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Forex.ee Minimum Deposit

Forex.ee Minimum Deposit

 

Overall Rating

4.7/5

Rated #242 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

MEAE

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

49

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Forex.ee Minimum Deposit amount to open a real trading account is 50 (fifty) US Dollar.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours

This minimum deposit amount is equivalent to 726.27 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

They are a broker which is neither authorized nor regulated by any regulatory entities and thus it cannot be assured that the broker keeps client funds 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 require a low minimum deposit of $50 to open an STP account, which is much lower than what other brokers require for entry-level accounts. They offer traders with a variety of deposit methods that can be used to fund the trading account, namely:

  • Credit/Debit Cards
  • Bank Wire Transfer
  • Skrill
  • WebMoney
  • Neteller
  • Perfect Money
  • Qiwi
  • FasaPay
  • China UnionPay
  • Crypto Wallet
  • Internal Transfer

 

Deposit methods and supported deposit currencies:

  • Credit/Debit Cards – USD, EUR, JPY
  • Bank Wire Transfer – USD, EUR, RUB, CNY
  • Skrill – USD, EUR
  • WebMoney – USD, EUR, RUB
  • Neteller – USD, EUR, RUB, AUD, JPY
  • Perfect Money – USD
  • Qiwi – RUB, USD, EUR
  • FasaPay – IDR, USD
  • China UnionPay – CNY
  • Crypto Wallet – BTC, LTC, ETH
  • Internal Transfer – USD, EUR

Traders need to ensure that they make use of the payment method that supports their currency and to avoid any currency conversion fees, ensure that they deposit in the same currency as that of their trading account.

 

Step by step guide to deposit the minimum amount

After successfully registering a live account, and after it has been approved, traders can visit their member area and select the option to deposit funds. Traders can then select their payment method, currency, and the amount that they wish to deposit.

Traders must note that deposit currencies are limited to the type of payment methods supported.

 

Overall Rating

4.7/5

Rated #242 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

MEAE

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

49

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
Low minimum deposit requirement on entry-level account Deposit fees charged
Reliable payment methods offered Deposit currencies tied to the payment methods offered
Variety of payment methods offered
Variety of supported deposit currencies

 

You might also like: Forex.ee Sign up bonus

You might also like: Forex.ee Demo account

You might also like: Forex.ee Fees and Spreads

You might also like: Forex.ee Account Types

You might also like: Forex.ee Islamic Account

 

FAQ’s

What is the minimum deposit for Forex.ee?

$50.

How do I make a deposit and withdrawal with Forex.ee?

  • Credit/Debit Cards
  • Bank Wire Transfer
  • Skrill
  • WebMoney
  • Neteller
  • Perfect Money
  • Qiwi
  • FasaPay
  • China UnionPay
  • Crypto Wallet
  • Internal Transfer

Please note that Credit/Debit cards, Qiwi and Internal Transfers cannot be used with withdrawals. China UnionPay is only available for use by China, Hong Kong, Macao, Taiwan, and the Republic of China.

Does Forex.ee charge withdrawal fees?

Yes.

  • Bank Wire Transfer – 31 USD, 31 EUR
  • Skrill – 1% or a minimum of 0.5 EUR.
  • WebMoney – 0.80%, not less than 0.01 WM and not more than 50 WMZ, WME or 1500 WMR.
  • Neteller – 2%, not less than 1 USD but not more than 30 USD.
  • Perfect Money – 0.50%
  • FasaPay – 0.50%
  • Bitcoin – BTC 0,001
  • Bitcoin Cash – BCH 0,001
  • Litecoin – LTC 0.01
  • Ethereum – ETH 0.005
  • China UnionPay – 2%

How long does it take to make a withdrawal?

This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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