FP Markets trading accounts: Standard, Raw ECN, Pro, and more reviewed
When choosing a forex and CFD broker, one of the most critical decisions is selecting the right trading account. FP Markets, a globally recognized broker with over 17 years of experience, offers a variety of account types tailored to different trading strategies, experience levels, and risk appetites.
Whether you’re a beginner looking for simplicity, a scalper chasing tight spreads, or a professional trader needing high leverage, FP Markets has an account designed for you. Let’s break down each option to help you decide which one fits your trading style.
FP Markets Standard Account – commission-free trading for beginners
Platforms: MT4, MT5, cTrader
Spreads: From 1.0 pips
Commission: Zero (excluding MT5 equities)
Minimum deposit: $50 / €50 / £50
Maximum leverage: 30:1 (Retail)
The Standard Account is ideal for new traders who prefer straightforward pricing. With no commissions and spreads starting from 1.0 pips, this account allows traders to focus on strategy without worrying about additional fees.
Best for: Beginners, casual traders, and those who prefer simple cost structures.
FP Markets Raw ECN Account – ultra-tight spreads for active traders
Platforms: MT4, MT5, cTrader
Spreads: From 0.0 pips
Commission: $3 per lot (each way)
Minimum deposit: $50 / €50 / £50
Maximum leverage: 30:1 (Retail)
The Raw ECN Account is built for scalpers, day traders, and algorithmic traders who need the tightest spreads. With raw pricing starting from 0.0 pips and a $3 commission per lot, this account provides direct market access (DMA) and STP/ECN execution, ensuring minimal slippage and fast order fills.
Best for: High-frequency traders, scalpers, and those using expert advisors (EAs).
FP Markets Pro Account – high leverage for experienced traders
Platforms: MT4, MT5, cTrader
Maximum leverage: Up to 1:500 (varies by instrument)
Eligibility: Must meet 2 of 3 criteria:
- Trading experience: 10+ trades per quarter (1 lot size) over the last year
- Portfolio size: €500,000+ in financial instruments
- Financial industry experience: 1+ year in a relevant role
The FP Markets Pro Account is designed for professional traders who qualify under regulatory criteria. It offers significantly higher leverage compared to retail accounts:
| Instrument | Max Leverage |
|---|---|
| Major Forex | 1:500 |
| Minor Forex (Non-TRY) | 1:500 |
| Gold & Silver | 1:500 |
| Indices (excl. DAX) | 1:200 |
| Crypto | 1:2 |
| Shares (MT5 only) | 1:20 |
Leverage decreases based on account balance:
- 1:500 – Up to €20,000
- 1:400 – Up to €50,000
- 1:300 – Up to €100,000
- 1:200 – Up to €200,000
Best for: Experienced traders, hedge funds, and professionals who need higher leverage.
FP Markets Islamic Account – swap-free trading
Available on: Standard and Raw ECN Accounts
Features:
- No overnight swap fees (Sharia-compliant)
- Same tight spreads and execution
FP Markets offers Islamic accounts for traders who require Sharia-compliant trading conditions. These accounts are swap-free but maintain the same tight spreads and fast execution as standard accounts.
Best for: Muslim traders and those who prefer no rollover interest.
FP Markets Demo Account – risk-free trading practice
Features:
- Unlimited virtual funds
- Real market conditions
- All platforms available
Before committing real money, traders can test strategies on FP Markets’ free demo account. It’s an excellent way to practice trading, test EAs, or get familiar with the platforms without risk.
Which FP Markets account is best for you?
- New to trading? → Standard Account (simple, no commissions)
- Scalping or day trading? → Raw ECN Account (0.0 pips + low commission)
- Need high leverage? → Pro Account (up to 1:500, if eligible)
- Swap-free needed? → Islamic Account
- Want to practice first? → Demo Account
FP Markets – review summary
Key features:
- Multiple account types (Standard, Raw ECN, Pro, cTrader, Islamic)
- Tight spreads (from 0.0 pips on Raw ECN)
- Low commissions ($3/lot on ECN accounts)
- High leverage (Up to 1:500 for Pro clients)
- MT4, MT5, cTrader, and TradingView support
- Deep liquidity and fast execution
Pros:
✅ True ECN/STP execution (No dealing desk)
✅ Low trading costs (Competitive spreads and commissions)
✅ Pro account for high leverage (1:500 on Forex)
✅ Strong regulation (ASIC, CySEC, FSA)
✅ Excellent platform choice (MT4, MT5, cTrader, TradingView)
Final verdict: FP Markets is a top-tier broker for serious traders, offering institutional-grade execution, tight spreads, and a wide range of account types. It’s ideal for scalpers, day traders, and professionals, though beginners may prefer the Standard account.
Related articles:
FP Markets accounts - FAQ