Forex & CFD broker
FP Markets Canada Review: Is It Regulated in Canada?
By ForexCanada Editorial Team · Updated
Canada check
FP Markets holds licences outside Canada but is not registered with CIRO or any provincial securities regulator. If it accepts you, your account will normally be opened with an offshore group entity rather than its better-regulated subsidiaries — so CIPF coverage, CIRO margin rules and OBSI complaint handling do not apply. At our last check FP Markets accepted Canadian residents through its offshore entity (e.g. Seychelles or Mauritius), not its ASIC- or CySEC-licensed companies.
- Canadian status
- Not registered in Canada
- Canadian entity
- None — not registered in Canada
- CIPF coverage
- No
- OBSI complaints
- No Canadian ombudsman access
- Accepts Canadians
- Accepts Canadian residents
- Licences abroad
- ASICCySECFSCAFSA-SC(offshore)FSC-MU(offshore)
- Founded
- 2005
- Headquarters
- Sydney, Australia
Our take on FP Markets
FP Markets is a well-established Australian broker founded in 2005, with strong reviews for pricing and platform choice — MT4, MT5, cTrader and TradingView. The catch for Canadians is structural: the ASIC and CySEC-regulated companies do not onboard Canadian residents, so any Canadian account sits with an offshore subsidiary where protections are weaker. The old version of this site called FP Markets 'best for high leverage' — true, but high leverage is precisely what Canadian rules are designed to limit.
Verdict
Among the stronger offshore choices on pricing and platforms. Use it knowingly, with a small balance, or choose a CIRO dealer.
What we like
- +Raw spreads with competitive commission
- +MT4, MT5, cTrader and TradingView
- +Long track record
Watch out for
- −Canadian accounts sit with an offshore subsidiary
- −High leverage increases risk of rapid losses
- −Not registered in Canada — no CIPF, CIRO or OBSI protection
How FP Markets scores
Canadian protection carries 40% of the weight, so an unregistered firm can't outrank a registered one on price alone. See the full methodology.
Accounts, markets & platforms
- Platforms
- MT4, MT5, cTrader, TradingView
- Markets
- Forex (60+ pairs) · CFDs · Stocks
- Pricing
- Standard (spread-only) and Raw (spread + commission) accounts
- Minimum deposit
- About US$100
- Leverage
- Offshore entities often advertise 100:1 to 500:1 or more
- CAD / USD accounts
- — CAD | — USD
- Demo account
- Available
Figures are taken from the broker's own disclosures at our last review (2026-09) and change often — always confirm on the broker's website. Spot an error? Tell us.
Verify FP Markets yourself
- Look for the firm on CIRO's list of dealers it regulates.
- Search the legal entity name in the CSA National Registration Search and check it is registered in your province.
- Confirm CIPF membership in the CIPF member directory.
- Search the CSA investor alerts for the brand name and any look-alike websites.
- Make sure the account agreement you sign names the same legal entity — not an offshore affiliate.
Registered alternatives for Canadians
These firms are CIRO dealer members with CIPF-eligible accounts:
Interactive Brokers Canada
Online brokerage
Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account
Questrade
Online brokerage
Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm
CMC Markets Canada
Forex & CFD broker
Traders who want the widest CFD and currency-pair range from a Canadian dealer
FP Markets: frequently asked questions
Is FP Markets regulated in Canada?
No. FP Markets is not registered with CIRO or any provincial or territorial securities regulator, although it holds licences elsewhere (Australia, Cyprus (EU), South Africa, Seychelles, Mauritius). Canadian protections such as CIPF coverage and OBSI complaint handling do not apply.
Can Canadians open an account with FP Markets?
At our last check, FP Markets's international entity accepted Canadian residents. That entity is not the one regulated in its home country, so check which company your account is with before depositing.
Does FP Markets offer MetaTrader?
Yes — FP Markets supports MT4 and MT5, and you can also trade from TradingView.
What is the minimum deposit at FP Markets?
About US$100. Minimums change, so confirm on the broker's website before funding.
Canadian trader reviews
Reviews are submitted by readers and moderated by our editors for relevance and abuse. They are opinions, not verified facts, and never affect our score.
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