HomeBroker ReviewsFP Markets ReviewIndia
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
India
Live account tested
Broker Review · India 2026

FP Markets Review 2026: A Complete Guide for India Traders

FP Markets is a reputable broker with strong global regulation and a wide range of trading instruments, but India traders must note it is not regulated by SEBI. While it offers UPI deposits and low spreads, the lack of local oversight means traders should exercise caution and verify the entity they are dealing with. It is best suited for experienced traders who prioritize trading conditions over local regulatory protection.
Regulated: 1
Min Deposit: $100
Score: 2.9/5
Islamic: Yes
2.9/5
★★★★★
Overall Score
Regulation
5.0
Spreads
3.0
Platforms
5.0
Deposits
4.5
Support
4.5

PROS for India Traders

  • Accepts UPI and IMPS deposits in INR with no fees, making it easy for India traders to fund accounts.
  • Offers low spreads from 0.0 pips on ECN account, competitive with global brokers.
  • Wide range of platforms including MT4, MT5, cTrader, and TradingView, suitable for all trader types.
  • Islamic (swap-free) account available for Muslim traders in India.
  • Strong regulation by ASIC and CySEC, with a long track record since 2005.

CONS for India Traders

  • Not regulated by SEBI, so India traders do not have local investor protection.
  • No Nifty 50 or Indian stocks CFDs are available (only Nifty 50 index CFD).
  • Customer support lacks dedicated India phone number or WhatsApp support.
  • Minimum deposit of $100 AUD (~₹5,500) may be higher than some local brokers.
📅
2026
Founded
📍
4.3
HQ
💵
$100
Min Deposit
📊
2.9/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — India
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

FP Markets Overview for India

FP Markets is an Australian multi-asset broker founded in 2005, headquartered in Sydney, with a strong global presence. For India traders, FP Markets offers a compelling proposition: competitive spreads starting from 0.0 pips, deep liquidity, and access to over 10,000 trading instruments including forex, indices, commodities, and cryptocurrencies. The broker is particularly attractive for tech-savvy Indian traders who value advanced trading platforms like cTrader and TradingView alongside the classic MT4/MT5. While FP Markets is not regulated by SEBI, its regulation by ASIC (Australia) and CySEC (Cyprus) provides a level of trust. The broker has recently enhanced its deposit options for Indian clients by supporting UPI, IMPS, and USDT, making it easier to fund accounts in INR. FP Markets also offers an Islamic (swap-free) account, which is beneficial for Muslim traders in India. Overall, FP Markets is a solid choice for Indian traders who are comfortable with offshore brokers and prioritize tight spreads and a wide range of instruments.

DetailInformation
Founded2026
Headquarters4.3
Regulated by1
Min Deposit$100
Max Leverage500
PlatformsMT4, MT5, cTrader, TradingView
Islamic AccountAvailable
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is FP Markets Safe for India?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for India traders
Always verify FP Markets's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USD0.10 pips$3.00$3.101.10 pips
XAU/USD0.15 pips$3.00$3.150.28 pips
S&P5000.40$3.00$3.400.60
BTC/USD$35$3.00$38$50
💼

Account Types for India Traders

Standard Account
No Commission
Min Deposit$100
EUR/USD Spreadfrom 1.10 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$100
EUR/USD Spreadfrom 0.10 pips
Commission$3.00
IslamicCheck broker
PlatformsMT4/MT5
FeatureAvailable
Demo AccountYes
ECN/Raw AccountYes
Islamic (Swap-free)Yes
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Available
iOS · Android · PC
🔷
cTrader
ECN platform
Available
iOS · Android · Web
📺
TradingView
Best charts
Available
Web · iOS · Android
India tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — India Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
India deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — India Muslim Traders

FP Markets offers an Islamic (swap-free) account for Muslim traders in India who want to trade in accordance with Sharia law, which prohibits earning or paying interest (riba). The Islamic account is available on both Standard and ECN account types. It is a genuine swap-free account – no overnight interest is charged or credited on positions held open past 5 PM EST. However, if a position is held for more than a few days, a small administration fee may be applied to cover the cost of maintaining the position. To apply, simply register for a live account, then contact FP Markets customer support via live chat or email and request the Islamic account conversion. There is no additional cost for the conversion itself. This is a good option for India’s large Muslim trading community.

FeatureDetails
Islamic Account AvailableYes
Swap FeesNo swap fees
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
📊

Instruments & Markets in India

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll available0.10 pips
Gold (XAU/USD)Spot GoldAvailable0.15 pips
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40
Crypto CFDsBTC, ETH, XRP, SOLAvailable$35
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for India traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among India traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for India traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — India Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for India
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes India Traders Make with FP Markets

  • Mistake: Assuming FP Markets is SEBI-regulated. Many India traders mistakenly believe the broker is regulated in India. Always check the entity you are dealing with – FP Markets is regulated by ASIC and CySEC, not SEBI.
  • Mistake: Not using the correct account type. Some traders open a Standard account when they could save on costs with an ECN account. Compare spreads and commissions before choosing.
  • Mistake: Ignoring the Islamic account option. Muslim traders who do not want to pay swap fees often forget to request the swap-free account. You must explicitly ask for it after account opening.
🔍

FP Markets vs Competitors in India

BrokerMin DepositEUR/USDIslamicTradingViewScore
FP Markets (current)$1000.10 pipsYesYes2.9
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — FP Markets

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for India traders
FP Markets segregates all client funds and is regulated by top-tier authorities.

FP Markets User Reviews & Ratings

Trustpilot Rating

2.9
★★★★★
Based on 10,100 reviews
Read on Trustpilot

CompareBroker Expert Rating

2.9
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

FP Markets Latest News & Updates 2026

Platform
July 2026
FP Markets expands TradingView integration
FP Markets has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
FP Markets maintains top-tier regulatory status
FP Markets continues to hold its regulatory licenses, ensuring client fund protection for India traders.
Product
May 2026
New instruments added for India traders
FP Markets has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is FP Markets Worth It for India Traders?

2.9/5
★★★★★

FP Markets is a strong contender for India traders who are comfortable with offshore brokers and prioritize low spreads, a wide range of instruments, and advanced trading platforms. The broker’s acceptance of UPI and IMPS is a major plus, making deposits hassle-free. The ECN account offers some of the tightest spreads in the industry, which is ideal for scalpers and day traders. However, the lack of SEBI regulation is a significant drawback – Indian traders must be aware that they are not covered by local investor protection schemes. For this reason, FP Markets is best suited for experienced traders who understand the risks of trading with a non-SEBI broker. Beginners may prefer a SEBI-regulated broker like ICICI Direct or Zerodha for added safety. Overall, if you value trading conditions over regulatory comfort, FP Markets is a solid choice.

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FAQ — FP Markets for India Traders

Is FP Markets safe for India traders?+
How can I deposit money in FP Markets from India?+
Does FP Markets have Islamic account?+
What is the minimum deposit for FP Markets in India?+
What trading platforms does FP Markets offer?+
Is FP Markets regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
Open FP Markets Account
Regulated · India
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score2.9/5
Regulation1
Min Deposit$100
Max Leverage500
Founded2026
IslamicYes
TradingViewYes
MT4/MT5Both
Copy TradingNo
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