Accepts traders from

94.8

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

10,000+Number of instruments

Open Account

100,000+ Traders

Regulated by

CySec

ASIC

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

FPMarkets review

Q: Is FP Markets regulated?

Yes, FP Markets is regulated by two top-tier authorities, namely the Australian Securities and Investment Commission and the Cyprus Securities and Exchange Commission. This ensures all of your personal information and funds are completely safe.

Q: Is FP Markets a scam?

No, FP Markets is not a scam. This firm is one of the best and most reliable brokers available on the market. If it wasn’t, there’s no way it would’ve made our list of recommended brokers , all of which have been tested first-hand by our experts with real money deposits and withdrawals.

Q: What is the minimum deposit at FP Markets?

The minimum deposit at FP Markets is 50 USD/EUR for EU clients and 100 AUD for international clients. While some of the other reviewed brokers offer lower minimum deposits, this is still more than accessible for any serious trader.

Q: Does FP Markets charge commission?

FP Markets charges a commission only on the Raw account, which features lower spreads than the Standard account to compensate. What this means is that, even though you are charged a commission, you won’t see a massive dent in your overall balance.

Q: What FP Markets account types are there?

FP Markets offers two account types, namely a Standard and a Raw account. This broker also provides options for professional traders through Pro versions and Iress-based accounts, giving you plenty of choices whether you’re a new or experienced online trader.

28 October 2020 - Kate Leaman

Our FP Markets review explores an outstanding broker with an excellent track record. Founded in 2005, FP Markets serves clients in more than 80 countries and executes transactions valued at over $1 billion daily. FP Markets offers more than 10,000 tradable products, competitive spreads, and lightning-fast execution on your trades. It is approved by top regulatory bodies including the Australian Securities and Investment Commission and Cyprus Securities and Exchange Commission. FP Markets has won over 35 awards, including the Best Global Forex Value Broker in 2019 and Australia’s Most Intelligent Solution Provider in Forex Trading in 2020.

Over 10,000 tradable assets
Highly competitive spreads
Regulated by the ASIC and CySEC
Best broker for all types of traders
Limited account types

FPMarkets overall scores

In this review, you can find all the information you need to decide whether FPMarkets is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how FPMarkets scored in each of our high-priority categories.

Commissions & Fees

93 Points

Payments

95 Points

Licensing & Safety

96 Points

Customer Service

94 Points

Trading Platforms & Tools

95 Points

Education

96 Points