FP Markets Minimum Deposit: Key Information & Guide (2023)

The FP Markets minimum deposit is $100 to open a Standard and a Raw account. To open an IRESS account instead, the minimum deposit is $1.000.

Below you will find:

• every detail about the FP Markets minimum deposit
• their payment methods
• base currencies.

Round-Up

Visit FP Markets (74-89% of retail CFD accounts lose money)

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:

• EUR
• USD
• GBP
• AUD
• CAD
• SGD
• CHF
• HKD
• JPY
• NZD

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.

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.

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.

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.

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 Latam Payments.
• 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

1. Should you be interested in a FP Markets Demo or Live account, the first step is for you to visit the FP Markets website (74-89% of retail CFD accounts lose money). 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.
2. 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.
3. 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.
4. 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

FP Markets Deposit Bonus

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.

If you would like to get better acquainted with this topic, it may be useful if you read our forex brokers offering promotions top ten.

To learn more, read our FP Markets review.