The growing interest in the long-term performance of pile foundations and their ability to resist the negative effects of water exposure and aggressive soils has led to considering non-corrosive materials such as fibre-reinforced polymer (FRP). The most common applications are light-bearing structures in waterfront environments, while applications for larger structures have not been widely accepted in industry due to the lack of long-term records and design guidelines available. Previous research has primarily focused on the load transfer of concrete-filled FRP tubes—making it difficult to quantify the performance of FRP as a piling material on its own. In this study, a numerical model using the finite element method was developed to simulate small-scale load tests of hollow carbon-fibre reinforced polymer (CFRP) and glass-fibre reinforced polymer (GFRP) piles in soft clay. Verification of the model was attained using results from axial and lateral load tests on small-scale hollow CFRP and GFRP piles and pile-soil interaction was modelled using experimental data from interface shear tests conducted at Carleton University. A parametric analysis was performed to investigate and determine the key factors that influence the axial and lateral load response of hollow FRP piles. The findings of this research indicate that the number of FRP layers impacts loading behaviour significantly, while inner tube soil height has a reasonable influence on axial load response and fibre orientation has a minor effect under lateral load conditions.