📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Benchmark Finance Ltd Minimum Deposit

Benchmark Finance Ltd Minimum Deposit

 

Overall Rating

4.7/5

Rated #222 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Benchmark Finance does not have a minimum deposit requirement.

Despite this, traders must ensure that they fund their account with enough to cover the margin requirements before opening positions.

Traders must ensure that they keep up to date with the current exchange rate between the US Dollar and the South African rand, which is 14.60 ZAR/USD, at the time of writing.

They are a broker which is strictly regulated by the reputable FCA, CNMV, BaFIN and AMF and, as a regulated broker, it is required for client funds to be kept in segregated accounts.

The purpose of keeping funds separate from the broker account is that it ensures that these funds are used by traders to conduct trading activities. It also means that these funds are withdrawable at any given time.

 

Deposit fees and deposit methods

They allow traders to register a live trading account without having to pay a minimum deposit to activate the account before they can trade. Although an advantage, traders are urged to deposit enough funds to start trading.

They offer the use of reliable payment methods when making deposits, namely:

The deposit methods supported by them include:

  • Bank Cards
  • Bank Wire Transfer
  • Funds Transfer

They support the following deposit currencies:

  • USD
  • EUR

 

Step by step guide to depositing the minimum amount

After having registered a live trading account, traders can log into their members’ area on their website. Traders can then navigate to the relevant section dedicated to deposits, select their deposit method, currency, and the amount that they wish to deposit.

Traders can then follow further instructions and/or prompts to complete the deposit. Depending on the method of payment, deposits may reflect instantly, or take a few days to reflect in the trading account.

When traders deposit any funds into their account, despite the payment method used, they must ensure that the name on the account from where they are depositing corresponds with that in which they registered their live trading account.

They prohibit third-party payments. Any funds received from an unknown source will be rejected and returned to the source. There is no mention of whether traders are liable for any costs, but it can be assumed that transaction fees may be charged by the payment provider.

 

Overall Rating

4.7/5

Rated #222 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
No required minimum deposit amount Limited deposit currencies
Reliable payment methods offered Limited payment methods supported
Deposit fees not charged More modern payment methods not offered

 

You might also like: Benchmark Finance Ltd Sign up bonus

You might also like: Benchmark Finance Ltd Demo account

You might also like: Benchmark Finance Ltd Fees and Spreads

You might also like: Benchmark Finance Ltd Account Types

 

FAQ’s

What is the minimum deposit for Benchmark Finance?

$0.

How do I make a deposit and withdrawal with Benchmark Finance?

  • Bank Cards
  • Bank Wire Transfer
  • Funds Transfer

Does Benchmark Finance charge withdrawal fees?

No. They do not charge withdrawal fees.

How long does it take to make a withdrawal?

They indicate that all withdrawals, despite the payment method, takes up to 30 minutes to process.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.