MetaTrader 4, MetaTreader 5
The House of Borse minimum deposit amount to open a real trading account is 5000 (five thousand) 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 5,000 when registering a live account is equivalent to ZAR91,852.25 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.
They are a UK-based broker which is authorized and regulated by one of the strictest and most demanding regulating entities namely the FCA, 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 House of Börse 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 charge deposit fees according to the type of Credit/Debit card the trader uses and should the trader opt to use Bank Wire Transfer, they will be subjected to incoming banking fees.
They only make provision for the use of Credit/Debit Cards and Bank Wire Transfer through which deposits can be made into the trading account.
They only support three deposit currencies in which traders can fund their accounts including:
Step by step guide to depositing the minimum amount
Once the trader has completed the process of registering a real account and the account has been verified and approved, the trader can deposit funds either from their Client Portal or through the trading platform that they choose to use.
Their website does not provide any guidelines as to how funds can be deposited or withdrawn from a trading account and there is no FAQ addressing this query.
MetaTrader 4, MetaTreader 5
Pros and Cons
|Deposit fees are not charged||Only one payment method accepted|
|Credit/Debit Card and Bank Wire Transfer are both reliable and trusted methods of payment||Deposit fees charged|
|Only two payment methods supported|
|Only three deposit currencies supported|
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What is the minimum deposit for House of Borse?
US Dollar 5,000.
How do I make a deposit and withdrawal with the House of Borse?
By making use of either of the following:
- Credit/Debit Card
- Bank Wire Transfer
Traders need to be aware that third-party payments are strictly prohibited, funds must be deposited from and withdrawn to the account that the trader registers with House of Börse.
Does House of Borse charge withdrawal fees?
The House of Börse does not charge withdrawal fees.
How long does it take to make a withdrawal?
- Credit/Debit Card payments may be instantaneous, or it may take a few days to reflect whereas Bank Wire Transfer may take between one to several business days for the funds to reflect in the account of the trader.
An up to date actionable broker summary of House of Borse minimum deposit, methods to fund your trading account, withdrawal fees.