Infinox Minimum Deposit

 

A Infinox minimum deposit Review

 

Infinox Minimum Deposit

 

The Infinox minimum deposit amount that Infinox requires is £100.

The minimum deposit amount of £100 when registering a live account is equivalent to ZAR2,151.05 at the current exchange rate between Great British Pound/Pound Sterling and South African Rand on the day that this article was written.

Infinox is 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 Infinox 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

 

Infinox does not charge any fees when deposits are made into the trader’s account. Traders can make use of the following deposit methods when funding their trading account with the minimum deposit amount:

  • Wire Transfer
  • Credit/Debit Card
  • Skrill, and
  • Neteller

 

The specific deposit currencies are not indicated, but it is safe to assume that major currencies such as USD, AUD, GBP, EUR, JPY, amidst others are accepted.

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.

 

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 Infinox?

£100.

 

How do I make a deposit and withdrawal with Infinox?

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

  • Wire Transfer
  • Credit/Debit Card
  • Skrill, and
  • Neteller

 

Does Infinox charge withdrawal fees?

No.

 

How long does it take to make a withdrawal?

  • Wire Transfer – can take anything between two to seven business days.
  • Credit/Debit Card – instant
  • Skrill – instant
  • Neteller – instant