Choosing the right account type is one of the most important decisions when trading with FP Markets. Each account tier targets a different trader profile, with variations in minimum deposit, spread structure, commission model, leverage, and bonus eligibility. This guide breaks down every FP Markets account option so you can match it to your experience level, capital, and trading goals.
FP Markets at a Glance
- Founded
- 2005
- Min Deposit
- $100
- Regulation
- ASIC, CySEC, FSCA
- Platforms
- MT4, MT5, cTrader
- Vetting Score
- 8.5/10
- Active Offers
- 0
FP Markets Account Types Comparison
The table below provides a side-by-side overview of the account tiers commonly available at FP Markets. Exact figures for spreads, commissions, and leverage may vary depending on your region and the regulatory entity under which your account falls. All data should be confirmed on the broker's website before opening an account.
| Feature | Standard / Starter | Advanced / Pro | VIP / Premium |
|---|---|---|---|
| Min Deposit | $100 | Check broker website | Check broker website |
| Typical Spreads | Varies by instrument | Varies by instrument | Varies by instrument |
| Commission | Check broker website | Check broker website | Check broker website |
| Max Leverage | Varies by region | Varies by region | Varies by region |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader | MT4, MT5, cTrader |
| Instruments | Forex, metals, indices, more | Forex, metals, indices, more | Forex, metals, indices, more |
| Bonus Eligible | Check broker website | Check broker website | Check broker website |
| Execution Type | Check broker website | Check broker website | Check broker website |
| Swap-Free Option | Check broker website | Check broker website | Check broker website |
Account details vary by region and regulatory entity. The minimum deposit of $100 for the standard account is sourced from our verified broker data. Confirm all other values on the broker's official website.
Account Features Breakdown
Beyond the headline numbers, the real differences between account types at FP Markets come down to how fees are structured, what tools you have access to, and how the broker executes your orders. Here is what to look at in each tier.
Standard / Starter Account
The entry-level account at FP Markets is designed for traders who are new to forex or prefer to keep their initial capital commitment low. With a minimum deposit starting from $100, it provides access to MT4 and MT5 and cTrader without requiring a large upfront investment.
- Best for: Beginners, part-time traders, and those testing a new broker
- Fee model: Typically spread-only (no separate commission), making cost tracking simpler
- Trade sizes: Usually supports micro lots (0.01) for precise position sizing
- Support: Standard customer support channels
Advanced / Pro Account
Mid-tier accounts at FP Markets are aimed at experienced retail traders who trade frequently enough to benefit from tighter spreads, even when a per-lot commission applies. The total trading cost (spread plus commission) is often lower than the standard account's spread-only pricing at higher volumes.
- Best for: Active day traders and scalpers who prioritize low execution cost
- Fee model: Commission-based with raw or near-raw spreads
- Trade sizes: Micro to standard lots with higher position limits
- Support: Priority support in most cases
VIP / Premium Account
The top-tier account at FP Markets is reserved for high-volume or high-capital traders. It combines the tightest available spreads, the lowest commissions, and additional perks such as dedicated account management, faster withdrawal processing, and exclusive market research.
- Best for: Professional and institutional traders, high-frequency strategies
- Fee model: Lowest commission rates with institutional-grade spreads
- Trade sizes: Large lot sizes with deep liquidity access
- Support: Dedicated account manager, priority withdrawals
Which FP Markets Account Type Is Right for You?
The right account depends on three factors: your experience level, your available capital, and your trading style. There is no universally "best" account — only the best fit for your situation.
Beginner
Start with the Standard account. The lower minimum deposit (from $100) and simpler fee structure let you focus on learning without worrying about commissions.
Active Trader
The Advanced/Pro account is built for you. Commission-based pricing with raw spreads means lower total costs when you trade frequently.
Professional
The VIP/Premium account provides institutional-grade conditions, a dedicated account manager, and the tightest spreads available.
A common mistake is upgrading to a higher account tier before your trading volume justifies it. The commission savings on tighter spreads only pay off if you trade enough lots per month to offset the higher deposit requirement. Use our bonus calculator to model the real cost difference between accounts based on your expected trading volume.
Bonus Eligibility by Account Type
Bonus promotions at FP Markets may not apply uniformly across all account types. Some brokers restrict welcome bonuses to their standard accounts, while others reserve exclusive cashback or rebate programs for higher-tier accounts. Below is what we know from verified data.
Bonus Eligibility Tips
- Check whether the bonus applies to your chosen account type before depositing
- Verify the volume requirement — some bonuses require significant lot turnover
- Higher-tier accounts may offer better cashback rates or exclusive reload bonuses
- Use the turnover calculator to estimate whether you can meet the requirements
How to Open a FP Markets Account
The account opening process at FP Markets follows a standard flow for regulated brokers. Here is what to expect:
- Register online — Visit the FP Markets website and complete the registration form with your name, email, and country of residence.
- Verify your identity — Upload a government-issued ID and proof of address. Regulated brokers are required to perform KYC (Know Your Customer) checks before activating your account.
- Choose your account type — Select the account tier that matches your trading goals. You can typically upgrade later if your needs change.
- Fund your account — Deposit at least the minimum required amount (from $100 for the standard account) using one of the supported payment methods.
- Start trading — Download MT4 or MT5 or cTrader, log in with your new credentials, and place your first trade.
For full details on funding options and fees, see our FP Markets minimum deposit guide.
Key Considerations When Choosing an Account
Before locking in an account type, evaluate these factors carefully:
Total Cost of Trading
Spreads and commissions are only part of the picture. Factor in swap rates (overnight financing), deposit/withdrawal fees, and currency conversion charges. A "zero commission" account with wide spreads can be more expensive than a commission-based account with raw spreads — depending on your trade frequency.
Regional Differences
FP Markets operates under multiple regulatory licenses (ASIC, CySEC, FSCA). The account types, leverage limits, and available instruments may differ depending on which entity serves your country. Traders in emerging markets often have access to higher leverage and bonus promotions that are restricted in jurisdictions like the EU or Australia.
Upgrade and Downgrade Flexibility
Some brokers allow you to switch account types without closing your existing account, while others require you to open a new account. Check with FP Markets support about their policy on account upgrades and whether your trade history and bonus status carry over.
Demo Account Access
Before committing real capital, use a demo account to test the spreads and execution on your chosen account type. Most brokers, including FP Markets, offer free demo accounts on MT4 with simulated market conditions.
Frequently Asked Questions
What account types does FP Markets offer?
FP Markets typically offers multiple account tiers designed for different experience levels and deposit sizes. These commonly include standard accounts with no commission and wider spreads, as well as premium accounts featuring tighter spreads and commission-based pricing. The exact account lineup and conditions should be confirmed on the broker's official website, as they may change.
Which FP Markets account is best for beginners?
Beginners generally benefit from the account type with the lowest minimum deposit and simplest fee structure. At FP Markets, the entry-level account starts from $100, which keeps the capital barrier low while you learn to trade. Look for accounts with no commission and all-inclusive spreads so you can focus on developing your strategy without worrying about multiple cost components.
Can I get a bonus on all FP Markets account types?
Bonus eligibility varies by account type and region. Some brokers restrict promotional offers to specific account tiers or require a minimum deposit above the base level. Bonuses are not available to traders in the EU, UK, Australia, or the US due to regulatory restrictions. Always check the specific terms of any bonus offer to confirm which account types qualify before opening an account.
Continue Your Research
This account types guide is part of our comprehensive FP Markets coverage. Explore these related pages to get the full picture before you open an account: