The online brokerage firm FP Markets requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.

The minimum amount required with FP Markets is $100, which can be deposited via various methods, including wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with FP Markets may vary depending on the type of trading account chosen.

FP Markets generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.

Table of Content

What is the FP Markets minimum deposit?

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.

The FP Markets deposit features are listed in this table below:

FP MARKETS DEPOSIT FEATURES CHARACTERISTICS
FP Markets Standard Account $100 minimum deposit
FP Markets Raw Account $100 minimum deposit
FP Markets Standard IRESS Account $1,000 minimum deposit
FP Markets Platinum IRESS Account $25,000 minimum deposit
FP Markets Premier IRESS Account $50,000 minimum deposit
FP Markets Islamic Account $100 minimum deposit
Deposit Fees No
Withdrawal Fees No
Base Currencies EUR, USD, GBP, AUD, CAD, SGD, CHF, HKD, JPY, NZD

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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.

What are the FP Markets account base currencies?

The FP Markets account base currencies are listed below:

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

fp markets funding page

What are the FP Markets funding and deposit methods?

The FP Markets deposit methods features and fees are listed below.

  • 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. 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, M-PESA and other Asian, African and Latam Payments. Depending on your location, you will also find crypto payments such as Finrax payments and LetKnowPay.

fp markets main deposit methods

What are the steps to fund your FP Markets account?

The steps to fund your fund your FP Markets account are listed below:

  1. Create a FP Markets account:

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.

  1. Verify the FP Markets account:

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.

  1. Fund your FP Markets account:

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.

How does the FP Markets minimum deposit compare with other major brokers?

The comparison between FP Markets’ minimum deposit and those of other brokers can be found in this table below:

FEATURES FP MARKETS AVATRADE IC MARKETS
Minimum Deposit $100 $100 $0 ($200 recommended)
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal Yes Yes Yes
Number of Deposit Methods 17 9 10
Account Base Currencies EUR, USD, GBP, AUD, CAD, SGD, CHF, HKD, JPY, and NZD USD, EUR, GBP, JPY, AUD USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

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 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.