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Main » FP-Markets Review
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FP Markets Review Australia & Test 2024: Is FP Markets safe or scam?

CFD Crypto
Forex
FP-Markets
Favicon
4.5/5
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Amount of Currencies
12
BTC/USD Spread
62
Go to FP-Markets
Australia
Customers from Australia accepted
T&Cs apply, 18+
FP-Markets
Favicon
4.5/5
Minimum Deposit
100.00€
Deposit Protection
20,000.00€
Maximum Leverage
1:500
Trading Platforms
Android, iOS, MT4, MT5, Custom
Go to FP-Markets
Australia
Customers from Australia accepted
T&Cs apply, 18+
Details
Payment Methods
User Reviews

Chances are you already know that FP Markets is one of Australia’s top online brokers. But this FP Markets review will reveal what it’s really like to trade at this Sydney-based trading site.

The key thing is that FP Markets is safe and its ASIC regulation means that you can safely trade in AUD from Australia. There’s a massive range of trades available, for thousands of instruments like stock and crypto CFDs, as well as top forex pairings. Reason enough to give the free 30-day demo a try.

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Payment Methods
Neteller
PayPal
Bank Transfer
+
License
ASIC - Australian Securities and Investments Commission
Company
First Prudential Markets Pty Ltd
Founded
2005
Website
fpmarkets.com
Available Languages
EN
DE
+
Customer Support
Live Chat, Phone, Email Support
Email
supportteam@fpmarkets.com
Phone
+44 28 2544 7780
Overall Rating
4.5/5
  • Usability, Look & Feel
    4.5/5
  • Mobile App
    4.3/5
  • Payment Methods
    4.4/5
  • Customer Service
    4.3/5
Payment Provider Safety
Neteller high
PayPal very high
Bank Transfer very high
Visa high
Mastercard high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 02/02/2024
Fact checked by: Noah Ezra

Usability - Easy to sign up and use

Our FP Markets review proved that it’s more than possible to start trading at FP Markets in under 10 minutes. Just as we found during our WBroker review, the first thing you need to do is to create an account, which means hitting the Open Live button and then entering in personal information like your name, date of birth, home address and so on.

Once you have provided further information and configured which account type you want, you can make a low deposit and then start trading. There’s a wealth of resources on the site to get you up to speed with the basics of trading, and we enjoyed the handy copy trading feature, that lets you see how expert traders are carrying out their trades.

Accounts – Two options found in this FP Markets review

Alongside the demo account and the Islamic account, you will see two main account options at FP Markets. Both of these can be opened with a deposit of just $100, but there are some important differences to understand.

The Standard Account lets you enjoy commission-free trading and you’ll have spreads available from one pip. However, the Raw Account is commission-based and you’ll get spreads of zero pips here, but pay commission at $2.25 per side.

Trading Platforms – Three main options to consider

Our FP Markets review found that there are three main trading platforms available at this site. There are the industry standard MetaTrader platforms, MT4 and MT5, that will be familiar to anyone who has read our TMGM review, and you’ll also have a chance to access the IRESS trading platform.

Newcomers will probably want to get started on MetaTrader 4, as this features handy tools like one-click trading, and a good range of custom alerts, plus dozens of technical indicators and analytical objects.

Advanced traders will likely prefer MetaTrader 5, as it features extras like the ability to view up to 100 charts at a time, over 20 timeframes, and a handy strategy tester.

The IRESS platform is a good option for anyone who wants to manage multiple portfolios, while benefiting from DMA pricing and a wealth of historical market analysis.

FP-Markets
4.5/5
FP-Markets CFD Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • 12 featured cryptos
  • No need to have a crypto wallet
  • Trade on crypto price movements

Trading Payments - Good range of deposit and withdrawal options

Our FP Markets review has already mentioned the fact that you can start trading with a deposit of just $100, and you’ll be given plenty of options for making this initial payment.

For Australian customers, you can deposit in AUD with credit and debit card brands like Visa and Mastercard, as well as the Skrill and Neteller ewallets. Other payment options include cryptos, and the brand also mentions the likes of BPAY and POLi being featured on its site.

You’ll find that your deposits go through instantly when using either of the  MetaTrader platforms, while it might take up to a day longer for IRESS. Withdrawals are usually processed on the same day that you put in your request.

Neteller
PayPal
Bank Transfer
Visa
Mastercard

Fees – Minimal fees found in this FP Markets review

We found that FP Markets manages to keep its fees on a par with those revealed in our AvaTrade review, and this is a good thing. You’ll see that most trading fees are contained within the spread, although there are minimal fees of 3.50 AUD applied for trading forex and metals via MetaTrader.

Our FP Markets review was pleased to find that you won’t be hit with any deposit fees, and while the brand won’t charge you for withdrawals, you might find modest fees for using some ewallets. Just so you know, there isn’t any kind of account inactivity fee in place at FP Markets.

Customer Service - 24/5 support featured here

FP Markets has professional and responsive customer support that you can access 24/5 within the regular trading week. Just note that support might be more limited at other times.

You can get a fast response from the FP Markets customer care team via the live chat button, although there is also email support and a toll-free telephone hotline. Just don’t forget to check the brand’s FAQ first, as this has a huge range of articles regarding all aspects of using this platform and trading in general.

FP-Markets
4.5/5
FP-Markets CFD Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • 12 featured cryptos
  • No need to have a crypto wallet
  • Trade on crypto price movements

Regulation and Deposit Insurance - Why you can trust FP Markets

FP Markets is a brand that started in Australia back in 2005 and it has earned a good reputation for giving customers a legal and safe way to trade. You can see this reflected in the fact that the brand is fully regulated by ASIC and you’ll benefit from all of the oversight that affords.

In real terms, it means that you will get negative balance protection and all of your funds will be kept segregated. Elsewhere you will find the full range of independent auditing procedures and all of the risk management you need to stay safe.

ASIC - Australian Securities and Investments Commission
CySEC - Cyprus Securities and Exchange Commission
FSCA - South African Financial Sector Conduct Authority

Additional Features - Plenty more to enjoy at FP Markets

You’ll find that FP Markets offers you unparalleled access to seven distinct asset categories and these contain no less than 10,000 instruments. The brand is primarily known for forex trading, although lots of people come here to enjoy trading CFDs for everything from cryptocurrencies to thousands of stocks. Other trading possibilities here include government bonds, ETFs, commodities and indices.

FP-Markets
4.5/5
FP-Markets CFD Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • 12 featured cryptos
  • No need to have a crypto wallet
  • Trade on crypto price movements
FP-Markets Crypto

Crypto trading offer - Trade on BTC, ETH, DOGE and more

FP Markets lets you trade CFDs (Contracts for Difference) for a dozen of the biggest cryptocurrencies. These include the likes of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Solana and Cardano.

Crypto trading costs - Minimal costs included in spread

The good news here is that you won’t face any up front fees for trading crypto CFDs at FP Markets. Instead, you’ll find that all fees are absorbed into the spread. Don’t forget that you can also enjoy leverage of up to 500:1 at this trading site.

Crypto trading conditions - Enjoy the freedom of CFD trading

Don’t make the mistake of thinking that you can directly trade cryptocurrencies at FP Markets. Instead of this, you will be trading crypto CFDs. That means you don’t actually own the digital asset, you’ll be trading on its price movements instead. So, you don’t need to own a crypto wallet, but you can still enjoy the benefits of the volatility for those cryptocurrencies featured at FP Markets.

Conclusion - Making crypto trading simple

FP Markets is a good place for anyone looking to take their first steps into the world of crypto trading. After all, you don’t have to go through the hassle of setting up a crypto wallet, you can just make quick trades based on the price movements of the world’s biggest crypto coins. A good option for anyone looking to diversify their investment portfolio.

FP-Markets
4.5/5
FP-Markets CFD Crypto
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • 12 featured cryptos
  • No need to have a crypto wallet
  • Trade on crypto price movements
FP-Markets Forex

Forex trading offer - Trade a wide range of forex pairings

FP Markets lets you enjoy spot trading on over 70 different current pairings. These include all of the standard major pairings such as AUD/USD, but you’ll also be able to trade many more exotic currencies from Africa, South America and beyond.

Forex trading costs - Minimal forex trading costs here

If you use the Standard Account, any forex trading fees will be included in the spread. However, for the Raw Account, there is a modest fee of $3.50 for forex trading. It’s a small price to pay for being able to access leverage of up to 500:1.

Forex trading conditions - Enjoy 24/5 access to the market

FP Markets lets you trade crypto with a minimum trading size of 0.1 lots. Bear in mind that you can also access forex scalping if you use the MetaTrader 5 platform, and trade in either direction too.

Conclusion - A quality forex trading platform

All forex traders will find something to enjoy at FP Markets. After all, you get access to a vast range of currency pairings that go way beyond major currencies. Not only that, but you can trade on spreads of just 0.0 pips, access high leverage and enjoy going short or long. Perfect for all levels of forex trading.

FP-Markets
4.5/5
FP-Markets Forex
T&Cs apply, 18+
Go to FP-Markets
FP-Markets Highlights
  • Over 70 currency pairings
  • Major, minor and exotic forex featured
  • High leverage possible

FP Markets review FAQ

🪙What is the FP Markets minimum deposit?

You can trade from a minimum deposit of just $100 at FP Markets. This covers both of the main account types.

🔎What are the differences between the FP Markets Raw and Standard accounts?

Raw accounts are commission-based while Standard accounts are commission free. Both offer you a stress-free way to enjoy the best in online trading.

🧐What kind of FP Markets leverage can I get?

It depends on what you are trading. However, the brand states that you can get leverage of up to 500:1 for certain instruments.

Conclusion - Big reasons to trade at FP Markets

Our FP Markets review has shown you lots of good reasons to trade at FP Markets. Not only is this a homegrown brand, but you’ll be able to start trading with low deposits in Australian dollars, and have the regulation of ASIC behind you.

Here at FP Markets you can enjoy trading a massive range of forex pairings or try CFD trading that covers everything from Bitcoin to stocks in major tech companies. We highly recommend that you give the 30-day free trial a go.

FP-Markets
4.5/5
Rating
Go to FP-Markets
Highlights
  • 12 featured cryptos
  • No need to have a crypto wallet
  • Trade on crypto price movements

User Reviews for FP-Markets

No review posted yet.

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CFD Crypto
Forex
FP-Markets
Favicon
4.5/5
  • 12 featured cryptos
  • No need to have a crypto wallet
  • Trade on crypto price movements
Go to FP-Markets
Australia
Customers from Australia accepted
T&Cs apply, 18+
FP-Markets
Favicon
4.5/5
  • Over 70 currency pairings
  • Major, minor and exotic forex featured
  • High leverage possible
Go to FP-Markets
Australia
Customers from Australia accepted
T&Cs apply, 18+
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