FP Markets provides a good number of account types:
- Demo Account
- Standard Account
- Raw Spread Account
- IRESS Standard Account
- IRESS Platinum Account
- IRESS Premier Account
- Professional Account
- MAM Account
- Islamic Account
What types of trading accounts are available at FP Markets?
Below you will find a complete list of all account types available to traders on FP Markets, with details on features and useful information for choosing.
Clients under ASIC and CySEC regulators find maximum retail leverage of 30:1. Also, the FP Markets account type’s availability depends on your location, as well as other features.
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(74-89% of retail CFD accounts lose money).
FP Markets Standard account: Best for casual traders
- Availability: Under CySEC, ASIC, BVI.
- Markets: Forex, indices, commodities, crypto, shares (1000+ assets in total). CFD shares can be traded only on the MT5 platform.
- Commissions: You will find spreads from 1 pip, and rollover fee if you hold a CFD position overnight.
- Platforms: MetaTrader 4 and 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (ASIC, CySEC), 1:500 (BVI).
- Special features: EAs and VPS available.
- Account opening: FP Markets offers a 30-days standard demo account. The minimum deposit for a live account is $50 or $100 depending on your location.
FP Markets Raw spread account: Best for scalpers
- Availability: Under CySEC, ASIC, BVI.
- Markets: Forex, indices, commodities, crypto, shares (1000+ assets in total).
- Commissions: Spreads from 0 pips with a $3 per lot commission. CFD positions are subject to a rollover fee.
- Platforms: MetaTrader4 and 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (ASIC, CySEC), up to 1:500 (BVI).
- Special features: EAs and VPS available. CFD shares can be traded only on the MT5 platform.
- Account opening: FP Markets provides a 30-day raw demo account. The minimum deposit is the same as the Standard, $50 or $100 depending on your location.
FP Markets IRESS standard account: Best for beginner stocks traders
- Availability: Under ASIC.
- Markets: 10,000+ CFD stocks on the ASX stock exchange.
- Commissions: You will get charged a stock trading commission that starts from $10, plus a monthly fee of 0.1%; An additional $60 inc. GST (Goods and Services Tax) fee if you don’t generate $150 in commissions/month; rollover fee if you hold a position overnight.
- Platforms: IRESS Platform.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:20.
- Special features: Free ViewPoint Essential Fee, No additional fee for telephone trades, real-time price streaming
- Account opening: You can try a demo account for 30 days, while the minimum deposit requested for a live account is $1.000.
FP Markets IRESS platinum account: best for intermediate stocks traders
- Availability: Under ASIC.
- Markets: 000+ CFD stocks on the ASX stock exchange.
- Commissions: The stock trading commission is lower starting at $9, as well as the monthly fee of 0.09%. The GST fee is still charged when the FP Markets commission volume requirements are not met.
- Platforms: IRESS Platform.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:20.
- Special features: Free ViewPoint Essential Fee, No additional fee for telephone trades; real-time price streaming
- Account opening: You can begin with a demo account for 30 days, after that you can open a live account with a minimum deposit of $25,000.
FP Markets IRESS premier account: Best for experienced stocks traders
- Availability: Under ASIC.
- Markets: 10,000+ CFD stocks on the ASX stock exchange.
- Commissions: There are no stock trading and GST fees, but only a monthly fee of 0.08%, and a rollover fee if you hold a position overnight.
- Platforms: IRESS Platform.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:20.
- Special features: No additional fee for telephone trades; real-time price streaming
- Account opening: A demo account can be used for 30 days, while the minimum deposit you need to open a live account is $50,000.
FP Markets Professional account: Best for high-volume traders
- Availability: Under CySEC, ASIC.
- Markets: 100+ on forex accounts; 10,000 on CFD stock accounts (only for ASIC clients); a stock trading commission that starts from $10
- Commissions: Spreads start from 0 pips depending on your account choice; a fee of $10, $9, or $0 and a monthly fee from 0.1% depending on the IRESS account choice (only ASIC); CFD assets are subject to rollover fees
- Platforms: MetaTrader4 and 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:500.
- Special features: Higher leverage; Negative Balance Protection; Personal Account Manager; VIP Program where clients may also be eligible for rebates and early access to select product releases; Referring discounts.
- Account opening: The minimum deposit you need to make depends on the account type choice.
FP Markets MAM account: Best for corporate traders
- Availability: Under ASIC, BVI.
- Markets: Forex, indices, commodities, crypto (100+ assets).
- Commissions: You will get charged spreads from 0 pips depending on your account choice; a fee of $10, $9, or $0 and a monthly fee from 0.1% depending on the IRESS account choice (only ASIC), and a rollover fee if you hold a position overnight.
- Platforms:
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (ASIC); 1:500 (BVI).
- Special features: Unlimited sub-accounts; compatible with EAs; low commission structure; managers can calculate performance fees for all their clients very simply.
- Account opening: You can try a MAM account first, then the minimum deposit depends on the account type choice.
FP Markets Islamic account: best for Muslim traders
- Availability: Under ASIC, BVI.
- Markets: Forex, indices, commodities, crypto (100+ assets in total).
- Commissions: Islamic clients find spreads from 0 pips with a commission of $3 per lot depending on your account choice. Moreover, additional administration fees starting from $1 are charged.
- Platforms: MetaTrader4 and 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (ASIC); 1:500 (BVI).
- Special features: No rollover fees on CFDs.
- Account opening: The Islamic account is available on request. A demo is available, then a minimum deposit starting from $5 depending on your location is needed to open a live account. Islamic accounts are not available on the IRESS platform.
What happens to inactive FP Markets trading accounts?
You do not have to worry about inactivity fees. In fact, FP Markets will not require you to pay an inactivity fee should you not use your account for a while.
If you are interested in closing your account, just contact the FP Markets support team, ask for a full withdrawal refund, and wait for the broker to accept your request.
To learn more, read our FP Markets review.