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FX Arena Minimum Deposit

 

Overall Rating

4.5/5

Rated #295 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

IFSC 

📱 Trading Desk

MetaTrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The FX Arena minimum deposit amounts are not documented.  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 FX Arena 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

 

FX Arena does not provide any information regarding the minimum deposit amount required to open a broker account.

This is because the broker does not offer traditional trading facilities but is structured as the facilitator of live Forex trading tournaments.

As such, participants will have to enquire as to the specific buy-in for a particular tournament, as opposed to the more traditional minimum deposit amount.

 

Deposit fees and deposit methods

 

To participate in an FX Arena trading tournament, traders need to buy tickets. A part of the ticket will go on to the prize pool, while the other half will go on to pay the royalty.

The prize received by the winner will then be deposited into his FX Arena account, from which it could be withdrawn at any time.

Traders will be able to withdraw their winning using traditional bank wire, credit cards, and unspecified online payment methods.

The cost of entering will depend on the specific tournament, as outlined below:

  • Free – No question needed; the ticket is free. Traders registered as FX Arena members will be able to participate in these contests without having to pay anything.
  • Warm Up – Contests in the Warmup category could be free or extremely low.
  • Low – Ticket costs around 0-99 USD
  • Medium – Ticket costs around 100-999 USD
  • High – Ticket costs around 1,000 USD or more.

 

FX Arena members own the right to choose which type of content and how much they are willing to pay for a ticket in the FX Arena platform.

There is no information regarding accepted deposit currencies, such as ZAR/Rand, and the likelihood of conversion fees.

 

Overall Rating

4.5/5

Rated #295 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

IFSC 

📱 Trading Desk

MetaTrader 4 

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

 

Funding your account with FX Arena will not consist of a typical step-by-step funding method but will involve selecting the specific tournament in which you wish to participate and buying the appropriate ticket for the corresponding level.

 

Pros and Cons

✔️ PROS ❌ CONS
Free ticket buy-ins available No information regarding accepted deposit currencies

 

You might also like: FX Arena Sign up Bonus

You might also like: FX Arena Demo Account

You might also like: FX Arena Fees and Spreads

You might also like: FX Arena Account types

 

FAQ’s

 

What is the minimum deposit for FX Arena?

The cost of entering will depend on the specific tournament, as outlined below:

  • Free – No question needed; the ticket is free. Traders registered as FX Arena members will be able to participate in these contests without having to pay anything.
  • Warm Up – Contests in the Warmup category could be free or extremely low.
  • Low – Ticket costs around 0-99 USD
  • Medium – Ticket costs around 100-999 USD
  • High – Ticket costs around 1,000 USD or more.

FX Arena members own the right to choose which type of content and how much they are willing to pay for a ticket in the FX Arena platform.

 

How do I make a deposit and withdrawal with FX Arena?

To participate in an FX Arena trading tournament, traders need to buy tickets. A part of the ticket will go on to the prize pool, while the other half will go on to pay the royalty.

The prize received by the winner will then be deposited into his FX Arena account, from which it could be withdrawn any time.

Traders will be able to withdraw their winning using traditional bank wire, credit card, and unspecified online payment methods.

 

Does FX Arena charge withdrawal fees?

The broker does not provide any information regarding deposit fees and withdrawal fees, which is concerning, as such fees represent valuable information for traders wishing to understand the broker’s overall cost structure.

 

How long does it take to make a withdrawal?

Typically, bank wire transfers can take up to three working days, depending on the bank and your location, while most online payments can take up to 10 minutes.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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