FP Markets Review 2026: The main questions are straightforward: which company holds your account, what does trading cost, and what happens if a withdrawal is disputed? This review brings together the supplied licence details, published account costs and public complaints. We separate trader allegations from established findings and flag information that needs confirmation.
FP Markets has been in business since 2005 and operates an ASIC-licensed company in Australia. Its published Raw account pricing is competitive. The main caution is the offshore setup: an Australian licence does not automatically protect clients of another group company. Several complaints discussed below concern cancelled profits on offshore accounts. Our rating remains 71/100, Recommended.
The Bangladesh, withdrawal and FP Trading sections explain the issues to check before opening an account. This is a source-based review, not a report of our own live-account experience.
FP Markets Review: Regulation, Withdrawals, Complaints and FWE Rating
| Broker | FP Markets (First Prudential Markets) |
| FWE Rating | 71/100 |
| FWE Status | Recommended |
| Review Type | Forex and CFD Broker |
| Founded | 2005, Sydney, Australia |
| Regulators Listed | ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), CMA (Kenya), FSA (Seychelles), FSC (Mauritius) |
| Minimum Deposit | Sources disagree, from $0 to $100. Plan on about $100 |
| Maximum Leverage | Up to 1:500 offshore, 1:30 for Australian and EU retail clients |
| Platforms | MT4, MT5, cTrader, TradingView, WebTrader, FP Markets app, Iress (Australia) |
| Main Concerns | Offshore account protections, reported profit cancellations under the abusive trading clause, limited public complaint responses in the supplied sources |
| Bangladesh Clients | Not on the supplied restricted list. Seychelles is the likely entity, subject to confirmation |
| Last Reviewed | November 2026 |
What Is FP Markets?
FP Markets began in Sydney in 2005 as First Prudential Markets. Its Australian company holds an ASIC licence. The published product range includes forex, gold, oil, indices, shares, ETFs and crypto CFDs, with the broker advertising more than 10,000 instruments. The supplied sources attribute most of that range to shares on Iress, listed here as available to Australian clients only. MetaTrader offers a smaller selection of a few hundred symbols.
The group also operates through companies outside Australia. Before depositing, check the legal entity named in your agreement. A familiar brand name does not mean every client receives the same regulatory protection.
FP Markets Account Types, Trading Rules and Fees
The supplied account information lists Standard and Raw accounts for MetaTrader and cTrader. It lists no cent account or fixed-spread account. Platform availability and terms should be confirmed for your entity.
| Account | Spread From | Commission | EUR/USD in Supplied Review Data |
|---|---|---|---|
| Standard | 1.0 pips | None | 1.2 to 1.3 pips |
| Raw | 0.0 pips | $3 per side per lot ($6 round turn) | 0.2 to 0.3 pips plus commission |
| Iress (Australia only) | Share trading | Platform and share fees | Not for forex |
For FP Markets spreads and fees, compare the total cost rather than the headline spread. At about 0.3 pips plus $6 a lot, the stated EUR/USD cost is around 0.9 pips. That is below the Standard account’s reported spread of about 1.3 pips. Raw is worth considering if you trade frequently, though actual spreads vary.
The FP Markets minimum deposit is less clear. FXEmpire and ForexBrokers.com list no minimum, BestBrokers lists AU$100 (about $50), and CompareForexBrokers lists $100 for the Seychelles company. The original review reported that the broker’s account page would not load. Budget for $100, but confirm both the account requirement and your payment method’s minimum in the client portal.
Published leverage reaches 1:500 offshore, 1:400 or 1:500 at the South African company, with FXEmpire listing both, and 1:30 for retail clients in Australia and the EU. The supplied sources list swap-free Islamic accounts outside Australia and report no inactivity fee. They also list share charges of $0.02 per share on both accounts. FXEmpire describes overnight swaps on EUR/USD, gold and indices as relatively expensive, so check current swap rates if you hold positions for days.
Open an FP Markets account
Reviewed the account costs and entity risks? You can open an FP Markets account through our partner link. Confirm the terms before funding. FWE may earn a commission from this link at no extra cost to you.
FP Markets for Bangladesh Traders: Which Entity Applies?
For someone trading from Dhaka, the key issue is not simply whether the group has an Australian licence. It is whether the account is held by the Australian licensed company. ASIC oversight of that company does not extend automatically to a Seychelles account.
Bangladesh does not appear on the supplied FP Markets restricted list. That list includes the United States, Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russia, Somalia, Syria, Sudan, Yemen and sanctioned countries; review sites also add Japan and New Zealand. Absence from a restricted list does not guarantee acceptance or establish that funding is lawful locally. Confirm eligibility and the contracting entity, likely First Prudential Markets Limited in Seychelles, before proceeding.
FP Markets Withdrawal Time, Methods and Problems
Published funding information describes deposits and withdrawals as generally free of broker charges, subject to exceptions. Review sites list e-wallets, cards, bank wire, PayPal in some regions, Apple Pay, Google Pay and crypto through payment partners. BestBrokers reports processing of about one business day for most withdrawals. Cards can take 2 to 10 business days and bank wires 2 to 7. The supplied information lists an AU$10 charge for international bank wires from the Australian company, while some payment providers may charge separately.
Public complaints describe a different experience in disputed cases. Posts on Forex Peace Army, BabyPips and Trustpilot allege that withdrawals were delayed or accounts paused before profits were cancelled under abusive trading provisions. These reports do not establish how often this happens. The supplied Trustpilot notes include a review dated 4 September 2026 alleging a wait of more than a month, and a UK review dated 12 October alleging that a withdrawal had remained pending for months. The original review recorded no visible FP Markets reply to either post.
Sources: Forex Peace Army FP Markets complaint threads and FP Markets reviews on Trustpilot.
Case Study: Trader Alleges FP Markets Seychelles Reversed Over SGD 9,000
In a Forex Peace Army post dated 5 August 2026, a Singapore trader alleged that FP Markets Seychelles reversed funds already paid into his bank account. He said more than SGD 9,000 was taken back between 25 and 31 July. According to his account, FP Markets described the payments as amounts that should have been debits rather than credits. He disputed that explanation and calculated that a further SGD 3,000 remained due.
The trader said his bank had found no error on its side. The original review recorded no FP Markets response in the thread. In his last message on 8 August, he said he intended to move to a Singapore-regulated provider. Without the account statements, payment records and broker’s response, we cannot determine whether this was a payment error or a wrongful reversal.
Source: Forex Peace Army SGD 9,000 reversal thread.
Case Study: Trader Reports EUR 64,000 in Back-Charged Swaps After Offshore Transfer
Another trader said he joined FP Markets in October 2023 and was moved by European staff to the St Vincent company to obtain a swap-free account. He alleged that the account was paused in November 2024 over trading patterns the broker considered abnormal. According to his post, FP Markets cited clause 25.2(g), cancelled profits and retrospectively charged EUR 38,770.67 on one account and EUR 25,457.04 on another.
He said most positions were held for days rather than minutes, and alleged that FP Markets later offered EUR 1,000 as a confidential settlement. The supplied review recorded no broker reply in the thread and no update after April 2025. These allegations are not independently established. They are a reason to check swap-free conditions carefully, including any right to apply charges retrospectively. A St Vincent company registration is not a broker licence.
Source: Forex Peace Army swap-free profit cancellation thread.
Case Study: Abusive Trading Email and Cancelled Profit
On BabyPips, a trader using the St Vincent company alleged that about $2,600 in profit was cancelled after a withdrawal request. He posted what he described as the termination email, which referred to abusive trading and clauses 25.1(o) and 25.2(g). He said it did not identify the trades concerned. An earlier thread described a $4,600 withdrawal request followed by the return of only $2,000 and account closure.
The practical issue is how the agreement defines prohibited trading and what evidence supports any cancellation. If you trade news, rollover or swap-free strategies, read those terms before funding. The supplied review gives no dates for these posts and records no FP Markets forum response, so the allegations remain unverified.
Source: BabyPips FP Markets abusive trading complaint.
Positive FP Markets Reviews: What Traders Praise
The supplied November 2026 review records a 4.8 TrustScore on Trustpilot from more than 10,000 reviews, with 94% five-star. These figures are retained from that review and were not independently refreshed for this edit. Its summary of recent feedback highlights helpful live chat staff and prompt assistance. FXEmpire, BestBrokers and ForexBrokers.com give ratings of 4.4 to 4.6 out of 5, and FXEmpire reports a Raw EUR/USD spread of 0.2 pips in its own live test.
The supplied notes also describe FP Markets as inviting customer reviews and using a paid Trustpilot subscription. Neither point proves that reviews are unreliable. Still, feedback about a helpful support chat does not establish how a broker handles a substantial withdrawal dispute.
How Does FP Markets Respond to Complaints?
The supplied Trustpilot snapshot records replies to 22% of negative reviews, usually within a month. The original review found no FP Markets replies in the Forex Peace Army complaint threads it could access. It identified the last visible public answers there as dating to 2020, when the broker attributed gold positions closing at rollover to low liquidity. These observations concern public replies, not all private complaint handling.
There are reports of resolutions too. A trader who opened a Forex Peace Army thread in June 2024 about $11,432 in cancelled profit later reported a successful resolution, while saying the terms were confidential at the company’s request. That indicates an outcome was reached, but the public thread does not explain the settlement or establish what caused the dispute.
FP Markets Withdrawal Rules: Payment Ownership and Account Reviews
The original review could not access the FP Markets funding page or client agreement. Its account of profit-cancellation powers therefore relies on a termination email posted by a trader, referring to clauses 25.1(o) and 25.2(g), rather than an independently checked current agreement. Another trader alleged retrospective swaps on a swap-free account. Confirm the applicable terms directly. Brokers commonly require payments in the account holder’s name and may return deposits to the original method first, but do not assume those are the exact rules for your FP Markets account.
Verification can also delay access. The supplied Trustpilot notes include an Italian review dated 26 October 2026 alleging an account freeze because the recorded nationality did not match the ID. Check that your personal details and documents agree before depositing. A small early test withdrawal can help you understand the process, though it cannot guarantee later withdrawals.
FP Markets Regulation: ASIC, CySEC, FSCA and Offshore Entities
The supplied sources list several FP Markets companies. The licence relevant to you is the one held by the company named in your agreement:
- First Prudential Markets Pty Ltd, Australia, ASIC AFS licence 286354, for Australian clients
- First Prudential Markets Ltd, Cyprus, CySEC licence 371/18, for EU clients
- FP Markets (Pty) Ltd, South Africa, FSCA FSP 50926
- FP Markets Limited, Kenya, CMA non-dealing forex broker licence since December 2023 (licence 103 per Wikipedia, while FXEmpire lists 193)
- First Prudential Markets Limited, Seychelles, FSA licence SD130, for most global clients
- FP Markets Ltd, Mauritius, FSC licence GB21026264
- FP Markets MENA Securities L.L.C. S.O.C., UAE, CMA Category 5 licence from September 2026, described as permitting marketing and client introductions only, not trading
- First Prudential Markets LLC, St Vincent and the Grenadines, company registration 126 LLC 2019. This is a registration, not a broker licence
There are unresolved differences between the supplied sources. The original review says the fpmarkets.com footer named the ASIC, FSCA and Seychelles companies, plus a Saint Lucia website operator, FP Markets Ltd, with registration 2025-00853. The CySEC, Kenya and Mauritius details came from review sites and older FP Markets material. FXEmpire reportedly described the Mauritius company as unregulated in one table and FSC-licensed in another. Confirm the legal name and licence on the relevant regulator’s register before funding.
FP Markets Regulator Actions: CySEC Settlement and ASIC Undertaking
The supplied regulatory report states that, in February 2026, CySEC announced a EUR 100,000 settlement with First Prudential Markets Ltd, the Cyprus company behind fpmarkets.eu. It concerned possible breaches of EU retail CFD restrictions between March 2022 and August 2025. A settlement should not be described as a court finding or, by itself, proof of the alleged breaches.
In December 2014, ASIC accepted an enforceable undertaking from First Prudential Markets Pty Ltd. ASIC raised concerns about its 2013 processes for identifying potentially manipulative client trading. The undertaking included appointing an independent compliance expert and addressing identified shortcomings.
Sources: ASIC media release 14-345MR and report on the CySEC EUR 100,000 settlement.
Accounts with the Australian company fall under ASIC client-money requirements. Eligible clients of the Cyprus company may receive investor compensation fund coverage up to EUR 20,000, subject to its rules. A Seychelles account does not receive those Australian or Cyprus protections. For a Bangladeshi trader, the group’s ASIC licence is not a substitute for checking the offshore agreement.
The supplied sources identify no FCA licence for FP Markets. They list a CMA-regulated company in Kenya, although the conflicting licence numbers above need checking.
FP Markets vs FP Trading: Are They the Same Company?
A Forex Peace Army thread from April 2026 raises this question. The supplied review describes FP Trading (fptrading.com) as operating outside the European regulatory framework. It records FP Trading LLC in St Vincent under registration number 126 LLC 2019, the same number that review sites attribute to FP Markets’ St Vincent company. It also lists FP Trading companies in Saint Lucia, South Africa (FSCA 52858), Mauritius (FSC GB26205878) and the UAE.
The original review found no explanation of the relationship on either website and could not open the Forex Peace Army thread. The matching registration number is worth questioning, but it does not establish the full relationship between the brands. If you are offered FP Trading when you expected FP Markets, ask for the contracting company’s name and licence in writing.
FP Markets Reviews and Complaints: Trustpilot, Reddit and Forex Peace Army
The supplied FP Markets Trustpilot snapshot records 4.8 out of 5 from more than 10,000 reviews, with 3% one-star and no platform warning. It also records withdrawal delays, execution errors and verification difficulties in Trustpilot’s automated summary. Those figures and observations are retained from the November 2026 review, not a fresh check in this editing pass.
The supplied Forex Peace Army data shows 3.4 out of 5 from 48 reviews, all from 2020, and a platform note about a spam incident involving accounts posting for FP Markets in early 2020. It also describes about a dozen complaint threads since 2022, with two marked resolved. These are different samples, not directly comparable measures of all clients. Reddit could not be accessed during the original review, so no Reddit findings are included.
Sources: FP Markets Trustpilot page and Forex Peace Army FP Markets reviews.
FP Markets Review Bangladesh: Entity, Payments and Local Reports
The supplied sources suggest that Bangladeshi applicants are likely to be assigned to Seychelles, with leverage up to 1:500 and no compensation fund identified in this review. Confirm that assignment rather than assuming it. The original review found no Bangladesh-specific complaint on the sites it checked, but that absence is not evidence that local clients face no problems.
bKash, Nagad and local bank transfer were not confirmed. CompareForexBrokers lists Asia-only options including Xpay, AstroPay and MoneyTix Wallet, plus crypto funding through payment partners. Availability must be checked in your portal. Bangladesh’s foreign exchange rules also matter: broker acceptance does not establish permission to send funds abroad. Check the rules before funding, and test the withdrawal process before committing more money.
FP Markets Pros and Cons
Positive Points
- In business since 2005, with an ASIC-licensed Australian company
- Supplied sources list licences in Cyprus, South Africa, Kenya, Seychelles and Mauritius, subject to the discrepancies noted above
- Published Raw pricing from 0.0 pips with $3 commission per side
- MT4, MT5, cTrader, TradingView and a web platform, subject to entity availability
- No deposit, withdrawal or inactivity fees reported for most methods, with exceptions
- Supplied Trustpilot score of 4.8 from more than 10,000 reviews
- Reported 24/7 live chat, frequently praised in the supplied customer feedback
Main Concerns
- Many clients outside Australia and the EU may be assigned to Seychelles without a compensation fund
- Public allegations of profit cancellations under broadly worded abusive trading provisions on offshore accounts
- A 2026 allegation that SGD 9,000 was reversed from a trader’s bank account, with no resolution recorded in the supplied review
- Supplied data records replies to 22% of negative Trustpilot reviews and none in the recent Forex Peace Army threads reviewed
- Reported EUR 100,000 CySEC settlement in 2026 concerning EU CFD restrictions
- Entity information needs clarification, including the Saint Lucia operator, St Vincent company and FP Trading registration overlap
- Standard account pricing is higher than the Raw example shown above
- One trader alleges EUR 64,000 in retrospective swap charges on swap-free accounts
FP Markets FWE Broker Rating: 71/100
FWE rates brokers out of 100 across the same seven categories. The rating below is retained unchanged. It is an editorial assessment of the supplied evidence, not a regulatory verdict or a guarantee about an individual account.
| Rating Category | Score |
|---|---|
| Regulation & Fund Safety | 17/25 |
| Withdrawals & Payments | 13/20 |
| Reputation & Customer Feedback | 10/15 |
| Trading Conditions | 13/15 |
| Transparency | 6/10 |
| Customer Support | 7/10 |
| Track Record | 5/5 |
| Total FWE Rating | 71/100 |
Is FP Markets Legit or a Scam?
The supplied licensing and operating history support treating FP Markets as an established broker group, not labelling it a scam. Its Australian company has operated under ASIC oversight for close to two decades. The reported EUR 100,000 CySEC settlement in 2026 and ASIC undertaking in 2014 concern regulatory compliance; they do not, by themselves, establish theft of client money.
That does not make every account equally protected. A Bangladeshi applicant should confirm the likely Seychelles entity and read its agreement, particularly the provisions governing prohibited trading and profit adjustments. There is not enough evidence here to claim that any particular trading style guarantees trouble-free withdrawals.
FP Markets vs Other Brokers
If you are comparing FP Markets with Pepperstone, IC Markets, Exness or Vantage, start with the entity available in your country, then compare total trading costs and withdrawal terms. This article is not a head-to-head test. Our reviews of IC Markets, Vantage and Tickmill provide further context on licences, complaints and FWE ratings.
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Browse the full Broker and Prop Firm Reviews section for other firms covered by FWE.
How to Read This Independent FP Markets Review
This English-language review covers the broker group, with separate guidance for Bangladesh. FWE did not open a live account or test execution for this article. Trading figures are attributed to published sources, and complaint accounts remain allegations. This editing pass did not independently refresh the underlying research.
FWE Final Assessment
FP Markets offers an established operating history, an ASIC-licensed Australian company, competitive published Raw pricing and a broad platform selection. The supplied customer feedback is generally positive about support.
The main reservation is the difference between group-level credentials and the protection attached to an offshore account. Public allegations about cancelled profits also deserve careful reading, even though the underlying disputes have not been independently established.
Our verdict remains 71/100, Recommended. It is worth considering for traders seeking Raw pricing and MetaTrader or cTrader, provided the available entity and contract are acceptable. Check the prohibited-trading and swap-free terms before depositing.
If the account terms and risks suit you, you can open an FP Markets account here. This is a partner link. Forex Wave Expert may earn a commission at no extra cost to you. The rating remains unchanged.
FP Markets Review FAQ
Is FP Markets legit?
The supplied record supports treating it as an established broker group. It began in 2005 and lists licences in Australia, Cyprus, South Africa, Kenya, Seychelles and Mauritius, subject to the entity discrepancies discussed above. Our rating is 71/100, Recommended.
Is FP Markets safe?
No leveraged broker account is risk-free. Australian and eligible EU clients have protections that do not automatically apply offshore. Confirm the company in your agreement, especially if applying from Bangladesh.
How long does an FP Markets withdrawal take?
BestBrokers reports about one business day for most withdrawals. Published estimates are 2 to 10 business days for cards and 2 to 7 for bank wires. Verification, payment providers and account disputes can extend those times.
Why was my FP Markets profit cancelled?
Some complainants report cancellations under abusive trading provisions. That does not establish the reason in your case. Request the specific trades, evidence and contractual clause in writing, save your records, and use the complaint process applicable to your legal entity.
What is the FP Markets minimum deposit?
The supplied sources conflict: some list no minimum, while others list AU$100 or $100 for Seychelles. Budget for $100 and confirm the current requirement directly before paying.
Is FP Markets FCA regulated?
No UK FCA licence is identified in the supplied sources. Check the regulator’s register rather than assuming another group licence provides UK protection.
Is FP Markets the same as FP Trading?
The supplied material shows a shared St Vincent registration number, but does not establish the full corporate relationship. Ask which legal company will open and hold your account.
Is FP Markets good for traders in Bangladesh?
Bangladesh is absent from the supplied restricted list, but eligibility and the likely Seychelles entity need confirmation. Check local foreign exchange rules and available payment methods before funding.
Sources and Evidence
The supplied review cites the following pages for its complaint and reputation coverage:
- FP Markets Trustpilot page: recorded reply rate, invited reviews and 2026 withdrawal and verification allegations.
- Forex Peace Army FP Markets reviews: 2020 reviews and the platform’s spam incident note.
- Forex Peace Army FP Markets complaint threads: reports dated from 2022 to 2026.
- Forex Peace Army SGD 9,000 reversal thread: the August 2026 allegation.
- Forex Peace Army swap-free profit cancellation thread: the allegation involving clause 25.2(g).
- BabyPips abusive trading complaint: a trader-posted termination email.
These pages document allegations, not proof of every claim. Licence details in the supplied article came from broker disclosures and published broker data; account terms came from review data. Pages, figures and terms can change, and this editing pass did not independently recheck them.
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FWE Editorial Transparency
We distinguish broker statements, third-party tests, trader allegations, company replies and editorial opinion. FWE has not audited the accounts behind the complaints or opened a live account for this review. The supplied regulatory information comes from broker disclosures and other published sources, with unresolved differences identified above.
This article contains FP Markets partner links that may earn Forex Wave Expert a commission. Partner arrangements do not determine our scores. The rating may be reconsidered if material new evidence emerges. Published by Rana Das, CEO of Forex Wave Expert.
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Risk Warning
Forex and CFDs are leveraged products, and leverage up to 1:500 can wipe out an account fast. Offshore regulation gives you less protection than regulation in Australia, the EU or the UK. This review is general information, not financial or legal advice. What you are allowed to do, and how you are protected, depends on your country and the company that opens your account.
AI-Generated Review Disclaimer
The original review and 71/100 score were produced using Forex Wave Expert’s AI review process and supplied public-source research. This version has been edited with AI assistance, with the rating retained under editorial instructions. This editing pass did not search live sources or independently verify the underlying figures. The article may contain errors or outdated information. Confirm licences, account terms and payment rules directly before opening or funding an account.
