| 🌐 Account | Abshire Smith Mini | Abshire Smith Mini ECN | Abshire Smith Standard | Abshire Smith VIP |
| 💰 Minimum Deposit | $500/R8 000 ZAR | $1 000/R16 000 ZAR | $1 000/R16 000 ZAR | $10 000/R160 000 ZAR |
| 💻 Platform Types | MetaTrader4 | MetaTrader4 | MetaTrader4 | MetaTrader4 |
| 💳 Deposit currencies | USD, EUR, and GBP | USD, EUR, and GBP | USD, EUR, and GBP | USD, EUR, and GBP |
| 👉 Open a account | Click Here | Click Here | Click Here | Click Here |
Min Deposit
USD 250
Regulators
FCA
Trading Platform
MT4, Vertex FX10, Statacator
Crypto
No
Total Pairs
40+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Abshire Smith Minimum Deposit below.
Abshire Smith Minimum Deposit – 7 key points quick overview:
Abshire Smith Minimum Deposit- Abshire Smith Deposit fees and deposit methods
- Abshire Smith at a glance
- Step by step guide to deposit the minimum amount
- Abshire Smith Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the Abshire Smith Minimum deposit as well as the pros and cons as well as features that are offered to traders.
Abshire Smith Minimum Deposit
Abshire Smith has a minimum deposit requirement of 500 USD to open an account, which is higher than most established Forex brokers.
This minimum deposit amount is equivalent to ZAR 7400 at the average exchange rate between the US Dollar and the South African Rand at the time of writing.
The relatively higher initial deposit is designed to deter small retail traders from opening an account with the company. This $500 initial deposit qualifies for a Mini account, while a $1 000 initial deposit can provide access to either the Mini ECN account or the standard live trading account. VIP accounts need deposits of more than $10 000.
Abshire Smith is a broker that is authorised and regulated by the FCA in the United Kingdom, with strict regulations such as the requirement that client funds must be kept in segregated accounts.
In complying with this, client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Abshire Smith Deposit fees and deposit methods
When compared with other brokers, the minimum deposit of $ 500 that Abshire Smith requires when registering a live account is quite high.
Abshire Smith however offers traders a vast number of payment methods which can be used when making deposits:
| 💳 Deposit at a local bank |
| 💳 Online credit or debit transfer |
| 💳 eWallet payment gateways such as Skrill, CashU, Neteller and others |
USD, EUR, and GBP are offered as base account deposit currencies.
Withdrawals can also be done through bank transfer, credit, or debit cards, Skrill, as well by e-wallets CashU and Neteller.
Withdrawals are generally processed on the same day if it is requested during business hours, which is from 09:00 to 17:00 UK Time. Due to third party payment intermediaries like the banks, credit cards, or e-wallet gateways, the time for receiving of funds can be up to seven business days.
Traders must ensure that they verify whether the financial institution they use charges its own fees as there may be additional fees payable then. These often depend on the payment method used as well as the amount which is deposited into the trading account.
Abshire Smith at a glance
| 🔎 Broker's Name | Abshire Smith |
| 📍 Headquartered | London, United Kingdom, Wales |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 under European FCA regulation, otherwise 1:200 |
| 💰 Minimum Deposit | 500 USD |
| 💳 Deposit Options | Wire transfer, Neteller, Skrill, CashU |
| 💳 Withdrawal Options | Wire transfer, Neteller, Skrill, CashU |
| 💻 Platform Types | Vertex FX 10, MetaTrader4 and Stratacator |
| 📱 OS Compatibility | Mobile, web, iPhone, iPad |
| 👨💼 Languages supported on Website | English and Arabic |
| 👥 Customer Support Languages | English and Arabic |
| 📆 Customer Service Hours | 24 hours 5 days per week |
| 👉 Open a account | Click Here |
Step by step guide to deposit the minimum amount
When funding the trading account, traders can do it from their own bank account by sending the funds to one of the Abshire Smith segregated client accounts.
Traders can also access the option to deposit the minimum amount from their personal area after having registered a live trading account which has, subsequently, been approved.
Traders must log into their personal area, select ‘payment’, 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.
Min Deposit
USD 250
Regulators
FCA
Trading Platform
MT4, Vertex FX10, Statacator
Crypto
No
Total Pairs
40+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Abshire Smith Pros and Cons
| ✔️ Pros | ❌ Cons |
| Several payment methods provided | Minimum deposit is relatively high |
Conclusion
Abshire Smith Minimum Deposit is $500/R8 000 ZAR for a Mini account, $1 000/R16 000 ZAR deposit for the Mini ECN account and the standard live trading account, and for the VIP account a deposit of $10 000/R160 000 ZAR.
The Abshire Smith Minimum Deposit is $500. This is above average when compared to other broker minimum deposit fees, making it less accessible to beginner and smaller retail traders.
You might also like: Abshire Smith Review
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You might also like: Abshire Smith Islamic Account Overview
You might also like: Abshire Smith Sign up Bonus
Frequently Asked Questions
What is the minimum deposit for Abshire Smith?
The minimum deposit $ 500.
How do I make a deposit and withdrawal with Abshire Smith?
Abshire Smith offers the following popular deposit and withdrawal methods:
- Skrill
- Wire transfer
- Neteller
- CashU
Does Abshire Smith charge withdrawal fees?
No, but fees from a financial institution may apply.
How long does it take to make a withdrawal?
Withdrawals with Abshire Smith are usually processed within a day.
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