Overview of FP Markets fees and charges

It's safe to say that FP Markets's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use FP Markets even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of FP Markets's fees

FP Markets Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low ECN account pricing: $3.5 per lot per trade commission and there is also 0.45 pips spread cost
US tech fund fee - Not available
Inactivity fee Low No inactivity fee

FP Markets fees
FP Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare FP Markets fees with its closest competitors, XM and XTB.

FP Markets fees
FP Markets trading fees

FP Markets's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at FP Markets.

Trading fees

FP Markets's trading fees are low.

It is super hard to compare trading fees for CFD brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The typical trade means buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

FP Markets fees benchmarked
FP Markets XM XTB
Apple benchmark fee $32.0 $3.4 $17.9
Vodafone benchmark fee $25.9 $5.6 $20.9
EURUSD benchmark fee $13.9 $17.1 $15.0

Financing rates

FP Markets financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

FP Markets yearly financing rates
FP Markets XM XTB
Apple CFD financing rate 6.1% 6.7% 5.7%
Vodafone CFD financing rate 4.6% 4.3% 4.0%
EURUSD financing rate 3.5% 3.8% 3.5%
EURGBP financing rate 2.2% 2.2% 1.9%

FP Markets fees
FP Markets non-trading fees

When it comes to looking at all the non-trading fees FP Markets is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at FP Markets that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how FP Markets stacks up in non-trading fees
FP Markets XM XTB
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

FP Markets fees
FP Markets deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and FP Markets is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods FP Markets offers.

FP Markets deposit methods
FP Markets XM XTB
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

FP Markets fees
FP Markets withdrawal fee

Unlike the majority of the online brokers we have reviewed FP Markets does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

FP Markets withdrawal fees and options compared
FP Markets XM XTB
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $0

FP Markets fees
FP Markets inactivity fee

FP Markets does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology


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