The Merrill Edge minimum deposit amount to open a real trading account is 0 (ZERO) 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*
Finding a reputable list about Merrill Edge minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.
Merrill Edge has a minimum deposit requirement of none.
This minimum deposit amount is equivalent to zero ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
Merrill Edge is a broker who is authorized and regulated by strict regulatory entities Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) 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.
Deposit fees and deposit methods
When compared with other brokers, the minimum deposit that Merrill Edge requires when registering a live account is extremely competitive as there is no charge.
Merrill Edge offers traders the following payment methods which can be used when making deposits:
- A bank wire transfer
Deposit currencies that are accepted include:
- Only the USD
Also, when making use of Credit/Debit Cards, there are the following deposit fees waived:
Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.
Step by step guide to depositing the minimum amount
When funding the trading account, traders can do it from their own bank account by sending the funds to one of the Merrill Edge segregated client accounts.
Traders can also access the option to deposit the minimum amount from their personal area after having registered a live trading account which has, subsequently, been approved.
Traders must log in to their personal area, select the option for deposits, and follow the instructions to deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.
Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.
Pros and Cons
|✔️ PROS||❌ CONS|
|No minimum deposit||Only for US clients|
|Well regulated||Fees not clearly stated|
|Award-winning broker||No forex trading|
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What is the minimum deposit for Merrill Edge?
No minimum deposit.
How do I make a deposit and withdrawal from Merrill Edge?
Bank wire transfer.
Does Merrill Edge charge withdrawal fees?
Merrill Edge does not charge withdrawal fees.
How long does it take to make a withdrawal?
This will depend on the payment method used. It can take between 30 minutes up to a few working days.