FP Markets
Pros
- Raw ECN account with spreads from 0.0 pips and $6 round-turn commission
- Regulated by ASIC and CySEC with client funds in segregated accounts
- 10,000+ tradeable instruments including forex, stocks, indices, and commodities
- Choice of MetaTrader 4, MetaTrader 5, cTrader, TradingView, and Iress
- No deposit, withdrawal, or inactivity fees
- Free demo account with USD 100,000 in virtual funds
- Negative balance protection under ASIC and CySEC entities
- 24/7 multilingual customer support
Cons
- Not FCA-regulated; UK traders are served through a less protective entity
- Iress platform incurs a monthly fee unless minimum commission thresholds are met
- Demo accounts expire after 30 days of inactivity
- Research and educational content trails some larger competitors
- Not available to residents of the United States, Japan, or New Zealand
- Standard account spreads are wider than the Raw account average all-in cost