The FP Markets Minimum Deposit explained in Detail

Established in 2005, FP Markets is one of the safest brokers operating in the market, providing a secure trading environment with all the regulatory compliance present. Since its inception, it has amassed over 12,000 clients globally.

The company is headquartered in Sydney, Australia and falls under ASIC regulations. The broker has also recently added a European entity that falls under the regulatory body of CySec. This allows FP markets to serve customers within the EEA zone as well. FP Markets is known for its true ECN electronic bridges, coupled with a powerful trading technology. The FP Markets Minimum Deposit for both standard and Raw MT4/MT5 accounts is fixed at $100 USD or the equivalent in other supported currencies.

FP Markets provides trading in forex instruments, CFDs on stock indices, stocks, commodities and cryptocurrencies, as well as individual stocks on the Australian Securities Exchange. One can change the default leverage level of all products found on the MetaTrader accounts. However, the leverage cannot be changed on IRESS platforms. It also provides traders with trading ideas through a section known as “Traders Hub”. The Metatrader platform offers an additional tools called Autochartost, which recognises charting patterns and finds out the trading direction for the trader. 

 

 

Note: Your capital is at risk

 

FP Markets Deposit Methods

FP Markets provides a range of different deposit methods for their user’s funds. The following list of available deposit methods are highlighted along, with the currencies accepted by each method and minimum deposit amount required in each case. Additionally, FP Markets covers all internal bank fees for international deposits.

 

Deposit Method	Currencies Accepted	Minimum Deposit Fees	Time taken to complete funding
Bank Transfer	All	No deposit fees charged by FP Markets; Broker also covers international fee up to $50 for deposits in excess of $10,000	1 Business day
Credit and Debit Card(Visa and Mastercard)	USD,AUD,CAD,CHF,EUR,GBP,HKD, JPY,NZD and SGD	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
Poli	AUD	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
BPay	AUD	No fees charged	1 business day
Neteller	SD, AUD, CAD, CHF, EUR, GBP,  JPY, PLN and SGD	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
PayTrust	IDR, THB, MYR and VND	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
Skrill	EUR, USD and GBP	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
NganLuong.vn	VND	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
Online Pay 中国网银	RMB	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
Broker to Broker	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD	No fees charged; FP markets covers international fees up to $50	1 business day from deposit.
Fasapay	IDR and USD	No fees charged	Instant funding for MT4/MT5 accounts; 1 business day for Iress.
Klarna	EUR	No fees charged	1 to 3 days
South American Payment Method(Directa24)	USD	No fees charged	1 business day

 

 

 

FP Markets deposit fees 

As shown above, FP Markets does not charge any fees for depositing, using all the available methods listed above. For international deposits, FP Markets covers the internal bankfees. For deposit fees charged by banks which are less than $50, the broker covers the client’s international bank fees. However, this is applicable for only those traders who deposit over $10,000.

 

 

Deposit currencies

The base currency for a trading account is the currency in which traders of a particular broker can deposit their funds. It’s not uncommon to find even some of the best brokers providing just one or two base currencies for deposits. Most of these are EUR or USD based, which means that users will require a currency conversion fee to change their existing currency in order to make the deposit.

However, at FP Markets, they have provided support to 10 major currencies as base currencies, which makes it stand out from its peers. The currencies listed include: UR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD and CHF. If your preferred currency is not included in the list of FP Market’s base currencies, then you can consider opening a multi- currency digital bank account.

 

 

How to open account on FP Markets

Before we explain how to open an account on FP Markets, we will first see the account options available. FP Markets provide two trading platforms: Meta Trader and IRESS. Under MetaTrader4/5, traders can open either a Standard Account or a Raw account. On the IRESS platform, traders have three account options: Standard, Platinum and Premier. Additionally FP Markets also provides further options for opening accounts, based on ownership: Trust SMF, Corporate, Joint and Individual.

The account opening process at FP Markets is simple and easy to follow. The whole process can be completed within a window of 15 minutes and the account usually gets verified within the same day. The following steps will help you open an account at FP Markets

• Firstly, add your name, email address and country of residence where requested.
• You will then be asked to provide some personal information about yourself, such as date of birth, profession and residential address.
• You will then be required to select an appropriate account type, along with your preferred base currency and trading platform.
• A questionnaire will be provided to you. Filling this form will allow you to prove that you have sufficient understanding of financial products for trading.

 

 

FAQs

1. How do I withdraw from FP markets?

To withdraw from FP Markets, you have to navigate first to your Client Area, which can be found here: https://portal.fpmarkets.com/funding/withdraw.

One thing to note here is that FP Markets allows you to only withdraw the same amount as your deposit, using the same method. You can choose any alternative method to withdraw profits once the deposits have been withdrawn.

In cases where the users have used several methods to make multiple deposits, they will be required to withdraw the same amount as per their deposits made by each method. Card deposits should be withdrawn first to the same card, after which you can use the other methods to make the remaining withdrawals. These steps have to be completed if one wants to begin withdrawing profits.

2. Is FP Markets a good broker?

After looking at all the features, instruments offered as well as the degree of customer service, its safe to say that FP Markets is a good broker with a favourable reputation in the market. It caters towards the requirement of different traders as it provides separate educational resources dedicated to technical and fundamental analysis. It provides over articles in its trading knowledge section, along with five eBooks to help novice traders get a grip on the market.

3. Does FP Markets offer a demo account?

Just like the majority of brokers in the market, FP Markets also offers a demo account. A demo account is very helpful to novice traders as they get a chance to trade in a real environment using virtual money. By using FP Market’s demo account, you won’t lose any real money even if you make wrong trading decisions in a virtual trading environment. Additionally traders can test new strategies in a demo account as well to see if they are worth applying in the real market.

 

 

Conclusion

FP Markets overall is a great forex and CFD broker, regulated by top-tier Australian Securities and Investments Commission (ASIC). With low forex fees and no inactivity fees charged, it provides a cheap and effective way to trade. Both depositing and account opening processes are fast enough and are executed without any problems. All of these point towards FP Markets being a broker worth investing in for the long run.

 

Note: Your capital is at risk