Fees & Charges

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Trading Fees
& Charges

At FP Markets, our value does not stop at low commissions, fast execution and outstanding customer service. Our Iress platform uses a Direct Market Access (DMA) pricing model for CFD Equities and Futures. DMA is an execution model in which the client receives a genuine exchange price feed from the underlying market in which they are trading. Not only does the DMA model result in an order flowing onto the underlying market, it also provides access to leverage, short selling and competitive commissions. DMA pricing is available exclusively through our IRESS trading platform on exchange traded products.

IRESS Trading
Platform

Iress is a sophisticated trading platform with advanced functionality. What makes the Iress platform superior is transparent Direct Market Access (DMA) which allows for CFD trading in shares, futures and ETFs without the use of intermediaries. Trade in more than 10,000 Australian and international CFDs on stock exchanges across several continents. From blue chips to ETFs, you can access full market depth with clear and transparent pricing.

The platform features include sophisticated charting, real-time pricing, access to market heat maps and live streaming news. The highly cutomisable interface allows you to identify high risk market conditions and set alerts for particular order types such as stop-loss orders. Similarly, you can open positions at desired price levels and utilise out leveraged product offering.

Funding options across our trading platforms include credit card, debit card, PayPal, POLi, BPAY, bank transfer, Neteller and Skrill. FP Markets does not charge any deposit fees and will cover internal bank fees for all international deposits.

Equity CFD

Exchange Commission per Side Minimum Charge
AUSTRALIA 0.06%** 6 AUD**
SINGAPORE 0.15% 25 SGD
HONG KONG 0.30% 100 HKD
LONDON 0.10% 10 GBP
FRANKFURT 0.10% 10 EUR
NY NYSE 2 CENTS/SHARE 15 USD
NY NASDAQ 2 CENTS/SHARE 15 USD

International
Futures CFD

Exchange Products Offered Standard
SFE ASX SPI200 (AP) 15 AUD
EUREX DAX (FDAX), DJ EURO STOXX 50 (FESX) 15 EUR
CME E-MINI S&P500 (ES), E-MINI NASDAQ 100 (NQ) 15 USD
CME NIKKEI 225 USD (NKD) 17.5 USD
CME NIKKEI 225 JPY (NIY) 1750 JPY
CBT E-MINI DOW (YM) 15 USD

Forex

Exchange Commission per Side
FX 0 (BUILT INTO THE SPREAD)
METALS 0 (BUILT INTO THE SPREAD)
COMMODITIES 0 (BUILT INTO THE SPREAD)
INDEX 0 (BUILT INTO THE SPREAD)

*GST is not applicable on CFD transactions.

**Wholesale accounts 0.05% with 0 AUD minimum charge.

Platform Fees

The platform fee charged depends on the trading platform you choose to use. This fee is determined by the platform provider. For instance, MetaTrader 4 and MetaTrader 5 are free to use, as is the Iress Mobile version which is available on Android and Apple iOS devices such as iPhone and iPad. However, for Iress Trader/ViewPoint, there is a $60 monthly fee, including GST. This fee is waived when a certain amount of trades are executed or commissions generated. See below.

IressTrader and the new version ‘ViewPoint’ is a dynamic trading platform with access to full market transparency on a wide range of global markets, delivering the action live from the underlying markets. Packed with features this option is suited to the active trader with alerts, charting, multi-product portfolio management, live streaming news from multiple vendors and a huge range of order options with automation.

Platform features:

  • Transparent Pricing

  • Compatible on Windows or Mac

  • Access to full market depth

  • Sophisticated charting

  • Live streaming news

  • Advanced order management

  • Ability to trade pre and post market auctions

  • Highly customisable interface

  • Access to market heat map

  • Ability to set alerts on trade execution, news and price levels

Costs:

  • *Trade 15 times (with a standard min ticket fee of $10 AUD) or more per calendar month or generate more than $150 in commissions to receive this trading platform free of charge. Note that charges only apply for a calendar month if you log into the platform during that month.

  • *Live Streaming ASX data costs to $25 per month though will be rebated if you generate $50 in commissions (in our ASX equity or DMA index CFD contracts).

Designed for investors this web-based solution provides all the tools to manage trades on a daily basis. Access CFDs and Forex to introduce strategies like diversification and hedging. This platform features alerts, charting, multi-product portfolio management and a full range of order options and simple contingent orders.

Platform features:

  • Simple and intuitive interface

  • Live streaming news

  • Fast and easy order placement

  • Ability to set alerts on news and price levels

  • Compatible on Windows or Mac

  • Access to trade pre and post market auctions

  • Customise and save multiple watchlists

Costs:

  • *This platform is free of charge for all clients regardless of trading activity.

  • *Live Streaming ASX data costs to $25 per month though will be rebated if you generate $50 in commissions (in our ASX equity or DMA index CFD contracts). Alternatively, this platform offers ASX data on a refresh basis free of charge to all clients.

For trading on the go simply download the Iress app for iPhone or Android. This will offer you the ability to take your trading wherever you go. Manage your trading on a mobile or tablet, view the portfolio, access news, place orders and view charts.

Iress Mobile features:

  • Live dynamic pricing

  • Access to real-time financial news

  • Track portfolio and holdings

  • Advanced order management

  • Enhanced charting

  • Compatible on iPhone, iPad and Android devices

Costs:

  • *This platform is free of charge for all clients regardless of trading activity.

  • *Data fees as outlined below may apply. In the event that you are using the data for the Iress Mobile application along with either the Iress Trader or ViewPoint Essential platform, you will not be charged twice

MT4 is the world’s most popular trading platform and FP Markets’ MT4 is right at the top. Trading on MT4 opens you up to trade an extensive range of currency pairs, metals and Index CFDs.

Platform features:

  • Streaming Live Prices on Live and Demo platforms

  • Numerous Order types

  • Expert Advisor and Indicator tools for trading

  • One Click Trading

  • Multiple add-on platforms to access your trading anywhere, anytime

  • Client Terminal security communicates over a 128bit Secure Encryption

  • Alerting features

  • Fully customisable desktop, including background, font and chart colours

  • Multiple Language options changeable at a click of a button

Costs:

  • This trading platform is free of charge for all clients.

Private Equity
Exchanges

Equity
Exchanges
Level 1 Level 1 Rebate Level 2 Level 2 Rebate
ASX (AUD) NA NA 22 (AUD) Generate $50 AUD in Commissions
HKE (HKD) 120 (HKD) Generate $150 (HKD) in Commissions 200 (HKD) Generate $250 (HKD) in Commissions
SGX (SGD) 10 (SGD) Generate $20 (SGD) in Commissions 60 (SGD) Generate $80 (SGD) in Commissions
ETR (EUR) 20 (EUR) NA NA NA
LSE (GBP) NA NA 6 (GBP) Generate $50 (GBP) in Commissions
NAS (USD) 2 (USD) Generate $10 (USD) in Commissions NA NA
NYS (USD) 2 (USD) Generate $10 (USD) in Commissions NA NA
CHI-X – (CXA) NA NA 11 (AUD) Generate $50 AUD in Commissions

*Charges are in Local currency

Pro Equit
Exchanges

Equity
Exchanges
Level 1 Level 1 Rebate Level 2 Level 2 Rebate
ASX (AUD) NA NA 95 (AUD) Generate $150 AUD in Commissions
HKE (HKD) 120 (HKD) Generate $150 (HKD) in Commissions 200 (HKD) Generate $250 (HKD) in Commissions
SGX (SGD) 10 (SGD) Generate $20 (SGD) in Commissions 60 (SGD) Generate $80 (SGD) in Commissions
ETR (EUR) 70 (EUR) NA NA NA
LSE (GBP) 50 (GBP) Generate $200 (GBP) in Commissions 185 (GBP) Generate $400 (GBP) in Commissions
NAS (USD) 25 (USD) Generate $70 (USD) in Commissions NA NA
NYS (USD) 45 (USD) Generate $100 (USD) in Commissions NA NA
CHI-X – (CXA) NA NA 60 (AUD) NA

*Charges are in Local currency

Private Futures
Exchanges

Equity
Exchanges
Level 1 Level 1 Rebate Level 2 Level 2 Rebate
SFE (AUD) NA NA 20 (AUD) NA
ERX (EUR) 12 (EUR) Generate $30 (EUR) in Commissions 12 (EUR) Generate $30 (EUR) in Commissions
CME (USD) 11 (USD) NA 11 (USD) NA
CBT (USD) 11 (USD) NA 11 (USD) NA
NYM (USD) 11 (USD) NA 11 (USD) NA

*Charges are in Local currency

ro Futures
Exchanges

Equity
Exchanges
Level 1 Level 1 Rebate Level 2 Level 2 Rebate
SFE (AUD) NA NA 114 (AUD) NA
ERX (EUR) 60 (EUR) Generate $100 (EUR) in Commissions 60 (EUR) Generate $100 (EUR) in Commissions
CME (USD) 120 (USD) NA 120 (USD) NA
CBT (USD) 120 (USD) NA 120 (USD) NA
NYM (USD) 120 (USD) NA 120 (USD) NA

*Charges are in Local currency

Monthly News and
Additional Data Royalties

Additional Data Options Charge (AUD) Full Rebate of the Additional Data
Fees After Additional Trades
International Markets Live (IML) 11 Generate $30 AUD in Commissions
London Metal Exchange Live 20 Generate $50 (GBP) in Commissions
International Markets Indices Live (Requires IML) 20 Generate $50 (GBP) in Commissions
Reuters News 55 Generate $150 AUD in Commissions
DJ Aust News 55 Generate $150 AUD in Commissions
ASX COM News Live (PDS) 50 Generate $80 AUD in Commissions
ASX Mobile Data Subscription NO CHARGE

*Trades is equivalent to the standard minimum charge in the corresponding exchange and currency. Where these is no corresponding exchange this will default to AUD $10.

Financing
with FP Markets

A financing cost or benefit is incurred for any CFD contracts held open each day. The finance rate is applied to the full notional value (or face value) of your position. If you hold a long ‘buy’ position you will be charged interest, if you hold a short ‘sell’ position you may receive interest from FP Markets.

Interest Rates
on CFD Positions

Based on the notional or face value of open CFD contracts held open each day, interest is debited from and/or credited to your CFD account on a daily basis on the next trading day. The interest rate charges for open CFD contracts are set out below. Interest is calculated by multiplying the number of CFDs by the closing price, multiplied by the applicable interest rate, divided by 365 days.

FP Markets
Base Rate

Exchange Reference rate FP Markets
Base rate
Retail Markup Wholesale Markup
Australia RBA Cash Rate 4.35% 3% 2.0%
Hong Kong 1m HIBOR 2.75% 3% 2.0%
Malaysia SONIA 3.00% 3% 2.0%
Singapore 1m SIBOR 1.50% 3% 2.0%
United Kingdom SONIA 4.50% 3% 2.0%
Euro ESTR 3.75% 3% 2.0%
USA SOFR 5.25% 3% 2.0%
Canada BOC Rate 4.5% 3% 2.0%

Borrow
Trading Fees

Short Positions – Stock borrow fee’s may apply starting from 0.5% pa.

Dividends and CFDs

With our transparent trading commission fee structure, you can feel confident of always being in control of your trades.

If you hold a long CFD contract open leading into the ex-dividend date, you will be credited with an amount equal to the gross unfranked dividend on the underlying shares, typically on the ex-dividend date (CFDs do not confer rights to any dividend imputation credits).

If you hold a short CFD position leading into the ex-dividend date, your account will be debited an amount equal to the gross unfranked dividend on the underlying shares, typically on the ex-dividend date.

Iress Platform

Start Trading
in Minutes

bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

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Source - database | Page ID - 2687

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