First Prudential Markets review covers the Australian broker also known as FP Markets, offering multi-asset CFD and forex trading through MT4, MT5, and Iress platforms. Established in 2005, FP Markets is regulated by ASIC and CySEC, combining tight spreads with direct market access for retail and professional clients globally.

Regulation and Safety

FP Markets is operated by First Prudential Markets Pty Ltd, authorised and regulated by the Australian Securities and Investments Commission (ASIC) under licence number 286354. Its European arm, FP Markets LLC, is regulated by CySEC (Licence No. 371/18).

Clients benefit from:

• Negative balance protection (EU only)
• Segregated client accounts with Tier-1 banks
• Regular financial audits
• Membership of external dispute resolution schemes (AFCA and CySEC’s ICF)

Execution Model and Trading Platforms

FP Markets uses a hybrid ECN/STP execution model for forex and CFD trading. Retail clients can access tight pricing with no dealing desk intervention. Institutional-style DMA access is provided through the Iress platform. Supported platforms include:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• Iress ViewPoint (DMA for stocks and futures)

FIX API is available upon request. VPS hosting is also supported for algorithmic traders.

Markets and Instruments

FP Markets offers over 10,000 CFD instruments across major asset classes:

• Forex – 70+ pairs
• Indices – global indices including US500, DAX40, FTSE100
• Commodities – gold, oil, silver, copper
• Stocks – ASX, NYSE, NASDAQ, LSE equities
• Cryptocurrencies – BTC, ETH, XRP, LTC and others
• ETFs – limited selection via Iress

Accounts, Spreads and Leverage

FP Markets offers two main account types on MT4/MT5:

• Standard: No commission, spreads from 1.0 pip
• Raw ECN: Spreads from 0.0 pips, $6 per round-turn lot

Minimum deposit: $100 AUD. Maximum leverage:

• Up to 1:30 (ASIC retail clients)
• Up to 1:500 (international clients)

Iress accounts require a minimum of AUD $1,000 and support direct market execution with tiered commissions.

Funding and Base Currencies

FP Markets accepts deposits via:

• Bank wire
• Credit/debit cards
• PayPal, Neteller, Skrill
• Fasapay, STICPAY, POLi, BPAY
• Cryptocurrencies (BTC, ETH, USDT)

Supported base currencies include AUD, USD, EUR, GBP, SGD, CAD. Most deposits are processed instantly, while withdrawals take 1–3 business days.

Client Protections and Features

FP Markets offers:

• ASIC and CySEC regulatory oversight
• Segregated client funds
• ICF coverage (EU only) up to €20,000
• Negative balance protection for EU clients
• Biometric login via mobile app
• Encrypted trading platforms and client portal

Institutional and Retail Offering

FP Markets caters to both retail and institutional clients with:

• FIX API and VPS for algo traders
• White-label solutions
• Liquidity services and prime brokerage (via Iress)
• MAM/PAMM account support for money managers

Pros and Cons

Pros

• ASIC and CySEC regulated
• MT4, MT5 and Iress platforms
• DMA and ECN access
• High number of tradable assets
• Excellent support for algo and institutional traders

Cons

• MT5 stock CFD range is smaller than Iress
• EU leverage limited due to ESMA rules
• ICF protection not available to Australian clients

Frequently Asked Questions

Is FP Markets regulated?

Yes, FP Markets is regulated by ASIC (Australia) and CySEC (Europe) under the legal entity First Prudential Markets Pty Ltd.

What trading platforms does FP Markets offer?

FP Markets offers MT4, MT5, and Iress ViewPoint, covering both CFD and DMA trading.

What is the minimum deposit at FP Markets?

The minimum deposit for MT4/MT5 accounts is AUD $100. Iress accounts require AUD $1,000 minimum.

Does FP Markets offer institutional services?

Yes, FP Markets offers FIX API, white-label, liquidity provision, and MAM/PAMM for institutions and money managers.

Is negative balance protection provided?

Yes, negative balance protection is available for EU clients. It may not apply to Australian or professional clients.