FP Markets Commission or Brokerage Charges – Review, Plans, FAQs & more
Check out all details about FP Markets Commission or Brokerage Charges here.
FP Markets is a tier-1 forex trading company based in Australia. Established in 2005, the company has over 100 employees working day and night across the world.
One of the primary reasons the traders love to get associated with FP Market is the reasonable brokerage fees the company is charging.
That is apparently what this article is all about. Now, we will cover everything there is to know about the spreads and commissions that FP Markets is charging.
After we give a brief explanation on spreads and commissions, we will talk about what they are charging for various assets, and the account-based discussion as well.
We also believe it is pivotal to talk about how to open an account with FP Markets. So, let us jump in.
FP Markets Commission or Brokerage Charges
In the world of forex trading, spreads and commissions are pivotal to determine how much you can earn. That is apparently the brokerage fees that FP charges.
Now, there are two kinds of accounts that the company lets you own; something we will learn in detail later.
Based on the type of account that you choose; the spreads and commissions will be levied on you.
The spreads can be as low as 0.0 pip, and the commission can be zero.
Of course, it all depends on two main factors – first, the type of account you choose, as discussed before, and second, the class of assets you wish to trade.
As of now, FP Markets deal with 5 different classes of assets.
So, the spreads and commission primarily vary based on what asset you decide to trade.
Fill up the Form – Open Forex Trading Account Now!
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Types of FP Markets Commission Plans
|Types of Commission Plans|
|Spread||From 1.0 pips||From 0.0 pips|
FP Markets is offering 2 types of accounts to its clients. However, we will also discuss the Islamic accounts. So, here they are:
On a standard account, you can start trading with as low as $100.
The Spreads can be as low as 1.0 pip. Now, you can trade all five classes of assets – currency pairs, metals, indices, commodities, and cryptocurrencies.
The leverage is decent too – 500:1. One of the biggest advantages of owning a Standard account is its Zero Commission plan.
All the usual features are available such as EA, Mobile app as a trading platform, and VPS.
Most of the features of a Raw ECN account are pretty much similar to the Standard account the FP Markets is offering.
You can begin trading by investing just $100, and you can also trade from all five types of instruments – currency pairs, metals, indices, commodities, cryptocurrencies.
The significant difference of using a Raw account is the Spreads fee, which can be as low as 0.0 pip. However, there is a catch too.
The Commission per lot value is a minimum of $3 per side. Now, all the additional features that are there on the Standard account are also available in the Raw account too.
FP Markets Account Opening Process
Now, it is time to explore the steps to how you can open up an FP Markets account. So, here it is below:
Visit the official website link of the company. Once you are on the homepage, you can see the button on the banner named “START TRADING.” Click on that to initiate the account opening process.
Then it will route you to a different page with a registration form on it. Now, you must fill it out with the correct information. You need to fill in more data as you proceed to the next page.
Simultaneously, you need to complete the eKYC process. For that, you need to upload digital copies of your address proof, income proof, and ID proof. It takes a couple of minutes to verify your account.
Then you should get an email notification stating your account is ready to use. Then you should download and install a trading platform that is available on all the devices you have.
The next step is to upload funds and you can begin trading then.
FP Markets Payment or Withdrawal Methods
|Deposit Options||Bpay, Credit Card, FasaPay, Neteller, Ngan Luong, PayPal, Paytrust88, Poli, Skrill, Wire Transfer|
|Withdrawal Options||Bpay, Credit Card, FasaPay, Neteller, Ngan Luong, PayPal, Paytrust88, Poli, Skrill, Wire Transfer|
Depositing and Withdrawal of funds can be painfully slow at times.
Most traders get annoyed if the company takes much time or doesn’t avail a wide range of payment options.
However, with FP Markets, you don’t have to worry about anything related to deposits and withdrawals.
The following are the various payment methods that the company is offering now:
- Credit Card
- Ngan Luong
- Wire Transfer
What is also crucial here is there are no additional fees to make a deposit or withdraw the funds.
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FP Markets Investment Assets
|Supported Cryptocoins||bitcoin, bitcoin cash, ethereum, litecoin, ripple|
|Total Tradable Assets||13057|
|Number Of Currency Pairs||61|
|Number Of Cryptocurrencies||5|
|Number Of Stocks||NA|
|Number Of Indices||12|
|Number Of Commodities||3|
|Number Of Futures||7|
|Number Of Options||NA|
|Number Of Bonds||0|
|Number Of ETFs||NA|
FP Markets is offering five classes of assets – forex, shares, indices, commodities, cryptocurrencies. Now, let us dissect those a bit.
Forex trading is the primary product of the company since its inception. As of now, they provide more than 60 popular currency pairs.
You can trade company shares with FP Markets.
There are over 10,000 stocks listed with the company right now.
What is significant here is you can trade directly from stock exchanges all around the globe such as ASX, AXW, NASDAQ, NYSE, and many more.
Indices are always a lucrative form of trading. Therefore, the company is availing 19 major global indices to trade from. You can trade commodities like gold, oil, silver, and a few more.
Some well-known names are West Texas Intermediate Crude Oil, Natural Gas, and Silver vs Australian Dollar.
Finally, there are popular assets in cryptocurrency trading as well that you can try as well – bitcoin, bitcoin cash, ethereum, litecoin, and ripple.
FP Markets Commission – Conclusion
FP Markets is an experienced company which has 16 years of experience.
The brokerage fees that include spreads and commissions are well-thought-out, to say the least. You can start trading with just $100 gives a vibe that they are happy to open their business arms for almost everyone.
There are two variants of accounts in the offering; each has its benefits that you can check out.
The spreads can be 0.0 pip if you choose the Raw account, whereas the commission fee can be zero in the Standard account.
So, you always have the option to choose what suits you best.
Plus, there are dedicated Islamic accounts with almost similar features. However, there are some alterations, which we suggest you consult with the support team.
To conclude, the brokerage fee of FP Markets is much more pocket-friendly.
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FP Markets Charges or Fees – FAQs
Here is the list of FAQs related to the FP Markets Brokerage Charges or Fees:
Do FP Markets charge commission?
The commission is a part of the overall brokerage fee that any online trading company charges.
However, what is interesting here is FP Markets is the commission fee can be zero if you opt to choose to open a Standard account.
But if you select the Raw account, the commission fee is applicable.
How much do FP Markets charge brokerage?
The brokerage fee of FP Markets is divided into spreads and commissions.
There are a couple of factors that determine how much you need to pay.
The first factor is what type of account you choose. In the Standard account, the spreads can be as low as 1.0 pip, whereas the commission fee is nil.
On the other hand, if you select the Raw account, while the spreads can be as low as 0.0 pip, the commission can be $3 per side.
Another aspect that you should understand is the spreads or commission fee is not static, and every asset has its own set price that you need to pay for trading.
What is the Minimum Deposit required in FP Markets?
Whether you select the Standard account or the Raw account, you can start trading with as low as $100.
How much leverage do FP Markets provide?
The leverage set by FP Markets is quite competitive – 500:1.
The best part is you can get that leverage in whichever type of account you select – Standard or Raw.
How much is Spread at FP Markets?
There are five classes of assets that FP Markets provide.
The spreads fee is dynamic and varies with the assets you choose to trade.
Now, it can be as low as 0.0 pip in the Raw account, whereas it can be as low as 1.0 pip if you are using the Standard account.
What type of Commission Plans are available in FP Markets?
FP Markets has subtle plans for the commissions they charge while you trade.
However, the first thing that you should know is the commission fee is dynamic and changes with the assets you choose to trade.
Meanwhile, if you use the Standard account, the commission fee is Zero, whereas, for the Raw account it is $3 per side.
Do FP Markets provide Cryptocurrency for Investment?
Yes, there are a variety of crypto assets that you can choose to trade from.
Is FP Markets a legit Forex Broker?
Considering the company is regulated by two of the most trusted organizations – ASIC and CySEC, the security aspect of FP Markets is well-covered.
Additionally, in all the trading platforms that they are offering, you will find the 2-step verification feature enabled, which ensures that the company is legit.
Can I invest in FP Markets with $5?
Unfortunately, this feature is not available. To begin trading, you must invest a minimum of $100, whether you own the Standard account or Raw account.
Are there any hidden charges available with FP Markets?
No, there are no hidden costs involved that we can figure out.
Meanwhile, to avoid any confusion, we suggest you have a word with the support team before you commit.
Fill up the Form – Open Forex Trading Account Now!
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