FP Markets offers two core account types — Standard and Raw — and both carry the same $100 AUD (or equivalent) minimum deposit, per our Broker & Bonus Matrix record verified in June 2026. The difference between them is purely the pricing model: Standard builds all costs into the spread with no separate commission, while Raw pairs raw spreads with a per-lot commission. Both run on all three platforms FP Markets supports — MT4, MT5 and cTrader — and, unusually for this comparison, neither account carries any bonus eligibility, because FP Markets offers no bonuses at all. This guide compares the two accounts on the facts our research verified, is explicit about the figures it could not (fpmarkets.com blocked our tools), and gives you a clean framework for choosing.
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FP Markets Account Types Comparison Table
| Feature | Standard Account | Raw Account |
|---|---|---|
| Minimum deposit | $100 AUD or equivalent | $100 AUD or equivalent |
| Pricing model | All-in spread, no separate commission | Raw spreads + per-lot commission |
| Commission | None | Charged per lot — rate not in our verified dataset; confirm on the broker’s pricing page |
| Typical spreads | Not independently verified (live testing pending) | Not independently verified (live testing pending) |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader |
| Bonus eligibility | None — FP Markets offers no bonuses | None — FP Markets offers no bonuses |
| Best for | Beginners; traders who want one simple cost per trade | Active traders and scalpers who track total cost per lot |
Source: forex-bonus.com Broker & Bonus Matrix, verified June 2026. fpmarkets.com returned HTTP 403 to our research tools, so spread and commission figures are deliberately absent rather than copied unverified from other sites — the account structure and minimums above are the Matrix-verified facts.
The One Decision That Matters: Spread-Only vs Raw-Plus-Commission
Strip away the marketing and choosing between FP Markets’ two accounts is a single question: how do you want to pay your trading costs?
Standard Account: one cost, built in
The Standard account charges you through the spread alone. Whatever the quoted spread is at the moment you trade, that is your full round-trip cost — no commission line on your statement.
- Best for: beginners and lower-frequency traders. One number to watch, simpler breakeven arithmetic, no per-lot bookkeeping.
- The trade-off: all-in spreads are structurally wider than raw spreads, because the broker’s compensation is inside them. If you trade rarely, the difference barely matters; if you trade constantly, it compounds.
Raw Account: tighter spreads, explicit commission
The Raw account quotes spreads close to the underlying market and charges a separate commission per lot traded. Your true cost per trade is spread cost plus commission — two components instead of one.
- Best for: active traders, scalpers and EA users, for whom tighter entry pricing usually outweighs the commission at volume. Raw-style pricing also makes cost comparison across brokers cleaner, which is why cost-focused traders prefer it — see our low-spread brokers guide for that landscape.
- The trade-off: you must know the commission rate to know your real cost — and here is our honest gap: FP Markets’ per-lot commission rate is not in our verified dataset, because the broker’s site was inaccessible to our research tools. Confirm the current rate on FP Markets’ own pricing page before choosing Raw; it is the single number that decides this comparison.
The breakeven logic (worked example — illustrative, not FP Markets figures)
The universal arithmetic, with hypothetical numbers to show the method: suppose a spread-only account prices EUR/USD at 1.2 pips all-in (about $12 per standard lot), and a raw account prices it at 0.2 pips (about $2) plus a $6 round-turn commission — $8 total. The raw-style account saves roughly $4 per lot; across 50 lots a month that is about $200. Reverse the numbers and the conclusion reverses. The method is what matters: total cost per lot = spread cost + commission. Get FP Markets’ live quotes for both accounts, run this calculation for your instruments, and the account choice makes itself.
What Both Accounts Share
Whichever pricing model you pick, the surrounding package is identical — and it is the package that puts FP Markets on shortlists:
- The same $100 entry. Unusually, FP Markets does not gate Raw pricing behind a higher deposit tier — both accounts open at $100 AUD or equivalent. Full funding details in the FP Markets minimum deposit guide.
- All three major platforms. MT4, MT5 and cTrader are available on both accounts (desktop, web and mobile). That third option is genuinely rare — most brokers in our database are MetaTrader-only, and cTrader’s Level II depth of market and cAlgo automation have a dedicated following.
- Seven-license regulation. Both accounts sit inside the same group structure: ASIC and CySEC at the top, FSCA (South Africa) and CMA (Kenya) regionally, and offshore entities serving most other markets. Which entity holds your account depends on your country — the full breakdown is in Is FP Markets legit & regulated?
- Leverage by entity, not by account. Retail clients under the ASIC and CySEC entities are capped at 1:30 by regulation; offshore entities permit higher. The exact offshore maximum is not recorded in our verified dataset — confirm it for your country during registration.
- No bonus strings on either account. Covered next, because it changes how you should think about this broker.
Bonus Eligibility: None — and Why That Simplifies Things
At most brokers, account-type pages need a bonus-eligibility matrix: which tiers qualify for the deposit match, which are excluded, what the volume locks are. Compare XM’s account types, where Micro and Standard qualify for the deposit bonus but Ultra Low does not.
FP Markets requires no such matrix: as of our June 2026 verification, it offers no deposit bonus, no welcome bonus and no no-deposit bonus in any region, on any account. Its heavy regulation (ASIC and CySEC both ban retail incentives) shapes the policy, and it has not built promotions through its offshore entities either. The only confirmed active promotion is a Refer-a-Friend program, which pays the referrer — not the trader — and a VPS fee reimbursement for qualifying volume. The full picture, including verified bonus alternatives, is on our FP Markets bonus & promotions page.
The practical consequence for account choice: your equity is simply your equity. No volume-locked credit, no proportional bonus removal when you withdraw, no expiry clocks. If a bonus is a priority, this broker is the wrong venue — XM ($30 no-deposit bonus plus 50%/20% match, $5 entry) is the verified alternative most of our readers compare first, and the Bonus Finder filters every verified offer by country.
Which FP Markets Account Should You Choose?
Choose Standard if:
- You are newer to trading and want one simple, visible cost per trade
- You trade a handful of positions per week or less, where the spread difference compounds slowly
- You would rather not track a separate commission when calculating breakeven
Choose Raw if:
- You trade actively — day trading, scalping, or EAs — and total cost per lot drives your results
- You are comfortable confirming the current commission rate on the broker’s pricing page and doing the breakeven maths above
- You want pricing that is easy to benchmark against other raw-model brokers
Choose neither if:
- Your starting capital is under $100 — verified low-entry alternatives include XM and FBS at $5 (see the minimum deposit comparison)
- You specifically want bonus credit with your deposit — FP Markets offers none, and the promotions page lists brokers that do
Still deciding? Both accounts can be tested on demo first, and FP Markets’ broader profile — regulation, longevity, platform lineup, the honest gaps in our data — is assessed in the full FP Markets review.
How to Open Your Chosen Account
- Register with FP Markets — start here — and complete KYC verification (government ID and proof of address).
- Select Standard or Raw during account setup, and your platform (MT4, MT5 or cTrader). If you later want the other pricing model, brokers of this type generally allow additional accounts under one profile — confirm the process with FP Markets support.
- Check the live cashier for your country. Payment methods, per-method minimums and processing times are not in our verified dataset — the deposit page after registration is the authoritative source.
- Fund at or above the $100 AUD-equivalent minimum, with a small buffer if depositing in another currency.
- Verify the commission rate (Raw) and live spreads (both) before sizing up. Then test the full cycle early: small trade, then a modest withdrawal. A broker’s withdrawal behaviour is the most informative data a trader can collect.
Frequently Asked Questions
What account types does FP Markets offer?
Two core account types per our June 2026 verified record: Standard (all trading costs built into the spread, no separate commission) and Raw (raw spreads plus a per-lot commission). Both carry a $100 AUD or equivalent minimum deposit and both are available on MT4, MT5 and cTrader. The broker’s site may list additional platform-specific variations — check FP Markets directly for the current lineup, as our dataset records the two core tiers.
Which FP Markets account is best for beginners?
The Standard account, for most beginners. Its spread-only pricing means one visible cost per trade and simpler breakeven arithmetic while you learn. The entry barrier is identical either way ($100 AUD or equivalent), so you are not paying extra for simplicity — you are only deferring the raw-plus-commission cost optimization until your volume justifies doing the maths.
What is the difference between FP Markets Standard and Raw accounts?
Purely the pricing model. Standard charges you through a wider all-in spread with no commission; Raw quotes near-market spreads and adds a per-lot commission. For active traders, raw-plus-commission usually works out cheaper in total; for occasional traders, the difference is small and Standard is simpler. FP Markets’ exact commission rate and live spreads are not in our verified dataset — confirm both on the broker’s pricing page and run the total-cost-per-lot comparison before deciding.
Can I get a bonus on any FP Markets account type?
No. FP Markets offers no deposit bonus, welcome bonus or no-deposit bonus on any account type, in any region, as of our June 2026 verification — a consequence of its ASIC/CySEC regulatory posture. Its only confirmed active promotion is a Refer-a-Friend program. If bonus credit matters to your plan, see the verified alternatives on our FP Markets promotions page; note that bonuses are banned for retail clients in the EU, UK, Australia and US regardless of broker.
Does FP Markets offer cTrader on both accounts?
Yes — MT4, MT5 and cTrader are recorded for FP Markets across its account lineup, making it one of the very few brokers in our database with all three major platforms. If cTrader is your requirement, your realistic shortlist among vetted brokers is short, and FP Markets is on it.
Do FP Markets accounts have swap-free (Islamic) versions?
Swap-free availability is not recorded in our verified dataset — fpmarkets.com was inaccessible to our research tools during the June 2026 cycle, and we do not state unverified features as fact. Many multi-entity brokers offer swap-free conversion on request; ask FP Markets support directly, and see our Islamic forex bonus guide for brokers with confirmed swap-free options.
⚠️ Risk Warning: Forex and CFD trading carries significant risk. Most retail traders lose money. Never trade with funds you cannot afford to lose.
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Written by Tim Morris · Forex industry analyst · About Tim