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FP Markets

Forex Broker
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Founded
2005-01-01 in Sydney, Australia
Headquarters
Sydney, Australia (with a major operational centre in Limassol, Cyprus)

FP Markets (First Prudential Markets) is a global, multi-regulated online broker founded in Sydney, Australia in 2005 by Matthew Murphie. The company provides retail and institutional clients with Contracts for Difference (CFD) trading across a wide range of asset classes, including forex, equities, indices, commodities, digital currencies, bonds, and ETFs. Traders access these markets through industry-leading platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, and Iress. FP Markets is distinguished by its original Direct Market Access (DMA) CFD model, which it pioneered in Australia. The firm holds regulatory licences from ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), and other authorities, and has grown to employ over 250 people globally, with group companies in Cyprus, South Africa, Kenya, the Seychelles, the Bahamas, Mauritius, and St. Vincent & the Grenadines. The company has received numerous industry awards, including being named Best Global Forex Value Broker for seven consecutive years (2019–2025). In 2024 it partnered with TradingView, and it continues to expand its product suite and social trading capabilities.

Detailed Review

Company History

FP Markets was established in May 2005 in Sydney, Australia, as First Prudential Markets. Founder Matthew Murphie pioneered the Direct Market Access (DMA) model for CFDs in the Australian market, which allowed traders to interact directly with underlying liquidity providers. The company quickly grew and now operates as the FP Markets Group of Companies, with regulated entities in multiple jurisdictions.

Regulation and Licensing

- First Prudential Markets Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC, AFS Licence No. 286354). - First Prudential Markets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC, Licence No. 371/18). - FP Markets (Pty) Ltd is regulated by the Financial Sector Conduct Authority in South Africa (FSP No. 50926). - Additional entities are registered in St. Vincent & the Grenadines, the Bahamas, and other territories.

Products and Platforms

FP Markets offers over 10,000 CFD instruments across seven asset classes. Key platforms include: - MetaTrader 4 (MT4) – Industry-standard forex and CFD platform with advanced charting, automated trading, and custom indicators. - MetaTrader 5 (MT5) – Multi-asset platform offering additional timeframes, more order types, and a built-in economic calendar. - cTrader – Advanced ECN trading platform with Level II pricing, algorithmic trading, and a user-friendly interface. - TradingView – Social charting platform integrated in 2024, providing powerful charting tools and a collaborative community. - Iress – Institutional-grade platform for Australian equity and CFD traders, with direct market access. In 2021, the company launched a Social Trading application that allows clients to copy trades from experienced traders.

Awards and Recognition

- Best Global Forex Value Broker (Global Forex Awards) for seven consecutive years (2019–2025). - Named “Forex and CFDs Broker with the Best for Quality of Trade Execution” in the Investment Trends 2019 Australia Leverage Trading Report. - FP Markets (Cyprus) was certified as a Great Place to Work in December 2023.

Recent Developments

- In 2024, FP Markets announced a partnership with TradingView. - In December 2023, it partnered with Cricket Brasil to support community development. - In 2026, FP Markets launched “FP Markets Intelligence,” an AI-powered trading insights tool, and won “Most Trusted Broker” at the Global UF Awards 2026.

Leadership

- Craig Allison serves as Chief Executive Officer (CEO) of First Prudential Markets. - Matthew “Matt” Murphie is the Founder and previously served as Managing Director; his current role as co-founder and a director of FP Markets is confirmed on his LinkedIn profile. - Peter Wong is listed as Chief Financial Officer (CFO) according to ZoomInfo.

Headcount

The company employs over 250 people globally as of 2024 (Wikipedia). The LinkedIn company page lists a range of 201–500 employees.

Key Products

  • MetaTrader 4 (MT4)

    Industry-standard forex CFD platform with advanced charting, Expert Advisors, and custom indicators.

  • MetaTrader 5 (MT5)

    Multi-asset platform with additional timeframes, economic calendar, and depth of market for forex, stocks, and commodities.

  • cTrader

    ECN platform with fast execution, Level II pricing, and customisable interface.

  • TradingView

    Social charting and analysis platform integrated for web and mobile trading.

  • Iress

    Professional share trading platform for equities and ETFs (available in select regions).

  • Social Trading App

    Proprietary copy-trading application launched in 2021, allowing automated mirroring of selected traders.

  • Myfxbook Copy Trading

    Integration for copy trading via the Myfxbook social trading community.

  • VPS Hosting

    Virtual private server for low-latency automated trading.

  • MAM/PAMM

    Multi-Account Manager and Percentage Allocation Money Management for professional fund managers.

  • FP Markets Social Trading App

    Launched in 2021, enables copy trading and strategy sharing.

  • FP Markets Mobile App

    Proprietary app for iOS and Android providing real-time trading and account management.

  • FP Markets Intelligence

    AI-powered insights and analysis tools announced in 2025.

  • CFD Instruments

    Over 10,000 contracts across Forex, Indices, Commodities, Shares, Bonds, ETFs, and Digital Currencies.

Offices & Headcount

250 employees (approx.)

Key Persons

Exhibition History

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