FP Markets – Minimum Deposit

FP Markets – Minimum Deposit

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FPMarkets Minimum Deposits

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Our FP Markets Minimum Deposit Revealed:

 

Minimum Deposit

FP Markets has a minimum deposit requirement of AU$100.

 

This is equivalent to 1,100 ZAR at the average exchange rate between the Australian Dollar and the South African Rand. Under the strict regulation of ASIC and CySEC, FP Markets holds all client funds in segregated accounts with top tier banks separate from the broker account.

 

FP Markets is prohibited from using client funds for operational purposes or to fulfil its financial obligations. In addition, traders must ensure that client funds are withdrawable by clients without a delay at any given time.

 

Deposit fees and deposit methods

FP Markets does not charge any deposit fees according to the official website, but blockchain fees could be applicable when using crypto payments. When traders pay the minimum deposit amount of 1,100 ZAR, they can use any of the following payment methods:

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Neteller
  • Skrill
  • PayTrust (Local Bank Transfer)
  • Sticpay
  • Fasapay
  • Broker to Broker
  • South American Payment Method
  • Dragonpay
  • Perfect Money
  • Asian, African, and Latam Payments
  • MPSA
  • Cryptocurrency Payments
  • FairPay eWallets
  • Paylivre
  • Finrax
  • Thai Payments

 

When traders deposit the minimum deposit, they can use the following deposit currencies:

  • AUD
  • CAD
  • CHF
  • EUR
  • GBP
  • HKD
  • JPY
  • NZD
  • SGD
  • USD
  • INR
  • BRL, and several others.

 

Step by step guide to depositing the minimum amount

To make the minimum deposit payment, traders can follow these steps:

 

  • Traders can log into their secure client portal.
  • On the left bar, traders can select “funding” followed by “deposit”
  • Traders can select the trading account that they want to fund and select “submit”.
  • Traders must note that the minimum deposit on MT4/5 accounts is AU$100 while the minimum deposit for Iress accounts starts from AU$1,000 upwards.
  • To deposit funds into the Iress trading account, traders must log into their Iress account from where they can access the deposit options.
  • Traders must note that it can take up to five business days to receive international transfers that are made to a trading account.
  • Any funding issues that are experienced typically originate from the bank or country restrictions.
  • Traders must note that FP Markets prohibits payments from third parties and unknown sources.
  • FP Markets only accepts payments from the named trading account holder.
  • Funds that are deposited into the trading account must reflect the same name that the trader used when they registered their FP Markets trading account.

 

Pros and Cons

PROS CONS
Flexible funding options to choose from US clients are not accepted
Wide range of deposit currencies to choose from
Deposit fees are not charged
Low minimum deposit amount

 

You might also like: FP Markets Account Type

You might also like: FP Markets Demo Account

You might also like: FP Markets Fees and Spreads

You might also like: FP Markets Islamic Account

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FAQ

What is the minimum deposit required to open an account with FP Markets?

AU$100.

 

How do you make a deposit and withdraw money with FP Markets?

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Neteller
  • Skrill
  • PayTrust (Local Bank Transfer)
  • Sticpay
  • Fasapay
  • Broker to Broker
  • South American Payment Method
  • Dragonpay
  • Perfect Money
  • Asian, African, and Latam Payments
  • MPSA
  • Cryptocurrency Payments
  • FairPay eWallets
  • Paylivre
  • Finrax
  • Thai Payments

 

Does FP Markets charge withdrawal fees?

Yes, FP Markets charges the following withdrawal fees:

  • International Bank Wire other than AUD – 10 AUD
  • Neteller – 2% up to 30 USD in addition to country fees
  • Skrill – 1% and country fees
  • Fasapay – 0.50%
  • PayTrust – 1.5%
  • Dragonpay – 1.5%
  • Perfect Money – 0.5%
  • Asian, African, and Latam Payments – 2%
  • Cryptocurrency Payments – Blockchain fees
  • MPSA – 7.25%
  • FairPay – 0.5% plus an additional flat fee of 10 USD
  • Paylivre – 1.5%
  • Finrax – Blockchain fees
  • Sticpay – 5% for bank wire and 2.5% for wallet fees
  • Thai Pay – 0.5%

 

How long does it take to make a withdrawal?

This will depend on the payment method that traders use. Some payments can be instant while others, such as conventional bank transfers, can take a few days.