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TRADERSHOME Minimum Deposit

 

Finding a reputable list about TRADERSHOME 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.

Overall Rating

4.7/5

Rated #264 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

Not Regulated

📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

8

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Minimum Deposit

TRADERSHOME has a minimum deposit requirement of $250 for the Student Account and $2 500 for the Starter Account.

This minimum deposit amount was equivalent to ZAR 3640 and ZAR 36360 at the average exchange rate between the US Dollar and the South African Rand at the time of writing.

Depending on TRADERSHOME’s authorisation as a broker and its regulatory authorities, one of the requirements may be 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 minimum deposit that TRADERSHOME requires when registering a live account is fairly high.

TRADERSHOME offers 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.

TRADERSHOME accepts the following payment methods:

  • Credit Card,
  • Debit Card,
  • Skrill,
  • Wire Transfer,
  • WebMoney,
  • Neteller,
  • Western Union

TRADERSHOME does/ not levy additional fees, but third-party charges may be applicable. Processing times are instantly for deposits, and withdrawals are also processed within one or two days.

Deposit currencies which are accepted include USD, EUR and GBP

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 TRADERSHOME 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.

 

Pros and Cons

PROS CONS
Reliable payment methods offered to fund accounts Currency conversion fees may apply
Fast withdrawal promised with no charges Offshore and unregulated broker may compromise funds safety
Deposits can be made in several currencies Zero clarity on trading conditions

 

FAQ

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

$250

How do you make a deposit and withdraw money with TRADERSHOME?

TRADERSHOME offers the following deposit and withdrawal methods:

  • Credit and debit cards
  • Skrill
  • Wire Transfer
  • WebMoney
  • Neteller
  • Western Union

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 TRADERSHOME charge withdrawal fees?

Fees from financial institutions may be applicable.

How long does it take to make a withdrawal?

Withdrawals by means of certain methods may be processed within a day, but those via wire transfers may take a few business days.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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