FP Markets Minimum Deposit Explained: Requirements, Fees & Payment Methods

FP Markets' minimum deposit is $100 (or the AUD equivalent) for its Standard and Raw accounts, covering both of its main MetaTrader and cTrader offerings. The IRESS account, built for direct share trading, sits in a different category entirely, requiring a considerably higher $1,000 AUD to get started.

Want to know more about FP Markets before committing your money? TopAsiaFX put together a solid FP Markets review that covers the regulation and fees in more depth.

Does FP Markets Charge You to Deposit?

No, not on FP Markets' end. Deposits are free across its supported payment methods. That said, your card issuer or bank might apply its own charge, credit card transactions in particular can carry a fee of around 1 to 3% from the provider, and currency conversion fees can apply if your deposit currency doesn't match your account's base currency.

How Long Does Funding Take?

It depends on the method. Cards and e-wallets like Skrill and Neteller are usually instant or close to it for MetaTrader and cTrader accounts. Bank wire transfers take longer, generally reported anywhere from 1 to 5 business days depending on your bank and location.

IRESS account deposits work a little differently too, typically needing around one business day to process regardless of method, since it's handled separately from the MetaTrader side.

What Currencies Can You Use?

FP Markets supports around 10 to 11 account-based currencies, including AUD, USD, EUR, GBP, SGD, HKD, NZD, CHF, CAD, and JPY. One notable gap: ZAR isn't supported as either a deposit or account base currency, despite FP Markets having a South African regulated entity, so South African traders will need to deposit and hold funds in one of the other supported currencies instead.

Depositing in an unsupported currency means a conversion happens automatically, usually with a markup, so matching your deposit currency to your account currency avoids that extra cost where possible.

A Perk on Larger Bank Wire Deposits

If you're funding via international bank wire and depositing more than $10,000, FP Markets will reimburse bank transfer fees up to $50. It's a detail worth knowing if you're planning a larger deposit through that method specifically, since it can offset some of the cost that usually comes with international wires.

Withdrawals Follow the Deposit Method First

Like most regulated brokers, FP Markets requires withdrawals to go back through the same method used to deposit, and the payment account name has to match your FP Markets account holder's name.

Third-party payments aren't accepted at all. FP Markets doesn't publish a single fixed minimum withdrawal amount across the board, in practice, the minimum tends to be set by the payment provider rather than FP Markets itself, so it's worth checking what applies to your specific method during the withdrawal process.

How Fast Are Withdrawals?

FP Markets typically reviews and approves withdrawal requests within one business day. After that, e-wallets tend to be the fastest, often completing the same day, while card withdrawals can take a few business days depending on your card issuer, and international bank wires can stretch to 2 to 5 business days.

No Inactivity Fee, But Check Third-Party Costs

FP Markets doesn't charge an inactivity fee if your account sits unused for a while, which is a point in its favor compared to some competitors.

That said, third-party costs can still show up elsewhere, certain payment providers like Paysafe or Skrill apply their own withdrawal fees (around 1%, sometimes capped), so it's worth checking your specific method's terms rather than assuming every option is entirely free.

How Much Should You Actually Deposit?

Meeting the $100 minimum gets your Standard or Raw account open, but with leverage and normal market movement, a bare-minimum balance leaves little room to manage risk properly, especially since FP Markets' maximum lot size goes up to 50 lots per trade.

If your budget allows it, depositing more than the minimum gives you meaningfully more flexibility for sensible position sizing.

A Few Tips Before You Deposit

• Match your deposit currency to your account's base currency wherever possible, particularly if you're depositing in ZAR or another unsupported currency, since the conversion fee is avoidable with the right setup.
• If you're planning a large international wire deposit, check whether it qualifies for FP Markets' fee reimbursement on transfers over $10,000, since that can meaningfully offset wire transfer costs.
• Use a card or e-wallet if you want to start trading quickly. Bank wires are reliable but slower, and not ideal if you're eager to fund your account and begin right away.
• Plan your withdrawal method around your deposit method from the start, since funds need to return through the same channel, and third-party payments aren't accepted under any circumstances.
• Don't stretch a $100 deposit further than it can reasonably support. If you can manage it, funding above the bare minimum gives you more room to size positions sensibly rather than immediately running into margin pressure.