FP Markets Review

Verdict (At a Glance)

Best for

  • Active forex and CFD traders who seek competitive pricing with raw spreads and flexible platforms.
  • Beginners who are comfortable using industry-standard platforms like MetaTrader and learning trading basics over time.
  • Technical traders, scalpers and algorithm users who benefit from low-spread execution accounts.

Not ideal for

  • Investors seeking direct share ownership, ISA/SIPP investing, or a very simple, non-professional platform.

FP Markets

Australian-origin broker known for tight raw spreads and MetaTrader support — UK clients trade under ASIC/CySEC regulation rather than direct FCA oversight.

advancedlow-fees
Min. Deposit
£100
Visit FP Markets

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Who This Review Is For

This review is for UK-based traders and investors who:

  • Want to trade forex, CFDs, indices and commodities with tight pricing.
  • Prefer MetaTrader platforms (MT4/MT5) for execution and analysis.
  • Compare pricing models and execution quality across brokers.
  • Value transparent, raw-spread options for active trading.

Evaluation Criteria

We assessed FP Markets on:

  • Regulation & safety (FCA or equivalent oversight for UK clients).
  • Costs (spreads, commissions, financing).
  • Platform access and usability.
  • Asset coverage.
  • Public user feedback and trust signals.
  • Suitability for beginners vs advanced traders.

Overview: FP Markets at a Glance

FP Markets is an Australian-origin broker offering forex and CFD trading globally, often via local entities in regulated areas. It is known for tight raw spreads, MetaTrader support, and consistent execution quality.

Strengths

  • ✔Competitive raw spreads on forex major pairs (for Razor accounts).
  • ✔MetaTrader 4 & MetaTrader 5 available.
  • ✔Low minimum deposit on standard accounts.
  • ✔Multiple account types for pricing flexibility.

Limitations

  • ✘UK regulatory coverage is typically through non-FCA entities, meaning local protections differ from FCA direct oversight.
  • ✘Only CFD products for UK users — no direct asset ownership.
  • ✘Public user feedback on support and platform nuances is mixed in some cases.

Regulation & Safety

FP Markets is regulated in Australia (ASIC) and Cyprus (CySEC), and may accept UK traders under certain cross-border provisions or local licences post-Brexit. However, unlike FCA-regulated brokers (e.g., IG, Pepperstone UK, CMC Markets), FP Markets typically does not hold full UK FCA authorisation for the UK retail entity. Client funds are generally held in segregated accounts as required by ASIC/CySEC regulations. UK retail clients should verify the precise regulatory entity that will govern their account. FSCS protection in the UK may not apply to accounts not held under a direct UK-regulated entity.

When to avoid: If you prioritise strict FCA oversight and FSCS protection, FP Markets may not fully match that expectation.

Platforms & Tools

FP Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and trading tools and expert advisor support. MT4 and MT5 are widely used globally and include advanced charting, automated trading support, and custom indicators. There is no proprietary trading platform, which may matter to users who prefer broker-designed interfaces.

Costs & Fees

FP Markets uses different pricing structures across two main account types. Standard Account: no commission, wider spreads. Razor Account: raw spreads + commission, lower total cost on major instruments (e.g., EUR/USD). Other costs include financing/overnight charges on leveraged positions, currency conversion fees where applicable, and inactivity fees after extended dormancy. Overall, FP Markets' Razor account often competes on pricing with other raw-spread brokers, but commission and swap (financing) costs should be modelled against expected trading volume.

Asset Coverage

FP Markets provides CFD access to forex major, minor and exotic pairs, indices (global), commodities (metals, energies, agriculture), crypto CFDs (where permitted), and shares & ETFs as CFDs. Direct ownership of underlying assets (shares, ETFs, etc.) is not available — all exposure is derivative-based.

Customer Feedback Snapshot

Public review platforms and user forums suggest general satisfaction with pricing and execution quality, MetaTrader experience, and account setup speed. Some users comment on variability in customer support responsiveness and nuances in pricing disclosure depending on region. Because FP Markets operates via overseas regulated entities for many regions (and not exclusively FCA-regulated in the UK), public trust signals can vary.

Cost Comparison Logic

Comparing FP Markets to peers: raw spreads + commissions often beat standard spread-only CFD models in core markets. MetaTrader pricing transparency helps advanced traders calculate execution costs precisely. Financing costs still apply when holding leveraged positions overnight. For scalpers and intraday traders, Razor account pricing may be competitive; for occasional traders, standard spreads may suffice — albeit slightly wider.

Risks & Considerations

  • Regulatory differences: clients should verify which regulator governs their account and what protections apply.
  • CFDs carry leverage risk: capital loss can exceed initial funds if risk is not managed.
  • Execution costs: spreads can widen during low liquidity or major news.
  • No ISA/SIPP: limited to CFD exposure (no tax-free UK investment accounts).

Frequently Asked Questions

Typically not via a dedicated UK FCA entity — UK clients often receive service under overseas regulated arms (ASIC/CySEC). Always confirm with FP Markets which regulatory jurisdiction applies to your account.

Methodology & Disclosure

This review is based on aggregate broker disclosures, regulatory data, pricing structures, and user feedback. It is neutral and not financial advice. Affiliate relationships do not affect the evaluation.

Alternatives to FP Markets

Capital.com

FCA-regulated CFD and spread betting broker with an intuitive platform suited to beginners and cost-conscious traders.

beginnersregulatedlow-fees
Min. Deposit
£20
Trade with Capital.com

Affiliate link · Disclosure

Pepperstone

Execution-focused CFD and forex broker with tight raw spreads, MT4/MT5/cTrader access and FCA regulation.

advancedlow-fees
Min. Deposit
£0
Trade with Pepperstone

Affiliate link · Disclosure

IG

One of the UK's largest and longest-established brokers, offering CFDs, spread betting, shares, ETFs, ISA and SIPP under FCA regulation.

beginnersregulatedmulti-asset
Min. Deposit
£0
Trade with IG

Affiliate link · Disclosure

Affiliate Disclosure: We may receive compensation when you click on links to brokers and products featured on this site. This compensation does not influence our rankings, reviews, or recommendations. We maintain editorial independence and provide objective comparisons. Read our full disclosure policy.

Risk Warning: This website does not provide financial, investment, or trading advice. All information is for educational purposes only. Trading and investing involve substantial risk of loss. You should carefully consider your financial situation and consult with qualified professionals before making any financial decisions.

Last updated: 2026-01-15