fpmtrading

FPM Trading is an online forex and CFD broker registered in Mauritius, with its corporate address at Suite 201, 2nd floor, 40 Silicon Avenue, The Catalyst Building, Cybercity, Ebene. The firm was established on 18 November 2025, making it a relatively new entrant in the retail trading space. According to its website, the broker aims to provide a comprehensive trading experience for individual traders, offering access to global markets via multiple platforms.

Despite the broker's claims of regulation by the Mauritius Financial Services Commission, our records indicate no independent verification of a valid regulatory licence. Traders should be aware that operating from Mauritius with an FSC licence does not carry the same level of investor protection as major-tier regulators such as the FCA or ASIC.

The broker states on its regulation page that it is licensed and overseen by the Mauritius FSC, and emphasises segregation of client funds and compliance with capital requirements. However, we have not been able to confirm an active licence through official registry checks. The absence of a verifiable regulatory licence means that clients may not have access to compensation schemes or dispute resolution bodies typical of stricter jurisdictions.

In FXCanary's assessment, the lack of confirmed regulation is a significant factor in the broker's elevated Scam Risk Score of 63/100. Traders are advised to exercise caution and conduct further due diligence before committing funds.

FPM Trading offers two live account categories: Raw and Standard. Both require a minimum deposit of $100 AUD or equivalent, which is relatively low compared to industry averages. Maximum leverage is set at 1:500 for both accounts, which is high and carries substantial risk, especially for inexperienced traders.

The Raw account is likely suited for traders who prefer lower spreads and are comfortable paying a commission per trade. The Standard account, by contrast, typically includes wider spreads but no commission. The broker also provides a demo account for practice, which can be opened via its portal.

The broker supports industry-leading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 is widely regarded for its customisable interface and expert advisors, while MT5 offers additional asset classes and analytical tools. cTrader is known for its intuitive design and fast execution. Additionally, FPM Trading offers a web-based platform (WebTrader) and a copy trading service for those who wish to follow experienced traders.

These platforms are available on desktop, web, and mobile devices, giving traders flexibility in how they manage their positions. The availability of multiple platforms is a positive feature for traders who have platform preferences.

According to the broker's website, FPM Trading provides access to over 70 forex pairs, including major, minor, and exotic currencies. In addition to forex, the broker lists metals (such as gold and silver), indices, and commodities as tradeable instruments. This range is typical for a retail CFD broker and offers moderate diversification within the scope of leveraged products.

It is important to note that all instruments are traded as contracts for difference (CFDs), meaning traders do not own the underlying asset. CFDs are complex instruments and carry a high risk of rapid loss due to leverage.

FPM Trading appears to target retail traders who are looking for high leverage, low minimum deposits, and access to multiple trading platforms. The broker's offerings may appeal to both beginners and experienced traders, but the high leverage and lack of strong regulatory oversight make it more suitable for traders who understand the risks and are willing to assume them.

Traders from jurisdictions with strict regulatory requirements should check whether FPM Trading is permitted to offer services to them. The absence of a major-tier licence means that clients may have limited recourse in case of disputes.