by the FSCA (South Africa) and the CMA (Kenya) for regional operations.

Client Protections

Funds are held in segregated accounts at top-tier banks (like Commonwealth Bank). European clients also benefit from Negative Balance Protection and the ICF compensation scheme (up to €20,000).

Is FP Markets worth it in 2026?

FP Markets is worth it in 2026 for active forex and CFD traders who want raw spreads and platform choice at low cost; casual share investors and traders wanting FCA or DFSA protection should look elsewhere.

Recommendation: A strong "Yes" for active traders. While the Iress platform is the jewel for stock traders, the MetaTrader and cTrader setups provide an affordable, high-speed gateway for anyone looking to trade the global FX and CFD markets with minimal overhead.

Recommended

80% of retail CFD accounts lose money.

Is FP Markets good for beginners?

FP Markets is a reasonable choice for beginners thanks to its commission-free Standard account, $100 AUD minimum deposit, demo accounts and structured education - though its platform range is aimed more at experienced traders.
If you are moving from a demo to a live account, start with the Raw ECN Account rather than the Standard one. While paying a commission feels counter-intuitive to a beginner, the 0.0 pip spreads make it much easier to manage your risk and calculate your break-even points, especially on fast-moving assets like Gold or the Dow Jones.

FP Markets Review 2026: Fees, Features & Verdict

Why choose FP Markets in 2026?

What are the pros and cons of FP Markets?

+Advantages

−Drawbacks

What are FP Markets's fees and spreads?

How do I open a FP Markets account?

What trading platforms does FP Markets offer?

What can I trade with FP Markets?

Is FP Markets regulated and safe?

Is FP Markets worth it in 2026?

Is FP Markets good for beginners?

Frequently Asked Questions

How FP Markets stacks up

FP Markets Review 2026: Fees, Features & Verdict

Why choose FP Markets in 2026?

What are the pros and cons of FP Markets?

+Advantages

−Drawbacks

What are FP Markets's fees and spreads?

How do I open a FP Markets account?

What trading platforms does FP Markets offer?

What can I trade with FP Markets?

Is FP Markets regulated and safe?

Is FP Markets worth it in 2026?

Is FP Markets good for beginners?

Frequently Asked Questions

Is FP Markets regulated?

What is the minimum deposit for FP Markets?

Does FP Markets offer raw spreads?

What platforms does FP Markets support?

Is FP Markets good for Australian traders?

How FP Markets stacks up