FPMarkets Raw Account – This Australian regulated broker has gained popularity mainly due to its “0” spread trading facility. This broker is very popular among those who like to do scalping and also has a lot of reliability due to its ASIC & CySEC regulation. The popularity of this broker is also increasing in Bangladesh, and many people want to know about this broker. For more details, please see the FP Markets section of our Broker segment.
FP Markets allows traders to register different types of trading accounts depending on the facility and you can register one or more trading accounts at your convenience. We have already discussed its Standard trading account and today we will discuss one of its most favorable and popular trading accounts named “FPMarkets Raw Account”. We will discuss some information about this type of account with you today. So let’s get started.
What the heck is spread?
FPMarkets is very popular for its spread. We hope, you understand what the heck is spread. Do you know? If you do not! let’s learn it first.
This is basically when you take an entry, the entry is open with some early losses. Hope you know it. The spread is the amount of loss that opens when any new position is taken. Brokers earn money through this spread. In simple words, the broker manages all its expenses through the spread received from your trade. In a word, this spread is the source of income for the broker.
Now the amount of spread in Brokerage is one of a kind. It has no definite boundaries. For example, if you trade on an OCTAFX broker, they have a spread of up to 12-18 pips, which means that if you take 1 standard lot entry, your trade will start at a loss of about 12-18 pips.
So, we can say that spread is a loss for traders. The higher the amount of spread in the broker, the higher the amount of loss in your trade. Since the position of the trade will start with more losses, it relates to your overall trading loss.
FPMarkets Raw Account Advantages
Now suppose you start trading in a broker in which your spread for the entry of 1 standard lot is 12 pips and after taking the entry, your entry will start at a loss of about $12. Now suppose you go to FPMarkets broker to take an entry and you see that the spread for 1 standard lot is 0 pips then you will not encounter any early trading losses. Now think, which is convenient for you?
Do you prefer to start trading with a 12-15 pips broker or you like to start trading with FPMarkets Raw Account to get the full advantages of having “0 Spread”
Of course, Lower Spread !
We hope you understand the idea of spreads and you have decided which one is best for you. The biggest reason for the popularity of this broker is its “low spread facilities“.
Compared to other brokers, the spread in this trading account starts from “0 pip” but it will continue to change over the price movement in the market. However, according to our trading experience, most of the time this spread will be around 0-1 pips. Since the spread is low, it will not take long for your trade to turn a profit. We hope you understand how low spread can be more profitable for real trading.
|FPMarkets RAW Account Summary|
|Account Types||Standard Account|
|Spread Starts from||0 pip|
|Hedge & SWAP Free||Applicable|
|Order Execution||ECN Execution|
FPMarkets RAW Account-Related FAQ
- Q: I have already registered with this broker. Can I open this spread account now?
A: Of course, you can. Please login to your client cabinet and from there go to the account section. Then you will get the benefit of registering this account. You do not have to re-register for this. Learn more on the broker’s website – www.fpmarkets.com
- Q: What kind of commission will charge?
A: $3/lot for each side. Here 1 standard lot means = 100,000 unit
- Q: What are the restrictions of any position?
A: No. You can trade any amount of lot you want.
- Q: Is scalping allowed?
A: Of course, you can. The FPMarkets RAW Account is primarily for those who like to trade scalping. Since the amount of spread is low and less spread will always be beneficial for short-term entries.
- Q: Are there any additional restrictions?
A: No! You can trade like your existing trading account.
For your convenience, We are presenting a difference between this broker’s accounts side by side
|Spread||Starts from 1 pip||Starts from 0 pip|
|Instruments||50+ FX pairs, Metals, Indices, Commodities||50+ FX pairs, Metals, Indices, Commodities|
|Execution||ECN System||ECN System|
|Registration||Standard Account||RAW Account|
Summary: Many people are interested in taking a large number of entries, Just like scalping or day trading for those we suggest this type of trading account. All you have to do is deposit at least $100 as a condition and you are good to go. Please visit the broker’s website for detailed information regarding this trading account. Link www.fpmarkets.com and for those who are looking for a reliable broker, consider reading FPMarkets Review first.
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