title: "FP Markets Review: The Undisputed King of ASIC Regulation" description: "Australian brokers dominate the retail forex industry, and FP Markets is one of the oldest and most respected. We review their DMA pricing model and Iress platform." author: "AlphaTradeCircle Research Team" date: "2026-06-21"

FP Markets

Trust Score: 92/100Regulated in ASIC, CySEC

Min Deposit$100

EUR/USD Spread0.1 pips

Max Leverage1:500

PlatformsMT4, MT5, cTrader

"FP Markets is a well-established broker with a strong reputation in the global forex and CFD market...."

Visit FP Markets

FP Markets Review: The Undisputed King of ASIC Regulation

When professional traders look for a new broker, they almost always look toward Australia.

Due to the incredibly strict regulatory oversight of the Australian Securities and Investments Commission (ASIC), Australian brokers are globally recognized as the safest, most transparent financial institutions in the retail sector.

While IC Markets and Pepperstone usually grab the headlines, there is a third Australian heavyweight that has been quietly dominating the industry since 2005: FP Markets.

FP Markets (First Prudential Markets) is not a flashy, aggressive startup. They are a deeply established, institutional-grade broker that caters specifically to advanced traders looking for Direct Market Access (DMA) to global equities and raw ECN forex execution.

But does their legacy technology hold up against modern competitors? In this comprehensive review, we are going to break down their ECN Raw account, analyze their massive global equities library, and determine if FP Markets deserves your personal capital.

Ready to trade with a strictly regulated Australian powerhouse? Open your FP Markets Account Here.

1. The ECN Raw Account: 0.0 Pip Spreads

Most retail brokers only offer a few dozen highly popular American stock CFDs (Apple, Tesla, Amazon). FP Markets offers an absolutely staggering 10,000+ tradable equities from global exchanges (US, UK, Europe, Australia, and Asia).

To access this massive library, you do not use MetaTrader. You use the Iress Platform.

What is the Iress Platform?

Iress is an institutional-grade trading platform designed explicitly for Direct Market Access (DMA) equity trading. When you trade a stock CFD on Iress, your order is routed directly into the physical order book of the underlying exchange (like the NYSE or the ASX). You are not trading a synthetic contract created by the broker; you are trading real global liquidity.

Iress features advanced Level-2 market depth, real-time exchange pricing, and complex institutional order types that are simply not available on standard retail platforms. If you are a serious day trader focusing on global stocks, FP Markets' Iress offering is virtually unmatched in the retail space.

3. MetaTrader and cTrader Execution

If you do not trade global equities and simply want to scalp Forex, FP Markets offers flawless integration with MT4, MT5, and cTrader.

Similar to IC Markets, FP Markets hosts their MetaTrader servers in the Equinix NY4 data center. This strategic server placement ensures ultra-low latency execution (frequently under 40 milliseconds).

Furthermore, if you trade more than 10 lots per month on a standard account, or 20 lots on a Raw account, FP Markets will sponsor a Free VPS (Virtual Private Server) for you. This allows you to host your Expert Advisors (EAs) directly on a server located immediately next to the liquidity providers, ensuring 24/7 uptime and zero-latency execution even if your home computer is turned off.

4. Unshakeable Regulation

The core identity of FP Markets is safety. They have been operating for nearly two decades without a single regulatory scandal.

• ASIC (Australia): Their primary regulator. ASIC enforces draconian compliance laws, mandating segregated trust accounts at tier-1 Australian banks (Commonwealth Bank of Australia).
• CySEC (Cyprus): Ensuring full compliance with all European Union financial directives (MiFID II).
• FSCA (South Africa) & FSA (Seychelles): Providing flexible leverage options for global clients outside the EU/AUS jurisdictions.

When you deposit funds into an ASIC-regulated entity, your money cannot legally be used for hedging, operational expenses, or proprietary trading. The broker acts solely as an execution intermediary.

5. Final Verdict: The Underrated Titan

While IC Markets often receives more aggressive marketing, FP Markets is arguably just as powerful, and in some areas, significantly better.

Their $6.00 round-trip commission is mathematically cheaper than almost all of their major ECN competitors. Their Equinix NY4 servers provide the exact same sub-40ms execution latency. And if you trade global stocks, their Iress platform completely obliterates the equity offerings of standard Forex brokers.

If you want the safety of a nearly 20-year-old Australian brokerage combined with elite, 0.0 pip execution, FP Markets is an absolute powerhouse.

👉 Ready to trade with the oldest and safest broker in Australia?
Open your FP Markets Raw Account Here.