Overview
FP Trading is the offshore/partner brand of the FP Markets group — the same broker family, the same ECN infrastructure, and almost identical trading conditions to the well-known FP Markets, but operated through separate, purely offshore-regulated entities. For algo and EA traders this means tight raw spreads, a flat commission, 1:500 leverage with no EU cap, and no strategy restrictions. The trade-off is a thinner regulatory framework — and that is precisely the central consideration of this review.
Regulation & Safety
FP Trading operates through several offshore-regulated entities: FSC Mauritius (primary licence), FSA St. Vincent, FSRA St. Lucia, and FSCA South Africa. Unlike the main FP Markets brand, there is no top-tier supervision (no ASIC, no CySEC). This is an established offshore setup, of the kind many international brokers use for non-EU clients, but it offers only a moderate level of protection.
Client funds are held segregated, and FP Trading advertises additional deposit insurance up to 1M USD through Lloyd's of London — a sensible safety net, though it does not fully replace EU deposit protection. We therefore rate the regulation at the lower end of the established offshore class.
Costs
The Raw account delivers raw spreads from 0.0 pips with a commission of 3.00 USD per lot per side — 6.00 USD round-trip, or effectively around 0.6 pips on EUR/USD. That is on par with the strongest ECN brokers and identical to FP Markets' raw pricing. The Standard account foregoes commission but calculates spreads from 1.0 pips — not an option for scalpers or EA portfolios. Both accounts start at a 100 USD minimum deposit.
Execution
FP Trading uses the FP Markets group's ECN pricing with access to Tier-1 liquidity providers (including Goldman Sachs, J.P. Morgan, Citi, Barclays). In practice this means low latency, minimal slippage, and no dealing-desk intervention. Execution quality solidly covers latency-sensitive EAs and scalping strategies. We apply a slight deduction relative to the top brokers on our list because FP Trading — unlike FP Markets — does not communicate a separately documented Equinix NY4/LD4 co-location for the offshore entity.
EA & Algo Suitability
From an algo perspective, FP Trading is strongly positioned: EAs, scalping, and hedging are explicitly and unreservedly permitted, MT4, MT5, and cTrader are available, and a VPS is offered (free depending on volume or deposit). This allows multi-EA portfolios to run around the clock without leaving a personal machine on. Compared with the main brand, TradingView (on the Raw account) and IRESS are missing — acceptable for pure MT4/MT5 and cTrader EAs.
Conditions, Deposits & Support
The minimum deposit is 100 USD, and leverage reaches 1:500 on all accounts. Deposits and withdrawals cover cards, bank transfers, and crypto (USDT); support is multilingual and, according to the broker, available around the clock. Swap-free Islamic accounts are available. Deductions stem mainly from the offshore regulation and the somewhat narrower tool and platform offering relative to FP Markets.
Verdict
FP Trading delivers the EA-friendly ECN conditions of the FP Markets group — tight raw spreads, a flat commission, 1:500 leverage, and no strategy restrictions — wrapped in a purely offshore-regulated entity. Traders seeking maximum leverage without an EU cap and low costs, who can live with Mauritius/St. Vincent regulation, will find a solid algo broker here. Those prioritising top-tier supervision (ASIC/CySEC) should instead choose the main FP Markets brand or IC Trading. The additional 1M USD insurance softens the regulatory risk but does not eliminate it.