Is FP Markets regulated and safe for trading?

FP Markets is regulated through several companies, each in its own jurisdiction: Australia: First Prudential Markets Pty Ltd holds Australian Financial Services Licence 286354, confirmed on the ASIC register. European Union: First Prudential Markets Ltd holds Cyprus Investment Firm licence 371/18, confirmed on the CySEC register. South Africa: FP Markets (Pty) Ltd is an authorised financial services provider, FSP 50926, on the FSCA register. Kenya: FP Markets Limited holds licence 193 from the Capital Markets Authority as a non-dealing online forex broker. The broker's own group page gives the number as 103. Seychelles: the FSA's securities dealer register lists First Prudential Markets Limited with the trade name FP Markets. The register gives no licence numbers, so the number SD130 is the broker's own. Each licence covers only the company that holds it. Which company holds an account decides the regulator, the leverage cap and the complaints route, so that is worth establishing before funding one. Regulation is a meaningful protection but not a guarantee about conduct or service.

FP Markets Review 2026: Regulation, Safety, Policy

Is FP Markets a scam?

Wikilix independent safety report

Read the full report

48%Scam risk

High risk (unverified)Confidence: HIGH

3.0/5

No, FP Markets is not a fake broker: its Australian tier-1 licence is genuine and we found no regulator or court finding of fraud, but real risks remain. The licences are real. ASIC's own licensee re…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation5/10 · ModerateIdentity & transparency2/10 · LowWithdrawals & conduct6/10 · HighReputation4/10 · ModerateWebsite claims4/10 · ModerateOperational history2/10 · Low

What FP Markets legally published, but does not want you to read

Wikilix contract reading · Oct 7, 2026

High contract risk

FP Markets sells automated trading on MetaTrader 4 and bans it in paragraph 15.14 of its contract. It can cancel profits you have already made on an indication alone, decided by FP Markets and nobody else. Its German, Italian and Portuguese documents have no legal effect at all. The costs policy names five kinds of fee and prices none of them.

5Critical clauses

23Clauses flagged

50Documents read

6.5/10Contract risk

Read the full terms report19 more clauses, each with its wording, clause number and source

Editorial review

Updated Oct 28, 2026

Broker Summary

What Wikilix has recorded about FP Markets: its history, the licences it holds, its trading conditions and its fees.

FP Markets Broker Overview

FP Markets is the trading brand of First Prudential Markets, a broker group that has operated since 2005 and runs separate licensed companies in several jurisdictions. Clients trade forex and contracts for difference using MetaTrader 4, MetaTrader 5 or cTrader, on either a commission free Standard account or a commission based Raw account. Its licences are held by separate group companies in Australia, Cyprus, South Africa, Kenya and Seychelles.

FP Markets Regulation and License

Five licences are listed below. Each is held by a separate company in the group and covers only that company.

Australia. First Prudential Markets Pty Ltd holds Australian Financial Services Licence 286354 from the Australian Securities and Investments Commission, recorded as commencing on 31 May 2005. It authorises the company to advise on and deal in derivatives, foreign exchange contracts and securities, and to make a market in foreign exchange contracts and derivatives.
Cyprus. First Prudential Markets Ltd holds Cyprus Investment Firm licence 371/18 from the Cyprus Securities and Exchange Commission, dated 19 November 2018, with no qualifying remark against the entry.
South Africa. FP Markets (Pty) Ltd is an authorised financial services provider, FSP 50926, on the register of the Financial Sector Conduct Authority.
Kenya. FP Markets Limited holds licence 193 from the Capital Markets Authority as a non-dealing online forex broker, which means it may not take the other side of a client's trade. The broker's own group page gives the number as 103.
Seychelles. The Financial Services Authority's securities dealer register lists First Prudential Markets Limited with the trade name FP Markets and its website. The register gives no licence numbers, so the number SD130 comes from the broker.

Is FP Markets Regulated?

Yes. Separate companies in the group are licensed in Australia, Cyprus, South Africa and Kenya, and the Seychelles regulator lists the group's company there as a securities dealer. Which of those companies a client contracts with determines the regulator and the protections that apply to the account, so a client should check which company opens the account.

First Prudential Markets

The FP Markets brand sits above several legal companies rather than one. They include First Prudential Markets Ltd, registered in Cyprus under number HE372179, which is the entity behind the European site; First Prudential Markets Pty Ltd, registered in Australia under number 112600281, which holds the Australian licence; First Prudential Markets Limited, registered in New Zealand under number 6611613; and First Prudential Markets (Global) Ltd. A company registration is not a trading licence; the licences are held by the companies named in the regulation section.

Is FP Markets Safe?

Licences from established onshore regulators in Australia and Cyprus are a meaningful protection, but they are not a guarantee about conduct, solvency or service, and each covers only the company that holds it. The Cyprus entity publishes on its own site that 74.51 per cent of its retail investor accounts lose money when trading contracts for difference, which is the ordinary outcome distribution for leveraged trading rather than something specific to this broker. Prospective clients should also be careful which site they are on, because look alike sites trade on this brand. The domains confirmed as the broker's own are fpmarkets.com, fpmarkets.eu, fpmarkets.com.au, fpmarkets.co.ke and firstprudentialmarkets.com.

FP Markets Account Types

The Cyprus entity publishes two live account types, and what separates them is how trading is charged rather than what can be traded. The Standard account carries no commission, except on MetaTrader 5 and cTrader equities. The Raw account charges US$3 or the equivalent per side, per lot. Both cap retail leverage at 1:30. The European site states that neither account has a minimum deposit; the minimum amount depends on the payment method.

FP Markets Spreads, Commissions and Fees

Commission is the main published difference between the two accounts: zero on Standard, apart from MetaTrader 5 and cTrader equities, and US$3 per side per lot on Raw. On funding, the broker states that it charges no deposit fees and does not charge for processing bank wire withdrawals, while noting that a withdrawal fee may be incurred where deposited funds were not used for trading. No spread figures are available for either account.

FP Markets Leverage

Retail clients on both of the Cyprus entity's accounts are capped at 1:30. A higher ceiling of 1:500 is recorded against the group's headline terms, so the cap that applies to an account depends on which company holds it.

FP Markets Trading Platforms

Three platforms are offered: MetaTrader 4, MetaTrader 5 and cTrader. Each runs on Windows, macOS, iOS and Android and in the browser. MetaTrader 4 is offered with Expert Advisors and a virtual private server option on both account types, MetaTrader 5 adds depth of market, 21 timeframes and eight order types over MetaTrader 4, and cTrader carries Level II pricing and cTrader Automate.

FP Markets Deposits and Withdrawals

The Cyprus entity publishes five funding methods: Visa and Mastercard cards, bank transfer, Skrill, Neteller and PayPal. Card and e-wallet transfers are typically instant, while bank transfers may take several days. Check the withdrawal conditions before funding an account. Withdrawals must be returned by the method used to deposit, starting with card deposits before any other method. They go only to an account in the client's own name, and a card withdrawal request asks for the last three digits of the card used. The broker's published answer on withdrawal fees is incomplete, so no withdrawal fee can be given for the card and e-wallet methods.

FP Markets Support

Support is available on live chat and by email during business hours, Monday to Friday from 08:00 to 00:00 and weekends from 08:00 to 16:00, GMT+3. The Cyprus entity publishes separate addresses for onboarding, back office, compliance, complaints, risk and general support, with complaints handled at complaints@fpmarkets.eu, and local telephone numbers for Cyprus, Spain, Portugal, Germany and Poland. English is the supported language.

FP Markets Pros and Cons

Strengths: licences confirmed on the ASIC and CySEC registers, with further licensed companies in South Africa and Kenya; an operating history going back to 2005; three established platforms including cTrader; a commission free account alongside a commission based one; and five funding methods with no deposit fees.

Limitations: the brand operates through several companies, so protections depend on which one holds the account. The Seychelles register lists the group's company there without giving its licence number. Retail leverage on the European accounts is capped at 1:30, no spread figures are available, and withdrawals must return by the deposit route and only to an account in the client's own name.

FP Markets Review and Assessment

FP Markets is a long established group with genuine onshore licensing in two jurisdictions and a conventional, well documented offering: three mainstream platforms, two clearly differentiated account types and five mainstream funding methods. The most important thing to establish before funding an account is which company in the group will hold it, because that decides the regulator, the leverage cap and the complaints route. The European site also states that its information is not directed at residents of the United States, Canada or Belgium.

Website archive

Captured Oct 7, 2026

Website snapshots

2 full-page captures of FP Markets's own site, archived so what they said can still be read after the pages change.

2 pages

Regulation (EU/CySEC entity)

Homepage

Regulation check

Checked Oct 7, 2026

Regulatory Licenses

FP Markets holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.

5 of 5 checked

Licences on record: 5
Confirmed on register: 5
Tier 1 or 2: 2
Offshore: 2

WIKILIX

Licence intelligence

The strongest of 5 licences on file

Licence Verification Record

Australia Securities & Investment Commission 286354

Wikilix read the ASIC register on Oct 7, 2026. This is what it said.

Name on the register: FIRST PRUDENTIAL MARKETS PTY LTD
Jurisdiction: Australia
Authority strength: Tier 1
Licence type: Market Making(MM)
Register status: Active
Effective: May 31, 2005
Shown on the FP Markets website: Shown

Checked Oct 7, 2026

Permissions

provide financial product advice for the following classes of financial products: (i) deposit and payment products limited to: (A) basic deposit products; (B) non-cash payment products; (ii) derivatives; (iii) foreign exchange contracts; (iv) securities; and (v) standard margin lending facility
deal in a financial product by: (i) issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products: (A) derivatives; (B) foreign exchange contracts; and (C) securities; and (ii) applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products: (A) deposit and payment products limited to: (1) basic deposit products; (2) non-cash payment products;
make a market for the following financial products: (i) foreign exchange contracts; and (ii) derivatives

What our check found

A full Australian Financial Services Licence held by First Prudential Markets Pty Ltd. The conditions on ASIC's register authorise financial product advice, dealing by issuing foreign exchange contracts and derivatives, and making a market in them, for retail and wholesale clients. That is the complete permission set a retail CFD broker needs, not an advice-only authorisation. ASIC's register is searched interactively and has no shareable result link, so the licence is looked up by entering the number 286354. Client protection: Strong. Client money segregated at an Australian bank, mandatory negative balance protection on retail CFD accounts, and free access to the Australian Financial Complaints Authority for Australian retail clients. Effective: 31 May 2005.

Client protection under this licence

No compensation schemeNo mandatory insurance (but strict fund segregation)
Negative balance protection
Complaints routeAFCA
Maximum leverage1:28

These are the rules ASIC sets for the firms it licenses. They are not a statement about how FP Markets applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the ASIC licence record About ASIC

Tier 1 and 2 authorities

2 licences

Tier 3 and 4 authorities

2 licences

Trading accounts

Updated Oct 6, 2026

Account Types

2 account types on record. Leverage up to 1:30.

2 account types

Account	Min Deposit	Max Leverage	Commission
StandardStandard	Not recorded	1:30	Zero (excluding MT5 and cTrader equities)
RawRAW · ECN	Not recorded	1:30	US$3 or equivalent per side, per lot

Client acceptance

Country availability

Where FP Markets says it will and won't take clients

42 countries

Confirmed blocked

Named in the broker's own terms

USUnited StatesCACanadaBEBelgiumILIsraelJPJapanKPNorth KoreaIRIranIQIraq

Likely blocked

Reported, not verified against a primary source

FRFranceESSpain

Covered by a parent block

Territories a blocked country carries with it

PRPuerto RicoGUGuamVIVirgin Islands (U.S.)ASAmerican SamoaMPNorthern Mariana Islands

Explicitly accepted

Named as accepted — not a full list of served markets

ATAustriaBGBulgariaHRCroatiaCYCyprusCZCzechiaDKDenmarkEEEstoniaFIFinlandDEGermanyGRGreeceHUHungaryISIceland

Show 15 more

IEIrelandITItalyLVLatviaLILiechtensteinLTLithuaniaLULuxembourgMTMaltaNLNetherlandsNONorwayPLPolandPTPortugalRORomaniaSKSlovakiaSISloveniaSESweden

How we know — 9 sources

1The refused countries come from the broker's client agreements and its site disclaimer. The CySEC entity's Contracts for Difference Terms and Conditions (Client Agreement), issue date 10 July 2026, clause 2.1, states that the trading platform and services are not available to anyone 'who is a citizen or resident of certain jurisdictions including but not limited to the United States of America, Israel, Japan, North Korea (DPRK) or Belgium or any other jurisdiction in which the Company does not provide its services'. Source: https://fpmarkets.eu/git-assets/pdf/policies/20260710-FPMCY-Terms-Conditions-(Client-Agreement).pdf
2The group's non-EU client agreement, published on the broker's own site for FP Markets LLC of St Vincent and the Grenadines and last updated 17 August 2022, names a longer list in the same clause: 'who is a citizen or resident of certain jurisdictions including but not limited to the United States of America, Australia, Japan, Democratic People's Republic of Korea (North Korea), the Islamic Republic of Iran, Republic of Iraq and Belgium, as the company does not accept Clients from these countries'. Iran and Iraq rest on this page and this wording. Source: https://www.fpmarkets.com/wp-content/uploads/2022/08/FIRST-PRUDENTIAL-MARKETS-LLC-CLIENT-AGREEMENT-17-08-2022.pdf
3Australia is deliberately neither accepted nor refused. It appears in the St Vincent entity's refusal list, but the same document states that the group includes 'First Prudential Markets Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 16 112 600 281, AFS License No. 286354)', so that exclusion belongs to the offshore entity and not to the group. The Australian entity's own onboarding is not among the pages this record rests on.
4The site's standing legal disclaimer supplies Canada: 'The information on this site is not directed at residents of the United States, Canada and Belgium or any particular country outside the EEA, and is not intended for distribution to or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation'. Source: https://fpmarkets.eu/. The same sentence's reference to countries outside the EEA is a category, not a list of countries, so it adds no country here: the group runs separate non-EU entities that serve markets outside the EEA.
5The accepted list is the closed country list in the broker's own registration form for its CySEC entity. It offers exactly these 27 EEA countries and nothing else. Source: https://portal.fpmarkets.eu/eu/register. The broker's FAQ states the rule that list enforces: 'We are only able to accept clients who are residents of jurisdictions in which we hold the necessary regulatory authorisations. If your country does not appear on the list, we are unfortunately unable to process your application through this regulated entity'. Source: https://fpmarkets.eu/faq/. This is one entity's list, so a country absent from it is not thereby refused by the group.
6France and Spain are listed as probably refused, not as confirmed refusals. Neither is named in any of the broker's own text; both are inferred from their absence from the closed 27 country registration list above, read together with the FAQ wording. They are the only EEA states that list omits apart from Belgium, which is named outright in the client agreement and in the disclaimer.
7Dependent territories: the United States is a confirmed refusal, and none of its territories is named separately anywhere. The US block therefore covers Puerto Rico, Guam, the United States Virgin Islands, American Samoa and the Northern Mariana Islands. None of the other named jurisdictions has dependent territories.
8No dedicated restricted countries page is published. The paths /restricted-countries, /prohibited-countries, /accepted-countries and /where-we-operate are all absent from the EEA site, which carries the onboarding rule in its FAQ instead of a country list. The funding page at https://fpmarkets.eu/payments/ states no country restriction, and that site publishes no anti money laundering policy page and no partner or introducing broker terms page.
9This record is built from the broker's EEA entity surfaces and the group's published non-EU client agreement. The Australian, Seychelles, Kenyan and South African entities each run their own site and onboarding, and their country lists are not reflected here.

Deposits & withdrawals

Funding Methods

5 ways to fund an account. 5 with no deposit fee. 4 credit instantly.

5 methods

Method	Deposit fee	Withdrawal fee	Min deposit	Withdrawal min / max	Processing
Credit/Debit CardCredit Card Listed on the Cyprus entity's payments page with Nuvei (ex. Safecharge Ltd), Cyprus, as the payment service provider. The broker states it charges no deposit fees and that online methods are typically instant. Withdrawals must be returned to the card used for the deposit, starting with card deposits before any other method, and a card withdrawal request asks for the last three digits of that card. The broker's own answer on withdrawal fees is published unfinished, so no withdrawal fee is recorded.	Free	Not recorded	Not recorded	Not recordedNot recorded	Instant
Bank TransferWire Transfer Listed on the Cyprus entity's payments page with Bank of Cyprus Ltd, Cyprus, as the financial institution. The broker states it charges no deposit fees, that bank transfers may take several days, and that it does not charge for processing bank wire withdrawals, while warning that a withdrawal fee may be incurred where the deposited funds were not used for trading. Withdrawals go to an account in the client's own name only.	Free	Free	Not recorded	Not recordedNot recorded	Not recorded
SkrillE-Wallet Listed on the Cyprus entity's payments page as Skrill Ltd (Paysafe Financial Services Ltd), United Kingdom, and named in the broker's own deposit-methods answer. No deposit fee is charged and online methods are typically instant. The broker's published answer on withdrawal fees breaks off mid-sentence, so no withdrawal fee is recorded.	Free	Not recorded	Not recorded	Not recordedNot recorded	Instant
NetellerE-Wallet Listed on the Cyprus entity's payments page as Neteller (Paysafe Financial Services Limited), United Kingdom, and named in the broker's own deposit-methods answer. No deposit fee is charged and online methods are typically instant. The broker's published answer on withdrawal fees breaks off mid-sentence, so no withdrawal fee is recorded.	Free	Not recorded	Not recorded	Not recordedNot recorded	Instant
PayPalE-Wallet Listed on the Cyprus entity's payments page as PayPal Europe Services Limited, United Kingdom. No deposit fee is charged and online methods are typically instant. Withdrawals must first return the deposited amount by the same method. The broker's published answer on withdrawal fees breaks off mid-sentence, so no withdrawal fee is recorded.	Free	Not recorded	Not recorded	Not recordedNot recorded	Instant

Trading software

Trading Platforms

3 trading platforms on record: MetaTrader 4, MetaTrader 5 and cTrader.

3 platforms

MetaTrader 4
by MetaQuotes Software Corp.since 2005Developer site
Offered on the Cyprus entity's site for Windows, MacOS, iOS, Android and in-browser WebTrader, with Expert Advisors and a VPS option on both the Standard and Raw accounts.
Runs on
- Windows
- Mac
- Web Trader
- Android
- iOS
Download
Details
MetaTrader 5
by MetaQuotes Software Corpsince 2010Developer site
Offered on the Cyprus entity's site for Windows, MacOS, iOS, Android and in-browser WebTrader. Adds depth of market, 21 timeframes and eight order types over MT4.
Runs on
- Windows
- Mac
- Web Trader
- Android
- iOS
Download
Details
cTrader
by Spotware Systems Ltdsince 2011Developer site
Offered on the Cyprus entity's site for desktop, web and mobile, with Level II pricing and cTrader Automate. Standard and Raw accounts are both available on it.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Download
Details

Websites

Global Domains

7 domains on record. All active and served over HTTPS.

7 domains

www.fpmarkets.comMain siteActiveHTTPS
fpmarkets.euRegionalActiveHTTPS
www.fpmarkets.com.auRegionalActiveHTTPS
www.fpmarkets.co.keRegionalActiveHTTPS
firstprudentialmarkets.comRegionalActiveHTTPS
portal.fpmarkets.euClient portalActiveHTTPS

Show 1 more

portal-cn.fpmarkets.comClient portalActiveHTTPS

Legal entities

Corporate Network

4 legal entities behind the FP Markets brand.

4 entities

FIRST PRUDENTIAL MARKETS LTDActiveLicence holderCyprusRegistration HE372179Established Jul 27, 2017Holds CySEC
FIRST PRUDENTIAL MARKETS PTY LTDActiveLicence holderAustraliaRegistration 112600281Established Jan 21, 2005Holds ASIC
FIRST PRUDENTIAL MARKETS LIMITEDActiveLicence holderNew ZealandRegistration 6611613Established May 31, 2005Holds FSA
First Prudential Markets (Global) LtdActive

Company registry check

Checked Oct 7, 2026

Company Registration

The operating company is FIRST PRUDENTIAL MARKETS PTY LTD. Registered in Australia. Registration number ACN 112 600 281 (ABN 16 112 600 281).

Verified on registry

Legal entity: FIRST PRUDENTIAL MARKETS PTY LTD
Registration number: ACN 112 600 281 (ABN 16 112 600 281)
Jurisdiction: Australia
Incorporated: Jun 7, 2005
Registry: Australian Business Register / ASIC
Registered address: Level 5 Exchange House, 10 Bridge Street, Sydney NSW 2000, Australia

Peer comparison

Brokers worth comparing

4 other brokers on the record share what FP Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.

4 peers

FP Markets
This recordSeychelles · since 2005· First Prudential Markets LimitedWikilix score 20.0RegulationRegulatedASICMax leverage1:500Platforms3Licences5
Smart Tool Trading SC LTD
Seychelles · since 2018· SmartTool Trading SC LimitedWikilix score 20.0RegulationOffshoreFSAMax leverageNot recordedPlatformsNot recordedLicences1
Fusion Markets
Vanuatu · since 2002· Gleneagle Securities Pty LimitedWikilix score 20.0RegulationRegulatedASICMax leverage1:500Platforms5Licences4
CWG Markets
Vanuatu · since 2014· CWG Markets LtdWikilix score 20.0RegulationRegulatedFCAMax leverage1:1000Platforms3Licences3
AUS GLOBAL
Mauritius · since 2023· AUS Global MU LimitedWikilix score 20.0RegulationRegulatedCySECMax leverage1:500Platforms4Licences4

Frequently Asked Questions

Common questions about FP Markets

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FP Markets

Trading Conditions

Official website

Funding Methods

Credit/Debit Card

Bank Transfer

Skrill

Neteller

PayPal

Trust rating

Regulation

What we checked

What this measures

Identity

What we checked

What this measures

Client terms

What we checked

What this measures

Trading offer

What we checked

What this measures

Service

What we checked

What this measures

Regulatory Licenses

Company Information

Customer Support

Is FP Markets a scam?

What FP Markets legally published, but does not want you to read

FP Markets Broker Overview

FP Markets Regulation and License

Is FP Markets Regulated?

First Prudential Markets

Is FP Markets Safe?

FP Markets Account Types

FP Markets Spreads, Commissions and Fees

FP Markets Leverage

FP Markets Trading Platforms

FP Markets Deposits and Withdrawals

FP Markets Support

FP Markets Pros and Cons

FP Markets Review and Assessment

Australia Securities & Investment Commission 286354

Permissions

What our check found

Client protection under this licence

Tier 1 and 2 authorities

Tier 3 and 4 authorities

MetaTrader 4

Runs on

MetaTrader 5

Runs on

cTrader

Runs on

FP Markets

Smart Tool Trading SC LTD

Fusion Markets

CWG Markets

AUS GLOBAL

Frequently Asked Questions

How long do FP Markets withdrawals take?

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Who is the company behind FP Markets?

What customer support options are available at FP Markets?

What types of financial instruments can be traded with FP Markets?

What are the minimum deposit requirements at FP Markets?

What trading platforms does FP Markets offer?

Is FP Markets regulated and safe for trading?

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