Overall Rating
4.7/5
Rated #23 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
ASIC, CySEC, FSCA
📱 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 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
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, FSCA
📱 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
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.
