FP Markets Account Types

FP Markets offers a variety of account types to cater to different trading needs. The primary account types include:

• Standard Account
• Best for: Casual traders and beginners.
• Minimum Initial Deposit: $100 AUD or equivalent.
• Spreads: From 1.0 pips.
• Commission: No commission fees.
• Leverage: Up to 500:1.
• Tradable Instruments: 70+ forex pairs, metals, indices, commodities.
• Platforms: MetaTrader 4 and MetaTrader 5.
• Raw Spread Account
• Best for: Active traders, scalpers, and day traders.
• Minimum Initial Deposit: $100 AUD or equivalent.
• Spreads: From 0.0 pips.
• Commission: $3 per lot per side.
• Leverage: Up to 500:1.
• Tradable Instruments: 70+ forex pairs, metals, indices, commodities.
• Platforms: MetaTrader 4 and MetaTrader 5.
• Iress Account Types
• Iress Standard Account
• Best for: Beginner stock traders.
• Minimum Initial Deposit: $1,000.
• Commissions: Starts from $10 for stock trading.
• Leverage: Up to 1:20.
• Iress Platinum Account
• Best for: Intermediate stock traders.
• Minimum Initial Deposit: $25,000.
• Commissions: Starts from $9 for stock trading.
• Leverage: Up to 1:20.
• Iress Premier Account
• Best for: Experienced stock traders.
• Minimum Initial Deposit: $50,000.
• Commissions: No stock trading fees.
• Leverage: Up to 1:20.

FP Markets Broker Account Opening Process

Opening an account with FP Markets is straightforward and can be completed in several steps:

• Choose Your Account Type: Decide which account type suits your trading style, whether it's the Standard Account, Raw Spread Account, or Iress Account.

• Fill Out the Application Form: Visit the FP Markets website and complete the online application form. You will need to provide personal information, including:

• Full name
• Email address
• Phone number
• Address
• Date of birth
• Identification documents (such as a passport or driver's license).

• Verify Your Identity: FP Markets follows strict KYC (Know Your Customer) regulations, so you may be required to submit documents for identity verification.

• Fund Your Account: Once your account is approved, you can fund it using various methods, including bank transfer, credit card, or e-wallets. The minimum deposit is $100 AUD or equivalent for standard and raw accounts.

• Start Trading: After funding your account, you can download the trading platform (MetaTrader 4 or 5) and begin trading.

For more detailed information about account types and the opening process, visit FP Markets.