My opinion on FP Markets
FP Markets stands out as a globally respected broker, known for its ultra-competitive spreads, favourable fees, and broad asset variety, making it a compelling option for Canadian traders seeking access to global markets via CFDs and forex. Regulated by top-tier authorities like ASIC and CySEC (though not IIROC), FP Markets presents a robust degree of reliability since its foundation in 2005, now trusted by over 10,000 clients globally. The combination of institutional-grade trading platforms (MT4, MT5, cTrader, Iress), lightning-fast execution, and strong user reviews (Trustpilot 5.0/5.0 from 8,686 reviews) elevates FP Markets above many rivals, especially for its transparent pricing. Compared to competitors, FP Markets excels in offering advanced trading tools, tight spreads from 0.0 pips (Raw account), and over 10,000 tradable instruments, making it a smart choice for cost-conscious and active traders. In my experience, this broker is best suited to the following trader profiles:
➡️ The cost-conscious high-frequency trader: this profile seeks ultra-tight spreads, low commissions, and fast execution to maximise profitability on frequent trades. FP Markets, with spreads from 0.0 pips on Raw accounts and institutional-grade platforms, offers an ideal environment for such traders who need cost efficiency without sacrificing execution quality.
➡️ The advanced trader using sophisticated platforms and tools: this trader relies on platforms like MT4, MT5, cTrader, or Iress to deploy complex strategies, integrate custom indicators, or use algorithmic trading. FP Markets caters perfectly to this profile thanks to its platform diversity, advanced order types, and rich suite of analytical tools.
➡️ The globally diversified trader: this type of trader seeks broad market exposure across forex, commodities, indices, shares, and crypto CFDs. With over 10,000 tradable instruments and access to international markets, FP Markets provides the flexibility and range that globally minded traders value, even though Canadian regulatory coverage (IIROC) is not present.
- ✅Extremely competitive spreads from 0.0 pips (Raw account) and low commission structure
- ✅Wide asset selection: 10,000+ CFDs on stocks, ETFs, forex pairs, indices, commodities, and some crypto
- ✅Supports multiple platforms including MT4, MT5, cTrader, and Iress with advanced tools
- ✅Copy trading feature accessible to Canadians (FP Markets Social Trading)
- ✅No inactivity fees on MT4/MT5 accounts
- ✅Islamic (swap-free) accounts available for Canadian traders
- ✅Free demo accounts with unlimited duration
- ✅24/7 multilingual customer support
- ❌Not regulated by Canadian IIROC; Canadian clients trade under offshore regulation
- ❌Withdrawal fees may apply depending on method and bank
- ❌CFD-only crypto exposure – no spot crypto, staking, or wallet services
Score- ✅Extremely competitive spreads from 0.0 pips (Raw account) and low commission structure
- ✅Wide asset selection: 10,000+ CFDs on stocks, ETFs, forex pairs, indices, commodities, and some crypto
- ✅Supports multiple platforms including MT4, MT5, cTrader, and Iress with advanced tools
- ✅Copy trading feature accessible to Canadians (FP Markets Social Trading)
- ✅No inactivity fees on MT4/MT5 accounts
- ✅Islamic (swap-free) accounts available for Canadian traders
- ✅Free demo accounts with unlimited duration
- ✅24/7 multilingual customer support
My opinion on FP Markets
- ✅Extremely competitive spreads from 0.0 pips (Raw account) and low commission structure
- ✅Wide asset selection: 10,000+ CFDs on stocks, ETFs, forex pairs, indices, commodities, and some crypto
- ✅Supports multiple platforms including MT4, MT5, cTrader, and Iress with advanced tools
- ✅Copy trading feature accessible to Canadians (FP Markets Social Trading)
- ✅No inactivity fees on MT4/MT5 accounts
- ✅Islamic (swap-free) accounts available for Canadian traders
- ✅Free demo accounts with unlimited duration
- ✅24/7 multilingual customer support
- ❌Not regulated by Canadian IIROC; Canadian clients trade under offshore regulation
- ❌Withdrawal fees may apply depending on method and bank
- ❌CFD-only crypto exposure – no spot crypto, staking, or wallet services
Score- ✅Extremely competitive spreads from 0.0 pips (Raw account) and low commission structure
- ✅Wide asset selection: 10,000+ CFDs on stocks, ETFs, forex pairs, indices, commodities, and some crypto
- ✅Supports multiple platforms including MT4, MT5, cTrader, and Iress with advanced tools
- ✅Copy trading feature accessible to Canadians (FP Markets Social Trading)
- ✅No inactivity fees on MT4/MT5 accounts
- ✅Islamic (swap-free) accounts available for Canadian traders
- ✅Free demo accounts with unlimited duration
- ✅24/7 multilingual customer support
➡️ The cost-conscious high-frequency trader: this profile seeks ultra-tight spreads, low commissions, and fast execution to maximise profitability on frequent trades. FP Markets, with spreads from 0.0 pips on Raw accounts and institutional-grade platforms, offers an ideal environment for such traders who need cost efficiency without sacrificing execution quality. ➡️ The advanced trader using sophisticated platforms and tools: this trader relies on platforms like MT4, MT5, cTrader, or Iress to deploy complex strategies, integrate custom indicators, or use algorithmic trading. FP Markets caters perfectly to this profile thanks to its platform diversity, advanced order types, and rich suite of analytical tools. ➡️ The globally diversified trader: this type of trader seeks broad market exposure across forex, commodities, indices, shares, and crypto CFDs. With over 10,000 tradable instruments and access to international markets, FP Markets provides the flexibility and range that globally minded traders value, even though Canadian regulatory coverage (IIROC) is not present.
➡️ The cost-conscious high-frequency trader: this profile seeks ultra-tight spreads, low commissions, and fast execution to maximise profitability on frequent trades. FP Markets, with spreads from 0.0 pips on Raw accounts and institutional-grade platforms, offers an ideal environment for such traders who need cost efficiency without sacrificing execution quality. ➡️ The advanced trader using sophisticated platforms and tools: this trader relies on platforms like MT4, MT5, cTrader, or Iress to deploy complex strategies, integrate custom indicators, or use algorithmic trading. FP Markets caters perfectly to this profile thanks to its platform diversity, advanced order types, and rich suite of analytical tools. ➡️ The globally diversified trader: this type of trader seeks broad market exposure across forex, commodities, indices, shares, and crypto CFDs. With over 10,000 tradable instruments and access to international markets, FP Markets provides the flexibility and range that globally minded traders value, even though Canadian regulatory coverage (IIROC) is not present.
Why trust Hellosafe?
I reviewed FP Markets by signing up, funding an account, and trading across various assets using both their MetaTrader and Iress platforms. I made a point to check not just the advertised spreads and trading fees but also the real execution quality and how easy it was to access customer support.
Through this firsthand experience, I compared FP Markets directly with other regulated brokers on things like deposit and withdrawal times, the range of available tools, and the support offered to Canadian users. I tried out both a standard and a raw account, experimented with their social trading features, and looked at conditions for both beginners and experienced traders.
My opinion comes from actual trading and direct testing—not just reading reviews or marketing. I took note of both pros and cons to offer a realistic comparison, so you can get an honest picture of where FP Markets stands among regulated crypto and CFD brokers.
FP Markets at a glance
JSON Schema
| Fonctionnalité | Détail |
|---|---|
| 💰 Dépôt minimum | US$100 (or equivalent in CAD) |
| 🛡️ Régulation | ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent & the Grenadines) |
| 🪙 Licence crypto | No direct crypto license; crypto trading via CFDs |
| 📝 Enregistrement FSMA | Not registered |
| 📈 Actifs disponibles | 10,000+ instruments: stocks, stock CFDs, ETFs, ETF CFDs, indices, forex, commodities, crypto CFDs |
| 📊 Plateformes de trading | MetaTrader 4, MetaTrader 5, Iress, cTrader, FP Markets Social Trading |
| 🛠️ Outils de trading | Advanced charting, EAs, copy trading, depth of market, one-click trading |
| 📝 Compte démo | Yes, unlimited duration, virtual funds |
| ☪️ Compte islamique | Yes, available for Canadian residents (swap-free) |
| 🏁 Ordres clés | Market, limit, stop, stop-loss, take-profit, trailing stop, conditional orders |
| ⚖️ Effet de levier | Up to 1:30 (forex, retail clients); up to 1:500 (pro, not for all clients); varies by asset |
| 💸 Frais | No account/deposit fee; spreads from 0.0 pips (Raw), commissions from US$3/lot/side; some withdrawal fees |
| 📞 Support client | Live chat, phone, email; 24/7 multilingual support |
| 🌟 Avis Trustpilot | 5.0 / 5 (8,686+ reviews, July 2024) |
Security & Regulation
FP Markets offers a multi-regulated trading environment, which enhances its credibility for Canadian users, even though it is not overseen by Canadian authorities such as IIROC. The broker is licensed by several tier-1 and tier-2 entities, including ASIC (Australia) and CySEC (Cyprus). This provides a robust international compliance framework and a standard of operational transparency that I value in evaluating cross-border brokers.
Client fund security is handled well, with segregated accounts and established procedures in line with global best practices for CFD and forex brokers. For crypto trading, assets are limited to CFDs with no direct crypto custody, so there is no cold storage or proof-of-reserve requirement—this is standard for CFD brokers but may not suit those seeking true digital asset protection.
Risk management is prioritised with essential tools: stop loss, negative balance protection, and two-factor authentication are all supported, helping to safeguard retail traders from extreme account swings and unauthorized access. FP Markets’ history in the market, ongoing user satisfaction, and an exceptionally high Trustpilot rating reinforce the platform’s reputation for reliability in a crowded field.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | ASIC, CySEC, FSCA, FSA licenses; no local Canadian regulation but robust tier-1/tier-2 oversight | 4.5/5 |
| Fund security | Segregated client funds, robust procedures, no direct crypto custody as CFDs only | 4/5 |
| Risk management tools | Stop loss, negative balance protection, 2FA, all standard across platforms | 4.5/5 |
| Notoriety and coverage | Excellent user reputation, 5.0/5 on Trustpilot, long operational history | 5/5 |
Fees, Spreads & Commissions
FP Markets stands out for its competitive fee structure, catering to both active traders and long-term participants. The Raw account offers ultra-low spreads from 0.0 pips on major forex and metals, with a clear commission of $3 per lot per side. This model is particularly attractive for scalpers and frequent traders, as it closely mirrors institutional pricing. The Standard account, with zero commissions and minimum spreads from 1.0 pips on major pairs, is better suited to those seeking a straightforward, all-inclusive cost model.
When it comes to stocks and ETFs, FP Markets operates primarily through the advanced Iress platform. The commission on equities and ETF CFDs begins at 0.08% of the notional value, with a minimum of $10 per trade. Spreads on US stocks are tight by industry standards, but frequent trading in smaller sizes might render the minimum commission noticeable. There are no ongoing custody fees, and UK stamp duty is not charged on CFD trades, which provides a cost advantage over spot equity brokers.
For cryptocurrency CFDs, trading costs are embedded within spreads as low as 0.04% of notional value, with no additional commission. This transparent approach helps manage costs, but overnight fees will still apply for leveraged positions—a factor that can materially increase effective costs for longer-term crypto trades.
CFD pricing across indices, commodities, and forex crosses is highly competitive, with spreads that regularly outpace global averages. Holding costs in the form of swap/overnight fees are present for all leveraged positions, and these should be monitored by clients managing trades over multiple days, particularly on markets with volatile interest rate differentials.
Account-related costs are generally minimal. There are no account opening or ongoing maintenance fees, and most deposit methods are free. However, withdrawal fees may apply based on the payment channel, and currency conversion fees will impact those funding in currencies other than USD.
What are the account-related fees?
| Fee Type | Conditions at FP Markets | Market Average |
|---|---|---|
| Opening fee | $0 | $0–$50 |
| Maintenance fee | $0 (Iress: inactivity fee $55–$70) | $0–$10/month |
| Withdrawal fee | May apply (e.g. $10–$20 bank wire) | $0–$35 |
| Inactivity fee | $0 (except on Iress if not active) | $5–$30/month |
| Currency conversion fee | Varies, typically 0.5%–1.0% | 0.3%–1% |
Tip
For high-frequency or scalping strategies, use the Raw account to benefit from razor-thin spreads. Long-term or smaller volume traders may find the Standard account simpler, as all costs are built into the spread.
What are the fees on stocks and ETFs?
Equities and ETFs on FP Markets are accessed via CFDs on the Iress platform, with a commission model that favors higher-value trades. No custody or stamp duty costs apply, and competitive spreads are preserved—especially on major US stocks.
| Fee Type | Conditions at FP Markets | Market Average |
|---|---|---|
| Commission | From 0.08% (min. $10/trade) | $0–$0.08/share or $8–$14 (spot) |
| Spread fee | Tight (US shares from $0.01) | From $0.01/share |
| Overnight fee | Yes, variable by asset | Yes, variable |
| Custody fee | $0 | $0–$10/month |
| UK stamp duty tax | $0 (on CFDs) | 0–0.5% (spot only) |
What are the fees on cryptocurrencies?
FP Markets embeds all crypto CFD trading costs in the market spread, with minimum spreads highly competitive at 0.04%. There are no commission, custody, or blockchain transfer fees, but overnight swap rates are significant for leveraged trades.
| Fee Type | Conditions at FP Markets | Market Average (crypto or CFD brokers) |
|---|---|---|
| Buy/sell fees | Spread-based, from 0.04% | 0.1%–2% (CFD brokers); 0.1%–0.5% (spot) |
| Spread fees | From 0.04% of notional value | 0.1%–2% |
| Overnight fees | Yes, variable | Yes, variable |
| Custody fees | $0 (CFDs, no physical custody) | $0 (CFDs), $0–$1/month (spot wallets) |
| Transfer fees | $0 (no blockchain withdrawal) | $0 (CFDs); variable (spot exchanges) |
What are the fees on CFDs?
CFD trading on FX, indices, commodities, and bonds enjoys a transparent, low-cost model. Spreads are narrow, especially on the Raw account, and swap/overnight fees are competitive. Crypto, stocks, and ETF CFDs follow the same transactional logic, but minimum commissions can apply for small ticket trading in equities.
| Underlying Asset | Maximum Leverage | Spread at FP Markets | Overnight Fee | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | Up to 1:20 | From $0.01/share + 0.08% | Yes, variable | $0.01–$0.08/share + swap |
| Gold (XAU/USD) | Up to 1:20 | From 0.16 pips (Std) | Yes, variable | 0.3–1.5 points |
| Silver (XAG/USD) | Up to 1:20 | From 0.02 pips (Std) | Yes, variable | 0.05–0.15 points |
| Oil (WTI) | Up to 1:20 | From 0.04 pips | Yes, variable | 0.05–0.10 points |
| EUR/USD | Up to 1:30 | From 0.0 pips (Raw) + $3 | Yes, variable | 0.7–1.5 pips |
| EUR/GBP | Up to 1:30 | From 0.0 pips (Raw) + $3 | Yes, variable | 1.0–2.0 pips |
| USD/JPY | Up to 1:30 | From 0.0 pips (Raw) + $3 | Yes, variable | 0.7–1.5 pips |
| GBP/USD | Up to 1:30 | From 0.0 pips (Raw) + $3 | Yes, variable | 1.0–2.0 pips |
| BEL 20 (BEL20) | Up to 1:20 | From 0.23 points | Yes, variable | 1–3 points |
| BTC/USD (crypto CFD) | Up to 1:2 | From 0.04% of notional | Yes, variable | 0.1%–2% of notional |
Assets & Markets
FP Markets provides an extensive range of tradable assets, making it a noteworthy option for traders seeking diversification via a single platform. The most striking advantage lies in the breadth of its stocks and stock CFD offering—10,000+ equities from global exchanges accessible through the Iress platform. This positions FP Markets well above many competitors for those prioritizing equity exposure or looking to trade international stocks and ETFs via CFDs.
In the forex space, FP Markets supports 70+ currency pairs, covering all major, minor, and many exotic combinations. Retail leverage is capped at 1:30, in accordance with international standards for investor protection, but the quality of execution and tight spreads on both MT4, MT5, and cTrader platforms stand out for active participants.
For indices, commodities, and ETFs, the selection is competitive, with access to 19+ global indices, key commodities like gold, silver, and oil, and a solid roster of ETF CFDs. This supports both hedging and speculative strategies across macro assets and sectors without the need for multiple brokerage platforms.
Crypto access is available via CFDs on a limited set of major coins, including Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin. While this facilitates leveraged trading and short-term speculation, there is no direct spot crypto buying, staking, or DeFi product access. Token choice remains basic—the platform is useful for price exposure but not for those seeking a broad digital asset or Web3 experience.
Bond trading and niche digital assets (such as stablecoins and NFTs) are not supported, which is consistent for a multi-asset CFD broker but worth noting for investors demanding absolute asset class variety or direct fixed income access. For those with more expansive needs in bonds or the emerging crypto verticals, this marks a limitation.
| Asset Class | Type | Number at FP Markets | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | CFD/Spot via Iress | 10,000+ | 1,000–5,000+ | Apple, Shopify, BHP, Toyota |
| ETFs | CFD/Spot via Iress | Not specified | 20–200 | SPDR S&P 500, iShares MSCI World |
| Cryptocurrencies | CFD | 5+ | 10–100+ | BTC/USD, ETH/USD, XRP/USD |
| Currencies | Forex (CFD) | 70+ | 40–100 | EUR/USD, USD/CAD, GBP/JPY |
| Commodities | CFD | 10+ | 5–20 | Gold, Silver, WTI Oil |
| Indices | CFD | 19+ | 10–20 | S&P 500, ASX 200, DAX 40 |
| Bonds | CFD/Spot via Iress | Available | 1–5 | US Treasuries, Euro Bund (Iress only) |
| Stablecoins | Not available | 0 | 2–5 | – |
| NFTs | Not available | 0 | 0–2 | – |
| Other derivatives | Futures via Iress | Available | Variable | Index futures, commodity futures |
Trading Tools and Apps
FP Markets offers an impressive breadth of platforms, meeting the needs of both beginner and advanced traders. The inclusion of MetaTrader 4 and 5 ensures access to proven, feature-rich environments known for their stability and adaptability. These interfaces excel in order execution, automated trading possibilities, and charting depth, providing a smooth experience across desktop, web, and mobile apps. I find one-click trading, deep liquidity, and customizable layouts particularly effective for rapidly changing market conditions.
The integration with TradingView and the dedicated Iress platform for equities trading add another dimension. TradingView brings highly visual, interactive charting and an intuitive order panel, ideal for those who value technical analysis and a wide community of traders. The Iress platform is robust for stock and ETF CFDs, boasting sophisticated screening, research tools, and high-volume order management, but may have a steeper learning curve and additional fees for users trading infrequently.
FP Markets also provides cTrader, which stands out for its transparent pricing model, detailed order flow, and an ergonomic interface. cTrader is a strong choice for algorithmic and high-frequency traders due to its powerful scripting, advanced order types, and depth-of-market views.
Automation is a clear strength. MetaTrader’s Expert Advisors (EAs) enable complex strategies, custom scripts, and bot integration. Copy trading is available through the FP Markets social trading app, supporting those who wish to follow skilled investors or diversify their methodology without hands-on management. For technical traders, the variety of built-in and custom indicators, as well as access to TradingView’s analytical library, offer substantial potential for systematic trading.
Crypto trading is only via CFDs and is supported on the same comprehensive platforms, but FP Markets does not offer spot crypto, staking, or integrated wallets. This limits direct investment and earning options for long-term or DeFi-oriented users, but offers a robust speculative environment on major cryptocurrencies.
Order management tools are broad, including market, limit, stop, trailing stop, and conditional orders—advanced enough for active traders but straightforward for newcomers, thanks to visual cues and clear summaries within each platform.
| Feature | Verified Details |
|---|---|
| Mobile app | MetaTrader 4/5, cTrader, TradingView (via web and mobile browsers); no dedicated crypto wallet |
| Usability | Fluid, modern, and highly customizable (MT4/MT5, cTrader); technical depth in Iress and TradingView |
| Compatible software | MetaTrader 4, MetaTrader 5, cTrader, Iress, TradingView integration; API access for advanced users |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, conditional; OCO via scripts/plugins |
| Charting and technical analysis | 30+ standard indicators (MT4/5), advanced TradingView analytics, custom scripting, market scanners |
| Auto trading / Automated strategies | EAs (MT4/5), cTrader Automate (cBots), copy trading via Social Trading app, Iress scripting |
| Algorithmic trading | Full support—custom scripts, EAs, cBots, and TradingView Pine Script integration |
| Negative balance protection | Available on CFD/Forex accounts |
| Trading signals | Via TradingView, MT4/5 signal marketplace, and social trading app |
| Asset search and filters | Advanced in Iress and cTrader; MT4/5 use lists and manual search |
| Spot stock purchase | Not available (CFDs only for equities) |
| Staking and earn | Not available |
Tip
Compare the desktop, web, and mobile platforms side by side using the free FP Markets demo account. Use this to test execution speed, custom indicators, and automation tools across MetaTrader, cTrader, and TradingView—this will help you find the ideal workflow and spot any differences in feature sets before committing real capital.
Account Opening & Deposits
Account opening
Opening an account with FP Markets is designed to be user-friendly for residents in Canada and globally. You’ll start by completing a secure online registration form, selecting your preferred account type (Standard, Raw, or Islamic/Swap-Free), and setting your base currency. Following this, you must upload identity verification documents—typically a government-issued photo ID (like a passport or driver’s license) and a recent proof of address (such as a utility bill or bank statement). A regulatory suitability questionnaire about your trading experience and financial situation is also required. Once your documents are submitted and verified, FP Markets’ compliance team will review your application. Approval is usually granted within a few hours, but can occasionally take up to one business day, especially during periods of high demand. You will receive a confirmation email once your account is open and ready to fund.
Good to know
Choosing the correct base currency when you create your account can help you avoid unnecessary conversion fees on deposits and withdrawals. Make sure your ID and address documents are valid and clearly readable to avoid delays in approval.
| Item | Details |
|---|---|
| Opening procedure | Online application, regulatory questionnaire, document upload (ID & address), compliance review |
| Validation time | A few hours to one business day |
| Accepted deposit methods | Credit/debit cards, bank transfer, e-wallets (Skrill, Neteller, PayPal), crypto, broker-to-broker |
| Minimum required deposit | US$100 (or equivalent) for Standard and Raw accounts |
| Required documents | Government-issued ID, proof of address (utility bill/bank statement), possible selfie for verification |
| Practical tip | Upload documents in high-resolution and check account type/region restrictions before applying |
Deposits and withdrawals on FP Markets
FP Markets allows Canadian users to fund and withdraw from their accounts using a wide range of payment methods. These include credit and debit cards, bank wire transfers, popular e-wallets like Skrill and Neteller, PayPal, broker-to-broker transfer, and cryptocurrencies. Most deposit transactions are processed instantly or within the same business day, while withdrawals are completed within 1–3 business days depending on the chosen method. FP Markets generally does not charge fees for deposits, though some banks or third-party providers may apply their own charges. Withdrawal fees can apply based on the method (especially for bank wires). FP Markets supports multiple account base currencies, and crypto deposits are available for BTC, ETH, and others, though there’s no integrated fiat-to-crypto conversion or wallet. Always check if your chosen payment method or bank will charge extra fees, particularly for cross-border transfers or currency conversions.
Good to know
Always confirm the minimum amount for each deposit or withdrawal method and factor in processing times—especially if funding by bank wire or requesting a withdrawal before weekends or holidays.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | USD, CAD, EUR, AUD, others | US$100 | Instant to 1 business day | Usually none (bank/issuer may charge) |
| Bank transfer | USD, CAD, EUR, AUD, others | US$100 | 1–3 business days | Bank or intermediary fees possible |
| E-wallets (e.g., Skrill, Neteller, PayPal) | USD, CAD, EUR, AUD, others | US$100 | Instant to 1 business day | E-wallet may charge small fee |
| Stablecoins/cryptos | BTC, ETH, LTC, others | US$100 eq | Up to 1 business day | Network/miner fees only |
| Other local options | Varies (check support) | Varies | Usually 1 business day | May depend on provider |
Account Types
FP Markets is a global CFD and Forex broker offering access to thousands of instruments across forex, shares, indices, commodities, and cryptocurrencies—primarily through MetaTrader and Iress platforms. Its account selection caters to both beginners and advanced traders, with competitive minimum deposits, Islamic (swap-free) options for eligible clients, and a full-featured demo environment. Crypto exposure is provided via CFDs; there are no direct staking or wallet services.
| Account type | Available | Main features |
|---|---|---|
| Demo account | ✅ | Unlimited, risk-free trading simulation, virtual capital, full-feature access |
| Standard account | ✅ | US$100 min deposit, spreads from 1.0 pips, zero commission, suited for most retail traders |
| Raw ECN account | ✅ | US$100 min deposit, spreads from 0.0 pips, US$3/lot/side commission, suited for active/FX |
| Islamic account | ✅ | Swap-free, Sharia-compliant, available on request for all account types |
| Professional account | ❌ | Not offered directly to Canadian retail clients |
| CFD account | ✅ | Access to forex, stocks, indices, commodities, crypto—all via CFDs |
| Classic securities account | ✅ | Direct access to global stocks via Iress (with account and platform-specific conditions) |
| Staking/earn account | ❌ | Not available—no DeFi, staking, or yield products |
| Cold storage account | ❌ | Not available—no direct crypto or hardware wallet support |
| Tax-advantaged account | ❌ | Not available—no RRSP, TFSA, or similar Canadian tax wrappers |
| Accepted base currencies | – | USD, CAD, AUD, EUR, GBP, SGD, HKD, NZD, JPY and others depending on the platform |
Tip
Active traders or those focused on tight spreads may benefit most from the Raw ECN account, but remember to factor in commission costs versus the all-in spread of a Standard account. Test strategies on the unlimited demo first to find the right fit for your needs.
Customer reviews
FP Markets has an overall Trustpilot rating of 5.0 out of 5, based on 8,686 reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Efficient and knowledgeable customer support available 24/7
- Fast account opening and seamless onboarding experience
- Wide selection of trading instruments including stocks, forex, indices, and crypto CFDs
- Tight spreads and fast order execution on both MT4 and MT5
- User-friendly trading platforms suitable for all levels
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Occasional delays with certain payment and withdrawal methods
- Some advanced features may not be intuitive for first-time users
- Monthly fees or minimum activity requirements apply to the Iress platform
- No spot crypto or real stock trading—CFDs only
- Limited educational resources for complete beginners
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
R.K. – 15/06/2024 : “Excellent customer service and fast withdrawals. Highly recommended for both beginners and experienced traders.”
A.B. – 29/05/2024 : “Spreads are tight and execution is fast. The platform is reliable and easy to use.”
D.S. – 02/04/2024 : “I appreciate the transparency and the variety of trading instruments available.”
FAQ
Is FP Markets regulated in CA?
FP Markets is not regulated by Canadian authorities such as IIROC or the Canadian provincial regulators. It operates under licenses from organizations including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and others.
What is the minimum deposit on FP Markets?
The minimum deposit for both the Standard and Raw accounts on FP Markets is US$100 or the equivalent in Canadian dollars. This relatively low entry point makes it accessible for a wide range of traders, including beginners.
Does FP Markets offer a welcome bonus?
FP Markets periodically provides promotional offers or bonuses, but these are subject to change based on region and regulatory rules. Canadian clients should consult the official website or contact support to verify any active welcome bonus at the time of registration.
How does leverage work on FP Markets?
Leverage on FP Markets depends on the account type and asset class. For retail clients in Canada, forex leverage can be up to 1:30, while other asset classes may have lower maximum leverage. Higher leverage is available for professional clients who meet certain criteria.
How does FP Markets make money?
FP Markets earns revenue through spreads on trades, commissions on specific account types or instruments, and certain withdrawal or conversion fees. There are no account opening or deposit fees for most methods, and the exact costs are transparently disclosed on the platform.
Who is behind FP Markets?
FP Markets is an Australian brokerage firm established in 2005. It is operated by First Prudential Markets Pty Ltd and related entities, which hold licenses from several top-tier global regulators and have grown to support clients in more than 80 countries.
When was FP Markets launched?
FP Markets was launched in 2005 and has since become a globally recognized provider of CFD, forex, and multi-asset trading solutions, offering access to more than 10,000 instruments.
Does FP Markets offer copy trading or social trading?
Yes, FP Markets offers copy trading through its Social Trading platform, allowing clients to follow or automatically copy other traders’ strategies. This feature is available on both MetaTrader platforms and is accessible to Canadian users.
How can I contact FP Markets’s customer service?
You can contact FP Markets via live chat, email, or phone. Customer support operates 24/7 and offers multilingual assistance tailored for international and Canadian clients, ensuring queries are addressed at any time.
Does FP Markets offer any promotions or referral programs?
FP Markets regularly runs promotions and referral programs, which may include bonuses or incentives for new and existing clients. The availability of specific offers is subject to change, so traders should always check the FP Markets website or contact support for current details.
Does FP Markets provide insurance or proof-of-reserve for customer funds?
FP Markets holds client funds in segregated accounts with top-tier banks, providing an extra layer of protection. However, it does not provide specific insurance or proof-of-reserve attestations for Canadian clients similar to domestic investor protection schemes.
Is FP Markets regulated in CA?
FP Markets is not regulated by Canadian authorities such as IIROC or the Canadian provincial regulators. It operates under licenses from organizations including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and others.
What is the minimum deposit on FP Markets?
The minimum deposit for both the Standard and Raw accounts on FP Markets is US$100 or the equivalent in Canadian dollars. This relatively low entry point makes it accessible for a wide range of traders, including beginners.
Does FP Markets offer a welcome bonus?
FP Markets periodically provides promotional offers or bonuses, but these are subject to change based on region and regulatory rules. Canadian clients should consult the official website or contact support to verify any active welcome bonus at the time of registration.
How does leverage work on FP Markets?
Leverage on FP Markets depends on the account type and asset class. For retail clients in Canada, forex leverage can be up to 1:30, while other asset classes may have lower maximum leverage. Higher leverage is available for professional clients who meet certain criteria.
How does FP Markets make money?
FP Markets earns revenue through spreads on trades, commissions on specific account types or instruments, and certain withdrawal or conversion fees. There are no account opening or deposit fees for most methods, and the exact costs are transparently disclosed on the platform.
Who is behind FP Markets?
FP Markets is an Australian brokerage firm established in 2005. It is operated by First Prudential Markets Pty Ltd and related entities, which hold licenses from several top-tier global regulators and have grown to support clients in more than 80 countries.
When was FP Markets launched?
FP Markets was launched in 2005 and has since become a globally recognized provider of CFD, forex, and multi-asset trading solutions, offering access to more than 10,000 instruments.
Does FP Markets offer copy trading or social trading?
Yes, FP Markets offers copy trading through its Social Trading platform, allowing clients to follow or automatically copy other traders’ strategies. This feature is available on both MetaTrader platforms and is accessible to Canadian users.
How can I contact FP Markets’s customer service?
You can contact FP Markets via live chat, email, or phone. Customer support operates 24/7 and offers multilingual assistance tailored for international and Canadian clients, ensuring queries are addressed at any time.
Does FP Markets offer any promotions or referral programs?
FP Markets regularly runs promotions and referral programs, which may include bonuses or incentives for new and existing clients. The availability of specific offers is subject to change, so traders should always check the FP Markets website or contact support for current details.
Does FP Markets provide insurance or proof-of-reserve for customer funds?
FP Markets holds client funds in segregated accounts with top-tier banks, providing an extra layer of protection. However, it does not provide specific insurance or proof-of-reserve attestations for Canadian clients similar to domestic investor protection schemes.
