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FP Markets

My Expert Review of FP Markets in Canada (July 2025)

FP Markets
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My opinion on FP Markets

Last update: July 2, 2025
FP MarketsFP Markets
3.9
hellosafe-logoScore
P. Laurore
P. LauroreFinance expert

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
FP MarketsFP Markets
3.9
hellosafe-logoScore
  • 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

Last update: July 2, 2025
P. Laurore
P. LauroreFinance expert
  • 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
FP MarketsFP Markets
3.9
hellosafe-logoScore
  • 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
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.

➡️ 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.

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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

FonctionnalitéDétail
💰 Dépôt minimumUS$100 (or equivalent in CAD)
🛡️ RégulationASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent & the Grenadines)
🪙 Licence cryptoNo direct crypto license; crypto trading via CFDs
📝 Enregistrement FSMANot registered
📈 Actifs disponibles10,000+ instruments: stocks, stock CFDs, ETFs, ETF CFDs, indices, forex, commodities, crypto CFDs
📊 Plateformes de tradingMetaTrader 4, MetaTrader 5, Iress, cTrader, FP Markets Social Trading
🛠️ Outils de tradingAdvanced charting, EAs, copy trading, depth of market, one-click trading
📝 Compte démoYes, unlimited duration, virtual funds
☪️ Compte islamiqueYes, available for Canadian residents (swap-free)
🏁 Ordres clésMarket, limit, stop, stop-loss, take-profit, trailing stop, conditional orders
⚖️ Effet de levierUp to 1:30 (forex, retail clients); up to 1:500 (pro, not for all clients); varies by asset
💸 FraisNo account/deposit fee; spreads from 0.0 pips (Raw), commissions from US$3/lot/side; some withdrawal fees
📞 Support clientLive chat, phone, email; 24/7 multilingual support
🌟 Avis Trustpilot5.0 / 5 (8,686+ reviews, July 2024)
💰 Dépôt minimum
Détail
US$100 (or equivalent in CAD)
🛡️ Régulation
Détail
ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent & the Grenadines)
🪙 Licence crypto
Détail
No direct crypto license; crypto trading via CFDs
📝 Enregistrement FSMA
Détail
Not registered
📈 Actifs disponibles
Détail
10,000+ instruments: stocks, stock CFDs, ETFs, ETF CFDs, indices, forex, commodities, crypto CFDs
📊 Plateformes de trading
Détail
MetaTrader 4, MetaTrader 5, Iress, cTrader, FP Markets Social Trading
🛠️ Outils de trading
Détail
Advanced charting, EAs, copy trading, depth of market, one-click trading
📝 Compte démo
Détail
Yes, unlimited duration, virtual funds
☪️ Compte islamique
Détail
Yes, available for Canadian residents (swap-free)
🏁 Ordres clés
Détail
Market, limit, stop, stop-loss, take-profit, trailing stop, conditional orders
⚖️ Effet de levier
Détail
Up to 1:30 (forex, retail clients); up to 1:500 (pro, not for all clients); varies by asset
💸 Frais
Détail
No account/deposit fee; spreads from 0.0 pips (Raw), commissions from US$3/lot/side; some withdrawal fees
📞 Support client
Détail
Live chat, phone, email; 24/7 multilingual support
🌟 Avis Trustpilot
Détail
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.

IndicatorDescriptionEvaluation
Regulatory complianceASIC, CySEC, FSCA, FSA licenses; no local Canadian regulation but robust tier-1/tier-2 oversight4.5/5
Fund securitySegregated client funds, robust procedures, no direct crypto custody as CFDs only4/5
Risk management toolsStop loss, negative balance protection, 2FA, all standard across platforms4.5/5
Notoriety and coverageExcellent user reputation, 5.0/5 on Trustpilot, long operational history5/5
Evaluation of key indicators.
Regulatory compliance
Description
ASIC, CySEC, FSCA, FSA licenses; no local Canadian regulation but robust tier-1/tier-2 oversight
Evaluation
4.5/5
Fund security
Description
Segregated client funds, robust procedures, no direct crypto custody as CFDs only
Evaluation
4/5
Risk management tools
Description
Stop loss, negative balance protection, 2FA, all standard across platforms
Evaluation
4.5/5
Notoriety and coverage
Description
Excellent user reputation, 5.0/5 on Trustpilot, long operational history
Evaluation
5/5
Evaluation of key indicators.

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 TypeConditions at FP MarketsMarket Average
Opening fee$0$0–$50
Maintenance fee$0 (Iress: inactivity fee $55–$70)$0–$10/month
Withdrawal feeMay apply (e.g. $10–$20 bank wire)$0–$35
Inactivity fee$0 (except on Iress if not active)$5–$30/month
Currency conversion feeVaries, typically 0.5%–1.0%0.3%–1%
Comparison of Fees: FP Markets vs. Market Average
Opening fee
Conditions at FP Markets
$0
Market Average
$0–$50
Maintenance fee
Conditions at FP Markets
$0 (Iress: inactivity fee $55–$70)
Market Average
$0–$10/month
Withdrawal fee
Conditions at FP Markets
May apply (e.g. $10–$20 bank wire)
Market Average
$0–$35
Inactivity fee
Conditions at FP Markets
$0 (except on Iress if not active)
Market Average
$5–$30/month
Currency conversion fee
Conditions at FP Markets
Varies, typically 0.5%–1.0%
Market Average
0.3%–1%
Comparison of Fees: FP Markets vs. Market Average
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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 TypeConditions at FP MarketsMarket Average
CommissionFrom 0.08% (min. $10/trade)$0–$0.08/share or $8–$14 (spot)
Spread feeTight (US shares from $0.01)From $0.01/share
Overnight feeYes, variable by assetYes, variable
Custody fee$0$0–$10/month
UK stamp duty tax$0 (on CFDs)0–0.5% (spot only)
Commission
Conditions at FP Markets
From 0.08% (min. $10/trade)
Market Average
$0–$0.08/share or $8–$14 (spot)
Spread fee
Conditions at FP Markets
Tight (US shares from $0.01)
Market Average
From $0.01/share
Overnight fee
Conditions at FP Markets
Yes, variable by asset
Market Average
Yes, variable
Custody fee
Conditions at FP Markets
$0
Market Average
$0–$10/month
UK stamp duty tax
Conditions at FP Markets
$0 (on CFDs)
Market Average
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 TypeConditions at FP MarketsMarket Average (crypto or CFD brokers)
Buy/sell feesSpread-based, from 0.04%0.1%–2% (CFD brokers); 0.1%–0.5% (spot)
Spread feesFrom 0.04% of notional value0.1%–2%
Overnight feesYes, variableYes, 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)
Comparison of fee types and conditions between FP Markets and the market average for crypto or CFD brokers.
Buy/sell fees
Conditions at FP Markets
Spread-based, from 0.04%
Market Average (crypto or CFD brokers)
0.1%–2% (CFD brokers); 0.1%–0.5% (spot)
Spread fees
Conditions at FP Markets
From 0.04% of notional value
Market Average (crypto or CFD brokers)
0.1%–2%
Overnight fees
Conditions at FP Markets
Yes, variable
Market Average (crypto or CFD brokers)
Yes, variable
Custody fees
Conditions at FP Markets
$0 (CFDs, no physical custody)
Market Average (crypto or CFD brokers)
$0 (CFDs), $0–$1/month (spot wallets)
Transfer fees
Conditions at FP Markets
$0 (no blockchain withdrawal)
Market Average (crypto or CFD brokers)
$0 (CFDs); variable (spot exchanges)
Comparison of fee types and conditions between FP Markets and the market average for crypto or CFD brokers.

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 AssetMaximum LeverageSpread at FP MarketsOvernight FeeMarket Average (CFD brokers)
CFD StocksUp to 1:20From $0.01/share + 0.08%Yes, variable$0.01–$0.08/share + swap
Gold (XAU/USD)Up to 1:20From 0.16 pips (Std)Yes, variable0.3–1.5 points
Silver (XAG/USD)Up to 1:20From 0.02 pips (Std)Yes, variable0.05–0.15 points
Oil (WTI)Up to 1:20From 0.04 pipsYes, variable0.05–0.10 points
EUR/USDUp to 1:30From 0.0 pips (Raw) + $3Yes, variable0.7–1.5 pips
EUR/GBPUp to 1:30From 0.0 pips (Raw) + $3Yes, variable1.0–2.0 pips
USD/JPYUp to 1:30From 0.0 pips (Raw) + $3Yes, variable0.7–1.5 pips
GBP/USDUp to 1:30From 0.0 pips (Raw) + $3Yes, variable1.0–2.0 pips
BEL 20 (BEL20)Up to 1:20From 0.23 pointsYes, variable1–3 points
BTC/USD (crypto CFD)Up to 1:2From 0.04% of notionalYes, variable0.1%–2% of notional
Comparison of trading conditions at FP Markets against the market average for various assets.
CFD Stocks
Maximum Leverage
Up to 1:20
Spread at FP Markets
From $0.01/share + 0.08%
Overnight Fee
Yes, variable
Market Average (CFD brokers)
$0.01–$0.08/share + swap
Gold (XAU/USD)
Maximum Leverage
Up to 1:20
Spread at FP Markets
From 0.16 pips (Std)
Overnight Fee
Yes, variable
Market Average (CFD brokers)
0.3–1.5 points
Silver (XAG/USD)
Maximum Leverage
Up to 1:20
Spread at FP Markets
From 0.02 pips (Std)
Overnight Fee
Yes, variable
Market Average (CFD brokers)
0.05–0.15 points
Oil (WTI)
Maximum Leverage
Up to 1:20
Spread at FP Markets
From 0.04 pips
Overnight Fee
Yes, variable
Market Average (CFD brokers)
0.05–0.10 points
EUR/USD
Maximum Leverage
Up to 1:30
Spread at FP Markets
From 0.0 pips (Raw) + $3
Overnight Fee
Yes, variable
Market Average (CFD brokers)
0.7–1.5 pips
EUR/GBP
Maximum Leverage
Up to 1:30
Spread at FP Markets
From 0.0 pips (Raw) + $3
Overnight Fee
Yes, variable
Market Average (CFD brokers)
1.0–2.0 pips
USD/JPY
Maximum Leverage
Up to 1:30
Spread at FP Markets
From 0.0 pips (Raw) + $3
Overnight Fee
Yes, variable
Market Average (CFD brokers)
0.7–1.5 pips
GBP/USD
Maximum Leverage
Up to 1:30
Spread at FP Markets
From 0.0 pips (Raw) + $3
Overnight Fee
Yes, variable
Market Average (CFD brokers)
1.0–2.0 pips
BEL 20 (BEL20)
Maximum Leverage
Up to 1:20
Spread at FP Markets
From 0.23 points
Overnight Fee
Yes, variable
Market Average (CFD brokers)
1–3 points
BTC/USD (crypto CFD)
Maximum Leverage
Up to 1:2
Spread at FP Markets
From 0.04% of notional
Overnight Fee
Yes, variable
Market Average (CFD brokers)
0.1%–2% of notional
Comparison of trading conditions at FP Markets against the market average for various assets.

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 ClassTypeNumber at FP MarketsMarket AverageExample Assets
StocksCFD/Spot via Iress10,000+1,000–5,000+Apple, Shopify, BHP, Toyota
ETFsCFD/Spot via IressNot specified20–200SPDR S&P 500, iShares MSCI World
CryptocurrenciesCFD5+10–100+BTC/USD, ETH/USD, XRP/USD
CurrenciesForex (CFD)70+40–100EUR/USD, USD/CAD, GBP/JPY
CommoditiesCFD10+5–20Gold, Silver, WTI Oil
IndicesCFD19+10–20S&P 500, ASX 200, DAX 40
BondsCFD/Spot via IressAvailable1–5US Treasuries, Euro Bund (Iress only)
StablecoinsNot available02–5
NFTsNot available00–2
Other derivativesFutures via IressAvailableVariableIndex futures, commodity futures
Stocks
Type
CFD/Spot via Iress
Number at FP Markets
10,000+
Market Average
1,000–5,000+
Example Assets
Apple, Shopify, BHP, Toyota
ETFs
Type
CFD/Spot via Iress
Number at FP Markets
Not specified
Market Average
20–200
Example Assets
SPDR S&P 500, iShares MSCI World
Cryptocurrencies
Type
CFD
Number at FP Markets
5+
Market Average
10–100+
Example Assets
BTC/USD, ETH/USD, XRP/USD
Currencies
Type
Forex (CFD)
Number at FP Markets
70+
Market Average
40–100
Example Assets
EUR/USD, USD/CAD, GBP/JPY
Commodities
Type
CFD
Number at FP Markets
10+
Market Average
5–20
Example Assets
Gold, Silver, WTI Oil
Indices
Type
CFD
Number at FP Markets
19+
Market Average
10–20
Example Assets
S&P 500, ASX 200, DAX 40
Bonds
Type
CFD/Spot via Iress
Number at FP Markets
Available
Market Average
1–5
Example Assets
US Treasuries, Euro Bund (Iress only)
Stablecoins
Type
Not available
Number at FP Markets
0
Market Average
2–5
Example Assets
NFTs
Type
Not available
Number at FP Markets
0
Market Average
0–2
Example Assets
Other derivatives
Type
Futures via Iress
Number at FP Markets
Available
Market Average
Variable
Example Assets
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.

FeatureVerified Details
Mobile appMetaTrader 4/5, cTrader, TradingView (via web and mobile browsers); no dedicated crypto wallet
UsabilityFluid, modern, and highly customizable (MT4/MT5, cTrader); technical depth in Iress and TradingView
Compatible softwareMetaTrader 4, MetaTrader 5, cTrader, Iress, TradingView integration; API access for advanced users
Order typesMarket, limit, stop-loss, take-profit, trailing stop, conditional; OCO via scripts/plugins
Charting and technical analysis30+ standard indicators (MT4/5), advanced TradingView analytics, custom scripting, market scanners
Auto trading / Automated strategiesEAs (MT4/5), cTrader Automate (cBots), copy trading via Social Trading app, Iress scripting
Algorithmic tradingFull support—custom scripts, EAs, cBots, and TradingView Pine Script integration
Negative balance protectionAvailable on CFD/Forex accounts
Trading signalsVia TradingView, MT4/5 signal marketplace, and social trading app
Asset search and filtersAdvanced in Iress and cTrader; MT4/5 use lists and manual search
Spot stock purchaseNot available (CFDs only for equities)
Staking and earnNot available
Mobile app
Verified Details
MetaTrader 4/5, cTrader, TradingView (via web and mobile browsers); no dedicated crypto wallet
Usability
Verified Details
Fluid, modern, and highly customizable (MT4/MT5, cTrader); technical depth in Iress and TradingView
Compatible software
Verified Details
MetaTrader 4, MetaTrader 5, cTrader, Iress, TradingView integration; API access for advanced users
Order types
Verified Details
Market, limit, stop-loss, take-profit, trailing stop, conditional; OCO via scripts/plugins
Charting and technical analysis
Verified Details
30+ standard indicators (MT4/5), advanced TradingView analytics, custom scripting, market scanners
Auto trading / Automated strategies
Verified Details
EAs (MT4/5), cTrader Automate (cBots), copy trading via Social Trading app, Iress scripting
Algorithmic trading
Verified Details
Full support—custom scripts, EAs, cBots, and TradingView Pine Script integration
Negative balance protection
Verified Details
Available on CFD/Forex accounts
Trading signals
Verified Details
Via TradingView, MT4/5 signal marketplace, and social trading app
Asset search and filters
Verified Details
Advanced in Iress and cTrader; MT4/5 use lists and manual search
Spot stock purchase
Verified Details
Not available (CFDs only for equities)
Staking and earn
Verified Details
Not available
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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.

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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.

ItemDetails
Opening procedureOnline application, regulatory questionnaire, document upload (ID & address), compliance review
Validation timeA few hours to one business day
Accepted deposit methodsCredit/debit cards, bank transfer, e-wallets (Skrill, Neteller, PayPal), crypto, broker-to-broker
Minimum required depositUS$100 (or equivalent) for Standard and Raw accounts
Required documentsGovernment-issued ID, proof of address (utility bill/bank statement), possible selfie for verification
Practical tipUpload documents in high-resolution and check account type/region restrictions before applying
Summary of account opening procedures, requirements, and funding details.
Opening procedure
Details
Online application, regulatory questionnaire, document upload (ID & address), compliance review
Validation time
Details
A few hours to one business day
Accepted deposit methods
Details
Credit/debit cards, bank transfer, e-wallets (Skrill, Neteller, PayPal), crypto, broker-to-broker
Minimum required deposit
Details
US$100 (or equivalent) for Standard and Raw accounts
Required documents
Details
Government-issued ID, proof of address (utility bill/bank statement), possible selfie for verification
Practical tip
Details
Upload documents in high-resolution and check account type/region restrictions before applying
Summary of account opening procedures, requirements, and funding details.

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.

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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 methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardUSD, CAD, EUR, AUD, othersUS$100Instant to 1 business dayUsually none (bank/issuer may charge)
Bank transferUSD, CAD, EUR, AUD, othersUS$1001–3 business daysBank or intermediary fees possible
E-wallets (e.g., Skrill, Neteller, PayPal)USD, CAD, EUR, AUD, othersUS$100Instant to 1 business dayE-wallet may charge small fee
Stablecoins/cryptosBTC, ETH, LTC, othersUS$100 eqUp to 1 business dayNetwork/miner fees only
Other local optionsVaries (check support)VariesUsually 1 business dayMay depend on provider
Comparison of different payment methods, their accepted currencies, minimum amounts, processing times, and potential fees.
Credit card
Accepted currencies
USD, CAD, EUR, AUD, others
Minimum amount
US$100
Processing time
Instant to 1 business day
Possible fees
Usually none (bank/issuer may charge)
Bank transfer
Accepted currencies
USD, CAD, EUR, AUD, others
Minimum amount
US$100
Processing time
1–3 business days
Possible fees
Bank or intermediary fees possible
E-wallets (e.g., Skrill, Neteller, PayPal)
Accepted currencies
USD, CAD, EUR, AUD, others
Minimum amount
US$100
Processing time
Instant to 1 business day
Possible fees
E-wallet may charge small fee
Stablecoins/cryptos
Accepted currencies
BTC, ETH, LTC, others
Minimum amount
US$100 eq
Processing time
Up to 1 business day
Possible fees
Network/miner fees only
Other local options
Accepted currencies
Varies (check support)
Minimum amount
Varies
Processing time
Usually 1 business day
Possible fees
May depend on provider
Comparison of different payment methods, their accepted currencies, minimum amounts, processing times, and potential fees.

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 typeAvailableMain features
Demo accountUnlimited, risk-free trading simulation, virtual capital, full-feature access
Standard accountUS$100 min deposit, spreads from 1.0 pips, zero commission, suited for most retail traders
Raw ECN accountUS$100 min deposit, spreads from 0.0 pips, US$3/lot/side commission, suited for active/FX
Islamic accountSwap-free, Sharia-compliant, available on request for all account types
Professional accountNot offered directly to Canadian retail clients
CFD accountAccess to forex, stocks, indices, commodities, crypto—all via CFDs
Classic securities accountDirect access to global stocks via Iress (with account and platform-specific conditions)
Staking/earn accountNot available—no DeFi, staking, or yield products
Cold storage accountNot available—no direct crypto or hardware wallet support
Tax-advantaged accountNot available—no RRSP, TFSA, or similar Canadian tax wrappers
Accepted base currenciesUSD, CAD, AUD, EUR, GBP, SGD, HKD, NZD, JPY and others depending on the platform
Available Account Types
Demo account
Available
Main features
Unlimited, risk-free trading simulation, virtual capital, full-feature access
Standard account
Available
Main features
US$100 min deposit, spreads from 1.0 pips, zero commission, suited for most retail traders
Raw ECN account
Available
Main features
US$100 min deposit, spreads from 0.0 pips, US$3/lot/side commission, suited for active/FX
Islamic account
Available
Main features
Swap-free, Sharia-compliant, available on request for all account types
Professional account
Available
Main features
Not offered directly to Canadian retail clients
CFD account
Available
Main features
Access to forex, stocks, indices, commodities, crypto—all via CFDs
Classic securities account
Available
Main features
Direct access to global stocks via Iress (with account and platform-specific conditions)
Staking/earn account
Available
Main features
Not available—no DeFi, staking, or yield products
Cold storage account
Available
Main features
Not available—no direct crypto or hardware wallet support
Tax-advantaged account
Available
Main features
Not available—no RRSP, TFSA, or similar Canadian tax wrappers
Accepted base currencies
Available
Main features
USD, CAD, AUD, EUR, GBP, SGD, HKD, NZD, JPY and others depending on the platform
Available Account Types
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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.

P. Laurore
P. Laurore
Finance expert
HelloSafe
Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.

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