FP Markets is built for low-cost trading, with a Raw account that competes with the best ECN brokers.
| Account | EURUSD spread | Commission | Min deposit | |
|---|---|---|---|---|
| Standard | from 1.0 | None | $10 | Open Account |
| Raw ★ | from 0.0 | $3/side | $10 | Open Account |
At ~$6 round turn on EURUSD with a $10 entry, FP Markets is one of the cheapest and most accessible tier-1-regulated ECN brokers available.
How does FP Markets compare with two other top ECN brokers?
| Feature | FP Markets | IC Markets | Pepperstone |
|---|---|---|---|
| Raw EURUSD | 0.0 | 0.0 | 0.0 |
| Commission | $6 round turn | $7 | $7 |
| Min deposit | $10 | $200 | $0 |
| Regulation | ASIC·CySEC | ASIC·CySEC·FSA | ASIC·FCA·CySEC·DFSA |
| Instruments | 10,000+ | 2,250+ | 1,200+ |
| Trustpilot | 4.8/5 | 4.8/5 | 4.6/5 |
Verdict: FP Markets matches IC Markets on Trustpilot, beats it on round-turn commission and instrument count, and has the lowest entry of the three. It’s a genuinely top-tier ECN broker — an excellent all-round choice.
FP Markets is a multi-award-winning ECN forex and CFD broker founded in Australia in 2005, with over 20 years of operating history. It’s regulated by ASIC and CySEC (plus FSCA, FSA and SVG) and is consistently rated one of the best brokers for low costs and execution.
What stands out: raw spreads from 0.0 pips with a $3-per-side commission (~$6 round turn — cheaper than most rivals), 10,000+ instruments, four platforms (MT4, MT5, cTrader and full TradingView integration), copy trading, a low $10 minimum, and an outstanding 4.8/5 Trustpilot score across 10,000+ reviews (94% 5-star).
What to weigh: Standard-account spreads (1.0 pip) aren’t as tight as the Raw account, the headline 1:500 leverage applies only to the global entity (ASIC/CySEC clients get 1:30), and there’s no proprietary desktop platform. US clients aren’t accepted.
Bottom line: FP Markets is a genuinely top-tier ECN broker — excellent regulation, among the lowest costs, the widest instrument range and a stellar review record. For active traders, scalpers and algo traders, it’s one of the best all-round choices available.
Key questions about FP Markets — regulation, raw-spread pricing, platforms, leverage and instruments.