| Updated: September 26, 2025- Jump to:
- Regulations
- Trading Instruments
- Trading Platforms
- Payment Methods
- Account Types
- Support
- Conclusion
FPM Trading officially launched its operations in 2025 under the regulatory license of the Financial Services Commission of Mauritius. The broker offers an extensive product range encompassing over 10,000 financial markets, including forex, stocks, indices, commodities, bonds, and cryptocurrencies, all accessible through CFDs. Customers can trade on popular platforms like MetaTrader 4, MetaTrader 5, and cTrader. With account options including Standard and Raw, FPM Trading can accommodate both beginner and experienced traders.
The minimum deposit requirement is $60 (approximately A$100), and leverage can reach up to 1:500 for forex. The broker supports multiple base currencies and emphasizes client fund security with segregated accounts and negative balance protection. This setup ensures a flexible and diverse experience for customers, with transparent pricing and advanced tools.
| General Information about FPM Trading | |
|---|---|
| Min. Deposit | A$100 (US$60) |
| Supported Languages | Arabic, German, English, Spanish, French, Indonesian, Italian, Malay, Portuguese, Russian, Vietnamese, Chinese (Mandarin) |
| Supported Currencies | AUD, EUR, GBP, PLN, USD |
| Website | https://fpmtrading.com/ |
| Phone Number | +44 1919 340 541 |
| Support Email | support@fpmtrading.com |
| Headquarters Address | Suite 201, 2nd floor, 40 Silicon Avenue, The Catalyst Building, Cybercity, Ébène, Mauritius |
Regulations
FPM Trading services customers under investment dealer license number GB25204316, issued by the Financial Services Commission of Mauritius (FSC). The license was issued on April 25, 2025, and enables the broker to provide full dealer services, excluding underwriting. The eponymous company behind the broker’s operations is registered in the island country under registration number 220727 and has its offices located at 40 Silicon Avenue in Cybercity’s Catalyst Building in the Ébène suburb.
The Mauritius license enables the broker to extend its reach to clients from multiple countries, albeit with some restrictions. FPM Trading prohibits live-account registrations from Canada, Myanmar, Russia, Israel, the United States, North Korea, New Zealand, and Iran. Customers from most European countries are welcome to join but by doing so, they acknowledge that the broker’s services are provided outside EU regulatory protections.
FPM Trading strives to safeguard customers from incurring massive losses when trading leveraged derivatives by offering them negative balance protection. This safeguard limits customers’ risk to their deposited funds, preventing them from incurring debt beyond their initial investments.
On the downside, a customer support representative informed us the broker does not provide investor compensation in the event of the company becoming insolvent. However, it stores client funds separately from its operational capital in segregated accounts, a regulatory measure that prevents the company from misusing customers’ money.
| Regulator | Licence |
|---|---|
| FSCM | GB25204316 |
Trading Instruments
There is no shortage of potentially profitable opportunities at FPM Trading as the broker provides exposure to over 10,000 financial markets across all major asset groups, including currency pairs, equities, indices, soft and hard commodities, and cryptocurrencies. Customers can cushion against losses by diversifying their portfolios with bonds. All asset classes are tradable with leverage through contracts for difference where no physical ownership of the underlyings is involved. The broker offers spreads as low as zero pips on certain markets and supports several third-party platforms, including the MetaTrader suite and cTrader.Forex Trading
FPM Trading is ideal for those seeking competitive pricing for forex, offering them a choice from over 70 major, minor, and exotic currency pairs on the MetaTrader 4 and MetaTrader 5 platforms. Depending on their account type, clients will benefit from tight spreads starting from 0.0 pips. Traders can profit both from rising and falling currency markets as the broker facilitates forex CFD trading with maximum leverage of 1:500.
Forex traders conveniently can calculate their margins, potential profits, and swap charges by using the free forex trading calculator on the website. Savvy customers get the chance to manage their positions more effectively by setting take profit and stop loss orders. You can open positions starting from 0.01 lots (1,000 base currency units), which is ideal for customers looking to reduce their exposure with smaller trades.
The broker offers variable spreads derived from deep liquidity pools and ensures fast order execution with little to no slippage or requotes. Spreads for major pairs like EUR/USD average 1.45 pips with Standard and 0.35 pips with Raw accounts. There are no restrictions on popular strategies like scalping and hedging. The only downside is that swap-free forex trading is unavailable for the time being.
Commodity Trading
The broker enables clients to speculate on the price movements of a wide range of commodities without physically owning the underlying assets. Customers interested in trading metals can choose from 4 precious metals (gold, platinum, palladium, and silver) and 5 base metals (zinc, lead, nickel, copper, and aluminum). Gold can be traded against major fiat currencies like the dollar, the pound sterling, the euro, and the renminbi. Base metals are typically traded against the US dollar. Spreads for gold versus the dollar start from 0.04 points with Raw accounts.
Traders can diversify their portfolios further by incorporating CFDs on energies like Brent crude oil, West Texas Intermediate (WTI) crude oil, and natural gas, all of which have the US dollar on the other side of the trade. The selection of soft commodities is also satisfactory, spanning markets for cocoa, sugar, cotton, coffee, soybeans, corn, and wheat. These markets are available through cash and futures CFDs on the respective agricultural product. Average spreads for soft commodities range from 0.02 to 19.86 points, depending on the market.
Index Trading
The Mauritius-licensed broker provides ample opportunities for trading global stock indices through contracts for difference with maximum leverage of up to 1:100, 1:50 or 1:20, depending on the index. Customers can access more than 15 major indices tracking the performance of the largest companies trading on stock exchanges across Europe, Australia, Asia, and North America. Prominent examples include the FTSE 100, Nikkei 225, DAX 40, EURO STOXX 50, and S&P 500. Most of these are tradable through cash CFDs, although futures CFDs are available for IT40.
Further portfolio diversification is possible with the USD Index Basket (USDX), which measures the value of the dollar against a basket of 6 major currencies, including EUR, JPY, CAD, SEK, GBP, and CHF. Another option is to speculate on the fluctuations of the VIX Index. Often referred to as the “fear index”, VIX reflects the market’s expectation of short-term volatility in the S&P 500.
Stock Trading
Stock trading is where the broker really shines, as customers face a choice from a whopping 10,000 equity markets available on prominent exchanges like LSE, ASX, NYSE, and Nasdaq. Best of all, there is no need to own any underlying shares as all trading occurs through contracts for difference, enabling customers to profit from both bullish and bearish price fluctuations. Clients get the opportunity to react immediately to news and events that happen outside of the regular sessions, as FPM Trading also takes stock orders during extended market hours.
There is no markup on the spreads, but traders must pay nominal commissions upon entering and existing positions in stocks. Stocks from Europe and the United Kingdom incur a 0.10% commission per side, with minimum charges of €/£2. US stocks attract minimum commissions of $0.02 per share, or at least $2 per side. The minimum charges for Aussie and Hong Kong stocks are 0.05% (A$5) and 0.20% ($2) per side. As for the maximum leverage, it reaches 1:20 for stock CFDs.
Cryptocurrency Trading
A dozen or so cryptocurrency markets are tradable against the US dollar at FPM Trading. While not particularly extensive, this selection will suffice to accommodate customers seeking further market exposure. Apart from major digital assets like Bitcoin, Bitcoin Cash, Ethereum, Cardano, and Ripple, the broker quotes competitive prices for other leading coins, including EOS, Chainlink, Polkadot, Stellar, and Solana. One major advantage of trading cryptocurrencies with this broker is the availability of higher leverage ratios of up to 1:50.
Crypto traders pay no commissions as the spreads cover all trading costs regardless of account type. There is no need to own a crypto wallet, and you enjoy round-the-clock market access. As for the spreads, these vary from one cryptocurrency to the next. Bitcoin and Ethereum spreads average 2,171.09 and 435.95 at the time of publication. This asset class is accessible via the MetaTrader suite of platforms on both desktop and mobile devices.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 0.35 pips |
| AUDUSD | AVG 1.45 pips |
| EURGBP | AVG 3.5 pips |
| EURGBP | AVG 14.5% |
| EURUSD | AVG 0.08 pips |
| EURUSD | AVG 1.18 pips |
| GBPUSD | AVG 0.39 pips |
| GBPUSD | AVG 1.49 pips |
| NZDUSD | AVG 0.31 pips |
| NZDUSD | AVG 1.51 pips |
| USDCAD | AVG 0.65 pips |
| USDCAD | AVG 1.75 pips |
| USDCHF | AVG 0.96 pips |
| USDCHF | AVG 2.06 pips |
| USDCNY | AVG 8 pips |
| USDCNY | AVG 18.94 pips |
| USDJPY | AVG 0.6 pips |
| USDJPY | AVG 16.97 pips |
Trading platforms
 Platforms |
 PC / MAC |
 Smartphones |
 Tablets |
|---|---|---|---|
| MetaTrader 4 |   |   | |
| MetaTrader 5 | | | |
| Web Trader | | | |
| Trading Information | |
|---|---|
| Trading Platforms | cTrader, MetaTrader 4, MetaTrader 5 |
| Demo Account |  |
| Hedging | |
| Scalping | |
| US Traders |  |
| Arabic Traders | |
FPM Trading supports several robust third-party platforms, but currently lacks proprietary software accessible directly through web browsers. Customers have the option to download and install the desktop versions of the commonly used MetaTrader 4 and MetaTrader 5 platforms, compatible with both Standard and Raw accounts.
Using the web-based versions of the two platforms is an alternative for those reluctant to download the software. This option gives them greater flexibility as they can start trading directly in their browsers. FPM Trading additionally supports cTrader, a platform enabling algorithmic trading in over 1,000 financial markets. The broker offers VPS hosting, alongside MAM and PAMM solutions. Let’s have a closer look at each supported platform.
MetaTrader 4
MetaTrader 4 delivers world-class trading to customers of the broker as it offers a wealth of useful features, including a customisable interface and one-click trading for seamless order placing. Traders can utilize Expert Advisors (EAs) to fully automate their strategies and engage in algorithmic trading. Additionally, the platform offers customizable price alerts that provide immediate notifications when an asset reaches a predetermined price or a special technical indicator condition is met.
FPM Trading customers also have access to the MetaTrader Market integrated directly into the platform. The marketplace provides a vast library of trading resources available for purchase, including custom scripts, technical indicators, and Expert Advisors. Platform users can join the MQL4 community for additional tools and support. The platform can be connected to both Standard and Raw accounts, enabling traders to choose the option that best aligns with their individual style and experience level.
MetaTrader 5
More seasoned customers can enhance their trading experience further by opting for MetaTrader 5, the more advanced reiteration of MT4. The platform supports several additional features, starting with Depth of Market with level II pricing. The tool provides real-time insights into the supply and demand for various financial markets, showing the number of available buy and sell orders at different price levels. This information enables traders to gauge an asset’s liquidity, identify potential support and resistance levels, and make more informed decisions.
On top of this, the platform supports 6 pending order types and an advanced strategy tester that greatly benefits algorithmic traders. You can receive price alerts on both desktop and mobile devices to always keep pace with the markets. Scalpers can take advantage of more precise trading robots. The platform also offers trading signals for forex and enables copy trading. Last but not least, users have access to 21 timeframes and 8 order types.
cTrader
Although not as popular as the MetaTrader suite, cTrader offers no shortage of great features, making it the preferred choice of many chartists and algorithmic traders. According to the broker, the platform enables trading with great precision and efficiency in over a thousand instruments. For starters, it comes with 6 chart types (bar, candlestick, line, dot, Heikin Ashi, and HLC) and 67 built-in technical indicators.
The integrated algorithmic trading solution cTrader Algo enables users to create, backtest, and run automated trading strategies. They can also develop custom technical indicators using high-level programming languages like Python and C#. Additionally, users benefit from an economic calendar and a newsfeed integrated directly in the platform. The cTrader Copy functionality allows FPM Trading customers to follow other traders and replicate their positions.
Apart from a plethora of drawing and charting tools, the platform provides a free, secure, and publicly accessible API, allowing developers to connect directly to the cTrader backend and build custom analytical tools, among other things. The cTrader platform is compatible with desktop computers and mobile devices running on Android and iOS.
Copy Trading
Customers can engage in copy trading through the third-party MetaTrader and cTrader platforms. FPM Trading provides up-to-date ratings of signal providers based on their performance and the profits they have generated within a specific period. Copers can view the signal providers’ full trading history and follow them to replicate their strategies in their own portfolios. The number of providers a single copier can follow is unlimited. Copiers can maintain greater control using risk management tools like stop loss and take profit orders.
Activating and deactivating the feature is possible with a single click. To use it, new copiers simply must sign into the social trading portal with their credentials for the respective platform. Becoming a signal provider is equally quick and hassle-free. After activating the feature from the social trading portal, new signal providers must create an offer, specify their performance fee, and choose at what intervals to charge it. Once they post their offer in the social trading community, others can see it and hopefully accept it.
Payment methods
FPM Trading enables deposits with several familiar payment methods, including Visa and Mastercard debit/credit cards, local and international bank transfers, and cryptocurrencies. Customers can view the full list of supported deposit methods after logging into their client area and selecting “Funding” in the left-hand side menu. While payment information is scarce, a customer support agent informed us that the minimum deposit amount is A$100, or approximately 60 US dollars.
Deposits with cards are typically processed in real-time, but cryptocurrencies might take up to an hour. Bank transfers are by far the slowest deposit method, requiring up to 5 business days to complete. The broker charges no additional fees on deposits or withdrawals but you may incur some blockchain fees if using cryptocurrencies. We should note that FPM Trading requires customers to withdraw the same amount they have deposited back to the original deposit method.
Once the original deposit has been withdrawn, traders will be able to use an alternative withdrawal method. The same methods available for deposits can also be used for withdrawals, without additional charges on the broker’s side. The minimum generally starts from $5 but can be higher depending on your chosen withdrawal solution.
Waiting times are again method-specific, with cryptocurrency withdrawals being released within an hour or so. Withdrawals to credit and debit cards may take 5 business days, while bank transfers require up to 8 days. However, the exact processing timeframe depends on the local or international banking system involved. FPM Trading supports a broad range of swift bank wire solutions to ensure clients’ funds are transferred as swiftly as possible.
As for the supported base account currencies, customers can deposit and withdraw in US dollars, euros, pound sterling, and Polish zloty, among other available options. We highly recommend that you denominate your trading account in your national currency to avoid running up additional currency conversion expenses.
| Brand | Minimum | Fees | Processing Time |
 | $50 | For IRESS Domestic (AUD): 1.6% International: 3.18% | MT4/5: Instant funding Iress: 1 business day |
 | $50 | For IRESS Domestic (AUD): 1.6% International: 3.18% | MT4/5: Instant funding Iress: 1 business day |
 | $50 | For IRESS 4% | 1 business day |
 | $50 | No Fees MT4/5 2% fee for IRESS | MT4/5: Instant funding Iress: 1 business day |
 | $50 | For IRESS 4% | MT4/5: Instant funding Iress: 1 business day |
 | $50 | For IRESS 4% | MT4/5: Instant funding Iress: 1 business day |
 | $50 | No Fees | MT4/5: Instant funding Iress: 1 business day |
 | $50 | No Fees | MT4/5: Instant funding Iress: 1 business day |
 | $50 | No Fees | 1 business day |
| Brand | Minimum | Fees | Processing Time |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
| - | No Fees | MT4/5: Instant funding Iress: 1 business day |
Account types
With several account types to choose from, customers of FPM Trading enjoy the flexibility of selecting an option that best aligns with their strategy and style. Onboarding clients can start with free demo accounts to acquaint themselves with the broker’s platforms and services. FPM Trading offers two main types of live accounts, both compatible with the MT4 and MT5 platforms. Which one is more suitable for you depends on whether you prefer trading with slightly higher spreads and no commissions, or vice versa.
The broker does not offer Islamic accounts at the time of publication. However, a support representative informed us that FPM Trading plans to start offering swap-free accounts in the future exclusively for customers of the Muslim faith, in accordance with the Shariah Law. When available, the broker will provide detailed information and clarifications on its website.
| Market | Leverage |
|---|---|
| Crypto CFDs | 1:50 (FSCM | Retail Account) |
| Stock CFDs | 1:20 (FSCM | Retail Account) |
| Crypto CFDs | 1:50 (FSCM | Retail Account) |
| Energy CFDs | 1:100 (FSCM | Retail Account) |
| Crypto CFDs | 1:50 (FSCM | Retail Account) |
| Metal CFDs | 1:500 (FSCM | Retail Account) |
| Stock CFDs | 1:20 (FSCM | Retail Account) |
| Index CFDs | 1:100 (FSCM | Retail Account) |
| Index CFDs | 1:100 (FSCM | Retail Account) |
| Forex CFDs | 1:500 (FSCM | Retail Account) |
Demo Accounts
FPM Trading actively encourages new customers to test its services in a demo environment first. Both Standard and Raw accounts are available in a demo format. The demo application process is very streamlined and requires no more than a minute to complete. Traders simply must fill in their personal details (name, email address, and phone), choose a platform and base currency, and enter a strong password.
Double-check your contact information as the broker will then provide a unique nine-digit account number and send your login details by email. Customers who have chosen to connect their demo accounts to MT4 or MT5 must download and install the desktop version of the respective platform. Each client can open multiple demo accounts to test different strategies with zero risk. Demo accounts do not have a fixed expiration date, with customers being able to use them for as long as they need to build experience and hone their skills.
Standard Accounts
Standard accounts are more suitable for inexperienced traders still struggling to calculate their trading expenses. With this account type, there are no commissions as all trading costs are built into the spreads. Spreads are slightly higher as they effectively include a mark-up of around 1 pip on forex and precious metals. We should note that this markup only applies to positions in currency pairs and metals like gold, however. Other asset classes like indices and cryptocurrencies are tradable commission-free without a markup.
Onboarding traders can start by depositing AU$100 (around US$60) or the equivalent amount in their preferred based account currency. Standard account holders can manage their positions through the MetaTrader 4 and MetaTrader 5 platforms, although cTrader is available as well. Leverage for forex reaches 1:500 but customers can adjust their leverage ratios via the trading platform or by contacting the support staff.
Raw Accounts
The Raw account is better suited to the needs of more experienced customers, allowing them to trade with spreads as low as 0.0 pips. This spread reduction is accompanied by a $3 commission per side, per standard lot on positions in forex and precious metals. In other words, each standard lot in these markets incurs a round-turn commission of $6. We should point out that the commission may be lower or higher, depending on the base currency of your account.
Traders with accounts denominated in the euro or pound sterling pay €2.75 and £2.25 per side, respectively. Other asset classes like soft commodities, indices, and cryptocurrencies are tradable commission-free. Positions in stock CFDs are the sole exception as they attract nominal commissions regardless of what account type you choose. With the exception of their commission-based pricing structure, Raw accounts offer the same maximum leverage caps and product range.
Support
The FPM Trading support representatives are on standby and ready to assist customers 24 hours a day, 7 days a week. Customers can choose from three main contact channels, starting with the live chat. Accessible through the blue icon in the lower right corner of the screen, the chat service is initially provided by the broker’s AI agent. The chatbot is available 24/7 and can provide basic information about account registration, funding, and trading.
When faced with more complex issues, customers can request a transfer to a human representative after providing their name, email address, and account number. Alternatively, traders can seek information and assistance by emailing their queries to support@fpmtrading.com. Calling on the phone or requesting a callback is also an option. The support number is +44 191 9340 541, but the phone line is available only on weekdays from 8 am to 6 pm.
The broker additionally offers a self-help section containing a broad selection of frequently asked questions. There, you will find detailed information on how to open a demo account, how to fund your live account, how to withdraw from your live balance, and more. From what we saw, the self-help section is accessible only after registration and logging into your account.
Conclusion
In summary, FPM Trading offers a comprehensive multi-asset trading experience with transparent pricing, high leverage options, and access to thousands of financial markets across forex, stocks, commodities, indices, bonds, and cryptocurrencies. The broker supports leading platforms like MT4, MT5, and cTrader, catering to both beginners and experienced traders.
While regulated in Mauritius with necessary client fund protections, it lacks investor compensation schemes and swap-free accounts for now. Overall, FPM Trading suits traders seeking diverse assets and flexible account options, though some regional and service limitations may apply.