FP Markets Fund Withdrawal Step by Step
Overall, FP Markets offers a simple fund withdrawal process for Kenyan Traders. FP Markets is a reliable multi-regulated online broker with no-commission trading and tight spreads. It has over 70 000 active Kenyan traders and has a verified trust score of 81% out of 100.
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
Pros and Cons
How to Withdraw Funds Step by Step
👉 Traders who want to withdraw funds from the trading account can follow these few steps:
➡️ To withdraw money, log in to the Client Area, click “Funding,” then “Withdraw,” and complete the withdrawal request.
➡️ If Kenyans have deposited 8,500 KES using a credit or debit card, there is a withdrawal restriction on their account. Likewise, if the trader utilizes a bank wire transfer to deposit money, those funds must be withdrawn to the same bank account.
➡️ Traders who fund their trading accounts using several methods must refund the same amount to each source of payment, with priority given to credit card payments.
➡️ Once the first profits or funds have been withdrawn, traders can make the remaining withdrawals in the same order as their initial deposits.
➡️ Traders could, with FP Markets’ consent, employ any of the other financing solutions to withdraw their trading account earnings.
Detailed Withdrawal Information for Traders
👉 FP Markets offers traders from around the world a wide range of withdrawal options in their local currency, which helps traders avoid costly transaction fees and currency conversion fees.
👉 Traders can consult the table below to see detailed information on deposit currencies, processing, and the average processing of withdrawals.
FP Markets Deposit Currencies, Deposit and Withdrawal Processing Times
|💻 Payment Method||💵 Deposit Currencies||💸 Deposit Processing||💰 Withdrawal Processing|
|Credit card||AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED||Instant||1 business day|
|Debit Card||AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AED||Instant||1 business day|
|Bank Transfer||AUD, USD, EUR, GBP, SGD, HKD||1 business day||1 business day|
|Neteller||AUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USD||Instant||1 business day|
|PayTrust||AUD, CAD, EUR, GBP, INR, USD, BRL||Instant||1 business day|
|Sticpay||MYR, IDR, VND||Instant||Wallet: Instant
Bank Wire: 1 – 5 days
|Fasapay||JPY, EUR, GBP, USD, HKD, TWD, KRW, SGD||Instant||1 business day|
|Virtual Pay||USD, IDR||Instant||1 business day|
|Rupee Payments||INR||Instant||1 – 2 business days|
|Dragonpay||PHP||Instant||1 business day|
|Perfect Money||USD||Instant||1 business day|
|Cryptocurrency (LetKnowPay)||ADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP, TUSD, USDC, USDT (ERC20), USDT (TRC20), ZEC||Up to 1 hour||1 business day|
|Rapyd Bank Transfer||BRL, MXN, COP, CLP||Instant||1 business day|
|Rapid Transfer||EUR, DKK, SEK, HUF, GBP, PLN, NOK||Instant||1 – 2 business days|
|Finrax||BTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XLM, BCH, USDT||Instant||1 business day|
|MPSA||INR||Instant||1 – 2 business days|
|Nganluong||VND||Instant||1 business day|
|XPAY||IDR, MYR, THB, VND||Instant||1 business day|
|Broker to Broker||AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD||1 business day||1 business day|
|Domestic Bank Wire||AUD||1 business day||1 business day|
|International Bank Wire||All except AUD||1 business day||1 business day|
|MPSA||INR||Instant||1 – 2 business days|
|FairPay||BRL, CLP, COP, CRC, GTQ, MXN, PEN, USD||1 business day||1 – 2 business days|
|LuqaPay||TRY||Instant||1 business day|
|Pagsmile||BRL, CLP, COP, PEN, MXN, USD||Instant||1 business day|
Fund Withdrawal Terms and Conditions
👉 For deposits and withdrawals, FP Markets does not impose any extra internal costs. Kenyans should note, however, that transfers to and from foreign financial institutions could incur separate intermediary transfer costs from either side.
👉 Kenyan traders are responsible for any bank costs, which FP Markets does not assume responsibility for. If Kenyan traders need additional assistance, they can visit the official FP Markets website or contact FP Markets 24/7 via live chat.
FP Markets Kenya Pros and Cons
|✔️ Pros||❌ Cons|
|AvaTrade is well-regulated in several jurisdictions||There are no variable spreads|
|There are more than 1,250 trading instruments available across financial markets||There is only one retail and one professional account|
|There are several useful trading tools offered to advanced traders||There are inactivity fees charged on dormant accounts|
|There is a choice between innovative and powerful trading platforms||There are currency conversion fees that may apply|
|AvaTrade offers competitive trading conditions to Kenyan traders||There is no KES-denominated account or local deposit and withdrawal options for Kenyans|
|There is an Islamic account option and a demo account|
|AvaTrade is trusted and has won several awards since its inception|
|There are several trading strategies that traders can use, and they have access to social trading opportunities|
Verdict on FP Markets
👉 Overall, FP Markets is very competitive in terms of its trading fees and spreads.
How long does a withdrawal from FP Markets take?
Withdrawals with FP Markets are either instantaneous or they can take a few days depending on your method and your bank’s internal processing time.
Can I withdraw in KES?
Yes, you can withdraw from FP Markets in Kenyan shilling when you use Virtual Pay.
Is FP Markets reliable?
Yes, FP Markets is a trusted broker with a decent trust score of 82%.
What does FP Markets do with my funds?
FP Markets keeps funds in segregated accounts with trusted, top-tier financial institutions in Australia.
Do I pay withdrawal fees when I deal with FP Markets?
Yes, you pay withdrawal fees when you withdraw using Virtual Pay. This fee is 2% of the overall transaction.