FP Markets Review

FP Markets Review

✔️ 70+ forex currency pairs on MT4
✔️ Low spreads from 0.0 pips
✔️ Trading Education
✔️ Mobile trading apps

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Established in 2005, FP Markets is the longest operating Forex and CFDs broker in Australia. The broker offers traders the convenience of being a one-stop destination for trading forex and CFDs. The range of available instruments includes currencies, commodities, cryptocurrencies, equities, futures and market indices. Through FP Markets’ understanding of its clientele base, the broker is able to offer traders competitive spreads and fast execution of trades hence giving them the confidence of trading in a reliable trading environment. It’s for this reason that the company has acquired 36 industry awards, including Best Global Forex Value Broker Award.

Read our full review to see why this award-winning broker may be the trading destination for you.


Operating for over a dozen years, FP Markets is Australia’s longest operating CFDs broker. The broker is also the leading CFDs broker in the country with the exit of MF Global from the CFDs industry. 

The brokerage firm’s headquarters are based in Sydney Australia and, as an Australian based financial services provider, FP Markets comes under the regulatory oversight of the Australian Investments & Securities Commission (ASIC). ASIC is highly regarded in the financial industry and clients of FP Markets can rest assured that their legal interests are well protected by the regulator.

For European clients, FPMarkets is also regulated by CySEC. This is one of the strongest licenses a broker can have and so you can rest assured you’re trading with a reputable and trustworthy broker.

Other factors which help FP Markets to be the broker of choice, is the fact that they operate with full transparency. Traders’ funds are kept in segregated accounts at Tier 1 banks and the broker’s financial accounts are audited by the leading Australian Auditor BDO. In addition, should ever there be any financial dispute, traders at FP Markets can refer to complaints to the dispute resolution scheme operate by the impartial Financial Ombudsman Service Limited (FOS).

Accounts & Market Access Information

In terms of trading accounts, FP Markets offer 2 main types of trading account for forex trading:

Standard Trading Account

  • Minimum Deposit: $100 AUD or equivalent
  • Maximum Leverage: 500:1
  • Instruments: 50+ FX pairs, Metals, Indices, Commodities, Equities, Cryptocurrencies
  • Commission-free Trading: Yes
  • Spreads: from 1.0 pips
  • Minimum Trade Size: 0.01 Lot

Raw Account

  • Minimum Deposit: $100 AUD or equivalent
  • Maximum Leverage: 500:1
  • Instruments: 50+ FX pairs, Metals, Indices, Commodities, Equities, Cryptocurrencies
  • Commission:  AUD $3.5 per 100,000
  • Spreads: From 0.0 pips
  • Minimum Trade Size: 0.01 Lot

Funding of the above-mentioned trading accounts can be done through:

  • Credit Cards (VISA, MasterCard)
  • Domestic and International Bank Wire Transfer
  • Neteller
  • Skrill
  • PayPal
  • PoliPay
  • BPay
  • Fasapay
  • Paytrust88
  • Ngan Luong
  • Online Pay
  • Broker to Broker

In terms of withdrawal fees, the following fees are applicable:

  • International bank wire: $10 AUD
  • Neteller: 2% – Max. $
  • Skrill: 1% + country fees (if applicable)
  • PayPal: No fees
  • Fasapay: 0.5%
  • Paytrust88: 1.5%
  • Ngan Luong: 1,000 VND + 1%
  • Online Pay: $18 USD
  • Broker to Broker: No fees (domestic)/$25 AUD (international)

Clients may also be charged for depositing, depending on which payment method they use. PayPal and broker to broker payments are free, whilst depositing via international wire transfer may cost you up to $12.5 AUD.

Trading Platforms & The Trading Environment

For trading platforms, there are 3 main types of platforms to choose from at FP Markets. They consist of the IRESS Trading platform, the MT4 & MT5 platforms.

IRESS Trading platform

The IRESS trading platform made its debut in 2017 to replace the IRESSTrader. Based on the HTML 5 web technology, the trading platform is accessible with most updated web browsers. The IRESS platform is geared towards CFD trading and is fully equipped with a wide range of tools to enhance one’s trading abilities. Its features include:

  • Advanced charting capabilities
  • Global markets access
  • Live Price and Newsfeeds
  • Multiple order types
  • Near Instantaneous Execution

MT4 & MT5 Platforms

In addition to the IRESS trading platform, FP Markets has also provided its traders with the popular MetaTrader based platforms. The MT4 and MT5 are renowned for their reliability and power tools that are integrated directly into the platforms. Their main features include the following:

  • Advanced Charting Package
  • ECN Pricing
  • Large selection of technical indicators
  • One click trading
  • Support Automated Trading
  • Supports multiple order types
  • 128bit Encryption

Trading Fees

With access to over 13,000 different types of financial instruments, the spreads and commissions charged by FP Markets are one of the lowest for the online trading industry. Nevertheless, it should be noted that the applicable fees are dependent upon the type of instruments traded. The following tables below show the commissions that are payable on the different asset classes:


ExchangeCommission per Side
FX0 (built into the spread)
Metals0 (built into the spread)
Commodities0 (built into the spread)
Index0 (built into the spread)
Cryptos0 (built into the spread)
Forex (RAW)$3.5 (AUD,CAD,SGD), $3 USD, $2.75 EUR, $2.25 GBP, $20 HKD, $250 JPY
Metals (RAW)$3.5 (AUD,CAD,SGD), $3 USD, $2.75 EUR, $2.25 GBP, $20 HKD, $250 JPY

Equity CFDs

CountryCommission per SideMinimum Charge
Australia0.08%**0 AUD**
Singapore0.15%25 SGD
Hong Kong0.30%100 HKD
London0.10%10 GBP
Frankfurt0.10%10 EUR
NY NYSE2 cents/share15 USD
NY NASDAQ2 cents/share15 USD

Futures CFDs

ExchangeProducts OfferedStandard
EurexDAX (FDAX), SMI (FSMI), DJ Euro Stoxx 50 (FESX)15 EUR
CMEE-Mini S&P500 (ES), E-Mini NASDAQ 100 (NQ)15 USD
CMENikkei 225 USD (NKD)17.5 USD
CMENikkei 225 JPY (NIY)1750 JPY
NYMLight Sweet Crude Oil (CL)15 USD

Customer Support

For customer support, the service is available through email, live chat and the telephone. The hours of operation are however not specified.


Australian brokers are few and far in between in the online industry. However, this does not mean that they are any less reliable than the other brokers we find in the industry. In fact, you hardly hear of any scam brokers originating from Down Under. This is to be expected as ASIC maintains a strict regulatory oversight over the operators in the industry. Given their track record and the product offerings, FP Markets come highly recommended for any traders looking to sign up with a reliable and trustworthy broker.

Welcome Bonus
Min Deposit: $100

Trust & Fairness
Games & Software
Bonuses & Promotions
Customer Support
4.8 Overall Rating

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