Rating Index
Pros
Ultra-competitive spreads on raw ECN accounts via MetaTrader and cTrader.
Access to over 10,000 tradeable symbols through the Iress platform.
Strong regulatory oversight from reputable authorities like ASIC and CySEC.
Cons
Limited research and educational resources compared to industry leaders.
Iress platform fees can accumulate unless you are an active or high-balance trader.
The mobile app lacks advanced tools and charting capabilities found in top mobile trading apps.
fpmarkets broker Accounts
FP Markets Account Types
FP Markets offers a variety of account types to cater to different trading needs. The main account types include:
- Standard Account:
- Minimum Deposit: $100 AUD or equivalent
- Spreads: From 1.0 pips
- Commission: None
- Max Leverage: 1:500
- Execution Model: Market Maker
- Minimum Trade Size: 0.01 lots
- Platforms: MT4 and MT5
- Suitable for: Beginners and those who prefer straightforward trading without commissions.
- Raw Account:
- Minimum Deposit: $100 AUD or equivalent
- Spreads: From 0.0 pips
- Commission: $6 per round lot
- Max Leverage: 1:500
- Execution Model: ECN
- Minimum Trade Size: 0.01 lots
- Platforms: MT4 and MT5
- Suitable for: Experienced traders and scalpers looking for lower trading costs.
- Islamic Standard Account:
- Minimum Deposit: $100 AUD or equivalent
- Spreads: From 1.0 pips
- Commission: None
- Max Leverage: 1:500
- Execution Model: Market Maker
- Minimum Trade Size: 0.01 lots
- Platforms: MT4 and MT5
- Features: Swap-free trading to comply with Islamic law.
- Islamic Raw Account:
- Minimum Deposit: $100 AUD or equivalent
- Spreads: From 0.0 pips
- Commission: $6 per round lot
- Max Leverage: 1:500
- Execution Model: ECN
- Minimum Trade Size: 0.01 lots
- Platforms: MT4 and MT5
- Features: Swap-free trading to comply with Islamic law.
Visit the Official Website: Go to FP Markets' official website and click on "Open Live" or "Start Trading".
Fill in Personal Information: Enter your personal details such as email, first name, last name, account type, country of residence, and phone number. You can also sign up using your Google or Facebook account.
Provide Additional Details: Enter your date of birth, full address, financial situation (employment status, occupation, annual income, and source of funds).
Configure Account Preferences: Choose your preferred trading platform (MT4 or MT5), account type, trading currency, and leverage. Create a strong password.
Confirm Trading Experience: Select your trading experience level, read the terms and conditions, tick the agreement box, and click "Accept and Open Account".
Verification: After registration, you will need to verify your account by providing proof of identity and address. This typically includes:
- Proof of Identity: Valid passport, national ID card, or driving license.
- Proof of Address: Recent utility bill or bank statement.
- Start Trading: Once your account is verified, you will receive your account credentials via email. Download the trading platform and log in to start trading.
FP Markets Broker Account Opening Process
Opening an account with FP Markets is a straightforward and fully online process. Heres how to do it:
By following these steps, you can easily open an account with FP Markets and begin your trading journey.
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