FP Markets review
FP Markets is a long-running Australian ECN broker with extensive markets, competitive raw pricing, and strong ASIC regulation.
Best for
Traders wanting broad market access from a long-running Australian broker
At a glance
| Platforms | MT4, MT5, IRESS, cTrader |
|---|---|
| Min deposit | No minimum |
| Max leverage | 1:500 |
| Standard spread | 1.0 pips |
| Raw spread | 0.0 pips + $3/lot commission |
| Swap-free | Yes |
| EA friendly | Yes |
Pros
- Regulated ASIC/CySEC/FSCA
- 500+ instruments
- Raw ECN spreads, 1:500 leverage
- Long track record since 2005
Cons
- Platform breadth comes with a learning curve
- Not the absolute cheapest commission
EA trading notes
FP Markets supports EAs on MT4/MT5. The Raw account is the right choice for volume. Multi-asset access (stocks, indices, commodities) makes it a good all-rounder for a diversified EA portfolio.
Verdict
A solid, well-regulated all-rounder with broad market access. Slightly above cost-leaders on commissions, but dependable and versatile.
Highlights
- Well-regulated Australian broker
- Broad product access across 500+ instruments
- Raw ECN spreads available