Fees and Charges
Transaction Costs
FP Markets provide access to over 9,000 DMA CFDs over Global Equities, Futures and FX at some of the lowest rates in the industry. Whatever your trading style, we offer a tailored account and transaction cost structure to suit your individual needs. Commission on individual products is charged according to the standard schedule below:
International Equity CFDs
| Country | Commission per Side | Minimum Charge |
|---|---|---|
| Australia | 0.10% | 10 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 NAS | 2 cents/share | 15 USD |
International Futures CFDs
| Exchange | Products Offered | Standard |
|---|---|---|
| SFE | ASX SPI200 (AP) | 15 AUD |
| NYSE Liffe | FTSE 100 (Z) | 10 GBP |
| Eurex | DAX (FDAX), SMI (FSMI) | 15 EUR |
| CME | E-Mini S&P500 (ES) | 15 USD |
| CBT | E-Mini DOW (YM) | 15 USD |
Foreign Exchange
| Exchange | Commission |
|---|---|
| FX | Spreads from 1-2 pips |
GST is not applicable on CFD transactions.
Telephone Trades
FP Markets do not charge additional commission for orders placed over the phone.
High Turnover Trades
FP Markets reward high volume traders with discounted commission. If you are a high volume trader and would like an FP Markets representative to contact you to discuss tailoring a commission structure based on your turnover level please call 1300 376 233
webIRESS platform
webIRESS is a web based institutional platform provided to FP Markets by IRESS Market Technology. The standard monthly charge for accessing the webIRESS platform is $55 inclusive of GST. The monthly exchange royalty fees for access to live exchange data can be viewed below. We offer a flexible pricing structure to make it easier for you to access our platforms free of charge.
Exchange Fees - by Subscription
Monthly Exchange Royalties
| Exchange | Level 1 (Non-Pro) inc. GST |
Level 2 (Non-Pro) inc. GST |
Level 1 (Pro) inc. GST |
Level 2 (Pro) inc. GST |
|---|---|---|---|---|
| ASX | N/A | 38.5 AUD | N/A | 49.5 AUD |
| HKE | 132 HKD | 220 HKD | 132 HKD | 220 HKD |
| SGX | 11 SGD | 66 SGD | 11 SGD | 66 SGD |
| LSE | 5 GBP | 7 GBP | 41 GBP | 173 GBP |
| ETR | 17 EUR | 22 EUR | 62 EUR | 75 EUR |
| NAS | 1.1 USD | N/A | 22 USD | N/A |
| NYS | 2.2 USD | N/A | 34.95 USD | N/A |
| SFE | N/A | 49.5 AUD | N/A | 49.5 AUD |
| LIF | 1.1 EUR | N/A | 37.4 EUR | N/A |
| ERX | 8.8 EUR | N/A | 27.5 EUR | N/A |
| CME | 67.10 USD | 67.10 USD | 67.10 USD | 67.10 USD |
| CBT | 67.10 USD | 67.10 USD | 67.10 USD | 67.10 USD |
Monthly News and Additional Data Royalties
| News and Additional Data | Monthly Royalties incl GST |
|---|---|
| International Markets Live | 11 AUD |
| London Metal Exchange Live | 19.8 AUD |
| International Markets Indices Live | 18.70 AUD (requires IML) |
| Reuters News | 55 AUD |
| DJ Aust News | 55 AUD |
| ASX Com News Live (PDS) | 33 AUD |
| Excel Addin | Free |
| ASX Mobile Data subscription | Free |
webIRESS Platform & Royalty Fees Rebate Scheme
To be eligible to have your webIRESS platform fees waived, you need to generate $100 (AUD equivalent) commission per month. This includes access to and mobile platforms for iPhone and BlackBerry plus complimentary trading tools such as Autochartist free when you generate only $100 AUD commission per month. The FP Markets platform and royalty rebate scheme can be viewed below.
FP Markets Platform And Royalty Rebate Scheme
| Monthly Commission ($ AUD) | Rebate ($ AUD) |
|---|---|
| 0-100 | 0 |
| 100-999 | 93.5 (max) |
| 1000+ | $1 platform and exchange data rebate for every $5 generated. Capped at $300. |
Financing
A financing cost or benefit is incurred for any CFD positions held overnight. The finance rate is applied to the full 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 value of CFD positions held overnight, 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 positions held overnight 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.
Long and Short CFD Position Interest Rate
- Long Positions - FP Markets relevant currency base rate plus 2% - 4%.
- Short Positions - FP Markets relevant currency base rate minus 2% - 4%
No interest is paid or received on positions that are not held overnight.
Dividends and CFDs
If you hold a long CFD position 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.