FP Markets review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
Key facts
- Best for
- Traders who put account safety and regulation ahead of a small minimum deposit.
- Minimum deposit
- A$100 (Source, checked September 26, 2026)
- Markets
- Forex, CFDs (Source, checked September 26, 2026)
- Regulators
- ASIC, SIPC (Source, checked September 26, 2026)
- Investor protection
- SIPC up to USD 500,000 (Source, checked September 26, 2026)
- Retail accounts that lose money
- 72.5% (Source, checked September 26, 2026)
- Legal entity
- RB INTERNATIONAL MARKETS (USA) LLC (Source, checked September 26, 2026)
- Official website
- fpmarkets.com
Pros and cons
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
The company behind it
The US-facing side of the business trades as RB INTERNATIONAL MARKETS (USA) LLC. That same entity holds the SIPC membership recorded as SIPC member 71021, and the protection stated for it is SIPC up to USD 500,000. The Australian side of the group sits under ASIC. The practical point for a client is that one named legal entity carries the membership, so the paperwork and the protection line up rather than sitting with an unnamed group company.
How FP Markets compares
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Where FP Markets is available
- Available
- Everywhere except United States
- Licence in Australia
- ASIC, checked September 26, 2026
- Licence in United States
- SIPC (SIPC member 71021), checked September 26, 2026
Frequently asked questions
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
Who regulates FP Markets?+
The group is regulated in Australia and the US, and the US side is named in the licences as SIPC member 71021. The Australian side is regulated by ASIC, so the regulation sits with the entity you actually hold the account with.
What markets can I trade at FP Markets?+
The market list is forex and cfds, which is a narrow range. If you also want shares, ETFs or crypto, this broker will not cover those. eToro lists a much wider set, stocks, etfs and forex, for comparison.
What are the account fees?+
The published account fee figures are not broken out for this brand, and the site account fee median across brokers is €0. Check the broker's own pricing before opening, because the group covers more than one regulated entity.
How much of the retail money is lost?+
Retail accounts that lose money run at 72.5% here, against a site median of 70.15%. That is a market-wide pattern rather than a fault in the account, and it is worth weighing before funding it.
Where does FP Markets rank on minimum deposit?+
On minimum deposit it ranks at 145 out of 213 brands compared. The top end of that field starts at €0, so the AUD 100 asked here puts the brand well down the list on entry cost.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Investor protection, Legal entity, Licences
“reportingFileNumber=68761; name=RB INTERNATIONAL MARKETS (USA) LLC”
- brokerchooser.com/broker-reviews/fp-markets-review/how-to... checked September 26, 2026
Backs: Retail accounts that lose money, Markets
“72.5% of retail CFD accounts lose money”
- fxscouts.ng/broker/fpmarkets checked September 26, 2026
Backs: Minimum deposit
“each with a minimum deposit of AUD 100 - Standard Account and Raw Account”
- leadiq.com/c/fp-markets-first-prudential-markets/5a1d7dfc... checked September 26, 2026
Backs: Regulators
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Account fee, Inactivity fee.
FP Markets
Traders who put account safety and regulation ahead of a small minimum deposit.