FP Markets Review 2026: 20 Years, 10,000+ Instruments and Spreads From 0.0 Pips

Twenty years is a long time in online trading. Most of the brands that opened alongside FP Markets in 2005 have been absorbed, rebranded or quietly closed. FP Markets is still here, still headquartered in Sydney, and in 2026 it offers more than 10,000 instruments across seven asset classes, four trading platforms on a single login, and spreads that start at 0.0 pips. For traders who value longevity as much as pricing, that combination is hard to ignore.

FP Markets in 2026: Two Decades of Transforming Trading

FP Markets was founded in 2005 in Sydney, Australia, with a simple goal: be the broker of choice for traders worldwide by keeping the experience transparent, cost-effective and streamlined. Two decades later the company describes that mission as Transforming Trading, and the numbers behind it are substantial — 10,000+ instruments, seven asset classes, more than 80 international awards, and support available 24 hours a day, seven days a week in multiple languages.

The award list is not a single lucky year either. It spans Finance Magnates Broker of the Year, ForexBrokers.com Best in Class for Commissions & Fees, UF AWARDS Most Trusted Broker, Global Forex Awards Best Value Broker, FX-Australia Best FX Broker and more. Client sentiment tracks the same way: the broker carries an “Excellent” Trustpilot standing built on more than 10,300 reviews, alongside a 4.9 Google rating from 2,111 reviews.

Standard vs Raw: Two Clean Ways to Pay

FP Markets keeps its account structure refreshingly simple. There are two live accounts, both opening from just US$100, and the only real decision is how you prefer to pay for your trades.

• Standard account — spreads from 1.0 pips, zero commission. The cost is built into the spread, which makes running totals easy to follow. Available on MT4, MT5 and cTrader.
• Raw account — spreads from 0.0 pips with US$3 commission per lot each way. Raw pricing passes through the real market quote without a markup, which is why scalpers and high-frequency traders gravitate to it. Available on MT4, MT5, cTrader and TradingView.

Everything else is shared: US$100 minimum deposit, leverage up to 1:500, ECN pricing, a 0.01 lot minimum trade size, Expert Advisors allowed, a mobile app, and VPS availability on both. In other words, the beginner on the Standard account gets the same execution infrastructure as the professional on Raw — only the fee model differs. Opening an FP Markets account takes three steps: register, fund, trade.

Commission Costs Are Published in Full

One detail worth calling out: FP Markets publishes its exact commission schedule by account currency rather than quoting a single headline number. A USD Raw account pays US$3 per side and US$6 round trip. Hold your account in EUR and it is €2.75 per side; in GBP, £2.25; in AUD, CAD or SGD, $3.5. Commodities, indices, shares and cryptocurrencies carry zero separate commission on both account types — the cost sits in the spread.

That level of disclosure matters more than it sounds. A trader funding in euros or pounds can calculate their true round-trip cost before opening the account, rather than discovering a conversion-adjusted figure on their first statement.

Four Platforms, One Account

Plenty of brokers advertise “multi-platform” and mean MT4 plus a web wrapper. FP Markets genuinely runs four: MetaTrader 4, MetaTrader 5, cTrader and TradingView, each available on desktop, web and mobile. You are not forced to pick a camp at sign-up and stay there.

The practical effect is that a trader can keep their MT4 Expert Advisors running while doing discretionary analysis in TradingView, without moving broker or reconciling two sets of statements. Execution runs over dedicated fibre-optic links, which is the kind of plumbing that never gets noticed until it is missing.

Copy Trading From US$100

FP Markets runs a copy trading service that is refreshingly conservative in how it is framed. You browse verified strategies across every asset class, allocate from as little as US$100, set your own risk caps, and trades flow into your account in real time. Any strategy can be paused or stopped in a single tap. You can also apply to be a strategy provider rather than only a copier.

Risk caps and one-tap exit are the two features that separate a serious copy platform from a marketing exercise, and both are built in here.

Seven Asset Classes From a Single Login

The instrument list runs to Forex, Shares, Metals, Commodities, Indices, Derivatives, Futures, Digital Currencies, Bonds and ETFs. For a trader who wants to rotate between gold, an index and a handful of equity CFDs without opening a second brokerage relationship, a 10,000+ instrument catalogue on one login is the whole point.

Regulation and Client Money

FP Markets is a multi-regulated brand. The group holds authorisations from the Australian Securities and Investments Commission (First Prudential Markets Pty Ltd, ABN 16 112 600 281, AFS Licence No. 286354), the Cyprus Securities and Exchange Commission (First Prudential Markets Ltd, CySEC Licence No. 371/18), the Financial Sector Conduct Authority in South Africa (FP Markets (Pty) Ltd, FSP No. 50926), the Financial Services Authority in Seychelles (First Prudential Markets Limited, Licence No. SD130) and the Capital Markets Authority in Kenya. Client funds are held in segregated accounts.

Which entity you deal with depends on where you live — this is normal for a global broker, but it is worth checking before you fund. The FP Markets Vietnam site, for example, states that it is operated by First Prudential Markets Limited, registered in Seychelles (registration number 8426368-1) and licensed by the Seychelles FSA under number SD130. Read the legal documents for your entity before you deposit.

Islamic Accounts, Education and 24/7 Support

Swap-free Islamic accounts are offered for traders who need them. The FP Markets Academy covers both beginners and experienced traders, and the support desk runs 24/7 in multiple languages — a detail that shows up repeatedly in client feedback, where fast response times are the most frequently praised element alongside withdrawal speed.

Risk Warning and Restricted Jurisdictions

Derivative products are highly leveraged, carry a high level of risk and may not be appropriate for all investors. Leverage of up to 1:500 magnifies losses as much as gains, and you should consider the legal documents carefully before entering into transactions. Nothing in this review is personal financial advice.

FP Markets states that it does not offer services to residents of certain jurisdictions, including Afghanistan, Cuba, Iraq, the Islamic Republic of Iran, Liberia, Libya, Myanmar, Palestine, the Russian Federation, Somalia, the Syrian Arab Republic, Sudan, Yemen, the United Kingdom and the United States, as well as jurisdictions on the FATF and EU/UN sanctions lists.

How FP Markets Compares on Our Site

If you are shortlisting brokers, it is worth reading these alongside: our IC Trading review 2026 covers another raw-spread ECN broker, IC Trading fees 2026 breaks down rebates and free VPS, and our XM review 2026 looks at a broker with a very different account ladder. For a long-established name in the same bracket, see the Alpari review.

Final Verdict

FP Markets earns its reputation the slow way. Twenty years of continuous operation, licences across five regulators, segregated client money, 80+ awards and more than 10,300 Trustpilot reviews add up to a track record very few CFD brokers can match. On top of that sits a genuinely competitive cost structure — 0.0 pip spreads with published commission, or 1.0 pip spreads with none at all — and four platforms running off a single US$100 account.

For a trader who wants raw pricing without giving up the comfort of a long-established, multi-regulated brand, FP Markets is one of the strongest options on the market in 2026. Open an FP Markets account or try the demo first if you would rather test the execution before funding.