FP Markets is an Australian-founded forex and CFD broker regulated by ASIC and CySEC, with an offshore arm in Seychelles. Rather than a deposit bonus, it offers a refer-a-friend scheme that pays $50 to $200 in withdrawable cash per qualified referral, scaled to how much the friend deposits and trades. It also covers the cost of a low-latency VPS once you meet a minimum deposit and monthly volume, which suits traders running automated strategies.
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
FP Markets
FP Markets pays existing clients a cash reward of $50 to $200 per friend they refer, based on how much the friend deposits and trades, with the reward withdrawable at any time.
FP Markets
FP Markets covers the monthly cost of a low-latency forex VPS once you deposit at least 1,000 USD and keep trading enough lots each month, so your Expert Advisors run 24/5 without a hosting bill.
Profile checked against official sources on · How we rate
FP Markets is the trading name of First Prudential Markets, a forex and CFD broker founded in Sydney, Australia in 2005 by Matt Murphie. It is privately held and has grown from a locally focused Australian broker into a multi-entity group serving clients through separate regulated companies.
The Australian entity, First Prudential Markets Pty Ltd, holds AFSL 286354 from ASIC, issued in 2005. A separate Cyprus entity holds CySEC licence 371/18. An offshore entity licensed under the Seychelles FSA (SD130) is the arm most commonly used for clients outside Australia and the EU. The group has since added regulated units under South Africa's FSCA (FSP 50926) and Kenya's Capital Markets Authority.
In December 2014, ASIC accepted an enforceable undertaking from First Prudential Markets over compliance gaps in its order-execution monitoring and risk-management processes. The company made no admission of wrongdoing and committed to strengthened internal audits; there is no indication this affected client funds.
FP Markets offers forex, CFDs on shares, indices, commodities, ETFs, cryptocurrencies and a small number of bonds, marketed as roughly 10,000-plus tradable instruments. Forex covers around 70 currency pairs; crypto CFDs are limited to a handful of major coins, not a broad altcoin list.
Trading platforms include MetaTrader 4, MetaTrader 5 and cTrader, plus a TradingView integration. Australian clients also have access to Iress, aimed at active equity traders and requiring a higher minimum balance.
There are two core account types: a Standard account with no commission and spreads from around 1.0 pip, and a Raw account with spreads from 0.0 pips plus a commission of roughly $6 per lot round turn on forex and metals. Both are commonly opened with a minimum deposit of $100, though the exact minimum and available leverage depend on which regulated entity the account sits under.
FP Markets does not run a conventional deposit-match bonus. Its ASIC-regulated Australian entity and CySEC-regulated Cyprus entity cannot legally offer trading bonuses to retail clients: ASIC and CySEC both prohibit cash bonuses, deposit matches and comparable incentives for retail forex and CFD accounts. Any promotional activity therefore runs through FP Markets' non-EU, non-Australian entities.
The two current promotions are a refer-a-friend cash program and a free VPS offer. The refer-a-friend program pays an existing client between $50 and $200 in withdrawable cash per successful referral, scaled to how much the referred friend deposits and trades: the entry tier pays $50 for a friend who deposits $500 and trades 2.5 standard lots, up to $200 for a $10,000 deposit and 10 lots. Referrers are capped at three paid referrals per calendar year, and the program explicitly excludes clients under the ASIC and CySEC entities.
The free VPS offer waives the monthly cost of a low-latency virtual server for clients who deposit at least $1,000, provided they keep trading a minimum monthly lot volume in forex and metals that varies by account and platform, from about 5 lots on Standard MT4/MT5 up to 40 lots on Raw cTrader. It is a waived fee, not a cash credit, and missing the volume threshold for two consecutive months can get the free hosting cancelled.
FP Markets asks for standard identity and address verification before processing a first withdrawal. Account opening is usually quick, but full document verification can take up to a business day. Withdrawals are generally processed within 24 to 48 hours internally, after which the payment method's own timeline applies, and withdrawals must go back through the same method used to deposit.
Which entity a client is onboarded under depends on their country of residence, and that entity determines the applicable leverage caps, negative balance protection rules and whether any promotion is even available. Clients in the US, Japan and New Zealand are not accepted at all. Confirm which FP Markets entity holds your account and read that entity's own terms before assuming a promotion seen elsewhere applies to you.
No. FP Markets does not run a deposit-match or welcome cash bonus. Its ASIC and CySEC entities are prohibited from offering retail trading bonuses, and the group's other entities currently promote a refer-a-friend cash program and a free VPS offer instead.
Yes, across several entities. The Australian entity holds ASIC licence 286354, a Cyprus entity holds CySEC licence 371/18, an offshore entity is licensed under the Seychelles FSA (SD130), and the group has licensed units under South Africa's FSCA (FSP 50926) and Kenya's CMA.
Rewards are tiered from $50 to $200 in withdrawable cash per successful referral, but each tier requires the referred friend to hit both a minimum deposit and a minimum lot volume within 30 days. The realistic outcome for most referrals is the entry tier of $50, which needs a $500 deposit and 2.5 standard lots traded by the friend.
Standard and Raw accounts on MT4, MT5 and cTrader are commonly opened from around $100, though the exact minimum and leverage depend on which regulated entity holds the account. The free VPS offer separately requires a $1,000 deposit to qualify.
No. FP Markets does not accept clients from the United States, along with Japan and New Zealand.
MetaTrader 4, MetaTrader 5, cTrader and a TradingView integration. Australian clients also have access to Iress, which requires a higher minimum balance.