Help Center - Trading
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You can download the terminal by logging in to your Client Area here: https://portal.fpmarkets.com/downloads/mt4-platform. We also have a short tutorial video to assist you: https://www.youtube.com/watch?v=z-ggK3yEFqg << embed video in Answer
Open your trading platform and select File – Login to Trade Account. You then need to enter your account number, password and select the relevant server. We have a short tutorial video to assist you here: https://www.youtube.com/watch?v=05xgH-GY1dk
MT5 is the successor of the MT4 platform and has far superior functions and technology to MT4. Although MT4 is more popular at the moment (due to length of time available on the market), eventually MT5 will completely replace it.
Software is available for both Windows and Mac desktop computers. Apps are also available for mobiles and tablets.
Yes, all pricing on the MT4 and MT5 platforms is live with no delays.
No, both MT4 and MT5 are offered completely free of charge
Yes, the Webtrader is an online version of the MT4 and MT5 platforms, you can access it via this link: https://www.fpmarkets.com/webtrader/
The charts will always display the bid price. In order to see the Ask price, right click in the Chart and select Properties – Common and check the ‘Show Ask Line’ box.
The server time on the platform is either GMT + 2 or GMT + 3 depending on Daylight savings. This ensures the daily candles can follow the NY close times.
Open your platform and select File – Open Data Folder – MQL4 – Experts and then paste the .ex4 file. When you close and reopen the platform your EA should then show in the Navigator window under ‘Expert Advisors’.
Ensure ‘AutoTrading’ is enabled on your top toolbar. Drag the EA over from the Navigator Window to your chart, and under the ‘Common’ tab make sure ‘Allow Live Trading’ is checked. If your EA is successfully attached you will see a smiley face icon in the top right corner of your chart.
Select Tools – Options – Server tab and then select the ‘Change’ option next to the password.
Hover your mouse over the account number in the Navigator window, and it will show your balance and leverage.
Select the ‘Account History’ tab and then right click and select ‘Custom Period’. Enter the dates you want the statement for and then select ‘OK’. Then right click again and select ‘Save As Report’. Your statement will then open as an HTML file.
Select Tools – History Centre and then select the instrument you want the data for. Then select the time frame and select Download. This will then download any available data to your chart. Please note, the data will not go as far back in time for the smaller time frames as it will for the higher time frames. Also note that all additional data comes from the MQ database, and we are not able to provide any further data.
First find your Metaquotes ID number from your mobile app (you will see it under Settings – Chat and Messages). Open your trading platform and select Tools – Options – Notifications and tick the ‘Enable Push Notification’ box. Then enter your MQID. You will see you have a Test option to make sure you receive the notification to your mobile.
Drag the indicator over from the Navigator window onto your chart and it will automatically fix to the chart.
Double click on the instrument you wish to trade in the Market Watch Window and the New Order window will appear.
Please visit our Live Chat or email our support team (support@fpmarkets.com) with the amount you wish to deposit and we will take care of it for you
Provided you use your demo account regularly it will not expire. If you do not use the demo account for more than 30 days it will automatically expire, and we will not be able to reactivate it.
The IRESS platform is Australia’s primary equities trading platform.
Please use the following link, and enter your login credentials which you should have received via email https://www.fpmarkets.com/iress-login/
Our support team will need to do this for you, please reach out to them (support@fpmarkets.com)
The IRESS investor platform is available for free, click and refresh pricing. The most popular is the IRESS Viewpoint (successor of IRESS Trader).
The IRESS investor platform is available for free, click and refresh pricing, or with a $22 per month fee for live price streaming. The Viewpoint version has a monthly fee of $55 + $22 for the live streaming. We will waive these fees should you generate more than $200 in commission in any calendar month.
We provide 20 minute delayed prices to all markets free of charge for end of day style trading, however you can also pay a monthly fee for live pricing.
Yes, we have a demo version available, please apply via the following link: https://portal.fpmarkets.com/demo/register
Yes, you can visit the following links to check margin rates and short sell availability on various markets. https://www.fpmarkets.com/about-us/cfd-short-sell-and-margin-table-list/ If you have access to a live platform you can also extra a list from the margin table section of the platform itself.
We have three account sizes, 1-25K, 25K to 50K and 50K plus. This corresponds to 0.10% with a $10 minimum, 0.09% with a $9 minimum and 0.08% with no minimum, this applies for all ASX trading.
This is when your Gross Liquidation Value (GLV) falls to 50% of your margin requirements. Stop out is not an automated process on the IRESS platform, instead it is managed by our risk team who will contact you if required.
Forex is set to 1:200. For stocks the leverage is based on the particular characteristics of the stock in question. Usually large cap stocks are on 5% to 20% margin rates.
Depending on the time of day we receive your application, we may be able to build your account the same day. If we receive the application later in the day, it will be done the next business day for you.
Unfortunately not, the IRESS platform is only available via your Browser.
Unfortunately this is not possible, as there are some stocks that are too risky to offer leverage on but we will allow you to trade them. You will still be charged financing on these positions even though you are not utilising leverage.
The trades widget in iress will allow you to pull 3 months worth of trade data only, no commission or charges. FP Markets provides a daily, monthly and tax year end statement to all clients via a PDF email attachments. Custom spreadsheets can be provided upon request to accounts@fpmarkets.com or through the client portal.
Yes, you can find the app either in the Apple App Store, or the Google Playstore
This message is coming directly from your PC, unfortunately we would not have your proxy server details our side. You may at one time have installed a proxy server on your computer to access Websites etc.
This means one or more of the login details are incorrect. Please go back to the main login window and ensure your account number and password are correct. If you are copying and pasting the password, please make sure you are not copying an extra space over at the end). Invalid account could also mean an expired demo or an archived live account.
This means the platform was not able to connect to the FP Markets trading server. Please go back to the main login window and make sure you are selecting the correct server from the drop down box.
Please right click in the Market Watch window and select ‘Show all’.
This usually means you are logging in with the Investor (Read Only) Password. To be able to trade, you need to login to your account with the Master Password, which is the one you received in the first email from us. If you no longer have it, you can reset the password via your Client Area.
You will receive this message if the platform is trying to perform two actions at the same time, to resolve please close and reopen your platform.
Please ensure you are using a stable internet connection, not public WiFi etc. Please also ensure you have only loaded your charts with what is necessary for your trading (ie have the minimum amount of indicators etc). You can also try removing symbols you are not trading from the Market Watch, and only having the minimum number of charts open.
It happens sometimes (after Windows update or after MT4 update). We suggest you to make a backup and save your MT4 Templates on your PC: Charts – Template – Save Template. You can upload your saved templates in the following way once they are missing: Charts – Template – Load Template
Please ensure your ‘Allow AutoTrading’ button at the top of your platform is selected and showing Green. Also, from the Tools – Options – Expert Advisors window, make sure the top ‘Allow Automated Trading’ is ticked. If this still doesn’t work, reload the EA, and under the ‘Common’ tab make sure ‘Allow Live Trading’ is also ticked there.
Make sure you find the correct symbols for your account. For example, if you are trading on a Raw account, make sure the symbols have .r at the end.
Apple security settings will only allow installation of applications directly from the Mac store. Try going to System Preferences – Security and Privacy, and then on the ‘General’ tab select the lock icon in the bottom left corner. This will unlock the General Preference pane, and you can select ‘Anywhere’ from the menu.
Please make sure you change all your FP Markets passwords immediately. If you need to change your email address please send the request to onboarding@fpmarkets.com and they will take care of it for you.
This error message usually appears if it is outside trading hours, or the instrument is no longer available to trade.
This means the trade requires a higher margin that what is available in your free margin. You may reduce the lot size, increase your leverage or add funds to your account.
On our MT4 and MT5 accounts we offer CFDs in Forex, Commodities, Metals and Indices. You can see a full list of available products here: https://www.fpmarkets.com/products/forex-trading/forex-products/.
CFD stands for ‘Contract for Difference’. When trading CFDs you are trading based on price speculation only, and you are not taking physical ownership of the underlying instrument.
The Forex market is open 24 hours a day, 5 days a week.
We offer true ECN pricing on our MT4 and MT5 accounts. This means pricing is streamed directly from our LPs with zero interference from our side. Our IRESS accounts offer direct market access (DMA) to over 1,000 equities.
We source our prices directly from a range of leading financial institutions, including HSBC, BNP Paribas and Commerzbank. All our LPs can be found on our homepage (https://www.fpmarkets.com/)
The bid price is the price at which you will place a sell order, and the ask price is the price at which you will place a buy order. The difference between these two prices is the spread.
Since we offer true ECN pricing we are not able to guarantee stop losses. All orders are filled at the first available price in the market once they have been triggered.
Yes, we offer true ECN pricing. This means pricing is streamed directly from our top-tier liquidity providers (LPs).
There is zero commission on the Standard account, starting from 1.0 pip mark up on the spread. Raw account spreads start from 0.0pip, and a 6 USD round turn commission.
Yes, we have a trade desk who are responsible to monitor our risk and exposure etc. Since we offer true ECN pricing, there is no dealing desk intervention or re quotes with any of your trades.
Yes. Micro lots are available to all MT4 and MT5 account types.
This will depend on the instrument you are trading. For Forex, the maximum lots size is 50 per trade.
We do not place any restrictions on the amount of orders you can have open (including pending orders).
We offer leverage from 1:1 up to 1:500, depending on your preference, the instrument you are trading and your account size.
As per our risk policy, leverage is offered to clients based on their available equity. Please check the following link for the specific details: https://www.fpmarkets.com/products/forex-trading/leverage/
Our spreads vary, however on Forex they start from zero pips. You can see all our spread information in the following link: https://www.fpmarkets.com/products/forex-trading/forex-spreads/
When your margin level falls to 100% you will be in margin call, and we will attempt to contact you via email to inform you. Stop out is at 50% margin level, and trades will be automatically closed starting from those with the largest loss.
Yes, we allow both strategies.
Yes, we allow the use of Expert Advisors (EAs)
Yes, if you trade more than 10 lots on a standard account or 20 lots on a raw account, we will sponsor a VPS with Liquidity Connect for you.
We do not have a specific platform for trade copying, however you can follow signals via the ‘Markets’ tab in the Terminal Window.
In terms of functionality the demo and real accounts are the same. Please note however that trades placed on a demo account are not sent to the market for execution, and therefore you may receive faster fills or less slippage.
We do not place a minimum level for your stop loss/take profit or pending orders. You can place these at any distance away from the current price
Yes, our dealing desk will be more than happy to take your instructions over the phone.
There are a variety of risk management tools and strategies available to traders, the most common being standard stop loss and limit orders. We will alway advise traders to thoroughly test their strategy before trading on a live account.
Yes, you can sign up for our daily technical analysis emails
Our servers are located in the NY4 Equinix Data Centre in New York, thereby providing clients with the fastest possible execution.
Swap is a form of interest that is applied to any positions that are held overnight. It can be either positive or negative, depending on what you are trading and the side of your position.
We base our swap rates on our own overnight funding costs available at our liquidity providers.
Right click in the Market Watch window on the symbol you wish to know the rates for, and select ‘Specifications’. You will then see the long and short swap rates if you scroll down. Note, the rates for Forex are displayed in points.
Positions that are held open over Wednesday night will incur a triple swap charge. This is to account for the settlement of trades over the weekend, where no swap rates are charged since the market is closed.
Swap is charged at 00:00 for any trades that are still open from the previous day.
Swap is calculated as: (pip value for 1 lot x No of lots x swap rate x number of nights)/ 10. Please note the answer will be in the quote (second) currency of the pair you are trading.
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