scambrokersreview.com| Regulation | ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) |
| Founded | 2005 |
| Min. Deposit | USD 100 |
| Platforms | MT4, MT5, IRESS, cTrader |
| Spread From | 0.0 pips (Raw) |
Overview
FP Markets is an Australian ECN broker founded in 2005 and regulated by ASIC, CySEC, and FSCA. It has built a strong reputation for low-cost trading, fast execution, and a wide range of platforms including the professional IRESS trading system popular with share CFD traders.
Regulation and Safety
FP Markets holds ASIC licence number AFSL 286354 and CySEC licence 371/18. Both are genuine Tier 1/2 regulations with meaningful client protections. Client funds are held in segregated accounts at National Australia Bank and other major institutions. Negative balance protection applies.
Trading Conditions
Raw spread accounts offer EUR/USD from 0.0 pips with AUD 6 round-turn commission. Standard accounts have average spreads of 1.1 pips with no commission. IRESS platform offers direct market access to ASX and international shares. A minimum deposit of USD 100 applies to MT4/MT5 accounts.
Pros and Cons
- ASIC and CySEC regulated
- Very competitive raw spreads
- Offers IRESS for professional share trading
- Wide range of 10,000 plus instruments
- Good educational resources and webinars
- IRESS requires a separate higher minimum deposit
- Fewer payment methods than some competitors
- No guaranteed stop-loss orders on standard accounts
- Customer support can be slow during peak times
Verdict
FP Markets is an excellent broker for traders seeking low-cost ECN execution under proper regulation. The combination of ASIC oversight, raw spreads from 0.0 pips, and the professional IRESS platform makes it a strong choice for both forex and share CFD traders.
