Orbex Minimum Deposit

 

 

Orbex Minimum Deposit review

 

Orbex Minimum Deposit

 

The Orbex minimum deposit amount that Orbex requires is $200.

The minimum deposit amount of $200 when registering a live account is equivalent to ZAR3,558.29 at the current exchange rate between US Dollar and South African Rand on the day and at the time that this article was written.

Orbex is based in Cyprus and is authorized and regulated by one of the strictest and most demanding regulating entities namely CySEC, 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 Orbex 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

 

Orbex does 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 Card
  • Bank Wire Transfer
  • MoneyBookers
  • WebMoney
  • Neteller, and
  • Fasapay

 

Orbex supports the following deposit currencies in which traders can fund their accounts including:

  • USD
  • PLN
  • GBP
  • EUR, and more

 

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  
3.      Most deposit currencies are supported  
4.      Variety of payment methods supported  

 

FAQ

 

What is the minimum deposit for Orbex?

$200.

 

How do I make a deposit and withdrawal with Orbex?

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

  • Credit/Debit Card
  • Bank Wire Transfer
  • MoneyBookers
  • WebMoney
  • Neteller, and
  • Fasapay

 

Does Orbex charge withdrawal fees?

No

 

How long does it take to make a withdrawal?

  • Apart from Bank Wire Transfer and Credit/Debit Cards, all other payment methods have a 24 hour processing time. Bank Wire Transfer and Credit/Debit Cards take between three to five business days.