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IronFX Minimum Deposit

IronFX Minimum Deposit

 

Overall Rating

4.5/5

Rated #187 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, FSCA, CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The IronFX Minimum Deposit amount to open a real trading account is 500 (five 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 required to open a broker account with them is $500. This is not the lowest minimum deposit in the industry, with many brokers requiring as little as $10 or $50 instead.

As such, this would present a relatively high barrier of entry for new or beginner traders, who would need a higher capital requirement in order to trade with this broker.

 

Deposit fees and deposit methods

They have a varied, though limited selection of available deposit methods, which consist of the following:

  • Credit/Debit Card
  • Bank wire
  • Skrill
  • Neteller
  • Fasapay
  • China Union Pay
  • DotPay
  • Mail order and telephone order

 

They do not charge any fees for deposits. However, your respective banks or payment providers might charge you additional fees, which are beyond the broker’s control.

You can withdraw funds if you have open positions on your platform. Please note that your free margin must exceed the amount specified in the withdrawal instruction, including all payment charges. You will not be able to make a request if you have insufficient funds.

You can withdraw your profits only through the Bank Wire.

You can receive your initial deposit via the payment method initially used and then all excess funds (profits) will be sent to your bank account. In order for the above to take effect, you need to apply for a bank withdrawal from your client portal.

The currencies in which you can deposit depends on the payment method you chose. Deposits in different currencies will be converted into the base currency of your trading account at the prevailing rate at the given time.

Deposit currencies accepted by them are unfortunately relatively limited, and consist of the following options only:

  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • PLN
  • RUB
  • HUF

 

These options do not include such currencies as ZAR (Rand).

 

Step by step guide to deposit the minimum amount

In order to deposit funds into your account, you will need to take the following steps:

  1. You can deposit your funds via the client portal.
  2. Click on the `Deposit Funds` Tab and chose the appropriate funding method.
  3. Please note that deposit can take up to 24 hours to be processed depending on the method you choose. Bank Wire transfers can take up to 3 working days, depending on the bank.

 

Overall Rating

4.5/5

Rated #187 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, FSCA, CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
A varied amount of deposit methods

Easy deposit process

No deposit fees

High minimum deposit

Limited deposit currencies

 

You might also like: IronFX Sign up bonus

You might also like: IronFX Demo account

You might also like: IronFX Fees and Spreads

You might also like: IronFX Account Types

You might also like: IronFX Islamic Account

 

FAQ’s

What is the minimum deposit for IronFX?

Their minimum deposit requirement is $500, which is relatively high.

How do I make a deposit and withdrawal with IronFX?

In order to deposit funds into your account, you will need to take the following steps:

  1. You can deposit your funds via the client portal.
  2. Click on the `Deposit Funds` Tab and chose the appropriate funding method.
  3. Please note that deposit can take up to 24 hours to be processed depending on the method you choose. Bank Wire transfers can take up to 3 working days, depending on the bank.

Does IronFX charge withdrawal fees?

They do not charge any fees for deposits. However, your respective banks or payment providers might charge you additional fees, which are beyond the broker’s control.

How long does it take to make a withdrawal?

Withdrawals can take up to 24 hours to be processed depending on the method you choose. Bank Wire transfers can take up to 3 working days, depending on the bank.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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