FxGrow Minimum Deposit

FXGrow -Minimum Deposits

 

FxGrow Minimum Deposit

 

The FxGrow minimum deposit amount that FxGrow requires is $100.

The minimum deposit amount of $100 when registering a live account is equivalent to ZAR1,856.26 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.

FxGrow is a Cyprus-based broker which is authorized and regulated by one of the strictest and most demanding regulating entities namely CySEC, 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.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as FxGrow are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

 

Deposit fees and deposit methods

 

FxGrow does not charge any fees when deposits are made into the trader’s account.

 

FxGrow supports a variety of deposit currencies in which traders can fund their accounts including:

  • USD
  • EUR
  • PLN
  • GBP, and more.

 

Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. The base currencies are USD, EUR, and GBP.

 

Step by step guide to deposit the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

  1. Log into the Client Portal and select ‘Deposit’
  2. Select the deposit method along with the amount.
  3. After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

 

Pros and Cons

 

PROS CONS
1.      Deposit fees and withdrawal fees are not charged 1.      None noted
2.      Quick and easy depositing of funds

 

FAQ

 

What is the minimum deposit for FxGrow?

$100.

 

How do I make a deposit and withdrawal with FxGrow?

You can make use of the following payment methods to deposit or withdraw funds:

  • Credit/Debit Cards
  • E-wallets such as Neteller, Skrill, WebMoney, Yandex money and Qiwi
  • CashU, and
  • Bank Wire Transfer

 

Does FxGrow charge withdrawal fees?

No.

 

How long does it take to make a withdrawal?

  • Credit/Debit Cards – instant
  • E-wallets such as Neteller, Skrill, WebMoney, Yandex money and Qiwi – instant
  • CashU – instant, and
  • Bank Wire Transfer – between 2 to 5 working days