Opening an account in FP Markets is very easy and fully online. Read the guide below to see the full details.

Online trading platforms have not only given customers easy and fast access to the market but also allowed them to open trades from their own computers. This was then followed by the development of advanced features like charting and technical analysis tools, as well as web-based platforms and mobile trading apps that allow traders to trade on the go. As a result, the forex market remains as the largest financial market to this day with millions of active traders worldwide.

If you are planning to start trading, the first thing you need is a trading account. Such service is usually provided by a forex broker or exchange. Thankfully, now there are loads of top brokers with great offers suitable for practically any type of trader. You just need to pick the one that suits your style and is able to help you reach your goals. This time around, we'll introduce you to FP Markets. We'll cover everything you need to know about opening an account with the broker, starting from the documents you need to the actual step-by-step guide.

Open account in FP Markets

 

Introduction to FP Markets

Founded in 2005, FP Markets is a well-known broker that offers its clients high-quality service and attractive trading conditions. This is evidenced not only by customer reviews and ratings but also by licenses obtained from trusted authorities as well as a good number of awards.

Furthermore, FP Markets offers an impressive list of more than 10,000 trading instruments, including forex pairs, shares, commodities, stocks, metals, equities, indices, and digital currencies. With only 100 AUD or equivalent, traders can start trading on trusted platforms like MT4 and MT5.

FP Markets also provides super-fast trading execution, competitive spreads, and excellent customer support. In order to help you improve your trading, the broker offers a wide ion of analytical tools as well as educational materials.

🌐 Website
www.fpmarkets.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$100
Year Established
2005

Free education
Personal manager
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Hedging
Negative balance protection
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
Skrill
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.

 

KYC Procedure Requirements

As a fully regulated broker, it is only natural for FP Markets to comply with International Anti-Money Laundering (AML) regulations. This means it is mandatory for all clients to follow the Know Your Customer (KYC) procedures when opening a new trading account.

During the verification process, you will be asked to provide a colored copy of several documents. Please note that each file size must not exceed 10 MB and the accepted formats are JPEG, JPG, and PDF. At FP Markets, there are two types of documents that you'll need to provide, namely:

 

1. Proof of Identity

This document is needed to confirm your identity. The document must contain your full name, photograph, valid expiry date, and your signature. You can choose to provide one of the following options:

  • Valid Travel Passport
  • National ID Card
  • Driving License

 

2. Proof of Address

This document is needed to confirm your residency. The document must be dated within the last 6 months and it must state your name and full registered address. Note that PO Box addresses are generally not accepted, but there might be an exception in several countries. Here are the document types that you can choose:

  • Recent Utility Bill (electricity, gas, water, waste disposal, or internet)
  • Recent Bank Statement

If you are unable to provide any of the above, you may instead submit other official documents that state your name and residential address. However, please note that you can't use the same document as both Proof of Identity and Proof of Residence, so you need at least two different documents to verify your application. If you have problems when uploading your documents on the Client Portal, you can send the documents via email to [email protected].

Later on, you can update your personal information by sending a request via email using your registered email address. In this case, you'll also need to provide some supporting documents such as marriage certificate for a name change or an updated proof of address for a residential address change.

 

How to Open a New Account in FP Markets

1. To register a new trading account, head over to FP Markets' official website and click "Open Live" in the top right corner or "Start Trading" in the middle of the screen.

Step 1

 

2. Enter your personal information such as your email address, first name, last name, account type, country of residence, gender, phone number, and referral code (optional). You also have the option to sign up using your Google or Facebook account. To proceed to the next step, click "Save and Next".

Step 2

 

3. Enter additional details about yourself such as your date of birth and full address. Then, enter your financial situation which includes your employment status, occupation, annual income, and source of funds. Click "Save and Next" to go to next step.

Step 3

Step 3.1

 

4. Configure your account details. It consists of your preferred trading platform in FP Markets, account type, trading currency, and leverage. Then create a strong password and confirm it. The password must be at least 7 characters long and contain 1 upper case, 1 lower case, 1 symbol, and 1 number. The symbols accepted are #$@!%&. Once you're done, click "Save and Next".

Step 4

 

5. Choose your experience in trading. Then, read the terms and conditions by clicking the provided link. Once you're done, tick the agreement box and click "Accept and Open Account".

Step 5

 

6. Congratulations, the registration process is completed. You can now log in to FP Markets' Client Portal using your registered email address and password.

Step 6

 

7. In order to log in to your MT4/MT5 account, simply download the platform on your computer, then check your email inbox to find your account credentials.

Step 7

 

How to Verify Your Account

In order to get full access to the broker's service, your account must be verified. Here's a complete guide to verify your account:

1. Visit the broker's website and log in to your Client Portal using your registered email address and password.

Verification Step 1

 

2. Go to Profile on the left side menu and click "Document Upload".

Verification Step 2

 

3. Provide a clear and colored copy of the documents for Proof of Identity and Proof of Address. You can either scan the document or take photos with your mobile phone.

 

4. Select the document category, then click "Browse" to find your files and submit them. Make sure that the documents are valid and meet all the requirements.

Verification Step 3

 

5. Wait for the broker to verify the documents. The verification process can take up to 1 business day, but FP Markets typically aims to finish the process within the hour.

Verification Step 5

6. Once the verification is done, you'll get an email about the status of your account. If there was an issue with your document, you may be requested to provide additional documents for further verification.

 

Conclusion

With over 15 years of experience, it is quite unsurprising that FP Markets continues to capture the attention of clients from all around the world with their impressive offers and trading conditions. If you are interested to sign up, you simply need to visit the website and complete the registration process as explained in this guide. As you can see, the process is very simple and fully online, so you can do it anywhere using your computer or mobile phone. On top of that, don't forget to verify your account in order to access the broker's full service.

 


FP Markets is a trusted global broker offering more than 10,000 CFD products across forex, shares, indices, commodities, and cryptocurrencies. This broker supports low commissions and tight raw spreads from 0.0 pips that are made possible by their partnership with leading banking and non-banking financial institutions.