Review Methodology Affiliate Disclosure

FP Markets Review 2026

Name: FP Markets Review 2026: Is FP Markets Legit? Withdrawal & Real Costs
Uploaded: 2026-10-24T11:27:51-07:00
Duration: 5 min 6 s
Description: FP Markets offers raw pricing on every major platform: MT4, MT5, cTrader and TradingView, Raw spreads averaging 0.1 pips on EUR/USD for $3 a side, and no deposit fees. Its Australian and EU companies are ASIC and CySEC licensed, but the company serving many other countries is only registered in Saint Lucia, so check which one you would join.

4.75/5 FX Recap score

Facts checked against fpmarkets.com on 1 October 2026

FX Recap Awards 2026: #4 overall · Best account protections

Visit FP MarketsExcellentLicences: ASIC, CySEC +4

Ad High risk: most retail CFD accounts lose money. We never tell you to trade, so read FP Markets's disclosures first. Our promise

FP Markets offers raw pricing on every major platform: MT4, MT5, cTrader and TradingView, Raw spreads averaging 0.1 pips on EUR/USD for $3 a side, and no deposit fees. Its Australian and EU companies are ASIC and CySEC licensed, but the company serving many other countries is only registered in Saint Lucia, so check which one you would join.

Guides18

Is FP Markets Safe? FP Markets Regulation, Companies and Protections FP Markets Minimum Deposit: No Fixed Minimum, Methods and Funding Times FP Markets Account Types: Standard vs Raw, Islamic and Managed Accounts How to Open an FP Markets Account: Registration and Verification FP Markets Demo Account: How It Works, Expiry and Demo vs Live FP Markets Islamic Account: Admin Fees, the Five-Night Grace and How to Apply FP Markets Withdrawal: Methods, Times and the Return-to-Source Order FP Markets Fees: Commissions, Swaps, Share Charges and What's Free FP Markets Spreads: Standard vs Raw Averages on Forex, Gold and Indices FP Markets Leverage: Up to 1:500, Margin and How to Check Yours FP Markets Stop Out and Margin Call: 100% and 50% Levels Explained FP Markets Stock Trading: Share CFDs, Commissions, Hours and Swaps FP Markets Crypto Trading: Bitcoin CFDs, 24/5 Hours, Spreads and Fees FP Markets Trading Hours: Server Time, Market Sessions and Swap Times FP Markets Trading Platforms: MT4, MT5, cTrader, TradingView and WebTrader FP Markets Copy Trading: Social Trading, MAM and PAMM Accounts FP Markets VPS: Free Hosting for EAs, Volume Rules and Set-up FP Markets Customer Support: 24/7 Contacts, Teams and Complaints

Offers1

FP Markets Refer a Friend: Up to $200 per Referral

Tap a face for rolesOur methodology →

An FX Recap team effort, from Abir Khan to Ranjan N. Mondol

FP Markets at a glance

Source: fpmarkets.com, ASIC Connect and the CMA Kenya register, checked 1 October 2026

Companies	ASIC AFSL 286354 (Australia), CySEC 371/18 (EU), CMA Kenya 193 · FSCA and FSA Seychelles also named · FP Markets Ltd is registered in Saint Lucia (2025-00853), not licensed
Minimum deposit	No fixed minimum; set by your payment method (US$100 opening balance listed for Islamic accounts)
EUR/USD spread	Average 1.2 pips on Standard · average 0.1 on Raw (September 2026 table)
Commission	None on Standard · US$3 per lot per side on Raw (US$6 round turn)
Maximum leverage	1:500, set by instrument and your preference
Platforms	MT4, MT5, cTrader, TradingView, WebTrader
Fees to watch	Islamic accounts pay a nightly admin fee per lot · share CFD commissions · swaps
Support	24/7 live chat, email, phone and messaging apps
In business	2005 (Sydney head office)
Not accepted	Any country not listed on the sign-up form

Can I open an FP Markets account from my country?

Is it legal for me to trade with this broker?

Two things decide whether you can trade: the broker must accept your country, and your own country's law must allow you to trade with a foreign broker. A broker accepting you does not make it legal where you live, so check both.

Your country

FP Markets publishes no list: if your country is not on its sign-up form, it is not accepted.

FP Markets pros and cons

What traders get

Raw account averaging 0.1 pips on EUR/USD for US$3 per side
MT4, MT5, cTrader and TradingView on one broker
No deposit fees and no fee on bank wire withdrawals
Scalping, hedging and expert advisors allowed, with no minimum stop distance
Electronic verification, usually within the hour
Free VPS for traders above a monthly volume

What to watch

FP Markets Ltd (Saint Lucia) is registered, not licensed, and in no compensation scheme
Standard account carries a 1-pip mark-up
Stop out at 50% margin level
International wire deposits take 7–10 working days
Islamic accounts pay a nightly admin fee per lot
No bonuses

How FP Markets' 4.75 score is built

Our methodology →

Ten parameters, weighted the same way for every broker. The share shows how much each one counts towards the score; the label is what we found for FP Markets.

Regulation & safety20% of scoreMixedASIC and CySEC licences for Australia and the EU; FP Markets Ltd in Saint Lucia is only registered.
User satisfaction15% of scoreNeeds dataNeeds real trader reviews. Our review box opened in October 2026.
Commissions & fees13% of scoreStrengthRaw from 0.0 pips with US$3 per side; no deposit fees.
Platforms & tools12.5% of scoreStrengthMT4, MT5, cTrader, TradingView and WebTrader.
Deposit & withdrawal10% of scoreStrengthNo deposit fees, no wire withdrawal fee, e-wallets in one business day.
Account types9% of scoreStrengthStandard and Raw, plus joint, corporate and trust accounts in 10 currencies.
Account opening8% of scoreStrengthElectronic verification; documents checked within 1 business day.
Trading instruments7% of scoreStrengthForex, metals, indices, commodities, crypto and share CFDs.
Mobile apps3% of scoreStrengthMT4, MT5 and cTrader apps; cTrader runs on web, desktop and mobile.
Customer support2.5% of scoreStrength24/7 by chat, email, phone, WhatsApp and Telegram.

Is FP Markets safe? It depends on where you live

What does a regulator actually do?

A regulator licenses brokers and supervises how they treat clients. Top-tier regulators such as the FCA (UK), ASIC (Australia) and CySEC (EU) set strict rules on client money, leverage and complaints; offshore regulators set lighter ones. Most brokers run several companies, and the one named in your client agreement decides which rules protect you. Negative balance protection means you cannot lose more than the money in your account.

FP Markets is an Australian group, headquartered in Sydney since 2005. The company that opens your account depends on your country, and that decides how well you are protected. Pick your region:

Company: FP Markets Ltd
Regulator: None: company registration in Saint Lucia
Licence: Registration 2025-00853
Leverage: Up to 1:500

Registered in 2025; FP Markets' own FAQ cites the registration, not a licence
Not a member of any investor compensation fund
Segregated client funds at AA- rated banks, and negative balance protection

FP Markets also names the FSCA (South Africa) and the FSA (Seychelles) on its regulation page, without licence numbers. The group is audited by LNP Audit and Assurance. Check the company named in your client agreement on the regulator's own register.

Is FP Markets regulated? Full check →

How to open an FP Markets account

What is KYC verification?

Before you can trade or withdraw, a broker must check who you are. This is called KYC, short for "know your customer". You usually upload a photo ID and a recent bill or bank statement showing your address. Practise on a demo account with virtual money before you deposit real money.

RegisterFill in the online form and a short suitability test. If your country is not on the form, it is not accepted.
VerifyElectronic verification checks your name, address and date of birth. If that fails, upload a colour passport (or ID card or licence) and proof of address from the last 6 months.
FundNo fixed minimum; your method sets it. Cards, e-wallets and online banking are instant. Only payments in your own name.
TradeYour login arrives by email ("Your MT4/5 Live Account Is Ready"). You can hold up to 10 trading accounts.

Document checks take up to 1 business day; FP Markets aims for within the hour. Accounts with a zero balance and no activity for 3 months are disabled, with no fee; email to reactivate. Demo accounts expire after 30 days without a login.

Step-by-step account guide →

Related guidesFP Markets Demo Account

FP Markets fees: what one trade costs

What are spreads and pips?

The spread is the gap between the buy and sell price, and it is the main cost on accounts without commission. A pip is the fourth decimal on most currency pairs (0.0001); on one standard lot of EUR/USD, 1 pip is worth about $10. Raw and ECN accounts have tighter spreads but add a fixed commission per lot, so always compare the total cost.

Standard adds a 1-pip mark-up to the raw price and charges no commission. Raw passes on the raw price and charges US$3 per lot per side. Slide to your size for EUR/USD at September 2026 average spreads.

EUR/USD trade size 1.00 lot

Standard · 1.2 pips average$12.00

Raw · 0.1 pips + US$6 round turn$7.00

Uses FP Markets' September 2026 average spreads, $10 per pip per standard lot, and the Raw account's US$6 round-turn commission. Live spreads move with the market. Swaps are extra on positions held overnight.

Cost	What FP Markets charges
Commission	Standard: none. Raw: US$3 per lot per side on MT4/MT5 (2.75 EUR, 2.25 GBP in other base currencies); cTrader $3 per lot each way.
Share CFDs	US shares 2 cents per share (min US$2 a side); UK and Europe 0.10%; Hong Kong 0.20%; Australia 0.05% (min A$5).
Deposits	No FP Markets fee.
Withdrawals	No fee on bank wire withdrawals.
Inactivity	No admin fee; empty, idle accounts are disabled after 3 months.

Every FP Markets cost explained →

EUR/USD cost per lot at the brokers we review

Broker	Spread	Commission	Per lot
RoboForexECN	0.0 pipsfrom+ $20 per $1M (≈ $4.34 a lot)	$20 per $1M (≈ $4.34 a lot)	$4.34
Fusion MarketsZero	0.01 pipsaverage+ $2.25 a side	$2.25 a side	$4.60
LiteFinanceECN	0.0 pipsfrom+ $5 a lot	$5 a lot	$5.00
TickmillRaw	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
VantageRaw ECN	0.0 pipsfrom+ $3 a side	$3 a side	$6.00
Elev8Standard	0.6 pipsfromno commission	None (in the spread)	$6.00
ExnessRaw Spread	0.0 pipsfrom+ Up to $3.50 a side	Up to $3.50 a side	up to $7.00
FP MarketsRaw	0.1 pipsaverage+ $3 a side	$3 a side	$7.00
FXTMAdvantage	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
IUXRaw	0.0 pipsfrom+ $7 a lot	$7 a lot	$7.00
PepperstoneRazor	0.0 pipsfrom+ $3.50 a side	$3.50 a side	$7.00
XMUltra Low	0.8 pipsfromno commission	None	$8.00
IC MarketsRaw Spread	0.1 pipsaverage+ $3.50 a side	$3.50 a side	$8.00
AvaTradeStandard	0.8 pipstypicalno commission	None	$8.00

One standard lot (100,000 units) opened and closed, using each broker's cheapest published EUR/USD pricing: spread × $10 plus the round-turn commission. "From" spreads are best-case, so live costs at those brokers are usually higher than shown; "average" and "typical" are the brokers' own published averages. Swaps are not included. Sources: each broker's own site, checked between 30 September and 19 October 2026.

Related guidesFP Markets Spreads

FP Markets swaps and the Islamic account

What is a swap fee?

A swap is interest you pay or earn when you keep a trade open past the daily rollover, because a currency trade borrows one currency to buy another. Many brokers charge three days on Wednesday to cover the weekend. An Islamic or swap-free account removes this interest, sometimes with a fixed admin fee instead.

When you pay	At 00:00 server time (5 pm New York). Forex and metals triple on Wednesday; indices, energies and crypto on Friday.
Example	EUR/USD: −6.47 points long, +2.83 points short (FP Markets swap page).
Islamic account	No swaps, but a nightly admin fee per lot: EUR/USD $6, GBP/USD $3, USD/JPY $15, gold $50, after a 5-night grace period.
No grace period	Some symbols are charged from the first night, such as Bitcoin ($60), US30 ($9) and WTI oil ($53). Unlisted symbols pay normal swaps.

FP Markets Islamic account explained →

FP Markets account types

What is a lot, and what is a cent account?

A standard lot is 100,000 units of currency, a mini lot 10,000 and a micro lot 1,000. A cent account shows your balance in cents, so you can trade very small sizes while you learn. Standard accounts usually cost more in spread; raw accounts cost less in spread but charge commission.

Standard

No fixed min.

Spread from 1.0 pip (1-pip mark-up)
No commission
MT4, MT5, cTrader
Up to 1:500

Raw pricing

Raw

No fixed min.

Spread from 0.0 pips (EUR/USD avg 0.1)
US$3 per lot per side
MT4, MT5, cTrader, TradingView
Adds share CFDs

Account currencies: AUD, USD, EUR, GBP, SGD, CAD, CHF, HKD, JPY and PLN. Individual, joint, corporate and corporate trust accounts. Max 50 lots per forex trade; no limit on open orders.

FP Markets account types compared →

Related guidesFP Markets Minimum Deposit

FP Markets leverage and margin

How do leverage, margin call and stop out work?

Leverage lets you open a bigger position with less money: at 1:100, $100 controls $10,000. It multiplies losses exactly as much as profits. Margin is the money held to keep a trade open; at the margin call level you are warned, and at the stop out level the broker starts closing your trades. Most beginners are safer with low leverage.

Maximum	1:500, set by instrument and your chosen preference (from 1:1)
Margin call	At a 100% margin level, by email
Stop out	At a 50% margin level, closing the largest loss first
Guaranteed stops	Not offered

How FP Markets leverage works →

FP Markets trading platforms

MT4, MT5 or cTrader: what is the difference?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used trading platforms; MT5 is newer, with more markets and tools. cTrader and TradingView are popular for their charts. Expert advisors (EAs) are programs that trade automatically on MetaTrader.

MT4

30 indicators, 31 objects, 9 timeframes. Standard or Raw.

MT5

38 indicators, 44 objects, 21 timeframes and depth of market.

cTrader

70+ indicators, cTrader Automate (C#) and copy trading, on web, desktop and mobile.

TradingView

Raw account through a cTrader ID, with 400+ indicators.

WebTrader runs MT4 and MT5 in the browser with 800+ products. Server time is GMT+2 (GMT+3 in summer). Trades can also be placed by phone through the dealing desk.

FP Markets platforms compared →

What you can trade at FP Markets

FP Markets spread table (September 2026 averages), checked 1 October 2026

What is a CFD?

Most of what brokers offer are CFDs (contracts for difference): you trade the price of gold, an index, a share or a coin without owning it. Spreads differ from market to market and usually widen around big news and when markets open.

Market	Standard average	Raw average
ForexEUR/USD	1.2	0.1
ForexGBP/USD	1.51	0.41
ForexUSD/JPY	1.46	0.37
MetalsGold (XAU/USD)	0.25	0.11
IndicesUS 500	0.25	–
Share CFDsUS, UK, EU, HK, AU	Raw account only	Commission per trade

Forex trades Monday 00:02 to Friday 23:57 server time; crypto 24/5; US shares 16:30–23:00. Raw adds share CFDs to the Standard range of forex, metals, indices, commodities and digital currencies.

FP Markets spreads by account →

FP Markets execution, scalping and expert advisors

What is slippage?

Market execution fills your order at the best price available, which can be slightly different from the price you clicked; that difference is called slippage. Scalping means holding trades for seconds or minutes. A VPS is a remote computer that keeps your platform and EAs running when your own computer is off.

Pricing	Raw prices stream from liquidity providers; FP Markets says there is no dealing-desk intervention and no requotes.
Servers	Equinix NY4 (New York) and LD4 (London).
Styles allowed	Scalping and hedging, with no minimum stop distance.
Expert advisors	Allowed, up to 5,000 actions per 24 hours; above that the account is set to read-only.
Free VPS	Monthly volume above 5 lots (Standard) or 10 lots (Raw) of forex and metals on MT4/MT5, or 20 / 40 lots on cTrader. New traders depositing US$1,000 are sponsored.

FP Markets free VPS →

FP Markets social and copy trading

Is copy trading safe for beginners?

Copy trading automatically copies another trader's positions into your account. Their past results do not guarantee future ones, and you pay them through a profit share or a wider spread. Start with a small amount and keep a stop loss.

Social Trading	On MT4 and MT5: browse provider ratings, choose a copy mode, follow as many providers as you like.
Become a provider	Register in the Client Portal and set your own performance fee and interval.
MAM and PAMM	MAM runs sub-accounts under a limited power of attorney; PAMM pools funds for a manager's fee.
cTrader Copy	Built into cTrader.

FP Markets copy trading guide →

FP Markets deposits and withdrawals

Why does my money go back to the same card or wallet?

To stop money laundering, brokers usually send withdrawals back to the card, bank or wallet you deposited from, and only to an account in your own name. You must be verified to withdraw, and your bank or payment provider can add its own time and fees.

DepositCards, Skrill, Neteller, online banking and crypto (up to an hour) are quick. International wires take 7–10 working days.
RequestDeposits go back to each method first (cards first), then profits to any account in your name.
ArrivesSkrill and Neteller in one business day. No fee on bank wire withdrawals.

You can withdraw with trades open if your free funds cover it. Funding currencies include AUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, CAD, JPY, PLN, CZK and AED. No interest is paid on balances.

FP Markets withdrawals explained →

Related guidesFP Markets Minimum Deposit

FP Markets bonuses and promotions

Can I withdraw a deposit bonus?

A deposit bonus is usually trading credit, not cash. It adds margin to your account, but you cannot withdraw it, only the profits you make, and often only after trading a set volume. Read the terms before you accept one.

Offer	What you get
FP Markets Refer a Friend →	FP Markets pays $50 to $200 for each friend who opens an account with your code, deposits $500 to $10,000 and trades 2.5 to 10 lots of forex or metals.

FP Markets offers no deposit or trading bonuses. Its refer-a-friend programme is covered on its own page.

FP Markets customer support

Hours	24/7, multilingual
Channels	Live chat, email (support.team@fpmarkets.com), phone, callback, WhatsApp, Messenger, Telegram, Instagram and X
Phone	+1 758 457 9557 (toll-free)
Complaints	A Dispute Resolution Process in FP Markets' legal documents

FP Markets support guide →

How we checked this review

Last checked 1 October 2026

Read fpmarkets.com (accounts, funding, spreads, swaps, platforms and legal documents) on 1 October 2026.
Confirmed the ASIC licence on ASIC Connect and the Kenyan licence on the CMA licensee list.
Every figure comes from FP Markets' own pages or a regulator, not from third-party sites.
Scored on the same ten weighted parameters we use for every broker (our methodology).

Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst

Approved byRanjan N. MondolForex Trader

We have not yet tested a live account with FP Markets. When we do, the dated results will appear here.

FP Markets compared with similar brokers

	FP Markets	IC Markets	Tickmill	Fusion Markets
FX Recap score	4.75/5	4.9/5	4.5/5	4.25/5
Minimum deposit	$0	$0 (global)	$100	$0
Spread from	0.0 pips	0.0 pips	0.0 pips	0.0 pips
Max leverage	1:500*	1:5000*	1:1000*	1:500*
Best for	Raw pricing on cTrader and TradingView	Raw spreads, scalping and cTrader	Low raw costs under FCA and CySEC	Low commissions with no minimum deposit
		FP Markets vs IC Markets →	FP Markets vs Tickmill →	FP Markets vs Fusion Markets →

Our verdict on FP Markets

FP Markets is a strong pick for cost-conscious traders who want every major platform: Raw spreads averaging 0.1 pips on EUR/USD for US$3 a side, MT4, MT5, cTrader and TradingView, and no deposit fees. The weak point is where many accounts are held. FP Markets Ltd in Saint Lucia is a registered company, not a licensed broker, and is outside any compensation scheme. If you can open with the ASIC or CySEC company, that is the safer choice.

Visit FP Markets Is FP Markets safe? Full check

We never tell you to trade, so read FP Markets's disclosures first. Our promise

FP Markets trader reviews

What traders say about FP Markets in their own words. These ratings are separate from FX Recap's own score of 4.75, which comes from our review.

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No trader reviews yetBe the first to tell other traders what FP Markets is really like.

Traded with FP Markets?

About two minutes. We read every review before it is published.

For UK readers

FP Markets lists ASIC, CySEC, the CMA Kenya, the FSCA and the FSA Seychelles. None of them is the UK's FCA.

Using an offshore broker from the UK →FCA-regulated brokers for UK traders →

FP Markets questions traders ask

Is FP Markets regulated?

Its Australian company holds ASIC licence AFSL 286354 (since 2005) and its EU company CySEC licence 371/18. But FP Markets Ltd, which serves many other countries, is only registered in Saint Lucia (2025-00853), not licensed, and is not in a compensation fund.

What is the FP Markets minimum deposit?

There is no fixed minimum; your payment method sets it. FP Markets lists a US$100 opening balance for Islamic accounts.

How much does the FP Markets Raw account cost?

US$3 per lot per side, or US$6 a round turn, on top of raw spreads. In September 2026 EUR/USD averaged 0.1 pips on Raw.

How long do FP Markets withdrawals take?

Skrill and Neteller arrive in one business day. Cards and wires take longer; FP Markets suggests asking for a trace after 7 business days for cards and 10 for wires. Bank wire withdrawals carry no FP Markets fee.

Why can an FP Markets withdrawal be delayed?

FP Markets returns deposits to each method first, cards first, and only then pays profits to another account in your name. If a card refund hasn't arrived after 7 business days, ask FP Markets for the ARN; for a wire after 10 business days, ask for the SWIFT copy.

Does FP Markets allow scalping and EAs?

Yes. Scalping and hedging are allowed, there is no minimum stop distance, and expert advisors can run up to 5,000 actions in 24 hours.

Does FP Markets offer a bonus?

No. FP Markets offers no deposit or trading bonuses.

Can I open an FP Markets account from my country?

FP Markets does not publish a list of restricted countries, so its sign-up form shows whether yours is accepted. The country check on this page also flags sanctions and local rules.

Review history

1 Oct 2026Companies, accounts, costs, swaps, platforms and support checked against fpmarkets.com, ASIC Connect and the CMA Kenya list.
26 Feb 2024Review published.