FP Markets Account Types Australia

Understanding FP Markets Account Structure

FP Markets offers three tailored account types to suit trading needs in Australia. The Standard Account provides commission-free trading with spreads from 1.0 pips on major forex pairs. Raw Accounts adopt ECN execution with 0.0 pip spreads plus $3.50 AUD commission per standard lot. Professional Accounts cater to experienced traders with leverage up to 1:500 and exclusive support services.

Each account supports MT4, MT5, and cTrader platforms across desktop, web, and mobile versions. Minimum deposits are $100 AUD for Standard and $1,000 AUD for Raw and Professional accounts. Clients gain access to over 10,000 instruments including forex, commodities, indices, cryptocurrencies, and shares.

Verification usually completes within 24 hours for Australian clients. Required documents include government ID and recent proof of address. Funding options include bank transfer, credit cards, PayPal, Skrill, and Neteller, with same-day processing for most methods.

Standard Account Features and Benefits

The Standard Account is designed for Australian traders seeking commission-free execution with fixed spreads on major and minor currency pairs. Typical EUR/USD spreads average 1.2 pips during peak hours. This account suits traders requiring predictable costs without commission calculations.

Trading Conditions for Standard Accounts

Clients enjoy instant execution with no requotes under normal market conditions. Position sizes reach up to 100 standard lots per trade, with hedging allowed on all instruments. Stop loss and take profit orders trigger automatically, although slippage protection is not guaranteed during volatile periods.

Negative balance protection ensures balances never drop below zero. Margin call triggers at 100%, and stop out occurs at 50% margin levels, complying with ASIC retail client safeguards.

Raw Account Specifications

Raw Accounts utilise an ECN network providing direct access to tier-1 liquidity providers. Spreads can reach 0.0 pips on EUR/USD during high liquidity periods. Commissions are $3.50 AUD per standard lot round turn, calculated separately from spread costs.

ECN Execution Model

Our ECN aggregates quotes from banks like Commonwealth Bank, ANZ, and global institutions. Average execution latency is 0.04 seconds without dealing desk intervention. Market depth displays up to 10 price levels for transparency.

Raw Account clients benefit from priority routing during news events. Slippage protection limits adverse movements to 2 pips on majors under normal conditions, supporting scalping and high-frequency trading.

Commission Structure Details

Commissions apply per standard lot traded regardless of trade outcome. Mini lots incur $0.35 commission, micro lots $0.035. Commissions appear separately in statements for clear tax reporting.

Monthly rebates are available for clients trading over 50 standard lots, ranging from 5% to 15% based on volume. Rebates credit automatically by the 5th business day monthly.

Professional Account Requirements

Professional Account classification requires meeting ASIC criteria including portfolio value over $500,000 AUD or income surpassing $250,000 AUD. Clients must have conducted over 40 trades quarterly in relevant instruments for four consecutive quarters.

Enhanced Trading Conditions

Professional clients access leverage up to 1:500 on majors and 1:200 on indices. Positions can reach $10 million notional value per instrument. Margin requirements drop to 0.2% for majors and 0.5% for exotic pairs.

Dedicated account managers and 24/7 phone support are standard. Exclusive market analysis, economic calendars, and webinar invitations enhance decision-making.

• Negative balance protection waiver (optional)
• Institutional pricing tiers
• Custom leverage above standard limits
• Priority withdrawals within 2 hours
• Guaranteed stop loss orders

Platform Integration Across Account Types

All account types integrate fully with MetaTrader 4, MetaTrader 5, and cTrader platforms. Clients select platforms during account setup and can add others anytime via the client dashboard. Balances and trade history synchronize across platforms.

MetaTrader Platform Features

MT4 supports Expert Advisors, custom indicators, and automated trading. It includes 30 technical indicators and 23 analytical tools. One-click trading enables fast execution.

MT5 adds more timeframes, economic calendar integration, and full market depth. It supports hedging and netting modes with six order types, including buy stop limit and sell stop limit.

Account Funding and Withdrawal Methods

Australian clients can fund accounts via local bank transfers, international wires, credit cards, PayPal, Skrill, and Neteller. Bank deposits clear in 1-2 business days; withdrawals take 2-3 days. Credit card deposits are instant; withdrawals return to cards in 3-5 days.

Electronic payment methods process deposits instantly with same-day withdrawals. Minimum deposits vary by method: $50 AUD for e-payments, $100 AUD for cards, and $500 AUD for bank transfers. No fees apply from us, but third-party charges may occur.

Withdrawal Processing Procedures

Withdrawals require account verification and may need additional documents for sums over $10,000 AUD. Requests process within 24 hours on business days excluding weekends and public holidays. Local clearing minimises international fees.

Withdrawal limits depend on verification status:

• Unverified: Withdrawals not permitted
• Basic verification: $2,000 AUD daily limit
• Full verification: $50,000 AUD daily limit
• Professional: $100,000 AUD daily limit
• Enhanced verification: Unlimited withdrawals

Risk Management Tools and Features

Our platform includes negative balance protection, margin call alerts, and automatic stop-outs. Margin levels are monitored in real-time with SMS and email warnings near critical thresholds. These tools help Australian traders manage exposure efficiently.

Margin Requirements and Calculations

Margin varies by instrument and leverage. Majors require 3.33% margin at 1:30 leverage; exotics up to 10%. Index CFDs need 5%, while share CFDs require 20% margin for longs.

Margin updates tick-by-tick, calculating used margin for open and pending positions. Free margin indicates available funds; margin level shows equity-to-used margin ratio. Position size calculators assist in determining trade sizes aligned with risk preferences.

Stop Loss and Take Profit Implementation

Stop loss orders close trades automatically at set prices, limiting losses. Take profit orders close positions when targets are hit. Both function during market gaps and weekends.

Guaranteed stops are exclusive to Professional Accounts on major pairs during trading hours. These ensure execution at requested prices despite gaps or slippage. A premium fee of 0.3% on position size applies for guaranteed stops.

Account Monitoring and Management

The client portal provides live account balance updates, detailed trade history, and performance reports. Monthly statements include full trading activity, fees, and account changes to support Australian tax reporting.

Real-Time Account Analytics

Analytics dashboards display profit/loss ratios, average trade durations, and risk-adjusted returns. Heat maps visualize trading intensity across instruments and timeframes to identify performance trends.

Account alerts cover logins, trade confirmations, and security warnings via email and SMS. Two-factor authentication secures login and withdrawal processes. IP monitoring triggers extra verification on unusual access.

Customer Support Integration

We offer live chat, email, and phone support with average live chat response times under two minutes during Australian business hours. Professional clients receive priority assistance via direct phone lines and dedicated managers.

Support includes platform help, trade strategy advice, and account optimization. Educational materials such as video tutorials, webinars, and market commentary focus on Australian market conditions.