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City Credit Capital Minimum Deposit

City Credit Capital Minimum Deposit

 

Overall Rating

4.1/5

Rated #281 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The City Credit Capital minimum deposit amount to open a real trading account is 500 (Five Hundred) US Dollars .  The Minimum Deposit for 1st time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*

Finding a reputable list about City Credit Capital minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.

 

Minimum Deposit

 

The minimum deposit amount required to open an account with City Credit Capital is $500, although this amount changes depending on the broker account for which you wish to register.

The minimum first deposit with the Mini account is $500, which might be a little high for beginners.

The minimum deposit with the Standard account is $5,000. The Mini account also requires a minimum FX lot size of 10,000, which goes up to 100,000 with the Standard account.

 

Deposit fees and deposit methods

 

Deposits and withdrawals are available via credit/debit cards, Skrill and Neteller, which is an extremely limited selection compared to many other brokers in the industry.

The broker does not charge any deposit fees or withdrawal fees, apart from those charged by the payment processor, which is beyond the broker’s control.

Withdrawals can be initiated using the request form provided on the website. Payments usually reach trading accounts within one working day.

City Credit Capital can only accept funds sent from bank accounts held in the client’s name. Funds received from any third party’s account will be rejected and returned.

If you have any questions, please contact City Credit’s Customer Service team before attempting any payments.

Withdrawal options depend on your deposit and trading history at the time you request the withdrawal. The broker’s company policy is that all funds must be returned to the source. This applies to all card, wire transfers and ACH transactions.

Accepted deposit currencies are limited to GBP, EUR, and USD. This means that traders depositing in other base currencies, such as ZAR (Rand), will incur conversion fees.

 

Overall Rating

4.1/5

Rated #281 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Step by step guide to depositing the minimum amount

 

Depositing funds with City Credit Capital is a straightforward process that consists of the following steps:

  • Navigate to the account funding, or deposit section, of your account
  • Select your preferred funding method from the list provided (credit or debit card, Neteller, or Skrill)
  • For online card payment, you will have to supply the card details, your address, personal information such as the birth date and country of residence, selected currency, and the amount you wish to deposit
  • The above process will also be applicable for Skrill, but not for Neteller
  • Finally, read and accept the terms and conditions, and click ‘Submit Payment’

 

Pros and Cons

✔️ PROS ❌ CONS
Well-regulated broker A limited number of payment options
Deposits stored in segregated accounts A limited number of deposit currencies
No deposit fees High minimum deposit
No withdrawal fees

 

 

You might also like: City Credit Capital Sign Up Bonus

You might also like: City Credit Capital Demo Account 

You might also like: City Credit Capital Fees and Spreads

You might also like: City Credit Capital Account Types

 

FAQ’s

 

What is the minimum deposit for City Credit Capital?

The minimum first deposit with the Mini account is $500, which might be a little high for beginners.

The minimum deposit with the Standard account is $5,000.

 

How do I make a deposit and withdrawal with City Credit Capital?

Deposits and withdrawals are available via credit/debit cards, Skrill and Neteller, which is an extremely limited selection compared to many other brokers in the industry.

 

Does City Credit Capital charge withdrawal fees?

The broker does not charge any deposit fees or withdrawal fees, apart from those charged by the payment processor, which is beyond the broker’s control.

 

How long does it take to make a withdrawal?

Your Payment may reach your trading account within 24 hours / a working day after the funds have been cleared. This delay in services is due to the Online Payment Service clearing process.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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