The Z.com minimum deposit amount to open a real trading account is 50 (Fifty) 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 Z.com 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.
It is unclear whether Z.com has a minimum deposit requirement. However, the minimum transaction amount for a deposit is set to $50.
The amount of $10 000 is also mentioned, although most sources suggest that there is no minimum deposit requirement.
The possible minimum deposit amount of $50 was equivalent to ZAR 750 at the average currency exchange rate between the US Dollar and the South African Rand at the time of writing.
Depending on Z.com’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
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 Z.com 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|
|Properly regulated by the FCA in the UK, SFC and JFSA||Low leverage for retail clients|
|No deposit fees||Information on minimum deposit not clear|
|Several deposit methods available||No Islamic Account available|
|Demo account can be opened|
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What is the minimum deposit required to open an account with Z.com?
Not clearly indicated. Minimum deposits required for the respective accounts seem to be $10 000, although some sources suggest that there is no minimum deposit requirement. However, the minimum transaction amount for a deposit is set to 50$.
How do you make a deposit and withdraw money with Z.com?
Z.com offers the following deposit and withdrawal methods:
- Wire Transfer
- Credit Card
- Debit Card
The same method that was used to fund an account must normally be used to withdraw money.
Does Z.com charge withdrawal fees?
Withdrawals may incur additional fees depending on the payment method. Card transactions for example requires at least a 2.6% fee. Fees from financial institutions may also be applicable.
How long does it take to make a withdrawal?
The company website does not give any indication of processing times. Even if withdrawals are processed on the same day as requested, depending on the financial institution used, money may take a few days before reflecting in a trader’s account.