FP Markets is an Australian-based powerhouse that excels in execution speed and cost transparency. It provides a bridge between retail trading and institutional pricing, particularly through its Raw ECN account which utilizes a deep pool of top-tier liquidity providers.
Pros/Cons: Industry-leading execution speeds and a massive asset library; however, the most extensive stock list is tied to the Iress platform which carries higher monthly costs and data fees.
Fees: Exceptional for active traders. The Raw account offers spreads from 0.0 pips with a competitive $3 per side commission.
Account Opening: Highly accessible with a $100 AUD (or equivalent) minimum deposit and a streamlined digital verification process.
Instruments: A global giant offering 10,000+ tradeable assets, including 70+ Forex pairs and a massive directory of global share CFDs.
Platforms: One of the most diverse lineups in 2026, featuring MT4, MT5, cTrader, TradingView, and the specialized Iress suite for equities.
Safety: Tier-1 security. Regulated by ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and CMA (Kenya).
FP Markets is built for cost-efficiency, specifically targeting traders who are sensitive to the "bid-ask" spread. Their 2026 fee structure remains one of the most aggressive in the ECN space.
- Raw ECN Account: This is the flagship choice. You get institutional spreads starting at 0.0 pips and pay a flat commission of $3.00 per side ($6.00 round turn).
- Standard Account: A zero-commission model where the cost is built into the spread. Average EUR/USD spreads typically hover around 1.2 pips.
- Iress Fees: Trading shares via Iress involves exchange-specific commissions (e.g., 0.1% for AU shares) and potential monthly platform fees, which are often waived for active traders.
- Non-Trading Fees: Most deposit methods are free, and they frequently cover international bank transfer fees for deposits over $10,000.
The onboarding process is optimized for the modern digital environment, ensuring that traders can go from "sign-up" to "live-market" with minimal friction.
- Minimum Deposit: $100 AUD (or equivalent in 12 available base currencies including USD, EUR, GBP, and SGD).
- Verification: Uses automated electronic verification for many countries, allowing accounts to be cleared in under an hour in many instances.
- Account Types: Beyond the Standard and Raw accounts, they offer specialized Islamic (Swap-Free) accounts for Sharia compliance and a robust Pro Account for high-leverage eligibility.
FP Markets offers a "revolutionary fleet" of platforms, ensuring that every type of trader—from the mobile-only user to the professional equity specialist—has a home.
- MetaTrader 4 & 5: The core offering for Forex and CFD traders, optimized with a "Traders Toolbox" that adds 12+ professional trading tools to the interface.
- cTrader & TradingView: Modern alternatives for those who prefer advanced charting, cloud-based setups, and a more intuitive user interface.
- Iress (ViewPoint/Trader): A professional-grade suite for advanced share trading, offering Direct Market Access (DMA) and institutional-level order functionality.
- FP Markets App: A proprietary mobile solution that allows for full account management and trading on the go with a personalized "favorites" menu.
FP Markets provides one of the largest instrument menus in the industry, particularly for those looking to diversify beyond just Forex.
- Forex: 70+ currency pairs, including a deep list of emerging market exotics.
- Shares & CFDs: A staggering 10,000+ share CFDs covering global exchanges in the US, UK, Europe, and Asia-Pacific.
- Commodities & Indices: 19+ global indices and a wide array of commodities including Gold, Silver, Oil, and softs like Coffee and Wheat.
- Crypto & ETFs: Access to 12+ major Cryptocurrency CFDs and 46+ ETFs, providing broad market exposure from a single margin account.
Established in 2005, FP Markets is one of the most "tried and tested" brokers globally. Their multi-jurisdictional regulation provides a safety net for a wide range of international clients.
- Tier-1 Regulation: Authorized and regulated by the Australian Securities and Investments Commission (ASIC) and the CySEC (Cyprus).
- Broad Oversight: Additionally regulated by the FSCA (South Africa) and the CMA (Kenya) for regional operations.
- Client Protections: Funds are held in segregated accounts at top-tier banks (like Commonwealth Bank). European clients also benefit from Negative Balance Protection and the ICF compensation scheme (up to €20,000).
FP Markets is the premier choice for the "Performance-Driven Scalper." If your strategy relies on getting the absolute lowest spread and the fastest possible fill on your orders, the combination of their Raw ECN pricing and NY4 server infrastructure is world-class.
Recommendation: A strong "Yes" for active traders. While the Iress platform is the jewel for stock traders, the MetaTrader and cTrader setups provide an affordable, high-speed gateway for anyone looking to trade the global FX and CFD markets with minimal overhead.
If you are moving from a demo to a live account, start with the Raw ECN Account rather than the Standard one. While paying a commission feels counter-intuitive to a beginner, the 0.0 pip spreads make it much easier to manage your risk and calculate your break-even points, especially on fast-moving assets like Gold or the Dow Jones.
Yes, FP Markets is regulated by ASIC (Australia) and CySEC (Cyprus), and is one of Australia's most established ECN brokers.
The minimum deposit for FP Markets is $100 on its Standard account and $100 on its Raw account.
Yes, FP Markets' Raw account offers spreads from 0.0 pips with a commission of $3 per side per lot, making it highly competitive for active traders.
FP Markets supports MT4, MT5, cTrader, and Iress, offering one of the widest platform selections of any Australian broker.
Yes, FP Markets is ASIC-regulated and based in Australia, making it a trusted choice for Australian traders seeking a locally regulated ECN broker.