FP Markets – Fees and Spreads

FP Markets – Fees and Spreads

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FPMarkets - Fees & Spreads

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

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Our FP Markets Fees and Spreads Revealed.

Fees and Spreads

The spread list that FP Markets offers starts from 0.0 pips on EUR/USD.

The spread list that traders can expect when they trade with FP Markets will depend on the financial instrument that is being traded, the trading account is used, and the market conditions on the day of trading. FP Markets offers variable spreads and traders can expect spreads according to the following account types.

  • MT4/5 Standard Account – from 1 pip
  • MT4/5 Raw Account – from 0.0 pips
  • MT4/5 Islamic Standard Account – from 1 pip
  • MT4/5 Islamic Raw Account – from 0.0 pips

The commissions that traders can expect from FP Markets will depend on the account type, position size, and the financial instrument being traded. Average commissions are as follows.

  • 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

Additional Trading Fees

Overnight fees, also known as swap fees or rollovers, are either credited or debited depending on the financial instrument being held and whether the trader is holding a long or short position. FP Markets offers transparent overnight fees according to every financial instrument.

FP Markets offers dedicated Islamic Accounts that Muslim traders can register for, exempting them from paying/earning interest while they trade across different financial markets.

FP Markets is not a spread betting broker which means that spread betting fees will not apply.

Broker Fees

FP Markets does not charge any deposit fees on any payment methods, but blockchain fees may apply on cryptocurrency payment gateways. FP Market 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%

While there are no added broker fees indicated, traders must verify the possibility of additional fees not mentioned in this review.

Pros and Cons

PROS CONS
Commission-free options offered Withdrawal fees are charged
Deposit fees are not charged Commissions are not the lowest
Transparent fee schedules offered Fixed spreads are not offered
Competitive trading conditions offered
There is a choice between several flexible trading accounts

You might also like: FP Markets Account Type

You might also like: FP Markets Demo Account

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

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FAQ

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

Do 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
  • MT4/5 Islamic Raw Account – Commissions of $3 per side
  • 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.