Equiti Minimum Deposit

Equiti Fees - Minimum Deposit

 

Equiti Minimum Deposit

 

The Equiti minimum deposit amount is $500.

The minimum deposit amount that Equiti requires is equivalent to ZAR9,207.65 at the current exchange rate between the US Dollar and the South African Rand on the day that this article was written.

 

The minimum deposit amount depends on the type of account the trader opens, and can be broken down as follows:

  • Executive Account – $500
  • ECN Account – $20,000

 

Equiti is a broker which is authorized and regulated a strict and demanding regulating entities namely the JSC, FCA, DMCC and SCA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

Equiti’s minimum deposit when opening a live account is substantially high when compared to other brokers.

 

Equiti charges withdrawal fees when traders make use of the following payment methods:

  • Wire/Bank Transfer – 100 AED/SAR, 30 USD/EUR/GBP
  • Neteller – 1% to 30 USD maximum
  • Skrill – 1% to 30 USD maximum

Traders will need to make sure of fees that may be waived by their payment providers in case there are fees that are charged on transactions when depositing funds into the trader’s Equiti account.

 

Equiti offers clients the following ways in which funds can be deposited into the trading account:

  • Wire/Bank Transfer
  • Debit/Credit Cards
  • Neteller
  • Skrill
  • ICC Card
  • Dinarak (only for Jordan clients)

 

Equiti supports the following deposit currencies:

  • USD
  • EUR
  • GBP
  • AED
  • SAR
  • JOD
  • JPY

 

Traders should take note that different deposit methods support different deposit currencies.

 

Step by step guide to deposit the minimum amount

 

As soon as the trader has registered for a live account with Equiti and the account has been verified and approved, the trader can follow these steps to deposit the minimum amount into the trading account:

  1. Return to the Equiti Client Login and sign in using the necessary credentials.
  2. Once signed in, the trader will be taken to the Client Portal where they can navigate to the ‘Deposit’ section on the portal, choose their payment method followed by the further instructions/prompts provided.

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

 

Pros and Cons

 

PROS CONS
1.      No deposit fees 1.      High minimum deposit amount
2.      Variety of payment methods supported 2.      Withdrawal fees are charged
3.      Variety of deposit currencies

 

FAQ

 

What is the minimum deposit for Equiti?

$500.

 

How do I make a deposit and withdrawal with Equiti?

Equiti offers the following popular deposit and withdrawal methods:

  • Wire/Bank Transfer
  • Debit/Credit Cards
  • Neteller
  • Skrill
  • ICC Card
  • Dinarak (only for Jordan clients)

Equiti prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does Equiti charge withdrawal fees?

Yes.

  • Wire/Bank Transfer – 100 AED/SAR, 30 USD/EUR/GBP
  • Neteller – 1% to 30 USD maximum
  • Skrill – 1% to 30 USD maximum

 

How long does it take to make a withdrawal?

  • Wire/Bank Transfer – 3 – 5 working days
  • Debit/Credit Cards – 5 to 14 days depending on the card issuer
  • Neteller – 1 working day
  • Skrill – 1 working day
  • ICC Card – not indicated
  • Dinarak (only for Jordan clients) – not indicated