FP Markets Philippines Review 2026

FP Markets is an Australian-based broker that offers true ECN execution. It is highly valued by experienced traders for its tight spreads on raw accounts, deep liquidity, and excellent execution speeds. Here is our detailed evaluation for Filipino traders.

We will analyze their account types, deposit methods, trading fees, and see if FP Markets is the right choice for your trading needs.

Quick Verdict: Is FP Markets Safe and Legal in the Philippines?

• Our Rating: 4.7 / 5
• Minimum Deposit: $100
• GCash Supported: Yes (via local payment options)
• Legal Status: Offshore (Accessible, CySEC/ASIC regulated globally, but not licensed by local SEC)

FP Markets is legal for Filipinos to use. Like all major international brokers, it holds no license from the SEC Philippines or BSP. It is regulated by top-tier global bodies (like ASIC in Australia or the FCA in the UK) which ensures a high standard of security and transparency, but retail accounts from the Philippines fall under their offshore entities where local client protections do not apply.

Pros and Cons for Filipino Traders

Pros

• True ECN execution with zero markup and spreads from 0.0 pips.
• Very fast execution speeds with minimal slippage.
• Regulated by ASIC in Australia, offering premium corporate governance.

Cons

• $100 minimum deposit may be too high for micro-retail traders.
• Filipino client accounts trade under unregulated SVG entity.
• Dormant accounts are charged an inactivity fee.

Account Types & Platform Specifications

FP Markets offers several trading account structures:

FP Markets ECN trading platform showing raw spreads

Local Payment Methods: GCash, Cards & Crypto

FP Markets supports convenient local deposit channels:

• GCash & Maya: Deposit instantly using e-wallet third-party gates.
• Local Banks: Online banking transfers from BDO, BPI, and UnionBank.
• Crypto & E-wallets: Supports USDT, Neteller, and Skrill.

Note: KYC verification is mandatory before withdrawals are permitted. Ensure your uploaded ID and address details match your profile.

Regulatory Status & SEC Warnings

First Prudential Markets Pty Ltd is regulated by ASIC in Australia. Accounts from the Philippines are opened under First Prudential Markets Ltd, registered with the FSA of St. Vincent and the Grenadines (SVG). It is not licensed by the SEC Philippines.

In the Philippines, retail forex trading on offshore platforms operates in a regulatory grey area. There are no restrictions preventing retail individuals from depositing and trading, but any profits generated must be declared as foreign-sourced income for tax filings with the Bureau of Internal Revenue (BIR).

Risk Warning & Jason's Advice

CFD trading involves high risk, especially when utilizing leverage.

My ex-prop trader advice for FP Markets:

1. Choose Raw ECN: The Raw account is the main reason to trade with FP Markets. ECN spreads on EUR/USD and GBP/USD frequently drop to 0.0 pips during London/New York sessions.
2. Use Free VPS: If you run trading bots or EAs, check their website. They offer free VPS hosting if you meet minimum monthly volume requirements, reducing latency to their servers.
3. Keep Accounts Active: If you take a break from trading, withdraw your balance to avoid the inactivity fee.

FAQs