AustraliaRegulationASIC, CySEC, Santa Lucia
Min. deposit$100
Leverage1:1 – 1:500
PlatformsMT4, MT5, cTrader, IRESS
InstrumentsForex & CFDs
Founded2005
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at FP Markets.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
No FCA license
No UK FCA authorization; UK retail clients without FSCSEuropean Union
CySEC + ICFECN
First Prudential Markets Ltd (CySEC 371/18) — ICF up to €20,000United States
Not served
No CFTC/NFA registrationAustralia
ASIC no schemeECN
First Prudential Markets Pty Ltd (AFSL 286354) — tier-1 but no compensation schemeRest of the world
Offshore Seychelles/SVGECN
First Prudential Markets Ltd (FSA Seychelles SD 130) offshore; FP Markets LLC (SVG) with no forex regulationAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Standardno commission, spreads from 1.0 pip (MT4/MT5)
Raw/ECNfrom 0.0 pip + commission $6/lot round-turn (MT4/MT5)
IRESS (DMA)global stocks/ETFs, exchange-based commissions
Pros
✓Competitive costs
Cons
✗No tier-1 regulation (offshore)
✗Withdrawal complaints / confiscation
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Offshore6/22 pts
Why: ASIC 286354 + CySEC 371/18 for AU/EU, BUT the bulk of the world's retail signs with FP Markets Ltd (St. Lucia, reg.2025-00853) = REGISTERED, NOT REGULATED for forex
Withdrawals / payments: Delays / complaints4/20 pts
Why: systemic tail: the risk team flags 'abusive trading' and VOIDS profits + closes winning accounts ($37,596 canceled, account moved to St. Lucia the same day); the aggregate Trustpilot 4.8 masks it
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated (clause 20.1 STL); the St. Lucia entity has no compensation scheme
Transparency: With caveats5/10 pts
Why: 'Orange Compliance' listing by FinTelegram over the offshore mutation (1:500 to EU residents); very broad 'abuse' clause
Reputation: Mixed5/10 pts
Why: founded 2005; Trustpilot 4.8 but with a pattern of voiding profits on winning accounts
Costs: Competitive8/8 pts
Why: Raw EURUSD ~0.0-0.2 pip + $6 round-turn, XAUUSD ~0.09 raw; min $100
Flags detected
🚩[regulation] offshore -> ASIC 286354 + CySEC 371/18 for AU/EU, BUT the bulk of the world's retail signs with FP Markets Ltd (St. Lucia, reg.2025-00853) = REGISTERED, NOT REGULATED for forex
🚩[withdrawals] delays -> systemic tail: the risk team flags 'abusive trading' and VOIDS profits + closes winning accounts ($37,596 canceled, account moved to St. Lucia the same day); the aggregate Trustpilot 4.8 masks it
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 CySEC registration — First Prudential Markets (371/18)🔗 FSA Seychelles — Capital Markets (First Prudential Markets)🔗 FP Markets — regulation pageTrader reviews
Real experiences with FP Markets. Comments go through moderation before being published.
No reviews yet. Be the first.