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FP Markets Fees and Spreads
FP Markets spreads start from the average spread of 0.0 pips EUR/USD, and the commission depends on the trading account the trader is using. FP Markets is a reliable multi-regulated online broker with no-commission trading and tight spreads. It has over 70 000 active Botswana traders and has a verified trust score of 81% out of 100.
- Lesche Duvenage
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Fees and Spreads Overview
Additional Trading Fees
Broker Fees
Pros and Cons
Final Verdict
FAQ
FP Markets Fees and Spreads – 6 key points quick overview:
Fees and SpreadsFees and Spreads
👉 The spread list for FP Markets starts from 0.0 pips on major financial instruments such as EUR/USD.
👉 Botswanans should expect a different spread list while trading with FP Markets depending on the financial instrument being traded, the trading account used, and the market conditions on the trading day.
👉 Spreads at FP Markets will vary according to these criteria, and Botswanans can expect various spreads for the following account types:
➡️ MT4/5 Standard Account – 1 pip EUR/USD
➡️ MT4/5 Raw Account – 0.0 pips EUR/USD
➡️ MT4/5 Islamic Standard Account – 1 pip EUR/USD
➡️ MT4/5 Islamic Raw Account – 0.0 pips EUR/USD
Additional Trading Fees
Commissions
👉 Even though FP Markets has 0-pip spreads, there is a commission fee on the following accounts because of the tight spreads. This commission pays the broker fees for making the trade possible. Botswana traders can expect the following commissions:
➡️ MT4/5 Raw Account – US$3 per side
➡️ MT4/5 Islamic Raw Account – US$3 per side
Overnight Fees, Rollovers, or Swaps
👉 FP Markets offers all currency rates for each product on its website. Using current bank interest rates and adding a little markup imposed by FP Markets, swap costs are computed.
👉 FP Markets’ overnight fees vary according to the financial instrument, position size, position type, and time a position is kept open.
Broker Fees
Deposit and Withdrawal Fees
👉 FP Markets does not impose deposit fees, but blockchain costs could apply when Botswana traders use cryptocurrencies to fund their accounts or withdraw monies. In addition, the following withdrawal fees are assessed according to the payment type used:
➡️ Neteller – 2% up to 30 USD in addition to country fees
➡️ Skrill – 1% and country fees
➡️ Fasapay – 0.50%
➡️ PayTrust – 1.5%
➡️ Dragonpay – 1.5%
➡️ Perfect Money – 0.5%
➡️ Cryptocurrency Payments – Blockchain fees
➡️ MPSA – 7.25%
➡️ FairPay – 0.5% plus an additional flat fee of 10 USD
➡️ Finrax – Blockchain fees
➡️ Sticpay – 5% for bank wire and 2.5% for wallet fees
➡️ Rupee Payments – 5.75%
➡️ Rapid Transfer – 1%
➡️ Virtual Pay – 2%
➡️ XPAY – 1.5% for all currencies apart from THB
➡️ LuqaPay – 3%
➡️ Pagsmile – 3%
Inactivity Fees
👉 A benefit of FP Markets is that you will not be charged any fees or penalties if you do not utilize your account for an extended period.
Currency Conversion Fees
👉 Botswanan traders will pay currency conversion costs when they deposit money in BWP rather than their base account currency. This could be a variable or fixed sum, as decided by FP Markets.
FP Markets Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading options are offered with FP Markets | Withdrawal fees apply |
| FP Markets is known for its competitive commissions across assets | Islamic accounts are subject to holding costs |
| Deposit fees are not applied when Botswanans finance the trading account | Several broker fees are charged |
| There are Islamic account options offered |
Verdict on FP Markets
👉 Overall, FP Markets is very competitive in terms of its trading fees and spreads.
FAQ
What is the maximum leverage I can use with FP Markets?
You can use leverage up to 1:500 when trading major forex pairs through FP Markets.
What is the average spread charged by FP Markets?
The average spread starts from 0.0 pips on major instruments on the Raw Account.
Can Muslim traders register an Islamic Account with FP Markets?
Yes, Muslim traders who follow the Sharia law can convert their Standard or Raw Accounts into Islamic accounts.
Does FP Markets charge commissions?
Yes, FP Markets charges commissions on the Raw Account.
What are the deposit and withdrawal fees with FP Markets?
No deposit fees are charged, but withdrawal fees range from 0.5% to 7.25%.
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.
