The TusarFX minimum deposit amount to open a real trading account is 1 (one) 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 TusarFx 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.
TusarFx has a $1 minimum deposit requirement on all accounts.
When traders register a live trading account with TusarFx, despite the account type that they choose, they only must pay a minimum deposit amount of $1 or 14.64 ZAR at the current exchange rate between the US Dollar and the South African Rand, at the time of writing.
Even though this is a low minimum deposit amount, traders must note that there is a margin requirement that must be met at the start of each trade, even when leverage of 1:500 is applied, and there must be adequate funds in the trading accounts for the trade to be executed.
In addition, TusarFx is not regulated or authorized and this may pose a threat to the security of client funds. Regulated brokers are required to keep all client funds deposited in segregated accounts with top-tier banks. This ensures that client funds are kept separate from the broker account.
There is no guarantee that TusarFx follows this process as there is no client fund security information available on the website. Even when such information is given, traders do not have a way of knowing whether it is true, as there is no regulatory entity that can protect them and enforce this requirement.
Deposit fees and deposit methods
The minimum deposit amount, and all other funds, can only be deposited through two payment methods supported by TusarFx:
- Bank Wire Transfer
- Perfect Money
The base account currencies and deposit currencies available to traders are:
In addition, when making deposits, traders must ensure that the name on the account from where they are depositing is the same as the name in which their trading account was registered. The reason for this is that TusarFx does not accept payments from third parties.
Even though deposit fees are not charged, trades must note that there may be reverse compensation charged on the promotional fee payment coverage offered by TusarFx.
Step by step guide to depositing the minimum amount
Once traders have applied for their live trading account and it has been approved, they can access their TusarFx account from the ‘Trader’s Cabinet’ on the website.
Traders can navigate to the appropriate section for Deposits/Withdrawals, select their method of payment, the amount, and the currency. Next, traders can follow any other prompts or instructions before finalizing and confirming their deposit.
Pros and Cons
|✔️ PROS||❌ CONS|
|Low minimum deposit requirement||Limited deposit currencies|
|No deposit fees||Limited payment methods|
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What is the minimum deposit for TusarFx?
How do I make a deposit and withdrawal with TusarFx?
Does TusarFx charge withdrawal fees?
No. TusarFx does not charge withdrawal fees.
However, the payment fee coverage may be applied as reverse compensation fees and taken from the withdrawal if the total trading volume of the trading account during the last 30 days does not exceed five standard, non-hedging, non-scalping lots.
How long does it take to make a withdrawal?
Withdrawals can either be instant or take up to several days, depending on the payment method the trader uses.