FP Markets broker Accounts

FP Markets Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

FP Markets Account Types Explained

FP Markets offers a variety of trading accounts tailored to meet the needs of different traders, from beginners to experienced professionals. Heres a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Spreads from 1.0 pips, no commission fees.
• Leverage Options: Up to 1:500.
• Key Features: Beginner-friendly, access to over 70 currency pairs, commodities, shares, indices, and crypto CFDs.
• Target User Profile: Ideal for casual traders and beginners.
• Trading Instruments Available: Forex, commodities, indices, shares, and cryptocurrencies.

2. Raw Spread Account

• Minimum Deposit: $100
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $3 per side per lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct access to interbank pricing, suitable for scalping and high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, shares, and cryptocurrencies.

3. IRESS Standard Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads, commission-based.
• Leverage Options: Up to 1:100.
• Key Features: Designed for stock trading with advanced charting tools.
• Target User Profile: Beginner stock traders.
• Trading Instruments Available: Stocks and ETFs.

4. IRESS Platinum Account

• Minimum Deposit: $10,000
• Spread/Commission Structure: Tight spreads, commission-based.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading tools and features for experienced traders.
• Target User Profile: Intermediate to advanced stock traders.
• Trading Instruments Available: Stocks and ETFs.

5. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard or Raw accounts, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Islamic finance principles.
• Target User Profile: Muslim traders seeking swap-free trading.
• Trading Instruments Available: Forex, commodities, indices, shares, and cryptocurrencies.

6. MAM Account

• Minimum Deposit: Varies based on the manager's requirements.
• Spread/Commission Structure: Depends on the manager's setup.
• Leverage Options: Varies.
• Key Features: Allows money managers to manage multiple accounts.
• Target User Profile: Fund managers and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, shares, and cryptocurrencies.

7. Demo Account

• Minimum Deposit: Virtual balance (usually $100,000).
• Spread/Commission Structure: Mimics live account conditions.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without financial risk.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Detailed FP Markets Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Raw: $100

• IRESS Standard: $1,000

• IRESS Platinum: $10,000

• Islamic: $100

• MAM: Varies

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:500

• Raw: Up to 1:500

• IRESS Standard: Up to 1:100

• IRESS Platinum: Up to 1:100

• Islamic: Up to 1:500

• MAM: Varies

• Demo: Up to 1:500

• Spreads:

• Standard: From 1.0 pips

• Raw: From 0.0 pips

• IRESS Standard: Variable

• IRESS Platinum: Tight

• Islamic: Similar to Standard

• MAM: Depends on manager

• Demo: Mimics live conditions

• Commission Fees:

• Standard: None

• Raw: $3 per lot

• IRESS Standard: Yes

• IRESS Platinum: Yes

• Islamic: None

• MAM: Depends on manager

• Demo: None

• Lot Size:

• Standard: Standard lots

• Raw: Standard lots

• IRESS Standard: Standard lots

• IRESS Platinum: Standard lots

• Islamic: Standard lots

• MAM: Varies

• Demo: Standard lots

• Available Trading Platforms:

• Standard: MT4, MT5, cTrader

• Raw: MT4, MT5, cTrader

• IRESS Standard: IRESS platform

• IRESS Platinum: IRESS platform

• Islamic: MT4, MT5, cTrader

• MAM: MT4, MT5, cTrader

• Demo: MT4, MT5, cTrader

• Execution Type:

• Standard: Market

• Raw: ECN

• IRESS Standard: Market

• IRESS Platinum: Market

• Islamic: Market

• MAM: Depends on manager

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• Raw: Yes

• IRESS Standard: Yes

• IRESS Platinum: Yes

• Islamic: Yes

• MAM: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• Raw: Yes

• IRESS Standard: Yes

• IRESS Platinum: Yes

• Islamic: Yes

• MAM: Yes

• Demo: No

• Demo Account Features:

• Virtual balance for practice, no risk involved, mimics live trading conditions.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• No commission fees.
• Low minimum deposit.
• User-friendly for beginners.
• Access to a wide range of instruments.
• Disadvantages:
• Higher spreads compared to Raw accounts.
• Limited to market execution.

Raw Spread Account

• Advantages:
• Tight spreads for cost-effective trading.
• Ideal for scalping and high-frequency trading.
• Direct access to interbank pricing.
• Disadvantages:
• Commission fees apply.
• May be complex for beginners.

IRESS Standard Account

• Advantages:
• Advanced trading tools for stock trading.
• Variable spreads can be beneficial.
• Disadvantages:
• Higher minimum deposit.
• Commission fees can add up.

IRESS Platinum Account

• Advantages:
• Tight spreads and advanced features.
• Suitable for experienced traders.
• Disadvantages:
• High minimum deposit.
• Commission fees apply.

Islamic Account

• Advantages:
• Complies with Islamic finance principles.
• Available across various account types.
• Disadvantages:
• Limited to specific trading conditions.

MAM Account

• Advantages:
• Allows for managing multiple accounts.
• Flexible for fund managers.
• Disadvantages:
• Minimum deposit varies.
• Complexity in management.

Demo Account

• Advantages:
• Risk-free environment for practice.
• Access to all trading instruments.
• Disadvantages:
• No real profits can be made.
• Limited duration based on broker policies.

FP Markets Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries, but some regions may be restricted.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance (e.g., the USA).
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Must provide a document showing your current address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• FP Markets adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before trading.

Verification Time Frames

• Account verification typically takes between a few hours to 1-2 business days, depending on the completeness of the submitted documents.

Step-by-Step FP Markets Account Opening Guide

1. Visit Website and Click Registration

• Navigate to the official FP Markets website and click on “Open Live Account” or “Register Now.”

2. Personal Information Entry

• Fill in your full name, email address, phone number, and country of residence. Create a strong password.

3. Choose Account Type

• Select your preferred account type (Standard, Raw, IRESS, etc.) and trading platform (MT4, MT5, cTrader).

4. Set Trading Preferences

• Specify your leverage and base currency preferences.

5. Document Upload

• Upload the required identity verification documents (ID and proof of address).

6. Account Verification

• Wait for your account to be verified. You will receive a confirmation email once approved.

7. Fund Your Account

• Deposit funds into your account using one of the available funding methods.

8. Start Trading

• Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Verification delays.
• Solution: Ensure all documents are clear and legible.
• Issue: Incorrect personal information.
• Solution: Double-check entries before submission.

Average Account Approval Time

• Typically, account approval takes between a few hours to 1-2 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

FP Markets Demo Account Guide

Demo Account Features and Benefits

• Offers a virtual balance to practice trading without financial risk.
• Mimics live trading conditions, allowing users to test strategies.

How to Open a Demo Account

• Visit the FP Markets website and select “Open Demo Account.” Fill in the required information and follow the prompts.

Demo Account Limitations

• Limited duration based on broker policies; typically, demo accounts may expire after a certain period of inactivity.

Virtual Balance Amount

• Usually set at $100,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after 30 days of inactivity or as specified by FP Markets.

FP Markets Islamic Account Details

Swap-Free/Islamic Account Availability

• FP Markets offers Islamic accounts that comply with Sharia law, ensuring no swap fees are charged.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Indicate your preference for an Islamic account during the account registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, such as limited leverage options.

FAQs – FP Markets Account Types & Opening

1. What account types does FP Markets offer？

• FP Markets offers Standard, Raw Spread, IRESS Standard, IRESS Platinum, Islamic, MAM, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, Raw: $100, IRESS Standard: $1,000, IRESS Platinum: $10,000, Islamic: $100, MAM: Varies, Demo: Virtual balance.

1. How long does FP Markets account verification take？

• Verification typically takes a few hours to 1-2 business days.

1. Does FP Markets offer demo accounts？

• Yes, FP Markets offers demo accounts for practice trading.

1. Can I have multiple account types with FP Markets？

• Yes, traders can open multiple account types.

1. Does FP Markets offer Islamic/swap-free accounts？

• Yes, FP Markets provides Islamic accounts that are swap-free.

1. What documents do I need to open a FP Markets account？

• A government-issued ID and proof of address are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.