FP Markets Review 2026

FP Markets offers the most instruments of any ECN broker and the lowest round-turn commission at $6/lot — making it objectively cheaper than IC Markets for high-volume trading. A strong option for traders who want ASIC protection without paying a premium for it.

Category Scores

Key Stats

Overview

FP Markets has been operating since 2005 out of Sydney — one of the longer-established ASIC-regulated brokers. It's built a strong reputation among cost-conscious professional traders by offering the cheapest ECN commission of any ASIC broker at $6 per lot, alongside access to 10,000+ instruments including CFD stocks, commodities, and indices.

Five platform options — MT4, MT5, cTrader, TradingView, and Iress — give FP Markets more trading infrastructure variety than any other broker on this list. If you want ASIC protection, the lowest commissions, and the widest instrument range, FP Markets makes a strong case.

Regulation & Safety

FP Markets holds ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), and FSC (Mauritius) licences. ASIC is the primary licence — active since 2005, giving it a 20-year track record under one of the world's most rigorous regulators.

The multi-jurisdiction structure means different client protection levels depending on where you're onboarded. Australian and EU clients get the strongest protection. The Seychelles and Mauritius entities serve traders in regions not covered by ASIC or CySEC.

Trading Costs

Raw ECN accounts: 0.0 pips average on EUR/USD, $6 commission per lot round turn ($3 each way). On a 1-lot EUR/USD trade: $0 spread + $6 commission = $6. That's the cheapest all-in cost among ASIC-regulated brokers — $1 cheaper per lot than IC Markets or Pepperstone.

For high-frequency traders doing 100+ lots per month, that $1 difference adds up. $1 × 100 lots = $100/month saved. Over a year, $1,200. FP Markets is the cost leader for ASIC-regulated volume trading.

Platforms

MT4, MT5, cTrader, TradingView, and Iress — five platforms is the widest offering of any ECN broker. Iress is particularly interesting for equity traders; it's a professional-grade platform used by institutional traders and provides direct market access to ASX and other exchanges. The Iress account requires a higher minimum deposit.

cTrader on FP Markets is fully-featured with Level 2 pricing and one-click execution. TradingView integration allows order placement from charts. For most forex and CFD traders, MT5 or cTrader will be the go-to.

Execution Quality

FP Markets routes through Equinix NY4 and LD4 with 40+ liquidity providers — similar infrastructure to IC Markets and Pepperstone. Execution speed averages sub-50ms. In testing, fills were accurate and slippage minimal on liquid instruments.

Like IC Markets, FP Markets places no restrictions on scalping, hedging, or EAs. The broker is consistently cited positively in prop firm communities for reliable execution and stable MT5/cTrader environments.

Deposits & Withdrawals

Minimum deposit is $100 AUD (roughly $65 USD at current rates) — lower effective minimum than IC Markets for Australian-dollar-denominated accounts. Supported methods: cards, wire, PayPal, Skrill, Neteller, POLi, BPAY.

Withdrawals process within 1–2 business days for cards and e-wallets, 3–5 for wire. No withdrawal fees from FP Markets. Support is available 24/5 with phone, chat, and email channels.

Who Is FP Markets Best For?

Our Verdict