FP Markets – Account Types

FP Markets – Account Types

Share on facebook
Share on linkedin
Share on twitter
Share on pinterest
Share on email

FPMarkets - Account Types

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

63

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Our FP Markets Account Types Revealed.

FP Markets Overview

Established in 2005, First Prudential Markets Pty, Ltd (FP Markets) is a well-regulated Australian ECN, STP, and DMA online trading broker that offers more than 10,000 tradable instruments across several asset classes.

FP Markets is a reputable and award-winning broker that offers comprehensive trading solutions and competitive trading conditions. FP Markets offers the use of flexible and powerful trading technology and some of the fastest execution speeds, tight spreads, and transparent pricing.

FP Markets is well-regulated by reputable market entities and the broker follows a strict no-requote policy under ASIC and CySEC regulations in addition to SVG FSA. FP Markets emphasizes understanding and meeting the unique trading needs and objectives of both retail and institutional traders from around the world.

FP Markets uses the latest technology to ensure that traders are given the best trade execution speeds and the best prices. The liquidity providers that FP Markets uses include Barclays, Goldman Sachs, JP Morgan, and several others.

FP Markets Account Types

FP Markets offers a choice between several account types including the following.

  • MT4/5 Standard Account
  • MT4/5 Raw Account
  • Iress Standard Account
  • Iress Platinum Account
  • Iress Premier Account
  • MT4/5 Islamic Standard Account
  • MT4/5 Islamic Raw Account

FP Markets Account Features

MT4/5 Standard Account

This is a typical account that offers some basic account features that are suited to different types of traders. The specifications on this account type are as follows.

  • A minimum deposit of AU$100 or equivalent in other currencies
  • Spreads from 1 pip
  • Access to more than 60 forex pairs, metals, indices, and commodities
  • Maximum leverage up to 1:500
  • ECN execution
  • Commission-free trading
  • Micro-lot trading of 0.01 lots
  • Access to Expert Advisors (EAs) offered by MetaTrader 4 and MetaTrader 5
  • Access to Mobile Trading through MetaTrader 4 and MetaTrader 5
  • Access to free VPS

MT4/5 Raw Account

The Raw Account is offered on MetaTrader 4 and MetaTrader 5, providing traders with razor-thin spreads and some of the best trade execution speeds. The specifications on this account are as follows.

  • A minimum deposit of AU$100 or equivalent in other currencies
  • Spreads from 0.0 pips EUR/USD
  • Access to more than 60 forex pairs, metals, indices, and commodities
  • Maximum leverage up to 1:500
  • ECN execution
  • Commissions of $3 per side and $6 per lot traded
  • Micro-lot trading of 0.01 lots
  • Access to Expert Advisors (EAs) offered by MetaTrader 4 and MetaTrader 5
  • Access to Mobile Trading through MetaTrader 4 and MetaTrader 5
  • Access to free VPS

Iress Standard Account

This is an entry-level account tied to the Iress trading platform, offering the following features.

  • A minimum deposit of AU$1,000
  • Equity CFD margin rates from as low as 3%
  • Minimum commissions of AU$3 followed by an additional 0.1%
  • Financing according to the FP Markets base rate of +4.0%
  • Transparent pricing
  • Sophisticated charting capabilities on the Iress platform
  • Traders can use advanced order management when they trade through Iress
  • Customisable and user-friendly interface
  • Traders have access to an innovative heat map

Iress Platinum Account

The Platinum Account is for more experienced traders, and it is a popular option that offers the following features.

  • A minimum deposit of AU$25,000
  • Equity CFD margin rates from as low as 3%
  • Minimum commissions of AU$9 followed by an additional 0.09%
  • Financing according to the FP Markets base rate of +3.5%
  • With the Iress trading platform, traders can live stream news, access sophisticated charting, and gain access to in-depth and comprehensive market depth
  • Traders can use Iress on windows or macOS desktops
  • Traders can easily set trade alerts on their trade execution in addition to news and different price levels

Iress Premier Account

The Iress Premier Account is one of the best professional accounts with the following specifications.

  • A minimum deposit of AU$50,000
  • Equity CFD margin rates from as low as 3%
  • Commissions from 0.08%
  • Financing according to the FP Markets base rate of +3.0%
  • Access to transparent pricing on the Iress platform
  • Full market depth offered on all Iress Accounts
  • Sophisticated charting and the ability to live stream news
  • Advanced order management offered in addition to a highly customizable interface

MT4/5 Islamic Standard Account

The Standard Islamic Account can be used on either MetaTrader 4 or MetaTrader 5. The Standard Islamic Account has the following features.

  • A minimum deposit of AU$100 or equivalent in other currencies
  • Spreads from 1 pip EUR/USD
  • Access to more than 60 forex pairs, metals, indices, and commodities
  • Maximum leverage up to 1:500
  • ECN execution
  • Commission-free trading
  • Micro-lot trading of 0.01 lots
  • Access to Expert Advisors (EAs) offered by MetaTrader 4 and MetaTrader 5
  • Access to Mobile Trading through MetaTrader 4 and MetaTrader 5
  • Access to free VPS
  • Exemption from earning/paying swap fees

MT4/5 Islamic Raw Account

The Islamic Raw Account offers more experienced traders some of the best trading conditions in addition to the following features.

  • A minimum deposit of AU$100 or equivalent in other currencies
  • Spreads from 0.0 pips EUR/USD
  • Access to more than 60 forex pairs, metals, indices, and commodities
  • Maximum leverage up to 1:500
  • ECN execution
  • Commissions of $3 per side and $6 per lot traded
  • Micro-lot trading of 0.01 lots
  • Access to Expert Advisors (EAs) offered by MetaTrader 4 and MetaTrader 5
  • Access to Mobile Trading through MetaTrader 4 and MetaTrader 5
  • Access to free VPS
  • The advantage is that traders are not subject to any swaps or interest

FP Markets Demo Account

FP Markets offers traders the option of registering for a demo account that can be used alongside MetaTrader 4 or MetaTrader 5. Sign-up for the demo account is quick and easy and traders can demo the Standard or the Raw account.

The demo account is not only intended for beginner traders who need a risk-free practice account. It can also be used by experienced traders who want to test different trading strategies. Anyone can use the demo account to explore FP Markets, its trading conditions, and the trading platform.

FP Markets Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

FP Markets offers two Islamic Accounts that Muslim traders can use while complying with the provisions of Sharia law. The Islamic Accounts offer competitive trading conditions and flexible solutions that cater to both beginner and professional traders.

FP Markets Pros and Cons

PROS CONS
FP Markets is well-regulated by reputable entities US clients are not accepted
Fast trade executions are guaranteed Fixed spreads are not offered
FP Markets is an award-winning broker
Islamic accounts are offered
Flexible funding methods are offered
No-requotes and No-dealing desk (NDD)
There are more than 10,000 tradable instruments offered
Traders have a choice between three powerful trading platforms and their associated trading accounts

FP MARKETS AT A GLANCE

Broker's Name FP Markets
Headquartered Australia
Year Founded 2005
Regulating Authorities ASIC, CySEC, SVG GSA
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Maximum Leverage 1:500
Minimum Deposit AU$100
Deposit Options
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Neteller
  • Skrill
  • PayTrust (Local Bank Transfer)
  • Sticpay
  • Fasapay
  • Broker to Broker
  • South American Payment Method
  • Dragonpay
  • Perfect Money
  • Asian, African, and Latam Payments
  • MPSA
  • Cryptocurrency Payments
  • FairPay eWallets
  • Paylivre
  • Finrax
  • Thai Payments
Withdrawal Options
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Neteller
  • Skrill
  • PayTrust (Local Bank Transfer)
  • Sticpay
  • Fasapay
  • Broker to Broker
  • South American Payment Method
  • Dragonpay
  • Perfect Money
  • Asian, African, and Latam Payments
  • MPSA
  • Cryptocurrency Payments
  • FairPay eWallets
  • Paylivre
  • Finrax
  • Thai Payments
Platform Types
  • MetaTrader 4
  • MetaTrader 5
  • Iress
OS Compatibility iOS, Android, Linux, Windows, macOS, web browsers
Tradable Assets
  • Forex
  • Shares
  • Metals
  • Futures
  • Derivatives
  • Indices
  • Commodities
Languages supported on Website English, Arabic, German, Portuguese, Vietnamese, Indonesian, French, Malay, Italian, Russian
Customer Support Languages Multilingual
Customer Service Hours 24/7

You might also like: FP Markets Demo Account

You might also like: FP Markets Fees and Spreads

You might also like: FP Markets Islamic Account

You might also like: FP Markets Minimum Deposit

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

63

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with FP Markets?

You can trade any of the following instruments.

  • Forex
  • Shares
  • Metals
  • Futures
  • Derivatives
  • Indices
  • Commodities

Which platforms are supported by FP Markets?

FP Markets supports the use of the following.

  • MetaTrader 4
  • MetaTrader 5
  • Iress

Does FP Markets offer leverage?

Yes, FP Markets offers leverage up to 1:500.

What spreads can I expect with FP Markets?

You can expect spreads from 0.0 pips.

Does FP Markets charge commission?

Yes, FP Markets charges the following commissions.

  • MT4/5 Raw Account – Commissions of $3 per side and $6 per lot traded
  • Iress Standard Account – Minimum commissions of AU$3 followed by an additional 0.1%
  • Iress Platinum Account – Minimum commissions of AU$9 followed by an additional 0.09%
  • Iress Premier Account – Commissions from 0.08%
  • MT4/5 Islamic Raw Account – Commissions of $3 per side and $6 per lot traded
  • All MT4/5 Standard and Raw Accounts – Commissions from 0.10% or a minimum of 10 EUR/USD/GBP per side on Equities

Are there additional charges on the Islamic account?

No, there are no additional charges on the Islamic Account.

Is FP Markets regulated and by whom?

Yes, FP Markets is well-regulated by CySEC, ASIC, and SVG FSA.

Is FP Markets a recommended forex trading broker for experts and beginners?

Yes, FP Markets is suited to both beginners and professional traders.

What is the overall rating out of 10 for FP Markets?

9/10.

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

Does FP Markets offer a demo account?

Yes, FP Markets offers a demo account.

How long is the demo account valid?

The demo account is available for an unlimited time if it is constantly being used. If the account goes dormant, it will expire after 30 days.

Which live trading accounts does FP Markets offer?

FP Markets offers the following live trading accounts.

  • MT4/5 Standard Account
  • MT4/5 Raw Account
  • Iress Standard Account
  • Iress Platinum Account
  • Iress Premier Account
  • MT4/5 Islamic Standard Account
  • MT4/5 Islamic Raw Account

Does FP Markets offer an Islamic Account?

Yes, FP Markets offers a Standard and Raw Islamic Account that can be used on either MetaTrader 4 or MetaTrader 5.

What are the available deposit currencies for a live trading account?

  • AUD
  • CAD
  • CHF
  • EUR
  • GBP
  • HKD
  • JPY
  • NZD
  • SGD
  • USD
  • INR
  • BRL, and several others.

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with FP Markets?

AU$100.

How do you make a deposit and withdraw money with FP Markets?

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Neteller
  • Skrill
  • PayTrust (Local Bank Transfer)
  • Sticpay
  • Fasapay
  • Broker to Broker
  • South American Payment Method
  • Dragonpay
  • Perfect Money
  • Asian, African, and Latam Payments
  • MPSA
  • Cryptocurrency Payments
  • FairPay eWallets
  • Paylivre
  • Finrax
  • Thai Payments

Does FP Markets charge withdrawal fees?

Yes, FP Markets charges the following withdrawal fees.

  • International Bank Wire other than AUD – 10 AUD
  • Neteller – 2% up to 30 USD in addition to country fees
  • Skrill – 1% and country fees
  • Fasapay – 0.50%
  • PayTrust – 1.5%
  • Dragonpay – 1.5%
  • Perfect Money – 0.5%
  • Asian, African, and Latam Payments – 2%
  • Cryptocurrency Payments – Blockchain fees
  • MPSA – 7.25%
  • FairPay – 0.5% plus an additional flat fee of 10 USD
  • Paylivre – 1.5%
  • Finrax – Blockchain fees
  • Sticpay – 5% for bank wire and 2.5% for wallet fees
  • Thai Pay – 0.5%

How long does it take to make a withdrawal?

This will depend on the payment method that traders use. Some payments can be instant while others, such as conventional bank transfers, can take a few days.