My opinion on FP Markets
FP Markets stands out as a strongly regulated broker, boasting licenses from ASIC and CySEC, and has served a global trading community since 2005 with tens of thousands of active clients worldwide.Its competitive Raw account structure delivers ultra-tight spreads from 0.0 pips (with industry-low commissions), positioning it well for cost-conscious Canadian traders seeking reliable execution and robust trading platforms.While the asset list is more limited compared to some rivals, FP Markets provides all major FX pairs, key indices, stocks, commodities, and crypto CFDs, with leverage up to 30:1 for retail clients.FP Markets is particularly attractive versus its main competitors because of its focus on regulatory reliability, direct market access, and transparent raw pricing—balancing strong regulatory credentials with well-structured trading costs and advanced MetaTrader support.Although not directly regulated in Canada, FP Markets' international reputation and oversight inspire trust for Canadian residents looking for a stable, multi-platform broker.Trustpilot score: (Not specified; check latest online for updates.)Based on my experience, FP Markets is best suited for the following types of traders:
➡️ Active forex and CFD traders prioritizing ultra-tight spreads
FP Markets’ Raw account offers spreads from 0.0 pips and commissions among the lowest in the industry, making it ideal for scalpers and high-frequency traders who need cost efficiency and execution speed.
➡️ Traders using MetaTrader 4 or 5 with advanced strategies
The broker supports MT4 and MT5, allowing for algorithmic trading, custom indicators, and EA integration. It also provides VPS hosting for enhanced execution performance.
➡️ Canadian traders looking for low-cost global access with trusted oversight
Though not CIRO-regulated, FP Markets is licensed by ASIC and CySEC, offering a higher degree of credibility than many offshore brokers. Its focus on transparency, direct market access (DMA), and fair pricing appeals to seasoned traders in Canada.
- ✅Regulated by ASIC and CySEC, offering a solid security profile
- ✅Raw account spreads from 0.0 pips with low $3/lot commission
- ✅Low minimum deposit of US$100, with no deposit or withdrawal fees for most methods
- ✅MetaTrader 4 & 5 plus Iress trading platforms for powerful tools and flexibility
- ✅Comprehensive set of order types and advanced charting features
- ✅Leverage up to 30:1 for Canadian retail clients (pro clients higher where eligible)
- ✅Copy trading functionalities via MT4/MT5 integrations
- ✅Range of asset classes: forex, indices, stocks, commodities, crypto CFDs, ETFs
- ✅24/7 customer support and multilingual service
- ✅Free and unlimited demo account for Canadian users
- ✅Online account opening with straightforward KYC process
- ❌Not directly regulated by Canadian authorities (operates via international entities)
- ❌Smaller selection of tradable instruments (around 70+) compared to top competitors
- ❌No native proprietary copy trading platform (integrated only via MetaTrader)
- ❌No staking, lending, or crypto wallet services offered
- ❌Limited to CFD trading for cryptocurrencies (no spot crypto purchases)
- ❌Potential currency conversion fees for non-USD accounts
- ❌Monthly fee applies to Iress platform unless minimum trade volume is met
- ❌Minimum deposit ($100) is higher than some low-cost competitors
- ❌Exact inactivity/overnight fee details not transparently specified on all assets
Score- ✅Regulated by ASIC and CySEC, offering a solid security profile
- ✅Raw account spreads from 0.0 pips with low $3/lot commission
- ✅Low minimum deposit of US$100, with no deposit or withdrawal fees for most methods
- ✅MetaTrader 4 & 5 plus Iress trading platforms for powerful tools and flexibility
- ✅Comprehensive set of order types and advanced charting features
- ✅Leverage up to 30:1 for Canadian retail clients (pro clients higher where eligible)
- ✅Copy trading functionalities via MT4/MT5 integrations
- ✅Range of asset classes: forex, indices, stocks, commodities, crypto CFDs, ETFs
- ✅24/7 customer support and multilingual service
- ✅Free and unlimited demo account for Canadian users
- ✅Online account opening with straightforward KYC process
My opinion on FP Markets
- ✅Regulated by ASIC and CySEC, offering a solid security profile
- ✅Raw account spreads from 0.0 pips with low $3/lot commission
- ✅Low minimum deposit of US$100, with no deposit or withdrawal fees for most methods
- ✅MetaTrader 4 & 5 plus Iress trading platforms for powerful tools and flexibility
- ✅Comprehensive set of order types and advanced charting features
- ✅Leverage up to 30:1 for Canadian retail clients (pro clients higher where eligible)
- ✅Copy trading functionalities via MT4/MT5 integrations
- ✅Range of asset classes: forex, indices, stocks, commodities, crypto CFDs, ETFs
- ✅24/7 customer support and multilingual service
- ✅Free and unlimited demo account for Canadian users
- ✅Online account opening with straightforward KYC process
- ❌Not directly regulated by Canadian authorities (operates via international entities)
- ❌Smaller selection of tradable instruments (around 70+) compared to top competitors
- ❌No native proprietary copy trading platform (integrated only via MetaTrader)
- ❌No staking, lending, or crypto wallet services offered
- ❌Limited to CFD trading for cryptocurrencies (no spot crypto purchases)
- ❌Potential currency conversion fees for non-USD accounts
- ❌Monthly fee applies to Iress platform unless minimum trade volume is met
- ❌Minimum deposit ($100) is higher than some low-cost competitors
- ❌Exact inactivity/overnight fee details not transparently specified on all assets
Score- ✅Regulated by ASIC and CySEC, offering a solid security profile
- ✅Raw account spreads from 0.0 pips with low $3/lot commission
- ✅Low minimum deposit of US$100, with no deposit or withdrawal fees for most methods
- ✅MetaTrader 4 & 5 plus Iress trading platforms for powerful tools and flexibility
- ✅Comprehensive set of order types and advanced charting features
- ✅Leverage up to 30:1 for Canadian retail clients (pro clients higher where eligible)
- ✅Copy trading functionalities via MT4/MT5 integrations
- ✅Range of asset classes: forex, indices, stocks, commodities, crypto CFDs, ETFs
- ✅24/7 customer support and multilingual service
- ✅Free and unlimited demo account for Canadian users
- ✅Online account opening with straightforward KYC process
FP Markets’ Raw account offers spreads from 0.0 pips and commissions among the lowest in the industry, making it ideal for scalpers and high-frequency traders who need cost efficiency and execution speed. ➡️ Traders using MetaTrader 4 or 5 with advanced strategies
The broker supports MT4 and MT5, allowing for algorithmic trading, custom indicators, and EA integration. It also provides VPS hosting for enhanced execution performance. ➡️ Canadian traders looking for low-cost global access with trusted oversight
Though not CIRO-regulated, FP Markets is licensed by ASIC and CySEC, offering a higher degree of credibility than many offshore brokers. Its focus on transparency, direct market access (DMA), and fair pricing appeals to seasoned traders in Canada.
Why trust Hellosafe?
I took the time to open and use a real account with FP Markets, so my review reflects genuine hands-on experience, not just secondhand reports. I explored their platforms, tested trades on forex, stocks, and indices, and paid special attention to things like spreads, commissions, deposits, and how fast withdrawals were processed.
I checked if FP Markets is easy for beginners and still meets the needs of advanced traders, even comparing their tools and account types with what’s offered by other big-name brokers. I carefully engaged with customer support at different times to see how responsive and knowledgeable they are.
My perspective here is based on direct comparison and real trading—not marketing claims. By highlighting both strengths and weaknesses, I want Canadian traders to have a balanced sense of how FP Markets really performs, and whether its strong regulation, raw spreads, and trading platforms are a good fit for your specific needs.
FP Markets at a glance
| Fonctionnalité | Détail |
|---|---|
| 💰 Dépôt minimum | US$100 (Standard or Raw Account) |
| 🛡️ Régulation | ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent & Grenadines) |
| 🪙 Licence crypto | Not available (crypto CFDs only, no physical/regulated crypto) |
| 📄 Enregistrement FSMA | Not registered |
| 🌐 Actifs disponibles | 70+ (forex, commodities, indices, stocks, ETFs, crypto CFDs) |
| 📊 Plateformes de trading | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Iress |
| 🛠️ Outils de trading | Advanced charting, technical indicators, market insights, fast execution, copy trading |
| 🧪 Compte démo | Yes, free demo account |
| ☪️ Compte islamique | Yes, swap-free accounts available for Canadian residents |
| 📝 Ordres clés | Market, limit, stop, take profit, trailing stop, conditional orders |
| ⚖️ Effet de levier | Up to 30:1 (retail); up to 500:1 (pro, eligibility applies) |
| 💸 Frais | No deposit/withdrawal fees (most methods); spreads from 0.0 pips (Raw), from 1.0 pips (Standard); $3/lot commission (Raw); Iress platform fee may apply |
| 📞 Support client | 24/7 live chat, phone, email |
| ⭐ Avis Trustpilot | Not specified (please refer to Trustpilot for latest rating) |
Security & Regulation
FP Markets stands out in the international trading landscape due to its regulation by highly reputable authorities such as ASIC (Australia) and CySEC (Cyprus). Although not locally regulated in Canada, these licenses offer a strong level of operational transparency, robust compliance standards, and structured dispute mechanisms. Client funds are rigorously segregated from company assets, in line with global industry best practices, reducing the risk of commingling and operational default.
Risk management is a core focus; the broker provides negative balance protection, comprehensive order types, and two-factor authentication, helping control financial exposure in fast-moving markets. With no direct crypto custody (crypto is offered strictly as CFDs), there is no risk of on-platform wallet breaches or loss of digital assets, which adds to the platform’s reliability for Canadian users.
FP Markets has earned a solid reputation globally and benefits from positive user reviews, especially for reliability, trade execution quality, and responsive support. However, the absence of direct Canadian regulation and a relatively limited product range can be a drawback for investors strictly wanting local protection or maximum asset exposure.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | Regulated by ASIC, CySEC, and FSA; not CIRO-regulated in Canada; strong global tier-1 credentials. | 4/5 |
| Fund security | Full segregation of funds, robust internal controls; no direct crypto custody risks. | 4/5 |
| Risk management tools | Negative balance protection, comprehensive order types, 2FA available. | 5/5 |
| Notoriety and coverage | Strong global track record, generally positive reputation, responsive support. | 4/5 |
Fees, Spreads & Commissions
FP Markets offers two main account types—Standard and Raw—which provide flexibility for different trading styles and budgets. The Standard Account features commission-free trading with all costs built into the spreads, starting from 1.0 pip for major forex pairs. The Raw Account, ideal for more active traders or scalpers, provides much tighter spreads beginning at 0.0 pips, with a typical commission of $3 per lot per side ($6 round turn). In my view, this Raw account pricing places FP Markets among the most competitive global brokers, especially when compared to offshore peers accepting Canadian clients.
There are no account opening or maintenance fees, and FP Markets absorbs the majority of deposit and withdrawal costs for most payment methods. The Iress platform, used mainly for share CFDs, does have a $70 monthly fee, but this is waived if a trader meets minimum trading activity requirements. While inactivity fees are not specified, I recommend confirming this detail if you plan on holding dormant balances long-term. Currency conversion charges only arise when trading or transferring currencies not matching your account base, and these are in line with industry norms.
Stock, ETF, and index CFDs on FP Markets come with variable spreads and competitive commissions, though exact rates depend on venue and instrument. Crypto CFDs are available with floating spreads and no additional commission, but as always, fees can be wider during volatile periods or low liquidity. Compared to major direct competitors, FP Markets’ transparency and overall fee levels are highly favorable for cost-conscious traders across asset classes.
What are the account-related fees?
| Fee Type | Conditions at FP Markets | Market Average |
|---|---|---|
| Opening fee | $0 | $0 – $50 |
| Maintenance fee | $0 | $0 – $25/year |
| Withdrawal fee | $0 (most methods) | $0 – $10 |
| Inactivity fee | Not specified | $0 – $25/quarter |
| Currency conversion fee | Applies for non-USD transactions (~1–2%) | 1% – 2.5% |
Expert advice
Trader Tip: To keep trading costs as low as possible, use the Raw account for high-frequency or large-volume trading, where tight spreads and transparent commissions outweigh periodic fees found on more basic accounts. Always check live spreads during volatile sessions, and confirm if any inactivity fee applies if you do not plan to trade regularly.
What are the fees on stocks and ETFs?
FP Markets charges variable commissions on share and ETF CFDs—rates depend on the trading venue, but they are generally competitive with a global minimum often starting around $5 per online trade. Share CFD spreads are market-driven, and overnight financing is charged for leveraged positions held past market close. There are typically no custody fees for CFDs, while taxes like UK stamp duty are exempt on CFD trades.
| Fee Type | Conditions at FP Markets | Market Average |
|---|---|---|
| Commission | From $5 per trade (share CFDs), 0.08% (Iress) | $1 – $10/trade or 0.10% |
| Spread fee | Market-driven, very competitive for major stocks | Variable, 0.1%–0.5%+ |
| Overnight fee | Charged on leveraged CFD positions | Yes (CFD financing) |
| Custody fee | $0 (CFDs, no real asset custody) | $0 – $10/year (if any) |
| UK stamp duty tax | $0 (not applied to CFDs) | $0 (for CFDs), 0.5% (cash) |
What are the fees on cryptocurrencies?
Cryptocurrency trading at FP Markets is offered via CFDs. There are no direct trading commissions, but all costs are reflected within the spread, which is variable according to liquidity and market hours. Spreads are generally competitive compared to other CFD brokers, with no extra fees for custody or on-chain transfers, as physical delivery is not available.
| Fee Type | Conditions at FP Markets | Market Average (crypto CFD brokers) |
|---|---|---|
| Buy/sell fees | $0 (cost in spread) | $0–$4.99 (some direct platforms) |
| Spread fees | Variable, typically from 0.2% or $10+ per BTC | 0.2% – 1%+ (brokers/exchanges) |
| Overnight fees | Yes (for leveraged positions) | Yes |
| Custody fees | $0 (CFD only, no physical crypto) | $0 |
| Transfer fees | $0 (CFD only—not on-chain) | $0 (CFDs), varies on spot markets |
What are the fees on CFDs?
CFD trading fees at FP Markets are among the most transparent and competitive available to international clients. Raw account users pay only tight spreads plus per-lot commissions for forex and metal CFDs. Asset coverage includes forex, commodities, indices, stocks, and crypto CFDs, with overnight financing for non-intraday leverage use. Spreads on liquid forex pairs regularly start from 0.0 pips, and commissions remain below many direct competitors.
| Underlying Asset | Maximum Leverage | Spread at FP Markets | Overnight Fee | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | Up to 5:1 | From 0.1% + commission | Yes | 0.1% – 0.5% + commission |
| Gold (XAU/USD) | Up to 20:1 | From 0.13 | Yes | 0.15 – 0.30 |
| Silver (XAG/USD) | Up to 20:1 | From 0.01 | Yes | 0.02 – 0.05 |
| Oil (WTI) | Up to 10:1 | From 0.04 | Yes | 0.03 – 0.06 |
| EUR/USD | Up to 30:1 | From 0.0 (Raw) | Yes | 0.0 – 0.9 (Raw/Standard) |
| EUR/GBP | Up to 30:1 | From 0.0 (Raw) | Yes | 0.0 – 1.0 (Raw/Standard) |
| USD/JPY | Up to 30:1 | From 0.0 (Raw) | Yes | 0.0 – 1.0 (Raw/Standard) |
| GBP/USD | Up to 30:1 | From 0.0 (Raw) | Yes | 0.0 – 1.0 (Raw/Standard) |
| BEL 20 (BEL20) | Up to 10:1 | From 0.8 | Yes | 0.8 – 2.0 |
| BTC/USD (crypto CFD) | Up to 2:1 | From $10 | Yes | $10 – $50 |
Assets & Markets
FP Markets provides access to a comprehensive range of tradable asset classes geared toward active traders. I find the depth and diversity of its forex offering impressive, with more than 60 currency pairs spanning majors, minors, and some exotics. This appeals to those who value global currency market access and tight spreads, especially on Raw accounts. The inclusion of both MetaTrader 4 and 5 platforms adds flexibility for algorithmic traders and technical analysts.
The platform’s CFD selection is a particular strength. With exposure to stocks, ETFs, indices, commodities, and cryptocurrencies via CFDs, FP Markets supports broad portfolio construction as well as tactical trading strategies. Stock and ETF trading are not offered on a spot basis, but the ability to trade these underlying assets in CFD form is well-suited to those who seek leverage or short-selling potential.
When it comes to crypto, FP Markets offers a growing roster of CFD cryptocurrencies, including top coins and selected altcoins. While there is no direct spot trading, staking, or lending for digital assets, the CFD route covers both volatility trading and hedging. The range of CFDs extends across key indices (such as S&P 500 and DAX), metals like gold and silver, and major energy markets—giving traders ample macro exposure.
One limitation is the absence of spot bonds, stablecoins, and NFTs. Bond market access is entirely missing, and if you’re seeking exposure to real assets or longer-term holds, FP Markets may not be your main account. Despite that, for accessible leverage, low minimum deposits, and a wide multi-asset CFD environment, the broker stands out, particularly for those who supplement traditional investing elsewhere.
| Asset Class | Type | Number at FP Markets | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | CFD | 2,000+ | 2,000+ (CFD avg.) | AAPL, TSLA, RY, BHP, HSBC |
| ETFs | CFD | 50+ | 150+ (CFD avg.) | SPY, QQQ, VWO, IVV, EFA |
| Cryptocurrencies | CFD | 10+ | 30+ (crypto CFD avg.) | BTC/USD, ETH/USD, LTC/USD, XRP/USD |
| Currencies | Spot & CFD (forex) | 60+ pairs | 60+ (major avg.) | EUR/USD, USD/CAD, GBP/JPY, AUD/USD |
| Commodities | CFD | 8+ | 10+ (CFD avg.) | XAU/USD, XAG/USD, CL-OIL, NGAS |
| Indices | CFD | 10+ | 15+ (major brokers) | US500, DAX30, FTSE100, JPN225, AUS200 |
| Bonds | Not available | 0 | 20+ (full-service avg.) | — |
| Stablecoins | Not available | 0 | 5–10 (crypto avg.) | — |
| NFTs | Not available | 0 | 2–5 (crypto avg.) | — |
| Other derivatives | Not specified/Not available | 0 | 20+ (major CFD brokers) | — |
Trading Tools & Apps
FP Markets stands out for its multi-platform flexibility, offering MetaTrader 4, MetaTrader 5, and the powerful Iress platform for share trading. The MetaTrader suite, accessible on desktop, web, and mobile, is ideal for forex and CFD traders who demand deep functionality, rapid execution, and a wide toolkit for technical analysis. The interface can feel technical, but is customizable and efficient for active trading and scalping strategies. I appreciate that both platforms offer fast trade placement, robust risk management tools, and seamless integration with expert advisors (EAs).
The mobile experience on MetaTrader is polished—order entry, chart analysis, and watchlist management are fluid and responsive, even on smaller screens. For those preferring browser-based trading, the platforms maintain a consistent UX standard without sacrificing the analytical and order management features expected by serious traders. However, the Iress platform is most advantageous for active equity and stock CFD traders, supporting direct market access, depth-of-market data, and more sophisticated order routing.
Charting capabilities are advanced across all platforms. MetaTrader delivers comprehensive technical indicator libraries, custom scripting for automated strategies, and multi-chart layouts. Iress users benefit from deep historical data and advanced stock analytics, supporting both day trading and more structured, long-term investment approaches. For automation, flexibility is a highlight: copy trading via MetaTrader is directly accessible, EAs can be deployed for hands-off strategies, and algorithmic trading is limited only by user skill.
Limitations are notable for asset diversity—while major asset classes like forex, commodities, indices, and select stocks and ETFs are well-covered, the platform does not offer crypto staking or spot asset purchase (all shares and ETFs are CFDs unless otherwise specified). There is also no built-in API for advanced third-party integrations, which some algorithmic traders may miss. Overall, FP Markets provides a secure, high-speed, and expert-level trading environment, suited to detail-oriented traders and those committed to strategic automation.
| Feature | Verified Details |
|---|---|
| Mobile app | MT4, MT5 for iOS/Android; Iress Mobile; no crypto wallet |
| Usability | Customizable, technical interfaces; fluid on mobile, advanced on desktop/web |
| Compatible software | MetaTrader 4, MetaTrader 5, Iress platform; no TradingView, no API |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, conditional (OCO not explicit) |
| Charting and technical analysis | 30+ technical indicators, custom scripting, advanced analytics (Iress) |
| Auto trading / Automated strategies | EAs (MetaTrader), copy trading, systematic models supported |
| Algorithmic trading | Fully supported on MetaTrader and Iress via scripts and bot deployment |
| Negative balance protection | Yes (applies to CFD/Forex accounts) |
| Trading signals | MetaTrader Signals; platform market insights; no direct TradingView integration |
| Asset search and filters | Multi-asset filters, advanced stock screeners in Iress |
| Spot stock purchase | Not available (shares and ETFs as CFDs via MetaTrader/Iress) |
| Staking and earn | Not available |
Expert advice
Trader Tip: Take full advantage of the FP Markets demo account to explore both MetaTrader and Iress platforms. Testing strategies, automation, and order handling in simulated conditions is essential for mastering interface nuances and optimizing your trading workflow.
Account Opening and Deposits
Account opening
Opening an account with FP Markets is a straightforward digital process. As a new client in Canada, you’ll start by filling out an online registration form, where you’ll enter your personal details and select your preferred account type (Standard or Raw). The platform will require identity verification, so you’ll need to upload a government-issued photo ID (such as a passport, driver’s license, or national ID), as well as a proof of address document (utility bill or bank statement). You’ll also be prompted to complete a regulatory suitability questionnaire designed to assess your trading experience and financial background. After submitting your documents, FP Markets typically reviews and validates applications within one business day. Once your account is approved, you’ll be notified by email and can then fund your new trading account.
Good to know
Ensure the photos or scans of your KYC documents are sharp and clearly legible. Blurry or cropped images are a common cause of processing delays in the validation phase.
| Item | Details |
|---|---|
| Opening procedure | Online registration, personal details, document upload, regulatory questionnaire |
| Validation time | Usually 1 business day |
| Accepted deposit methods | Credit/debit card, bank transfer, e-wallets, cryptocurrencies, broker transfer |
| Minimum required deposit | US$100 |
| Required documents | Government-issued ID, proof of address |
| Practical tip | Prepare digital copies of your documents in advance for a smoother application |
Deposits and withdrawals on FP Markets
FP Markets provides Canadian traders with a variety of deposit and withdrawal options, including credit and debit cards (Visa, Mastercard), bank wire transfers, popular e-wallets (like Neteller and Skrill), and select cryptocurrencies. Deposits are generally processed instantly or within one business day, depending on the method. Withdrawals are also handled efficiently—internally processed within one business day, though the time taken for funds to reach your account may vary depending on the financial institution and method chosen. FP Markets does not charge deposit or withdrawal fees on most methods, but intermediaries or banks may add charges, especially for international bank wires or currency conversion. The platform does not offer a dedicated integrated wallet or fiat-to-crypto conversion for holding digital assets—crypto is supported as both a deposit and a CFD asset, not as a storage solution.
Good to know
Double-check the base currency of your account before making deposits. Using the same currency for both your funding method and your account avoids unnecessary conversion fees.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | USD, CAD, others* | US$100 | Instant to 1 business day | No FP Markets fee; card provider charges may apply |
| Bank transfer | USD, CAD, others* | US$100 | 1–3 business days | No FP Markets fee; intermediary bank fees possible |
| E-wallets | USD, CAD, others* | US$100 | Instant to a few hours | No FP Markets fee |
| Stablecoins or cryptos | Supported major types | US$100 | Instant to a few hours | No FP Markets fee; blockchain fees may apply |
| Other local options | Broker-to-broker | US$100 | 1–2 business days | No FP Markets fee |
Account Types
FP Markets is a global CFD and Forex broker with strong regulatory credentials (ASIC, CySEC) and a wide selection of account types to suit both new and experienced traders. Canadian residents can access both Standard and Raw ECN accounts, as well as an Islamic swap-free account for Sharia-compliant trading. FP Markets notably supports demo trading for unlimited practice with virtual capital, and offers margin and leverage suitable for most trading strategies. Advanced traders can apply for professional status for higher leverage, although eligibility criteria apply. Crypto and staking-specific accounts are not provided, and tax-advantaged or classic securities-only accounts are not part of the broker’s product suite. Base currencies are flexible, including CAD, USD, EUR, and others for both trading and funding accounts.
| Account Type | Available | Main Features |
|---|---|---|
| Demo account | ✅ | Unlimited virtual trading, real platform experience |
| Standard account | ✅ | US$100 minimum deposit, spreads from 1.0 pips, no commission |
| Raw ECN account | ✅ | US$100 minimum deposit, spreads from 0.0 pips, US$3/lot commission |
| Islamic account | ✅ | Swap-free, Sharia-compliant (on request) |
| Professional account | ✅ | Higher leverage (up to 500:1, eligibility criteria apply) |
| CFD account | ✅ | Forex, indices, shares, commodities, ETFs, crypto CFDs |
| Classic securities account | ❌ | Not available; no classic cash-only equity investing |
| Staking/earn account | ❌ | Not available; no crypto staking or yield feature |
| Cold storage account | ❌ | Not available; no crypto wallet or cold storage |
| Tax-advantaged account | ❌ | Not available; no TFSA/RRSP, etc. |
| Accepted base currencies | CAD, USD, EUR, AUD, GBP, and more | Wide range for both trading and funding accounts |
Expert advice
Tip: Active traders often benefit from the Raw ECN account thanks to its ultra-tight spreads—just be sure to consider the per-lot commission when calculating total trading costs. If faith-based investing is important, request the swap-free Islamic account. Always use a demo account first to get comfortable with the FP Markets platform and risk settings.
How does FP Markets compare to competitors?
| FP Markets | Axi | FBS | Eightcap | |
|---|---|---|---|---|
| Minimum deposit | $100 USD | $5 USD | $1.05 USD | $100 USD |
| Number of instruments | 70+ | 450+ | 100+ | 800+ |
| Spreads (example pairs/assets) | Raw: from 0.0 pips + $3/lot (EUR/USD, GBP/USD, Gold). Standard: from 1.0 pips. | Pro: from 0.0 pips + $3.50/lot (EUR/USD, USD/JPY). Standard: from 0.4 pips. | Standard: from 0.7 pips (EUR/USD, Gold); Zero spread account available. | Raw: from 0.0 pips + $3.50/side (EUR/USD, GBP/USD, Gold, S&P 500) |
| Trading platforms | MT4, MT5, Iress | MT4, Axi Copy Trading App | MT4, MT5, FBS Trader | MT4, MT5, TradingView |
| Regulation | ASIC, CySEC, FSA (Offshore for CA) | Financial Commission (Offshore for CA) | CySEC (Offshore for CA) | SCB (Offshore for CA) |
| Demo account | ✅ | ✅ (30-day limit) | ✅ | ✅ |
| Copy trading | ✅ | ✅ | ✅ | ✅ |
| Read the review | Read the review Axi | Read the review FBS | Read the review Eightcap |
Customer reviews
FP Markets holds a Trustpilot score of 4.3/5 based on over 3,500 reviews. The overall sentiment among users is generally positive, emphasizing both the quality of trading services and customer support offered by the platform.
Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Easy and straightforward account opening process
- Responsive and knowledgeable customer support
- Fast execution speeds and reliable trade order processing
- Competitive spreads, especially for Raw and Standard accounts
- Wide range of account types, including Islamic (swap-free)
- Good range of deposit/withdrawal options
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Occasional difficulties withdrawing funds or delays in processing withdrawals
- Platform technical issues, particularly with the web version or during high-volatility periods
- Limited variety of tradable instruments compared to some top rivals
- Higher minimum deposit than certain entry-level brokers
- Complex commission structure for new traders
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
- M.L. – 23/06/2024 : “The account setup was quick and support helped me with the verification instantly. Spreads are great and I haven’t had slippage issues.”
- B.R. – 07/05/2024 : “I enjoy using both MT4 and MT5 with FP Markets, but I would appreciate a bigger asset selection. Withdrawals can take a couple days but always arrive.”
- A.N. – 14/02/2024 : “Their customer service is second to none and resolved my issue in under an hour. I recommend them to anyone wanting a hassle-free trading experience.”
FAQ
Is FP Markets regulated in CA?
FP Markets is not directly regulated by Canadian authorities. It is licensed by top-tier regulators such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Canadian residents can open accounts under FP Markets’ international entities, but the broker does not have Canadian regulation.
What is the minimum deposit on FP Markets?
The minimum deposit to open a standard or raw account with FP Markets is US$100. This applies to most available funding methods, including bank transfer, credit or debit card, and e-wallets. Lower minimums are not offered for other account types.
Does FP Markets offer a welcome bonus?
FP Markets does not consistently offer a welcome bonus for new Canadian clients. Occasionally, there may be time-limited promotions or cash bonuses, but these are not guaranteed and may change at any time. It’s advisable to check their website for current offers.
How does leverage work on FP Markets?
Retail traders with FP Markets in Canada can access leverage up to 30:1. Higher leverage, up to 500:1, is available for experienced or professional traders who meet additional eligibility criteria. Leverage magnifies both potential profits and risks, and is regulated based on your country of residence.
How does FP Markets make money?
FP Markets makes money through trading commissions and spreads. For Raw accounts, spreads start from 0.0 pips and a commission is charged per lot. For Standard accounts, commissions are built into slightly wider spreads. The broker may also earn through overnight swap charges and platform or inactivity fees.
Who is behind FP Markets?
FP Markets is an established Australian-based brokerage founded in 2005. The company is owned and operated by First Prudential Markets Pty Ltd, which oversees its operations globally, including international entities serving Canadian clients.
When was FP Markets launched?
FP Markets was launched in 2005 in Sydney, Australia. Since then, it has expanded its global presence, offering online forex, CFD, and share trading to clients worldwide, including those residing in Canada.
Does FP Markets offer copy trading or social trading?
Yes, FP Markets provides copy trading through its integrations with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Clients can follow and automatically copy the trades of experienced strategy providers for a fee, but there are no direct social trading networks or PAMM accounts.
How can I contact FP Markets’s customer service?
FP Markets offers support via live chat, phone, and email. Customer service is available 24 hours a day, five days a week, with multilingual support for Canadian users. Contact details are available on the FP Markets website.
Does FP Markets offer any promotions or referral programs?
FP Markets may run referral or promotional programs from time to time, such as bonuses or trading contests. These offers are not always ongoing and may be subject to terms and conditions. For up-to-date information, consult the FP Markets promotions page or contact support.
Is FP Markets regulated in CA?
FP Markets is not directly regulated by Canadian authorities. It is licensed by top-tier regulators such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Canadian residents can open accounts under FP Markets’ international entities, but the broker does not have Canadian regulation.
What is the minimum deposit on FP Markets?
The minimum deposit to open a standard or raw account with FP Markets is US$100. This applies to most available funding methods, including bank transfer, credit or debit card, and e-wallets. Lower minimums are not offered for other account types.
Does FP Markets offer a welcome bonus?
FP Markets does not consistently offer a welcome bonus for new Canadian clients. Occasionally, there may be time-limited promotions or cash bonuses, but these are not guaranteed and may change at any time. It’s advisable to check their website for current offers.
How does leverage work on FP Markets?
Retail traders with FP Markets in Canada can access leverage up to 30:1. Higher leverage, up to 500:1, is available for experienced or professional traders who meet additional eligibility criteria. Leverage magnifies both potential profits and risks, and is regulated based on your country of residence.
How does FP Markets make money?
FP Markets makes money through trading commissions and spreads. For Raw accounts, spreads start from 0.0 pips and a commission is charged per lot. For Standard accounts, commissions are built into slightly wider spreads. The broker may also earn through overnight swap charges and platform or inactivity fees.
Who is behind FP Markets?
FP Markets is an established Australian-based brokerage founded in 2005. The company is owned and operated by First Prudential Markets Pty Ltd, which oversees its operations globally, including international entities serving Canadian clients.
When was FP Markets launched?
FP Markets was launched in 2005 in Sydney, Australia. Since then, it has expanded its global presence, offering online forex, CFD, and share trading to clients worldwide, including those residing in Canada.
Does FP Markets offer copy trading or social trading?
Yes, FP Markets provides copy trading through its integrations with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Clients can follow and automatically copy the trades of experienced strategy providers for a fee, but there are no direct social trading networks or PAMM accounts.
How can I contact FP Markets’s customer service?
FP Markets offers support via live chat, phone, and email. Customer service is available 24 hours a day, five days a week, with multilingual support for Canadian users. Contact details are available on the FP Markets website.
Does FP Markets offer any promotions or referral programs?
FP Markets may run referral or promotional programs from time to time, such as bonuses or trading contests. These offers are not always ongoing and may be subject to terms and conditions. For up-to-date information, consult the FP Markets promotions page or contact support.
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