Open FPMarkets' Cryptocurrency Account. Table of Contents

What is FPMarkets?

FP Markets is a global broker specializing in CFDs and Forex trading, established in 2005.

The company’s vision focuses on offering a superior trading destination by enabling traders to access a comprehensive range of products in global markets from a single account.

Key features that attract traders to FP Markets include the ability to trade across Forex, Shares, Indices, Commodities, and Cryptocurrencies.

FP Markets distinguishes itself with its deep understanding of traders’ needs, emphasizing competitive pricing, swift execution speeds, advanced trading platforms, a wide range of products, exceptional customer support, and insightful market analysis.

Company Highlights:

Diverse Product Offering:
FP Markets offers trading in Forex, Share CFDs, Indices, Commodities, Metals, ETFs, Bonds, and Digital Currencies.
Competitive Pricing:
Traders can benefit from tight Raw Spreads starting from 0.0 pips.
High Leverage:
Offers leverage up to 500:1.
Regulation and Safety:
It is a multi-regulated brand, ensuring high levels of security and regulatory compliance.
Global Market Access:
Provides access to over 10,000 products in global markets.
Advanced Trading Platforms:
Supports MT4, MT5, Webtrader, cTrader, and TradingView platforms.
Rapid Execution:
Utilizes Equinix servers for fast trade execution.
Low Entry Barrier:
A minimum deposit of only $100 is required to start trading.
Customer Support:
Offers 24/7 multilingual customer support and has won multiple awards for its service.

Go to FP Markets Official Website

Regulatory and Safety Measures

FP Markets is regulated by several authorities, including ASIC in Australia, CySEC in Europe, FSCA in South Africa, and the FSA in Seychelles.

This regulatory framework underscores its commitment to offering secure and compliant trading services.

The segregation of client funds from the company’s capital, adherence to strict capital requirements, and regular external audits ensure a trustworthy trading environment.

Trade with a regulated broker

Trading Platforms and Technologies

The broker provides access to popular trading platforms like MetaTrader 4 and MetaTrader 5, as well as the Iress trading platform for an extensive range of CFD trading products.

It boasts superior technology for low-latency trade execution and supports trading strategies such as scalping and the use of Expert Advisors (EAs).

Explore FPMarkets’ Trading Platforms

Why Choose FPMarkets?

Raw and Transparent Pricing:
FP Markets offers institutional-grade liquidity with no price manipulation, allowing traders to access tight spreads and fast execution speeds.
No Trading Restrictions:
It provides ideal conditions for various trading strategies, including scalping and the use of EAs, without minimum distance restrictions on placing trades.
Comprehensive Trading Education and Tools:
New traders can benefit from demo accounts to practice trading strategies, while advanced traders can take advantage of the broker’s deep liquidity and advanced trading platforms.

FP Markets stands out in the competitive forex and CFD brokerage space through its commitment to providing a high-quality trading experience, characterized by tight spreads, rapid execution, a broad product offering, and a strong regulatory framework.

This approach has earned it a reputable position in the industry and a favorable choice for traders around the world.

Go to FP Markets Official Website

How to open FPMarkets’ Account & Trade Cryptocurrency CFDs?

Starting to trade cryptocurrencies with FP Markets involves a streamlined process that caters to both novice and seasoned traders.

Given FP Markets’ comprehensive offerings, including CFDs and Forex trading alongside advanced trading platforms, competitive pricing, and regulatory compliance, here’s a step-by-step guide to begin trading cryptocurrencies:

1. Know FP Markets

First, recognize that FP Markets is a globally recognized broker established in 2005, offering a diverse range of trading instruments including Forex, Shares, Indices, Commodities, and Cryptocurrencies.

It stands out due to its competitive pricing, swift execution speeds, and advanced trading platforms.

It’s regulated by multiple authorities, ensuring a secure trading environment.

Go to FP Markets Official Website

2. Choosing the Right Account

FP Markets offers two main account types for forex trading, which also apply to cryptocurrency CFD trading:

Standard Account:
Ideal for traders who prefer no commission fees, with spreads starting from 1.0 pips. It requires a minimum deposit of $100 AUD or equivalent.
Raw Account:
Suitable for traders seeking tighter spreads from 0.0 pips, in exchange for a commission of USD $3 per side, per lot. It also requires a $100 AUD minimum deposit.

Both accounts provide ECN pricing, access to over 70 instruments including major cryptocurrency pairs, leverage up to 500:1, and support for Expert Advisors (EAs).

Choose your account type

3. Registering and Opening an Account

To start trading:

  1. Open an account through FP Markets’ website. The process involves providing some personal information, financial background, and trading experience to ensure suitable trading conditions.
  2. Choose between the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both of which support cryptocurrency CFD trading.

Go to the registration page

4. Funding Your Account

Deposit funds into your trading account using one of the many methods offered by FP Markets, including bank transfers, credit/debit cards, e-wallets, and notably, cryptocurrencies.

FP Markets supports a broad range of cryptocurrencies for deposit, ensuring a quick and easy process.

5. Starting to Trade

With your account funded, you can begin trading cryptocurrencies:

  • Utilize the MT4 or MT5 platforms to analyze the market, make trades, and manage your portfolio. These platforms offer advanced charting tools, live price streaming, and automated trading options.
  • Consider using FP Markets’ Copy Social Trading feature if you’re looking to replicate the strategies of experienced traders. This can be especially beneficial for those new to cryptocurrency trading.

FP Markets offers comprehensive trading education resources and tools, including demo accounts.

These resources are invaluable for beginners to practice trading strategies and for advanced traders to test their techniques without risk.

6. Managing Risk and Staying Informed

Engage in responsible trading by employing risk management strategies.

FP Markets provides functionalities to set stop loss and take profit orders, helping to manage potential losses and secure profits.

Stay updated with market trends and analyses provided by FP Markets.

The broker offers insightful market analysis, helping traders make informed decisions.

Trading cryptocurrencies with FP Markets is facilitated by its user-friendly platforms, diverse account options, and extensive support and educational resources.

Whether you’re interested in direct trading or utilizing the Copy Social Trading feature, FP Markets provides a conducive environment for engaging with the cryptocurrency market.

Remember, while cryptocurrency CFD trading offers the potential for significant returns, it’s important to understand the risks involved and approach trading with caution and knowledge.

Open an account with FP Markets

Comparisonof FPMarkets’ Account Types

FP Markets offers two primary forex trading account types, each designed to cater to the diverse needs of traders worldwide.

The Standard Account and the Raw Account, available on both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, present a flexible approach to forex trading, with each account type boasting unique features to suit different trading strategies.

Account Types Standard Account Raw Account
Platform MT4 – MT5 MT4 – MT5
Minimum Opening Balance $100 AUD or equivalent $100 AUD or equivalent
Spreads From 1.0 pips From 0.0 pips
Instruments 70+ Forex pairs, metals, indices, commodities 70+ Forex pairs, metals, indices, commodities
Max Leverage 500:1 500:1
Execution ECN-Pricing ECN-Pricing
Commission per Lot Zero USD $3 per side
Minimum Trade Size 0.01 Lot 0.01 Lot
EA’s Yes Yes
Mobile App Yes Yes
VPS Available Yes Yes
Signup Links Open a Standard Account Open a Raw Account

Open an account with FP Markets

Standard Account

The Standard Account requires a minimum opening balance of $100 AUD or its equivalent and offers spreads starting from 1.0 pips.

This account type is suitable for traders who prefer trading without commissions, as it charges zero commission per lot.

It supports a broad range of instruments, including over 70 forex pairs, metals, indices, and commodities, with a maximum leverage of 500:1.

This account is particularly appealing to those who utilize Expert Advisors (EAs), as it provides the necessary technological infrastructure, including VPS availability and mobile app support, to ensure a seamless trading experience.

Open FP Markets Standard Account

Raw Account

Conversely, the Raw Account is tailored for traders seeking tighter spreads, starting from 0.0 pips, in exchange for a commission of USD $3 per side, per lot.

Like the Standard Account, it demands a minimum opening balance of $100 AUD or equivalent and offers access to the same wide array of instruments with ECN pricing for enhanced execution quality.

This account type is especially favored by more experienced traders or those who prefer high-volume trading strategies, as it combines low spreads with fast execution speeds, supported by the robust infrastructure of the MT4 and MT5 platforms.

Open FP Markets Raw Account

Islamic Swap Free Account

FP Markets also acknowledges the importance of inclusivity and compliance with religious beliefs, offering Islamic versions of both the Standard and Raw accounts.

These Islamic accounts are designed in accordance with Islamic finance principles, avoiding swaps or interest charges on overnight positions.

Instead, an administration fee is applied to positions held for an extended period, ensuring the trading activities conform to Sharia law.

These accounts maintain the same trading conditions as their conventional counterparts, making them an ideal choice for Muslim traders seeking a swap-free trading environment.

Open FP Markets Swap Free Account

In addition to these account types, FP Markets encourages traders to familiarize themselves with the platforms and market conditions through demo accounts.

This approach allows traders to experience the features and functionalities of both the MT4 and MT5 platforms without any financial commitment, providing a risk-free environment to develop and test trading strategies.

Each account type at FP Markets has been carefully designed to meet the specific needs and preferences of different trader segments, from beginners to experienced professionals, including those who adhere to Islamic finance principles.

With a focus on providing flexible trading conditions, advanced technological infrastructure, and adherence to regulatory standards, FP Markets strives to create a comprehensive and inclusive trading environment for all its clients.

Go to FP Markets Official Website

Cryptocurrency CFD Trading with FPMarkets

Cryptocurrency CFD (Contracts for Difference) trading with FP Markets offers an exciting avenue for individuals interested in the volatile yet lucrative world of cryptocurrencies, without the complexities associated with direct ownership, such as needing a digital wallet or dealing with cryptocurrency exchanges.

Here’s an overview based on the provided information:

Invest in Cryptocurrency CFDs with FPMarkets

What is Cryptocurrency CFD Trading?

Cryptocurrency CFD trading allows individuals to speculate on the price movements of cryptocurrencies without actually owning the underlying digital assets.

This method leverages market volatility and offers opportunities for profit in both rising and falling market conditions.

FP Markets is a platform that enables trading on the most traded cryptocurrencies, including Bitcoin, Ethereum, XRP (Ripple), Bitcoin Cash, and Litecoin, among others.

Open a Cryptocurrency Trading Account

Benefits of Cryptocurrency CFD Trading with FP Markets:

No Need for a Crypto Wallet:
Eliminates the need for securing a digital wallet, simplifying the trading process.
Portfolio Diversification:
Offers a unique asset class that is not correlated to traditional financial instruments or central bank policies.
24/5 Market:
The cryptocurrency market operates round the clock, offering continuous trading opportunities.
Leverage and Low Spreads:
Allows trading on leverage, increasing potential returns with lower upfront capital, complemented by competitive spreads.
Beyond Cryptocurrencies:
FP Markets also offers trading in Forex, commodities, shares, and indices, making it a versatile platform for traders.

FP Markets recommends MetaTrader 4 and MetaTrader 5 platforms for cryptocurrency CFD trading, highlighting their benefits such as customizable interfaces, one-click trading, live price streaming, secure encryption, and compatibility across devices.

Invest in Cryptocurrency CFDs with FPMarkets

Why Choose FP Markets?

  • Global Presence: FP Markets is a globally recognized Forex broker with over 15 years of trading experience.
  • Client Fund Security: Offers segregated client funds to ensure safety.
  • Competitive Conditions: Promises tighter spreads, faster execution, and advanced trading platforms.
  • Support: Provides 24/7 multilingual customer support and personal account managers.

Open a Cryptocurrency Trading Account

Cryptocurrency CFDs Offered

FP Markets offers CFDs on major cryptocurrencies against the US Dollar and Australian Dollar, including:

  • Bitcoin (BTC): The largest cryptocurrency by market capitalization, with historical peaks and a significant impact on the market.
  • Litecoin (LTC): A popular altcoin known for its faster transaction times compared to Bitcoin.
  • Ripple (XRP): Favored by banks for its real-time cross-border fund transaction capabilities.
  • Ethereum (ETH): Known for enabling smart contracts and supporting numerous blockchain projects.
  • Bitcoin Cash (BCH): A fork of Bitcoin, created to address scalability issues.

Invest in Cryptocurrency CFDs with FPMarkets

Example of Leveraged Trading:

The example provided illustrates how leveraging works in cryptocurrency CFD trading, demonstrating the potential for profit or loss based on price movements of BTC/USD.

It emphasizes the importance of understanding margin requirements and the risks associated with leveraged trading.

Cryptocurrency CFD trading with FP Markets presents a robust platform for traders seeking to capitalize on the volatility of the cryptocurrency market, backed by the flexibility of leveraged trading, a variety of trading tools, and comprehensive support.

Open a Cryptocurrency Trading Account

Trading Platforms of FPMarkets

FP Markets provides its clients with two of the most renowned trading platforms in the financial markets: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Here’s an overview of each platform, highlighting their key features, functionalities, and why traders might choose one over the other.

MetaTrader 4 (MT4)

MetaTrader 4 is highly regarded as the world’s most popular trading platform, offering a comprehensive suite of tools for analyzing financial markets.

It caters to traders of all levels, providing a customizable interface, advanced charting tools, numerous technical indicators, and a suite of automated trading options.

Key Features of MT4 with FP Markets:

  • Customizable Interface: Allows personalization of the workspace, including the colors of technical indicators.
  • One-click Trading: Enables fast execution of trades directly from the charts.
  • MarketWatch and Live Price Streaming: Offers real-time price quotes for a wide range of tradable instruments.
  • Expert Advisors (EAs): Supports automated trading by using or developing EAs.
  • Secure Trading: Ensures secure transactions with 128-bit encryption.
  • Cross-platform Compatibility: Available on PC, Mac, iOS, and Android devices.

FP Markets enhances the MT4 trading experience with tight spreads from 0.0 pips, deep liquidity from top forex liquidity providers, fast execution speeds, and support for scalping and Expert Advisors (EAs) without restrictions.

Open FP Markets MT4 Account

Trading Instruments on MT4

  • Forex: Over 70 currency pairs.
  • Share CFDs: 63 stocks on global exchanges.
  • Commodities: Including gold, oil, and silver.
  • Indices: 14 global indices.
  • Cryptocurrencies: Major cryptos like Bitcoin, Ethereum, and more.

Open FP Markets MT4 Account

MetaTrader 5 (MT5)

MetaTrader 5 is a technologically advanced multi-asset platform that extends the capabilities of MT4, catering to both Forex and CFDs traders.

It is designed for trading in Forex, shares, metals, commodities, indices, and cryptocurrencies.

Why Choose MetaTrader 5?:

  • Fast, Flexible, and Informed Trading: Offers advanced financial trading functions, superior tools for technical and fundamental analysis, and the use of automated trading systems (trading robots) and copy trading.
  • Multi-Asset Platform: Provides the ability to trade more than just Forex, including stocks and commodities, all from a single platform.
  • Advanced Charting and Analysis Tools: Comes with more charting tools, timeframes, and technical indicators than MT4.
  • Economic Calendar: Integrated directly into the platform.
  • Improved Strategy Tester: For EAs, with faster back-testing and support for multi-currency testing.
  • Cross-platform Compatibility: Like MT4, MT5 is also available on Windows, Mac, iOS, and Android devices, making it accessible to traders on the go.

Open FP Markets MT5 Account

Opening an Account with FP Markets

To start trading on either platform with FP Markets, individuals can register and open a Live Trading Account or a Demo Account, download the appropriate version for their operating system, and log in to start trading.

For those who already have MT4 or MT5 installed, they can simply log in with their FP Markets account credentials to begin trading.

System Requirements: Both platforms are available on Windows 7 or higher and supported on Mac OSX, ensuring wide accessibility for traders using different operating systems.

FP Markets offers a choice between MetaTrader 4 and MetaTrader 5 to accommodate the needs of various traders, from beginners to advanced, across a wide range of instruments.

The choice between MT4 and MT5 depends on the trader’s preference for platform features, available trading instruments, and the type of analysis and trading strategies they plan to use.

Open FP Markets MT4 and MT5 Account

Cryptocurrency Deposit and Withdrawal with FPMarkets

FP Markets offers a wide variety of deposit and withdrawal options to accommodate the diverse needs of its clients, ensuring that funding your trading account is quick, easy, and convenient.

These options cater to a global clientele, with support for numerous currencies and payment methods, including traditional banking, e-wallets, online banking, and notably, cryptocurrencies.

See Available Funding Methods

Cryptocurrency Deposit and Withdrawal Options

Cryptocurrency Deposits

  • Supported Cryptocurrencies: FP Markets accepts a broad range of cryptocurrencies for deposits, including major ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and various stablecoins such as USDT (Tether), USDC (USD Coin) in different protocols (ERC20, TRC20, BEP20), among others.
  • Deposit Time: Cryptocurrency deposits are generally processed within up to one hour, though times may vary depending on network congestion and the specific cryptocurrency used.
  • Deposit Fees: While FP Markets does not charge any deposit fees for cryptocurrencies, blockchain network fees apply. These fees are not controlled by FP Markets and will depend on the current network load and the transaction size.
  • Minimum Deposit: Specific minimum deposit amounts can vary based on the cryptocurrency used. It’s essential for traders to check the latest requirements and adjust their transfer amounts accordingly.

Go to FP Markets Official Website

Cryptocurrency Withdrawals

  • Withdrawal Time: Withdrawal requests for cryptocurrencies are typically processed within one business day, ensuring that traders can access their funds promptly.
  • Withdrawal Fees: Like deposits, withdrawals in cryptocurrencies are subject to blockchain network fees. FP Markets does not charge additional withdrawal fees, but traders will need to account for the blockchain fees applicable at the time of their withdrawal.
  • Security and Efficiency: Cryptocurrency transactions offer the benefits of security, with blockchain technology ensuring the integrity of transfers, and efficiency, with the potential for faster processing times compared to traditional banking methods.

Go to FP Markets Official Website

General Information on Deposits and Withdrawals:

  • Diverse Funding Options: Apart from cryptocurrencies, traders can use various other methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, e-wallets like Neteller and Skrill, and specific regional payment solutions.
  • No Deposit Fees: FP Markets does not charge any deposit fees, and for international bank wire transfers above 10,000 USD, it will cover fees up to 50 USD.
  • Withdrawal Processing: Withdrawals are processed through the Secure Client Portal, with most methods having no FP Markets withdrawal fees. However, intermediary or provider fees may apply, particularly for international and non-standard methods.
  • Security: FP Markets prioritizes the security of client funds, holding them in segregated accounts with AA-rated Australian banks, ensuring they are kept separate from the company’s funds.
Note for Traders:

  • Third-Party Payments: FP Markets strictly does not accept third-party payments. All deposits must be made from accounts that match the name on the trader’s FP Markets account.
  • Withdrawal Methods: The method used for withdrawal should match the method used for deposit. In cases where multiple deposit methods were used, withdrawals must cover the deposited amounts in the order they were made before profits can be withdrawn through any of the used methods.

FP Markets’ comprehensive deposit and withdrawal options, including its support for numerous cryptocurrencies, underscore its commitment to providing flexible and accessible trading conditions for its global client base.

This approach aligns with the needs of modern traders, offering them the convenience, speed, and security required to manage their trading finances effectively.

Go to FP Markets Official Website

ECN and DMA Pricing for Cryptocurrency Trading

FP Markets utilizes advanced pricing models to cater to the needs of modern traders, focusing on deep liquidity, transparency, and execution speed.

They offer two main types of pricing for trading: ECN (Electronic Communication Network) and DMA (Direct Market Access), each designed to suit different trading strategies and preferences, particularly relevant in the context of Forex and CFD trading, including cryptocurrencies.

Experience the ECN and DMA Pricing

ECN Pricing for Cryptocurrency Trading

ECN Pricing is about providing traders with direct access to other market participants in forex and cryptocurrency markets through electronic communication networks.

Here’s how FP Markets implements ECN pricing:

Deep Liquidity:
FP Markets sources its prices from a large pool of tier-one regulated financial institutions, ensuring a diverse mix of liquidity and aggressive pricing.
Price Transparency:
ECN pricing ensures that traders receive real-time prices, allowing them to trade on the most competitive bids and offers available.
Tight Spreads:
By fostering competition among liquidity providers, FP Markets can offer some of the tightest spreads in the market, starting as low as 0.0 pips.
Ultra-Fast Execution:
Traders benefit from minimal slippage due to the high-speed order execution, which is crucial for strategies like scalping or using Expert Advisors (EAs).
Technology-Driven:
The use of ECN allows for a seamless and smooth trading experience, with the added benefits of customizable trading platforms like MetaTrader 4 and 5.

ECN Pricing is ideal for traders who value speed and transparency, offering them a competitive edge in the fast-moving cryptocurrency market.

Open FPMarkets’ ECN Trading Account

DMA Pricing for Cryptocurrency Trading

DMA CFD Pricing gives traders direct access to the order books of exchanges or liquidity providers for shares, futures, and other exchange-traded instruments.

Although cryptocurrencies are primarily traded on decentralized markets and thus not directly applicable for DMA in the traditional sense, the principles of transparency and direct market access inform FP Markets’ approach across all instruments.

Here’s what DMA offers:

Market Transparency:
Traders see live market prices and full depth of the market, allowing a detailed analysis of market dynamics.
Price Making Capability:
With DMA, traders can impact the market by adding or taking liquidity, which can be particularly advantageous in less liquid markets.
Increased Trading Opportunities:
Offers access to a wide array of shorts and the ability to trade on almost all securities, enhancing strategy flexibility.
Execution Speed and Transparency:
Direct orders to the market mean no price re-quotes and faster execution, a principle FP Markets adheres to across its offerings.
Alignment of Interests:
Since orders are matched in the underlying market, FP Markets doesn’t profit from traders’ losses, aligning the broker’s interests with those of its clients.

FP Markets’ adoption of ECN and DMA pricing models reflects their commitment to providing a transparent, fair, and efficient trading environment.

For cryptocurrency trading, while the direct application of DMA might be less relevant due to the nature of crypto markets, the underlying principles of transparency, direct access, and fair pricing guide FP Markets’ approach, ensuring that traders have access to competitive spreads, deep liquidity, and fast execution speeds across all traded instruments, including cryptocurrencies.

This approach positions FP Markets as a preferred choice for traders looking for a reliable and advanced trading experience in the forex and CFD markets.

Open FPMarkets’ ECN Trading Account

Social and Copy Trading with FPMarkets

Cryptocurrency traders at FP Markets can significantly benefit from the platform’s Copy Social Trading feature, an innovative approach that simplifies trading by enabling users to automatically replicate the trades of experienced and successful traders.

This feature is particularly appealing to both novice and seasoned traders looking to diversify their trading strategies or to learn from the expertise of others.

Here’s how cryptocurrency traders can leverage FP Markets’ Copy Social Trading to their advantage:

Ease of Getting Started

Simple Account Setup:
Traders can easily open an account on FP Markets and begin copy trading through MetaTrader 4 or MetaTrader 5 platforms, both renowned for their reliability and advanced features.
Selection of Top Traders:
FP Markets provides a comprehensive Ratings Page, helping users to identify and follow the most successful traders based on their profitability, trading history, and past performance.
Diverse Copy Trading Options:
The platform offers flexibility in copy trading modes, allowing traders to copy multiple Providers with varying trading systems, optimizing the potential for success.

Find out more about Copy Trading

Social Trading vs. Copy Trading

FP Markets’ social trading environment not only allows for copy trading but also enables traders to become part of a community, sharing insights and strategies, further enriching their trading experience.

The platform’s copy trading system is automated, meaning once a trader chooses a provider to copy, all subsequent trades from that provider are automatically replicated in the copier’s account, ensuring they never miss a trading opportunity.

FP Markets’ Copy Social Trading and Signal Start services offer cryptocurrency traders a comprehensive and flexible platform to enhance their trading strategies through learning, copying, and participating in a community of like-minded traders.

By leveraging the expertise of experienced traders, utilizing advanced risk management tools, and accessing a wide range of financial instruments, both novice and seasoned traders can navigate the complexities of the cryptocurrency markets more effectively.

Go to FP Markets Official Website