FP Markets Standard vs Raw account
FP Markets publishes spreads "0.0 pips (Raw; Standard from 1.0 pips)" and commission "US$3 per lot per side (Raw, MT4/MT5; AU$3.50 per side under ASIC); Standard: no commission" (checked on 18 Oct 2026). The Raw account adds a commission to a tighter spread; the Standard account carries its cost in the spread.
"Standard or Raw?" is the first choice you make when you open a FP Markets account. The answer depends on how often you trade, and it can be worked out with two numbers from FP Markets's own pages.
Standard vs Raw: what FP Markets publishes
- Accounts
- Standard, Raw (Iress and Mottai accounts in Australia)fpmarkets.com
- Spreads
- 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
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, Mottaifpmarkets.com
How to work out which costs less
One pip on one standard lot of EUR/USD is worth about $10. So:
- Standard: cost per lot = the spread you actually get, in pips, × $10.
- Raw: cost per lot = the raw spread in pips × $10 + the round-turn commission (twice the per-side figure).
If the Standard spread you see is wider than the Raw spread by more than the commission in pips, Raw is cheaper. Use the live spreads in your FP Markets platform, not the "from" figures, and check with the cost per lot calculator.
Who each account suits
- Standard: traders who place few trades and want one simple cost.
- Raw: traders who place many trades or trade larger sizes, where the tighter spread usually outweighs the commission.
Both accounts sit with the same FP Markets company for your country, so your protection is the same on either.
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 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 50926fpmarkets.com
- FSA Seychelles
- First Prudential Markets Ltd · licence SD130fpmarkets.com
Before you choose
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 IC Markets, FP Markets vs Exness. 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 is the difference between FP Markets Standard and Raw?
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.
Which FP Markets account is cheaper?
It depends on the spread you actually get. Raw is cheaper when the Standard spread is wider than the Raw spread by more than the commission converted to pips (about $10 per pip per standard lot on EUR/USD).
What is the minimum deposit at FP Markets?
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 18 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 the full affiliate disclosure.
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