FP Markets

Founded in 2005 in Australia, FP Markets operates under one of the most extensive regulatory umbrellas in the industry. It holds licences from ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), CMA (Kenya), and the FSA of Seychelles among others—making it one of the most regulated brokers globally.

Traders get access to MetaTrader 4, MetaTrader 5, cTrader, TradingView, the proprietary Iress platform, and the in-house Mottai and FP Markets Trading Apps. With more than 10,000 tradable instruments including forex, CFDs, commodities, indices, ETFs, stocks, and crypto, FP Markets delivers broad market access for diverse strategies.

FP Markets scores highly on both pricing and tech. In our tests, forex spreads were consistently low—especially on the Raw ECN account—and overall cost structures ranked favourably against peers on TraderGuide. Execution was swift and reliable, with average market order speeds around 96ms—well ahead of industry averages. Platform options are wide-ranging and extend from MetaTrader to cTrader and TradingView, with additional support from Iress for stock traders.

Support runs 24/7 in multiple languages via live chat, phone, and email—and we found it responsive and professional in live trials. Their educational hub, "The Traders Hub," includes webinars, technical and fundamental analysis, and regular market reports—useful for both beginners and experienced traders.

While FP Markets delivers fair forex trading costs, pricing can be notably less competitive on stocks, equities CFDs, and during off-hours trading, where swap fees and commissions can rise. Some community commentary warns of delays or freezes during very high‑volume periods, particularly impacting the MT4 platform—not the norm, but something to be aware of.

Another point: FP Markets holds different regulatory licences across regions, and client experience may vary depending on jurisdiction—some community threads flag access issues or withdrawal complications for larger transfers in specific regions, even under ASIC regulation.

Lastly, while their platform suite is extensive, they do not offer guaranteed stop-loss orders and some traders report limited flexibility around advanced risk tools—features that might matter to high-volume or algo users.

FP Markets consistently ranks among TraderGuide’s better-rated brokers. With multi-jurisdiction regulation, firm cost efficiency—fast execution, and a comprehensive blend of platforms and tools, it’s a solid choice for many traders.

However, power users focusing on guaranteed order types, ultra-tight stock spreads, or specialized features like social trading or in-house automation may wish to compare other ECN-style brokers. FP Markets excels on structure, trust, and pricing—but isn’t always the absolute cheapest across all instruments.

Overall, FP Markets is a terrific all-rounder—especially if your strategy leans heavily on execution, platform choice, and institutional-level infrastructure.