Desk file · 2026 edition · record confidence: high
FP Markets
We opened the file on FP Markets the way we open every file: register first, marketing never. Trading since 2005, run out of Sydney, Australia, and carrying 5 licence entries on the public record, 1 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| ASIC | AFSL 286354 | Australia | T1 | First Prudential Markets Pty Ltd | fpmarkets.com |
| CySEC | 371/18 | Cyprus | T2 | First Prudential Markets Ltd | cysec.gov.cy |
| FSCA | FSP 50926 | South Africa | T2 | FP Markets (South Africa) | fpmarkets.com |
| FSA Seychelles | SD130 | Seychelles | T3 | First Prudential Markets Limited | fpmarkets.com |
| CMA Kenya | 193 | Kenya | T2 | FP Markets (Kenya) | fpmarkets.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- FP Markets states it was established in 2005 and its Australian entity First Prudential Markets Pty Ltd holds ASIC Australian Financial Services Licence 286354.
- The group also lists CySEC licence 371/18 held by First Prudential Markets Ltd, FSCA South Africa FSP number 50926, Seychelles FSA licence SD130 and Capital Markets Authority of Kenya licence 193.
- FP Markets' regulation page states a minimum deposit of $100 to open a live account.
- The company states retail client funds are kept separate from firm capital and held with banks, and that its accounts are externally audited.
- FP Markets offers MT4, MT5, cTrader, TradingView and the Iress platform for share CFDs.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- maximum leverage
- EUR/USD spread
- negative balance protection
- exact Seychelles and Kenya entity names
| Founded | 2005 |
| Head office | Sydney, Australia |
| Minimum deposit | $100 |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 1 |
| Record confidence | high |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.