FP Markets Review

True ECN Broker · ASIC (Australia), CySEC (Cyprus), FSCA (South Africa)

★★★★½ 4.5 / 5.0

FP Markets is an award-winning Australian ECN broker offering raw interbank spreads, deep liquidity, and fast execution. With over 15 years in the industry and ASIC regulation, it is a top choice for serious forex and CFD traders.

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In-Depth Review

FP Markets — Full Review 2026

FP Markets was founded in 2005 in Sydney, Australia, and has grown into a globally respected ECN broker with offices in Sydney, Cyprus, and Dubai. The broker holds ASIC (Australia) regulation — widely regarded as one of the strictest financial regulators in the world — alongside CySEC and FSCA licenses.

The broker offers True ECN execution with raw spreads starting from 0.0 pips on major forex pairs. Average execution speed is 40ms, and liquidity is sourced from top-tier banks and non-bank market makers, ensuring consistent fills even during high-volatility periods.

Trading platforms include MetaTrader 4, MetaTrader 5, and IRESS — a sophisticated platform popular with Australian clients for equity CFDs. For algorithmic traders, FP Markets provides free VPS hosting, API connectivity, and cTrader access on select account types.

The broker has won multiple awards including Best CFD Broker (Global Business Magazine), Best Trading Experience (FX168), and Most Trusted Broker (International Finance Magazine), making it a well-established name in the industry.

Pros

✓ASIC regulated (top-tier)
✓Spreads from 0.0 pips on raw accounts
✓Fast execution (40ms average)
✓MT4, MT5 & IRESS platforms
✓No requotes on ECN accounts
✓Free VPS hosting for algos

Cons

✗IRESS platform requires higher minimum
✗Limited crypto offering vs competitors
✗Weekend support limited

Key Features

What You Need to Know

ASIC Regulation

Licensed and regulated by the Australian Securities and Investments Commission (ASIC). Client funds held in segregated trust accounts with AA-rated Australian banks. Member of the Australian Financial Complaints Authority (AFCA).

ECN Execution Model

True ECN with no dealing desk. Raw spreads from 0.0 pips with transparent commission structure ($3.00 per side on Raw ECN accounts). Deep liquidity from 50+ Tier-1 and Tier-2 providers.

Account Types

Standard Account (spread from 1.4 pips, no commission), Raw ECN Account (spread from 0.0 pips + $3.00/lot per side), and IRESS Account (for share CFDs with full exchange access).

Trading Tools

Free VPS hosting for algorithmic traders, API integration for third-party platforms, economic calendar, trading calculators, and daily market analysis from in-house experts.