No authorisation to serve retail clients in the EU — the brand operates only through companies outside the EU.
Rating in the non-EU broker ranking (separate methodology, for information only): 4.8/10 →
FP Trading Review 2026: Accounts, Fees, Regulation and Risks
FP Trading is a forex and CFD broker operating through companies outside the EU. The party to its public client agreement (Client Agreement v4) is FP Trading LLC, registered in St Vincent and the Grenadines (no. 126 LLC 2019) with no investment-services licence. The website also lists FP Trading (MU) Limited (FSC Mauritius licence GB26205878, according to the broker), FPK Trading (FSCA, South Africa, according to the broker), FP Trading Securities L.L.C. (a UAE CMA licence for introduction and promotion only, according to the broker), an entity registered in Saint Lucia and the Cypriot payment agent Bright Collect Ltd — the Mauritius, South Africa and UAE licences could not be verified in the registers. It offers MT4, MT5, cTrader and its FP Trader app (built on TradingView), leverage up to 1:500 and accounts from $100.
In short: trading costs are competitive (Raw account: spreads from 0.0 pips + $3 per lot per side), but FP Trading is not authorised in the EU or UK, and the company you contract with (FP Trading LLC) holds no investment-services licence anywhere. Its extra safeguards — Financial Commission membership since 16 Mar 2026 with a compensation fund of up to €20,000 and a $1 million Lloyd’s insurance policy against the company’s operational risks, which does not insure individual clients’ funds — are not a substitute for top-tier regulation. We checked FP Trading’s website on 25 October 2026, and its client agreement, legal documents, regulators’ registers and warning lists on 4 November 2026.
Disclosure: the buttons in this review are affiliate links to FP Markets (First Prudential Markets Ltd, CySEC 371/18) — an EU-licensed brand, not FP Trading. ForexRev may receive a commission if you open an account. This does not affect our assessment.
| FP Trading at a glance | Checked 25 Oct 2026 (companies, protection and warnings: 4 Nov 2026) |
|---|---|
| Companies | FP Trading LLC (St Vincent and the Grenadines, no. 126 LLC 2019) — party to the client agreement, company registration only, no licence; FP Trading (MU) Ltd — FSC Mauritius GB26205878 according to the broker; FPK Trading (Pty) Ltd — FSCA according to the broker; FP Trading Securities L.L.C. — UAE CMA (promotion) according to the broker; FP Trading Ltd (Saint Lucia) — company registration. The FSC, FSCA and CMA licences could not be verified in the registers. |
| EU/UK authorisation | none — “outside the European regulatory framework, not governed by MiFID II” |
| CFD risk warning | 75.5% of retail investor accounts lose money when trading CFDs with this provider. |
| Protection | Financial Commission membership since 16 Mar 2026 (fund up to €20,000 if a ruling is not honoured); $1m Lloyd’s insurance against the company’s operational risks, not cover for individual clients’ funds |
| Standard account | from $100; spreads from 1.0 pips; no commission |
| Raw account | from $100; spreads from 0.0 pips + $3 per lot per side |
| Leverage | up to 1:500 |
| Platforms | MT4, MT5, cTrader, FP Trader |
| Deposits | cards, bank transfer, cryptocurrencies |
📌 Table of Contents
- 1. Is FP Trading regulated?
- 2. Accounts and costs
- 3. Platforms
- 4. Pros, cons and verdict
- 5. Alternatives
- 6. How to check whether a broker is licensed in the EU
- 7. EU-licensed vs non-EU brokers — key differences
- 8. How to spot a risky broker — warning signs
- 9. Regulated alternatives to FP Trading — comparison
- 10. Withdrawing money from FP Trading — how it works
- 11. Already have a FP Trading account? What to do
- 12. Glossary: terms to know before opening a FP Trading account
- 13. FAQ
1. Is FP Trading regulated?
The company you contract with is not. The public client agreement (Client Agreement v4), the order execution policy, the conflicts of interest policy and the complaints policy name only FP Trading LLC, a company registered in St Vincent and the Grenadines (no. 126 LLC 2019). The documents describe it as “authorised by the Financial Services Authority”, but this is only a company registration: the St Vincent FSA does not license forex or CFD brokers. The website also lists FP Trading (MU) Limited, licensed by the Financial Services Commission of Mauritius (GB26205878), and FPK Trading, licensed by the FSCA in South Africa (FSP 52858) — these licences could not be verified in the regulators’ registers, and the website does not say which clients these companies serve. The other entities are FP Trading Securities L.L.C. in the UAE (a CMA licence for introduction and promotion only, according to the broker; it does not enter into CFD contracts), FP Trading Ltd in Saint Lucia (registration) and the Cypriot payment agent Bright Collect Ltd. None is authorised in the EU or UK, and the broker itself states that it is not governed by MiFID II. We found no regulator warnings about FP Trading on the KNF, AMF, CNMV or CySEC lists (as of 4 Nov 2026).
- No EU protections: no ESMA leverage caps (1:500 available), no statutory negative balance protection and no investor compensation scheme. FP Trading LLC’s client agreement does provide contractual negative balance protection (clause 18.3) and for client money to be held in segregated omnibus accounts (clause 20.1) — commitments by the company, not regulatory guarantees.
- Financial Commission is a private dispute-resolution body; its fund pays up to €20,000 if a member does not honour a ruling. FP Trading has been a member since 16 Mar 2026.
- $1 million insurance (Lloyd’s) covers operational risks such as fraud, errors and system failures, according to the broker. It is a policy against the company’s operational risks, not insurance of each client’s funds.
This link goes to FP Markets — First Prudential Markets Ltd (CySEC 371/18, EU), not FP Trading. 74.51% of retail CFD accounts lose money.
2. Accounts and costs
| Standard | Raw | |
|---|---|---|
| Minimum deposit | $100 | $100 |
| Spreads | from 1.0 pips | from 0.0 pips |
| Commission (FX, metals) | none | $3 per lot per side |
| Leverage | up to 1:500 | up to 1:500 |
| Minimum trade | 0.01 lot | 0.01 lot |
3. Platforms
- MetaTrader 4 and 5 (EAs, VPS).
- cTrader.
- FP Trader — a web platform and mobile app under the broker’s brand, built on TradingView.
- Copy trading, MAM/PAMM, Trading Central.
4. Pros, cons and verdict
✅ FP Trading pros
- Low costs on the Raw account.
- MT4, MT5, cTrader and the FP Trader app (built on TradingView).
- Financial Commission membership and operational-risk insurance.
❌ FP Trading cons
- No EU/UK authorisation — no MiFID II, ESMA or compensation-scheme protection. The contracting company (FP Trading LLC) holds no investment-services licence, and the Mauritius and South Africa licences could not be verified.
- Leverage up to 1:500 increases risk.
- Crypto deposits.
- 75.5% of retail CFD accounts lose money.
ForexRev verdict
FP Trading offers attractive pricing, but it operates outside EU and UK regulation, and its client agreement is with a St Vincent company that holds no investment-services licence. Traders who value regulatory protection — leverage limits, negative balance protection and compensation schemes — should choose a broker authorised in their region.
This link goes to FP Markets — First Prudential Markets Ltd (CySEC 371/18, EU), not FP Trading. 74.51% of retail CFD accounts lose money.
5. Alternatives
- FP Markets — a similarly named brand with an EU-licensed company.
- Tickmill — CySEC and FCA regulated, raw spreads.
- IC Markets — IC Markets (EU) Ltd, CySEC.
6. How to check whether a broker is licensed in the EU
- Check the website footer for which company provides the services and where it is registered.
- Look the company up in the register of the regulator that should supervise it (e.g. CySEC, BaFin, FCA) and in ESMA’s registers.
- Check regulators’ warning lists (KNF, FCA, AMF, CONSOB).
- Be wary of “international licences” from the Seychelles, Vanuatu or St. Vincent — they give EU residents no EU protection.
7. EU-licensed vs non-EU brokers — key differences
| EU-licensed broker | Non-EU broker (e.g. FP Trading) | |
|---|---|---|
| Retail leverage | up to 1:30 (ESMA limits) | often 1:500 or more |
| Negative balance protection | mandatory | depends on the broker’s terms |
| Compensation scheme | yes (e.g. up to €20,000 in Cyprus) | usually none |
| Deposit bonuses | banned for retail CFD clients | often offered |
| Complaint to an EU regulator | possible | no EU regulator |
8. How to spot a risky broker — warning signs
- No EU authorisation — only a registration or a licence in an offshore jurisdiction (e.g. St Vincent and the Grenadines, Vanuatu, Comoros, Seychelles). Supervision there is weaker and EU clients lose MiFID II protection.
- Leverage of 1:500 or more — in the EU, retail clients are limited to 1:30 on major currency pairs and 1:2 on crypto.
- Deposit bonuses and trading contests with prizes — EU firms may not offer them to retail CFD clients.
- Pressure to deposit more — an “account manager” keeps calling, pushes you to top up or asks you to install remote-desktop software (e.g. AnyDesk).
- Withdrawal problems — demands for an extra “AML fee”, “tax” or “unlocking cost” before you can withdraw.
- No company details — the website does not give the company name, registration number and address, or the footer does not match the regulator’s register.
- Listed in regulator warnings — check your national regulator’s warning list and the IOSCO I-SCAN database.
A single sign does not prove fraud, but the more of them you see, the more careful you should be with deposits.
9. Regulated alternatives to FP Trading — comparison
If you want a broker with EU protection, here are regulated brokers whose reviews we updated in October 2026 (figures from their summary tables):
| Broker | Company / regulator | Minimum deposit | Inactivity fee |
|---|---|---|---|
| Pepperstone | Pepperstone EU Limited (Cyprus) | €10 (cards, Apple Pay, Google Pay, PayPal) | none |
| Admirals | Admirals Europe Ltd (Limassol, Cyprus) | Trade and Zero: €100 / $100 | €10 per month after 24 months without trading (positive balances only) |
| FOREX.com | StoneX Europe Ltd (Nicosia, Cyprus) | 100 units of the account currency | €15 per month after 12 months without trades or open positions |
| Dukascopy | Dukascopy Europe IBS AS (Riga, Latvia) | $100 | up to €50 per 180 days without trading (after the first 180 days) |
| easyMarkets | Easy Forex Trading Ltd (Cyprus) | $25 | $25 every 6 months after 12 months without trading |
10. Withdrawing money from FP Trading — how it works
You request a withdrawal in the client area. Under anti-money-laundering rules, funds usually go back via the method used to deposit (e.g. to the card up to the amount deposited by card) and only to an account or card in your own name. The first withdrawal may require full account verification, so upload your documents right after registering. Only free funds that are not used as margin can be withdrawn.
11. Already have a FP Trading account? What to do
- Do not deposit more until you have checked which company holds your account — its name is in the client agreement and the website footer.
- If you prefer to move your money to an EU-licensed firm, withdraw your free funds to a bank account or card in your own name and keep the evidence: screenshots, emails and your transaction history.
- Download a full account statement — you will need it for your tax return and for any complaint.
- If the broker refuses a withdrawal or asks for extra fees to “unlock” your money, complain in writing and then report it to the regulator of the country where the company is licensed. FP Trading LLC in St Vincent and the Grenadines has no such regulator — you can take the dispute to the Financial Commission, of which the broker is a member. If you suspect fraud, report it to the police and contact your bank.
- Profits made with a foreign broker usually have to be declared by you — the broker will not do it for you.
12. Glossary: terms to know before opening a FP Trading account
- Spread — the difference between the buy and sell price, paid on every trade.
- Pip — the smallest typical price move of a currency pair (0.0001 for EUR/USD).
- Lot — the standard position size: 1 forex lot is 100,000 units of the base currency; 0.01 lot (micro lot) is 1,000.
- Commission — a fixed fee per trade, usually on raw-spread (ECN/Raw) accounts.
- Swap — the daily cost or credit for holding a position overnight, based on the interest-rate differential.
- Margin — the part of the position value set aside as collateral; at 1:30 leverage about 3.33% of the position.
- Margin call and stop out — a warning and automatic closing of positions when equity falls relative to required margin.
- Slippage — execution at a different price than requested, common around news releases and price gaps.
13. FAQ – Frequently Asked Questions
Is FP Trading regulated?
Is my money protected at FP Trading?
What accounts does FP Trading offer?
Is FP Trading the same as FP Markets?
Is FP Trading licensed in the EU?
🛡️ How we checked this review
On 25 October 2026 we checked FP Trading’s website: legal notice and companies, account types, MT4/MT5/cTrader fees, insurance, Financial Commission membership, funding methods and risk warning. On 4 November 2026 we checked the client agreement (Client Agreement v4) and other legal documents, the Financial Commission member register, the scope of the Lloyd’s policy and the KNF, AMF, CNMV and CySEC warning lists; the FSC Mauritius and FSCA licences could not be verified in those regulators’ registers.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage, especially at leverage of up to 1:500. 75.5% of retail investor accounts lose money when trading CFDs with this provider. FP Trading is not authorised in the EU or UK. This review is for information only and is not investment advice or a recommendation.
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