Is FP Markets free?

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FP Markets fees
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 that other brokers do, or they only charge a small amount.

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 per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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67.02% of retail CFD accounts lose money

FP Markets fees
FP Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare FP Markets fees with its closest competitors, FXTM and Markets.com.

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67.02% of retail CFD accounts lose money

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. several times a week).

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

Trading fees

FP Markets's trading fees are low.

Stock fees and ETF fees

FP Markets has stock trading fees.

Stock fees of a $2,000 trade
FP Markets FXTM Markets.com
US stock - - $15.0
UK stock - - $11.2
German stock - - $12.0

Forex fees

FP Markets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
FP Markets FXTM Markets.com
EURUSD benchmark fee $5.7 $8.3 $11.5
EURGBP benchmark fee $6.6 $9.8 $13.9

CFD fees

FP Markets has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
FP Markets FXTM Markets.com
Apple CFD $15.2 $16.2 $5.4
Vodafone CFD $14.3 - $15.4
Germany $11.9 - $4.6

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67.02% of retail CFD accounts lose money

FP Markets fees
FP Markets non-trading fees

When it comes to non-trading fees, FP Markets is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at FP Markets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how FP Markets stacks up in terms of non-trading fees
FP Markets FXTM Markets.com
Withdrawal fee $0 $3 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes Yes
Account fee No No No

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67.02% of retail CFD accounts lose money

FP Markets fees
FP Markets deposit fee

Usually, brokers don't charge anything for deposits, and FP Markets is no different.

FP Markets deposit methods
FP Markets FXTM Markets.com
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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67.02% of retail CFD accounts lose money

FP Markets fees
FP Markets withdrawal fee

FP Markets generally doesn't charge a withdrawal fee.

FP Markets withdrawal fees and options compared
FP Markets FXTM Markets.com
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $0 $3 $0

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67.02% of retail CFD accounts lose money

FP Markets fees
FP Markets inactivity fee

FP Markets does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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67.02% of retail CFD accounts lose money

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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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