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FP Markets Fees Explained: Spreads, Commission, and the All-In Cost

By Ken Chigbo, Founder, KenMacro. 18-plus years across London trading floors and institutional FX. Audit framework runs daily inside the MACRO MASTERY desk.

KenMacro is NOT affiliated with FP Markets. This is an honest editorial read. No affiliate link to FP Markets appears anywhere on this page. If you want a broker the desk vouches for, see Vantage Markets: FCA UK plus ASIC dual Tier-1 stack with Lloyd’s of London insurance on top, and the bundled MACRO MASTERY desk overlay through the KenMacro IB partnership.

The headline fee picture

FP Markets runs a tiered fee structure. The standard tier is spread-only, no per-trade commission. The raw-spread tier charges commission per round-turn lot, with tighter spreads on the same instrument. The all-in cost per tier is the operationally relevant number, not the headline raw spread on its own.

EUR/USD on FP Markets posts at 0.0 pips raw (Raw account), 1.0 pip typical (Standard). Commission is $6 round-turn (Raw), zero on Standard. Convert the commission to pip-equivalent (a round-turn $7 on EUR/USD works out to roughly 0.7 pips on a standard lot) and the all-in cost is the operationally relevant number.

Spread tiers across account types

The raw-spread tier compresses the headline figure but adds the commission line. For high-frequency traders placing 50-plus round-turns daily, the raw tier nearly always undercuts the standard tier on all-in cost. For low-frequency traders placing fewer than 10 round-turns daily, the standard tier is often the simpler choice.

Swap charges

Overnight swap charges are calculated against the interest-rate differential between the two currencies in the pair, plus the broker’s mark-up. FP Markets applies swaps on positions held past the rollover window (typically 22:00 GMT). Sharia-compliant swap-free accounts are available where the broker entity supports it. Refer to FP Markets’s published swap schedule per instrument for the exact daily figures.

Deposit and withdrawal fees

FP Markets supports Bank wire, Visa, Mastercard, PayPal, Skrill, Neteller, BPay (AU), crypto. No broker-side fees on most methods. International bank wire may carry intermediary fees. E-wallets and crypto same business day. Bank wire 1 to 3 business days. BPay (AU) typically intra-day.

The honest all-in cost framing

No FCA UK entity. UK retail clients route to CySEC or SVG. Trustpilot scores high but the desk has not run a live IB audit through the platform. For the ASIC raw-spread retail with shares CFD overlay archetype that wants the desk-overlay bundle alongside comparable all-in cost, the pivot route is Vantage Markets: FCA UK plus ASIC dual Tier-1 stack with Lloyd’s of London insurance on top, and the bundled MACRO MASTERY desk overlay through the KenMacro IB partnership.

FAQ

What commission does FP Markets charge?

$6 round-turn (Raw), zero on Standard. The commission tier scales with account tier, the higher the deposit floor the lower the commission per round-turn lot.

Are FP Markets spreads tighter than the competition?

FP Markets posts 0.0 pips raw (Raw account), 1.0 pip typical (Standard). The all-in cost is what matters, not the headline raw figure. Versus the partner stack the desk runs, FP Markets is competitive on the headline raw, but the pivot to Vantage Markets gives the desk-overlay bundle alongside comparable spreads.

Does FP Markets charge inactivity fees?

Inactivity fees vary by entity and account tier. Refer to FP Markets’s published fee schedule for the entity you onboard under. The desk’s general read: inactivity fees should not be the deciding factor, but they should be priced in if you trade infrequently.

What are the withdrawal fees at FP Markets?

No broker-side fees on most methods. International bank wire may carry intermediary fees.