FP Markets provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the Standard Account (ideal for casual traders), the Raw Spread Account (optimized for scalping), the IRESS Standard Account (ideal for beginner stocks trader), the IRESS Platinum Account (optimized for intermediate stocks traders), and the Islamic Account (swap-free for Muslim traders). Advanced traders and money managers can access the MAM Account, for corporate traders and money managers who need to manage multiple accounts, the IRESS Premier Account, for experienced stocks traders, and the Professional Account, which offers higher leverage, lower margin requirements and additional benefits.
Each FP Markets account type has distinct pricing models and offers platform compatibility across MT4, MT5 and IRESS Platform.
The availability of the FP Markets account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
What types of trading accounts are available at FP Markets?
The FP Markets account types are listed below.
- FP Markets Demo Account
- FP Markets Standard Account
- FP Markets Raw Spread Account
- FP Markets IRESS Standard Account
- FP Markets IRESS Platinum Account
- FP Markets IRESS Premier Account
- FP Markets Professional Account
- FP Markets MAM Account
- FP Markets Islamic Account
FP Markets Standard Account: Best for casual traders
The FP Markets Standard Account is designed for casual traders seeking access to a broad range of markets. It features spreads starting from 1 pip, no additional commission fees, and supports both MetaTrader 4 and 5 platforms. The minimum deposit requirement is $50 or $100, depending on the client’s location.
The features of the FP Markets Standard Account are listed below.
- 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
The FP Markets Raw Spread Account is tailored for scalpers and traders who require tight spreads and fast execution. It offers spreads starting from 0 pips, with a commission of $3 per lot, and supports both MetaTrader 4 and 5 platforms.
The features of the FP Markets Raw Spread Account are listed below.
- 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
The FP Markets IRESS Standard Account is intended for beginner stock traders focusing on CFD stocks listed on the ASX stock exchange. It charges a stock trading commission starting from $10, plus a monthly fee of 0.1%, and utilizes the IRESS trading platform. The minimum deposit required to open this account is $1,000.
The features of the FP Markets IRESS Standard Account are listed below.
- 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
The FP Markets IRESS Platinum Account is suitable for intermediate stock traders seeking reduced commission rates. It offers a lower stock trading commission starting at $9 and a reduced monthly fee of 0.09%, using the IRESS trading platform. The minimum deposit required for this account is $25,000.
The features of the FP Markets IRESS Platinum Account are listed below.
- 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
The FP Markets IRESS Premier Account is designed for experienced stock traders who engage in high-volume trading. It provides customized commission structures and potentially waives certain fees, depending on trading volume, and utilizes the IRESS trading platform. The minimum deposit required for this account is $50,000.
The features of the FP Markets IRESS Premier Account are listed below.
- 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
The FP Markets Professional Account caters to high-volume traders who meet specific eligibility criteria. It offers higher leverage options and tailored services, depending on the client’s location and regulatory requirements.
The features of the FP Markets Professional Account are listed below.
- 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
The FP Markets MAM Account is designed for corporate traders and money managers who need to manage multiple accounts. It supports allocation by lot, percentage, and balance, with unlimited sub-account management, and is compatible with MetaTrader 4 and 5 platforms.
The features of the FP Markets MAM Account are listed below.
- 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.
- 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
The FP Markets Islamic Account is tailored for Muslim traders who require swap-free trading in compliance with Sharia law. It offers the same features as the Standard or Raw Spread accounts but without overnight swap charges, and supports both MetaTrader 4 and 5 platforms.
The features of the FP Markets Islamic Account are listed below.
- 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 $5 depending on your location is needed to open a live account. Islamic accounts are not available on the IRESS platform.
How to compare the FP Markets trading accounts?
The table to compare the FP Markets trading accounts is shown below.
| FP Markets Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-based Commissions | Overnight Fees | Minimum Trade Size (lots) |
|---|---|---|---|---|---|
| Standard Account | 50 – 100 | 1 | None | Yes | 0.01 |
| Raw Spread Account | 50 – 100 | 0 | $3 per lot | Yes | 0.01 |
| IRESS Standard Account | 1,000 | N/A | $10 + 0.1% monthly | Yes | 0.01 |
| IRESS Platinum Account | 25,000 | N/A | $9 + 0.09% monthly | Yes | 0.01 |
| IRESS Premier Account | 50,000 | N/A | 0.08% monthly | Yes | 0.01 |
| Professional Account | Varies | 0 | Varies | Yes | 0.01 |
| MAM Account | Varies | 0 | Varies | Yes | 0.01 |
| Islamic Account | 5+ | 0 | $3 per lot + admin fees | No | 0.01 |
What are the requirements to open a FP Markets account type?
The requirements to open a FP Markets account are listed below.
- Contact requirements: The contact requirements of FP Markets include a valid email address and a valid phone number
- Age requirements: The age requirement at FP Markets is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at FP Markets include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: FP Markets minimum deposit to activate a live trading account is $50
- Regulatory requirements: The regulatory requirements at FP Markets stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at FP Markets include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do FP Markets account types charge inactivity fees?
No, FP Markets account types do not charge inactivity fees. Traders can keep their accounts open without worrying about additional costs due to inactivity. Whether an account remains active or unused for an extended period, no fees will be deducted. This policy allows traders to manage their accounts freely without concerns about hidden charges.
FP Markets does not impose inactivity fees on dormant or inactive accounts. Traders who do not engage in trading for a prolonged period can maintain their accounts without incurring penalties. The broker does not require any specific actions to keep an account open, and funds remain untouched unless a trader initiates a withdrawal.
Demo accounts at FP Markets are entirely free, and traders never incur FP Markets fees when using or abandoning them. These accounts serve as trial platforms where users trade with virtual funds without financial obligations. Even if traders stop using a demo account, they are not subject to any charges or penalties from the broker.
To learn more, read our FP Markets review.