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ETFinance Minimum Deposit

ETFinance Minimum Deposit

 

ETFinance minimum deposit amount to open a real trading account is 250 (Two Hundred and Fifty) US Dollars / R4013,83 USD/ZAR at the time of writing). The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*

 

ETFinance at a Glance

 

📅 Year Founded2016
📍 Head Office
Cypress
⚖️ Financial Regulatory Bodies
CySEC
📈 Managed accounts
No
📊 Institutional accounts
Yes
☪️ Islamic AccountYes
💰 Minimum Deposit
$250 (R4013,83 USD/ZAR at the time of writing)
👍 Demo Trading Account available
Yes
🌐 Countries not accepted for tradeUnited Kingdom, Belgium
💰 Withdrawal options
Debit and credit cards, bank wire transfers and Skrill.
📒 Deposit optionsDebit and credit cards, bank wire transfers and Skrill.
💻Platform(s) providedMetaTrader4
🖥️ OS compatibility
PC and Mac OS, mobile for Android and IOS
📈 Tradable assets
Forex, indices, commodities, metals, energies, and shares
📓 Languages supported on the websiteMultiple languages
📓  Customer support languagesMultiple languages
☎️ Customer service hours24/5
Maximum Leverage1:30
👉 Open a account👉 Click Here

 

Overall Rating

4.3/5

Rated #375 of 
Recommended FX Brokers

💰Minimum Deposit

USD 215

🌐 Regulators

Cyprus

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

ETFinance Minimum Deposit – 8 key points quick overview:

 

 

The ETFinance minimum deposit amount to open a real trading account is 250 (Two Hundred and Fifty) 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 of ETFinance minimum deposits locally 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.

 

ETFinance Minimum Deposit

 

ETFinance Minimum Deposit

 

ET Finance has a minimum deposit requirement of $ 250.

 

This minimum deposit amount was equivalent to ZAR 4013,83  at the average currency exchange rate between the US Dollar and the South African Rand at the time of writing.

 

Depending on ET Finance’s authorization as a broker and its regulatory authorities, one of the requirements may be that client funds must be kept in segregated accounts from the broker account and could only be used by traders to conduct trading activities.

 

ETFinance Deposit fees and deposit methods

 

ETFinance Deposit fees and deposit methods

 

When compared with other brokers, the minimum deposit that ET Finance requires when registering a live account is high.

 

ET Finance offers traders several payment or deposit methods which can be used when making deposits. Funds always must be returned in the same method used to deposit.

 

📍 ET Finance accepts the following deposit methods:

💳 Credit/Debit Card

💳 Wire Transfer

💳 Some alternative e-wallets

 

ET Finance does not levy additional deposit fees, but third-party charges may be applicable. Quick processing times are promised.

 

Deposit currencies that are accepted include USD.

 

Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.

 

Overall Rating

4.3/5

Rated #375 of 
Recommended FX Brokers

💰Minimum Deposit

USD 215

🌐 Regulators

Cyprus

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

ETFinance Step by step guide to depositing the minimum amount

📍 Depositing into your account with ETFinance consists of the following steps:

 

🔴Step 1 – Log in

  • Once you have registered, log in to your trading account

 

ETFinance Step by step guide to depositing the minimum amount step 1

 

🔴Step 2 –Make the deposit

  • Navigate to the funding area on your client dashboard
  • Select your preferred deposit method. This is the same method by which you will be required to make withdrawals in future
  • Specify the amount you wish to deposit and confirm your deposit details

 

ETFinance Step by step guide to depositing the minimum amount step 2

 

ETFinance Step by step guide to depositing the minimum amount step 2

 

🔴Step 3 – Review your transaction

  • Submit your deposit.
  •   Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.

 

ETFinance Minimum Deposit

 

Traders can fund their accounts from their own bank account by sending the funds to one of the ET Finance segregated client accounts or access the option to deposit the minimum amount from their personal area after having registered a live trading account and it had been approved.

 

Traders must log in to their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.

 

Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.

 

ETFinance Pros and Cons

 

✔️ PROS❌ CONS
Commission-free tradingHigh inactivity fees
Credit cards and e-wallets can be used to fund accountsLimited deposit methods
Impressive educational video libraryLimited features and accounts for advanced traders
No deposit fees chargedNo facility to trade on MetaTrader 5 or cTrader
Trade via the popular MetaTrader 4 platformNo help section
Wide range of tradable asset classes

 

Conclusion

 

ETFinance minimum deposit amount to open a real trading account is 250 (Two Hundred and Fifty) US Dollars / R4013,83 USD/ZAR at the time of writing). The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*

 

You might also like: ETFinance Sign-Up Bonus 

You might also like: ETFinance Islamic Account

You might also like: ETFinance Fees and Spreads

You might also like: ETFinance Demo Account

You might also like: ETFinance Account types

 

Frequently Asked Questions

What is the minimum deposit required to open an account with ET Finance?

$ 250.

 

How do you make a deposit and withdraw money with ET Finance?

ET Finance offers the following deposit and withdrawal methods:

  • Credit/Debit Card
  • Wire Transfer
  • Some alternative e-wallets

 

The same method that was used to fund an account must usually be used to withdraw money again and monies will only be refunded to accounts that carry the same name as the trading account with ET Finance.

 

Does ET Finance charge withdrawal fees?

No, but fees from financial institutions may be applicable.

 

How long does it take to make a withdrawal?

ET Finance claims that withdrawals usually take only a few days. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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