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OX Securities Minimum Deposit

OX Securities Minimum Deposit

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

51

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

OX SECURITIES has no minimum deposit requirement.

It is however reasonable to start with a minimum deposit amount to be able to trade. An amount of $1 is equivalent to ZAR 15.50 at the average exchange rate between the US Dollar and the South African Rand at the time of writing.

Depending on their authorisation as a broker, one of the requirements is that client funds must be kept in segregated accounts from the broker account and could only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

When compared with other brokers, the fact that no minimum deposit is required by them when registering a live account is quite beneficial.

They offer traders several payment or deposit methods which can be used when making deposits. Funds always have to be returned in the same method used to deposit.

They accept the following payment methods:

  • Credit/Debit Cards
  • Bank Transfer
  • Skrill
  • Neteller
  • China Union Pay
  • Ali Pay
  • FasaPay
  • PayPal
  • Interac

 

They does not levy deposit fees, but third-party charges may be applicable. Processing times are instantly.

Deposit currencies which are accepted include USD, EUR, CAD, SGD, HKD, GBP and AUD.

Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.

 

Step by step guide to deposit the minimum amount

Traders can fund their accounts from their own bank account by sending the funds to one of the OX SECURITIES segregated client accounts or access the option to deposit the minimum amount from their personal area after having registered a live trading account and it had been approved.

Traders must log into their personal area, select the option for deposits, and follow the instructions to make a 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 which they are sending it to. Should this not be done, traders may be subjected to currency conversion fees.

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

51

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
Reliable payment methods offered
No minimum deposit required for any of the accounts
No commission or deposits fees charged
No withdrawal fees charged
Deposits can be made in several currencies

 

You might also like: OX Securities Sign up bonus

You might also like: OX Securities Demo account

You might also like: OX Securities Fees and Spreads

You might also like: OX Securities Account Types

You might also like: OX Securities Islamic Account

 

FAQ’s

What is the minimum deposit required to open an account with OX SECURITIES?

No minimum deposit amount is required to open any account.

How do you make a deposit and withdraw money with OX SECURITIES?

OX SECURITIES offers the following deposit and withdrawal methods:

  • Credit/Debit Cards
  • Bank Transfer
  • Skrill
  • Neteller
  • China Union Pay
  • Ali Pay
  • FasaPay
  • PayPal
  • Interac

The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.

Does OX SECURITIES charge withdrawal fees?

No.

How long does it take to make a withdrawal?

Withdrawal can take few hours, depending on the funding method a trader uses.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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