FP Markets Account Type

FP Markets offers several types of forex trading accounts to cater to different trading styles and experience levels. The two primary account types are:

• Standard Account
• Minimum Opening Balance: $100 AUD or equivalent
• Spreads: From 1.0 pips
• Instruments: 70+ forex pairs, metals, indices, commodities
• Max Leverage: 500:1
• Execution: ECN pricing
• Commission per Lot: Zero
• Minimum Trade Size: 0.01 lot
• Expert Advisors (EAs): Yes
• Mobile App: Yes
• VPS Available: Yes
• Raw Account
• Minimum Opening Balance: $100 AUD or equivalent
• Spreads: From 0.0 pips
• Instruments: 70+ forex pairs, metals, indices, commodities
• Max Leverage: 500:1
• Execution: ECN pricing
• Commission per Lot: USD $3 per side
• Minimum Trade Size: 0.01 lot
• Expert Advisors (EAs): Yes
• Mobile App: Yes
• VPS Available: Yes

FP Markets Broker Account Opening Process

Opening a forex trading account with FP Markets involves the following steps:

• Choose an Account Type: Decide between a Standard Account or a Raw Account based on your trading preferences and experience.

• Visit the Website: Go to the FP Markets website and navigate to the account opening section.

• Fill Out the Application Form: Provide your personal information, including your name, address, and contact details.

• Provide Identification Documents: Submit required documents such as a valid ID (passport or drivers license) and proof of address (utility bill or bank statement).

• Deposit Funds: Fund your account using available payment methods. The minimum deposit is $100 AUD.

• Account Verification: Wait for your account to be verified, which typically takes 1-2 working days.

• Download Trading Platform: Install the trading platform (MetaTrader 4 or 5) and log in using your account credentials.

• Start Trading: Begin trading in the forex market with your new account.

For more detailed information, you can visit the FP Markets website: FP Markets Account Types.