About FP Markets
Overview
FP Markets is a financial entity registered in Australia, having been established on 25 March 2021. The broker operates under the domain fpfxm.com. Unfortunately, our review reveals that FP Markets does not hold any known regulatory licenses, which raises immediate caution for potential traders.
With a FXCanary Scam Risk Score of 85 out of 100 (Severe), this broker is considered high-risk. The lack of regulatory oversight means that traders have no recourse through a financial ombudsman or compensation scheme.
Background & Regulation
FP Markets was founded in Australia in 2021. However, despite being registered in a jurisdiction with the Australian Securities and Investments Commission (ASIC), there is no evidence that FP Markets is licensed or regulated by ASIC or any other financial authority. Our independent checks found no regulatory filings or oversight.
Without a valid license, traders expose themselves to significant risks, including potential loss of funds without legal protection. The absence of regulation is a critical red flag, and FXCanary strongly advises against using unregulated brokers.
Account Types & Trading Platforms
Due to the lack of available information from the broker's website or other reliable sources, we cannot confirm what account types or trading platforms FP Markets offers. The domain fpfxm.com did not provide accessible content during our investigation.
Traders seeking account options should approach with extreme caution, as the broker has not demonstrated any transparency in its offerings.
Instruments & Funding
Similarly, details about tradable instruments and funding methods are not available. Without verifiable data, we cannot ascertain whether FP Markets offers forex, CFDs, commodities, or any other asset classes.
Funding methods and withdrawal policies remain unknown, which further contributes to the overall risk profile. Traders should only do business with brokers that clearly disclose such terms.
Risk Assessment
FXCanary's assessment places FP Markets in the highest risk category. The broker lacks regulatory oversight, has a recent establishment date, and provides no verifiable information about its operations. These factors collectively contribute to a severe scam risk score of 85/100.
Given that the broker is unregulated and essentially a black box, we cannot recommend any trader engage with FP Markets. The potential for fraud or mismanagement is exceptionally high.
Overview compiled by FXCanary from regulatory records and public data. full FP Markets review