Forex Ranker
FP Markets
Editorial review

FP MarketsBroker review

An Australian powerhouse in raw-spread trading, FP Markets pairs institutional ECN pricing with ultra-low latency execution via Equinix NY4 data centers. It is a prime choice for algorithmic traders, scalpers, and active day traders seeking low round-turn commissions.

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Last updated August 2026

80/ 100

Model score

4.5/ 5

Editorial rating

Regulation

Authorized and regulated by multiple international bodies

Min. deposit

$100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts.

Spreads

0.1 pips

Leverage

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OverviewRegulationFeesSpreadsPlatformsAccountsExperienceVerdictEditorialFAQ
01

At a glance

Strengths

  • Extremely tight raw spreads starting from 0.0 pips on major currency pairs.
  • Low round-turn commission of $6 per lot ($3 per side) on Raw accounts.
  • Wide platform support: MT4, MT5, cTrader, TradingView, and Iress.
  • High-speed execution with servers collocated at Equinix NY4 in New York.

Trade-offs

  • Shares traded via the Iress platform incur monthly software platform fees unless volume thresholds are met.
  • Proprietary mobile app is basic compared to third-party equivalents like cTrader Mobile.
  • Educational material is somewhat fragmented compared to top retail broker academies.
02

Regulation & trust

Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa).
03

Fees & costs

Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods.
04

Spreads & execution

True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity.
05

Trading platforms

Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app.
06

Account types

Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request.
07

User experience

Optimized for technical and systematic traders. Onboarding is straightforward, fund management is swift, and native integration with cTrader and TradingView provides a responsive, analytical user workflow.
08

Our verdict

An Australian powerhouse in raw-spread trading, FP Markets pairs institutional ECN pricing with ultra-low latency execution via Equinix NY4 data centers. It is a prime choice for algorithmic traders, scalpers, and active day traders seeking low round-turn commissions.
09

FP Markets — Editorial

A High-Speed Haven for Raw ECN Trading

Established in 2005 in Sydney, Australia, FP Markets (First Prudential Markets) has earned a solid reputation among high-frequency traders, scalpers, and automated EA users. Regulated primarily by ASIC and CySEC, the brokerage focuses on raw execution speed and cost efficiency.

FP Markets routes client orders directly into multi-asset liquidity pools located inside the Equinix NY4 financial data center in New York. This infrastructure delivers sub-millisecond execution speeds and consistently tight spreads across more than 10,000 CFDs and spot FX pairs.

Platform Flexibility Across All Standards

Unlike brokers that lock users into closed ecosystems, FP Markets provides open access to the market's leading third-party engines: MetaTrader 4/5, cTrader, and TradingView. Equity traders can also leverage Iress ViewPoint for true Direct Market Access (DMA) equity order routing.

10

Frequently asked

What is the commission on the FP Markets Raw Account?
FP Markets charges $3.00 per side per standard lot ($6.00 round turn) on its Raw account, alongside raw spreads starting from 0.0 pips.
Does FP Markets connect with TradingView?
Yes, FP Markets integrates directly with TradingView, enabling traders to execute trades directly from TradingView charts using their FP Markets credentials.
What is the minimum deposit for FP Markets?
The minimum deposit to open a Standard or Raw trading account with FP Markets is $100 AUD (or currency equivalent).
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