FP Markets Account types

have 2 types of Accounts, Standard and Raw accounts. Both accounts have a minimum deposit of $ 100. Alternatively, traders can open a Standard, Platinum, or Premier account in the Iress platforms.   

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSCA, CMA

Start Trading Read Review

FP Markets Account types –  key points, quick overview:

1. ☑️Overview
2. ☑️FP Markets Account Types and Features
3. ☑️How to Open an FP Markets Account step by step
4. ☑️FP Markets at a Glance
5. ☑️FP Markets Customer Reviews
6. ☑️Pros and Cons
7. ☑️Conclusion
8. ☑️Frequently Asked Questions

Overview

• FP Markets, a major player in the worldwide financial trading environment, has adjusted its services to fit the special demands of South African traders, providing a one-of-a-kind combination of conditions and features tailored to this market.
• Two of FP Markets' notable advantages for South African traders are deep liquidity pools and narrow spreads.
• This feature is especially useful for forex and CFD traders because it allows for more precise and cost-effective trading tactics.

FP Markets Account Types and Features

MT4/5 Standard Account

• The MT4/5 Standard Account is suited for traders who seek a simple trading environment with no commissions.
• This account type provides access to a wide choice of instruments with no commission fees, making it ideal for beginning traders or those who prefer.
• Spreads start slightly higher than in the Raw Account, but the lack of commission costs may tempt those who trade less frequently or in lower amounts.

MT4/5 Raw Account

• The MT4/5 Raw Account is designed for more experienced traders who like trading with tighter spreads.
• This account type levies a transaction commission but offers much cheaper spreads beginning at 0.0 pips.
• Despite the commission, the MT4/5 Raw account is an appealing choice for high-volume traders, scalpers, and those utilizing automated trading systems because the lower spreads can drastically reduce trading costs over time.

MT4/Islamic Account

• FP Markets offers an MT4/Islamic Account built exclusively for South African traders who follow Islamic finance principles.
• This account is designed per Sharia law, which prevents the accrual of interest or swap on trades.
• The Islamic Account at FP Markets assures no swaps or interest are paid on overnight positions, making it a good option for Muslim traders who want their trading activity to be consistent with their religious views.

MT5 Islamic Standard Account

• The MT5 Islamic Standard Account is intended for traders who seek a Sharia-compliant account.
• This account type does not charge swaps or interest on overnight positions, an essential condition for Islamic finance.
• In other ways, it is similar to the Standard Account, but it offers larger spreads with no commission fees, making it acceptable for Muslim traders who follow Islamic financial principles.

MT4/5 Islamic Raw Account

• The MT4/5 Islamic Raw Account, like the Islamic Standard Account, is Sharia-compliant. It does not offer swaps or interest on overnight positions.
• This account is similar to the Raw Account in that it offers tighter spreads but with the addition of commission fees.
• Furthermore, the MT4/5 Islamic Raw Account is an excellent option for Muslim traders who want the benefits of smaller spreads but do not mind paying commissions on their trades.

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSCA, CMA

Start Trading Read Review

Demo Account

• FP Markets provides a demo account specialized for South African traders, allowing them to practice and perfect trading methods in a risk-free environment.
• This trial account simulates real-market conditions, allowing traders to learn about the intricacies of forex and CFD trading without risking their money.
• South African traders can access the same instruments as live account holders, including Forex, indices, commodities, and cryptocurrencies.

Professional Account

• The FP Markets Pro Account is intended to provide South African traders with an all-encompassing and professional trading experience.
• This account includes various exclusive features and benefits, such as increased leverage, and it is unaffected by planned regulatory changes that may limit leverage for other traders.
• With the FP Markets Pro Account, users can maintain maximum leverage across various products, including Forex, Shares, Commodities, Metals, Indicators, and Cryptocurrencies.

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSCA, CMA

Start Trading Read Review

What account types does FP Markets offer?

FP Markets offers Standard and Raw ECN accounts for MetaTrader and Raw Spread for cTrader. These accounts cater to different trading styles and budgets, with tight spreads and varying commission structures.  

Are Islamic accounts available?

Yes, FP Markets provides Swap-Free Islamic accounts compliant with Sharia law. These accounts are available upon request and come with all features of the standard accounts but without overnight interest.  

How to Open an FP Markets Account step by step

To open an account with FP Markets, South Africans can follow these steps: [video width="1920" height="1080" mp4="/storage/images/2023/12/How-to-FP-Market.mp4"][/video]  

Step 1: Open a Live Account

• Navigate to the option for creating a new account on the official FP Markets website, typically found in the main menu or homepage.

Step 2: Complete the application

• Complete the initial application with your basic information, including your full name, email address, and country of residence.
• Provide additional personal information, such as your date of birth, current address, and occupation.

Step 3: Choose the type of trading account

• Next, choose the type of trading account that best suits your needs, the trading platform you prefer, and the base currency for your account.
• Complete the brief quiz to demonstrate your understanding of financial products.
• This ensures that you are well-versed in the complexities of trading.
• You must upload documentation that verifies your identification and current residence address as part of the Know Your Customer (KYC) procedure, which is required for account approval.

To close a live trading account with FP Markets

• Access your FP Markets trading account via their website or trading platform.
• Before closing your account, ensure that all open trading positions are closed. This step is critical to ensuring that no positions are left open, which could result in additional charges or changes in value.
• Check your account balance and withdraw any funds that are still available. To do this, go to your account's withdrawal section. Select your preferred withdrawal method and follow the instructions to transfer funds from your account. Remember that the withdrawal process could take several days, depending on the method used.
• Contact FP Markets customer service once all positions have been closed and funds have been withdrawn. This can be done via email, phone, or live chat. Tell them you want to close your account. Keep your account information handy; they may request specific information to verify your identity.
• The customer service team may give you specific instructions or forms to complete. Pay close attention to these instructions. They may also request feedback or the reason for your account closure, usually for service improvement.
• After processing your request, FP Markets should confirm that your account has been closed. Ensure you receive this confirmation to ensure that the account has been officially closed and that no further actions or charges will be incurred.

FP Markets At a Glance

Company Information
📅Year Founded	2005
🧑🏻‍💻Amount of staff	274
👩‍💻Amount of active traders	Over 200,000
🌐Publicly Traded (Listed Company)	No
Regulation and Security
🛡️Regulation	ASIC, CySEC, FSCA, FSA, FSC
🌎Country of regulation	Australia, Cyprus
💻Account Segregation	Yes
🪫Negative balance protection	Yes
🔋Investor Protection Schemes	Yes
Account Types and Features
➕Accounts	Standard, Raw ECN, and VIP accounts available
💳Institutional Accounts	Yes, tailored solutions for institutional clients
👨‍💼Managed Accounts	Yes, offered through third-party managed account services
📇Minor account currencies	USD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit	$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing time	Deposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal Fee	Generally no fees for withdrawals; may vary based on method
📊Spreads from	Spreads start from 0.0 pips on Raw ECN accounts
💸Commissions	From $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supported	Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap Fees	Swap fees apply; may vary depending on the position and account type
📈Leverage	Up to 1:500 depending on the account type and instrument
📏Margin requirements	typically 0.2% - 1%
☪️Islamic account (swap-free)	Yes
💻Demo Account	Yes
⌛Order Execution Time	Typically 40-50 milliseconds on Raw ECN accounts
📆VPS Hosting	Yes
Trading Instruments
🧾CFDs-Total Offered	Over 1,000 CFDs across various asset classes
🗠CFD Stock Indices	Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD Commodities	Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD Shares	Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit Options	Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal Options	Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS
👩‍💻OS Compatibility	Windows, Mac (via emulation), Android, iOS
🖥️Forex trading tools	Yes
Customer Support
🗣️Live chat availability	Yes, available 24/5
📱Customer Support email address	support@fpmarkets.com
📞Customer Support Contact Number	+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media Platforms	Facebook, Twitter, Instagram
🗣️Languages supported on Website	English, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex course	Yes
🧏‍♀️Webinars	Yes
📚Educational Resources	Yes
Partnerships and Programs
🪪Affiliate program?	Yes
👨‍🏫Amount of partners	Over 100,000 affiliates
📋IB Program	Yes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?	Yes
🪙Rebate program	Yes
South African Trader Specific Information
Does FP Markets Accept South African Traders?	Yes
Is FP Markets regulated by the South African regulatory body (FSCA)?	Yes
Does FP Markets offer an Affiliate Program for South African Traders?	Yes
Does FP Markets allow opening trading accounts in ZAR (South African Rand)?	Yes
📝Sign up	👉Open Account

Rank	Broker	Broker Review	Regulators	Minimum Deposit	Visit Broker
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	$100	Visit Now
🥈		Read Review	FSCA, FCA, DFSA, FSA, CMA	$0	Visit Now
🥉		Read Review	CySEC, IFSC, DFSA, FCA	$5	Visit Now
4		Read Review	ASIC, CySEC, FSA, SCB	$0	Visit Now
5		Read Review	FSA, FSCA	$250	Visit Now
6		Read Review	FSA, FSC, FSCA, ASIC, CMA	$20	Visit Now
7		Read Review	FSC, FSCA	$50	Visit Now
8		Read Review	ASIC, CySEC, FSCA, FSA, FSC, CMA	$100	Visit Now
9		Read Review	CySEC, MWALI, FSCA	$25	Visit Now
10		Read Review	FSA, CySEC, FSCA, FSC	$10	Visit Now

FP Markets Customer Reviews

• Reviews and ratings of FP Markets are illustrious mainly because of the reasonable trading environment and customer-centric policies.
• It excels in low spreads, fast execution, and a variety of account types, making it more attractive to most traders.
• The platform has a full arsenal of market tradable instruments comprising phenomena like forex, CFDs, and even cryptocurrencies, very strong trading platforms of MetaTrader 4 and 5, too.

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSCA, CMA

Start Trading Read Review

Customers Ratings

🌐 Platform	📝 Feedback Summary	⭐ Rating
	Excellent, effective, fast, and professional customer service	⭐⭐⭐⭐⭐
	Some users praise the broker's low fees, fast execution, and wide range of financial instruments. However, others have criticized the platform's user interface, customer support, and restrictions on certain account types.	⭐⭐⭐☆☆
	Few reviewers have raised concerns about the company's leverage and potential fees.	⭐⭐⭐☆☆
	Generally positive; users commend competitive fees, swift execution, and diverse trading platforms.	⭐⭐⭐⭐⭐
	FP Markets for its competitive spreads, reliable trading platform, and excellent customer support. However, some reviewers mention difficulties with account verification and withdrawal processes.	⭐⭐⭐☆☆
	Predominantly positive feedback users appreciate outstanding customer support and reliable trading experience.	⭐⭐⭐⭐⭐

★ ★ ★ ★ ★

💰 Min Deposit: $100

📈 Leverage: Up to 1:500

🏦 Regulators: ASIC, CySEC, FSCA, CMA

Start Trading Read Review

Pros and Cons

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Frequently Asked Questions

What account types does FP Markets offer?

FP Markets offers Standard and Raw accounts for MetaTrader users, along with IRESS accounts for share trading. Each account is designed to suit different trader levels and strategies, with distinct spreads, commission structures, and platform access.  

What is the difference between the Standard and Raw accounts?

The Standard account has zero commission and spreads from 1.0 pip, while the Raw account features ultra-tight spreads from 0.0 pips with a commission of $3 per side per lot, ideal for scalpers and high-volume traders.  

Who is the Standard account best suited for?

The Standard account is ideal for beginners and casual traders who prefer simple cost structures with no commissions. It offers competitive spreads and full access to trading tools on both MetaTrader 4 and MetaTrader 5 platforms.  

What is the Raw account designed for?

The Raw account is tailored for experienced and professional traders who require tight spreads and fast execution. It’s best for scalping, algorithmic trading, and those who are comfortable paying a small commission per trade.  

Are demo accounts available for all FP Markets account types?

Yes, FP Markets offers demo accounts for both Standard and Raw account types. These allow traders to test strategies, explore the platform, and get a feel for live market conditions without risking real capital.  

Can I switch between account types later?

Yes, FP Markets allows clients to open multiple accounts and switch between Standard and Raw accounts. This flexibility lets traders adjust to different trading strategies or cost preferences as their experience grows.  

Do FP Markets account types support Islamic options?

Yes, both Standard and Raw accounts are available as Islamic (Swap-Free) accounts for Muslim traders. These accounts comply with Sharia law by removing overnight interest charges while maintaining the same trading conditions.  

What is the minimum deposit for FP Markets account types?

The minimum deposit for FP Markets Standard and Raw accounts typically starts from $100. This accessible entry level allows traders to begin trading with competitive conditions while choosing between spread-only pricing or tighter spreads with a commission structure.  

Which trading platforms are available with FP Markets accounts?

FP Markets accounts support several popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms offer advanced charting tools, automated trading features, and fast order execution suitable for both beginner and professional traders.  

Can traders open multiple FP Markets account types?

Yes, FP Markets allows traders to open multiple trading accounts within the same client profile. This flexibility enables traders to test different pricing structures, trading strategies, and platforms while managing all accounts conveniently from one secure dashboard.  

Do FP Markets account types support automated trading?

Yes, FP Markets accounts support automated trading through Expert Advisors (EAs) on MetaTrader platforms and algorithmic tools on cTrader. This allows traders to implement automated strategies, back-test systems, and execute trades automatically based on predefined market conditions.  

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