FP Markets Review & Analysis
Australian ECN specialist offering raw spreads and diverse platform choices.
FP Markets
Last Verified: October 2026Pakistan Residency & Legal Framework Notice
Residency Status: Pakistani traders accepted via international entity with Islamic swap-free options.
Disclaimer: International online brokerages operate under foreign financial jurisdictions and are not locally registered or licensed by the Securities and Exchange Commission of Pakistan (SECP) or the State Bank of Pakistan (SBP). Cross-border foreign currency remittances and off-exchange retail derivative trading carry high market risk. Ensure you comply with all local tax and foreign exchange laws.
Regulatory Oversight & Licences
Regulatory supervision is the most critical factor when selecting an international trading partner. FP Markets maintains registrations across the following financial regulatory authorities:
Pros & Considerations
A balanced, objective evaluation of FP Markets based on real trading parameters.
Strengths
- ASIC regulated with nearly two decades of operational history
- Competitive raw spread pricing ($3 per side commission)
- Wide platform selection: MT4, MT5, cTrader, and TradingView
- Direct market access (DMA) share CFD trading via Iress
Considerations
- Iress platform requires a higher minimum deposit ($1,000+)
- Does not accept US clients
- Customer service localized in English during standard hours
Trading Platforms & Software
FP Markets offers access to several world-class execution engines tailored for automated trading, mobile monitoring, and multi-asset charting:
Account Types & Islamic Swap-Free Conditions
Traders can choose from several tiers depending on their capital size and execution preferences:
Standard
Designed for traders utilizing Standard conditions with standard or raw pricing.
Raw ECN
Designed for traders utilizing Raw ECN conditions with standard or raw pricing.
Iress Account
Designed for traders utilizing Iress Account conditions with standard or raw pricing.
Islamic Swap-Free Policy
Status: Islamic swap-free accounts available on MT4 and MT5.
Under Sharia principles, overnight roll fees (riba) are prohibited. With eligible swap-free accounts, positions held open past 5:00 PM New York time do not incur or generate debit/credit interest charges. Please review terms regarding maximum holding periods and administrative fees for exotic currencies.
Suitability & Verdict
Ideal For: Traders wanting flexible multi-platform options (MT4/MT5/cTrader/TradingView) with ASIC oversight.
Frequently Asked Questions
Is FP Markets regulated by ASIC?
Yes, First Prudential Markets Pty Ltd holds Australian Financial Services Licence (AFSL 286354).
Regulatory Risk Warning
CFDs and leveraged financial derivatives are complex financial instruments that carry a high level of risk due to leverage. Between 70% and 80% of retail investor accounts lose money when trading CFDs with online providers. You should carefully consider whether you understand how financial derivatives work and whether you can afford to take the high risk of losing your capital.