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FP Markets Fund Withdrawal Process

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.

Updated : September 27, 2022

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FP Markets Fund Withdrawal Process

Fund Withdrawal Step by Step

FP Markets Fund Withdrawal Process

Detailed Withdrawal Information

FP Markets Fund Withdrawal Process

Terms and Conditions

FP Markets Fund Withdrawal Process

Pros and Cons

FP Markets Fund Withdrawal Process

Final Verdict

FP Markets Fund Withdrawal Process

FAQ

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

63

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

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 Likewise, if the trader utilizes a bank wire transfer to deposit money, those funds must be withdrawn to the same bank account.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➡️ Once the first profits or funds have been withdrawn, traders can make the remaining withdrawals in the same order as their initial deposits.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 cardAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AEDInstant1 business day
Debit CardAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, AEDInstant1 business day
Bank TransferAUD, USD, EUR, GBP, SGD, HKD1 business day1 business day
NetellerAUD, CAD, CHF, EUR, GBP, JPY, INR, BRL, SGD, USDInstant1 business day
PayTrustAUD, CAD, EUR, GBP, INR, USD, BRLInstant1 business day
SticpayMYR, IDR, VNDInstantWallet: Instant
Bank Wire: 1 – 5 days
FasapayJPY, EUR, GBP, USD, HKD, TWD, KRW, SGDInstant1 business day
Virtual PayUSD, IDRInstant1 business day
Rupee PaymentsINRInstant1 – 2 business days
DragonpayPHPInstant1 business day
Perfect MoneyUSDInstant1 business day
Cryptocurrency (LetKnowPay)ADA, BCH, BTC, DASH, ETH, LTC, PAX, XRP, TUSD, USDC, USDT (ERC20), USDT (TRC20), ZECUp to 1 hour1 business day
Rapyd Bank TransferBRL, MXN, COP, CLPInstant1 business day
Rapid TransferEUR, DKK, SEK, HUF, GBP, PLN, NOKInstant1 – 2 business days
FinraxBTC, ETH, LTC, XRP, BAT, BNT, CVC, ENJ, FUN, LINK, MITH, MTL, OMG, REP, XLM, BCH, USDTInstant1 business day
MPSAINRInstant1 – 2 business days
NganluongVNDInstant1 business day
XPAYIDR, MYR, THB, VNDInstant1 business day
Broker to BrokerAUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD1 business day1 business day
Domestic Bank WireAUD1 business day1 business day
International Bank WireAll except AUD1 business day1 business day
MPSAINRInstant1 – 2 business days
FairPayBRL, CLP, COP, CRC, GTQ, MXN, PEN, USD1 business day1 – 2 business days
LuqaPayTRYInstant1 business day
PagsmileBRL, CLP, COP, PEN, MXN, USDInstant1 business day

Fund Withdrawal Terms and Conditions

FP Markets Review Deposits And Withdrawals

👉 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 jurisdictionsThere are no variable spreads
There are more than 1,250 trading instruments available across financial marketsThere is only one retail and one professional account
There are several useful trading tools offered to advanced tradersThere are inactivity fees charged on dormant accounts
There is a choice between innovative and powerful trading platformsThere are currency conversion fees that may apply
AvaTrade offers competitive trading conditions to Kenyan tradersThere 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.

FAQ

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.

9.7/10 - (17 votes)