TIER 1 · FSA-SC · ASIC · FSCARBI ALERT LIST#1 of 66 international brokers

FP Markets review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists FP Markets as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).

Verdict score

9.4 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation10.0

Best licence: Tier 1

Trading cost9.5

$6.00 per lot

Accessibility5.0

Deposit not published

Platforms & payments9.2

5 platforms · 6 payment methods

Outside ratings9.6

Trustpilot 4.8 from 10,366

FP Markets vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720

GO Markets$1,200

FP Markets$1,440

Zero Markets$1,440

Vantage$1,440

IG$1,440

Cheapest vs most expensive here, per year$720

Regulation

Who licenses FP Markets.

Licences as FP Markets lists them. A tick means we found the entity on the regulator's own register.

Regulator	Tier	Entity	Licence no.	On register
FSA-SC	OFFSHORE	First Prudential Markets Limited	SD130	Not yet checked
ASIC	TIER 1	First Prudential Markets Pty Ltd	AFSL 286354	Not yet checked
FSCA	TIER 2	FP Markets (Pty) Ltd	FSP 50926	Not yet checked

Accounts

Published EUR/USD costs.

Account	Spread	Commission	Cost / lot
Standard from	1 pip	$0	$10.00
Raw from	0 pip	$6	$6.00

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website

www.fpmarkets.com

Founded

Not published

Headquarters

Not published

Minimum deposit

Not published

Max leverage

1:500

EU/UK leverage cap

—

Platforms

MT4, MT5, cTrader, TradingView, own app

Deposits & withdrawals

Bank wire, Cards, Crypto, Skrill, Neteller, Broker-to-broker transfer

Islamic (swap-free) account

Yes

Copy trading

Yes

Withdrawal fees

Funding page advertises 0% deposit fees (Skrill/Neteller no deposit fees); withdrawal fees not stated on pages opened.

Inactivity fee

Not published

Restricted countries

Not offered in Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russia, Somalia, Syria, Sudan, Yemen, the United States, the EEA, and FATF / EU / UN sanctioned jurisdictions.

RBI Alert List (India)

LISTED as "FP Markets" · list of 19 Nov 2025 · checked 24 Oct 2026

Verified reviews

Traded with FP Markets? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 4.8 from 10,366 reviews.

Compare FP Markets

vs Trive vs Zero Markets vs Fusion Markets vs GO Markets vs Capital.com vs Vantage

Visit FP Markets

Sources · data as of 2026-10-24

accounts: www.fpmarkets.com/account-types/forex-account-types/
platforms: www.fpmarkets.com/trading-accounts/
regulators: www.fpmarkets.com/trading-accounts/
trustpilot: www.trustpilot.com/review/fpmarkets.com
copy trading: www.fpmarkets.com/trading-accounts/
max leverage: www.fpmarkets.com/account-types/forex-account-types/
islamic account: www.fpmarkets.com/account-types/islamic-account-types/
payment methods: www.fpmarkets.com/funding/
withdrawal fee note: www.fpmarkets.com/funding/
restricted countries note: www.fpmarkets.com/trading-accounts/

Research notes: Global site operated by FP Markets Ltd (Saint Lucia, reg. 2025-00853); Tominus Ltd (Cyprus, HE 480296) listed with no regulator. Spreads are generic FX 'from' figures (Standard from 1.0, Raw from 0.0), not EUR/USD-specific. Raw commission US$3 per side = $6 RT. Leverage 1:500 per account page. Min deposit not stated. Islamic: site has an Islamic Account Types page, terms not shown. Copy trading = 'Social Trading' and Signal Start in site menu. Founding year not stated.

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