FP Markets — MT5

Account conditions

Research checked

2026-10-12

Testing status

Not tested

Recorded virtual amount

100000

Recorded currency

Requires Verification

Expiry category

inactivity

Evidence category

Documentation reviewed

Signup requirements

Personal details; no documents

Notes and remaining checks

Amount is general FAQ; platform-specific initial funding unconfirmed.

Record ID

fp-markets-mt5-au

Broker

FP Markets

Legal entity

First Prudential Markets Pty Ltd

Research region codes

• AU

Research region code

AU

Research region

Australia

Research scope

Australia

Platform code

mt5

Platform

MT5

Documented terms

No swaps; liquidity constraints may differ

Balance reset or adjustment

Dashboard balance edit

Live account or deposit

Demo-first route; no live funding stated

Devices

Not stated for demo

Forex coverage

Forex

What the evidence establishes

Official broker documentation; signup and trading not tested.

Supporting sources

• FP Markets Australia trading FAQ
• FP Markets Australian demo registration

Official information source

FP Markets Australia trading FAQ

Official entry route

Open registration portal

Route type

portal

Notes and remaining checks

Demo registration portal; select your platform.

Evidence status

Official entry route

URL

https://portal.fpmarkets.com/demo/register

Route source

https://portal.fpmarkets.com/demo/register

Research checked

2026-10-13

Testing status

Not tested

Execution and demo realism

Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.

Scope

First Prudential Markets Pty Ltd · AU · cTrader, MT4, MT5, TradingView. Public documentation; no account or execution tests.

Testing status

Not tested

Contractual role

Finding

Principal

Evidence status

Documented

Notes and remaining checks

The CFD schedule states that CFD transactions are entered into with FP Markets as principal; this is CFD scope, not every service in the broad account terms.

Supporting sources

• FP Markets Australian Retail Client Account Terms

Research checked

2026-10-13

Execution arrangement

Finding

ECN pricing / no dealing desk

Evidence status

Broker-reported

Notes and remaining checks

Australian FAQ describes no-dealing-desk ECN pricing from liquidity providers. This marketing description does not change the contractual principal role.

Supporting sources

• FP Markets Australia trading FAQ

Research checked

2026-10-13

Demo realism

Finding

Liquidity constraints and swaps differ

Evidence status

Documented

Notes and remaining checks

General Australian demo disclosure: virtual funds, possible omission of live liquidity constraints, and no swap charges. Not a separate test of each platform.

Supporting sources

• FP Markets Australia trading FAQ

Research checked

2026-10-13

Research review

Research checked

2026-10-13

Review outcome

Reviewed official documentation: role Principal; arrangement ECN pricing / no dealing desk; demo Liquidity constraints and swaps differ. No accounts opened or tested.

Remaining checks

• Verify slippage, rejection, margin-closeout and commission treatment separately on each demo platform.

Demo markets

Scope

First Prudential Markets Pty Ltd · Australia · MT5. Market coverage not yet reviewed.

Testing status

Not tested

Forex CFDs

Evidence status

Requires Verification

Notes and remaining checks

Forex CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

Cryptocurrency CFDs

Evidence status

Requires Verification

Notes and remaining checks

Cryptocurrency CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

API access

Evidence status

Requires Verification

Type

Requires Verification

Access route

Not established for this offering

Notes and remaining checks

API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.

Requirements

Confirm the account, platform and regional requirements with the broker.

Supporting sources

No supporting source recorded for this field.

Official documentation

No supporting source recorded for this field.

Research checked

Requires Verification

Testing status

Not tested

Entity and regulatory research

Evidence status

Verified

Legal entity

First Prudential Markets Pty Ltd

Regulator

Australian Securities and Investments Commission (ASIC)

Finding

ASIC current licence286354 identifies FIRST PRUDENTIAL MARKETS PTY LTD. Latest displayed conditions (13 November 2017) include financial product advice, dealing (including issuance and dealing on behalf of another) and market making in derivatives and foreign exchange contracts to retail and wholesale clients.

Scope

Australian entity only. Conditions also cover other products, but this research records relevant Forex scope, not a complete licence transcription. Does not establish all residence eligibility or other FP Markets group companies.

Supporting sources

• ASIC Professional Registers — FIRST PRUDENTIAL MARKETS PTY LTD

Reading the evidence

Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.

Official sources