FP Markets Review 2026

The key question is whether Raw's commission-based pricing and platform options suit your trading, and whether the entity available in your location offers the terms and protections you require.

Legal Entities by Client Region

Protection by Entity

FP Markets says it holds client funds separately from company capital in trust accounts with AA- rated banks and offers negative balance protection. The terms of that protection may depend on the regional entity and account type. Eligible retail clients of its CySEC-regulated EU entity may have Investor Compensation Fund cover of up to €20,000; non-EU entities generally do not offer this scheme.

Corporate Transparency and Ownership

Founded in 2005, FP Markets is privately held rather than publicly traded.

Representative Trading Costs

Raw's $3 commission is charged per side, so a completed trade incurs commission on both entry and exit. Consider reported average spreads alongside account-specific pricing and commission rather than treating them as a single universal cost.

Costs Outside the Trade

Trade frequency, account type and holding time shape the cost profile. Raw adds commission to each side of forex and metals trades, while holding positions overnight may add financing costs regardless of the entry spread.

Raw Pricing Trades a Wider Account Choice for Commission

The Raw account advertises spreads from 0.0 pips and charges $3 per side per lot on forex and metals. This structure separates commission from the spread, but charges it on both entry and exit. The Standard account instead builds costs into a wider spread and charges no FX commission. Neither advertised starting spread guarantees the spread available for a particular trade.

Platform Breadth Comes with Different Automation Environments

MT4 and MT5 support desktop Expert Advisors, cTrader supports cBots, and TradingView offers charting and strategy tools. TradingView is available for Raw accounts; unattended live execution requires a compatible broker, API or bridge. When selecting a platform for automation, distinguish desktop development tools from the capabilities of web and mobile versions.

Leverage and Protection Depend on the Client Route

FP Markets advertises leverage up to 1:500 for forex in some international or professional-account circumstances, while UK and EU retail forex leverage is capped at 1:30. Client protections and compensation arrangements also differ by entity. Clients seeking a particular leverage limit or protection scheme should consider the contracting entity, not just the broker's global headline.

Account and Platform Compatibility

Platform-Specific Differences

MT4 and MT5 are available on web, desktop and mobile, but their full Expert Advisor and custom-code environments are desktop/VPS-centric. cTrader is available on web, Windows/macOS and mobile. cBots can run in the cloud, but their creation, backtesting and optimisation centre on Windows or Mac. TradingView is available on web, desktop and mobile, though Pine strategies alone do not provide universal unattended live execution.

Mobile Trading Experience

MT4, MT5 and cTrader have mobile apps for iOS and Android. Full coding, testing and custom-automation environments remain desktop- or VPS-centred, so mobile is suited to trading and monitoring rather than desktop strategy development.

Practical Setup Assessment

Manual traders can choose MT4, MT5 or cTrader; TradingView is also available on Raw accounts. Active traders can compare Standard's commission-free forex and metals pricing with Raw's spread-plus-commission model. Automated traders can use MetaTrader Expert Advisors, cTrader cBots or cTrader Open API. FP Markets also offers VPS hosting, free when monthly volume requirements are met. Copy trading is available through FP Markets Social Trading and third-party options including Myfxbook AutoTrade.

Entering the Market

FP Markets offers ECN/STP account models: Raw uses commission-based pricing with spreads from 0.0 pips, while Standard incorporates its charge into spreads from 1.0 pip. In fast-moving or thin markets, orders may be filled above or below the requested level. During high-impact news, spreads can widen and slippage may occur, including on stop-loss orders.

Leverage

Leverage sets an exposure limit; it does not indicate expected return. The applicable cap depends on the product and account route, so forex leverage should not be assumed for other markets.

Margin Calls and Stop-Outs

The margin call level is 100% and the stop-out margin level is 50%. These thresholds affect when an account may require additional funds or positions may be closed as margin falls.

Trading Restrictions

Share CFDs do not confer ownership or voting rights. Instrument counts indicate market breadth, not the quality or suitability of any individual market.

Account Opening and Verification

FP Markets requires KYC and anti-money-laundering checks before activating a live account. Clients typically submit a colour copy of a passport, national ID card or driving licence, along with a utility bill or bank statement issued within the previous six months as proof of address. Standard and Raw MT4/MT5 accounts have a minimum deposit of $100 or the equivalent in another accepted currency. IRESS accounts for share CFDs and DMA require $1,000.

FP Markets does not accept clients from the following countries or territories: United States, Afghanistan, Albania, Angola, Bahamas, Bahrain, Belarus, Belgium, Bolivia, Botswana, Brunei, Cambodia, Cameroon, Republic of the Congo, Costa Rica, Ivory Coast, Croatia, Cuba, Democratic Republic of the Congo, Dominican Republic, Ecuador, El Salvador, Eswatini, Ethiopia, Haiti, Hong Kong, Iran, Iraq, Jamaica, Jordan, Kuwait, Laos, Lebanon, Lesotho, Libya, Luxembourg, Madagascar, Malta, Mauritius, Mongolia, Montenegro, Mozambique, Myanmar, Namibia, Nepal, New Zealand, North Macedonia, Oman, Palestine, Panama, Papua New Guinea, Paraguay, Puerto Rico, Qatar, Réunion, Rwanda, Serbia, Slovenia, Somalia, Syria, Taiwan, Tanzania, Trinidad and Tobago, Tunisia, Uganda, Uruguay, Yemen, Zambia and Zimbabwe.

Deposit Methods

Withdrawal Methods

Payment Rules

Available payment methods depend on the provider, account location and payment route. Card withdrawals are limited to supported payout or refund routes; Apple Pay and Google Pay refunds return to the original linked payment method. Cryptocurrency payments must use the asset, network and address shown at checkout.

Customer feedback often describes support as prompt and practically helpful. Less frequent concerns relate to unclear communication and lengthy verification cases.

Trading Central and Autochartist provide market-analysis resources, while courses and guides support learning. Neither research ideas nor sentiment indicators constitute personalised advice.

FP Markets offers a choice between Raw pricing, with spreads from 0.0 pips plus a separate commission, and a commission-free Standard account, alongside several platform and automation options. These features are relevant to active traders comparing expected spread and commission costs and using tools suited to MT4, MT5 or cTrader.

Advertised pricing does not determine the full cost: average spreads differ from minimums, overnight financing applies, and leverage and protections depend on the client's entity and classification. IRESS share-CFD accounts also have a higher $1,000 minimum than Standard and Raw accounts. Traders who require a particular local compensation scheme, fixed retail leverage, direct share ownership or a single uniform entity structure may find the setup less suitable.

Review method: FxFind’s assessment draws on broker product and account information, regulatory and entity details, platform and payment specifications, market-resource information, asset reference data and FxFind category scores. See the FxFind Broker Review Methodology for scoring criteria and weightings.