FP Markets Account Types

FP Markets offers a variety of forex trading account types to cater to different trading styles and investor needs. The main account types include:

• Standard Account:
• Minimum Opening Balance: $100 AUD or equivalent.
• Spreads: From 1.0 pips.
• Commission: Zero commission per lot.
• Leverage: Up to 500:1.
• Execution: ECN pricing.
• Instruments: 70+ forex pairs, metals, indices, and commodities.
• Minimum Trade Size: 0.01 lot.
• Trading Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
• Mobile App: Yes.
• VPS Available: Yes.
• Raw Account:
• Minimum Opening Balance: $100 AUD or equivalent.
• Spreads: From 0.0 pips.
• Commission: $3 per side per lot.
• Leverage: Up to 500:1.
• Execution: ECN pricing.
• Instruments: 70+ forex pairs, metals, indices, and commodities.
• Minimum Trade Size: 0.01 lot.
• Trading Platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
• Mobile App: Yes.
• VPS Available: Yes.

FP Markets Broker Account Opening Process

Opening an account with FP Markets involves several straightforward steps:

• Choose a Forex Broker: Research and select FP Markets as your forex broker, ensuring that it meets your trading needs and preferences.

• Account Registration:

• Fill out the online application form with personal information such as your name, address, and contact details.
• Account Verification:
• Provide identification documents, such as a passport or driver's license, along with proof of address (e.g., utility bill or bank statement) to verify your identity.
• Fund Your Account:
• Deposit the minimum required amount ($100 AUD or equivalent) using various payment options such as credit/debit cards, bank transfers, or e-wallets.
• Download Trading Platform:
• Download and install the trading platform (MT4 or MT5) provided by FP Markets.
• Start Trading:
• Familiarize yourself with the trading platform and begin trading, ensuring to develop a trading strategy and risk management plan.