FP Markets Minimum Deposit
Overall, the minimum deposit amount required to register a live trading account is $100, this minimum deposit is equivalent to 880 Botswanan Pula (BWP). FP Markets has over 70 000 active Botswana traders and has a verified trust score of 81% out of 100.
- Lesche Duvenage
Jump to:
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minimum Deposit
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.7/5
Min Deposit
100 USD/1 343 BWP
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FP Markets Minimum Deposit – 6 key points quick overview:
Minimum DepositMinimum Deposit
👉 FP Markets charges a minimum deposit amount of 100 AUD.
👉 This is equivalent to 880 Botswanan Pula (BWP) based on the average conversion rate between the Australian Dollar and the Botswanan Pula.
👉 Even though FP Markets is not regulated by the Capital Markets Authority (CMA), under the strict supervision of ASIC and CySEC, FP Markets holds all client funds in segregated accounts with top-tier banks, away from the broker account.
👉 Client funds cannot be utilized for operational purposes or to satisfy FP Markets’ financial obligations. Additionally, brokers such as FP Markets must ensure that client funds are always conveniently withdrawable.
👉 Unfortunately, negative balance protection is exclusive to CySEC clients, thus Botswana traders must consider this while registering a trading account and ensure that they have adequate risk management protocols in place to protect them from negative balances.
👉 This includes ensuring that they do not use excessive leverage ratios and controlling their position sizes.
Deposit fees and deposit methods
👉 Although blockchain expenses could be incurred when making crypto payments, FP Markets does not seem to charge any fees associated with deposits, as stated on the broker’s official website.
👉 When making the minimum deposit of 880 BWP / 100 AUD into a trading account, Botswanans can use the following deposit options:
➡️ Credit card
➡️ Debit Card
➡️ Bank Transfer
➡️ Neteller
➡️ Skrill
➡️ PayTrust
➡️ Sticpay
➡️ Fasapay
➡️ Virtual Pay
➡️ Rupee Payments
➡️ Dragonpay
➡️ Perfect Money
➡️ Pagsmile
➡️ Cryptocurrency (LetKnowPay)
➡️ Rapyd Bank Transfer
➡️ Rapid Transfer
➡️ Finrax
➡️ MPSA
➡️ XPAY
➡️ LuqaPay
➡️ Broker to Broker
👉 The deposit currencies that Botswanans can expect will depend on the deposit method that they choose. Every method has its own deposit currency, and this can be viewed from the website of FP Markets.
👉 Botswana traders can specifically use Virtual Pay to fund their FP Markets account in Botswanan Pula. This method does not have any deposit fees and the processing time is instant.
A step-by-step guide to depositing the minimum amount
👉 Step 1 – Log in to your Client’s Area
➡️ Locate the FP Markets website and click the ‘login’ option.
👉 Step 2 – Click on “Funding”
➡️ On the left side of the screen click on “Funding”
👉 Step 3 – Choose “Deposit”
➡️ Select your preferred deposit method, whether by wire transfer, credit card or debit card
👉 Step 4 – Select the trading account
➡️ Select the trading account to which you wish to deposit and click “Submit”
FP Markets Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| FP Markets offers several flexible payment options for account funding | Botswanans face currency conversion fees when they deposit in BWP |
| Deposit fees are not charged when Botswanans finance the trading account | Blockchain fees apply to all crypto payments |
| There are flexible deposit currencies to choose from per the payment methods |
Verdict on FP Markets
👉 Overall, FP Markets is very competitive in terms of its trading fees and spreads.
FAQ
How long does it take for funds to reflect in my FP Markets account?
Your deposit could appear immediately, or it may take up to one business day, depending on your chosen method.
How much will FP Markets charge me on deposits?
FP Markets does not charge deposit fees, but blockchain fees apply when using crypto wallets.
Does FP Markets provide a deposit bonus?
No, FP Markets does not provide a bonus for no deposits.
Can a friend pay my FP Markets minimum deposit on my behalf?
FP Markets prohibits third-party payments. Instead, you must pay the deposit from a bank account that reflects the name you used when registering a trading account.
Can I create a BWP account with FP Markets?
FP Markets does not accept BWP as a base currency for accounts. Therefore, only currencies like JPY, EUR, USD, CHF, AUD, and GBP are available for selection.
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.
