FP Markets Account Type

FP Markets offers a variety of account types to cater to different trading needs and preferences. The primary account types include:

• Standard Account:
• Minimum Deposit: $40
• Commission: Commission-free
• Spreads: Starting from 1 pip
• Leverage: Up to 1:500
• Ideal for beginners and casual traders.
• Raw Account:
• Minimum Deposit: $40
• Commission: $3 per lot per trade
• Spreads: Starting from 0 pips
• Leverage: Up to 1:500
• Best suited for active day traders and scalpers looking for tighter spreads.
• Islamic Account:
• Available on both Standard and Raw accounts
• Complies with Sharia law by being swap-free
• Ideal for traders who prefer not to pay interest on overnight positions.
• PAMM/MAM Accounts:
• Designed for money managers and professional traders
• Allows for managing multiple accounts under one master account.

FP Markets Broker Account Opening Process

Opening an account with FP Markets is a straightforward process that can be completed in a few simple steps:

• Registration:
• Visit the FP Markets website.
• Click on the "Open an Account" button.
• Fill out the registration form with your phone number or email.
• Account Verification:
• Submit identification documents such as an ID card, passport, or driver's license for account verification.
• This step is mandatory for security purposes and is required before withdrawals.
• Funding Your Account:
• Navigate to the funding section on your account dashboard.
• Choose your preferred payment method (e.g., credit card, bank transfer, e-wallet).
• Enter the deposit amount and confirm the payment.
• Minimum deposit requirement is $40 for most accounts.
• Start Trading:
• Once your account is funded, you can start trading immediately.
• Use the trading platforms provided, such as MetaTrader 4, MetaTrader 5, or IRESS.
• Withdrawal Process:
• To withdraw funds, go to the funding section and click on "Withdraw."
• Submit your withdrawal request and receive payment typically within 1-2 working days.

This efficient process ensures that traders can quickly set up their accounts and start their trading journey with FP Markets.