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FXPesa Fees and Spreads

fxpesa-Fees-and-spreads-Review

 

Overall, FXPesa offers competitive fees and spreads. PXPesa spreads from 0.00 pips to 1.40 pips, and commission-free trading depends on the account traders select making them a low-risk trading option.

 

FXPesa at a glance

🔍 Broker’s nameFXPesa
🏛️ HeadquartersNairobi, Kenya
📅 Year founded2019
⚖️ Regulating authoritiesCMA, FCA
📒 Demo accountYes
☪️ Islamic account (swap-free)Yes
✴️ Segregated accountsYes
👨🏼‍💼Managed accountsYes
🔣 Maximum leverage1:400
💰 Minimum deposit$5
➕ Deposit optionsWire/Bank transfer
Debit/Credit cards
E-Wallet
Mobile payments
➖ Withdrawal optionsWire/Bank transfer
E-Wallet
Mobile payments
📊 Platform(s) providedFXPesa Mobile
MyFXPesa
MetaTrader 4
MetaTrader 5
📶 OS compatibilityiPhones, iPads, Multi-Terminal, and all Android devices.
🛍️ Tradable assets offeredForex, Indices, Commodities, US Shares, UK Shares and EU Shares
💬 Languages supported on the websiteEnglish
💬 Customer support languagesMultilingual
⏲️ Customer service hours24/6

 

FXPesa is a No-Dealing Desk Broker that employs an Electronic Communications Network (ECN) and enables market execution on deals. FXPesa obtains prices from leading liquidity sources and the spreads paid are dynamic.

 

Overall Rating

4.1/5

Rated #509 of
Recommended FX Brokers

💰Minimum Deposit

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The swap fees that are charged by FXPesa are calculated using several different variables, such as the trading instrument, the currency of the account, the size of the overall position (standard lots), and the overall interbank rate used by the broker.

 

FXPesa Fees and Spreads Review – 7 Key Point Quick Overview (2022):

  1. ☑️ FXPesa at a glance

 

FXPesa allows traders to start trading with a minimum deposit of 5 USD.

 

FXPesa fees and spreads Pros and Cons

✔️ Pros❌ Cons
FXPesa does not charge deposit fees when traders fund a trading accountWithdrawal fees apply to eWallets and Bank Wire
Muslim traders can convert their live trading account into an Islamic account, exempting them from overnight feesThere is an inactivity fee applied after 180 days of inactivity
FXPesa is transparent regarding the fee scheduleAny deposits and withdrawals in currencies other than USD will attract a currency conversion fee
FXPesa is an NDD and ECN broker that offers competitive variable spreads

 

Fees and Spreads

🔍 Account Features📈 Executive Account📈 Premier Account
💵 Minimum Deposit$5$100
📊 Platforms offeredMetaTrader 4
FXPesa Trader
MetaTrader 5
MetaTrader 4
FXPesa Trader
MetaTrader 5
📈 Typical spreads1.4 pips0.0 pips
📊 Instruments available62 currency pairs
6 precious metals
37 CFDS
240+ Shares
62 currency pairs
6 precious metals
37 CFDS
240+ Shares
💹 Maximum leverage ratiosForex and Precious Metals – 1:400
CFDs – 1:200
Equities – 1:20
Forex and Precious Metals – 1:400
CFDs – 1:200
Equities – 1:20
⚖️ Fixed leverageOn MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs, and equitiesOn MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs and equities
⚖️ Dynamic leverageOn MetaTrader 5 on forex, precious metals, CFDs, and equitiesOn MetaTrader 5 on forex, precious metals, CFDs, and equities
⭐ Demo accountYesYes
📝 Order executionMarketMarket
📉 Minimum trade size0.010.01
📈 Maximum Trading Volume for a single trade150 lots for major financial instruments150 lots for major financial instruments
📈 Maximum volume on open trades1500 lots on forex1500 lots on forex
📈 Maximum Number of Open or Pending Trades500500
💲 Base account currencyUSDUSD
🛑 Stop-out30%30%
💰 Commission feeNo$7 per standard lot, round turn on forex and precious metals
☪️ Islamic account optionYesYes

 

The spread list for FXPesa starts from 0.0 pips EUR/USD on the Premiere Account.

FXPesa is a No-Dealing Desk Broker that employs an Electronic Communications Network (ECN) and enables market execution on deals. FXPesa obtains prices from leading liquidity sources and the spreads paid are dynamic.

The spreads that traders can anticipate from FXPesa will vary on the financial instrument, market circumstances on the day of trading, and the trading account that they utilize. FXPesa charges the following average spreads:

 

  • Executive Account – 1.4 pips EUR/USD
  • Premiere Account – 0.0 pips EUR/USD

 

The Premier Account is subject to commissions of $7 per normal lot, round turn on FX, and precious metals, but the Executive Account does not have any charges at all.

 

Additional Trading Fees

🔍 Instrument📈 Long (Buy) Swap📉 Short (Sell) Swap
💱 BTC/USD-25.15 pips-24.85 pips
💱 EUR/USD-4.8 pips1.36 pips
💱 RUSS2000-2.17 pips-1.83 pips
💱 UKOILRoll29.17 pips-49.17 pips
💱 XAG/USD-1.444 pips-0.549 pips
💱 XAU/USD4.954 pips-0.841 pips

 

The swap fees that are charged by FXPesa are calculated using several different variables, such as the trading instrument, the currency of the account, the size of the overall position (standard lots), and the overall interbank rate used by the broker.

Muslim traders have the chance to convert their live trading account into a Swap-Free Islamic option using the FXPesa platform. This frees them from having to pay overnight costs and provides halal trading circumstances for those who adhere to sharia law.

Because FXPesa is not a broker that offers spread betting services, FXPesa does not charge any spread betting fees.

 

Broker Fees

 

Payment methods provided by FXPesa do not levy deposit fees. Withdrawal fees are charged on the following:

 

  • eWallets have a 1% fee up to a maximum of 30 USD.
  • Withdrawals made internationally through bank wire transfer will have a 15 USD fee applied.

 

The broker fees charged by FXPesa are as follows:

 

  • When a live trading account has been inactive for more than 180 days consecutively, the account holder will be subject to an inactivity fee.
  • Deposits and withdrawals made in currencies other than USD are subject to additional fees that cover the cost of currency conversion.

 

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.

 

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 Islamic Account Overview

You might also like: FXPesa Minimum Deposit

You might also like: FXPesa Sign-up Bonus

You might also like: FXPesa Withdrawal Process

 

Frequently asked questions

 

What is the minimum amount that you can trade with FXPesa?

FXPesa allows traders to start trading with a minimum deposit of 5 USD.

 

What is the minimum spread with FXPesa?

The minimum spread that traders can expect is 0.0 pips on the Premiere Account.

 

Does FXPesa have an inactivity fee?

Yes, there is an inactivity fee that is applied to dormant accounts after 180 days of inactivity.

 

Does FXPesa charge withdrawal fees?

Yes, FXPesa charges withdrawal fees on eWallets and Bank Wire.

 

What is the maximum withdrawal time for FXPesa?

The maximum withdrawal time with FXPesa is between 3 to 5 working days on bank wire.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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