IC Markets
FP Markets Spreads: Standard vs Raw Averages on Forex, Gold and Indices
FP Markets publishes average spreads for both its accounts. In September 2026, EUR/USD averaged 1.2 pips on Standard and 0.1 pips on Raw, with gold at 0.25 and 0.11. Here are the numbers, what they cost per trade and when spreads widen.
WriterAbir KhanWriterWrites the guides · checks every figure against primary sources View profileAbout Abir →
Co-writerJannatul FerdaushWriterRisk and broker-safety guides · Applied Statistics, University of Dhaka View profileAbout Jannatul →
Market analysisTanbir Habib RiyadCo-Founder & TraderCo-founder · forex trader · technical and fundamental analysis View profileAbout Tanbir →
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FP Markets publishes typical spreads for every instrument on its spreads page, side by side for its Standard and Raw ECN accounts. Its September 2026 table showed EUR/USD averaging 1.2 pips on Standard and 0.1 pips on Raw, where the minimum was 0.0. FP Markets says spreads on MetaTrader are variable, quoted from major international financial institutions, and can go as low as 0.0 pips in liquid times.
Averages tell you more than the 'from' figure, so they are the right numbers to compare.
| EUR/USD average | 1.2 Standard / 0.1 Raw |
|---|---|
| GBP/USD average | 1.51 / 0.41 |
| USD/JPY average | 1.46 / 0.37 |
| Gold (XAU/USD) average | 0.25 / 0.11 |
| Raw commission | US$3 per lot per side |
| Spread type | Variable |
Major pairs
| Pair | Standard avg | Raw min | Raw avg |
|---|---|---|---|
| EUR/USD | 1.2 | 0.0 | 0.1 |
| GBP/USD | 1.51 | 0.0 | 0.41 |
| USD/JPY | 1.46 | 0.1 | 0.37 |
| AUD/USD | 1.47 | 0.0 | 0.37 |
Figures in pips from FP Markets' spreads page, September 2026.
Metals and indices
| Instrument | Standard avg | Raw avg |
|---|---|---|
| XAU/USD (gold) | 0.25 | 0.11 |
| XAG/USD (silver) | 0.05 | 0.04 |
| XAU/EUR | 0.43 | 0.25 |
FP Markets also lists index spreads, such as 0.25 on the US500. Metals and index spreads are quoted in price units rather than pips, so compare them like for like.
Exotic pairs
Exotic pairs have much wider spreads because they trade less. FP Markets' table shows, for example, USD/ZAR averaging 41.9 on Standard and 31 on Raw, and USD/THB far wider again. Trade exotics only when the expected move justifies the cost.
Turning spreads into cost
A pip on one standard lot of EUR/USD is worth about US$10. On Standard, a 1.2-pip average costs about $12 per lot. Raw's 0.1-pip average costs about $1, plus the US$6 round-turn commission, about $7 in total.
| Trade size | Standard cost | Raw cost |
|---|---|---|
| 0.10 lot | About $1.20 | About $0.70 |
| 1 lot | About $12 | About $7 |
| 5 lots | About $60 | About $35 |
Our FP Markets fees guide adds swaps and other charges.
When spreads widen
- In low liquidity, such as the daily rollover around 00:00 server time and the weekly open.
- During high volatility and major news releases.
- On minor and exotic pairs at all times.
- Around holidays, when fewer participants are trading.
FP Markets notes that spreads move with market conditions, so its averages are a guide, not a guarantee.
Where to see live spreads
In MetaTrader, the Market Watch window shows the live bid and ask, and you can add a spread column. Charts show the bid price; to see the ask, right-click the chart, choose Properties, then Common, and tick Show Ask Line. On a Raw account on the FPMarkets-live server, Raw symbols carry a .r suffix.
Choosing an account by spread
For anyone trading majors or gold regularly, the Raw account's average spread plus commission comes out cheaper than Standard. Standard's single built-in cost suits traders who prefer simplicity or trade very small sizes. Our FP Markets account types guide compares both.
How FP Markets prices
FP Markets describes its pricing as Raw: quotes stream from its liquidity providers with no interference from it, and there are no requotes. Its servers in Equinix NY4 and LD4 aim to keep execution fast. Compare with a similar raw-spread broker in IC Markets vs FP Markets.
More pairs from FP Markets' table
| Pair | Standard avg | Raw avg |
|---|---|---|
| AUD/CAD | 1.36 | 0.56 |
| AUD/CHF | 1.69 | 0.59 |
| NZD/CAD | 1.77 | 0.97 |
| CAD/CHF | 1.31 | 0.51 |
| USD/SGD | 1.65 | 0.85 |
Figures in pips, September 2026. Crosses cost more than majors on both accounts, but the gap between Standard and Raw stays at roughly one pip.
Spreads and trading style
- Scalpers: Raw, since tiny spreads matter on short targets; FP Markets allows scalping.
- Day traders: Raw on majors and gold during London and New York hours.
- Swing traders: spread matters less than swaps; check both.
- Occasional traders: Standard's single cost is easier to track.
Index and other CFD spreads
| Instrument | Average spread |
|---|---|
| US500 | 0.25 |
| USDX (dollar index) | 0.04 |
| VIX | 0.21 |
Index CFDs carry no commission on either account, so the spread is the full trading cost.
A year of trading costs
| Monthly EUR/USD volume | Standard per year | Raw per year |
|---|---|---|
| 5 lots | About $720 | About $420 |
| 20 lots | About $2,880 | About $1,680 |
Estimates use FP Markets' September 2026 averages and exclude swaps.
Reading FP Markets' spread table
FP Markets' table shows three numbers for each instrument: the Standard account average, the Raw account minimum and the Raw account average. FP Markets says typical spreads are shown, and that they vary with market conditions. The minimum is what you might see in the quietest, most liquid moments; the average is what you should plan around.
When comparing brokers, compare like with like: Raw average plus commission against another broker's raw spread plus commission, or Standard average against another broker's commission-free account. Comparing one broker's minimum with another's average is the most common mistake traders make.
Spreads are only part of the cost on longer trades. A position held for a week can pay more in swaps than in spread, so for swing trading, check each pair's swap rate under Specifications as well as its average spread.
FP Markets' spread table is worth reading properly: the averages, not the 0.0 minimum, are what you'll pay most of the time. On EUR/USD, a 0.1-pip Raw average is genuinely tight.
Siddharth compared FP Markets' averages before opening an account. Trading about 10 lots of gold a month, he worked out Raw would cost noticeably less than Standard, chose Raw, and checked the live spread in Market Watch before each entry around the London open.
Frequently asked
What is the FP Markets spread on EUR/USD?
FP Markets' September 2026 table showed an average of 1.2 pips on Standard and 0.1 pips on Raw, with a Raw minimum of 0.0.
Are FP Markets spreads fixed?
No. FP Markets says its MetaTrader spreads are variable.
What is FP Markets' gold spread?
XAU/USD averaged 0.25 on Standard and 0.11 on Raw in FP Markets' September 2026 table.
Which FP Markets account has lower spreads?
Raw, from 0.0 pips, though it adds a US$3-per-side commission. Standard includes a markup of about 1 pip.
Why does my chart show a different price from my fill?
MetaTrader charts show the bid price. Buys fill at the ask, which you can show with Show Ask Line in chart properties.
When are FP Markets spreads widest?
Around the daily rollover, the weekly open, major news and on exotic pairs.
Does FP Markets allow scalping?
Yes. FP Markets allows scalping and hedging, with no minimum stop distance.
Where can I see FP Markets' average spreads?
On the spreads page of its website, which lists Standard and Raw averages by instrument.
Do FP Markets index CFDs have commission?
No. Indices, commodities and crypto carry no commission on either account.
What does the Raw minimum spread mean?
The lowest spread FP Markets recorded in the period; the Raw average is a better guide to what you'll pay.
Are FP Markets gold spreads tight?
Its September 2026 table showed XAU/USD averaging 0.25 on Standard and 0.11 on Raw.
Do FP Markets spreads widen at rollover?
Yes, around 00:00 server time liquidity thins and spreads usually widen.
Do Raw spreads include a markup at FP Markets?
No. FP Markets says Raw accounts have no markup on the spread and charge a US$6 round-turn commission instead.
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