FP Markets review

Introduction

FP Markets is a well-established Australian-based global Forex and CFD broker that has been serving traders since 2005. Founded nearly two decades ago and headquartered in Sydney, the company has built a strong reputation in the international trading community under the leadership of CEO Craig Allison. This FP Markets review examines a forex broker that operates as a hybrid model, combining ECN/A-book execution with access to over 10,000 instruments across multiple asset classes including forex, shares, indices, commodities, and cryptocurrencies.

Trading Conditions

FP Markets operates using a hybrid broker model, offering competitive trading conditions across its platform offerings. The broker provides CFD trading with spreads starting from 0.0 pips on Raw accounts, while Standard accounts feature spreads from 1.0 pips on forex pairs. Raw account holders pay a commission of $6 per lot, whereas Standard accounts operate commission-free.

Leverage varies by asset class, with forex trading available up to 1:500, indices up to 1:200, and cryptocurrency trading limited to 1:50. The minimum deposit requirement is $100, making the broker accessible to retail traders. Trade sizes range from 0.01 lots minimum to maximums varying by instrument - 50 lots for forex, 200 lots for indices, and 10 lots for cryptocurrencies.

Trading Platforms & Instruments

The broker supports three major trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each platform offers identical trading conditions and access to the same account types. Currently, forex is the primary asset class listed, though the broker's description indicates access to over 10,000 instruments across multiple categories including shares, indices, commodities, and cryptocurrencies.

Account Types

FP Markets offers two main account types across all platforms:

• Standard Account: Features wider spreads but no commission charges, suitable for traders who prefer simplified pricing
• Raw Account: Offers tighter spreads starting from 0.0 pips but charges $6 commission per lot, ideal for high-volume traders

Both account types support advanced trading features including hedging, Islamic swap-free accounts, copy trading, expert advisors, high-frequency trading, and negative balance protection.

Deposit & Withdrawal Methods

FP Markets provides diverse funding options to accommodate global clients. Deposit methods include credit/debit cards, e-wallets, bank wire transfers, and cryptocurrency, with most methods processing instantly except bank wires (1-5 business days).

Withdrawal processing times vary by method: e-wallets process within 1 business day, credit/debit cards take 1-5 business days, bank wires require 2-5 business days, and cryptocurrency withdrawals process within 1-3 business days. Most methods are fee-free, with bank wire withdrawals incurring $10-20 charges.

Customer Support

The broker provides comprehensive customer support through multiple channels including 24/7 live chat, email (support@fpmarkets.com), and phone support (+44 20 3148 9393). Response times are typically within hours, and the company maintains active social media presence across Twitter, YouTube, Facebook, LinkedIn, and Instagram.

Who Is FP Markets Best For?

Based on its trading conditions and features, FP Markets appears well-suited for various trader types. The low $100 minimum deposit makes it accessible for beginners, while the Raw account's competitive spreads and institutional-grade platforms appeal to experienced traders. The hybrid model and extensive platform support benefit both manual traders and those using automated strategies. However, potential clients should verify current regulatory status, as this FP Markets review found the regulation field marked as "pending." Those asking "is FP Markets legit" or "is FP Markets safe" should confirm current licensing before opening accounts.