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FXGT Minimum Deposit

FXGT Minimum Deposits

 

Overall Rating

4.5/5

Rated #92 of
Recommended FX Brokers

💰Minimum Deposit

USD 10 

🌐 Regulators

SFSA

📱 Trading Desk

MetaTrader 5

Crypto

No

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

ZERO fees, except Bank Wire

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The FXGT minimum deposit amount to open a real trading account is 5 (Five) US Dollar (get the correct answer in the content).  The Minimum Deposit for 1st time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours

The minimum deposit of US Dollar 5 when registering a live account is equivalent to ZAR92.64 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.

They are a Seychelles-based broker that is authorized and regulated by a strict and demanding regulating entity namely FSA, 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 FXGT 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

 

They do not charge any deposit fees when traders deposit the minimum deposit amount.

They support a variety of deposit currencies in which traders can fund their accounts including:

  • USD
  • EUR
  • JPY

 

Traders have the following way within which they can make the minimum deposit:

  • Sending the minimum deposit to their trading account via their Crypto wallet
  • Depositing from the trader’s BitWallet Account
  • Bank Wire Transfer
  • Master Card
  • JCB Credit Card

 

Step by step guide to depositing the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can log into their Client Portal and follow these steps in order to deposit the minimum amount.

Depending on the type of account that the trader has chosen:

  1. Traders will first have to ensure that their trading account has been verified through the provision of required information in addition to relevant required documents.
  2. After the account has been approved and verified, the trader can log into their Client Portal and select the option to deposit funds.
  3. The trader can then select their preferred method of payment and follow the prompts as they appear on the screen.

 

Overall Rating

4.5/5

Rated #92 of
Recommended FX Brokers

💰Minimum Deposit

USD 10 

🌐 Regulators

SFSA

📱 Trading Desk

MetaTrader 5

Crypto

No

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

ZERO fees, except Bank Wire

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
Deposit fees are not charged None noted
Minimum deposit amount lower than most other brokers
Variety of payment methods supported
Variety of deposit currencies supported

 

You might also like: FXGT Sign Up Bonus

You might also like: FXGT Demo Account

You might also like: FXGT Fees and Spreads

You might also like: FXGT Islamic Account

You might also like: FXGT Account Types

 

FAQs

 

What is the minimum deposit for FXGT?

US Dollar 10 or currency equivalent.

 

How do I make a deposit and withdrawal from FXGT?

  • Crypto wallets
  • BitWallet
  • Bank Wire Transfer
  • Master Card
  • JCB Credit Card

 

Does FXGT charge withdrawal fees?

No.

Traders who use Bank Wire Transfer as their withdrawal method will be liable for transaction fees charged by their bank.

 

How long does it take to make a withdrawal?

Withdrawals are processed within 24 hours except Bank Wire

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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FINEXO Review

Overall, Exness is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out