Get in touch

+ 61 2 8252 6800 [email protected]

Offices

Sydney | Shanghai | Bejing

Trade Bitcoin now at FP Markets
Trade directly from MT4
Leverage up to 10:1 Open New Account
Practice Forex With
A $100K Demo Account
Find out why the FP markets MT4 platform is so popular Open Demo Account

Leverage – How does it work?

Leverage is one of the key components behind trading Forex. It is expressed as a ratio and works directly in hand with the margin which is set by FP Markets. FP Markets’ standard leverage on accounts is 100:1 and therefore if you opt to have greater leverage e.g. 200:1 the margin required to open and hold a Margin FX contract drops (in this case by half). For this reason margin based trading can be an attractive tool for clients to gain greater exposure to the Forex market. Of course in addition to greater profit potential, you will also face the risk of losing more so it is important to assess your personal risk appetite.

FP Markets has specific leverage bands in place to assist in determining the leverage a client is allowed on their trading account. The below table is there to guide you on the available leverage options.

See an example of how Leverage works

FP Markets MT4 Leverage Conditions
     Leverage
       Minimum Deposit
     Maximum Equity Balance
500 : 1 $500 $10,000
400 : 1 $500 $25,000
300 : 1 $500 $50,000
200 : 1 $500 $100,000
100 : 1 $200 $100,000+
50 : 1 $200 $100,000+
25 : 1 $200 $100,000+
1 : 1 $200 $100,000+
How to check your leverage in MT4

To check what leverage you are currently permitted simply go the navigator and click on ‘Accounts’ and then hover over your account number. You should then see the image below which shows your leverage and base currency.

Forex Swap Rates

What are Forex Swap rates?

Forex swap rate or rollover rate can be defined as the overnight interest that is charged or paid on an open position. The rate that is used is derived from the overnight interest differential between the two currencies of the pair being traded, the market conditions and whether you are long or short the position.

Important elements of Swap/Rollover rates

  • Swap rates are applied at 00:00 platform time
  • Swaps are applied each night on open positions only, however on Wednesday night swaps are charged at triple the rate to account for the weekend
  • Swap rates are calculated in points and can be positive or negative depending on the interest rate of the two currencies
  • To view the up to date swap rates, please refer to the Market Watch panel on your MT4 client terminal, right click and select ‘Symbols’. Choose the Forex pair you are interested in and select ‘Properties’

Forex Spreads

Spreads Available

Spreads on our MetaTrader 4 platform are variable, with quotes coming from major international financial institutions. During liquid times our industry-leading spreads can go as low as 0.0 pips. Our more typical spreads are listed below.

Forex Spreads

Symbol Product Description Standard A/c Raw ECN A/c
Min Avg Min Avg
AUDCAD Australian Dollar vs Canadian Dollar 1.1 2.65 0.2 1.75
AUDCHF Australian Dollar vs Swiss Franc 1.6 2.65 0.7 1.75
AUDJPY Australian Dollar vs Japanese Yen 1.1 2.08 0.2 1.18
AUDNZD Australian Dollar vs New Zealand Dollar 1.1 3.12 0.2 2.22
AUDUSD Australian Dollar vs US Dollar 1.1 1.66 0.1 0.66
CADCHF Canadian Dollar vs Swiss Franc 1.5 2.72 0.6 1.82
CADJPY Canadian Dollar vs Japanese Yen 1.2 2.24 0.3 1.34
CHFJPY Swiss Franc vs Japanese Yen 1.1 2.75 0.2 1.85
EURAUD Euro vs Australian Dollar 1.1 2.71 0.2 1.81
EURCAD Euro vs Canadian Dollar 1.5 2.72 0.6 1.82
EURCHF Euro vs Swiss Franc 1.3 2.31 0.4 1.41
EURGBP Euro vs Great Britain Pound 1.1 1.67 0.2 0.77
EURJPY Euro vs Japanise Yen 1.1 1.89 0.1 0.89
EURNOK Euro vs Norwegian Kroner 11.6 20.51 4.3 46.71
EURNZD Euro vs New Zealand Dollar 1.2 4.75 0.3 3.85
EURPLN Euro vs Polish Zloty 9.4 19.92 0.8 21.75
EURSEK Euro vs Swedish Krona 24.2 32.16 5.7 45.4
EURSGD Euro vs Singapore Dollar 1.6 4.32 0.7 3.42
EURTRY Euro vs Turkish Lira 5.2 14.88 0.7 17.55
EURUSD Euro vs US Dollar 0.7 1.45 0.0 0.45
EURZAR Euro vs South African Rand 12.5 87.57 11.6 86.67
GBPAUD Great Britain Pound vs Australian Dollar 1.6 3.93 0.7 3.03
GBPCAD Great Britain Pound vs Canadian Dollar 1.1 3.94 0.2 3.04
GBPCHF Great Britain Pound vs Swiss Franc 1.4 3.35 0.5 2.45
GBPJPY Great Britain Pound vs Japanese Yen 1.1 2.47 0.2 1.57
GBPNZD Great Britain Pound vs New Zealand Dollar 1.6 7.01 0.7 6.11
GBPSEK Great Britain Pound vs Swedish Krona 9.7 32.45 7.2 61.92
GBPSGD Great Britain Pound vs Singapore Dollar 1.2 6.49 0.3 5.59
GBPUSD Great Britain Pound vs US Dollar 1.1 1.85 0.2 0.95
NZDCAD New Zealand Dollar vs Canadian Dollar 1.6 3.37 0.7 2.47
NZDCHF New Zealand Dollar vs Swiss Franc 1.8 3.15 0.9 2.25
NZDJPY New Zealand Dollar vs Japanese Yen 1.5 2.68 0.6 1.78
NZDSGD New Zealand Dollar vs Singapore Dollar 1.6 4.92 0.7 4.02
NZDUSD New Zealand Dollar vs US Dollar 1.1 2.13 0.2 1.23
USDCAD US Dollar vs Canadian Dollar 1.1 2.07 0.2 1.17
USDCHF US Dollar vs Swiss Franc 1.1 2.22 0.2 1.32
USDCNH US Dollar vs Chinese Yuan 4 16.15 3.1 15.25
USDHKD US Dollar vs Hong Kong Dollar 1.9 10.94 1 10.04
USDJPY US Dollar vs Japanese Yen 1.1 1.5 0.2 0.6
USDNOK US Dollar vs Norwegian Krone 12.6 26.11 4.3 33.62
USDPLN US Dollar vs Polish Zloty 10.6 20.79 3 20.3
USDSEK US Dollar vs Swedish Krona 12.8 23.31 4.3 26.97
USDSGD US Dollar vs Singapore Dollar 0.3 3.8 0.1 2.9
USDTRY US Dollar vs Turkey Lira 4.6 9.51 0.8 10.62
USDZAR US Dollar vs South African Rand 23 64.77 3.9 64.29

Metal Spreads

Symbol Product Description Standard A/c Raw ECN A/c
Min Avg Min Avg
XAUUSD Gold vs US Dollar 0.16 0.27 0.06 0.17
XAUAUD Gold vs Australian Dollar 0.21 0.72 0.11 0.62
XAGUSD Silver vs US Dollar 0.14 0.19 0.08 0.13
XAGAUD Silver vs Australian Dollar 0.41 0.41 0.35 0.35

 

Indices Spreads

Symbol Product Description Standard A/c Raw ECN A/c
Min Avg Min Avg
AUS200 Australia 200 index Cash 1 2 1 2
UK100 UK100 Index Cash 1 2 1 2
STOXX50 Euro 50 Index Cash 2 2 2 2
JP225 Japan 225 Index Cash 10 10 10 10
GER30 German 30 Index Cash 1 2 1 2
US500 US 500 Index Cash 0.5 0.5 0.5 0.5
DJ30 US Dow Jones Index Cash 4 4 4 4
NAS100 US Nasdaq Index Cash 2 2 2 2
HK50 Hong Kong Index Cash 15 15 15 15
FRA40 France 40 Index Cash 1.4 1.59 1.4 1.59
SPA35 Spain 35 Index Cash 8.5 8.5 8.5 8.5

 

Commodities Spreads

Symbol Product Description Standard A/c Raw ECN A/c
Min Avg Min Avg
XTIUSD West Texas Intermediate Crude Oil 0.05 0.05 0.05 0.05