FP Markets Account Types: Standard, Raw, Pro and the Trader Fit
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FP Markets Account Types: Standard, Raw, Pro and the Trader Fit
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 tier-by-tier breakdown
| Account | Minimum deposit | EUR/USD spread | Commission | Best for |
|---|---|---|---|---|
| Standard | $100 | 1.0 pip typical EUR/USD | zero | spread-only retail |
| Raw | $100 | 0.0 pips raw EUR/USD | $6 round-turn | active traders, low all-in cost |
| IRESS | $1,000 | tiered by IRESS market | per-trade | share CFDs, AU and global equities |
Standard versus Raw, the cost crossover
Standard tiers price the all-in cost into the spread, no commission charged. Raw tiers compress the spread but add a per-round-turn commission line. The crossover point sits where the raw-tier commission converted to pip-equivalent equals the standard-tier spread mark-up. For most broker structures, that point sits around 20 to 30 round-turns per month on EUR/USD.
Below the crossover, the standard tier is the simpler choice and often cheaper. Above the crossover, the raw tier compresses the all-in cost and the commission saving compounds. The desk’s framing: pick the tier that matches the next 12 months of trading frequency, not the marketing copy on the broker’s site.
The professional tier
Professional tiers at FP Markets carry a materially higher minimum deposit floor in exchange for tighter commission per round-turn. The discount only compounds at high volume, so the professional tier is best suited to traders running multi-strategy books or high-frequency systems that justify the floor on cost grounds alone.
Swap-free Islamic accounts
Swap-free arrangements at FP Markets vary by entity. Refer to the broker’s published swap schedule for the exact arrangement on the entity you onboard under.
The honest tier-fit read
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 bundled desk overlay alongside comparable tier structure, 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.
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
FAQ
What account types does FP Markets offer?
Standard (minimum $100), Raw (minimum $100), IRESS (minimum $1,000)
Which FP Markets account is best for beginners?
The Standard or entry-level tier. Lower minimum deposit, spread-only pricing (no commission), simpler all-in cost picture. The desk’s framing: the standard tier is the right call until trading frequency justifies the raw tier on cost grounds.
When should I move to the Raw or Pro tier at FP Markets?
Once trading frequency is high enough that the commission-versus-spread crossover favours the raw tier. As a rough rule, that is around 20 to 30 round-turns per month on EUR/USD for the typical raw-tier commission structure. Below that frequency, the standard tier is the simpler choice.
Does FP Markets offer a swap-free Islamic account?
Swap-free options vary by entity at FP Markets. Refer to the broker’s published swap schedule per instrument and entity for the exact arrangement.
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