FP Markets List of Supported & Banned Countries

FP Markets is a forex and CFD broker founded in 2005, offering over 10,000 trading instruments. It does not accept clients from every country, though, as regulatory requirements and business decisions limit where it can operate. In this article, we look at the countries FP Markets does not accept clients from and explain which of its entities you register with. We also mention a few alternatives for traders who cannot open an FP Markets account.

FP Markets decides eligibility when you register, based on where you live. You can check whether FP Markets accepts clients from your country on its website.

74.73% of retail CFD accounts lose money

FP Markets Banned Countries

According to FP Markets, it does not accept clients from countries including the United States, Japan, New Zealand, Belgium, Iraq, Iran, North Korea and Syria. These are examples rather than a complete list, and the list can change at any time. When you open an account, the country menu on FP Markets' registration page shows whether your country is accepted.

A country not appearing on this list does not mean FP Markets will accept you, or that FP Markets is regulated in your country.

FP Markets Supported Countries and Entities

FP Markets operates through several companies, and the one you are registered with depends on where you live. Your entity decides which regulator oversees your account, which products you can trade and what investor protection applies.

Clients registered with the ASIC, CySEC or FSCA entity are covered by those regulators' rules, while the Mauritius and St Vincent and the Grenadines companies offer lighter oversight. Make sure you are onboarded with the right entity for where you live. Check which entity is named in your account documents before you deposit.

What FP Markets Has to Offer

FP Markets offers forex trading and CFDs on shares, metals, commodities, indices, cryptocurrencies, bonds and ETFs. Its headline figure of over 10,000 instruments includes thousands of international shares. Trading is available on MetaTrader 4, MetaTrader 5, cTrader, TradingView and the FP Markets mobile app, with IRESS also offered in certain regions.

The Standard account has spreads from 1.0 pips on major currency pairs with no commission, while the Raw account offers spreads from 0.0 pips and charges a commission of $3 per side per lot. A demo account is available to test the conditions before trading with real money.

Alternatives to FP Markets

Pepperstone: Alternative With FCA, ASIC and BaFin Licences

Pepperstone is a globally regulated CFD broker with clients in over 170 countries, and a strong alternative to FP Markets. It offers over 1,350 CFDs across forex, indices, sector indices, equities, commodities, ETFs and cryptocurrencies. Like FP Markets, Pepperstone supports MT4, MT5, cTrader and TradingView.

Pepperstone offers two main account types, each with a distinct fee structure. The Standard Account provides spreads starting from 1.0 pips with no commission, while the Razor Account offers raw spreads from 0.0 pips and charges a commission that varies by platform.

For MetaTrader 4 and 5 users, the commission is $3.50, €2.60, £2.25, or CHF 3.30 per side per lot, depending on the account currency. On TradingView and Pepperstone’s own platform, the commission remains $3.50 per side per lot. Traders using cTrader pay a lower rate of $3.00 per side per lot. For non USD accounts, commissions are converted at the current spot rate.

Pepperstone is licensed by several regulators, including the FCA (UK), ASIC (Australia), CySEC (Cyprus), BaFin (Germany) and the CMA (Kenya), among others.

74.1% of retail CFD accounts lose money

XM: Alternative With Over 20 Million Clients

XM is a well known forex and CFD broker with over 20 million clients in 190 countries. The company is regulated by multiple authorities, including the FSC in Belize, CySEC in Cyprus and the DFSA in the UAE.

XM offers over 1,400 CFDs spanning forex, shares, commodities, indices, metals, energies and cryptocurrencies. The broker offers competitive trading conditions, with spreads starting from 1.6 pips on the Standard account. XM’s Ultra Low accounts feature even tighter spreads, starting from 0.8 pips, and neither account type charges a commission. Trading is available on MetaTrader 4, MetaTrader 5 and the XM app.

75.12% of retail investor accounts lose money when trading CFDs with this provider.

Exness: Alternative With Standard Spreads From 0.2 Pips

Exness is one of the largest retail forex brokers by trading volume, serving traders from over 130 countries. It is regulated by the FSCA in South Africa, the CMA in Kenya and the FSA in Seychelles, among other regulators.

Exness offers CFDs on forex, metals, cryptocurrencies, energies, indices and stocks, and supports MetaTrader 4, MetaTrader 5 and its own Exness Terminal and mobile app.

Exness offers several account types. Spreads on the Standard account start from 0.2 pips on major currency pairs with no commission charged, and the Standard Cent account also charges no commission, with spreads from 0.3 pips on major currency pairs. Its Raw Spread and Zero accounts offer spreads from 0.0 pips and charge a commission per lot instead.

Your capital is at risk. Leveraged products may not be suitable for everyone.

Closing Remarks

Regulatory requirements and business decisions are the reasons FP Markets does not accept clients from some countries. Because the list changes over time, FP Markets' registration process is the most reliable way to check whether it accepts you, and it is worth confirming that FP Markets is regulated in your country before you open an account.

If FP Markets is not available to you, the alternatives above are worth comparing. Make sure the broker you choose suits your trading needs and is regulated for clients in your country.

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