FXPesa -Overview of Minimum Deposit, Spreads & Leverage
Abstract：FXPesa, founded in 2016, is a brokerage registered in Malta. The trading instruments it provides cover forex pairs, shares, indices, commodities, and ETFs.
| FXPesa MARKETS Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Kenya |
| Regulation | No regulation |
| Market Instruments | Forex pairs, shares, indices, commodities, ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | Average 1.4 pips (Standard account) |
| Trading Platform | MT4, MT5, Equiti Trader |
| Copy Trading | ✅ |
| Minimum Deposit | $100 |
| Customer Support | Phone: 0800-211-185 (Toll-Free Kenya) |
| WhatsApPP: +254-730-676-002 (International) | |
| Address: 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, Kenya | |
| Regional Restrictions | the United States, Belgium, Canada and Singapore |
FXPesa Information
FXPesa, founded in 2016, is a brokerage registered in Malta. The trading instruments it provides cover forex pairs, shares, indices, commodities, and ETFs.
Pros and Cons
| Pros | Cons |
| Copy trading | Lack of regulation |
| Multiple trading instruments | Regional restrictions |
| MT4 and MT5 available | No Islamic trading account offered |
| Demo accounts available | |
| Various payment options |
Is FXPesa Legit?
It is clear that FXPesa is unregulated, which means that traders will be at great risk if they trade with this company. Traders should be more careful and cautious.
What Can I Trade on FXPesa?
FXPesa offers traders the opportunity to trade forex pairs, shares, indices, commodities, and ETFs.
| Tradable Instruments | Supported |
| Forex Pairs | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| ETFs | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
Account Type & Leverage & Fees
FXPesa provides 2 types of accounts, which are Standard and Premier. The minimum deposit is $100. The spreads are as low as 0.0 pips. The leverage is up to 1:400. It also provides demo accounts. But it doesn't provide an Islamic account.
| Account Type | Standard | Premier |
| Accepted Currencies | USD, KES | |
| Minimum Deposit | $0 | $100 |
| Maximum Leverage | 1:400 | |
| Spread | Avezrage 1.4 pips | From 0.0 pips |
| Commission | $0 | US$3.5/lot per side |
Trading Platform
FXPesaT's trading platform are MT4, MT5, and Equiti Trader, which support traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Mobile | Beginners |
| MT5 | ✔ | Web, Mobile | Experienced traders |
| Equiti Trader | ✔ | Mobile | / |
Copy Trading
FXPesa Copy is a feature-rich platform that allows traders to copy a providers trading strategies on over 2,000+ financial assets.
Deposit and Withdrawal
FXPesaT provides mutipile payment methods, which are Mobile money, eWallets, Credit cards, and Bank transfers.
| Payment Method | Accepted Currencies | Deposit Fees | Withdrawal Fees | Deposit Time | Withdrawal Time |
| M-Pesa, EAZZYPAY & Airtel Money | KES | $0 | $0 | Instant | Instant |
| MTN & Airtel UG | UGX | ||||
| Vodacom, Airtel TZ, HaloPesa & TigoPesa | TZS | Within 24 hours | |||
| Neteller | USD | 1% up to USD$30 | 1-2 working days | ||
| SKRILL | USD, KES | ||||
| Mastercard | USD, KES, TZS, UGX | $0 | 1-2 working days, card withdrawals may take up to 15 working days to be credited into clients' card | ||
| VISA | |||||
| Local or international bank wire transfer | Deposits: USD, KES, TZS, UGX | Domestic Bank Wire: $0 | 1-5 working days | ||
| Withdrawals: Only USD & KES | International Bank Wire: USD$15 |
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