FP Markets withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does FP Markets fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from FP Markets and how FP Markets's withdrawal fees and options compare to some of its close competitors.

FP Markets withdrawal fees and options snapshot
FP Markets FXTM Markets.com
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee Free withdrawal for domestic bank transfer and credit cards, but there are fees for electronic wallets and international bank transfer $3 for credit card, $20-$40 for bank transfer, $0 for Neteller and Skrill Free withdrawal

How to withdraw money from FP Markets
FP Markets withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and FP Markets is no exception.

In addition to bank transfer, FP Markets also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for FP Markets.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At FP Markets, you can withdraw money to the following electronic wallets: Neteller, Skrill, China Union Pay, BPay, PoliPay, Fasapay, Ngang Luong, PayTrust, PayPal.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at FP Markets and it took us 1 business day. It doesn't really get any better than this!

To withdraw money from FP Markets, you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Whatever method you use, you may only withdraw money to accounts or cards that are in your name.

How to withdraw money from FP Markets
FP Markets withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at FP Markets is free of charge. See the table below for details and possible exceptions, as well as how FP Markets compares with some of its immediate competitors.

FP Markets withdrawal fees
FP Markets FXTM Markets.com
Domestic bank withdrawal Free for bank withdrawal in Australia Bank withdrawals cost €20/ £25 in EU, €10/ £5 in the UK Free withdrawal
International bank withdrawal AUD 10 fee per withdrawal Bank withdrawals cost €20/ £25 in EU, €10/ £5 in the UK Free withdrawal
Credit/Debit card withdrawal Free for credit/debit cards $3 for credit/debit cards Free withdrawal
Electronic wallets withdrawal 2% max AUD 30 for Neteller, 1% for Skrill, No fee for Paypal, AUD 18 for China Union Pay etc. Free for Skrill and Neteller, other electronic wallets may have fee Free withdrawal

How to withdraw money from FP Markets
Bottom line

FP Markets withdrawal is free of charge in most cases and you have multiple options for withdrawing your money, making it relatively easy to access your funds.

To see how FP Markets's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

Visit broker
67.02% of retail CFD accounts lose money
×