Fees and Charges

Transaction Costs

FP Markets provides 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
Eurex DAX (FDAX), SMI (FSMI), 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

Foreign Exchange

Exchange Commission per Side
FX 0 (built into the spread)

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 rewards high volume traders by providing discounted commission rates.

Platforms

1. IRESSTrader ($55 per month Incl. GST)

IRESS Trader is a multi-product platform which is a dynamic, real-time trading platform.

Benefits of IRESS Trader:

  • Real-time, streaming market data for underlying markets such as Australian and international equities and futures
  • Easy to use, fast and reliable
  • Range of indicators and drawing tools, historical data and advanced charting
  • Tailor IRESS Trader on your desktop to suit your layout preferences
  • Enjoy alert capabilities and underlying market overviews

*Trade 15 times or more per calendar month to 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 $20 (plus GST) per month though will be rebated if you trade 5 times or more per calendar month or generate $50 in commissions (in our ASX CFD contracts).

2. IRESS Investor (Free)

IRESS Investor is a simple to use, browser-based trading and underlying market information platform, which offers access to CFDs on Australian and International equities and futures. This platform offers you the choice of either live streaming data or data on a refresh basis.

Benefits of IRESS Investor:

  • Choice of real-time, streaming or refresh underlying market data
  • Browser-based making it compatible with any devise
  • Quality charting, company news and easy to use order management system.
  • Fast, easy to use and reliable
  • World Market Map

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

*Live streaming ASX data costs $20 (plus GST) per month though will be rebated if you trade 5 times or more in any calendar month in our ASX CFD contracts. Alternatively, this platform offers ASX data on a refresh basis free of charge to all clients.

3. IRESS Mobile (Free)

IRESS Mobile application enables you to place an order and stay informed about the underlying markets wherever you are.

Benefits of IRESS Mobile:

  • Trade CFDs from your mobile devices
  • Obtain quotes (including seeing underlying market depth) , news, charts and security information
  • View your portfolio at any time, including trade status and account valuation.
  • Create and save watch lists

*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 IRESS Investor platform, you will not be charged twice

4. MT4 Trading Platform (Free)

MT4 is an FX trading platform and covers an extensive range of currency pairs and also Metals and Index CFDs. This trading platform is free of charge for all clients.

Please see an outline of all the fees and charges relating to platforms and data on all exchanges offered and rebates that are applicable.

Exchange Fees – by Subscription

Monthly Exchange Royalties

Level 1

Level 1 – Rebate

Level 2

Level 2 -Rebate

Equity Exchanges Private Pro (Private)
Full Rebate  After
(Pro)
Full Rebate After
Private Pro (Private) Full Rebate of data fees After (Pro) Full Rebate of data fees After
ASX (AUD)

Only level 2 is available

Not applicable

20

65

5 Trades*

15 Trades*

HKE (HKD)

120

120

5 Trades*

5 Trades*

200

200

5 Trades

5 Trades*

SGX (SGD)

10

10

1 Trades*

1 Trades*

60

60

6 Trades*

6 Trades*

ETR (EUR)

40.7

220

10 Trades*

55 Trades*

Only level 1 is available

Not applicable

LSE (GBP)

4.1

40

1 Trades*

20 Trades*

6

157.5

5 Trades*

40 Trades*

NAS (USD)

1.1

25

1 Trades*

7 Trades*

Only level 1 is available

Not applicable

NYS (USD)

2.2

50

1 Trades*

10 Trades*

Only Level 1 is available

Not applicable

Futures Exchanges
SFE (AUD)

No Charge

Not available

Not applicable

Not applicable

No Charge

Not available

Not applicable

Not applicable

ERX (EUR)

8

31

3  Trades*

5 Trades*

Not available

Not available

3  Trades*

6 Trades*

CME (E-Mini Data Only – USD)

40

Not available

5 Trades*

Not applicable

40

Not available

5 Trades*

Not applicable

CME (USD)

Not available

85

1 Trades*

15 Trades*

Not available

85

1 Trades*

15 Trades*

CBT (E-Mini Data Only – USD)

20

Not available

3 Trades*

Not applicable

20

Not available

3 Trades*

Not applicable

CBT (USD)

Not available

85

1 Trades*

15 Trades*

Not available

85

1 Trades*

15 Trades*

 

 

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

3 Trades*

London Metal Exchange Live

19.8

5 Trades*

International Markets Indices Live (Requires IML)

18.7

5 Trades*

Reuters News

55

15 Trades*

DJ Aust News

55

15 Trades*

ASX Com News Live (PDS)

33

8 Trades*

Excel Addin

No Charge

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

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.

Long and Short CFD Position Interest Rate

  • Long Positions – FP Markets relevant currency base rate plus 2% – 4.5%.
  • Short Positions – Stock borrow fee’s may apply starting from 0.5% pa.

No interest is paid or received on positions that are not held overnight.

Dividends and CFDs

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.