FP Markets Account Type

FP Markets offers a variety of account types designed to cater to different trading needs. Here are the main account types available:

1. Standard Account

• Minimum Deposit: $100
• Spreads: From 1.0 pips
• Commission: None
• Leverage: Up to 500:1
• Products: Access to over 10,000 trading instruments including forex, commodities, and CFDs.

2. Raw ECN Account

• Minimum Deposit: $100
• Spreads: From 0.0 pips
• Commission: $7 per lot
• Leverage: Up to 500:1
• Products: Direct market access with lower spreads and faster execution.

3. Islamic Account

• Type: Swap-free account to comply with Islamic finance principles.
• Minimum Deposit: $100
• Spreads: Similar to Standard Account
• Commission: None
• Leverage: Up to 500:1

FP Markets Broker Account Opening Process

To open an account with FP Markets, follow these steps:

1. Visit the FP Markets Website: Go to the official FP Markets website.
2. Choose Account Type: Select the type of account you wish to open (Standard, Raw ECN, or Islamic).
3. Fill Out Registration Form: Provide personal details such as:

• Full Name
• Email Address
• Phone Number
• Address
• Date of Birth

4. Verification: You may need to verify your identity by uploading documents such as:

• A color copy of your ID (passport or driver's license)
• A recent utility bill for proof of residence

5. Account Approval: Once your application is reviewed and approved, you will receive your account credentials via email.
6. Download MT4: Download the MetaTrader 4 platform from the FP Markets website.
7. Log In: Use the credentials provided to log in to your MT4 account.

These steps ensure that you can start trading efficiently on the FP Markets platform.