FP Markets Minimum Deposit Guide (2021)

logomark Luca Puddu calendar Last Updated: November 2021 timer 4 min read
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If you have read our FP Markets review, you will know that they make a range of account types available.

Within these account types, one of the key factors you have to consider is the minimum deposit and how it applies to your trading style.

That is why we have conducted a thorough review of the FP Markets minimum deposit and how it is applied over a range of different funding methods and account types.

This should help you as a trader to select the best deposit method and account type depending on the minimum amount available.

Table of contents

What is the FP Markets Minimum Deposit?

The FP Markets minimum deposit is $100 or equivalent in your trading currency. The minimum deposit depends on which account you choose to trade with: the MT4 accounts have a $100, while the IRESS accounts range between $1000 and $50,000.

FP Markets Features
Minimum deposit $100
Deposit Fees Only for IRESS
Withdrawal Fees No
Base Currencies EUR, USD, GBP, AUD, CAD, SGD, CHF, HKD, JPY, and NZD

FP Markets Standard Account (MetaTrader)

As per the others forex trading low minimum deposit brokers, as well as depending on the funding method, the minimum deposit which applies to you will depend on the account type you are using.

The FP Markets Standard Account with Metatrader is a commission-free forex account. In this case, the minimum deposit is 100 AUD or equivalent amount in your trading currency.

FP Markets Raw Account (MetaTrader)

The FP Markets Raw Account operated through Metatrader is again a forex account, and there’s a reason if FP Markets is featured in our top 10 best MT4 ECN Forex Brokers: it offers very low spreads with a competitive forex commission per lot of $7. The minimum deposit here is again 100 AUD or equivalent.

FP Markets Standard Account (IRESS)

The FP Markets Standard Account through IRESS is used by many traders who wish to trade equities through the proprietary FP Markets trading platform. Here, a monthly fee is charged based on the profits you have made, and a minimum commission of 10 AUD is applied.

The FP Markets minimum deposit for this account type is 1000 AUD or equivalent currency.

FP Markets Platinum Account (IRESS)

Again this account type is used by traders wishing to trade equities through the FP Markets proprietary platform. As with the standard IRESS account, a monthly profit-based fee is charged along with a minimum commission of 9 AUD.

Within this account type, an FP Markets minimum deposit amount of 25,000 AUD or equivalent is required.

FP Markets Premier Account (IRESS)

The FP Markets Premier IRESS Account is their top-tier account for those wishing to trade equities. The platform is the FP Markets proprietary trading platform and there are no platform fees charged at this level. There is also no minimum commission in place.

The FP Markets minimum deposit for this account type is 50,000 Australian Dollars or your equivalent base currency.

FP Markets Base Currency

First of all, it is important to note that FP Markets makes a wide selection of base currencies available. These include EUR, USD, GBP, AUD, CAD, SGD, CHF, HKD, JPY, and NZD.

This is an extensive range that caters well for almost every trader no matter where you are located.

fp markets base currencies

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.

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 100AUD.

No fees are applied if you are funding a Metatrader account. In the case of IRESS accounts though, a 1.6% domestic funding fee, and 3.18% international funding fee applies. 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, BPAY, and Fasapay are widely available.

If you are based in Asia then Online Pay as well as the services Paytrust88, and Ngan Luong are accessible.

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.

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.

FP Markets Minimum Deposit vs Other Brokers

WARNING

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

FP Markets AvaTrade IC Markets
Minimum Deposit $100 $100 $200
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal Yes Yes Yes
Number of Deposit Methods 17 11 9
Account Currencies EUR, USD, GBP, AUD, CAD, SGD, CHF, HKD, JPY, NZD USD, EUR, GBP, JPY, AUD USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

FP Markets Minimum Deposit FAQs

How do I withdraw from FP markets?

To withdraw from FP Markets you need to first log in with your credentials. Withdrawals can then be requested in the Client Area of your account. You will have to withdraw funds to the same payment method you used to deposit them.

Is FP Markets free?

While some accounts do have commissions, others do not. It is up to you as the trader to choose which one is best for you. The FP Markets minimum deposit is generally 100 AUD but it varies depending on the account type.

What is the minimum deposit for FP Markets?

The FP Markets minimum deposit is generally 100 AUD. For the IRESS accounts specifically, it ranges between 1,000 AUD-50,000 AUD.


About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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