Our take
FP Markets is a Sydney-based broker founded in 2005 and regulated in Australia and Europe. Its Raw account is among the cheapest for forex, it supports MT4, MT5, cTrader and TradingView, and Australian clients can also trade thousands of shares through Iress. There is no minimum deposit on its MetaTrader and cTrader accounts.
- Regulation
- Australia (ASIC) and Europe (CySEC), plus others
- Min deposit
- $0 (MT4/MT5/cTrader)
- Raw ECN
- ~0.3 pip avg + $6/lot
- Standard
- ~1.3 pips avg, no commission
- Platforms
- MT4, MT5, cTrader, TradingView, Iress
- Founded
- 2005, Sydney
Pros
- Low all-in cost on Raw ECN (about 0.9 pips on EUR/USD)
- No minimum deposit on MetaTrader and cTrader accounts
- Wide platform choice, including cTrader and TradingView
- 10,000+ symbols via Iress for Australian clients
Cons
- Mobile app is less capable than the best broker apps
- Research and education trail the industry leaders
- Iress platform fees unless you trade actively
Accounts and costs
| Account | EUR/USD spread | Commission (round turn) | Min deposit |
|---|---|---|---|
| Raw ECN | ~0.3 pip average | $6.00 | $0 |
| Standard | ~1.3 pips average | $0 | $0 |
| Iress (Australia) | Market pricing | Varies | AUD 1,000 |
Figures from ForexBrokers.com’s FP Markets review dated October 8, 2026. Compare your own numbers with the trading cost calculator.
Regulation
FP Markets is regulated in Australia and in Europe, and also serves clients through entities outside those regions. Australian and EU clients get retail protections such as leverage caps and negative-balance protection. Check which entity your account is opened with on FP Markets’ regulation page.
Who it suits
Cost-conscious forex traders who want raw pricing on MetaTrader, cTrader or TradingView, and Australian traders who also want share CFDs. Compare it with Eightcap and Pepperstone on our broker comparison.
FP Markets FAQ
Is FP Markets regulated?
What is FP Markets' minimum deposit?
What does FP Markets charge on Raw?
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Nothing on this site is investment advice.