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):
FXPesa Minimum Deposit- FXPesa Deposit fees and deposit methods
- A step-by-step guide to depositing the minimum amount
- FXPesa Customer Reviews
- FXPesa Pros and Cons
- Conclusion
- 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.
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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.
Featured SA Shares Writer and Forex Analyst.
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