FP Markets Review: Licences, Withdrawals, Islamic Terms
Verified facts
| Founded | 2005 |
| Minimum deposit | $100 |
| EUR/USD spread from | 0.0 pips (Raw account, MT4/MT5/cTrader; commission US$3 per 100k lot each way); 1.0 pips (Standard account, zero commission) |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, Iress, FP Markets mobile app |
| Withdrawal methods | Bank wire (domestic and international), Credit/debit card (Visa, Mastercard), E-wallets (Skrill, Neteller), Crypto wallets |
| Crypto deposits/withdrawals | Yes |
Open account
Withdrawal speed: claim vs. measured
| Broker-published claim | Measured by us |
|---|
| Enjoy Skrill and Neteller withdrawals in one business day. [Source] | Testing in progress |
Islamic account: published terms vs. audit
| Availability | Broker-published claim | Measured by us |
|---|
| Yes | Swap-free available on both Raw and Standard accounts across MT4, MT5 and cTrader; min opening balance US$100. No swap/interest on overnight positions; instead an administration fee is charged on positions and deducted from the account balance. 'No administration fee for five days on selected instruments' (grace period). Conversion is by email request to the onboarding team. Exact administration-fee amounts are not published. [Source] | Testing in progress |
Maximum leverage by entity
| Regulation | Leverage | Source |
|---|
Multiple
Group-wide figure as published (no per-entity breakdown) | Up to 1:500 on Standard and Raw accounts, from 1:1 depending on instrument | Source |
Published spreads
| Broker | Platforms | Claim | Source |
|---|
| EURUSD | Raw | 0.11 average (0.0 minimum) (average) | Source |
| EURUSD | Standard | 1.21 average (average) | Source |
| GBPUSD | Raw | 0.33 average (0.0 minimum) (average) | Source |
| GBPUSD | Standard | 1.43 average (average) | Source |
| USDJPY | Raw | 0.71 average (0.1 minimum) (average) | Source |
| USDJPY | Standard | 1.81 average (average) | Source |
| XAUUSD | Raw | 0.12 average (0.04 minimum) (average) | Source |
| XAUUSD | Standard | 0.25 average (average) | Source |
Gulf funding and account currency
| mada | Not published |
| KNET | Not published |
| UAE local bank | Not published |
| AED account | Yes |
AED is a published account funding currency (alongside AUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, CAD, JPY, PLN, CZK); SAR is not. The UAE funding page accepts card deposits in AED and SAR, and Apple Pay / Google Pay in AED, SAR, KWD, BHD, QAR, OMR and JOD — these are processing currencies, not local Gulf schemes.
Scalping, Expert Advisors and hedging
| For Scalping | Yes |
| Expert Advisors | Yes |
| Hedging | Yes |
Regulation and license numbers
| Regulation | License no. | Official register |
|---|
| ASIC (Australia) | AFSL 286354 (First Prudential Markets Pty Ltd, ABN 16 112 600 281) | Source |
| FSA Seychelles (Seychelles) | SD130 (First Prudential Markets Limited) | Source |
| FSCA (South Africa) | FSP 50926 (FP Markets (Pty) Ltd) | Source |
| FSC Mauritius (Mauritius) | GB21026264 (FP Markets Ltd) | Source |
| CySEC (Cyprus) | 371/18 (First Prudential Markets Ltd, reg. HE 372179) | Source |
