Written by Angelo Martins
Edited by David Johnson
Fact checked by Alexandreas Kourris
Human moderated by Jason Peterson
Last updated January 2025
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Live Spreads

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We analyze the combined spread and commission cost averaged over time. The table above displays combined spread and commission costs sampled from live accounts using our spread analyzer tool. To compare FP Markets to other brokers or symbols than the ones shown, click the orange edit button and select new brokers or symbols.

The spread is the difference between the bid (sell) and ask (buy) price of an asset. Commission is also charged on top of the spread on some account types and constitutes an additional transaction cost.

FP Markets User reviews

4.3
(43 )
Ranked 51 out of 956 (Forex Brokers)
This rating is based on 39 reviews by users that proved they are real customers of this company. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

FP Markets Overall rating

4.6
Ranked 7 out of 956 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
4.5
3
Regulation
5.0
2
Pricing rating
4.8
1
Features
Not rated
1
Customer Support
Not rated
1

Regulation

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
First Prudential Markets PTY Ltd Professional Clients Only 30 : 1
First Prudential Markets Ltd up to €20,000 30 : 1
FP Markets Ltd 500 : 1
FP Markets (Pty) Ltd 500 : 1
First Prudential Markets Limited 500 : 1
FP Markets LLC
Saint Vincent and the Grenadines
500 : 1

Available Assets: Search all tradable instruments 

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The live symbol search above is taken from live accounts synced to our system.

CFDs (Contracts for Difference) allow traders to speculate on the price movement of various assets without owning the underlying asset. This can provide leverage and flexibility but can also increase risk.

Live Swap Rates

Swap Rate: Long Position
Swap Rate: Short Position
Swap Rate Calculation Method
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Data from the table above is taken from live accounts using our swap rate analyzer tool. To compare the swap rates of different brokers or symbols than the ones shown, click the orange edit button. 

Swap rates, also known as financing fees, are charged by brokers for holding positions overnight. These fees can either be positive or negative. Positive swap rates pay out to the trader, while negative swap rates incur a cost. 

FP Markets Profile

Company Name First Prudential Markets Pty Ltd / First Prudential Markets LLC
Categories Forex Brokers, Forex Rebates
Primary Category Forex Brokers
Year Founded 2005
Headquarters Australia
Office Locations Australia
Account Currency AUD, CAD, CHF, EUR, GBP, JPY, PLN, SGD, USD, ZAR, HKD, BRL, MXN
Support Languages Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese, Czech
Funding Methods Bank Wire, Bitcoin, BPAY, Broker to Broker, Credit/Debit Card, FasaPay, Giropay, Neteller, PayPal, Perfect Money, POLi, Skrill, Sofort, TrustPay, Local Bank Transfer, Ethereum, NganLuong.vn, Rapid Transfer, Tether (USDT), PayRetailers, DragonPay, Ripple, Crypto wallets, PayTrust88, PSP, Plusdebit / MOMO QR code, Plusdebit / QR Code, Thuderxpay, Apple Pay, Googlepay, Pay Retailers , XPAY, Rupee Payments, Virtual Pay
Financial Instruments Forex, Shares, Indices, Bonds, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries Iran, United States
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

FP Markets Promotions

FP Markets User reviews

4.3
(43 )
Ranked 51 out of 956 (Forex Brokers)
This rating is based on 39 reviews by users that proved they are real customers of this company. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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FP Markets Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Standard Raw
Forex0.45 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
0.15 Pips Monthly Cash Back
37.50% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
12.50% Of Commissions Paid Monthly Cash Back
Metals0.45 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
0.15 Pips Monthly Cash Back
37.50% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
12.50% Of Commissions Paid Monthly Cash Back
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Commission reduction
By opening your account through us you'll trade on lower commissions!
  Standard
Forex 0.45 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
0.15 Pips Monthly Cash Back
Metals 0.45 Pips Monthly Cash Back
--OR--
0.30 Pips Spread Reduction +
0.15 Pips Monthly Cash Back
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Spread Reduction
By opening your account through us you'll trade on lower spreads!
  Raw
Forex 37.50% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
12.50% Of Commissions Paid Monthly Cash Back
Metals 37.50% Of Commissions Paid Monthly Cash Back
--OR--
25.00% Direct Commission Reduction +
12.50% Of Commissions Paid Monthly Cash Back
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
Commission reduction
By opening your account through us you'll trade on lower commissions!

Notes

25.00% Of Commissions Paid is based on account currency:
$1.75 AUD, CAD, SGD, $1.50 USD, €1.375 EUR, £1.125 GBP, $10 HKD, ¥125 JPY, R$7.50 BRL, $27 MXN, R27 ZAR, ₣1.50 CHF, zł6.10 PLN.
New ASIC regulated accounts are only eligible for rebates by Professional clients.
Applications are not accepted from U.S, Japan, Belgium or New Zealand residents.
Rebates are:
  • not paid for accounts registered with CySEC entity
  • not paid for Tradingview and cTrader accounts if copy trading system is used
  • converted to USD upon trade close

What are FP Markets rebates?

FP Markets rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do FP Markets rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much FP Markets rebates can I earn?

Use our forex rebate calculator to estimate your FP Markets rebate earnings:

 
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FP Markets Symbols

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