FP Markets Review

FP Markets is a forex and CFD broker operating since 2005, regulated by ASIC (Australia), CySEC (Cyprus), the FSCA (South Africa) and the DFSA (Dubai). It offers a swap-free account option, raw ECN-style pricing, and supports MT4, MT5, cTrader and TradingView. Forex and CFD trading is high-risk; most retail accounts lose money.

Regulation & safety of funds

FP Markets holds authorisations with ASIC in Australia, CySEC in Cyprus, the FSCA in South Africa and the DFSA in Dubai (DIFC). ASIC and CySEC are well-established, strict-tier regulators; the FSCA and DFSA add further oversight. The DFSA is simply one of several strict-tier authorities FP Markets holds — for traders in Georgia, Kazakhstan and Azerbaijan it is not a local licence and confers no local supervision, so read it as evidence of overall regulatory rigour, not as 'regulated in your country'.

None of FP Markets' regulators is a local supervisor in our cluster, so for residents of Georgia, Kazakhstan and Azerbaijan it is an internationally regulated, offshore broker rather than one overseen by the National Bank of Georgia, AFSA/ARDFM or CBAR. The protections that apply — client-money segregation, compensation arrangements and complaint rights — depend on which entity actually holds your account. Before depositing, identify the legal entity in your client agreement, confirm it on the matching public register (ASIC, CySEC, FSCA or DFSA), and check that the licence is active for the services you intend to use.

Swap-free account

FP Markets offers a swap-free account option, removing the overnight swap (rollover interest) that applies on a standard account. This is a neutral, factual product feature: positions held past the daily cut-off are not charged or credited that interest, which can suit traders who hold positions for several days and want to avoid accumulating financing costs.

Confirm the account is genuinely free of replacement costs rather than swap-free in name only. Check whether an administration or handling fee, wider spreads on the swap-free account, or a holding-period limit reintroduces the cost in another form. The label tells you the overnight swap is removed; it does not tell you what, if anything, replaces it. Confirm the exact swap-free terms, eligible instruments and any fees directly with FP Markets for your country before relying on the label.

Platforms

FP Markets supports a broad platform line-up: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and TradingView. MT4 and MT5 cover the familiar MetaTrader workflow with Expert Advisors and a large indicator ecosystem; cTrader appeals to traders who value its order execution and depth-of-market tools; and TradingView suits those who prefer to analyse and trade from its charting environment.

Offering cTrader and TradingView alongside MetaTrader is a meaningful differentiator, since several brokers in this cluster stop at MT4/MT5. The platform itself does not change pricing or your swap-free treatment — those are set by the broker and account type — so pick the platform that matches how you analyse and execute, and test it on a demo account first. The availability of each platform can depend on the entity serving your country.

Account types & funding

FP Markets is known for raw ECN-style pricing aimed at active traders, with the swap-free option available on eligible accounts. The actual spreads, commissions, leverage limits and minimum deposit depend on the account type, the entity serving you and the instrument, and they change over time — check the current figures on the broker's own site rather than relying on a figure from elsewhere. We do not quote spreads or minimums here.

Funding and withdrawal methods, timings and fees vary by entity and currency. Traders in our markets typically fund through international cards, bank transfers or e-wallets, usually via a USD or EUR base account rather than direct lari, tenge or manat, so expect conversion if your account currency differs. In Kazakhstan some card issuers decline forex payments, and in Azerbaijan AZN transfer caps limit deposit size — confirm both the broker's methods and your own bank's limits before depositing.

Who it suits

FP Markets suits active traders who want a long operating history — it has run since 2005 — strict-tier regulation, raw ECN-style pricing and platform breadth, including cTrader and TradingView. It is one of the more strongly regulated and longest-established brokers on our shortlist.

On country coverage, FP Markets is featured in our broker reviews and comparisons across the region, but its acceptance of individual Caucasus and Central-Asia markets is not yet confirmed in our research, so we do not assert that it serves Georgia, Kazakhstan or Azerbaijan specifically. Before relying on it, check FP Markets' own signup country-selector for your country, and remember that the entity serving you may be an offshore one — verify it on the register before depositing.

How to verify before depositing

Start by confirming, on FP Markets' own site, that it accepts clients from your country at all — our research has not confirmed acceptance for Georgia, Kazakhstan or Azerbaijan, so this is the first gate. Then identify the legal entity that would serve you (named in the client agreement and site footer), search it on the matching public register (ASIC, CySEC, FSCA or DFSA), and confirm the licence is active for the services you want. Do not read the DFSA licence as local oversight for our markets.

Next, confirm the swap-free terms in writing if you need them: that swaps are removed without a substitute charge, plus any administration fees and holding limits. Finally, check the current spreads, minimum deposit and the deposit/withdrawal methods for your currency on FP Markets' own site. If any point cannot be verified — including acceptance of your country — treat it as a reason to wait rather than proceed, and remember most retail CFD accounts lose money.

Pros & cons

Frequently asked questions

Is FP Markets regulated and safe?

FP Markets holds ASIC, CySEC, FSCA and DFSA licences and has operated since 2005 — all strict-tier, searchable authorities. None is a local regulator in Georgia, Kazakhstan or Azerbaijan, so it is an offshore broker for our region; the DFSA (Dubai) licence is one of several strict-tier licences, not local supervision. Confirm which entity holds your account on the relevant register before depositing. Trading is high-risk and you can lose capital.

Does FP Markets offer a swap-free account?

Yes. FP Markets offers a swap-free account option that removes overnight swap (interest) on eligible accounts — a neutral product feature. Verify the exact terms, including any administration fees, eligible instruments and holding-period limits, directly with FP Markets for your country before relying on the label.

What platforms does FP Markets offer?

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader and TradingView, with raw ECN-style pricing. MT4/MT5 suit MetaTrader users and Expert Advisors, cTrader suits depth-of-market traders, and TradingView suits chart-driven traders. Test your chosen platform on a demo before funding a live account.

Can I use FP Markets in Georgia, Kazakhstan or Azerbaijan?

Our research has not confirmed that FP Markets accepts clients in Georgia, Kazakhstan or Azerbaijan, so check its own signup country-selector before relying on it. Trading is legal for residents in all three markets, but FP Markets would be an offshore broker rather than a locally supervised one, and you should verify the serving entity before depositing.

What is the minimum deposit at FP Markets?

The minimum deposit varies by account type, entity and currency and changes over time, so we do not quote a fixed figure. Check the current minimum and funding methods for your country on the FP Markets website before opening an account.