FP Markets is a forex and CFD broker founded in Australia, where First Prudential Markets Pty Ltd has held an ASIC licence since 2005. EU clients deal with First Prudential Markets Ltd in Cyprus (CySEC), and First Prudential Markets Limited holds a Seychelles securities dealer licence.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Australian Securities and Investments Commission (ASIC) | AFSL 286354 | First Prudential Markets Pty Ltd | Authorised Checked 4 Oct 2026 | Register entry for First Prudential Markets Pty Ltd (opens in a new tab) 1 |
| Cyprus Securities and Exchange Commission (CySEC) | 371/18 | First Prudential Markets Ltd | Authorised Checked 5 Oct 2026 | Register entry for First Prudential Markets Ltd (opens in a new tab) 3 |
| Financial Services Authority Seychelles (FSA) | No reference | First Prudential Markets Limited | Authorised Checked 4 Oct 2026 | Register entry for First Prudential Markets Limited (opens in a new tab) 4 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
FP Markets’ Australian, Cyprus and Seychelles companies are on their regulators’ registers. Its global website refused our automated requests, so this assessment rests mainly on the Cyprus company, whose documents show segregated client money at named banks, negative balance protection, the Investor Compensation Fund, a Cyprus ombudsman route and clear notice of changes. We could not read the Australian and Seychelles companies’ terms, and we found no public record of who owns the group. CySEC settled with the Cyprus company for EUR 100,000 in January 2026 over the retail CFD restrictions, and FP Markets is on India’s alert list.
The EU site and terms name First Prudential Markets Ltd, its licence and registered office. We could not see the other regional sites.
The Cyprus company places client money in segregated client accounts and lists the institutions that hold it. We could not read the Australian and Seychelles companies’ terms.
The three licences we could check are current, with no suspension or restriction shown.
Retail clients of the Cyprus company have negative balance protection on each account. We could not read the Australian and Seychelles companies’ terms.
The Cyprus company acknowledges complaints within five days and answers within two months, with a holding response if more time is needed.
Reduced the enforcement dimension by 10 points (moderate severity, 0.7 years before the review).
Reduced the enforcement dimension by 2 points (low severity, 0.9 years before the review).
Partly met We matched First Prudential Markets Pty Ltd on ASIC’s licensee data, First Prudential Markets Ltd on CySEC’s register and First Prudential Markets Limited on the Seychelles FSA’s list, each linked to the FP Markets name. FP Markets’ global website, which lists its licences, refused our requests, so we could not check any others it claims.
Partly met The EU site’s licence statement matches CySEC’s register, but we could not read the regulatory claims on FP Markets’ global website.
Partly met ASIC authorises the Australian company to deal in and make a market in derivatives and foreign exchange contracts for retail and wholesale clients, and the FSA lists the Seychelles company as a securities dealer. CySEC authorises the Cyprus company to receive, transmit and execute orders in CFDs but not to deal on own account, while its execution policy says that for some accounts the company itself is the execution venue; we could not tell how that is arranged.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 12345
We matched First Prudential Markets Pty Ltd on ASIC’s licensee data, First Prudential Markets Ltd on CySEC’s register and First Prudential Markets Limited on the Seychelles FSA’s list, each linked to the FP Markets name. FP Markets’ global website, which lists its licences, refused our requests, so we could not check any others it claims.
Permissions cover the services offered 1346
ASIC authorises the Australian company to deal in and make a market in derivatives and foreign exchange contracts for retail and wholesale clients, and the FSA lists the Seychelles company as a securities dealer. CySEC authorises the Cyprus company to receive, transmit and execute orders in CFDs but not to deal on own account, while its execution policy says that for some accounts the company itself is the execution venue; we could not tell how that is arranged.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 12 points.
CySEC settles with First Prudential Markets Ltd for EUR 100,000 over retail CFD restrictions 13
19 Jan 2026. Reduced the enforcement dimension by 10 points (moderate severity, 0.7 years before the review).
Named on the Reserve Bank of India’s alert list of unauthorised forex platforms 14
19 Nov 2025. Reduced the enforcement dimension by 2 points (low severity, 0.9 years before the review).
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
A complaints procedure is published 16
The Cyprus company acknowledges complaints within five days and answers within two months, with a holding response if more time is needed.
Independent complaint outcomes show no adverse pattern 16
FP Markets has no UK company, so there are no Financial Ombudsman Service decisions, and we did not find published decisions of other dispute bodies.
Complaint data is disclosed 516
We found no complaint statistics published by FP Markets or by a regulator or ombudsman for its companies. AFCA publishes complaint figures for the financial firms that are its members, but its data site refused our requests, so we could not check the Australian company.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
An order execution policy is published 6
The EU execution policy explains the execution factors, names First Prudential Markets Pty Ltd as execution venue and discloses that the company may receive a commission from its liquidity provider.
Risk warnings are clear and current 7
The EU site warns that 74.56% of retail CFD accounts lose money. We could not see the other regional sites.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
Marketing claims are accurate and attributable 7
The EU site advertises spreads from 0.0 pips and fast execution from an NY4 server facility without showing the basis on the page.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Australian Securities and Investments Commission (ASIC) · Reference AFSL 286354 1
Dealing in and making a market in derivatives and foreign exchange contracts for retail and wholesale clients
Licence start date 31 May 2005.
Cyprus Securities and Exchange Commission (CySEC) · Reference 371/18 3
Reception and transmission of orders and execution of orders in CFDs; not dealing on own account
Financial Services Authority Seychelles (FSA) 4
Securities dealer
The register does not show licence numbers.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
On 19 January 2026 CySEC’s board agreed a settlement of EUR 100,000 with First Prudential Markets Ltd for a possible violation of article 42 of Regulation (EU) No 600/2014 and paragraph 5 of CySEC Directive DI87-09, which set the restrictions on CFDs offered to retail clients. The investigation covered March 2022 to August 2025. CySEC announced the settlement on 4 February 2026 and said the company had paid.
The Reserve Bank of India’s Alert List, updated as on 19 November 2025, includes FP Markets (www.fpmarkets.com) among entities that are neither authorised to deal in forex under the Foreign Exchange Management Act nor authorised to operate a forex trading platform in India. The list warns residents but does not allege fraud.
Firms can respond to their profile and to any finding. No response has been published for FP Markets. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 6 Oct 2026 | Trust score 80 out of 100 Strong | 1.2 | Current |
No corrections have been made to this profile.
Lists AFSL 286354 held by First Prudential Markets Pty Ltd (ABN 16112600281), Sydney, from 31 May 2005. The licence covers advice on and dealing in derivatives, foreign exchange contracts and securities, and making a market in foreign exchange contracts and derivatives, for retail and wholesale clients.
Active Australian private company, ABN active from 7 June 2005, based in Sydney. Registered business name FP Markets from 15 May 2014.
Licence 371/18 granted on 19 November 2018, company registration 372179, address Georgiou Griva Digeni 109, 3rd floor, 3101 Limassol. Approved domains www.fpmarkets.eu and www.fpmarkets.com/eu. Services: reception and transmission of orders and execution of orders in CFDs, with safekeeping and investment research as ancillary services. Dealing on own account is not listed.
Lists First Prudential Markets Limited among licensed securities dealers at Office 205, Waterside Property, Eden Island, with the trade name FP Markets, the email compliancesc@fpmarkets.com and the website www.fpmarkets.com/sc, and Matthew Kevin Murphie and Michael Gray Walker as representatives. The register does not show licence numbers.
www.fpmarkets.com, including its Australian, Seychelles and other regional pages, refused our automated requests on 5 October 2026 with a Cloudflare block page, so we could not read the Australian and Seychelles companies’ terms, the group’s list of licences or its other pages. The only Australian disclosure statement we found on another FP Markets host dates from 2019, so we did not rely on it.
Explains the execution factors, ranks price and costs first, and names First Prudential Markets Pty Ltd as the execution venue and liquidity provider; it says that depending on the account type the company or a third-party liquidity provider is the execution venue, and that the company may receive a commission from its liquidity provider.
Says the domains www.fpmarkets.eu and www.fpmarkets.com/eu are operated by First Prudential Markets Ltd (HE 372179, CySEC 371/18) at 109 Georgiou Griva Digeni, 3rd floor, Limassol, warns that 74.56% of retail CFD accounts lose money, and advertises spreads from 0.0 pips, leverage of 1:30, 24/7 support, more than 800 CFDs and fast execution from an NY4 server facility.
Client money is placed in segregated client accounts with financial institutions in or outside the EEA. Retail clients have negative balance protection per account. Positions are closed out at 50% of the initial margin. Withdrawals are paid within five business days of a valid instruction. Dormant accounts, after 90 days without activity, are suspended and later closed, with no dormancy fee. Changes to the agreement need at least five business days’ notice for individual clients, except changes required by regulation, and the client may end the agreement before they take effect.
A scanned report, read with text recognition, with an auditor’s report from PremioConsult. Says the company belongs to the FP Markets Group, which includes an investment firm regulated by ASIC since 2005, and names its board: executive directors Constantinos Demetriou and Craig Allison, independent non-executive directors Eyal Wagner and Marios Zantis, and non-executive director Matthew Murphie. Sets out own funds and capital requirements.
Client money is processed through accounts with Bank of Cyprus, Eurobank Cyprus and ECOMMBX in Cyprus, and with payment providers Nuvei, Neteller, Skrill and PayPal; merchant accounts with payment providers are not used for safekeeping.
States that the company is a member of the Investor Compensation Fund for clients of Cyprus investment firms and explains how covered clients can claim.
Explains spreads, commissions, swaps, rollovers and currency conversion with worked examples, refers to the website for spreads and commissions by instrument, and sets the dormant fee at zero. It describes when a currency conversion charge applies but does not state its rate.
Announced on 4 February 2026: the board decided on 19 January 2026 to settle, for EUR 100,000, a possible violation of article 42 of Regulation (EU) No 600/2014 and paragraph 5 of CySEC Directive DI87-09, the restrictions on CFDs for retail clients, in the period March 2022 to August 2025. The company has paid the amount.
Lists entities not authorised to deal in forex or operate forex trading platforms in India. Entry 45 is FP Markets, https://www.fpmarkets.com.
On 5 October 2026 we searched CySEC’s 1,173 board decisions, ASIC’s licensee data, the CVM’s declaratory acts, KNF’s lists and the Indian, Securities Commission Malaysia and Bank Negara Malaysia alert lists, and ran web searches for actions by ASIC, the FSCA, the CMA in Kenya and others. The findings on this profile are what we found. Securities Commission Malaysia entries for “FP Markets Asia Investm” and “MyFP Markets” are potential clones, not findings about FP Markets.
Complaints are acknowledged within five days and answered within two months, with a holding response if more time is needed; clients may then go to the Financial Ombudsman of the Republic of Cyprus within four months.
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