Rating Index
Pros
Wide range of analytical tools and indicators for comprehensive market analysis.
Support for automated trading through expert advisors and custom scripts.
Access to multiple asset classes, including forex, stocks, and futures.
Cons
Some brokers may offer limited educational resources and research support.
Not all brokers provide the same level of market access or trading instruments.
The platform can be complex for beginners, potentially leading to a steep learning curve.
MT5 Market broker Accounts
FP Markets Account Types
FP Markets offers several account types for traders using the MetaTrader 5 (MT5) platform. The available account types include:
- 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: Zero per lot
- 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: $3 per side per lot
- Minimum Trade Size: 0.01 lot
- Expert Advisors (EAs): Yes
- Mobile App: Yes
- VPS Available: Yes
Choose Your Account Type: Decide between the Standard or Raw account based on your trading needs.
Fill Out the Registration Form: Visit the FP Markets website and complete the online registration form with your personal details, including your name, email address, and phone number.
Verify Your Identity: Submit the required identification documents, such as a government-issued ID and proof of residence (like a utility bill).
Deposit Funds: After your account is verified, you can deposit funds using various payment methods, including bank transfers, credit/debit cards, and e-wallets.
Download MT5: Download the MetaTrader 5 platform from the FP Markets website to start trading.
Log In: Use the credentials sent to your email to log in to your MT5 account and begin trading.
FP Markets Broker Account Opening Process
Opening an account with FP Markets is straightforward. Heres a step-by-step guide:
For more details, visit FP Markets Account Types.
MT5 Market Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.