The USGFX deposit amount to open a real trading account is 100 (One Hundred) US Dollars. 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 USGFX 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.
USGFX has a minimum deposit requirement of $ 100 for the Mini Account and the Standard Account has a minimum deposit of $10 000. The Pro ECN Account and the VIP Account require minimum deposits of $50 000.
This minimum deposit amount was equivalent to ZAR 1 500 at the average currency exchange rate between the US Dollar and the South African Rand at the time of writing.
Depending on USGFX’s authorization 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 USGFX requires when registering a live account is not too high.
USGFX offers traders several payment or deposit methods which can be used when making deposits. Funds always must be returned in the same method used to deposit.
USGFX accepts the following payment methods:
- VISA, MasterCard
- Wire Transfer
- Perfect Money
- Thailand Online Banking
- Malaysia Online Banking
- Indonesia Online Banking
- Vietnam Online Banking
- China UnionPay
USGFX does/ not levy additional fees, but third-party charges may be applicable. Processing times depend on the method used but the broker promises that a withdrawal process is processed within 24 hours.
Deposit currencies that are accepted include USD and more.
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 depositing the minimum amount
Traders can fund their accounts from their own bank account by sending the funds to one of the USGFX 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 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|
|ASIC regulated with segregated client funds.||High minimum deposit|
|Can trade on MetaTrader 4 and 5.||No Stocks and soft Commodities|
|Many deposit methods offered||Advertised spreads are higher than most.|
|No deposit fees||Limited range of instruments.|
|Personalized coaching via the USGFX Traders Club education program.|
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What is the minimum deposit required to open an account with USGFX?
How do you make a deposit and withdraw money with USGFX?
USGFX offers the following deposit and withdrawal methods:
- Bank Wire
- Local Bank Transfers,
- POLi, Sticpay,
Does USGFX charge withdrawal fees?
Withdrawals may require some fees, for example, credit cards may incur a 3.5% fee and Skrill or Neteller will add on 1.5%. Fees from financial institutions may be applicable too.
How long does it take to make a withdrawal?
Withdrawals using certain methods may be processed within a day but depending on bank services it may take several days for the money to be available.