FP Markets Review 2027Core Trading Conditions and Fees

FP Markets review 2027: raw pricing with a long track record

FP Markets was founded in Sydney in 2005 by Matt Murphie and is one of the longest-established Australian forex and CFD brokers. It started by offering direct market access to share CFDs and later built a strong reputation among forex traders for tight spreads and reliable execution. It is privately owned, has expanded across Europe, Africa and Asia, and regularly wins industry awards for value. In 2027 it competes head to head with the other low-cost Australian brokers and usually compares well.

Regulation

The group's Australian entity is licensed by the Australian Securities and Investments Commission, and its European entity by the Cyprus Securities and Exchange Commission. Other entities hold authorisations from regulators including South Africa's FSCA, the Seychelles Financial Services Authority and the Capital Markets Authority of Kenya. Retail clients under ASIC and CySEC rules receive negative balance protection and leverage capped at 1:30. International clients are typically onboarded through the offshore entities, where leverage is higher and oversight lighter.

Standard and Raw accounts

Two MetaTrader accounts form the core offering. The Standard account has no commission, with EUR/USD spreads from 1.0 pip. The Raw account quotes spreads from 0.0 pips and charges $3 per lot per side, one of the lower commission rates among major brokers. Typical all-in cost on EUR/USD through the Raw account is competitive with any mainstream rival. Similar pricing applies on cTrader. Swap-free versions are available for clients who require them.

Minimum deposit and funding

The recommended minimum deposit is 100 Australian dollars or the equivalent, lower than at some direct competitors. A wide range of funding methods is supported, including cards, bank transfer, PayPal, Skrill, Neteller and local payment systems in many countries. The broker does not charge for deposits and covers some fees on its side, though certain withdrawal methods and international wires carry a charge. There is no inactivity fee.

Platforms

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader and TradingView, and also offers its own mobile app. The MetaTrader platforms are extended with a package of add-ons, Autochartist pattern recognition and optional VPS hosting. In Australia the broker provides the Iress platform for share CFDs with direct market access pricing, a legacy of its origins. Copy trading is available through an in-house social platform and Myfxbook AutoTrade.

Markets

More than 70 currency pairs can be traded, alongside CFDs on indices, commodities, metals, bonds, cryptocurrencies, ETFs and a very large list of shares that brings the total past 10,000 instruments. The breadth in share CFDs is unusual for a broker known mainly for forex.

Leverage and execution

Leverage of up to 1:500 is available outside the tightly regulated regions. Orders are executed without a dealing desk through servers located in the Equinix NY4 data centre, and all strategies are allowed, including scalping, hedging and expert advisors. Slippage and execution speed are generally reported as good.

Education and support

Educational material includes video tutorials, e-books, webinars and a trading knowledge base, complemented by daily market reports. It is adequate, if less polished than the content from the largest brokers. Customer support is a strength: it operates around the clock, including weekends, by live chat, phone and email in multiple languages.

Pros and cons

• Pricing: raw spreads with a $3 per side commission.
• Platforms: MetaTrader 4 and 5, cTrader, TradingView and Iress.
• Range: more than 10,000 instruments, mostly share CFDs.
• Support: available 24 hours a day, seven days a week.
• Offshore entities: many international clients are outside ASIC and CySEC protection.
• Education: functional without being a highlight.

Who is FP Markets for?

FP Markets suits cost-conscious forex traders, scalpers and users of automated strategies, as well as traders who want a large choice of share CFDs alongside currencies. Beginners can start with a modest deposit, though they may want more guided learning.

Verdict

With two decades behind it, FP Markets offers some of the best value in retail forex. For 2027 it is a strong alternative to the bigger-name Australian brokers. Confirm which entity will hold your account, and trade leverage with care.

FP Markets review: compare the alternatives

This FP Markets review is part of our Top 65 Forex Brokers in 2027 ranking. To compare, read the FxPro review and the AvaTrade review.