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FP Markets review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

FP Markets is a broker for active traders who want an Australian regulated firm with a US protection scheme behind the account and a small entry deposit. It covers forex and cfds, the minimum deposit is AUD 100, and 72.5% of retail accounts lose money.

Key facts

Best for
Active forex and CFD traders comparing regulated brokers with a modest entry deposit.
Minimum deposit
A$100↗
Markets
Forex, CFDs↗
Regulators
ASIC, SIPC↗
Investor protection
SIPC up to USD 500,000↗
Retail accounts that lose money
72.5%↗
Legal entity
RB INTERNATIONAL MARKETS (USA) LLC↗
Official website
fpmarkets.com

Facts checked September 26, 2026, 4 sources

Pros and cons

Pros

  • Minimum deposit of AUD 100 against a typical €22.58 across forex brokers.
  • Regulated by ASIC and SIPC, with protection of SIPC up to USD 500,000.
  • A named contracting entity, RB INTERNATIONAL MARKETS (USA) LLC, listed as SIPC member 71021.

Cons

  • Leveraged trading risk runs high: 72.5% of retail accounts lose money, near the 72.13% across the category.
  • The product list is forex and cfds, so there is no share dealing or fund platform alongside it.
  • CFI opens at $0, so FP Markets asks for more before you can trade.
FP Markets

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Active traders who hold Australian dollars and can fund AUD 100 to trade forex and CFDs.
  • Anyone who wants to know which company holds the balance: RB INTERNATIONAL MARKETS (USA) LLC.
  • Traders who want ASIC regulation alongside US cover of SIPC up to USD 500,000.

Who should look elsewhere

  • Anyone starting from nothing: CFI takes $0.
  • People after everyday money handling rather than leveraged trading: bunq opens at €10.
  • Anyone wanting a Mexican regulator instead of ASIC and SIPC: Fiesta Credito MX is listed with CONDUSEF.

Deposit protection

Regulated by ASIC and SIPC, FP Markets shows an Australian registration alongside a US membership. The protection on offer is SIPC up to USD 500,000, and the US entry is recorded as SIPC member 71021. Both registrations relate to separate entities, so check which one covers the company named on your own account before depositing.

The company behind it

The contracting entity is RB INTERNATIONAL MARKETS (USA) LLC, and that same name is the one attached to SIPC member 71021. That tells you which legal company holds the balance and which registration covers it, which matters if you ever need to make a claim on a protection scheme or query how the account is run. Check the entity name matches the one on your own account documents.

How FP Markets compares

Where FP Markets is available

Available
Everywhere except United States
Licence in Australia
ASIC, checked September 26, 2026
Licence in United States
SIPC (SIPC member 71021), checked September 26, 2026

Frequently asked questions

How much do I need to deposit to start trading with FP Markets?+

The stated minimum deposit is AUD 100. Across the forex brokers compared here the typical figure is €22.58, and FP Markets sits at 148 of 218 brands on that measure. A modest balance is enough to open an account and place a position.

Is FP Markets regulated?+

FP Markets is regulated by ASIC and SIPC, which pairs an Australian registration with a US membership. The US entry is recorded as SIPC member 71021. Because the registrations sit with different entities, it is worth checking which one matches the account you open.

What protection applies to my money?+

The stated protection is SIPC up to USD 500,000, and it sits with the US side of the business, where the membership is recorded as SIPC member 71021. That is separate from losses on a leveraged position, so protection does not soften trading risk.

What can I trade on FP Markets?+

The listed markets are forex and cfds. That makes this a leveraged account for currency pairs and contracts for difference rather than a platform for buying shares or funds directly. Anyone wanting owned investments held in a brokerage account will need a different kind of provider.

How much do retail traders lose on this broker?+

The retail loss rate recorded for FP Markets is 72.5%, close to the 72.13% across forex brokers in the comparison. Losses at that level are common in leveraged trading, which is why the deposit size and position sizing matter more than the brand name.

Which company actually holds my balance?+

The contracting entity is RB INTERNATIONAL MARKETS (USA) LLC, and that name is the one attached to SIPC member 71021. Checking the entity printed on your own account documents against this name is the quickest way to confirm who holds the money.

Is FP Markets the cheapest broker to open an account with?+

On entry deposits, FP Markets asks AUD 100, CFI takes $0 and bunq opens at €10. Those are thresholds for opening an account, not trading costs, so spreads and commissions still need comparing separately. A low entry deposit does not make the running costs low.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Stock trade fee, Account fee, Inactivity fee.

FP Markets

FP Markets

Active forex and CFD traders comparing regulated brokers with a modest entry deposit.

8.9/10See alternatives