Alexander Steven Cooper

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Is FP Markets a legit broker or a scam?

FP Markets was established in 2005 in Sydney, Australia. It is regulated by the Australian Securities and Investments Commission (ASIC, AFSL 286354) and the Cyprus Securities and Exchange Commission (CySEC, license 371/18). Offshore entities under St. Vincent and the Grenadines (SVG) also serve global clients. The official site is https://www.fpmarkets.com . ASIC and CySEC oversight give FP Markets credibility, ensuring segregated client funds, negative balance protection, and strict reporting. This places FP Markets in the category of legitimate and well-regulated brokers, not a scam. However, clients onboarded under the offshore SVG entity do not benefit from the same protections.