FP Markets account types explained (2026)
By Akash · Published · Facts checked on FP Markets's own site on (UTC)
FP Markets lists these accounts: Standard, Raw (Iress and Mottai accounts in Australia) (checked on 16 Oct 2026).
Choosing a FP Markets account comes down to how you want to pay for trades: inside the spread, or as a separate commission on a tighter spread. Below are FP Markets's own published conditions for each account, with the page each line comes from.
FP Markets accounts at a glance
- Account types
- Standard, Raw (Iress and Mottai accounts in Australia)fpmarkets.com
- Spreads from
- 0.0 pips (Raw; Standard from 1.0 pips)fpmarkets.com
- Commission
- US$3 per lot per side (Raw, MT4/MT5; AU$3.50 per side under ASIC); Standard: no commissionfpmarkets.com
- Minimum deposit
- No minimum deposit (depends on the payment method; Iress and Mottai accounts AU$1,000)fpmarkets.com
- Maximum leverage
- 1:500 (First Prudential Markets Ltd, Seychelles; 1:30 for ASIC and CySEC retail clients)fpmarkets.com
- Account currencies
- AUD, USD (Australian entity)fpmarkets.com
Spread or commission: how each account charges you
FP Markets's spreads: "0.0 pips (Raw; Standard from 1.0 pips)". Its commission: "US$3 per lot per side (Raw, MT4/MT5; AU$3.50 per side under ASIC); Standard: no commission". A "from" spread is the lowest the broker shows, not what you pay most of the time. To compare two accounts fairly, add the spread cost and the round-turn commission for one lot; the cost per lot calculator does it in a few seconds.
Which account suits which trader
- Fewer, longer trades: the spread matters less than swaps and simplicity; a commission-free account keeps the costs in one number.
- Many short trades: the spread is paid on every trade, so a raw-spread account with commission often costs less per lot. Check with the calculator before you decide.
- Small first account: start with the account that has the lowest minimum deposit (FP Markets: "No minimum deposit (depends on the payment method; Iress and Mottai accounts AU$1,000)") and a demo first.
Platforms you can use
FP Markets lists: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, Mottai. Not every account is available on every platform; FP Markets's account pages say which.
FP Markets's licensed companies
Which FP Markets company opens your account depends on where you live. If you live in the EU, the UK, Australia, South Africa, Kenya, the UAE or Qatar, our link only goes to a FP Markets entity licensed for your country, and where there is none we show no link. We show no sign-up links at all in India and in other countries where promoting offshore brokers is not allowed. Check each licence on the regulator's register before you deposit.
- ASIC
- First Prudential Markets Pty Ltd · licence AFSL 286354fpmarkets.com
- CySEC
- First Prudential Markets Ltd · licence 371/18fpmarkets.eu
- FSCA
- First Prudential Markets (FSCA entity, name not confirmed) · licence FSP 50926fsca.co.za
- FSA Seychelles
- First Prudential Markets Ltd · licence SD130fpmarkets.com
Before you open an account
FP Markets publishes that 74.51% of its retail CFD accounts lose money. Before you choose, put FP Markets next to its closest rivals: FP Markets vs Eightcap, FP Markets vs Exness, FP Markets vs IC Markets. Our country pages list FP Markets for South Africa, Germany, France, Italy, Spain.
Frequently asked questions
Short answers from FP Markets's own pages, as quoted above.
What account types does FP Markets have?
FP Markets lists: Standard, Raw (Iress and Mottai accounts in Australia) (checked on 16 Oct 2026).
Does FP Markets charge commission?
FP Markets says: US$3 per lot per side (Raw, MT4/MT5; AU$3.50 per side under ASIC); Standard: no commission.
What is the minimum deposit for a FP Markets account?
FP Markets says: No minimum deposit (depends on the payment method; Iress and Mottai accounts AU$1,000).
Sources
FP Markets's own pages and the regulators' registers, read on 16 Oct 2026. We have not traded at FP Markets; every statement above is what these pages say.
Affiliate disclosure. We may earn a commission when you open an account through our links. It never changes a score, a ranking or what we write. Read more.
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning