FPG broker Accounts

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

fpg Account Types Explained

Fortune Prime Global (FPG) offers a variety of trading accounts tailored to meet the needs of different traders, from beginners to professionals. Below is an overview of the available account types, their features, and target user profiles.

Available Account Types

1. Standard Account

• Minimum Deposit: $50
• Spread/Commission Structure: Spreads from 1.2 pips, zero commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners, user-friendly interface, no commission fees.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: 200+ including forex pairs, commodities, and indices.

1. ECN Account

• Minimum Deposit: $50
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $3.5 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access, low spreads, ideal for high-frequency trading.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: 200+ including forex pairs, commodities, and cryptocurrencies.

1. Pro Account

• Minimum Deposit: $50
• Spread/Commission Structure: Spreads from 1.2 pips, zero commission.
• Leverage Options: Up to 1:500.
• Key Features: Designed for professional traders and money managers, suitable for large volume trading.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: 200+ including forex pairs, commodities, and indices.

1. Cent Account

• Minimum Deposit: $50
• Spread/Commission Structure: Spreads from 0.0 pips, zero commission.
• Leverage Options: Up to 1:500.
• Key Features: Low-risk trading environment, ideal for beginners wanting to trade with smaller amounts.
• Target User Profile: Beginner traders and conservative investors.
• Trading Instruments Available: 200+ including forex pairs and commodities.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Cent Account.
• Intermediate Traders: Pro Account.
• Advanced Traders: ECN Account.

Detailed fpg Account Features

Comparison of Features Across Account Types

• Minimum Deposit:

• All account types require a minimum deposit of $50.

• Maximum Leverage:

• All account types offer leverage up to 1:500.

• Spreads:

• Standard and Pro accounts have spreads starting from 1.2 pips.

• ECN and Cent accounts offer spreads starting from 0.0 pips.

• Commission Fees:

• Standard and Pro accounts do not charge commissions.

• ECN accounts charge $3.5 per lot.

• Lot Size:

• Minimum lot size for all accounts is 0.01 lot.

• Available Trading Platforms:

• All accounts support MT4 and are EA (Expert Advisor) friendly.

• Execution Type:

• ECN accounts provide direct market execution, while others may offer market execution.

• Islamic Account Availability:

• Islamic accounts are available upon request for those who require swap-free trading.

• Demo Account Features:

• FPG offers demo accounts for practice, allowing traders to test strategies without financial risk.

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners, no commission fees, and access to a wide range of instruments.

• ECN Account:

• Low spreads, direct market access, and suitable for high-frequency trading.

• Pro Account:

• Zero commissions, ideal for professional traders, and suitable for high volume trading.

• Cent Account:

• Low-risk environment, perfect for beginners, and allows trading with smaller amounts.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• ECN Account:

• Commission fees can add up for frequent traders.

• Pro Account:

• Requires more trading experience and larger capital for effective use.

• Cent Account:

• Limited to smaller trading volumes, which may not suit all traders.

fpg Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: FPG may have restrictions based on the trader's country of residence.
• Prohibited Countries: Specific countries may be restricted from opening accounts; check the FPG website for details.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing the trader's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• FPG adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step fpg Account Opening Guide

Registration Process

1. Visit the Website: Go to the FPG homepage.
2. Click Registration: Locate and click the registration button at the top right corner.
3. Personal Information Entry: Fill in the required personal information, including name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, Pro, or Cent).
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the necessary identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Choose a funding method and deposit the minimum required amount.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format (PDF or JPEG).

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Traders can request to change their account type through the customer support portal or by contacting FPG directly.

fpg Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without risking real money.
• It provides access to the same trading platform and instruments as live accounts.

How to Open a Demo Account

• Visit the FPG website and select the option to open a demo account. Fill in the required information and follow the prompts.

Demo Account Limitations

• The demo account may have a limited virtual balance and a set expiration period.

Virtual Balance Amount

• The virtual balance typically starts at $10,000, but this can vary.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, but this can vary based on the broker's policy.

fpg Islamic Account Details

Swap-Free/Islamic Account Availability

• FPG offers Islamic accounts that do not incur swap fees, adhering to Sharia law.

Eligibility Requirements

• Traders must request an Islamic account and provide justification for the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts typically do not have swap fees but may have slightly different trading conditions.

How to Apply for Islamic Account

• Traders can apply for an Islamic account during the registration process or by contacting customer support after opening a standard account.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies and instruments.

FAQs – fpg Account Types & Opening

1. What account types does fpg offer？

• FPG offers Standard, ECN, Pro, and Cent accounts.

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

• The minimum deposit for all account types is $50.

1. How long does fpg account verification take？

• Verification typically takes 1-3 business days.

1. Does fpg offer demo accounts？

• Yes, FPG offers demo accounts for practice trading.

1. Can I have multiple account types with fpg？

• Yes, traders can open multiple account types.

1. Does fpg offer Islamic/swap-free accounts？

• Yes, FPG offers Islamic accounts that do not incur swap fees.

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

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

1. Can I change my account type after registration？

• Yes, traders can request to change their account type through customer support.