FP Markets Online Trading Accounts

Information verified correct on December 3rd, 2016

FP MarketsWith a range of trading platforms and multiple trading options, take charge of your investments with FP Markets.

FP Markets is an Australian-owned company that commenced trading in 2005. A trusted player in the CFD market thanks to its direct market access pricing model, FP Markets has quickly earned a reputation for providing excellent customer service and value for money.

FP Markets allows customers to quickly and easily trade shares, futures, forex and CFDs, by offering you the choice of a range of trading platforms, research tools and fee structures.

A multi-award-winning provider, FP Markets has received awards from Money Magazine, the Australian Financial Review Smart Investor Magazine and a range of other respected industry bodies.

Compare FP Markets trading accounts below

Rates last updated December 3rd, 2016

What can I trade with FP Markets?

Traders can purchase a wide range of investments through FP Markets’ multiple platforms, including:

Direct market access CFDs

Direct market access provides transparency and provides you with complete access to the underlying market. As an FP Market customer, you can trade global market CFDs in forex, futures and equities.

Forex

When you trade Forex, you can take advantage of a Standard account or a Pro Trader account and spreads from 0.0 pips.

Futures

With margins starting at just 1%, you can trade CFD futures 24 hours a day.

Shares

FP Markets’ share trading platforms allow you to trade both shares and CFDs and offer brokerage starting from just $14.95 per trade.

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What are the best things about FP Markets?

Market data

The type of market data available from FP Markets depends on the type of account you choose. An FP Live account provides non-streaming live prices for free, but an IRESSTrader account ($55 per month plus $38.50 per month for market data) provides real-time streaming of market data.

Research

FP Markets’ free research portal offers an extensive range of information to help investors make better trading choices. It offers daily market reports, market snapshots, a dividend calendar, access to a senior analyst’s portfolio and more.

Access

FP Markets allows customers to place trades online, over the phone or via apps designed for Apple and Android smartphones. In terms of support, phone email and live chat customer assistance are all offered.

Order types

In addition to at limit and at market orders, FP Markets also allows you to place fixed and trailing stop loss orders to better manage your investment risk.

Available markets

FP Markets allows you to trade direct market access CFDs in a wide range of global markets across forex, equities and futures. Accessible markets include Singapore, Tokyo, Hong Kong, London and New York.

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Service levels of FP Markets Trading Accounts

FP Markets offers the following service levels to CFD traders:

ProfessionalPlatinumPremier
Minimum opening balance$1,000$25,000$50,000
Brokerage rate$10 min, then 0.1%$9 min, then 0.09%No min, then 0.08%
FinancingRBA +3.25%RBA +2.75%RBA +2.25%
Platform: IRESS Trader & fee$55 inc. GST fee is waived if you generate $150 of commissions a month$55 inc. GST fee is waived if you generate $150 of commissions a monthFee is waived
Platform: IRESS Investor & feeFreeFreeFree
ASX live data standard fee$22 fee waived if you generate more than $50 of commissions a month$22 fee waived if you generate more than $50 of commissions a monthFee is waived
ASX delayed or click to refresh dataFreeFreeFree
Phone tradesNo extra chargeNo extra chargeNo extra charge

What platforms are available with FP Markets?

If you want to open an FP Markets share trading account, you can choose from two platforms: IRESSTrader or FP Live.

While IRESSTrader provides real-time dynamic data and direct market access for a fee, FP Live is a free HTML trading platform that provides non-streaming live prices. IRESSTrader is designed more with experienced traders in mind. It offers the option of trading direct market access CFDs and a wide range of shares. Charting, market alerts, portfolio updates and streaming news are available to all IRESSTrader customers.

For casual traders, FP Live offers all the necessary features to start trading shares. This free htmlIRESS platform provides up to date equity information and lets customers trade CFDs and shares online. It features a simple and straightforward interface and current market information to help traders make informed decisions about the shares they wish to buy or sell.

FP Markets offers free Try 2 Weeks Free for both IRESSTrader and FP Live so you can determine which option better meets your trading needs.

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What support/information is available with FP Markets

If you require help or customer support from FP Markets, phone, email and live chat support is available. With offices based in Sydney and London, 24-hour support is available to ensure that help is on hand whenever you need it.

There’s also a wealth of information available online to help you build your trading knowledge. In addition to trading tips, research and market reports, you can also access a range of ebooks, video tutorials and live webinars to help you make the right trades and get the most out of you FP Markets account.

This extensive range of educational resources is available for free for FP Markets customers.

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What are the fees when using FP Markets

Customers who trade shares through FP Markets can choose from a free FP Live account (non-streaming live prices) or IRESSTrader for $55 a month plus $38.50 for real-time market data.

A minimum brokerage fee of $14.95 applies to all trades, while special features such as telephone trades and conditional orders do not attract any additional charge.

As you can see in the table above, the brokerage fees and ongoing fees charged for CFD traders vary depending on whether you open a Premier, Platinum or Professional account.

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What are the pros and cons for using FP markets?

Pros

  • Low fees. FP Markets offers great value for money by charging comparatively low fees and commissions.
  • 24-hour support. This ensures that help is available whenever you need it, including live chat support.
  • Education resources. FP Markets offers extensive education tools to help you learn the ins and outs of online trading.
  • Casual and experienced investors. FP Markets offers a good spread of platforms and trading choices to suit both experienced and casual investors.

Cons

  • Newer company. Having been established in 2005, FP Markets does not have as long a track record of success as some other trading providers.
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How do I apply with FP Markets?

If you like the features offered by FP Markets and would like to open an account, click ‘apply now’ to be securely redirected to the provider’s website. It’s easy to open an account online, you’ll need to provide your name, contact details and proof of identity.

Once you’ve selected the product and platform you wish to apply for and have completed your application type, it will be processed by FP Markets and they will be in touch shortly to let you know whether your application was successful.

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Help! I have some more questions

Do you need to be an Australian resident to open an account?

Yes, FP Markets will only accept applications from Australian residents and citizens.

Can I try a demo account?

Yes, FP Markets allows you to trial a free demo account to let you try out the features, benefits and trading options it provides to customers.

How much brokerage will I have to pay when I trade shares?

FP Markets allows you to buy and sell shares for as little as $14.95 per trade. However, this fee rises if you place a trade over the phone.

Has FP Markets won any awards?

FP Markets has taken out a range of awards from respected publications and institutions including Investment Trends, AFR Smart Investor, Money Magazine and more.

I want to start trading from the IRESSTrader platform - how much will this cost me?

You’ll need to pay $55 a month to access this platform, although this fee is rebated if you make more than 15 trades a month.

Can I open a joint share trading account with my spouse?

Yes you can. Simply select the joint account option when you begin your application. Other options include individual, company and trust/SMSF accounts.

Where does FP markets hold my account money?

FP Markets deposits the money of all its clients into trust accounts with Australian banks.

Who owns FP Markets?

An Australian business named First Prudential Investment Group Pty Ltd is the majority owner of FP Markets.

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4 Responses to FP Markets Online Trading Accounts

  1. Default Gravatar
    sonya | May 24, 2016

    Your table outlining fees and brokerage states that with an opening deposit of $50,000 (Premier) all live data fees are waived and the Iress Platform is free with no monthly cost.
    Have I understood this correctly?

    Supposing the total account including trades in the market, plus cash reserve, falls below the $50,000 level due to market fluctuation, losses in trades and the like, would the account then have to pay for live data and the platform?

    Would it start paying interest RBA +2.25% which is the financing rate for a Premier account?

    • Staff
      Shirley | May 25, 2016

      Hi Sonya,

      Thanks for your question.

      If your account does fall below the 50k threshold, the system will at the end of month reevaluate the account and the fees might apply for the next month.

      So you will have to top up the account to not incur fees.

  2. Default Gravatar
    Tommy | September 19, 2015

    do u have an office in Melbourne?
    What is Brokerage rate?

    • Staff
      Shirley | September 21, 2015

      Hi there,

      Thanks for your question.

      FP market’s office is located in Sydney.

      The commission rate is at 0.11% at the time of writing with a minimum fee of $14.95.

      Cheers,
      Shirley

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