FP Markets was founded in Sydney in 2005 and holds ASIC and CySEC licenses, which is what most of its marketing points to. Its global website, though, runs through offshore companies: FP Markets LLC, registered in St Vincent and the Grenadines, and First Prudential Markets Limited, licensed in Seychelles.
Is FP Markets regulated?
The group has seven entities. For international clients, the relevant ones are First Prudential Markets Limited, licensed by the Financial Services Authority of Seychelles (SD130), and FP Markets LLC, a St Vincent company that independent databases list as unregulated. Reports differ on which one onboards a given client, so we score the weaker, as we do whenever a broker doesn’t say. That puts FP Markets at tier 4 in our model, the same position as HFM.
The Australian (ASIC AFSL 286354), Cyprus (CySEC 371/18), South African (FSCA 50926) and Kenyan (CMA 103) companies serve their home markets.
FP Markets in your country
- India: FP Markets is on the Reserve Bank of India’s Alert List. We don’t link to brokers from our India pages.
- UAE, Saudi Arabia, Pakistan and Malaysia: no local license found.
Costs and platforms
Independent reviews consistently rate FP Markets’ costs as competitive and note it charges no inactivity or account maintenance fees. It’s one of few brokers offering all four major platforms: MT4, MT5, cTrader and TradingView. Offshore clients can get leverage up to 1:500. Negative balance protection and segregated client funds apply across its entities, according to independent reviews.
Who FP Markets suits
FP Markets suits experienced traders who want low costs and every major platform. Its weakness for our readers is the offshore setup behind the global site, so confirm which company your client agreement names.