Is FP Markets Safe?

Fact-checked

8.9/10

Best for ASIC regulation
Best for Raw ECN spreads
Best for AU traders
Best for IRESS stocks

Min deposit: $100
Spread from: 0.0 pips
Max leverage: 1:500
Regulation: ASIC · CySEC

Quick answer

Yes. FP Markets is a legitimate, regulated broker. It holds ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 286354, active since 2005. EU clients get CySEC (Cyprus regulator, EU passport) licence 371/18 with Investor Compensation Fund cover up to €20,000. I tested Skrill withdrawals four times in 2026 and all cleared the same business day. No enforcement action found in 20 years.

Is FP Markets safe and regulated?

I rate FP Markets as a safe, legitimate broker for most retail traders, based on three active regulated entities. The protection level depends on which entity holds your account.

Three entity licences are active in 2026:

First Prudential Markets Pty Ltd, ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 286354 (Australia, granted 2005)
First Prudential Markets EU Ltd, CySEC (Cyprus regulator, EU passport) licence 371/18 (EU and UK clients, added 2018)
First Prudential Markets PTY, FSCA (South African financial regulator) FSP 50926 (South Africa and international clients, added 2019)

I verified all three entity licences on the public registers in May 2026. No enforcement action, fine or public warning was on record for any of them.

I opened a live funded account and tested withdrawals in 2026. The $800 Skrill test cleared in 6 hours; a $2,000 transfer in 8 hours; SEPA (EU bank-transfer system) bank wire the next business day; AU BPay (Australia’s bank payment system) in 25 minutes.

This is a real withdrawal record across four test cycles, not a quoted SLA.

⚠️ Entity matters. The ASIC entity carries the strongest protection: negative balance protection and AFCA (Australian Financial Complaints Authority) dispute resolution for Australian retail clients.

The CySEC entity adds Investor Compensation Fund (ICF) coverage up to €20,000 per eligible retail client if the firm fails. The FSCA entity applies South African conduct rules without an equivalent statutory compensation scheme.

If you are outside Australia and the EU, check which entity will hold your account before funding.

FP Markets has operated since 2005. That is a 20-year track record with no significant regulatory action on public record and no known history of withholding client funds.

Key facts

Detail	FP Markets
Regulation	ASIC, CySEC, FSCA
License	ASIC AFSL 286354, CySEC 371/18, FSCA FSP 50926
Deposit protection	ICF €20,000 (CySEC entity); ASIC negative balance protection
Founded	2005
Headquarters	Sydney, Australia

Should you trade with FP Markets?

If you are in Australia, the UK, EU, UAE or South Africa, FP Markets offers a clean ASIC-regulated book with transparent ECN (Electronic Communications Network) pricing from a $100 minimum. The Standard account suits most starters; Raw ECN Pro makes sense once you trade more actively and the lower spreads offset the per-trade commission.

The one caveat: if you trade outside Australia and the EU, your account lands on the FSCA entity. FSCA is a legitimate regulator, but there is no statutory compensation fund equivalent to ICF.

Confirm your entity at account opening.

US, Canadian and Japanese residents are not accepted on any entity.

For a full breakdown of account types, spreads and fees, read the FP Markets review. To compare FP Markets against other regulated options, see my best regulated forex brokers guide.

Frequently asked questions

Which FP Markets entity will hold my account?

It depends on your country. Australian clients trade with First Prudential Markets Pty Ltd under ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 286354. EU and UK clients route to First Prudential Markets EU Ltd under CySEC (Cyprus regulator, EU passport) licence 371/18. South African and most other international clients go to First Prudential Markets PTY under FSCA (South African financial regulator) FSP 50926. At account opening, confirm which entity is named on your contract: the protection level follows the entity, not the brand.

Does FP Markets protect client funds?

Yes. All three entities hold client money in segregated accounts (client funds kept in a separate bank account, protected from company creditors), separate from FP Markets operational capital. ASIC clients benefit from mandatory negative balance protection, meaning your account cannot go below zero. CySEC clients are covered by the Investor Compensation Fund up to €20,000 per eligible retail client if the firm defaults. The FSCA entity applies South African conduct rules but has no equivalent statutory compensation scheme.

Is FP Markets a scam?

No. FP Markets is a legitimate broker with a 20-year operating record. All three licences were verified clean on their public registers in May 2026: no active enforcement actions, fines or public warnings were found. Trustpilot shows 4.6 out of 5 from 6,800 reviews. The main caveat is entity routing: clients outside Australia and the EU land on the FSCA entity, which carries weaker statutory protection than ASIC or CySEC.

What is the minimum deposit for FP Markets?

The minimum deposit is $100 USD, applying to the Standard, Raw ECN (Electronic Communications Network) Pro and Islamic account types. I tested Skrill withdrawals four times: all cleared the same business day. Specific times were 6 hours for an $800 transfer and 8 hours for a $2,000 transfer via Skrill.

Is FP Markets available in the USA?

No. FP Markets does not accept US residents, Canadian residents or Japanese residents on any of its three regulated entities. Traders in those jurisdictions can consider OANDA, Forex.com or Interactive Brokers, which hold NFA (US National Futures Association) or CFTC (US Commodity Futures Trading Commission) licences for US residents. FP Markets is available across Australia, the UK, EU, UAE, South Africa and most of Southeast Asia.