FP Markets List of Supported & Banned Countries

FP Markets is currently one of the best brokers in the world today. With over 10,000 trading instruments, this broker is very attractive to traders who want to diversify their portfolios. This company currently serves clients from many countries in the world. It is especially popular among European clients. However, there are countries where FP Markets does not accept clients. Today, we will be looking at FP Markets' list of supported and banned countries. We will also give you some alternatives to FP Markets with reliable trading conditions.

Not sure if FP Markets supports traders from your country? Try opening an account, if this works, they welcome traders from your country

74.73% of retail CFD accounts lose money

FP Markets List of Supported Countries

FP Markets is a trusted global Forex and CFD broker, operating internationally through multiple entities regulated by Tier-1, Tier-2, and Tier-3 authorities. These include:

ASIC

Australia - FP Markets (First Prudential Markets Pty Ltd) is licensed by the ASIC (Australian Securities & Investments Commission) in Australia. This license allows FP Markets to accept traders from Australia. 

CySEC

Cyprus - FP Markets (First Prudential Markets Ltd) is regulated by the Cyprus Securities and Exchange Commission (CySEC). This license, granted under MiFID and the European Economic Area (EEA) agreement, permits FP Markets to operate across EU member states. As a result, the broker can legally accept traders from the following countries:

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czechia
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden

FSCA

South Africa - FP Markets (Pty) Ltd is licensed by the FSCA in South Africa, allowing it to offer regulated financial services to local clients.

FSC

Mauritius- FP Markets Ltd is authorised and regulated by the Financial Services Commission in Mauritius.

SVG

St. Vincent and the Grenadines - FP Markets LLC is a registered company of St. Vincent and the Grenadines.

FP Markets Prohibited Countries

Unfortunately, FP Markets does not accept clients from the United States, Japan, New Zealand, Belgium, Iraq, Iran, North Korea, and Syria. These are just a few examples of countries not supported by FP Markets. When opening an account, clients can check whether their country is supported on a drop-down menu found on the registration page.

Some of the countries on this list have some of the most active traders in the world. Luckily, there are great alternatives to FP Markets that accommodate clients from these countries. Let’s look at some of them.

What FP Markets Has To Offer

As mentioned, FP Markets offers over 10,000 trading instruments to invest in. On this broker site, clients can trade forex currencies and CFDs in shares, metals, commodities, indices, cryptocurrencies, bonds, and ETFs. There are over 60 different currency pairs, 5 different cryptocurrencies, and well over 10,000 international shares for clients to speculate on. These trading instruments are available for trading on a variety of trading instruments provided by FP Markets.

These include MetaTrader 4, MetaTrader 5, Iress Trader, FP Markets mobile app, and cTrader. These platforms are available on a variety of devices and all kinds of traders are catered for. Whether you are a mobile user, PC, Mac, or web, there is a trading platform for you.

Further, FP Markets charges fairly low spreads to clients when trading. The Standard account charges clients a variable spread starting from 1.0 pips for major currency pairs. On the other hand, the spreads on the Raw account start from 0.0 pips while charging a commission of $3 per side per lot. Clients can test out the offering by FP Markets on a demo account that remains active as long as the client uses it.

Now let’s look at the regulatory status of FP Markets. Well, this broker is regulated by the CySEC, the FSCA, and the ASIC. The CySEC and the ASIC are two of the best regulators in the market today. Moreover, the regulatory licenses this broker holds allow it to operate freely across Europe, Africa, and Australia. Sadly, the services offered by FP Markets are not available to all people. There are countries from which this broker does not accept clients. Let’s look at them below.

Some Great Alternatives to FP Markets

Pepperstone - (Alternative for UK, EU, AU and International Traders)

Pepperstone is a top-tier CFD broker and a strong alternative to FP Markets with a presence in 174 countries. It offers access to over 1,200 instrument CFDs across forex, indices, sector indices, stocks, commodities, ETFs, and cryptocurrencies, making it a great option for traders seeking broad market coverage. Similar to FP Markets, Pepperstone provides access to powerful and feature-rich trading platforms such as MT4, MT5, cTrader, and TradingView.

Additionally, it offers its own proprietary mobile-based platform, enhancing flexibility for traders on the go. Pepperstone provides two core account types: the Standard Account, featuring spreads from 1.0 pip with no commission, and the Razor Account, which offers raw spreads from 0.0 pips plus a small commission, depending on the trading platform.

For MetaTrader users, commissions on the Razor Account are $3.50, €2.60, £2.25, or CHF 3.30 per side per lot, based on account currency. TradingView and Pepperstone’s proprietary platform also charge $3.50 per side. For cTrader users, the fee is slightly lower at $3.00 per side. If the account is denominated in a non-USD currency, conversions apply at spot rates.

Pepperstone holds licenses from several reputable regulators, including the FCA (UK), ASIC (Australia), CySEC (Cyprus), BaFin (Germany), and CMA (Kenya), among others. This strong regulatory foundation, combined with excellent trading conditions, makes Pepperstone an appealing choice for both newcomers and seasoned traders.

73.7% of retail CFD accounts lose money

OANDA US (Alternative for US)

OANDA US is a great option for traders situated in the US. For starters, the company is registered by the CFTC and is a member of the NFA. Its activities are governed by the NFA whose job is to safeguard the integrity of the derivatives market, protect the interests of investors, and ensure members follow regulatory laws.

Notably, OANDA US avails a total of 45 different currency pairs to trade on its website. Some of the best currency pairs for US clients to trade include EURUSD, AUDUSD, GBPUSD, NZDUSD and USDCAD. Clients of OANDA US can only trade forex currencies as CFD trading in the US is illegal.

Luckily, this broker site does not charge clients highly for trading forex. Typical spreads on OANDA start from 1.0 pips for major currency pairs. Further, the trading platforms provided by this broker include the fxTrade mobile app and the MetaTrader 4 and MetaTrader 5 platforms. These are customary platforms that meet the demands of the majority of traders. A demo account is available for investors who want to test out OANDA before investing real money.

Online trading involves significant risk of loss and is not suitable for all investors.

eToro US (Alternative for US)

eToro US is a perfect option for clients who want to diversify their portfolios. While it currently does not offer forex trading in the US they do support investing in other instruments such as stocks and cryptocurrencies. Some ways clients can fund their account on eToro include Credit/Debit cards, Wire Transfers, Skrill, Neteller and WebMoney. The minimum first-time deposit is $50 in the US. There is a free demo account and an educational section for traders who want to learn and practice new trading strategies.

The eToro platform is the main trading software offered by the company. This platform has tons of features including the CopyTrader technology that allows investors to copy the moves of more successful traders. Additionally, there are no hidden fees on eToro. eToro is very transparent on the charges that apply when trading. The company features a Market Hours and Fees Page for clients to access this information.

eToro is a multi-asset investment platform. The value of your investments may go up or down.
Your capital is at risk. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk,including loss of principal; Not a recommendation

Our Final Thoughts

While FP Markets is an excellent trading partner for many investors globally, it is not available in all countries across the world. In this review, we mentioned a few countries from which FP Markets does not accept clients. However, we mentioned a few brokers which are great alternatives to FP Markets in these countries. If you cannot access FP Markets from your location, we hope the companies mentioned here meet your trading needs.