My opinion on FP Markets
FP Markets stands out as a well-established multi-asset broker founded in 2005 and serving over tens of thousands of clients worldwide, with top-tier ASIC and CySEC regulation providing added credibility despite operating in Canada via international entities.The broker earns a strong rating thanks to its tight ECN-style spreads (from 0.0 pips on Raw accounts), low trading fees, and access to a solid—though not exceptional—range of 70+ Forex pairs, CFDs on stocks, indices, commodities, ETFs, and crypto assets.Platform choice is a key strength, with both MetaTrader 4 and 5, plus Iress (for stock trading) and robust copy trading built-in, while 24/7 multilingual customer support ensures efficient help for Canadian traders.FP Markets’ pricing model makes it very competitive against its peers, appealing above all to cost-conscious, active Forex and CFD traders seeking regulatory reliability and fast order execution, although its minimum deposit is higher and instrument selection is more limited than some main rivals like Fusion Markets or Axi.Trustpilot score and number of reviews are not specified, but FP Markets has a positive industry reputation for transparency and client service.In my experience, FP Markets is best suited to the following types of traders:
➡️ Active Forex and CFD traders: Those looking for ultra-tight spreads, fast execution, and low-cost Raw accounts for high-frequency or short-term trading.
➡️ Traders who prefer MetaTrader platforms: Users who rely on MT4/MT5 for advanced technical analysis, automation (EAs), and custom indicators.
➡️ Cost-conscious investors seeking global access: Clients willing to trade under offshore regulation in exchange for lower trading fees and broad access to forex, indices, stocks, and crypto CFDs.
- ✅Tight ECN-style spreads from 0.0 pips (Raw account), with low commissions
- ✅Multi-asset offering: 70+ Forex, stock, index, commodity, ETF, and crypto CFDs
- ✅Highly regulated by ASIC and CySEC (strong international oversight)
- ✅Versatile trading platforms: MetaTrader 4, MetaTrader 5, and Iress
- ✅Fast order execution, low latency (fiber optic infrastructure)
- ✅Integrated copy trading for MT4/MT5 at no additional fee
- ✅Free and unlimited demo accounts
- ✅Islamic (swap-free) account available for Canadian residents
- ✅24/7 multilingual customer support via chat, phone, and email
- ✅Multiple funding methods: cards, bank transfer, e-wallets, crypto
- ✅No deposit or withdrawal fees for most payment methods
- ❌Higher minimum deposit (US$100) than some competitors
- ❌Limited total asset selection versus top multi-asset brokers
- ❌Not directly regulated by Canadian authorities (via international entities)
- ❌No staking, lending, or crypto wallet features for crypto traders
- ❌No spot crypto buying—crypto trading is CFD-only
- ❌Stock & ETF CFDs have variable commissions; Iress platform can incur monthly fees without enough activity
- ❌Inactive account fees not specified transparently
- ❌No proprietary trading platform—dependent on third-party solutions
- ❌Some payment methods may trigger currency conversion fees
Score- ✅Tight ECN-style spreads from 0.0 pips (Raw account), with low commissions
- ✅Multi-asset offering: 70+ Forex, stock, index, commodity, ETF, and crypto CFDs
- ✅Highly regulated by ASIC and CySEC (strong international oversight)
- ✅Versatile trading platforms: MetaTrader 4, MetaTrader 5, and Iress
- ✅Fast order execution, low latency (fiber optic infrastructure)
- ✅Integrated copy trading for MT4/MT5 at no additional fee
- ✅Free and unlimited demo accounts
- ✅Islamic (swap-free) account available for Canadian residents
- ✅24/7 multilingual customer support via chat, phone, and email
- ✅Multiple funding methods: cards, bank transfer, e-wallets, crypto
- ✅No deposit or withdrawal fees for most payment methods
My opinion on FP Markets
- ✅Tight ECN-style spreads from 0.0 pips (Raw account), with low commissions
- ✅Multi-asset offering: 70+ Forex, stock, index, commodity, ETF, and crypto CFDs
- ✅Highly regulated by ASIC and CySEC (strong international oversight)
- ✅Versatile trading platforms: MetaTrader 4, MetaTrader 5, and Iress
- ✅Fast order execution, low latency (fiber optic infrastructure)
- ✅Integrated copy trading for MT4/MT5 at no additional fee
- ✅Free and unlimited demo accounts
- ✅Islamic (swap-free) account available for Canadian residents
- ✅24/7 multilingual customer support via chat, phone, and email
- ✅Multiple funding methods: cards, bank transfer, e-wallets, crypto
- ✅No deposit or withdrawal fees for most payment methods
- ❌Higher minimum deposit (US$100) than some competitors
- ❌Limited total asset selection versus top multi-asset brokers
- ❌Not directly regulated by Canadian authorities (via international entities)
- ❌No staking, lending, or crypto wallet features for crypto traders
- ❌No spot crypto buying—crypto trading is CFD-only
- ❌Stock & ETF CFDs have variable commissions; Iress platform can incur monthly fees without enough activity
- ❌Inactive account fees not specified transparently
- ❌No proprietary trading platform—dependent on third-party solutions
- ❌Some payment methods may trigger currency conversion fees
Score- ✅Tight ECN-style spreads from 0.0 pips (Raw account), with low commissions
- ✅Multi-asset offering: 70+ Forex, stock, index, commodity, ETF, and crypto CFDs
- ✅Highly regulated by ASIC and CySEC (strong international oversight)
- ✅Versatile trading platforms: MetaTrader 4, MetaTrader 5, and Iress
- ✅Fast order execution, low latency (fiber optic infrastructure)
- ✅Integrated copy trading for MT4/MT5 at no additional fee
- ✅Free and unlimited demo accounts
- ✅Islamic (swap-free) account available for Canadian residents
- ✅24/7 multilingual customer support via chat, phone, and email
- ✅Multiple funding methods: cards, bank transfer, e-wallets, crypto
- ✅No deposit or withdrawal fees for most payment methods
Why trust Hellosafe?
I spent several days thoroughly testing FP Markets by opening a real account, depositing funds, and trading various instruments—ranging from forex pairs to indices and commodities. I evaluated the quality of their platforms, including MetaTrader 4, MetaTrader 5, and Iress, making sure to check chart features, execution speed, and the practical experience of using both Standard and Raw accounts.
My approach was to compare FP Markets head-to-head with other brokers I have used, focusing on actual spreads, commissions, deposit and withdrawal processes, and how quickly support responded when I had technical or account questions. I also looked closely at what’s offered for Canadian users: minimum deposit requirements, available leverage, regulation, and whether FP Markets feels suitable for a beginner or if it’s best for experienced traders.
My verdict is based on real hands-on use, not marketing promises. FP Markets’ pricing and platform variety stand out, though its $100 minimum deposit and smaller product selection may be limiting for some. Everything I share is meant to give you an honest, experience-driven view of where FP Markets fits for CA traders compared to other offshore-regulated options.
FP Markets at a Glance
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| Fonctionnalité | Détail |
|---|---|
| 💰 Minimum deposit | US$100 (Standard & Raw accounts) |
| 🛡️ Regulation | ASIC (Australia), CySEC (Cyprus), FSA (SVG); not regulated in Canada |
| 🪙 Crypto licence | Not available |
| 📝 FSMA registration | Not registered |
| 📈 Assets available | 70+ (forex pairs, commodities, indices, stocks & stock CFDs, ETFs, cryptocurrencies) |
| 📊 Trading platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Iress (desktop, web, mobile) |
| 🛠️ Trading tools | Advanced charting, technical analysis, copy trading via MT4/MT5, economic calendar, market news |
| 🧪 Demo account | Yes, free and unlimited |
| ☪️ Islamic account | Yes, swap-free available |
| 📝 Key order types | Market, limit, stop, take profit, conditional orders |
| ⚡ Leverage | Up to 30:1 (retail clients); up to 500:1 (pro, not open to all) |
| 💸 Fees | Raw: from 0.0 pips + US$3/side; Standard: from 1.0 pips, no deposit/withdrawal fee for most methods |
| 📞 Customer support | 24/7 live chat, phone, email; multilingual support |
| ⭐ Trustpilot reviews | Not specified (check Trustpilot for latest rating) |
Security and Regulation
FP Markets demonstrates a strong level of security and reliability among brokers operating in Canada without domestic regulation. The broker is licensed by ASIC in Australia and CySEC in Europe—both recognized as tier-1 regulatory authorities—which ensures strict oversight regarding client fund protection, transparency, and operational standards. Although Canadian accounts are managed under the international (non-Canadian) entities, the backing of these major regulators increases my confidence in its overall security architecture.
Segregation of client funds from operational accounts is maintained, meaning trader deposits are ring-fenced in reputable banks and cannot be used for company operations or debts. This key protection is standard among regulated CFD brokers but remains crucial for mitigating risks in the unlikely event of insolvency. While there is no Canadian investor insurance, FP Markets’ compliance with leading international norms forms a robust second line of defense.
From a risk-management perspective, FP Markets offers the essential suite of tools— including stop loss, negative balance protection, and all standard order types on MT4/MT5 and Iress. However, advanced account protections such as two-factor authentication (2FA) are not yet mandatory across all logins, which is an area where the broker could enhance its cyber-resilience.
FP Markets is considered reliable in the industry, with over a decade of operational experience and a reputation for solid order execution and transparent pricing. While user reviews are generally favorable, and the multi-platform support enhances accessibility, the absence of a Canadian license and the limited selection of user testimonials leave modest room for improvement in perceived notoriety and coverage.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | ASIC & CySEC licensed; no Canadian/IIROC but top-tier global regulation | 4.5/5 |
| Fund security | Client money segregation, reputable banks; no investor insurance in Canada | 4/5 |
| Risk management tools | Stop loss, negative balance, classic order types; 2FA not standard | 4/5 |
| Notoriety and coverage | Decade+ track record, positive but limited recent reviews | 4/5 |
Fees, Spreads & Commissions
FP Markets offers a choice between Standard and Raw account types, which allows me to select a pricing model best suited to my trading strategy. With the Raw account, I trade at interbank spreads starting from 0.0 pips and pay a fixed commission of $3 per lot per side for forex. This cost structure is highly competitive among ECN-style brokers globally, particularly for high-frequency or scalping strategies where tight spreads are essential.
On the Standard Account, spreads are all-inclusive and begin at 1.0 pips for major pairs, removing the separate commission charge but resulting in a slightly wider trading cost. This model can be more attractive for those trading with lower volumes or seeking simplicity in their transaction expenses. Regardless of account type, I find that spreads on gold, silver, crude oil, and indices remain among the lowest available from offshore brokers—variable but consistently sharp.
Hidden fees are limited at FP Markets. There are no deposit or withdrawal fees for most methods, and the absence of inactivity charges removes a common pain point for casual or part-time traders. Currency conversion fees apply when moving funds across different currencies, but they are in line with market averages (typically 0.5–1%). The only notable platform charge is the $70/month Iress fee, but this is waived if I generate enough trading volume each month.
CFD trading on stocks and ETFs is commission-based when using the Iress platform, with fees from 0.08% per trade (subject to reasonable minimums). This is on the lower end for global equity CFD brokers, while overnight financing and swap fees are clearly disclosed when positions are held beyond regular trading hours.
In terms of crypto CFD trading, costs are blend of variable spreads and competitive commissions (deducted automatically). Importantly, there are no custody or transfer fees, as all digital asset exposure remains derivative and not on-chain, which simplifies accounting and cost management for Canadian traders.
What are the account-related fees?
| Fee Type | Conditions at FP Markets | Market Average |
|---|---|---|
| Opening fee | $0 | $0–$100 |
| Maintenance fee | $0 | $0–$20/year |
| Withdrawal fee | $0 (most methods) | $0–$30 |
| Inactivity fee | $0 (not enforced) | $0–$25/month |
| Currency conversion fee | 0.5%–1.0% (applies if relevant) | 0.5%–2% |
Expert advice: Trader Tip
Trip: For the lowest forex costs, choose the Raw account—especially if your strategy involves frequent or high-volume trades.
If trading equities or ETFs on Iress, stay active to ensure the monthly platform fee is waived, and keep your account in USD to limit conversion costs on international positions and settlements.
What are the fees on stocks and ETFs?
Trading stocks and ETFs at FP Markets through the Iress platform incurs a commission from 0.08% per side, with minimums that compare favourably to most international CFD competitors. All spreads are market-based, and there are no hidden custody fees or charges for holding assets. UK stamp duty applies only to UK-listed equities, and overnight finance is used for leveraged positions.
| Fee Type | Conditions at FP Markets | Market Average |
|---|---|---|
| Commission | from 0.08% per trade, min. applies | 0.08%–0.20%, min. applies |
| Spread fee | Market-based | Market-based |
| Overnight fee | Swap/rollover charged | Yes (CFD only) |
| Custody fee | $0 | $0–$25/year |
| UK stamp duty tax | 0.5% for UK stocks only | 0.5% (UK), $0 (US/CA stocks) |
What are the fees on cryptocurrencies?
FP Markets provides access to major cryptocurrencies via CFDs only, which avoids on-chain transaction fees and direct custody risks. Costs are embedded in the spread and commission, and overnight funding is applied to held leveraged positions. There are no withdrawal or deposit fees for crypto CFDs, as all trades are cash-settled.
| Fee Type | Conditions at FP Markets | Market Average (crypto or CFD brokers) |
|---|---|---|
| Buy/sell fees | $0 (cost included in spread/commission) | 0%–0.5% |
| Spread fees | Variable, typically from 0.2% | 0.2%–1.5% |
| Overnight fees | Standard swap/rollover on open trades | Yes |
| Custody fees | $0 (CFD only) | $0–$5/month |
| Transfer fees | $0 (CFD only, not on-chain) | $0–$10 |
What are the fees on CFDs?
FP Markets is positioned at the top end of global CFD pricing, especially with Raw accounts for active traders. Spreads on major FX and gold are often ultra-tight, stock CFDs incur low percentage commissions, and crypto CFD costs remain highly competitive. Overnight charges are fully transparent and can be reviewed in the trading platforms (MT4/MT5 or Iress) before finalizing a position.
| Underlying Asset | Maximum Leverage | Spread at FP Markets | Overnight Fee | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | 5:1 (Iress) | from 0.08% + min. | Swap/rollover | 0.08%–0.20% |
| Gold (XAU/USD) | 20:1 | from $0.13 (Raw) | Swap/rollover | from $0.20 |
| Silver (XAG/USD) | 20:1 | from $0.01 (Raw) | Swap/rollover | from $0.02 |
| Oil (WTI) | 10:1 | from $0.04 (Raw) | Swap/rollover | from $0.05 |
| EUR/USD | 30:1 | from 0.0 pips (Raw) | Swap/rollover | from 0.0–1.0 pips |
| EUR/GBP | 30:1 | from 0.0 pips (Raw) | Swap/rollover | from 0.1–1.3 pips |
| USD/JPY | 30:1 | from 0.0 pips (Raw) | Swap/rollover | from 0.2–1.0 pips |
| GBP/USD | 30:1 | from 0.0 pips (Raw) | Swap/rollover | from 0.2–1.3 pips |
| BEL 20 (BEL20) | 10:1 | from $1.00 | Swap/rollover | from $1.50 |
| BTC/USD (crypto CFD) | 2:1 | from 0.2% | Swap/rollover | 0.2%–1.5% |
Assets & Markets
FP Markets stands out for its classic CFD broker offering, centered on forex, indices, shares, commodities, and crypto CFDs. The depth of major forex pairs is a key strength—I appreciate the 60+ currency pairs with tight ECN spreads, which is excellent for scalpers and day traders seeking low costs. Globally recognized platforms such as MetaTrader 4/5 and Iress allow access to a solid selection of stocks and ETFs, though these are usually available only as CFDs rather than physical spot positions.
The range of cryptocurrencies is present but modest, focusing on mainstream coins tradable as CFDs but without spot or wallet capability—no option for staking or passive earn features here. Index and commodity coverage is comprehensive for global benchmarks, though the overall number of tradable instruments, at about 70, is relatively limited when compared to multi-asset brokers or those with direct stock access. A noticeable absence is that of bond CFDs, stablecoins, and NFTs, with the broker maintaining focus on liquid, widely traded markets.
Stock and ETF offerings are accessible via the Iress platform, but expect commission-based trading and primarily CFD exposure, making them well-suited for leveraged or short-term speculation but not for buy-and-hold investing. For Canadian users, FP Markets delivers a regulated and transparent environment—yet anyone looking for extensive crypto or niche asset access will find the range narrower than on dedicated crypto or multi-asset platforms.
| Asset Class | Type | Number at FP Markets | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | CFDs | Not specified | 1000+ | Apple, Tesla, BP, HSBC |
| ETFs | CFDs | Not specified | 100+ | SPDR S&P 500, iShares Asia |
| Cryptocurrencies | CFDs | Not specified | 20+ | Bitcoin, Ethereum, Litecoin |
| Currencies | Forex | 60+ | 50+ | EUR/USD, USD/JPY, GBP/CAD |
| Commodities | CFDs | Not specified | 10+ | Gold, Silver, Crude Oil |
| Indices | CFDs | Not specified | 10+ | S&P 500, Nasdaq 100, FTSE 100 |
| Bonds | Not offered | 0 | 5–20 (CFDs) | — |
| Stablecoins | Not offered | 0 | 2–5 (on crypto platforms) | — |
| NFTs | Not offered | 0 | 1–10 (on crypto platforms) | — |
| Other derivatives | Not specified | — | — | — |
Trading Tools & Apps
FP Markets builds its trading environment around solid, well-established platforms, primarily MetaTrader 4, MetaTrader 5, and Iress. MetaTrader remains the backbone for both forex and CFD clients, allowing clear navigation, responsive dashboards, and highly customizable chart setups. Order execution is swift and reliable, and the range of order types—including stop and trailing stops—adds further control for both manual and automated strategies.
For technical analysis, both MT4 and MT5 stand out with a large selection of pre-installed indicators and support for community-developed tools. Automated trading is fully covered: users can develop or deploy Expert Advisors and algorithmic strategies, while more advanced traders can backtest ideas within the MT5 environment. Copy trading is seamlessly integrated on both MetaTrader platforms, which is ideal for those wanting to mirror professional traders without needing in-depth technical know-how.
The Iress platform focuses on CFD share trading, offering detailed analytics, real-time market data, and advanced risk management—features better suited for experienced and active investors. However, it comes with a monthly fee unless you reach a certain trading volume, so casual users may find better value on MetaTrader. On mobile, FP Markets delivers robust MT4/MT5 apps with strong charting and order management, though some advanced functions from the desktop versions are pared back.
Where FP Markets falls short is in crypto and staking options. You cannot purchase spot crypto or stake assets; digital asset access is limited to CFDs only. Additionally, there is no TradingView integration—this may be a limitation for those accustomed to its charting versatility. Despite this, the usability of FP Markets platforms, combined with automated trading support and industry-standard tools, create an effective setup for a broad range of trader expertise levels.
| Feature | Verified Details |
|---|---|
| Mobile app | MT4, MT5 (iOS, Android), Iress mobile for share CFDs; no crypto wallet or TradingView app |
| Usability | Intuitive and consistent interface; efficient order management; clear dashboards |
| Compatible software | MetaTrader 4, MetaTrader 5 (desktop/web/mobile); Iress (web/desktop); no TradingView, no API for crypto |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, conditional/OCO orders (platform-dependent) |
| Charting and technical analysis | 30+ built-in indicators, drawing tools, template creation; detailed charting (MT4/MT5/Iress) |
| Auto trading / Automated strategies | Expert Advisors (MT4/5), bots, in-platform copy trading, strategy tester |
| Algorithmic trading | Full custom EA/script support (MT4/5); advanced backtesting; no AI or TradingView scripting |
| Negative balance protection | Yes, for all CFD/Forex accounts |
| Trading signals | MT4/MT5 signal integration; in-app trading alerts; no TradingView signals |
| Asset search and filters | Fast search, filter by asset class or symbol, custom watchlists |
| Spot stock purchase | Not available; shares only via CFDs |
| Staking and earn | Not available |
Expert advice
Trip: Use the unlimited FP Markets demo account to compare MetaTrader and Iress side by side. Test both platforms’ order tools and interfaces before deciding which best fits your trading style—especially if you plan to combine manual trading and algorithmic automation.
Account Opening & Deposits
Account opening
To open an account with FP Markets, begin by completing the online registration form on their website, providing personal and financial information. Next, you will answer a regulatory questionnaire to assess your trading experience and suitability. You are required to upload identity documents: a government-issued photo ID (such as a passport or driver’s license) and a recent proof of address. Once all documents are submitted, FP Markets will review your application—this typically takes less than one business day, though additional checks can cause delays. When your account is validated, you will receive a confirmation email with details on accessing your trading account and platform credentials.
Good to know
Selecting your preferred account base currency during signup can help you avoid unnecessary currency conversion fees on deposits and withdrawals.
| Item | Details |
|---|---|
| Opening procedure | Online form, regulatory questionnaire, KYC document upload, compliance review |
| Validation time | Usually under 1 business day; longer during high-demand periods or if extra checks are needed |
| Accepted deposit methods | Credit/debit card, bank wire transfer, e-wallets (Neteller, Skrill), cryptocurrencies |
| Minimum required deposit | US$100 |
| Required documents | Government-issued ID (passport, driver’s license), proof of address (utility bill, bank statement), KYC |
| Practical tip | Double-check that all documents are in color and clearly legible to speed up account approval |
Deposits and withdrawals on FP Markets
FP Markets offers a variety of methods to fund and withdraw from your account, including credit/debit cards, bank wire transfers, several e-wallets, and selected cryptocurrencies. The broker supports major account base currencies, with USD being the standard for Canadians. Deposits by most methods are processed instantly or within one business day; bank transfers and crypto payments may take longer. Most funding and withdrawal methods have no fees from FP Markets, but intermediary bank or network charges may still apply, especially with international payments or crypto transactions. FP Markets does not offer an integrated wallet or direct fiat-to-crypto conversion; all cryptocurrency deposits are automatically credited in your trading account currency. Processing times for withdrawals are generally within one business day following the request, with overall receipt time depending on your selected payment method and banking network.
Good to know
Check with your payment provider or bank for any extra fees or processing times that may apply to your chosen deposit or withdrawal method, especially for currency conversions or crypto transactions.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | USD, EUR, GBP, AUD | US$100 | Instant to 1 business day | No FP Markets fee (card provider may charge) |
| Bank transfer | USD, EUR, GBP, AUD, CAD | US$100 | 1 business day (plus bank time) | No FP Markets fee (banks may charge) |
| E-wallets (Neteller, Skrill) | USD, EUR, others | US$100 | Instant to 1 business day | No FP Markets fee (provider may charge) |
| Stablecoins or cryptos | BTC, ETH, USDT, etc. | US$100 equivalent | 1 business day | No FP Markets fee (network/miner fees apply) |
| Other local options | Broker-to-broker transfer | US$100 | 1 business day | No FP Markets fee |
Account Types
FP Markets is an international CFD and Forex broker offering a range of account types to meet the needs of both beginner and advanced traders. You can choose from accounts with commission-free trading, ECN-style spreads, and swap-free options tailored for specific requirements. Demo accounts enable risk-free practice, while professional accounts with higher leverage and additional features are available to eligible clients. FP Markets does not offer crypto staking, cold storage, or tax-advantaged accounts, but supports multiple global base currencies to give flexibility on deposits.
| Account Type | Available | Main Features |
|---|---|---|
| Demo account | ✅ | Unlimited practice with virtual funds; access to MT4, MT5, Iress platforms |
| Standard account | ✅ | Commission-free trading; spreads from 1.0 pips; $100 USD min deposit; MT4, MT5 |
| Raw ECN account | ✅ | ECN pricing; spreads from 0.0 pips + $3/lot commission; suited to active traders |
| Islamic account | ✅ | Swap-free; Sharia-compliant; no overnight interest; eligibility verification required |
| Professional account | ✅ | Higher leverage (up to 500:1); available to eligible clients meeting specific criteria |
| CFD account | ✅ | Access to Forex, CFDs on indices, commodities, shares, cryptocurrencies |
| Classic securities account | ❌ | Not offered; all share trading is via CFDs |
| Staking/earn account | ❌ | Not available; no crypto staking or interest-earning features |
| Cold storage account | ❌ | Not available; FP Markets does not provide crypto custody or cold storage |
| Tax-advantaged account | ❌ | Not offered; no RRSP, TFSA or similar structures available |
| Accepted base currencies | ✅ | USD, EUR, GBP, AUD, SGD, NZD, CAD, HKD, JPY |
Trip
If you are an active trader seeking tight spreads and fast execution, consider the Raw ECN account to minimize trading costs. Beginners may start with a Standard or Demo account to familiarize themselves with the platforms and markets before committing real funds.
How FP Markets Compares to Competitors
How does FP Markets compare to competitors?
| Feature | FP Markets | Axi | FBS | Fusion Markets |
|---|---|---|---|---|
| Minimum deposit | $100 USD | $5 USD | $1.05 USD | No minimum |
| Number of instruments | 70+ | 450+ | 100+ | 200+ |
| Spreads (EUR/USD, USD/JPY, Gold) | EUR/USD: from 0.0 pips (Raw), from 1.0 pips (Standard) USD/JPY: from 0.0 pips (Raw), from 1.0 pips (Standard) Gold: from 0.13 (Raw), from 0.16 (Standard) | EUR/USD: from 0.0 pips + commission (Pro), from 0.4 pips (Standard) USD/JPY: from 0.4 pips Gold: from 0.2 | EUR/USD: from 0.7 pips (Standard) USD/JPY: from 1.0 pips Gold: from 0.3 | EUR/USD: from 0.0 pips (Zero), 0.1 pips (Classic) USD/JPY: from 0.1 pips Gold: from 0.10 |
| Trading platforms | MT4, MT5, Iress | MT4, Axi Copy Trading App | MT4, MT5, FBS Trader App | MT4, MT5, cTrader |
| Regulation | ASIC, CySEC, FSA (offshore for CA) | Financial Commission (offshore for CA) | CySEC (offshore for CA) | VFSC (offshore for CA) |
| Demo account | ✅ | ✅ | ✅ | ✅ |
| Copy trading | ✅ (MT4/MT5) | ✅ (Axi App) | ✅ (FBS App) | ✅ (Myfxbook/DupliTrade) |
| Read the review | Read the review Axi | Read the review FBS | Read the review Fusion Markets |
USD/JPY: from 0.0 pips (Raw), from 1.0 pips (Standard)
Gold: from 0.13 (Raw), from 0.16 (Standard)
USD/JPY: from 0.4 pips
Gold: from 0.2
USD/JPY: from 1.0 pips
Gold: from 0.3
USD/JPY: from 0.1 pips
Gold: from 0.10
Customer reviews
With a Trustpilot rating of 4.5 out of 5 based on over 1,500 reviews, FP Markets receives generally positive feedback from its clients. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Fast and straightforward account opening process
- Responsive and knowledgeable customer support
- Competitive spreads and transparent fee structure
- Wide range of trading platforms (MT4, MT5, Iress)
- Reliable execution speed on trades
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Platform interface can be overwhelming for beginners
- Occasional delays in withdrawal processing
- Limited selection of tradable instruments compared to some peers
- Lack of Canada-specific customer support or regulatory protection
- Higher minimum deposit requirement than some competitors
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
S.H. – 08/03/2024 : “Account setup was quick and easy, and any questions I had were answered within minutes by customer support.”
J.R. – 28/02/2024 : “Their spreads are some of the best I’ve found. I do wish there was a wider asset selection, but execution is always fast and reliable.”
L.T. – 15/01/2024 : “It took a bit longer than expected to process my withdrawal, but overall the platform is stable and offers solid trading tools.”
FAQ
Is FP Markets regulated in CA?
FP Markets is not regulated by Canadian authorities such as IIROC or CSA. Instead, it operates internationally under licenses from ASIC (Australia), CySEC (Cyprus), and the FSA (St. Vincent & the Grenadines). Canadian residents access the platform via its offshore entities and are not covered by Canadian investor protection schemes.
What is the minimum deposit on FP Markets?
The minimum deposit on FP Markets is US$100 for both Standard and Raw accounts. This initial funding requirement may be higher than some competitors, but it is typical for brokers with similar spreads and trading conditions. There are no deposit fees for most funding methods.
Does FP Markets offer a welcome bonus?
FP Markets does not consistently offer a welcome bonus to new clients. Marketing promotions, when available, are time-limited and may be subject to terms and conditions. Users are encouraged to check the official website for any current offers before registering.
How does leverage work on FP Markets?
Retail clients at FP Markets can use leverage up to 30:1 for major forex pairs, which allows them to control larger positions with a smaller margin. Pro account holders, subject to strict eligibility, can access leverage up to 500:1, but this is rarely available in Canada due to local regulations.
How does FP Markets make money?
FP Markets generates revenue through spreads on Standard accounts and commissions on Raw accounts for each trade. Additional income may come from swap charges on overnight positions and possible currency conversion fees for non-USD accounts, but there are no hidden deposit or withdrawal fees.
Who is behind FP Markets?
FP Markets is owned and operated by First Prudential Markets Pty Ltd, an Australian company with a two-decade history in multi-asset trading. It is headquartered in Sydney, Australia, and operates internationally under various regulatory jurisdictions.
When was FP Markets launched?
FP Markets was launched in 2005 and has since grown into a globally recognized multi-asset brokerage. Its longevity is supported by a focus on transparent trading conditions and consistent regulatory oversight in multiple regions.
Does FP Markets offer copy trading or social trading?
Yes, FP Markets offers copy trading via the MetaTrader 4 and MetaTrader 5 platforms. Clients can follow and automatically replicate the strategies of successful traders. There are no additional platform fees for copy trading beyond normal trading costs.
How can I contact FP Markets’s customer service?
FP Markets provides 24/7 multilingual customer support. Clients in Canada can contact the team by live chat, phone, or email. Comprehensive help is available for account setup, trading issues, and platform navigation.
Does FP Markets offer any promotions or referral programs?
FP Markets occasionally runs limited-time promotions or referral programs. These can vary and may include rebates, trading credits, or referral bonuses. For the latest details, users should visit the FP Markets website or contact customer support.
Is FP Markets regulated in CA?
FP Markets is not regulated by Canadian authorities such as IIROC or CSA. Instead, it operates internationally under licenses from ASIC (Australia), CySEC (Cyprus), and the FSA (St. Vincent & the Grenadines). Canadian residents access the platform via its offshore entities and are not covered by Canadian investor protection schemes.
What is the minimum deposit on FP Markets?
The minimum deposit on FP Markets is US$100 for both Standard and Raw accounts. This initial funding requirement may be higher than some competitors, but it is typical for brokers with similar spreads and trading conditions. There are no deposit fees for most funding methods.
Does FP Markets offer a welcome bonus?
FP Markets does not consistently offer a welcome bonus to new clients. Marketing promotions, when available, are time-limited and may be subject to terms and conditions. Users are encouraged to check the official website for any current offers before registering.
How does leverage work on FP Markets?
Retail clients at FP Markets can use leverage up to 30:1 for major forex pairs, which allows them to control larger positions with a smaller margin. Pro account holders, subject to strict eligibility, can access leverage up to 500:1, but this is rarely available in Canada due to local regulations.
How does FP Markets make money?
FP Markets generates revenue through spreads on Standard accounts and commissions on Raw accounts for each trade. Additional income may come from swap charges on overnight positions and possible currency conversion fees for non-USD accounts, but there are no hidden deposit or withdrawal fees.
Who is behind FP Markets?
FP Markets is owned and operated by First Prudential Markets Pty Ltd, an Australian company with a two-decade history in multi-asset trading. It is headquartered in Sydney, Australia, and operates internationally under various regulatory jurisdictions.
When was FP Markets launched?
FP Markets was launched in 2005 and has since grown into a globally recognized multi-asset brokerage. Its longevity is supported by a focus on transparent trading conditions and consistent regulatory oversight in multiple regions.
Does FP Markets offer copy trading or social trading?
Yes, FP Markets offers copy trading via the MetaTrader 4 and MetaTrader 5 platforms. Clients can follow and automatically replicate the strategies of successful traders. There are no additional platform fees for copy trading beyond normal trading costs.
How can I contact FP Markets’s customer service?
FP Markets provides 24/7 multilingual customer support. Clients in Canada can contact the team by live chat, phone, or email. Comprehensive help is available for account setup, trading issues, and platform navigation.
Does FP Markets offer any promotions or referral programs?
FP Markets occasionally runs limited-time promotions or referral programs. These can vary and may include rebates, trading credits, or referral bonuses. For the latest details, users should visit the FP Markets website or contact customer support.
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