FP Markets is an Australian broker founded in 2005, known for two clear strengths: low costs on the ECN model and the widest range of platforms among the popular brokers. If you want flexibility to automate (MT5, cTrader) or to use TradingView natively, it belongs in the conversation. Here is the analysis.
01Regulation and trust
FP Markets is regulated by ASIC (Australia) and by CySEC (Cyprus). ASIC is a tier-1 regulator, which lends credibility. As we always point out, a Brazilian client's account usually falls under the international (offshore) entity, without Brazil's FGCRP investor protection fund — so the protection comes from how serious the regulator is, not from a local fund.
02Costs: the strong point
FP Markets uses ECN pricing with competitive costs: from 1 pip on the Standard account (no commission) and 0.0 pip on the Raw account (with a commission of around US$6 per lot, round turn). If you do scalping or run cost-sensitive bots, the Raw account is competitive.
03Platforms (the differentiator)
This is where FP Markets stands out: it offers four platforms — MT4, MT5, cTrader and TradingView. It is one of the most complete line-ups. If you want to automate, having MT5 (with the Python bridge) and cTrader at the same broker is real flexibility.
Pros
- Low ECN costs (0.0 pip on Raw)
- 4 platforms, including TradingView
- Accessible minimum deposit (US$50)
- Unlimited demo account
- ASIC regulation (tier-1)
Cons
- Brazilian accounts are offshore (no FGCRP)
- Commission on the Raw account (offsets the 0 spread)
- Less well known than XM/Exness in Brazil
Take a look at FP Markets
Always start with the unlimited demo account before any real deposit.
Visit the official site →04Who it makes sense for
FP Markets shines for anyone who prioritizes cost and platform flexibility — especially traders who automate and want to choose between MT5, cTrader and TradingView. For the absolute beginner, the low deposit and the unlimited demo help. If you want the most "famous" broker in Brazil, Exness and IC Markets have a bigger local presence.
Remember our policy: whatever the broker — always test on demo, start with the minimum, and use risk management. The best broker does not make up for a lack of method.
05Frequently asked questions
Is FP Markets trustworthy?
It is an established broker (since 2005), regulated by ASIC (Australia, tier-1) and CySEC (Cyprus), with an ECN model and competitive costs. Well regulated and accepts Brazilian clients. Like any offshore broker, a Brazilian client's account has no local FGCRP cover.
What is the minimum deposit?
Around US$50, one of the most accessible among ECN brokers, with an unlimited demo account available.
Which platforms does it offer?
Four: MetaTrader 4, MetaTrader 5, cTrader and TradingView — one of the most complete line-ups, great for anyone who automates.
Is FP Markets good for bots?
Yes — it has MT5 (with the Python bridge), cTrader and low ECN costs, which help cost-sensitive strategies. Check the type_filling setting and test on demo before automating.