Best Online Forex Brokers 2024

What are the fees associated with FP Markets?

FP Markets charges various fees, including spreads, commissions, and overnight fees. Here is a breakdown of the fees associated with FP Markets:

Spreads: The spreads at FP Markets are variable and depend on the account type and the trading instrument. The raw account offers spreads as low as 0.0 pips, while the standard account spreads start from 1.0 pips.

Commissions: FP Markets charges commissions on some of its trading instruments, including shares, indices, and commodities. The commission rates vary based on the account type and the trading instrument.

Overnight Financing Fees: FP Markets charges overnight financing fees (also known as swap fees) on positions that are held overnight. These fees can be either positive or negative, depending on the currency pair and the direction of the position.

Inactivity Fees: If an account is inactive for a period of 6 months or more, FP Markets may charge an inactivity fee of AUD 50 or the equivalent in the account currency.

Deposit and Withdrawal Fees: FP Markets does not charge any deposit fees, but some withdrawal methods may incur fees. For example, bank wire withdrawals under AUD 1000 may incur a AUD 20 fee.

It is important to note that the fees charged by FP Markets can vary based on the account type, trading instrument, and market conditions. Traders should carefully review the fee schedule and understand the potential costs before opening an account with FP Markets.

No comments:

Post a Comment