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How To Open Account in FP Markets?

how to open account on FP Markets

FP Markets is an Australian company that helps you trade CFDs and forex. It follows rules set by ASIC, a top regulator. Picking FP Markets for your first trade is smart. In this article, we’ll guide you from signing up to making your first order. At FP Markets, signing up is easy, and you don’t need special knowledge. If you’ve signed up for anything online before, you’ll find it familiar.

KYC Procedure Requirements at FP Markets

As a fully regulated broker (you can visit our review page), FP Markets must follow international rules to stop money laundering. So, when you open a new trading account, you have to do something called KYC.

During the check, you need to give us some papers. Remember, each file can’t be bigger than 10 MB, and we only accept JPEG, JPG, or PDF files. You’ll need to give us two types of documents:

Proof of Identity

This shows who you are. It needs to have your full name, picture, when it expires, and your signature. You can give us one of these:

  • Passport
  • National ID Card
  • Driver’s License

Proof of Address

This proves where you live. It must be from the last 6 months and show your name and address. We usually don’t accept PO Box addresses, except in some countries. You can give us:

  • Recent utility bill (electricity, gas, water, internet)
  • Recent bank statement

If you can’t give us any of these, you can use other official papers with your name and address. But remember, you need at least two different papers to verify your application. If you can’t upload your papers on our website, you can email them to onboarding@fpmarkets.com.

Later, if you need to change your details, email us from the address you used to register. You might need to give us more papers, like a marriage certificate if your name changed, or a new proof of address if you moved.

FP Markets Account Opening Process

Before you start opening your account, make sure FP Markets operates in your country. To open a CFD account with FP Markets in Australia, follow these steps:

  1. Go to FP Markets’ official website. Click “Open Live” at the top right or “Start Trading” in the middle of the screen to register a new trading account.
  2. Fill in your private details, such as your email, first name, last name, account type, country, gender, smartphone number, and referral code (if you have one). You can also join using your Google or Facebook account. Click “Save & Next” to move forward.
  3. Provide additional records consisting of your start date, complete agreement, and monetary reputation that includes your task, earnings, and where your money comes from. Click “Save and more” and hold.
  1. Set up your account preferences. Choose your preferred trading platform, account type, trading currency, and leverage. Create a strong password that’s at least 7 characters long and includes at least one uppercase letter, one lowercase letter, one symbol (#$@!%&), and one number. Confirm your password and click “Save and Next” when finished.
  2. Select your trading experience level. Read the terms and conditions, then tick the agreement box and click “Accept and Open Account”.
  3. Congratulations! You’ve completed the registration process. You can now log in to FP Markets’ Client Portal using your email and password.
  4. To access your MT4/MT5 account, download the platform on your computer and check your email for your account credentials. Use these credentials to log in.

Which base currency to choose?

If you put money into your trading account in the same currency as your bank account, or if you trade assets in the same currency as your trading account’s base currency, you won’t need to pay a conversion fee. At FP Markets, you need to deposit at least $50 to start trading.

One easy way to avoid conversion fees is by getting a multi-currency bank account at a digital bank.

The base currencies at FP Markets are: EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, CHF.

Once you fill out the form, upload your documents, choose your account type, base currency, and finish the trading survey, FP Markets will quickly verify your account.

FP Markets Account Verification Process

To use all the services provided by the broker, you need to verify your account.

Here’s how you can do it:

First, visit the seller’s website and log in to their client portal. You will need to use the email agreement you signed up with and your password.

FP Markets verify acount

2. Once you are logged in, find the “Profile” alternative on the left side of the screen and click on it.

3. Look for “Upload Document” and click on it.

4. Now you want to provide some documents that show who you are and where you live. You can do this by scanning documents or taking photos with your smartphone.

5. Once you have your files ready, select the type of report you’re importing, such as your ID card or an invoice with your address. Then click “Browse,” locate the files on your laptop or phone, and paste them. Make sure the documents are clean, in shadow, and meet all the requirements.

upload document
  1. Once you’ve submitted your documents, you’ll need to wait for the broker to check them. This usually takes about a day, but FP Markets tries to do it faster, sometimes within an hour.
  2. When the verification is complete, you’ll receive an email letting you know the status of your account. If there’s a problem with any of your documents, you might need to send in more documents for further verification.

That’s it! Once your account is verified, you’ll have full access to all the broker’s services.

Final Thoughts

So, we hope Topforex has shown you the FP Markets account opening process successfully. It’s no surprise that FP Markets keeps attracting clients worldwide with its great offers and trading conditions. Opening an account may seem hard at first, but the best time to start managing your money is now. The process is simple and all online, so you can do it anywhere with your computer or phone. Also, remember to verify your account to access the broker’s full service.

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