FXOpen Minimum Deposit is $1/R14.95 ZAR. This type of minimum deposit is extremely low and makes it very affordable for first-time traders.
FXOpen at the Glance
Choose your short section of our FXOpen Minimum Deposit below.
FXOpen Minimum deposit – 9 key points quick overview:
FXOpen at the Glance- FXOpen Minimum deposit – 9 key points quick overview:
- FXOpen Minimum Deposit
- FXOpen Deposit Fees and Deposit methods
- FXOpen Step by step guide to depositing the minimum amount
- FXOpen Customer Reviews
- FXOpen Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the FXOpen Minimum deposit as well as the pros and cons as well as features that are offered to traders.
FXOpen Minimum Deposit
FXOpen has a minimum deposit requirement of only $1.
The minimum deposit amount of $1 when registering a live account is equivalent to ZAR14.95 at the current exchange rate between US Dollar and South African Rand on the day this review was written.
FXOpen falls under the strictest regulation entities in the UK, namely the FCA. Under its authority, the broker must keep client funds in segregated accounts. It can only be used by traders to conduct their trading.
Regulated brokers like FXOpen are also required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.
FXOpen Deposit Fees and Deposit methods
The minimum deposit required by FXOpen is extremely low. In addition, it does not charge any deposit fees when traders fund their trading accounts. This can be done through any of the following payment methods:
| ?Credit/Debit Cards | ||||
| ?China UnionPay | ||||
| ?Walao! Pay | ||||
| ?Alfa-Click | ||||
| ?Local Wire Transfers (or Skrill) | ||||
| ?Local Deposits | ||||
| ?Bank Wire Transfer, and many more. |
Deposit currencies accepted are USD, EUR, GBP, AUD, CHF, JPY, and RUB. In addition, it also accepts MYR, THB, IDR, VND, and CNY.
Traders must also take note that they need to verify whether their financial institution waives its own fees as there may be additional fees payable.
FXOpen Step by step guide to depositing the minimum amount
When funding the trading account, traders can do it from their own bank account after the process of registering for a live account is completed.
The trader can make the initial minimum deposit by using these steps:
Step 1 – Log into their account
- First, log into the Client Portal and click on the ‘Add Funds’ menu and select one of the supported payment methods.
- The trader will then be redirected to a page where they must complete the transaction.
Step 2 –Funds
Complete the form with the minimum deposit amount required, the currency, and the trading account number, and then click on ‘Add Funds’.
Step 3 – Transaction
- The trader will then be redirected to a page where they must complete the transaction.
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.
FXOpen Customer Reviews
There’s nothing new with bitcoin…
There’s nothing new with the bitcoin price manipulation….dumping and liquidating millions of dollars in the process. If you want to be safe just trade and don’t hold. The bottom line in bitcoin has always been volatility. So perhaps rather than clutching to the idea of just holding and waiting for the price to go up every time, why not start trading with a reliable strategy from a good crypto expert? I have been following the same approach by trading with Luis’s strategy and I’ve watched my portfolio increase exponentially since April. he’s definitely one of the best crypto experts you can rely on and his signals are mostly 99% accurate, efficient, and easy to execute in your daily trades. For those who need a better understanding of trading cryptocurrency profitably. I would urge everyone to take the train now. You can contact Mr. Luis T via Telegram @LuisT62
Excellent service allround.
Excellent service allround.
Good trading platform
Very good support team
No issues look
5/5 Definitely would recommend it for beginners and pros alike.
Great broker I have been using them since 2019.
Whenever I had an issue I could always contact either the live chat or submit a ticket and have it quickly resolved.
FXOpen Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low minimum deposit requirement | Currency conversion fees may apply |
| No deposit fees charged | |
| Various payment methods offered | |
Conclusion
The lowest FXOpen Minimum Deposit is $1/R14.95 ZAR. This type of minimum deposit is extremely low and makes it very affordable for first-time traders.
You might also like: FXOpen Review
You might also like: FXOpen Account Types Overview
You might also like: FXOpen Demo Account – Step by Step
You might also like: FXOpen Fees and Spreads
You might also like: FXOpen Islamic Account Overview
You might also like: FXOpen Sign-up Bonus
Frequently Asked Questions
What is the minimum deposit for FXOpen?
The minimum deposit for FXOpen is $1.
How do I make a deposit and withdrawal with FXOpen?
- Credit/Debit Cards
- Walao! Pay
- Alfa-Click
- China UnionPay
- Local Wire Transfers (or Skrill)
- Local Deposits
- Bank Wire Transfer
Does FXOpen charge withdrawal fees?
Yes.
- Credit/Debit Cards – 2.5% or USD/EUR 3.5 and RUB 50.
- Walao! Pay – 2% or a minimum of TBH 20 for Thailand, 2% or a minimum of MYR for Malaysia, 2% or IDR 5,000 for Indonesia, 2% or VND 10,000 for Vietnam.
- PayPaid – 2%.
- China UnionPay – 3.5% but not less than 3 CNY (RMB).
- WebMoney – USD/EUR 0.8% or maximum $50/€50.
- Perfect Money – 0.5%.
- QIWI Wallet – 1% for RUB and USD.
- Yandex Money – 1%.
- FasaPay – 0.5% minimum $0.1 or 100 IDR.
- Local Bank Transfers via Skrill – 1% or a maximum $0.68.
- Bank Wire Transfer – From 15 EUR, 45 USD, 1,500 RUB, 35 GBP, 45 CHF/ 65 AUD/ 5,000 JPY.
How long does it take to make a withdrawal?
Withdrawals on the different withdrawal methods will reflect in your account as follows:
- Walao! Pay, PayPal, Credit/Debit Cards, China UnionPay, and all e-Wallets – during one business day.
- Local Withdrawal – up to three bank business days.
- Bank Wire Transfer – one to three business days.
Discussion about this post