Why choose FP Markets
FP Markets is an Australian CFD and forex broker regulated by the top-tier Australian regulator ASIC.
FP Markets offers low forex fees. You can be up and running quickly as both account opening and deposits are super easy and fast. There are several excellent educational tools, such as demo accounts and e-books.
The product lineup at FP Markets is limited to forex, CFDs and cryptocurrencies. MetaTrader 4's web and desktop trading platforms have an outdated design. The quality of research tools is uneven, especially when it comes to fundamental data, news or charting.
BrokerChooser gave FP Markets a 4.3/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Low forex fees
- Easy and fast account opening and funding
- Great education tools
Explore the key metrics of FP Markets
73.85% of retail CFD accounts lose money
Not sure if this is the right broker for you? See the best ones.
See how the best brokers in the United States compare to FP Markets
Fees
- Low trading fees
- Low non-trading fees
- Low forex fees
We compared FP Markets's fees with two similar brokers we selected, IC Markets and Pepperstone. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of FP Markets alternatives.
Low FX fees
FP Markets charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.1.
Broker | EURUSD spread | FX commission per lot |
---|---|---|
FP Markets | 0.1 | $3.00 commission per lot per trade |
IC Markets | 0.0 | $3.50 commission per lot per trade |
Pepperstone | 0.1 | $3.50 commission per lot per trade |
Low index CFD fees
All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.5.
Broker | S&P 500 CFD spread |
---|---|
FP Markets | 0.5 |
IC Markets | 0.2 |
Pepperstone | 0.4 |
High stock CFD fees
The commission for stock CFD trading is the following: $0.02 per share, min $15.
Broker | Apple CFD |
---|---|
FP Markets | $15.1 |
IC Markets | $0.3 |
Pepperstone | $0.7 |
No inactivity fee, no withdrawal fee
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
FP Markets | $0 | |
IC Markets | $0 | |
Pepperstone | $0 |
FP Markets doesn't charge an inactivity fee or account fees, except for the IRESS Trader platform. Here, a monthly fee of AUD 55 is charged, unless you generate at least AUD 200 in monthly commissions or hold a balance of AUD 50,000.
FP Markets charges no withdrawal fees if you use domestic bank transfer or credit cards, but an AUD 10 fee is levied on international withdrawals.
Safety
- Negative balance protection under CySEC
- €20,000 investor protection under CySEC
Deposit and withdrawal
- Credit/Debit card available
- No deposit fee
- Several account base currencies
Account opening
- Fast
- Fully digital
- Low minimum deposit for forex accounts
Mobile app
- User-friendly
- Good search function
- Price alerts
Desktop platform
- Clear fee report
- Good customizability (for charts, workspace)
- Price alerts