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FP Markets offers copy trading through three channels — its own Social Trading platform, Myfxbook AutoTrade, and MQL5 Signals — with raw spreads from 0.0 pips and a $3/side ($6/RT) commission on the Raw account. Regulated by ASIC and CySEC (tier-1), with additional licences from CMA Kenya and FSA St. Vincent, FP Markets combines Australian-grade execution with multiple verified copy-trading access points. Provider performance fees cap at 50%. This review covers all three systems, costs, and who each serves best (DailyForex, 2026).
Key Takeaways
| Detail | FP Markets Copy Trading |
|---|---|
| Copy platforms | FP Markets Social Trading, Myfxbook AutoTrade, MQL5 Signals |
| Minimum deposit | $100 (AUD equivalent) |
| Raw account | From 0.0 pips + $3/side ($6/RT) |
| Provider fee cap | Up to 50% performance fee |
| Regulation | ASIC, CySEC, CMA (Kenya), FSA (St. Vincent) |
| Instruments | 10,000+ (forex, stocks, indices, commodities, crypto, bonds) |
| Trading platforms | MT4, MT5, cTrader, IRESS (stocks) |
Three Copy-Trading Systems Explained
1. FP Markets Social Trading (Proprietary)
FP Markets' own copy-trading platform — browse signal providers, view verified performance metrics, and copy with one click. The platform displays win rate, drawdown, monthly returns, and trade history. Providers set their own performance fees (up to 50% of profits).
- Cost: Standard account spreads + provider performance fee.
- Strength: Integrated experience, no external account needed.
- Best for: Those wanting a simple, single-platform copy experience under ASIC/CySEC regulation.
2. Myfxbook AutoTrade
Independent third-party verification — all provider track records are audited from live accounts. Connect your FP Markets MT4/MT5 account to Myfxbook and follow systems with confirmed, real results. This is the same Myfxbook integration available at IC Markets, but on FP Markets' competitive spreads.
- Cost: Standard account spreads apply (no additional markup unlike IC Markets' 0.6 pip). Trading fees are as per your FP Markets account type.
- Strength: Independent verification of all results — you know track records are real.
- Best for: Those who prioritise proven, audited results from an independent third party.
3. MQL5 Signals (MetaTrader Marketplace)
The MetaTrader signals marketplace — thousands of providers publishing directly in MT4/MT5. Subscribe to signals from within the platform. Largest provider pool by count, though quality varies widely.
- Cost: Standard spreads + signal subscription fee ($20–$50/month typically).
- Strength: Maximum provider choice. Thousands of strategies.
- Best for: Experienced traders who can evaluate providers independently.
What Does FP Markets Copy Trading Cost?
- Standard account — From 1.0 pips EUR/USD, no commission. Best for casual copiers who want simplicity.
- Raw account — From 0.0 pips + $3/side ($6/RT). Best for cost-optimised copy trading.
- Provider performance fee — Up to 50% of profits. Only on profitable periods.
- Deposit/withdrawal — No fees on most methods.
- Inactivity — No inactivity fee (confirmed by ForexBrokers.com 2026 review).
The Raw account at $6/RT matches Vantage and IC Markets (cTrader) as the cheapest tier. With no Myfxbook markup (unlike IC Markets' 0.6 pip addition), FP Markets may actually be cheaper for Myfxbook copy trading specifically. Calculate your exact costs with our true-cost calculator.
10,000+ Instruments: The Stock CFD Advantage
FP Markets offers over 10,000 tradeable instruments — one of the largest ranges available. The standout is stock CFDs: thousands of global equities via the IRESS platform (DMA access to ASX, NYSE, NASDAQ, LSE, and more). For copy trading on the MetaTrader side, you get:
- Forex — 70+ major, minor, exotic pairs
- Indices — Major global indices
- Commodities — Metals, energies, softs
- Stock CFDs — Hundreds on MT5
- Crypto — Available on selected instruments
- Bonds — Government bond CFDs
Who Should Use FP Markets for Copy Trading?
- Australian traders wanting local regulation — ASIC-regulated with Australian support. The go-to for AU/NZ copiers.
- Those wanting Myfxbook without the markup — Unlike IC Markets (which adds 0.6 pips for Myfxbook), FP Markets offers Myfxbook on standard account spreads.
- Cost-sensitive copiers — Raw account at $6/RT from 0.0 pips is tier-1 pricing.
- Stock CFD traders — If you want to copy providers who trade equities, the IRESS DMA platform offers depth most brokers can't match.
- Those wanting multiple access points — Proprietary platform + Myfxbook + MQL5 covers different needs from one account.
Who Should Look Elsewhere?
- Complete beginners wanting lowest entry — $100 minimum is reasonable but higher than XM ($50) or HFM ($25). XM or HFM start lower.
- US clients — Not available. Use eToro.
- Those wanting social community — FP Markets is performance-focused, not social. eToro offers the community.
- Traders wanting curated/vetted providers — No DupliTrade-style curation. Pepperstone offers this.
Pros and Cons
✓ Pros
- Raw spreads from 0.0 pips + $6/RT — top-tier pricing
- Myfxbook without additional markup (cheaper than IC Markets for this)
- ASIC + CySEC dual tier-1 regulation
- 10,000+ instruments including DMA stocks via IRESS
- Three copy systems (proprietary + Myfxbook + MQL5)
- No inactivity fee
- No deposit/withdrawal fees on most methods
- cTrader available for manual trading
✗ Cons
- $100 minimum — higher than XM or HFM
- Provider fees up to 50% can reduce returns
- No social community features
- No US clients
- No curated/vetted provider tier
- IRESS stocks not available for copy trading (MT-side only)
- Standard copy-trading drawdown risk applies
Getting Started with FP Markets Copy Trading
- Open an FP Markets Raw account — $100 minimum deposit. Choose MT4 or MT5.
- Choose your system:
- Want native simplicity? → FP Markets Social Trading
- Want verified track records? → Myfxbook AutoTrade
- Want maximum provider choice? → MQL5 Signals
- Filter providers by maximum drawdown — Keep under 25% for conservative copying.
- Check fee structures — A 50% performance fee on a 20% return leaves you 10%. Seek providers charging 15–25%.
- Diversify across 3–5 uncorrelated providers — Score each with our drawdown scorer.
Frequently Asked Questions
What is the minimum deposit for FP Markets copy trading? $100 (AUD equivalent) for both Standard and Raw accounts. This gives access to all three copy-trading systems (proprietary, Myfxbook, MQL5).
Does FP Markets charge extra for Myfxbook? No additional markup. Unlike IC Markets (which adds 0.6 pips for Myfxbook AutoTrade), FP Markets offers Myfxbook access at standard account spreads — making it potentially cheaper for verified copy trading.
Is FP Markets regulated for copy trading? Yes — ASIC (Australia, tier-1) and CySEC (Cyprus, tier-1). Additional licences from CMA (Kenya) and FSA (St. Vincent) cover international clients.
Can I copy stock traders on FP Markets? Copy trading operates on the MT4/MT5 platforms, which offer stock CFDs but not the full IRESS DMA stock range. For copying forex, indices, and commodity strategies, FP Markets excels. For pure equity copying, the selection is more limited.
How does FP Markets compare to Pepperstone? Both are ASIC/CySEC regulated with raw spreads from 0.0 pips. FP Markets has more instruments (10,000+ vs 1,200+) and Myfxbook without markup. Pepperstone has more regulatory jurisdictions (7) and DupliTrade for curated providers.
Final Verdict
FP Markets is the Australian-regulated all-rounder for copy trading — Raw spreads from 0.0 pips, three copy systems, and Myfxbook without the 0.6 pip markup that IC Markets charges. It suits cost-conscious traders who want verified results under ASIC/CySEC oversight. The trade-off: $100 minimum (vs $50 at XM) and no curated provider tier. For the cheapest Myfxbook copy trading under tier-1 regulation, FP Markets wins. Compare all in our copy-trading broker guide.
