FP Markets review: is it safe for gold trading?
Founded 2005 · Sydney, Australia
- Score (other countries)
- 44 · D
- Best score
- 83 · Australia
- Tier 1–2 for you in
- 3 / 22 countries
- Trader Voice
- 94
- Platforms
- MT4 · MT5 · cTrader · TradingView
On this page
Is FP Markets safe?
FP Markets is a 21-year-old broker headquartered in Sydney, Australia. The group has 4 regulated companies (ASIC, CySEC, FSCA, FSA). How safe it is for you depends on which one opens your account: in 3 of the 22 countries we cover that is a Tier 1–2 regulated company. Elsewhere it is First Prudential Markets Ltd (Seychelles) (FSA, Tier 4 · light offshore).
Regulation and licences
| Company | Regulator | Regulator tier | Licence | Retail clients |
|---|---|---|---|---|
| First Prudential Markets Pty Ltd | Australian Securities and Investments Commission ↗ Australia | Tier 1 · strictest | Pending check | Yes |
| First Prudential Markets Ltd | Cyprus Securities and Exchange Commission ↗ Cyprus (EU) | Tier 2 · strong | Pending check | Yes |
| FP Markets (Pty) Ltd | Financial Sector Conduct Authority ↗ South Africa | Tier 2 · strong | Pending check | Yes |
| First Prudential Markets Ltd (Seychelles) | Financial Services Authority ↗ Seychelles | Tier 4 · light offshore | Pending check | Yes |
Each regulator name links to its own public register. Search the exact company name from your account agreement there before you deposit. How to verify a licence
Which company holds your account
FP Markets assigns clients to different companies depending on where they live. This is the company, regulator and score you would get in each country we cover.
| If you live in | Your account is held by | Regulator | Score | Rank |
|---|---|---|---|---|
| Other countries | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| United States | Not accepted | — | — | — |
| United Kingdom | Not accepted | — | — | — |
| EU / EEA | First Prudential Markets Ltd | CySEC T2 | A79 | 7 / 20 |
| Australia | First Prudential Markets Pty Ltd | ASIC T1 | A83 | 8 / 20 |
| Canada | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 11 / 20 |
| Singapore | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 11 / 20 |
| Malaysia | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 9 / 18 |
| Indonesia | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 9 / 19 |
| Thailand | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| Vietnam | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| Philippines | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| India | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| Japan | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 13 / 21 |
| Hong Kong | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 9 / 19 |
| UAE | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 13 / 18 |
| South Africa | FP Markets (Pty) Ltd | FSCA T2 | B63 | 4 / 18 |
| Kenya | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 9 / 18 |
| Nigeria | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| South Korea | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| Turkey | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| Mongolia | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
| Brazil | First Prudential Markets Ltd (Seychelles) | FSA T4 | D44 | 8 / 18 |
Scores are provisional until our cost, news-spread and withdrawal tests are in. T1 = strictest regulator tier, T5 = company registration only. Licence details pending register check.
Trading gold with FP Markets
- Platforms
- MT4, MT5, cTrader, TradingView
- Minimum gold order
- 0.01 lot (1 oz)
- Swap-free account
- Yes
- Minimum deposit
- $100
- Round-trip cost, 1 lot XAUUSD
- Not measured yet
- Spread widening at NFP
- Not measured yet
- Withdrawal time
- Not measured yet
- Overnight swap, 1 lot long
- Not measured yet
Cost, news-spread and withdrawal tests run on live accounts from our gold cost lab. Results appear here as each broker is tested. Gold pip value calculator · Margin calculator
Fees, deposits and withdrawals
What the broker publishes about deposits, withdrawals and fees. These are the broker’s own terms, collected from independent reviews and the broker’s pages, not our lab measurements.
- Minimum deposit
- None for standard accounts (1,000 for IRESS/DMA)
- Inactivity fee
- None
- Deposit fee
- None stated
- Withdrawal fee
- None from broker; processor fees may apply
- Withdrawal time
- Most processed within 1 business day; bank and card 2–10 business days to arrive
- Account types
- Standard · Raw (commission) · IRESS / DMA
- Raw account commission
- 6 USD per round-turn lot
- Payment methods
- Bank wire · Visa/Mastercard · Apple Pay · Google Pay · E-wallets · Cryptocurrency
- Offers MT4, MT5, cTrader and TradingView
Checked 2026-11-05. Terms change; confirm on the broker’s site before you deposit.
Regulatory record
Fine2026 · CySEC · First Prudential Markets Ltd
EUR 100,000 settlement over possible breaches of EU CFD restrictions (March 2022 – August 2025)
Source ↗
Fines and regulator orders in the last five years reduce the protection score: −4 each, up to −12. Self-reported breaches that were compensated, and public warnings, are shown but not scored.
Score breakdown
For clients in countries without a local licence (account held by First Prudential Markets Ltd (Seychelles)): 44 / 100 · Measured so far: 45 of 100 weight points
Protection you actually get · 35%
30- Your entity’s regulator (FSA) is Tier 4 (light offshore)+16
- Negative balance protection promised by the broker only+6
- Holds at least one Tier 1 licence in the group+6
- 21 years in business+6
- Regulatory fines or orders in the last five years (1)-4
Gold trading cost · 25%
Not measured yetExecution under stress · 15%
Not measured yetMoney in and out · 15%
Not measured yetPlatforms and gold conditions · 10%
95- MetaTrader 4+20
- MetaTrader 5+20
- TradingView+15
- cTrader+10
- 0.01-lot minimum order+15
- Swap-free account available+15
Pros and cons
Pros
- Retail clients can be served by Tier 1 regulated companies (ASIC).
- In 3 of the 22 countries we cover, your account would sit with a Tier 1–2 regulated company.
- Offers both MT4 and MT5.
- Can be traded directly from TradingView charts.
- Swap-free account available.
Cons
- Licence details come from the broker’s own pages; our register check is not finished.
- Clients outside its licensed countries are onboarded to First Prudential Markets Ltd (Seychelles) (FSA), a light offshore regulator.
What traders say
The Trader Voice score sits beside our expert score and is never mixed into it. It combines public review scores with ratings from our own readers.
Trader Voice
94
Expert score (other countries): 44
Our readers
No reader ratings yet. Be the first below.
What reviewers praise
- Fast, helpful support
- Patient, polite agents
- Live chat resolves issues quickly
What reviewers complain about
- Withdrawals pending for long periods in some cases
- Identity checks blocking accounts
- Stop-loss execution disputes
…
Trustpilot scores reflect who a broker invites to review, so we temper them with the share of one-star reviews. Reader ratings count after an account is 72 hours old; one rating per account per broker. Full methodology and data rules
Trader evidence
What readers report from their own accounts: how long withdrawals took, complaints whose evidence our editors checked, and corrections to our data. Nobody can pay to remove a complaint.
Median withdrawal time
—
No reports yet
Arrived within 24 hours
—
Verified complaints
0
0 resolved
…
Questions
Is FP Markets safe for gold trading?
FP Markets is a 21-year-old broker headquartered in Sydney, Australia. The group has 4 regulated companies (ASIC, CySEC, FSCA, FSA). How safe it is for you depends on which one opens your account: in 3 of the 22 countries we cover that is a Tier 1–2 regulated company. Elsewhere it is First Prudential Markets Ltd (Seychelles) (FSA, Tier 4 · light offshore).
Is FP Markets regulated?
Yes. First Prudential Markets Pty Ltd is regulated by Australian Securities and Investments Commission (Australia). First Prudential Markets Ltd is regulated by Cyprus Securities and Exchange Commission (Cyprus (EU)). FP Markets (Pty) Ltd is regulated by Financial Sector Conduct Authority (South Africa). First Prudential Markets Ltd (Seychelles) is regulated by Financial Services Authority (Seychelles). These details are from the broker’s legal pages and our register check is still pending.
Which countries does FP Markets not accept?
Of the countries we cover, FP Markets does not accept residents of United States, United Kingdom.
Does FP Markets offer MT4, MT5 or TradingView for gold?
FP Markets offers MT4, MT5, cTrader, TradingView. The minimum gold order is 0.01 lot.
Does FP Markets have a swap-free account?
Yes. Check the account terms: many swap-free accounts charge an admin fee once a position is held for a few days.
What is the FP Markets minimum deposit?
$100 on the standard account, according to the broker.
Alternatives
See also
Best brokers by country
Data checked: November 2026 · Sources: [1]
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ratings are our opinion, based on the data and rules described in the methodology. They are not investment advice.