Forex Traders often wish to trade with brokers that offer suitable trading conditions, affordable minimum deposits, and easy-to-use trading platforms. Sometimes they even trade with loosely regulated forex brokers for lower minimum deposits and higher leverage. FP Markets is one of the highly regulated forex brokers that offer online trading services to traders worldwide. It is regulated by ASIC, CySEC, SVG, FSA, FSCA, etc.
If you are considering using FP Markets as your broker, you may be wondering about the minimum deposit requirements and deposit conditions of FP Markets. In this guide, we will provide you with a comprehensive overview of FP Markets’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading journey
What is the minimum deposit for FP Markets?
The minimum deposit of FP Markets is $100 AUD or equivalent.
FP Markets Overview
- Founded In: 2005
- Founder: Matthew Murphy
- Headquarters: Sydney, Australia
- Minimum Deposit: 100 AUD or equivalent.
- Maximum Leverage: 500:1
- Regulations: ASIC, CySEC, FSCA, FSA
- Trading platform: MT4, MT5 and Ctrader
- Account Types: Islamic, Account Funding, Fund withdraw
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
- US Clients: Not Accepted
How to Fund Your FP Markets Account: A step by Step Guide
Step 1: Log in to Your FP Markets Account
To fund your FP Markets account, you’ll first need to create your FP Markets account or log in to your existing account. Open your preferred web browser and go to the official FP Markets website. Then visit the login section. You will find it in Manubar. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.
Step 2: Go to the Deposit Section
Once logged in, go to the deposit section within your FP Markets account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Click on this section to proceed to the next step.
Step 3: Choose Deposit Methods
In the deposit section, you’ll find available deposit methods for funding your FP Markets account. These methods may include direct Bitcoin deposit, Bitcoin via Instacoin, wire transfer via Instacoin. FP Markets currently does not offer any other deposit methods other than Bitcoin.
Step 4: Enter Payment Details
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Depending on the chosen method, this could involve entering your Bitcoin wallet address for direct Bitcoin deposits, following instructions provided by Instacoin for Bitcoin transactions, or providing bank details for wire transfers via Instacoin. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process.
Step 5: Complete Process
After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your FP Markets trading account which allows you to start trading on the platform.
How to Withdraw Funds from FP Markets
To withdraw funds from FP Markets, follow these steps:
- Log in to your FP Markets account.
- Go to the “Withdraw Funds” or “Withdrawal” section.
- Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
- Enter the amount you wish to withdraw.
- Follow any additional on-screen instructions for your chosen withdrawal method.
- Confirm the withdrawal request.
- Wait for the withdrawal to be processed by FP Markets.
Frequently Asked Questions (FAQs)
What is FP Markets?
FP Markets was established in 2005 in Australia but has become a global brand with multiple regulations across the world. Traders have access to trade more than 10,000 forex and CFDs on its 4 platforms; MT4, MT5, IRESS, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, etc.
What is the Maximum Deposit of FP Markets?
FP Markets does not have a maximum deposit limit. You may deposit as much as you want. However, your deposit methods might have transaction limits. For example, Paypal, Neteller, and Skrill have a max deposit limit of 50,000 of your base currency (USD, GBP, EUR)
What currency can I deposit into FP Markets?
FP Markets accepts multiple base currencies, including GBP, EUR, USD, , and JPY. If your country’s base currency is not listed, you can convert and deposit funds in your preferred currency.
What is the maximum leverage of FP Markets?
The Maximum Leverage of FP Markets is 500:1. It means that you can trade up to 500 times the equivalent amount of base currency you have in your account.
How much does it cost to deposit in FP Markets?
FP Markets does not charge any fees for deposits made via any method. However, your card issuer or payment provider may or may not impose a small fee. If you convert your currency and make a deposit, conversion charges might be applicable
What is the Minimum trade size of FP Markets?
The Minimum trade size of FP Markets is 0.01. It is worth mentioning that a lot is a standard contract size in the currency market. It equals 100,000 units of a base currency, so 0.01 lots account for 1000 units of the base currency
What is the Maximum Trade size of FP Markets?
The Maximum lot size of FP Markets is 50 lots. It means that traders using FP Markets’s platform can trade up to 50 lots of currency pairs in a single transaction.
How long does it take to deposit on FP Markets?
FP Markets deposits are usually instant. The broker accepts multiple deposit methods. However, the deposit turnaround time (TAT) may vary depending on the chosen payment methods.
- Visa debit/credit card: Immediate
- Mastercard debit/credit card: Immediate
- PayPal: Immediate
- Domestic bank transfer: Same day
- International Bank Transfer: 1-5 working days
FP Markets does not accept payments from third parties. The payment account holder must match the account holder’s name. For joint accounts, the FP Markets account must be opened in the name of any one of the joint account holders.
How much should I deposit in my FP Markets account?
You may deposit any amount you want. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading.
What trading platform does FP Markets use?
FP Markets uses MT4, MT5, cTrader, WebTrader, and IRESS trading platforms.
Final Verdict :
The minimum deposit at FP Markets is $100 AUD or equivalent. This amount is high for traders, especially for beginners. Many beginners may be discouraged from trading with the broker due to this high minimum deposit. However, if you consider the broker’s regulations, reputation, and services, this minimum deposit might be worth it. If you are still looking to trade with a broker that has a lower minimum deposit, you may consider FP Markets, XM, Exness, etc
