FP Markets minimum deposit: How to deposit money? – A quick tutorial
Table of Contents
FP Markets or First Prudential Markets is a forex and CFD broker that has existed in the industry for a long time now. You have access to over 10,000 CFD products and tight spreads, which start from 0.0 pips.
This brokerage platform has raw pricing aspects that stream directly to top-tier and liquidity providers. The clients can also seek benefit from the large liquidity pool of all regulated and financial institutions.
You will be getting a diverse mix of competitive pricing at the FP markets. Apart from these features, you also get to use the efficacy of MT4 and MT5 platforms. Moreover, it also uses the Iress, for which the platform is offering three accounts, along with a Web Trader version.
You have a dedicated mobile application as well for iPhone and Android users. With this platform, you will have an advanced portal to track the trading solutions in real-time.
Many more trader-tested features allow you to make powerful and profitable trades. FP Markets also intend to offer various VPS solutions for auto-traders, scalpers, and EAs.
The system of this platform is entirely designed for you to use whatsoever trading strategy you intend to implement. There is more to FP Markets beyond just knowing its minimum deposit amount information.
FP Markets is operating under the regulation of different financial bodies. The top regulatory bodies for FP Markets are Cyprus, Australian Securities and Investments Commission, and Financial Services Authority.
These regulatory bodies ensure that traders’ funds are secure over the platform. The best thing about FP markets is their reliability even with all the features! Several highly-rated platforms are destined to offer you a glitch-free, low-latency, and smooth trade experience.
The Meta Trader suite of FP Markets is what people liked the most. The MT4 platform is considered as most ubiquitous amongst others. MT5 is available at FP with the WebTrader.
The MT4 suite consists of MarketWatch, a customizable interface, one-click trading, live price streaming, customizable alerts, EAs, and others. MT5 has these MT4 features and some additional perks that make it a superior trading suite.
But even with all of these features, most new traders do have a sole question upon how much they have to deposit to commence their trading journey over FP Markets. This guide intends to give you information on FP Market’s minimum deposit!
But before that, a broker review post must give a basic idea about the platform to the complete beginners in the trading profession. So, follow on till the end for the answer you are looking for!
User recommendation for FP Markets
FP Markets might seem a bit complex to the complete beginners! But when they get used to this platform with little experience on theoretical terms, they will eventually cope with its use.
The traders who have a little practical experience will definitely find this brokerage platform efficient and will evidently become an excellent choice. A wide range of account types and platforms are available within FP Markets for the intermediate and professional traders to pick varieties.
Moreover, beginners can also explore the educational resources and all of the other trader-centric tools for mastering the skillset of trading financial assets with the platform.
Hence, you can conclude that FP Markets is an ideal pick for traders of all levels, irrespective of their experience. A little knowledge upon trading is not at all harmful!
So, it would be best if you read a couple of articles on binary options trading and other associated topics to have a better hold on the educational resources of FP Markets.
Features that make FP Markets stand out in the crowd
There are numerous broker platforms out there that claim to offer proactive features to support the traders in their successful pursuits. Similarly, FP Markets has also stood out with some add-on exclusives to help traders make better decisions while picking brokers. The features include:
#1 No restrictions
Apart from the minor restrictions on trading strategies over First Prudential, you do not have much of it on any other trading aspects. Hedging and Scalping are permissible with all of the other trading strategies that you know or are mastering for now.
The conditions that are specified for Scalping and EAs are basic and ideal! There is no minimum distance restriction between the spreads! Hence, you can enjoy a good hold on your trading practices over FP Markets.
#2 Raw spreads starting from 0.0 pips
The First Prudential markets offer some of the tightest industry spreads. With this broker, you have the scope of trading from 0.0 pips on the major currency pairs. The forex traders will have to pay a commission of $6 per lot per round turn.
The trading shares you choose will be paying you 0.1% or a minimum of $10. Hence, this is again a crucial feature that can boost the ideologies of your trading over FP Markets.
#3 Award-winning execution
The FP Markets make use of the Equinix NY4 facility server cluster. Hence, it offers low-latency execution! It means that the server can process a high volume of trades with a minimal possible delay.
#4 No scope of manipulation
Over the platform of FP Markets, there is no scope for price manipulation. There is no possibility of any kind of requotes and has no dealing desk. Hence, you have complete access to the institutional-grade of liquidity without any kind of manipulation.
#5 Brilliant customer support
FP Markets has a dedicated team for attending to customer requests and queries. The support services are multi-lingual and highly responsive. As a result, the customer support service solutions are remarkable.
#6 Demo account
You are also getting a demo account with FP Markets for beginners and professionals to get used to the interface. The beginners will need it for more than just exploring the platform. They can use it to learn and develop trading skills over the platform before investing their real funds in a live trading account.
What is the minimum deposit for trading over FP Markets?
So finally, it is time to cover the section that directed your attention towards this post. To get straight to the point, the FP Markets minimum deposit for opening the real trading account is $100.
But this minimum deposit amount can change for the 1st-time traders and might also vary depending upon the type of trading account they select. The activation of the deposit can be for around 72 hours.
If you are opening a FP Markets account with a different currency than US Dollars, you will need to pay the equivalent amount as $100. It is accountable as a standard minimum amount for a deposit compared to most other brokers within the industry. Hence, this ideology offers a low barrier entry aspect to most new or beginner traders.
The general definition of FP Markets minimum deposit is that you will have to transfer a specific amount of funds before starting trading over the platform. It will be your initial funding or deposit to use the live trading feature of FP Markets.
Beyond just the FP Markets minimum deposit, there are a few other things that you should learn about it before putting your money on the platform. FP Markets charge no deposit fee!
Hence, it means that you don’t have to worry about getting a lower balance in your trading account irrespective of the payment methods you choose. If you deposit $100, the same will reflect in your trading account. You will know more about the available deposit methods in the next section!
Available deposit methods
The platform that doesn’t offer you flexible deposit methods should not be your consideration at any cost. But this won’t be the case for you with FP Markets! It is because you have a plethora of deposit methods embedded onto the platform without any fees. The diverse deposit methods include:
- Credit and Debit Cards
- Bank Transfer
- BPay
- PayPal
- Poli
- Neteller
- PayTrust
- Skrill
- Ngan Luong
- Online Pay
- FasaPay
- Broker to Broker
The point of concern in this section is that FP Markets do not charge any fee for the deposits, but it doesn’t assure you of the handling charges imposed by the payment providers.
This aspect is beyond the control of brokers! If you are unhappy with the conditional charges, you can directly talk to the respective payment provider.
Most payment providers do not charge anything on deposits to diverse trading platforms. You can still consult with the dedicated customer support solutions to better understand the handling charges.
The traders who are using the MetaTrader platforms get their deposits reflected in the trading account instantly. But the other hand, the bank transfers, broker-to-broker, and BPay can take up to 1 business day for reflecting in your trading account.
But the broker does have some charges on withdrawal fees on specific payment methods, which are as follows:
- $10 for the international bank wire transfers.
- $18 for the Online Pay mode.
- 1000 VND and 1% for the Ngan Luong
- $25 for the international broker-to-broker transfers.
- Neteller charges 2%
- Skrill charges 1%
- FasaPay charges 0.5%
- PayTrust charges 1.5%
- PayPal charges 2%
FP Markets offers different funding currencies for the trading accounts. The currencies include USD, AUD, GBP, EUR, NZD, SGD, JPY, CAD, and CHF.
The smaller currencies, such as ZAR/Rand, are not accepted by the platform. The traders who are depositing the smaller currencies might have to pay a minimal conversion fee for the same.
How to deposit funds to FP Markets? – Tutorial
When you have decided to start your trading journey with FP Markets, you have to set up the account and make your initial deposits. But if you are a beginner, it is better to use the demo account and practice the skills to master your trading accuracy.
Irrespective of whether you are a beginner or an experienced trader, you need to make the initial deposit when you feel you are ready to trade. The steps for the same are as follows:
- First, you need to log in to the Client Area. The client area will have all of the functionality access for you.
- Navigate to the left side of the screen and look for the ‘Funding’ tab. Click on it, and then you will be redirected to the deposit page,
- Now, you need to choose ‘Deposit’ from the option and type out the amount you want to deposit to the FP Markets account. Choose the currency in which you are making the deposit. There are various options available for you to choose from! There would be a small conversion fee for the smaller currencies!
- Select the trading account you want to credit with the FP Markets minimum deposit or more, and then go to ‘Submit.’
- You will then be redirected to the payment page, where you get to select the deposit method as per your preference.
- Enter the credentials and passcode to process the payment, and the job is done!
Now, you have the funds in your trading account, and all you need to do now is, pick a financial asset, study the graph and place the trade. The trading aspect completely depends upon your expertise in the field.
Start low and gradually increase your bets to ensure that you make more profits and fewer losses. Trading is a high-risk market potential, which demands you to enter with caution.
Conclusion
This is a complete elaboration on the basics associated with FP Market’s minimum deposit. Apart from that, as promised, this article has also tried to educate the complete beginners about this platform’s general features and efficacies. For 17 years, FP Markets has experienced steady growth that offers retail investors about CFDs and Forex trading.
FP Markets is accountable as a global broker and has its head office in Australia. When you are interested in trading financial markets, you need to find the best brokers that meet your specific needs. With this review, you got the depth of this platform and can now finally assess how the platform functions for beginners, intermediates, and professionals.
Hence, this ideology is what you need to decide if this is the perfect trading platform for you or not. The FP Markets minimum deposit is also a prime consideration for most traders!
And $100 is a very minimal amount that is competitive to most existing and popular brokers of this time. Beyond the charges, there is more than you can expect to explore with FP Markets.
Try the application or web trading platform for yourself to explore its features and determine its maximum potential. As per the reviews and features are concerned, this platform is one of the most reliable options available in the market.
FAQ – The most asked questions about FP Markets minimum deposit :
How much is the FP Markets minimum deposit?
The FP Markets minimum deposit amount is $100 or equivalent for other currencies. You just need to keep in mind that this amount is the initial deposit for permitting you to start trading over the account.
You don’t have to necessarily trade with all of $100 right for your first trade! Check the asset description upon their minimum trading amounts, and start low.
There are no such fees for FP Markets minimum deposit, irrespective of your methods. But remember, when you withdraw the funds, there are some fees on specific withdrawal methods. So, look for the options that will minimize your withdrawal charges.
Can I trade crypto with FP Markets?
Yes, you have the feature for trading cryptocurrencies over FP Markets. The trading fees are low for the platform, and you have all of the trending cryptocurrencies on the list for you to invest in.
How long does it take to withdraw from the FP Markets?
Despite the withdrawal method you choose for retrieving your funds, it will take around one to five business days for the amount to reflect in your linked account
What is the significance of the Iress trading platform?
The Iress platform might not have the popularity of MetaTrader Suite, but it is still an ideal choice. It has over 50,000 users across the globe. Iress is a comprehensive platform that offers unique features such as improved browser alerts, intuitive interface, real-time price streaming, and the ability to manage multiple portfolios.
For people who are willing to get the platform beyond MT4 or MT5, Iress can be an ideal pick. FP Markets has longevity within the industry and a long track record of good rapport with the traders.
As per the reviews over the internet, this brokerage platform has generally been positive most of the time. Apart from Iress, the other platforms are also available to allow you to make profitable and successful trades.
What is the FP Markets minimum deposit amount that a trader must pay?
To start trading on FP Markets, traders must fund the trading accounts with the FP Markets minimum deposit. The minimum deposit amount on this trading platform varies according to the account type that a trader chooses. Usually, traders can start trading on FP Markets by funding their trading account with an amount equivalent to 100 AUD. This minimum deposit amount is for the most basic account type on FP Markets.
What payment methods are at a trader’s disposal for making FP Market’s minimum deposit?
Traders hoping to use FP Markets can access a lot of payment methods. You can enjoy trading instantly as several FP Markets minimum deposit methods are at your disposal. The traders can use their debit and credit cards, electronic wallets, cryptocurrency, and bank transfers to deposit or withdraw funds from their FP Markets trading account.
What are the benefits of multiple FP Markets minimum deposit methods for a trader?
There are several benefits of FP Markets minimum deposit methods for traders. A trader can avoid missing out on trades when several methods are available. If one payment method does not work, a trader can always have the option of using another.
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Last Updated on January 27, 2023 by Arkady Müller
