Read our brief overview of international forex broker, FP Markets before you trade.
Founded in 2005, FP Markets, also known as First Prudential Markets, is a prominent Forex and CFD broker known for its deep liquidity and varied range of trading platforms. Multi-regulated by several top-tier authorities, the broker boasts zero inactivity fees and a responsive support that is available 24/7 in a number of different languages.
Having said that, FP Markets has a somewhat limited product portfolio and does not currently offer swap-free accounts for Islamic traders, which is a feature offered by many of its competitors. Additionally, there is a lack of depth in the number of crypto markets available to trade, while both US and UK residents are not able to trade with the broker.
Company Name | FP Markets Pty Ltd |
Established | 2005 |
Headquarters | Sydney, Australia |
Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
Trading Platforms | WebTrader, Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5), Iress, Mottai |
Account Types | Standard, Raw, Pro, Iress Retail, Iress Wholesale/Professional |
Account Currency | USD, EUR, GBP and more |
Tradable Instruments | Forex, Shares, Metals, Indices, Commodities, Cryptocurrencies |
Minimum Deposit | $50 |
Customer Support | 24/7 (Live Chat, Email, Phone) |
Additional Features
Feature | Availability |
Regulated Broker | ✅ |
Trading Contests | ❌ |
Mobile Trading | ✅ |
Educational Resources | ✅ |
Web-Based Platform | ✅ |
Research Tools | ✅ |
Copy Trading | ✅ |
Demo Accounts | ✅ |
Negative Balance Protection | ✅ |
Segregated Accounts | ✅ |
Virtual Private Servers (VPS) | ✅ |
24/7 Support | ✅ |
Inactivity Fees | ✅ |
Promotions | ❌ |
Hedging Allowed | ✅ |
