BrokerSafari Evidence Score
This is an evidence-based editorial calculation, not a guarantee of safety, an account test or an investment recommendation. It uses only the structured research recorded for this broker, never another website’s rating.
| BrokerSafari Evidence Score | 6.4 / 10 — Fair |
|---|---|
| Evidence confidence | low |
| Evidence coverage | 76% |
| Assessed quality score | 7.6 / 10 |
| Evidence-gap penalty | 0.0 |
| Score before caps | 7.6 / 10 |
| Calculated score after caps | 6.4 / 10 |
| Regulation & Legal Entity | Weight 30%; coverage 66.7% (2/3 inputs). Quality 7.0 / 10; 21 / 30 weighted points before normalization and penalties. |
|---|---|
| Safety & Client Protection | Weight 20%; coverage 50% (2/4 inputs). Quality 8.0 / 10; 16 / 20 weighted points before normalization and penalties. |
| Transparency | Weight 15%; coverage 100% (4/4 inputs). Quality 7.9 / 10; 11.9 / 15 weighted points before normalization and penalties. |
| Fees & Trading Costs | Weight 10%; coverage 100% (4/4 inputs). Quality 8.3 / 10; 8.3 / 10 weighted points before normalization and penalties. |
| Deposits & Withdrawals | Weight 10%; coverage 60% (3/5 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties. |
| Trading Platform & Products | Weight 10%; coverage 100% (4/4 inputs). Quality 7.9 / 10; 7.9 / 10 weighted points before normalization and penalties. |
| Track Record & Independent Evidence | Weight 5%; coverage 100% (2/2 inputs). Quality 7.3 / 10; 3.7 / 5 weighted points before normalization and penalties. |
Quality uses only assessable inputs. Entirely unassessed categories are excluded and remaining category weights are normalized; missing evidence is not zero quality. Coverage separately measures assessed input weight out of 100%. A gap penalty of 0.0, 0.3, 0.7 or 1.2 is applied before regulatory caps. Source strength affects confidence, not a direct multiplication of the quality score.
Rating cap
6.4 / 10 — No relevant financial-services authorization is independently verified in the recorded context.
Why this score?
Verified strengths
- Regulation & Legal Entity — Account-serving legal entity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
- Trading Platform & Products — Platform identity and clarity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
Provider-disclosed evidence
- Regulation & Legal Entity — Relevant financial regulation: provider disclosed only. A disclosed regulatory reference is not independent confirmation of permission.
- Safety & Client Protection — Client-money segregation: disclosed.
- Safety & Client Protection — Investor-protection coverage: partial. Partial coverage is disclosed; independent account eligibility is not established.
- Transparency — Company transparency: medium.
- Transparency — Legal-document transparency: high.
- Transparency — Regulatory-disclosure transparency: medium.
- Transparency — Contact transparency: medium.
- Fees & Trading Costs — Spread transparency: high.
- Fees & Trading Costs — Commission transparency: high.
- Fees & Trading Costs — Overnight-fee transparency: medium.
- Fees & Trading Costs — Live trading-cost testing/corroboration: provider disclosed only.
- Deposits & Withdrawals — Deposit and withdrawal fee transparency: medium.
- Deposits & Withdrawals — Payment-method transparency: medium.
- Deposits & Withdrawals — Withdrawal-term transparency: medium.
- Trading Platform & Products — Mobile availability: disclosed.
- Trading Platform & Products — Trading-product transparency: medium.
- Trading Platform & Products — Platform testing: provider disclosed only.
- Track Record & Independent Evidence — Operating history: established.
Supplementary independent evidence
- Track Record & Independent Evidence — Independent-source documentation: weak. Weak independent sourcing; no operational performance is established.
Evidence gaps
- Regulation & Legal Entity — Regulatory warnings and enforcement: unassessed.
- Safety & Client Protection — Negative-balance protection: unassessed.
- Safety & Client Protection — Security controls: unassessed.
- Deposits & Withdrawals — Independent withdrawal testing/corroboration: unassessed.
- Deposits & Withdrawals — Verified withdrawal findings: unassessed.
Verified concerns
No verified adverse finding is recorded in these inputs. This is not a clean bill of health or continuous monitoring.
Broker Overview
FP Markets presents a global brand for forex and CFD trading. Its legal pages identify multiple operating companies, including First Prudential Markets Pty Ltd in Australia and entities associated with Cyprus, Seychelles, South Africa and Mauritius. These companies do not share one universal regulatory permission or customer-protection regime.
The official platform pages list MetaTrader 4, MetaTrader 5, cTrader, TradingView and WebTrader. Product and platform access can depend on the account company. Public fee pages describe Standard and Raw account structures, including variable spreads and platform-specific commissions.
FP Markets’ Australian page identifies First Prudential Markets Pty Ltd and AFSL 286354. We could not independently retrieve a current entity-specific ASIC record in this review; consequently the licence is provider-disclosed, not presented as a regulator-verified record. We link to ASIC’s public search portal so readers can confirm the current status directly.
This research is desk-based. We did not open an account, test live prices, measure slippage, contact support or request a withdrawal.
Source: FP Markets — legal documents and entities · Last Checked:
Source: FP Markets Australia — company information · Last Checked:
Regulation
FP Markets’ own legal documents state that the brand operates through several companies and list claimed regulators and licence identifiers. The Australian company, First Prudential Markets Pty Ltd, is shown with AFSL 286354. ASIC’s public register is the proper source to confirm current holder, status, authorised services and any conditions.
The public ASIC search portal was consulted, but a current entity-specific record could not be independently retrieved during this research. The Evidence Score therefore classifies regulation as provider-disclosed only. This is a limit in the evidence collected, not a finding that the firm is unlicensed.
FP Markets also lists other entities and regulators. Those claims must be checked one by one against the corresponding current authorities. A licence held by one company does not apply automatically to the other entities or customer accounts. No exhaustive warning or enforcement search was completed.
Source: FP Markets — provider legal-entity disclosure · Last Checked:
Source: ASIC — official professional-register search portal · Last Checked:
Legal Entities
The table reflects companies listed in FP Markets’ own legal materials. This is an entity disclosure list, not a claim that each licence is currently active or that each company serves a particular reader. Current register status should be checked with the regulator and exact account agreement.
| First Prudential Markets Pty Ltd | Australia. FP Markets discloses AFSL 286354; current ASIC record not independently retrieved in this review. |
|---|---|
| First Prudential Markets Ltd | Cyprus. FP Markets discloses CySEC licence 371/18; this review did not independently retrieve the live CySEC entity record. |
| First Prudential Markets Limited | Seychelles. FP Markets discloses FSA licence SD130; current status and scope not independently confirmed here. |
| FP Markets (Pty) Ltd | South Africa. FP Markets discloses FSCA FSP 50926; current status not independently confirmed here. |
| FP Markets Ltd | Mauritius. FP Markets discloses FSC licence GB21026264; current status not independently confirmed here. |
Source: FP Markets — legal documents · Last Checked:
Source: ASIC — public register search · Last Checked:
License Information
First Prudential Markets Pty Ltd
Authority: Australian Securities and Investments Commission (ASIC) (Australia). Licence identifier: AFSL 286354.
Evidence status: FP Markets identifies First Prudential Markets Pty Ltd and AFSL 286354 in its official legal and company pages. ASIC’s public search portal is linked, but a current entity-specific register result was not independently confirmed for this review; this is provider-disclosed, not a regulator-verified status.
Source: FP Markets — Australian company and licence disclosure · Last Checked:
The source column distinguishes the provider’s licence disclosures from independently verified regulator records. For the Australian identifier, search ASIC’s Professional Registers using the full company name and AFSL 286354; for other companies, use the relevant local authority. A group page cannot establish current permission or account scope on its own.
Company Information
| Brand | FP Markets. |
|---|---|
| Australian company disclosed | First Prudential Markets Pty Ltd; ABN 16 112 600 281; AFSL 286354, according to FP Markets. |
| Other companies listed | First Prudential Markets Ltd, First Prudential Markets Limited, FP Markets (Pty) Ltd and FP Markets Ltd. |
| Registered address | The address varies by entity; use the relevant local legal document. |
| Ownership and consolidated financial review | Not assessed in this review. |
Source: FP Markets — Australian company details · Last Checked:
Source: FP Markets — legal entities · Last Checked:
Trading Platforms
FP Markets’ official pages list MT4, MT5, cTrader, TradingView, WebTrader and a mobile application. Access depends on regional entity and account type; some products are supported by only selected platforms. Compare platform-specific fees and market lists before choosing an account.
The company describes desktop, web and mobile access. We did not install the software or independently test charting, order handling, execution speed, data feeds, expert advisers, platform uptime or mobile features. Platform availability is not an endorsement of performance.
Source: FP Markets — Trading Platforms · Last Checked:
Source: FP Markets — platforms and account overview · Last Checked:
Trading Products
FP Markets describes CFDs on forex, shares, indices, metals, commodities, bonds, ETFs and digital-asset references in selected regions. A CFD is a derivative and does not provide direct ownership of the underlying asset. Product availability and leverage depend on the account’s legal entity and local rules.
FP Markets’ UK legal page states that services are not offered to residents of certain jurisdictions, including the United Kingdom, according to that page. Country eligibility can change, so applicants should use the current local website and not infer access from an international product catalogue.
Check each product specification for contract size, quote currency, margin, financing, trading hours, expiration and dividend adjustments. We did not independently validate the complete instrument inventory.
Source: FP Markets UK — legal and jurisdiction notice · Last Checked:
Source: FP Markets — global entity disclosures · Last Checked:
Trading Conditions
| Standard account | Provider describes spread-based pricing; no separate commission on the stated MT4/MT5 model. |
|---|---|
| Raw account | Provider describes spreads from 0.0 pips with commission; current rate depends on platform and account currency. |
| Platforms | MT4, MT5, cTrader, TradingView and WebTrader are listed; access varies by entity. |
| Leverage | Jurisdiction and instrument determine limits; no single global amount is asserted. |
| Execution | No live testing of speed, slippage or order quality. |
| Minimum deposit / account currencies | Confirm the relevant entity’s latest account and funding terms. |
Raw pricing should be evaluated as spread plus commission and any overnight, conversion or payment charges. A displayed spread from zero is a minimum observation or target, not an all-day quote. The same trade can also have different costs on MT4, MT5 or cTrader.
Source: FP Markets — MT4/MT5 fee schedule · Last Checked:
Source: FP Markets — fees and charges · Last Checked:
Fees
FP Markets publishes separate fee pages for different platforms and entities. Its Standard account is described as spread-based, while Raw accounts display lower starting spreads and a separate commission. Certain share CFDs have exchange-specific commission and minimum charges. These values should be read from the schedule that matches the account and instrument.
Other possible costs include overnight swap rates, currency conversion, market-data charges and third-party payment fees. “No deposit fees” is a provider statement and does not establish that a bank or payment service will charge nothing. Account dormancy and withdrawal terms should also be checked in the local fee schedule.
No live spread sample, statement review or representative cost calculation was performed. BrokerSafari therefore describes the fee model but does not say FP Markets is cheaper or more expensive than another provider.
Source: FP Markets — MT4/MT5 fees · Last Checked:
Source: FP Markets — published fee schedule · Last Checked:
Deposit & Withdrawal
FP Markets lists payment methods that may include cards, bank transfer, e-wallets and local payment services. The method list is region-specific. The provider states that it does not charge deposit fees in some contexts, but third-party banks and payment processors can apply their own charges.
Before funding, verify the payment route available to the legal company on your account, minimum and maximum amounts, currencies, account-holder-name rules, withdrawal method, processing estimate and any source-of-funds checks. The public global website does not establish the experience of every customer or payment route.
We did not submit a deposit or withdrawal. No independent processing-time or success-rate finding is made.
Source: FP Markets — funding methods and fee disclosures · Last Checked:
Source: FP Markets — regional legal terms · Last Checked:
Research Summary
Sources reviewed include FP Markets’ global legal documents, Australian company page, regulation page, platform catalogue and fee schedules. ASIC’s official Professional Registers search portal is linked because it is the primary place to check the disclosed Australian AFSL. The current entity-specific record could not be retrieved in this pass.
Accordingly, the Australian licence number is labeled provider-disclosed, and the Evidence Score does not treat it as independently verified. This does not mean the company lacks authorization; it means this review did not establish current regulator status from an accessible entity-level record.
We did not test software, spreads, execution, support, funding or withdrawals, and did not audit the group’s financial statements. These gaps are not negative facts.
Source: FP Markets — primary provider disclosure · Last Checked:
Source: ASIC — public register · Last Checked:
Safety / Regulation Analysis
FP Markets presents multiple group entities and licence claims. The customer must establish which one appears in the account agreement and verify that exact company and domain in the appropriate regulator register. Regulatory coverage is not interchangeable between companies or jurisdictions.
This review could not independently verify a current ASIC record for First Prudential Markets Pty Ltd. We therefore do not state that the AFSL is currently active or that it covers every product. The regulator search link is provided for direct confirmation. Similar checks are needed for the CySEC, Seychelles, FSCA and Mauritius disclosures.
FP Markets’ group page describes segregated client accounts and an Investor Compensation Fund for eligible EU clients. These are provider disclosures that must be matched to the account-serving company; they do not establish protection for the Australian or international companies. We did not independently verify current register status, audit custody or find a sufficiently specific negative-balance-protection rule for every entity.
Leveraged CFD trading can cause rapid losses. This page is general research, not personal financial advice or a recommendation to open an account.
Source: FP Markets — legal and client disclosures · Last Checked:
Source: FP Markets — group-level client protection disclosures · Last Checked:
Source: ASIC — official register search · Last Checked:
What We Could Verify
FP Markets’ official pages identify several legal entities, licence numbers, platforms, account styles and fee categories. The Australian company name and AFSL number are stated by the provider. The matching current ASIC record could not be retrieved, so that fact is not categorized as regulator-verified here.
This explicit distinction avoids turning an official broker disclosure into an independent regulator confirmation.
Information Still Unclear
- Current regulator-register status and exact permissions for each company in the group.
- Which entity will serve a customer in a specific residence and what protection applies.
- Actual costs, spreads and execution for the customer’s account, platform and instrument.
- Independent withdrawal performance, platform reliability and complete regulatory history.
Evidence Reviewed
Sources were checked on 20 October 2026. The date records this review snapshot and does not imply ongoing monitoring.
Source: FP Markets — legal documents · Last Checked:
Source: FP Markets — Australian company information · Last Checked:
Source: FP Markets — platforms · Last Checked:
Source: FP Markets — fees · Last Checked:
Source: ASIC — Professional Registers · Last Checked:
How to Continue Your Research
FAQ
FP Markets lists companies and licence identifiers on its official pages. This review could not retrieve a current ASIC entity record for First Prudential Markets Pty Ltd, so AFSL 286354 is labeled provider-disclosed, not independently verified here. Check the current local register.