The FXTrading minimum deposit amount to open a real trading account is 100 (two hundred) 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
The minimum deposit amount of US Dollar 200 when registering a live account is equivalent to ZAR3,522.72 at the current exchange rate between US Dollar and South African Rand on the day and at the time that this article was written.
They are an Australian-based broker and is authorized and regulated by one of the strictest and most demanding regulating entities namely ASIC, 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 FXTrading.com 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 fees when deposits are made into the trader’s account.
Traders can make use of the following payment methods through which the minimum deposit amount can be paid:
• Credit/Debit Cards (Visa and MasterCard)
• Bank Wire Transfer
• Local Bank Transfer
• Neteller, and
They support the following deposit currencies in which traders can fund their accounts including:
• EUR, and
Step by step guide to depositing 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:
- Log in to the Client Portal and select ‘Deposit’
- Select the deposit method along with the amount.
- 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, any 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
|Quick and easy depositing of funds||Deposit fees are charged on Bank Wire Transfer|
|Reliable payment options provided||Withdrawal fees charged on Bank Wire Transfer|
|Variety of deposit currencies supported|
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What is the minimum deposit for FXTrading?
US Dollar 200
How do I make a deposit and withdrawal with FXTrading?
You can make use of the following payment methods to deposit or withdraw funds:
- Credit/Debit Cards (Visa and MasterCard)
- Bank Wire Transfer
- Local Bank Transfer
- Neteller, and
Does FXTrading charge withdrawal fees?
Withdrawal fees of AUUS Dollar 15 are charged when using Bank Wire Transfer.
How long does it take to make a withdrawal?
• Credit/Debit Cards (Visa and MasterCard) – within 24 hours
• Bank Wire Transfer – two to five business days
• Local Bank Transfer – two to five business days
• PayPal – within 24 hours
• Skrill – within 24 hours
• Neteller – within 24 hours
• POLi – within 24 hours