FP Markets Fees Explained

FP Markets Fees Editor’s Verdict

Fee structures usually separate competitive brokers from the rest. They reveal which trading strategies a broker favors or discourages. Therefore, the cost structure remains one of the most defining aspects when evaluating a broker and assists traders in selecting the best option for their trading requirements.

Our comprehensive FP Markets fees review, together with the FP Markets thorough broker review, provides a detailed breakdown of all trading and non-trading fees. It also shows the difference between commission-free trading accounts and commission-based alternatives. FP Markets offers traders a very competitive choice in its Raw account, available from an FP Markets minimum deposit of $100. Read on for the full details.

Overview of FP Markets Fees and Charges

FP Markets maintains an ideal trading environment for algorithmic traders, scalpers, copy traders, and managed account services. Its commission-based Raw account provides access to deep liquidity pools, transparent pricing, low-latency order execution, and tight spreads.

FP Markets offers both its commission-free Standard and commission-based Raw accounts for a minimum deposit of $100. The FP Markets fees in the Raw trading account are 66%+ lower, while the remainder of the trading conditions are equal.

Here is a snapshot of FP Markets fees:

FP Markets Fees, Spreads, and Commission Explained

FP Markets, an online broker, ranks among competitively priced multi-asset brokers and has significantly cheaper fees than full-commission brick-and-mortar brokers. The past two decades saw online brokers disrupt the brokerage scene, introducing lower costs and making financial markets more accessible. FP Markets, operational since 2005, established itself as one of the most trusted and competitive choices.

Trading costs consist of trading and non-trading fees, and traders considering opening an account should understand the FP Markets fees. It will help understand how they compare to competing offers, and to know what and why they must pay fees, spreads, commissions, and other charges.

Trading fees consist of:

• Spreads (the difference between the bid and the ask price of an asset)
• Commissions (volume-and-account dependent)
• Swap rates (charged on leveraged overnight positions)
• Currency conversion fees (applicable each time the currency of the asset differs from the account base currency)

Non-trading fees include:

• Deposit fee (not charged at FP Markets)
• Withdrawal fee (internal and third-party costs)
• Inactivity fee (not charged at FP Markets)
• Currency conversion fees (for deposits and withdrawals in currencies that differ from the account base currency)

FP Markets Trading Fees

Traders must pay FP Markets trading fees on each transaction. The commission-free Standard account features a more expensive cost structure, while the commission-based Raw alternative offers traders competitive FP Markets fees.

Here is the difference in minimum spreads and commissions at FP Markets:

Equity CFD traders using the geographically restricted Iress trading platform pay a commission between 0.06% and 0.30% per trade per side, dependent on the exchange, with minimum costs per transaction. MT5 equity CFD commissions are lower.

Here is the FP Markets equity fee structure for the MT5 trading platform:

Here is the FP Markets equity fee structure for the Iress trading platform:

International futures CFDs costs also apply for the Iress trading platform:

The Iress trading platform costs $60 monthly, but FP Markets offers it free of charge when traders generate at least $150 in monthly trading commissions. Below is a detailed list of additional FP Markets fees for the Iress trading platform, geared towards active equity traders.

FP Markets fees for private equity exchanges:

FP Markets fees for pro equity exchanges:

FP Markets fees for private futures exchanges:

FP Markets fees for pro futures exchanges:

FP Markets fees for Monthly News and Additional Data Royalties:

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. Traders should check them before evaluating the total trading costs.

Swap rates apply to overnight positions. Please note that swap rates triple on Wednesday to account for trades kept open over the weekend. Forex traders can avoid them by closing their positions before the cut-off time (at most brokers, this is 5pm in New York).

MT4/MT5 traders can access swap rates from their platform by following these steps:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

Traders using the Iress trading platform will pay the following swap rates on standard accounts:

• Long positions: 5.5%
• Short positions: 2.0%
• FP Markets base rate is currently at 1.5%

Since Forex trading consists of currency pairs using two currencies, a currency conversion fee is almost unavoidable. Traders can lower this cost by using the US Dollar as their account base currency, as 80%+ of daily Forex transactions include the US Dollar.

Please note:

• Each non-US Dollar transaction in a US Dollar base account requires FP Markets to convert trades into US Dollars, and a currency conversion fee may then apply.

FP Markets Non-Trading Fees

Non-trading fees refer to costs unrelated to trading, like charges on deposits and withdrawals, account levies, or inactivity fees. Currency conversions can be considered as either part of trading or non-trading fees. While non-trading fees are less frequent, traders should know what they are, and we outlined the few non-trading fees charged at FP Markets below.

FP Markets Deposit Fee

FP Markets does not levy internal fees on deposits, but traders should check any potential third-party payment processing costs. FP Markets reimburses third-party international bank wire fees up to $50 on deposits exceeding $10,000.

FP Markets Withdrawal Fee

FP Markets withdrawal fees apply to most payment processors. While FP Markets lists bank wires and credit/debit cards as free, traders should consider third-party payment processing costs.

Below are details about the withdrawal fees for each FP Markets withdrawal method:

• Bank wires - Commission-free
• Credit/debit cards - Commission-free
• Neteller - 2.0% up to $30 plus country fees (if applicable) per $45,000 transaction
• Skrill - 1.0% plus country fees (if applicable)
• FasaPay - 0.5%
• PayTrust - 1.5%
• Dragonpay - 1.5%
• Perfect Money - 0.5%
• LetKnowPay - Blockchain fees
• Finrax - Blockchain fees
• SticPay - 5.0% for bank wire and 2.5% for e-wallet
• Rupee Payments - 5.75%
• Rapid Transfer - 1.0%
• Virtual Pay - 2.0%
• Xpay - 1.5% (Commission-free for TBH transfers)
• Luqapay - 3.0%
• Pagsmile - 3.0%
• Pay Retailers - 2.5%

All withdrawals except for Xpay transfers in Thai Baht face costs, especially once traders consider third-party fees, which FP Markets does not control. Not all withdrawal options are open to all traders, who must carefully evaluate all charges, including fees from their payment processors for transactions to other sources, like their bank account, to determine the most suitable option.

FP Markets Inactivity Fee

FP Markets does not levy an inactivity fee but archives dormant accounts after 30 days. It may suffice to check their trading account once every 30 days to generate a login event in the database, but traders should consult with FP Markets support to understand the exact rules of what counts as activity.

FP Markets Safety and Security

FP Markets segregates client deposits from corporate funds and has no access to them. Negative balance protection exists, meaning traders cannot lose more than they deposit and owe money to FP Markets. It also operates under regulatory oversight from the Australian Securities & Investments Commission and the Cyprus Securities and Exchange Commission. Most international traders will deal with the unregulated but duly registered St. Vincent and the Grenadines subsidiary. With over fifteen years of experience and a clean operational record, FP Markers established itself as one of the most secure and trustworthy multi-asset brokers.

FAQs

Does FP Markets charge a raw account commission?

The Raw account features Forex commissions of $6.00 per standard round lot, while equity CFD traders pay a percentage-based commission with a minimum cost, depending on the exchange.

Does FP Markets charge inactivity fees?

FP Markets does not charge inactivity fees but archives inactive accounts after 30 days of dormancy.

When does FP Markets charge fees?

Spreads apply the instant a trader opens a position, commissions appl yon each buy and sell transaction, swap rates apply to every open position at 5pm New York time, and currency conversion costs only where applicable when FP Markets must convert currencies.

How much does FP Markets charge for withdrawal?

Withdrawal fees depend on the payment processor and are usually percentage-based, which FP markets transparently lists on its website.

What trading fees does FP Markets charge?

The trading fees at FP Markets consist of spreads, commissions, swap rates on leveraged overnight positions, and currency conversion fees where applicable.

Does FP Markets charge commissions?

FP Markets has a commission-based Raw account with a competitive fee structure. Equity and futures traders also pay a commission per transaction.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.