If you want to find more info about FP Markets offer regarding the account types, please note that we have prepared a detailed FP Markets account types guide.
FP Markets Base Currency
First of all, it is important to note that FP Markets makes a wide selection of base currencies available but the availability may depend on your location. These include:
This is an extensive range that caters well for almost every trader no matter where you are located.
FP Markets Funding and Deposit Methods
As you would expect from a top forex broker, FP Markets offers a very good selection of deposit methods for you to choose from. Let’s take a more detailed look at each deposit method available.
FP Markets Wire Transfer
The FP Markets minimum deposit using a wire transfer is 100 Australian Dollars or the equivalent in your chosen account currency. Typically, if you choose to fund this amount with a local bank, then no fees will be applied. This could change if you are funding from an overseas bank, though note that FP Markets will cover your international fees up to 50 USD for deposits exceeding 10.000 USD.
The processing time for this FP Markets deposit type is usually one business day.
FP Markets Credit/Debit Card
Credit and debit card funding options are available with FP Markets through both Visa and Mastercard. The minimum deposit in this case again stands at 100 AUD.
No fees are applied from FP Markets’ side but your card provider may charge you fees the broker is not responsible for. This funding process is typically instant in the case of Metatrader accounts, and takes up to one business day with IRESS accounts.
FP Markets eWallets
eWallet deposit and withdrawals are well facilitated by FP Markets. Both Neteller and Skrill are employed to take care of this with a 100 AUD minimum deposit in place.
Funding in this manner is typically fee-free from the broker side, and again, deposits for the funding of Metatrader accounts are typically instant, while the funding of IRESS accounts takes up to one business day to complete.
FP Markets Other Methods
There are several other funding methods available for your FP Markets account. These will depend on your location.
POLi, Sticpay, BPAY, RapidTransfer and Fasapay are widely available.
If you are based in Asia then Online Pay as well as the services XPAY and Ngan Luong are accessible.
Under the global entity you will also find, among the others: PayTrust, Perfect Money, dragonpay, VirtualPay, MPSA and other Asian, African and LatamPayments.
Depending on your location, you will also find crypto payments such as Finrax payments and LetKnowPay.
The same general rules apply in regard to the deposit processing time. The FP Markets minimum deposits here are not stated but will typically vary.
How to deposit into your FP Markets account: steps by steps
Should you be interested in a FP Markets Demo or Live account, the first step is for you to visit the FP Markets website. If you are new to the trading world, it’s suggested that you start with a demo account. The FP Markets account is a great choice in order to test your knowledge and get acquainted with the broker. If you are interested in finding out more about the best demo accounts offered by brokers, visit our top ten best forex demo account.
Once you’ve managed to improve your trading skills, or if from the start you’re confident enough, you can proceed to open a live account with FP Markets. The broker offers several account types for you to choose. Australian clients can also opt for an IRESS account, where they can trade shares.
After you’ve chosen your account type, the broker needs to verify your account. For this reason, you will be asked to provide a document to prove your identity (passport or ID) and a document to prove your residence (bill utility or bill statement). Depending on your location, the broker may also ask you to fill a questionnaire about your trading knowledge.
After the broker verifies your account, you can fund it: choose one of payment methods available and stick to the minimum deposit requirements at least. After that, FP Markets will process your deposit. It may take a little bit longer than the following deposits, usually a couple of business days. After the deposit is processed, you can start trading and withdraw anytime you want. The withdrawal method must match the deposit method.
FP Markets Minimum Deposit vs Other Brokers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money
At present, there are no FP Markets trading bonus or no deposit bonus on offer.
Previously the broker had offered a 20% deposit bonus and a $30 no deposit bonus. These are no longer available. This is likely in line with regulatory requirements around the world which are becoming more stringent.
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.