FP Markets broker Accounts

FP Markets Account Types

FP Markets offers a variety of trading account types designed to cater to different trading styles and preferences. The main account types include:

1. Standard Account:

• Minimum Deposit: $100 AUD or equivalent
• Spreads: From 1.0 pips
• Commission: Zero
• Maximum Leverage: 500:1
• Instruments Available: 70+ forex pairs, metals, indices, commodities
• Execution Type: ECN pricing
• Minimum Trade Size: 0.01 lot
• Platforms Supported: MT4 and MT5

2. Raw Account:

• Minimum Deposit: $100 AUD or equivalent
• Spreads: From 0.0 pips
• Commission: $3 per side
• Maximum Leverage: 500:1
• Instruments Available: 70+ forex pairs, metals, indices, commodities
• Execution Type: ECN pricing
• Minimum Trade Size: 0.01 lot
• Platforms Supported: MT4 and MT5

3. Islamic Account:

• Available for both Standard and Raw accounts
• Swap-Free: Compliant with Sharia law, ensuring no overnight interest fees.
• Minimum Deposit: $100 AUD or equivalent

For traders looking for advanced trading features, FP Markets also offers Iress accounts, which provide direct market access and are suitable for trading stocks and CFDs.

FP Markets Broker Account Opening Process

Opening an account with FP Markets is a straightforward, fully online process that can be completed in a few simple steps:

1. Visit the Official Website: Go to the FP Markets website and click on "Open Live" or "Start Trading."
2. Fill Out Personal Information: Enter your personal details, including your email, first name, last name, country of residence, and phone number. You can also sign up using your Google or Facebook account.
3. Provide Additional Details: Fill in your date of birth, address, and financial situation, including employment status and source of funds.
4. Account Configuration: Choose your preferred trading platform (MT4 or MT5), account type, trading currency, and leverage. Create a strong password.
5. Experience Level Declaration: Indicate your trading experience and agree to the terms and conditions.
6. Verification: Upload proof of identity and proof of address documents. Verification usually takes up to 1 business day.
7. Deposit Funds: Once verified, fund your account using various payment methods.
8. Start Trading: Access your chosen platform and begin trading.