FP Markets — where it wins, where it loses
FP Markets wins on platform choice. No column in our set puts it behind the field. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- platform choice
Loses on
No column in this set puts FP Markets behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| ASIC | AFSL 286354 | Australia | Tier 1 | First Prudential Markets Pty Ltd | fpmarkets.com |
| CySEC | 371/18 | Cyprus | Tier 2 | First Prudential Markets Ltd | cysec.gov.cy |
| FSCA | FSP 50926 | South Africa | Tier 2 | FP Markets (South Africa) | fpmarkets.com |
| FSA Seychelles | SD130 | Seychelles | Tier 3 | First Prudential Markets Limited | fpmarkets.com |
| CMA Kenya | 193 | Kenya | Tier 2 | FP Markets (Kenya) | fpmarkets.com |
| Capital Market Authority (UAE) | United Arab Emirates | Tier 2 | FP MARKETS MENA SECURITIES L.L.C S.O.C | uaecma.gov.ae |
Checkable
Facts the comparison runs on
On the record
- FP Markets states it was established in 2005 and its Australian entity First Prudential Markets Pty Ltd holds ASIC Australian Financial Services Licence 286354.
- The group also lists CySEC licence 371/18 held by First Prudential Markets Ltd, FSCA South Africa FSP number 50926, Seychelles FSA licence SD130 and Capital Markets Authority of Kenya licence 193.
- FP Markets' regulation page states a minimum deposit of $100 to open a live account.
- The company states retail client funds are kept separate from firm capital and held with banks, and that its accounts are externally audited.
- FP Markets offers MT4, MT5, cTrader, TradingView and the Iress platform for share CFDs.
- The UAE Capital Market Authority public register lists FP MARKETS MENA SECURITIES L.L.C S.O.C (company code CP-0001751) as Active in Dubai, with active Introduction and Promotion activities; the public response does not show a separate licence number, and Category 5 activity is not authority to execute client orders (https://www.uaecma.gov.ae/en/open-data/licensed-companies.aspx?q=CP-0001751).
| Trading since | 2005 |
|---|---|
| Base | Sydney, Australia |
| Minimum to open | $100 |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | MT4, MT5, cTrader, TradingView, Iress, Mobile apps |
| Account tiers | Standard, Raw, Demo |
| Markets | Forex, Indices, Commodities, Shares, Metals, Bonds, ETFs, Crypto CFDs, Futures |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- maximum leverage
- EUR/USD spread
- negative balance protection
- exact Seychelles and Kenya entity names
- UAE CMA public-register response for CP-0001751 does not expose a separate licence number
Costs less
Who beats FP Markets on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.