FP Markets Stock Broker Review
FP Markets offers direct-access share CFD trading via IRESS alongside standard MT4/MT5/cTrader share CFDs - a differentiated dual-model approach under ASIC and CySEC regulation that suits both ECN forex traders and equity-focused clients.
Also reviewed as:
How FP Markets ranks
Trust & Regulation
#1of 3
Fees & Spreads
#4of 3
Platforms & Tools
#1of 3
Customer Support
#1of 3
Min Deposit
$100
Commission/Trade
0 pips
Max Leverage
20:1
Founded
2005
HQ
Sydney, Australia
Last Reviewed
May 3, 2026
FP Markets Pros
- IRESS platform provides genuine DMA access to ASX, NYSE, LSE, and other exchanges
- 10,000+ share CFDs available on MT4, MT5, cTrader, and TradingView
- ASIC and CySEC regulation - among the strongest regulatory profiles for a mid-tier broker
- No platform fee for standard share CFD trading (IRESS fee only for DMA users)
FP Markets Cons
- IRESS DMA incurs a monthly fee (~AUD 55) - uneconomical for low-frequency traders
- CFD-only for most share access; DMA limited to IRESS users
- IRESS has a steeper learning curve than MetaTrader or TradingView
- Not available to US residents
FP Markets Stock Broker Review
FP Markets for stocks: IRESS direct market access
FP Markets is one of the very few forex brokers to offer genuine Direct Market Access (DMA) to equity markets via the IRESS platform. IRESS provides access to ASX shares, NYSE, LSE, and other global exchanges with live Level II market depth and direct routing - giving traders the same order infrastructure used by professional brokers, not a CFD wrapper. This is a meaningful structural difference from brokers that only offer share CFDs.
Two models: IRESS DMA and standard share CFDs
FP Markets offers two share trading routes:
- IRESS DMA: Real DMA access to ASX (Australian Securities Exchange) and major global markets with live Level II data, direct routing, and transparent exchange pricing. A monthly fee of approximately AUD 55 applies for lower-volume traders.
- Standard share CFDs: Available on MT4, MT5, cTrader, and TradingView covering 10,000+ global shares across US, UK, European, and Asian markets. No additional platform fee.
Costs
IRESS DMA costs are exchange commissions plus a small platform markup - generally competitive for Australian equity trading. Share CFD spreads on MT4/MT5 are variable and comparable to other ECN-adjacent brokers in the space.
Regulation
FP Markets is regulated by ASIC (286354) and CySEC (371/18). The ASIC licence is one of the most demanding Tier 1 retail financial market licences globally, providing strong client fund protection and formal complaints and dispute resolution mechanisms.
Limitations
The IRESS DMA monthly fee (AUD 55+) makes it economical only for traders who actively use the platform. The IRESS interface has a learning curve compared to MetaTrader. DMA equity access is strongest for ASX - access to US and European markets on IRESS is available but broader than what US-based DMA brokers offer.
Bottom line
FP Markets is the strongest choice for Australian traders who want genuine DMA equity access alongside ECN forex in one account. For traders who want simpler share CFD access without the IRESS fee, the MT4/MT5 share CFDs offer a wider selection with less complexity.
FP Markets Score Breakdown
4.1/ 54/440% of total score+0.1 above average#1 of 3
4.6/ 5- Top-tier regulator (FCA, ASIC, CFTC, etc.)
- Segregated client funds
- Negative balance protection
- Compensation scheme (e.g. FSCS)
0/130% of total score−0.5 below average#4 of 3
4.2/ 5- Commission-free trading
5/720% of total score+0.6 above average#1 of 3
4.4/ 5- Research tools
- Stock screener
- Mobile app
- Advanced charting tools
- Short selling available
- IPO access
- Global exchange access
0/510% of total score+0.6 above average#1 of 3
4.3/ 5- Fractional shares
- Dividend reinvestment (DRIP)
- Stocks & Shares ISA
- SIPP pension account
- Extended hours trading
Last reviewed: May 3, 2026
FP Markets Stock Bonuses
No Stock bonuses available
FP Markets does not currently have any active bonuses for stock trading. Check back later or explore other categories.
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FP Markets Regulatory Licences
Verified regulation is a key factor in identifying a reliable choice for stock traders.
FP Markets Stocks Trading Platforms
Compare the leading stock trading platforms supported by FP Markets.
FP Markets Markets & Instruments
Forex
Indices
Commodities
Shares CFDs
Crypto
Bonds
ETFs
Countries Where FP Markets Is Available
Brazil
Chile
Cyprus
Czech Republic
Estonia
Spain
France
Greece
Nigeria
Netherlands
United Kingdom
Australia
Germany
Singapore
South Africa
United Arab Emirates
Argentina
Austria
Bulgaria
Bahrain
Hong Kong
Croatia
Oman
Hungary
Indonesia
Malta
Malaysia
New Zealand
India
Italy
Kenya
Kuwait
Lithuania
Latvia
Philippines
Poland
Portugal
Qatar
Mexico
Romania
Saudi Arabia
Slovenia
Slovakia
Thailand
VietnamTrade these markets with FP Markets
Explore live index charts and analysis available through FP Markets.
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Frequently Asked Questions About FP Markets Stock Trading
FP Markets is regulated by top-tier authorities including ASIC, CYSEC. Client funds are held in segregated accounts at tier-1 banks, separate from company funds. Negative balance protection ensures clients cannot lose more than their deposited capital. Eligible clients may be covered by an investor compensation scheme such as the FSCS (UK) or ICF (EU) within published limits. Always verify the licence on the regulator's public register before depositing.
FP Markets's minimum deposit is $100. Deposits are accepted free of charge via bank transfer, card, and selected e-wallets.
FP Markets offers raw spreads from 0.0 pips with a commission of $6.00 per standard lot round-turn on the raw-spread account. Deposits are free on standard funding methods. No inactivity fee applies to dormant accounts.
FP Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView and IRESS. A mobile trading app is available for iOS and Android. Advanced charting tools are included.
FP Markets customer support is available via live chat during trading hours (24 hours a day, Monday to Friday). Phone support is also available. Support is provided in multiple languages.
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