FP Markets Review 2026

FP Markets operates through a group structure with regulation in several jurisdictions. The regulator list includes ASIC, CySEC, FSCA, FSA, and CMA. Public licences and registrations include Saint Lucia registration 2025-00853, ASIC AFS Licence No. 286354, CySEC Licence No. 371/18, FSCA FSP Number 50926, Seychelles FSA License No. SD130, and Kenya CMA Licence No. 103.

The headquarters address is Ground Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia. Eligible retail clients under the CySEC-regulated EU entity can have Investor Compensation Fund cover up to €20,000. Non-EU entities generally do not provide this compensation scheme.

Client funds are held in segregated accounts. This means client money is kept separate from company operating funds. FP Markets also offers negative balance protection for retail clients, which means a retail client account cannot owe more than the deposited funds after extreme market moves.

KYC verification is required before full account use. The broker checks identity and address documents as part of the onboarding process. This is a standard requirement for regulated forex and CFD brokers.

Spreads

FP Markets uses floating spreads. The Standard account starts from 1.0 pips, while the Raw account starts from 0.0 pips. The listed average spread on EUR/USD is 1.24 pips, GBP/USD is 1.42 pips, Gold is 1.41 pips, and the S&P 500 CFD is 0.6 points.

Commission

The Standard account is commission-free for forex because the broker's cost is built into the spread. The Raw account charges a commission. On USD accounts, the forex and metals commission is $3 per lot per side, or $6 per round turn.

Commodities, indices, shares, and cryptocurrencies are commission-free, with costs built into the spread. Equity CFD commission can apply on share products, depending on the exchange and account setup.

Swap Fees

Overnight swap fees apply when positions stay open past the daily rollover time. Swap can be charged or credited based on the instrument, trade direction, and interest-rate difference. Triple swaps are applied on Wednesday to cover weekend settlement.

Islamic accounts are swap-free on selected instruments. These accounts replace standard overnight interest with Islamic account terms and specific account conditions.

Deposit, Withdrawal, Inactivity, and Conversion Fees

FP Markets charges no deposit, withdrawal, inactivity, or currency conversion fees. This keeps the non-trading fee structure simple for beginners. Traders should still check third-party bank or payment-provider charges, because external providers can apply their own fees.

Deposit Methods

FP Markets deposit methods include Visa, Mastercard, Skrill, PayPal, POLi, Apple Pay, and Google Pay. Bank transfer funding is also part of the funding process and has a longer processing time than cards and e-wallets.

Withdrawal Methods

Withdrawal methods include Wire Transfer, Visa, Mastercard, Skrill, PayPal, Apple Pay, and Google Pay. Withdrawal options can depend on the original funding method, account entity, and compliance checks.

Deposit Processing Time

Card, e-wallet, and crypto deposits take up to 1 hour. Bank transfer deposits take 7 to 10 business days. This makes cards and e-wallets faster for small account funding, while bank transfers suit larger transfers that do not need instant funding.

Withdrawal Processing Time

Card withdrawals take 5 to 10 business days. Bank transfer withdrawals take 3 to 5 business days. Withdrawal speed can also depend on the receiving bank and payment provider.

Supported Funding Currencies

Deposits can be made in AUD, USD, EUR, GBP, SGD, and more. Base account currencies include USD, EUR, GBP, SGD, CHF, CAD, JPY, HKD, PLN, ZAR, MXN, and BRL.

Forex

FP Markets offers more than 70 currency pairs, including major, minor, and exotic pairs. Popular pairs include EUR/USD, GBP/USD, and USD/JPY. Forex trading is available 24/5, and maximum leverage is up to 1:500 for eligible clients. Retail leverage can be lower under stricter regulatory rules, such as 1:30 on major currency pairs.

Stocks

FP Markets offers stock CFDs through its multi-asset product range. Stock CFDs give traders exposure to share-price moves without owning the underlying shares. Leverage on stocks is normally lower than major forex leverage because single-share CFDs carry higher company-specific risk.

Indices

Index CFDs allow traders to trade the price movement of stock-market baskets such as the S&P 500 and other global indices. FP Markets offers 9 major global indices and 6 non-major global indices.

Commodities

Commodity CFDs include markets such as coffee, natural gas, corn, oil, and other raw materials. Commodity prices can react to supply data, weather, storage reports, and global demand. Leverage on commodities depends on the instrument and client jurisdiction.

Metals

Metal CFDs include gold, silver, platinum, and more. Gold is often used by traders during market uncertainty, but it can move fast during inflation data, central-bank events, and changes in the US dollar.

Bonds

Bond CFDs are available as part of the wider FP Markets instrument list. Bond CFDs let traders take positions on fixed-income price movements. These products react to interest rates, inflation expectations, and central-bank policy.

ETFs

FP Markets offers ETF CFDs, including more than 200 ETF CFDs in its product materials. ETF CFDs can track baskets of shares, commodities, bonds, or sectors. They help traders get diversified exposure from one CFD position.

Cryptocurrencies

Cryptocurrency CFDs include digital-currency markets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Crypto CFDs are restricted in some jurisdictions. UK retail clients are not allowed to trade products that reference crypto assets, including crypto CFDs.

Leverage and Trading Restrictions

Maximum leverage is up to 1:500 for eligible clients, but leverage is not the same for every trader or asset class. Major forex pairs usually have the highest available leverage. Stocks and cryptocurrencies usually have lower available leverage. Retail clients under stricter rules receive lower limits than professional or eligible clients.

Restricted countries include United States, Canada, Japan, New Zealand, Belgium, Syria, Iran, Iraq, Afghanistan, Liberia, Libya, Somalia, Sudan, and Yemen.

MetaTrader 4

MetaTrader 4 is available for forex and CFD trading. It supports charting, order management, Expert Advisors, custom indicators, and automated strategies. MT4 includes around 30 built-in indicators and 24 graphical objects. It is practical for traders who use classic forex tools and simple automated systems.

MetaTrader 5

MetaTrader 5 offers a wider multi-asset setup than MT4. It supports market analysis, order management, mobile trading, and Expert Advisors. MT5 is useful for traders who want more asset coverage and a more modern trading terminal while keeping the MetaTrader workflow.

cTrader

cTrader is available on desktop, web, Android, and iOS. It supports advanced charting, Level II pricing, diverse order types, algorithmic trading through cTrader Automate, copy trading, social trading, and Open API access for custom trading applications.

cTrader offers chart timeframes from 1 minute to monthly. It also provides several chart types, including candlestick, bars, HLC, line, Heikin, dots, Renko, and tick. cTrader has more than 70 in-house technical indicators.

TradingView

TradingView is available through FP Markets for traders with an integrated cTrader ID. It offers advanced charts, real-time data, technical analysis, and social trading features. TradingView provides over 20 chart types, 110+ drawing tools, 400+ built-in indicators, and access to more than 100,000 public indicators and community scripts.

Mobile Trading

FP Markets supports Android and iOS trading. Traders can use mobile apps for chart checks, order placement, account monitoring, and position management. The broker also offers broker-branded mobile access, while the core platform ecosystem is based mainly on third-party platforms.

Copy Trading and Social Trading

Copy trading and social trading are available. FP Markets supports its social trading setup, Myfxbook AutoTrade, and Signal Start. Traders can follow strategy providers and copy trades automatically. Beginners should still use risk limits, because copied trades can lose money during volatile market conditions.

API Trading and Automated Trading

FP Markets supports automated trading through MT4 and MT5 Expert Advisors, cTrader Automate, cTrader Open API, and FIX API connectivity for professional and institutional clients. This is useful for traders who use algorithmic systems, custom tools, and high-frequency workflows.

VPS Hosting

FP Markets offers VPS hosting for MT4, MT5, and cTrader. The service is designed for Expert Advisors and algorithmic strategies that need 24/5 uptime. VPS hosting can reduce downtime caused by local internet or power issues.

For MT4 and MT5, FP Markets covers the VPS subscription fee when the trader has monthly trading volume above 5 lots of forex and metals on a Standard account, or above 10 lots on a Raw account. For cTrader, the requirement is above 20 lots on a Standard account, or above 40 lots on a Raw account. New VPS users can be sponsored after a minimum deposit of $1,000, but the required monthly volume still applies.

Account Opening Process

The account opening process follows three main steps. First, the trader registers and chooses an account type. Second, the trader completes KYC verification. Third, the trader funds the account and starts trading from the selected platform.

KYC verification is required for new accounts. Traders need to verify their identity and address. The broker can request identity documents, proof of residence, payment verification, and additional compliance information. This process is part of standard regulated-broker onboarding.

FP Markets offers 24/7 customer support through live chat, email, phone, callback service, and help center. The contact email is [email protected], and the phone number is +1 758 457 9804.

Support quality is strong in terms of response speed. Live chat response time is under 30 seconds, and email first response time is around 30 minutes. Supported languages include Arabic, Dutch, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Chinese Mandarin, Polish, Portuguese, Russian, Spanish, Thai, and Vietnamese.

FP Markets’ support appears fast, polite, and acceptable. When asked what would happen if the company became insolvent, the agent took time to check the information and then gave a direct answer:

“Please be aware that in the unlikely situation of Bankruptcy/Insolvency, client funds will be refunded to clients from the client funds accounts.”

This response is relevant because it addresses the insolvency question and explains that client funds would be returned from client fund accounts. However, the answer was still limited. The agent did not provide any links to FP Markets’ website, legal documents, client money policy, or regulatory pages to support the statement. The response also did not explain the exact client fund segregation rules, the legal entity involved, or whether any investor compensation scheme applies.

Overall, FP Markets’ live chat support is quick and gives a clear basic answer. The quality is acceptable for general support, but for an important risk-related topic like insolvency, the answer would be stronger if it included official references and more detailed policy information.

FP Markets offers market research through FP Markets Intelligence, daily market commentary, expert insights, Traders Toolbox, economic calendar, and news feeds. Trading Central is also available through the client portal. It includes technical views, market commentary, Market Buzz, economic insight, technical insight, and daily newsletters.

The research tools are useful for traders who follow market-moving events, support and resistance, trend direction, and volatility. Beginners can use the economic calendar to understand why spreads and slippage can change around central-bank decisions, inflation data, jobs reports, and other high-impact releases.

FP Markets provides courses, guides, webinars, podcasts, events, tutorials, eBooks, and a glossary. The education section covers platform use, forex basics, CFD trading, trading terms, and strategy topics.

The glossary is useful for beginners because it explains terms such as bid, ask, spread, equity, margin, and account balance. Platform tutorials help new traders learn MT4, MT5, cTrader, and TradingView without relying only on live trading practice.

Deposit Bonus

FP Markets does not offer a deposit bonus for all clients. Regional promotions can have separate rules, including a $500 minimum deposit condition. Bonus availability depends on the entity and local rules.

No-deposit Bonus

FP Markets does not offer a no-deposit bonus. This is common for regulated forex and CFD brokers because bonus rules are restricted in several regions.

Welcome Bonus

FP Markets does not offer a welcome bonus for all new clients. Instead, the broker offers a Refer a Friend program. The referral bonus can reach up to $200 when the referred client opens, funds, and trades the required volume.

The referral bonus scale is straightforward. A $500 initial deposit and 2.5 traded lots gives a $50 bonus. A $1,000 deposit and 5 traded lots gives a $100 bonus. A $5,000 deposit and 7.5 traded lots gives a $150 bonus. A $10,000 deposit and 10 traded lots gives a $200 bonus. The maximum number of referrals is 3 per calendar year.

Affiliate Program

FP Markets has an affiliate and introducing-broker program. Affiliates can earn up to $800 CPA for qualified clients. Introducing Brokers can receive custom deals. The program includes real-time tracking, multi-tier structures, affiliate portals, and 24/5 reporting.

Loyalty Program

FP Markets does not offer a traditional points-based loyalty program for all traders. Active traders can still access separate incentives through referral, partnership, Introducing Broker, affiliate, and professional-account structures.

FP Markets is a practical broker for traders who want ECN pricing, multiple platforms, and a wide CFD product list. The $100 minimum deposit makes Standard and Raw accounts accessible, while the Raw account gives tighter spreads with a clear $3 per-side commission on USD forex and metals trades.

For beginners, the main strengths are simple account choices, demo access, strong platform coverage, 24/7 support, and useful education. For active traders, the stronger points are raw spreads from 0.0 pips, permission for scalping, hedging, and news trading, API access, VPS hosting, and copy trading tools.

The main drawbacks are slower bank-transfer processing, card withdrawals taking 5 to 10 business days, no standard global welcome bonus, and jurisdiction-based limits on leverage and crypto CFDs. Traders who want a broker with a proprietary platform ecosystem may also prefer another option, because FP Markets mainly uses third-party platforms.

Overall, FP Markets fits traders who care more about platform choice, low trading costs, and flexible execution tools than bonus campaigns. Beginners should start with demo trading, use small lot sizes, and understand margin before using high leverage.