FXPesa Minimum Deposit Revealed ☑️ (Updated 2022)

 

The FXPesa minimum deposit amount required to register an FXPesa live trading account is R80 ZAR / $5. There are 2 accounts to choose from namely an Executive Account and Premier Account both with different minimum deposit amounts.

 

FXPesa at a glance

? Broker’s name	FXPesa
?️ Headquarters	Nairobi, Kenya
? Year founded	2019
⚖️ Regulating authorities	CMA, FCA
? Demo account	Yes
☪️ Islamic account (swap-free)	Yes
✴️ Segregated accounts	Yes
??‍?Managed accounts	Yes
? Maximum leverage	1:400
? Minimum deposit	R80 ZAR / $5
➕ Deposit options	Wire/Bank transfer Debit/Credit cards E-Wallet Mobile payments
➖ Withdrawal options	Wire/Bank transfer E-Wallet Mobile payments
? Platform(s) provided	FXPesa Mobile MyFXPesa MetaTrader 4 MetaTrader 5
? OS compatibility	iPhones, iPads, Multi-Terminal, and all Android devices.
?️ Tradable assets offered	Forex, Indices, Commodities, US Shares, UK Shares and EU Shares
? Languages supported on the website	English
? Customer support languages	Multilingual
⏲️ Customer service hours	24/6

 

 

FXPesa Minimum Deposit Review – 7 Key Point Quick Overview (2022):

1. FXPesa Minimum Deposit
2. FXPesa Deposit fees and deposit methods
3. A step-by-step guide to depositing the minimum amount
4. FXPesa Customer Reviews
5. FXPesa Pros and Cons
6. Conclusion
7. Frequently asked questions

 

FXPesa charges currency conversion fees. When traders deposit funds in currencies other than USD (the base account currency), they will face currency conversion fees on deposits and withdrawals.

 

FXPesa Minimum Deposit

 

? Account Features	? Executive Account	? Premier Account
? Minimum Deposit	R80 ZAR / $5	R1600 ZAR / $100
? Platforms offered	MetaTrader 4 FXPesa Trader MetaTrader 5	MetaTrader 4 FXPesa Trader MetaTrader 5
? Typical spreads	1.4 pips	0.0 pips
? Instruments available	62 currency pairs 6 precious metals 37 CFDS 240+ Shares	62 currency pairs 6 precious metals 37 CFDS 240+ Shares
? Maximum leverage ratios	Forex and Precious Metals – 1:400 CFDs – 1:200 Equities – 1:20	Forex and Precious Metals – 1:400 CFDs – 1:200 Equities – 1:20
⚖️ Fixed leverage	On MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs, and equities	On MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs and equities
⚖️ Dynamic leverage	On MetaTrader 5 on forex, precious metals, CFDs, and equities	On MetaTrader 5 on forex, precious metals, CFDs, and equities
⭐ Demo account	Yes	Yes
? Order execution	Market	Market
? Minimum trade size	0.01	0.01
? Maximum Trading Volume for a single trade	150 lots for major financial instruments	150 lots for major financial instruments
? Maximum volume on open trades	1500 lots on forex	1500 lots on forex
? Maximum Number of Open or Pending Trades	500	500
? Base account currency	USD	USD
? Stop-out	30%	30%
? Commission fee	No	R112 ZAR / $7 per standard lot, round turn on forex and precious metals
☪️ Islamic account option	Yes	Yes

 

FXPesa charges a minimum deposit amount of R80 ZAR / 5 USD. Current currency rates between the South African Rand versus the US Dollar indicate that this amount is 80 ZAR, at the time of writing.

 

FXPesa forms a part of EGM Securities Limited, which is well-regulated and overseen by the Capital Markets Authority (CMA) and the Financial Conduct Authority (FCA). While FXPesa is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, the broker accepts South African traders.

 

Through its strict regulation, and to keep its licenses with market regulators, FXPesa must keep all client funds in segregated accounts, separate from the broker account. It is also essential that this money is not utilized for operational reasons but is only used for trading operations of clients.

 

FXPesa Deposit fees and deposit methods

 

➕ Deposit Methods	? Wire / Bank transfer	? Debit / Credit card	? E-Wallet	? Mobile payments
? Supported currencies	USD, KES, TZS, UGX	USD, KES, TZS	USD, KES	USD, KES, TZS, UGX
? Deposit arrival time	1-3 Working Days	Instant	Instant	Instant
? Fees	Free	Free	Free	Free
? Payment methods	I&M Bank Limited	Visa, Mastercard	Skrill, Neteller	Mpesa – Lipa na Bonga – EazzyPay – Airtel money – eLipa – Mastercard, Visa – MTNMoney – (UGX) – Vodacom (TZS) – Tigo (TZS) – Airtel (TZS)
➖ Withdrawal Methods
? Supported currencies	USD, KES	❌	USD, KES	KES, TZS, UGX
? Withdrawal arrival time	3-5 working days	❌	3 hours	3 hours
? Local withdrawal fees	Free	❌	1% (capped at R480 ZAR / $30, currency equivalent)	Free
? International withdrawal fees	R240 ZAR / $15 / 1650 KES	❌	1% (capped at R480 ZAR / $30, currency equivalent)	Free
? Payment providers	I&M Bank Limited	❌	Skrill, Neteller	Mpesa – Lipa na Bonga – Airtel money – eLipa – MTNMoney (UGX)

 

FXPesa does not charge any deposit fees on the deposit methods available to South African traders. Any of the following payment options can be used to make a minimum deposit of 5 USD:

Credit Card

Debit Card

Bank Wire Transfer

eWallets

Mobile Payments

 

When making the minimum deposit into their One Account, they can use the following deposit currencies:

USD

KES

TZS

UGX

 

When South African traders deposit funds into a trading account, they should take note of the following typical deposit arrival times:

Bank Wire Transfer – between 1 to 3 working days

Debit/Credit Cards – Instant

eWallets – Instant

Mobile Payments – Instant

 

A step-by-step guide to depositing the minimum amount

Once the trader’s account has been validated and they have received their Client Portal login credentials, they can navigate to the FXPesa website and log in.

 

To deposit funds, South African traders can follow these 4  steps:

 

Step 1 – Click on the deposit option.

Once logged into the client portal, go to the lefthand side of the dashboard, and select “Deposits.”

 

Step 2 – Choose a deposit method

This will reveal the list of available deposit options. Traders can select their preferred method, choose the account that they want to fund, and provide the deposit currency and amount.

 

Step 3 – Verify your deposit

Lastly, traders can verify the deposit and follow any additional steps that may be required from their payment provider.

 

FXPesa Customer Reviews

 

the best foex company i ever deal with…

the best foex company i ever deal with in Africa specially in kenya// so qiuck in deposit also in withdrawing more convianient really really i liked so much,,,,,,,,,,,,,,,,,,,, thank you EGM and Fxpesa keep going guys

 

 

FXPesa Pros and Cons

✔️ Pros	❌ Cons
FXPesa is well-regulated by the CMA and FCA	Currency conversion fees are charged on all deposits in currencies other than the base account currency (USD)
FXPesa guarantees that all client funds are kept secure	ZAR-denominated accounts are not offered
There are several convenient deposit methods supported by FXPesa
There are no fees charged on any deposits
Instant deposits are supported over several deposit methods

 

Conclusion

The FXPesa minimum deposit amount required to register an FXPesa live trading account is R80 ZAR / $5. There are 2 accounts to choose from namely an Executive Account and Premier Account both with different minimum deposit amounts. Current currency rates between the South African Rand versus the US Dollar indicate that this amount is 80 ZAR, at the time of writing.

 

FXPesa forms a part of EGM Securities Limited, which is well-regulated and overseen by the Capital Markets Authority (CMA) and the Financial Conduct Authority (FCA). While FXPesa is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, the broker accepts South African traders.

 

You might also like: FXPesa Review

You might also like: FXPesa Account Types Overview

You might also like: FXPesa Demo Account – Step by Step

You might also like: FXPesa Fees and Spreads

You might also like: FXPesa Islamic Account Overview

You might also like: FXPesa Sign-up Bonus

You might also like: FXPesa Withdrawal Process

 

Frequently asked questions

 

Can I deposit in ZAR with FXPesa?

You can only deposit funds in the following currencies:

 

Does FXPesa charge currency conversion fees?

Yes, FXPesa charges currency conversion fees. When traders deposit funds in currencies other than USD (the base account currency), they will face currency conversion fees on deposits and withdrawals.

 

Does FXPesa have a ZAR account?

No, FXPesa does not have a ZAR-denominated account.

 

Does FXPesa charge deposit fees?

No, there are no fees charged when South Africans deposit the minimum deposit.

 

What is the minimum deposit requirement with FXPesa?

The minimum deposit requirement is R80 ZAR (5 USD) when traders register an Executive Account.

 

Addendum/Disclosure

No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.