FP Markets offers a Raw Spread Account, designed for experienced traders who want to take advantage of tight spreads and fast execution.
The leverage options range from 1:1 to 500:1, allowing traders to choose their desired level of risk.
A commission fee of $3.00 per lot per side applies to the Raw Spread Account.
Spreads start from 0.0 pips, providing traders with a competitive edge.
The minimum deposit required to open a Raw Spread Account is $100.
The Raw Spread Account is available on the MetaTrader 4, MetaTrader 5, and IRESS platforms.
Traders have access to over 60 currency pairs, as well as indices, commodities, and cryptocurrencies.
Fast execution speeds, with most trades executed in under 40 milliseconds.
Scalping and hedging strategies are allowed, giving traders the flexibility to implement their preferred trading approach.
An Islamic account option is available, which is swap-free and compliant with Sharia law.
My Journey with FP Markets Raw Spread Account: A Personal Experience
As a trader, I’m always on the lookout for ways to optimize my trading experience and maximize my profits. One of the key factors that can make or break my trading journey is the type of trading account I use. In this article, I’ll share my personal experience with FP Markets’ Raw Spread Account, highlighting its features, benefits, and my honest opinion on whether it’s the right fit for you.
What is a Raw Spread Account?
A Raw Spread Account is a type of trading account that offers direct market access, eliminating the need for a dealing desk. This means that the broker doesn’t interfere with the trading process, and you receive the best available prices from the liquidity providers. In essence, you get to trade on the raw spreads offered by the market, without any markup or interference from the broker.
Why I Chose FP Markets Raw Spread Account
I chose FP Markets’ Raw Spread Account because of its reputation for offering some of the tightest spreads in the industry. As a trader, I know that every pip counts, and shaving off a few pips from my trades can make a significant difference in my overall profitability. FP Markets’ Raw Spread Account promised to deliver just that, with spreads as low as 0.0 pips on major currency pairs.
My Experience with FP Markets Raw Spread Account
So, how did my experience with FP Markets Raw Spread Account turn out? In short, it was a game-changer. Here are some key benefits I experienced:
Lower Spreads
Currency Pair
FP Markets Raw Spread
Competitor A
Competitor B
EUR/USD
0.1 pips
1.2 pips
1.5 pips
USD/JPY
0.2 pips
1.8 pips
2.1 pips
GBP/USD
0.3 pips
2.2 pips
2.5 pips
As you can see, the spreads offered by FP Markets Raw Spread Account are significantly lower than those of its competitors. This meant that I could enter and exit trades with greater precision, reducing my trading costs and increasing my profitability.
Fast Execution
I was impressed by the speed of execution on FP Markets’ Raw Spread Account. Orders were executed in a matter of milliseconds, which is critical when trading in fast-moving markets. This allowed me to capitalize on trading opportunities quickly and efficiently.
Transparent Pricing
Excellent Customer Support
FP Markets’ customer support team was responsive and knowledgeable, answering all my questions and addressing any concerns I had promptly.
Challenges and Drawbacks
While my experience with FP Markets Raw Spread Account was overwhelmingly positive, there were some challenges and drawbacks to consider:
Higher Minimum Deposit
The minimum deposit required to open a Raw Spread Account with FP Markets is $1,000, which may be out of reach for some traders.
Limited Leverage
The leverage offered by FP Markets Raw Spread Account is limited to 1:500, which may not be suitable for all traders.
No Dealing Desk Intervention
While the lack of dealing desk intervention can be a blessing, it can also be a curse. As a trader, I sometimes rely on the broker’s guidance and intervention to navigate complex market conditions.
Is FP Markets Raw Spread Account Right for You?
So, is FP Markets Raw Spread Account right for you? Here are some questions to consider:
Are you a seasoned trader looking to optimize your trading experience?
Do you prioritize tight spreads and low trading costs?
Are you comfortable with a high minimum deposit and limited leverage?
If you answered “yes” to these questions, then FP Markets Raw Spread Account may be an excellent choice for you.
Frequently Asked Questions:
Raw Spread Account FAQs
What is the Raw Spread Account?
The Raw Spread Account is a type of trading account offered by FP Markets that provides traders with direct access to the interbank market, allowing them to trade with raw spreads from as low as 0.0 pips.
What are the benefits of the Raw Spread Account?
The benefits of the Raw Spread Account include:
Tight Spreads: Trade with spreads from as low as 0.0 pips on major currency pairs.
No Markups: FP Markets does not add any markups to the spreads, ensuring you get the best possible prices.
Fast Execution: Trades are executed quickly and efficiently, reducing latency and slippage.
Transparency: See the raw spreads from our liquidity providers in real-time.
How do I open a Raw Spread Account?
To open a Raw Spread Account, simply fill out the online application form and provide identification documents and proof of address as part of the verification process.
What is the minimum deposit requirement for a Raw Spread Account?
The minimum deposit requirement for a Raw Spread Account is $1,000.
Are there any commission fees?
Yes, a commission fee of $3.50 per lot per side is applicable on Raw Spread Accounts. This fee is charged on top of the raw spread.
Can I trade all instruments on the Raw Spread Account?
The Raw Spread Account offers trading on Forex, Indices, and Metals. However, some instruments may not be available for trading due to liquidity constraints.
Is the Raw Spread Account available on all platforms?
The Raw Spread Account is available on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
How do I fund my Raw Spread Account?
You can fund your Raw Spread Account using a variety of payment methods, including credit/debit cards, bank transfers, and online payment providers.
The Raw Spread Account is suitable for experienced traders who are familiar with trading with tight spreads and low latency. It may not be suitable for beginners or traders who are not comfortable with high-risk trading environments.
How do I contact FP Markets for support?
You can contact FP Markets’ support team via phone, email, or live chat. Our support team is available 24/5 to assist with any queries or issues you may have.
