- Licensed entity
- First Prudential Markets Pty Ltd
- Licence no.
- AFSL 286354
Reported by third-party sources · SourceCheck register ↗
FP Markets
First Prudential Markets Pty Ltd · Sydney, Australia
Australian raw-spread broker with MT4, MT5, cTrader and TradingView.
8.3out of 10
1 regulator alert against FP Markets, 1 in the last two years.
Regulators say these FP Markets companies or websites aren't authorised in their countries. See the alerts
Licences (6)
- Licensed entity
- First Prudential Markets Ltd
- Licence no.
- 371/18
Reported by third-party sources · SourceCheck register ↗
- Licensed entity
- FP Markets (Pty) Ltd
- Licence no.
- FSP 50926
One source gives 50936.
Reported by third-party sources · SourceCheck register ↗
- Licensed entity
- Not stated
- Licence no.
- Not stated
Sources disagree on the number (103 or 193).
Reported by third-party sources · SourceCheck register ↗
- Licensed entity
- First Prudential Markets Limited
- Licence no.
- SD130
Reported by third-party sources · SourceCheck register ↗
- Licensed entity
- FP Markets Ltd
- Licence no.
- Not stated
Reported by third-party sources · SourceCheck register ↗
Which company you sign up with depends on where you live. Your protections (compensation scheme, leverage limits, negative balance protection) come from that company's regulator.
Score breakdown
Weighted total: 8.3 / 10, ranked #20 of 30. How we score
- Regulation strength: Based on the strongest regulator licensing the broker, plus extra tier-1 and tier-2 licences.
- Licence status: Whether any licence has been revoked or has expired.
- Track record: Years in business: 0.5 points per year, up to 10.
- Transparency: Publicly listed parent, licences disclosed, head office published, client money segregated.
- Regulator alerts: Deductions for regulator alerts against the broker's own companies or websites.
Regulator alerts (1)
| Date | Regulator | Name as published | Source |
|---|---|---|---|
| 22 Aug 2025 | CMA (UAE) United Arab Emirates | FP Markets (UAE) | Source ↗ |
Scam sites impersonating FP Markets
These alerts are about fraudsters copying the broker's name. They don't count against its score. Always check the website address before you log in or deposit.
- Impersonation of First Prudential Markets Pty Ltd (pglobalinv.com): ASIC, 27 Feb 2026 · source
Overview
FP Markets is an Australian forex and CFD broker licensed by ASIC, with an EU company licensed by CySEC and further entities in South Africa, Kenya, Mauritius and Seychelles. Some international clients sign up with companies in St Vincent and the Grenadines or Saint Lucia, which are registered but not regulated. It offers raw-spread accounts on MT4, MT5, cTrader and TradingView.
Who it suits: Active traders who want raw spreads and a choice of platforms. Check which FP Markets entity you'd be signed up with.
Company information
Trading conditions
Pros & cons
Pros
- Australian entity licensed by ASIC, EU entity by CySEC
- Raw spreads from 0.0 pips plus commission
- MT4, MT5, cTrader and TradingView
- Long track record (since 2005)
Cons
- Some international clients go to unregulated entities
- Regulator alert in the UAE (2025)
- No US clients
Frequently asked questions
Is FP Markets regulated?
Yes. FP Markets companies hold licences from ASIC, CySEC, FSCA, CMA (KE), FSA (SC), FSC (MU) (6 licences in our database). Your protection depends on which FP Markets company you open an account with, so check that company on the regulator's register before you deposit.
Is FP Markets safe?
FP Markets has a score of 8.3/10. Regulators in United Arab Emirates have issued 1 regulator alert saying FP Markets companies or websites aren't authorised to offer services there (most recent: 22 Aug 2025). Only open an account if the broker is allowed to operate where you live.
Which FP Markets company will I open an account with?
It depends on where you live. The companies in our database are: First Prudential Markets Pty Ltd (ASIC, Australia); First Prudential Markets Ltd (CySEC, Cyprus (EU)); FP Markets (Pty) Ltd (FSCA, South Africa); FP Markets Ltd (FSC (MU), Mauritius); First Prudential Markets Limited (FSA (SC), Seychelles). Clients outside the UK, EU and Australia are often onboarded to an offshore company with weaker protection.
Does FP Markets accept US clients?
No. FP Markets doesn't accept US residents.
What's the minimum deposit and maximum leverage at FP Markets?
Minimum deposit: $100. Maximum leverage: 30:1 retail (ASIC / CySEC); up to 500:1 offshore.
Which platforms does FP Markets offer?
MT4, MT5, cTrader, TradingView, FP Markets app.
CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Most retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money. Licence data checked 12 Oct 2026. Details can change; always confirm on the regulator's register.