FP Markets Minimum Deposit & Commission Blueprint In 2021

The Quick Shot of FP Markets Broker's Minimum Deposit

019, Feb 2021

It's no secret that the number of Forex traders are reaching a peak these days. And we're not even capping. There's solid proof to back this up! As per, several surveys which were published in recent time covering the growth of the Forex industry stated that the percentage has increased by 24.5% since 2017

That's some real numbers, wouldn't you agree?

Moving on, as the number of market traders are rising at an exceeding rate, more services are also expanding as well.
Meanwhile, the scammers are also racing through the market. So, keep your eyes wide open, will you?

<div class="row" style="content: "";clear: both;display: table;">

Besides, if you're new to the market and especially unaware of the Forex Scams, you could get into some real trouble!
So, the following guide will help you get through scammers once and for all. 
Say no to scammers.

Back to our main topic, the brokerage companies are also evolving as well. Under the hood of all the brokerages, If you focus on FP Markets only, you'll get my point. Nowadays, traders common question what is the minimum deposit bonus and other commissions of FP Markets. Here, we'll clear your maze a 2 z.

What is the Minimum Deposit of FP Markets?

$100 is the minimum or initial deposit at FP Markets. The primary deposit indicates that a trader will first need to transfer this amount to his broker account in order to start trading.
You should say this method a minimum deposit or funding. Before you go to the deep you should know why FP Markets is our today's topic. 

FP Markets has become one of the most secure and dependable Forex brokerages across the globe and over the years it has attained trust and satisfaction from the online market traders. 

Not only multiple banks but also non-bank liquidity providers are the primary source of FP Markets liquidity.
Which later on, blends with the tight spreads and low latency and generates a unique trading experience for the active traders.

And that's why FP Markets is an ideal choice for traders. Also, FP Markets is an award-winning broker. Let's see a heap of awards they got.

  • In 2016, FP Markets was one of a number of retail forex brokers in Australia who lobbied against new client money laws proposed by the Australian government.
  • In 2018 First Prudential Markets was licensed by the Cyprus Securities and Exchange Commission.
  • In 2018, FP Markets Secured a Sponsorship Deal with South African golf academy, ASM Academy.
  • Founder Matthew Murphie is also on the board of the Australian CFD & FX Association.
  • In 2019, FP Markets was awarded the Best Global Forex Value Broker Award at the Global Forex Award held in Limassol, Cyprus.
  • On the 12th of May 2020, FP Markets was named as the Forex and CFDs broker with the “Best for Quality of Trade Execution in 2019".

Therefore, it's safe to say that FP Markets is simultaneously evolving in order to fulfil the necessities of its users. And no doubt that this is a very effective initiative taken by the authority. Learn how to verify your live trading account at FP Markets.


                                                                                                   

 So, a HUGE round of applause to them!

Not only that, but they are also widely known for providing both innovative and easy to use trading experience. Besides, they've worked a lot on their deposits and withdrawal procedure so that it can become more time sufficient, fast, secure and moreover user-friendly. And their ultimate goal is to acquire “user satisfaction”.


Let's observe their progression in a bit of detail. Shall we?

FP Markets Minimum Deposit Procedure

The FP Markets minimum deposit amount required is AUS Dollar 100 or currency equivalent. 

First things first, If you want to register yourself with FP markets then you'll need to create a trading account with them and later on, you'll have to complete the deposit part. And for your kind information, you should know that the minimum deposit amount of FP is equivalent to 100 AUS and ZAR1,188.48.

Note: These numeric figures are based on the current market exchange rate and which can change at any time. 

Moving on, FP or First Prudential Markets is mainly based on the Australian residence and also regulated by probably the strictest regulatory bodies available. Which is obviously the ASIC and CySEC.

Still, worrying about the safety of your funds? Nah, we don't think so! With FP Markets, you'll enjoy every bit of a moment as they support a wide range of currency pairs so that you don't need to face any hassle while depositing your capital.

But wait, there's more!

FP also offers several payment methods to ensure maximum client satisfaction.

Credit or Debit cards: Supports up to 9 currency pairs including CAD, EUR, GBP, USD, and more.

International Bank Wire: All currencies are permitted.

Neteller: AUD, CAD, CHF, EUR, GBP, and more!

Skrill: USD, EUR, GBP, AUD, INR, and BRL.

So, which one do you prefer?

Here is a step to step depositing procedure, at a glance.

  1. Log in to the Client Area on the website.
  2. Navigate to ‘Funding’ on the left side of the screen and choose ‘Deposit’.
  3. Review your transaction and submit the amount.

Let’s break it down a little bit!

  • Log in to the Client Area on the Website

First, open a trading account with the specific broker which you prefer will be best suited for you. Remember, you've to provide all your personal details including your area of residence, NID, bank statement, i.e. Also in some special cases, you might have to undergo a financial test to prove your knowledge regarding the financial market.

After the verification part is completed you can log into the client area and start trading the foreign exchange market. If you’re trading with FP Markets then abide by the procedure shown in the images stated below:

Note: Give a few screenshots regarding how to log in to FP’s client area.

  • Navigate to ‘Funding’ on the left side of the screen and choose ‘Deposit’

Now that you're logged in and have access to the client area, you've to choose the deposit option from that page. After that, deposit the amount you want to for starting trading. 

Anyways, a question may arise in your mind about how you'll deposit the amount. And why not? No worries! there are several ways you can deposit in your trading account. For that you can choose:

- Bank transfer (sometimes called wire transfer).

- Credit or debit cards.

- Online wallets like Paypal, Skrill, Neteller, etc.

Note: FP Markets permits all these payment methods that are stated above so that the clients don't face any sort of hassle while depositing money in their trading account. 

 

  • Review your transaction and submit the amount

Often many traders complain that they've deposited an amount in their trading account but it's not visible right away. Well, it happens due to the payment method as a few of them take some time but you don't need to worry about any of it. 

Your brokerage will confirm with you with an email that " You're set to GO." 

Pros Cons
Credit/Debit card deposit  None
No deposit fee  
Several account base currencies  

FP Markets Fees and Commissions

Moving on, another major factor that often troubles the market traders is the withdrawal fees. If you don't know what is withdrawal fees then let me explain them to you. In simplified words, when you withdraw the profit amount which you've gained while working with a specific broker, a small portion of that amount will be deducted by the broker.

Clear enough? And, does FP Markets charge any withdrawal commissions? 

Yes and no!

Usually, FP Markets doesn't charge any money directly from you. However, the fees primarily depend on your payment method which you opt to use for the transactions and stuff.

The commission rates are stated below:

  • International Bank Wire: 10 AUD or equivalent.
  • Neteller: 2% and maximum 30 USD.
  • Skrill: 1% (excluding country fees)
  • Broker to broker: 10 AUD

Is FP Markets a Good Broker?

FP Markets Company awarded a multilingual customer support team is also one of the key factors that helped FP to get its high place in the market.

Besides, they are also regulated by the tightest regulatory bodies out there for ensuring the safety measurements of their clients. And, for your kind information, FP Market is regulated by both ASIC and CySEC regulatory bodies which makes FP one of the most secured Brokerage firms for the market traders. Jack Schwager – Author of Market Wizards once said that" The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless.”

Keeping that in mind FP Markets is implementing an ultimate trading solution that will minimize the struggles of market traders by providing them with the latest and advanced trading account types.

No doubt that FP Markets is specifically known for its top-notch service and ultra-wide range of trading accessibilities. Therefore it is safe to say that they have lived up to the expectation of their clients by providing the possibly best trading accounts available out there. Which Obviously includes:

  1. General Account Type
  2. Iress Account Types
  3. Share Account Types

Now, let's explore for an in-depth overview of the trading accounts and their classifications.

Here are the deets...