Fluorescent polymer particles have witnessed an increasing interest in recent years, owing to their fascinating physicochemical properties as well as wide‐ranging applications. In this review, the state‐of‐the‐art research progress of fluorescent polymer particles in the past five years is summarized. First, the synthesis protocols for fluorescent polymer particles, including emulsion polymerization, precipitation polymerization, dispersion polymerization, suspension polymerization, nanoprecipitation, self‐assembly, and post‐polymerization modification, are presented in detail. Then, the applications of the resulting beguiling particles in anticounterfeiting, chemical sensing, and biomedicine, are illustrated. Finally, the challenges and opportunities that exist in the field are pointed out. This review aims to offer important guidance and stimulate more research attention to this rapidly developing field.