FP Markets Review 2025: Pros, Cons, Features & How to Start Trading

FP Markets is a globally recognized CFD and forex broker founded in 2005 and headquartered in Sydney, Australia. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), which lends it a strong reputation for regulatory compliance and transparency. This article offers a comprehensive review of FP Markets, highlighting its advantages, drawbacks, key features, and a detailed walkthrough of account registration, KYC, funding, trading, and withdrawal processes.

What is fpmarkets?

FP Markets (First Prudential Markets) is a globally regulated forex and CFD broker based in Sydney, Australia. Founded in 2005, the broker is best known for its competitive trading conditions, including tight spreads, deep liquidity, and access to advanced trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Iress.

It offers clients the ability to trade over 10,000 financial instruments, including:

• Forex pairs (major, minor, and exotic)
• Indices
• Commodities (gold, oil, etc.)
• Stocks and equities
• Cryptocurrencies

FP Markets is regulated by top-tier authorities including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies ensure high levels of client fund protection, transparency, and corporate integrity.

In summary, FP Markets is a professional-grade broker catering to both retail and institutional traders, offering flexible account types, competitive fees, and a robust suite of trading tools suitable for beginners and advanced users alike.

Pros of FP Markets

• Regulated by Top-Tier Authorities
  FP Markets is licensed by ASIC and CySEC, ensuring a high level of client fund protection and regulatory oversight.

• Tight Spreads & Low Commissions
  On its Raw Spread account, spreads can start as low as 0.0 pips with commissions as low as $3 per lot per side.

• Robust Trading Platforms
  Offers MetaTrader 4, MetaTrader 5, and Iress—three powerful platforms suitable for both beginner and advanced traders.

• Wide Asset Range
  Includes forex, commodities, indices, stocks, and cryptocurrencies—over 10,000 trading instruments.

• Advanced Charting & Tools
  Access to trading tools like Autochartist, VPS hosting, and API trading.

• Multilingual Support
  Offers 24/5 customer support in multiple languages via phone, email, and live chat.

Cons of FP Markets

• No Proprietary Trading Platform
  Unlike some brokers, FP Markets lacks a native, in-house developed trading interface.

• Limited Educational Resources
  While adequate for experienced traders, beginners may find its learning content relatively sparse.

• Iress Platform Is Expensive
  Requires higher minimum deposits and fees compared to MetaTrader platforms.

• Cryptocurrency Offering Is Limited
  Fewer crypto pairs available compared to leading competitors.

Key Features of FP Markets

How to Open an Account at FP Markets

Opening an account is straightforward and can be completed within 10 minutes:

1. Visit the official FP Markets website.
2. Click on “Open Live Account”.
3. Select Account Type – Choose between individual, joint, or corporate.
4. Fill Personal Details – Name, email, phone number, and country of residence.
5. Set up Login Credentials – Create a secure password.
6. Choose Trading Platform & Account Type – MT4, MT5, or Iress; Raw or Standard.
7. Agree to Terms & Conditions and proceed.

FP Markets Registration and KYC Process

To comply with anti-money laundering (AML) regulations, FP Markets requires identity verification:

1. Upload Identity Proof
   Acceptable documents include a passport, national ID card, or driver’s license.

2. Upload Proof of Address
   Recent utility bill, bank statement, or official government correspondence (not older than 3 months).

3. Verification Timeline
   KYC processing usually takes 1–2 business days.

4. Optional Financial Questionnaire
   May be asked about trading experience, source of funds, and risk tolerance.

How to Deposit Funds at FP Markets

FP Markets offers a wide range of funding methods with minimal fees:

Minimum Deposit:

• $100 for MetaTrader accounts
• $1,000 for Iress accounts

How to Trade on FP Markets

1. Download Platform

Choose and install MT4, MT5, or Iress on your desktop, mobile, or browser.

2. Login to Your Trading Account

Use the credentials provided after registration.

3. Select Trading Instrument

Search for your preferred asset—forex pair, stock, index, etc.

4. Analyze the Market

Use technical indicators, charting tools, and economic calendars.

5. Place Trade

• Choose order type (Market, Limit, Stop)
• Set volume (lot size)
• Configure stop-loss and take-profit levels
• Execute the order

6. Monitor & Close Trade

Track open positions and close manually or automatically via conditions.

How to Withdraw from FP Markets

Withdrawals are processed efficiently, usually within 1 business day:

Steps to Withdraw:

1. Login to the Client Portal
2. Navigate to the “Funds” tab
3. Click on “Withdraw”
4. Choose your preferred method and amount
5. Submit the withdrawal request

FP Markets Alternatives

If you’re exploring similar brokers, here are some noteworthy alternatives:

Conclusion

FP Markets offers a compelling blend of competitive pricing, excellent trading platforms, and strong regulatory backing, making it a solid choice for both novice and professional traders. While it may lack a proprietary platform and offer fewer educational resources, its deep liquidity, ultra-low spreads, and wide range of trading instruments provide a high-quality trading environment.

Frequently Asked Questions (FAQ)