Regulators
ASIC, CySEC, FSCA, FSA SVG
Min. deposit
$100
Spread from
0.0 pips (Raw)
Max. leverage
Up to 1:30 (EU retail) / 1:500 (offshore)
Platforms
MT4, MT5, cTrader, IRESS, FP Markets Mobile
Founded
2005 · Sydney, Australia
FP Markets review summary
FP Markets (First Prudential Markets) is one of Australia’s longest-established retail brokers, founded in 2005 and headquartered in Sydney. Its dual tier-1 regulation (ASIC + CySEC) plus 20-year operating history puts it in the upper-trust tier alongside IC Markets, Pepperstone, and Vantage.
FP Markets’ standout feature is the IRESS platform — a direct market access (DMA) solution offering Level 2 order books for 10,000+ share CFDs across 9 international exchanges (ASX, NYSE, NASDAQ, LSE, HKEX, TSE, etc.). This is uncommon at retail level and gives equity-focused traders capability normally reserved for institutional accounts.
For pure FX traders, the Raw account (0.0 pips + $3/lot/side) is competitive with IC Markets and Pepperstone. The MT4/MT5/cTrader platform breadth covers most algorithmic and discretionary use cases.
Account types
| Account | Min. deposit | Spreads | Commission | Notes |
|---|
| Standard | $100 | From 1.0 pip | None | All platforms |
| Raw | $100 | From 0.0 pips | $3/lot/side | MT4/5/cTrader |
| IRESS | $1,000 | DMA pricing | $0.10/share (min) | Equities DMA |
Regulation
- First Prudential Markets Pty Ltd — ASIC 286354 (Australia)
- First Prudential Markets Limited — CySEC 371/18 (EU)
- First Prudential Markets Ltd — FSCA 50926 (South Africa)
- FP Markets LLC — FSA SVG 23899 (international)
Bottom line
FP Markets scores 4.5/5. Strong all-rounder with the IRESS DMA equities platform as a unique selling point. Best for traders splitting time between FX and equity CFDs.
FP Markets — Frequently Asked Questions
Is FP Markets regulated and safe?
FP Markets is regulated by ASIC, CySEC, FSCA, FSA SVG. Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.
What is the minimum deposit at FP Markets?
The minimum deposit at FP Markets is $100. Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.
What are the typical spreads at FP Markets?
Spreads at FP Markets start from 0.0 pips (Raw). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.
What trading platforms does FP Markets offer?
FP Markets supports: MT4, MT5, cTrader, IRESS, FP Markets Mobile. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.
What is the maximum leverage at FP Markets?
Maximum leverage at FP Markets: Up to 1:30 (EU retail) / 1:500 (offshore). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.
Who is FP Markets best suited for?
Australian + EU traders wanting deep equity CFD coverage via IRESS plus ECN FX execution from a dual-tier-1 broker.