AUSFOREX Minimum Deposit is $1000 / R14 700. This is high when compared to other broker minimum deposit fees, making it less accessible to beginner and smaller retail traders.
AUSFOREX at a Glance
| Broker's Name | Ausforex |
| 📍 Headquartered | London, United Kingdom |
| 📅 Year Founded | 2003 |
| ⚖️ Regulating Authorities | Financial Conduct Authority (FCA), Hong Kong Securities and Futures Commission (SFC), Cyprus Securities |
| 🌐 Countries not accepted for trade | Japan, Iran, Cuba, Sudan, Syria, Belgium, and North Korea |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $1 000/R14 700 USD |
| 💳 Deposit Options | Wire transfer, credit, or debit cards |
| 💳 Withdrawal Options | Wire transfer, credit, or debit cards |
| 💻 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📱 OS Compatibility | Mobile, Web |
| 📈 Tradable assets offered | Forex, Index, Crude Oil, Gold and Silver, and CFDs. Forex trading include |
| 👨💼 Languages supported on Website | English and Chinese |
| 👥 Customer Support Languages | English and Chinese |
| 📆 Customer Service Hours | 24 hours per day, seven days per week |
| 👉 Open a account | 👉 Click Here |
Min Deposit
USD 1,000
Regulators
FCA, SFC, CySEC, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our AUSFOREX Minimum Deposit below.
AUSFOREX Minimum Deposit – 8 key points quick overview:
- AUSFOREX at a Glance
- AUSFOREX Minimum Deposit – 8 key points quick overview:
- AUSFOREX Minimum Deposit
- AUSFOREX Deposit fees and deposit methods
- A step-by-step guide to AUSFOREX deposit the minimum amount
- AUSFOREX Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the Ausforex Minimum deposit as well as the pros and cons as well as features that are offered to traders.
AUSFOREX Minimum Deposit
AUSFOREX requires a minimum deposit amount of $ 1 000. This minimum deposit amount was equivalent to ZAR 14 700 at the average currency exchange rate between the US Dollar and the South African Rand at the time of writing.
Ausforex’s authorization as a broker and its regulatory authorities require that client deposits must be kept in segregated accounts from the broker account and could only be used by traders to conduct trading activities.
AUSFOREX Deposit fees and deposit methods
When compared with other brokers, Ausforex requires a high minimum deposit when registering a live account.
AUSFOREX offers traders very few payment or deposit methods to be used when making deposits. Funds always must be returned in the same method used to deposit them.
AUSFOREX accepts the following payment methods:
| 💳Credit or debit cards | ||||
| 💳Wire transfer | ||||
| 💳Neteller |
e-wallets like Skrill and Neteller are not supported.
Card deposits are processed in real time, but wire transfers can take five business days or more. Withdrawal fees for all card methods are listed as free but fees may be charged by your bank for wire transfers.
Withdrawal via wire transfer takes 1 to 5 working days to reach your account.
Deposit currencies that are accepted include GBP, EUR, USD, AUD, and SGD.
A step-by-step guide to AUSFOREX deposit the minimum amount
Funding your account with Ausforex consists of the following steps:
Step 1 – Log into your Account.
Login to your account and select “Deposit”.
Traders can fund their accounts by sending the funds to one of the Ausforex segregated clients accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved
Step 2 – Select the deposit method
Select the deposit method and fill in your transaction details and confirm your deposit.
Min Deposit
USD 1,000
Regulators
FCA, SFC, CySEC, ASIC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.
Funds must be transferred in the same currency as the bank account to which they are sending it to, to prevent currency conversion fees from being charged. Funds must be transferred in the same currency as the bank account to which they are sending it to. Should this not be done, traders may be subjected to currency conversion fees.
AUSFOREX Pros and Cons
| ✔️ Pros | ❌ Cons |
| MT4 and MT5 offered as trading platforms | Few deposit methods can be used |
| Regulated by several authorities | High minimum initial deposit required |
| Several currencies can be used in accounts | Popular e-wallet options not provided |
| STP/ECN model provided for executing trades |
Conclusion
The AUSFOREX Minimum Depositis $1000/R14 700. This is high when compared to other broker minimum deposit fees, making it less accessible to beginner and smaller retail traders.
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You might also like: Ausforex Fees and Spreads
You might also like: Ausforex Islamic Account Overview
You might also like: Ausforex Sign up Bonus
Frequently Asked Questions
What is the minimum deposit required to open an account with Ausforex?
$ 1 000.
How do you make a deposit and withdraw money with Ausforex?
AUSFOREX offers the following deposit and withdrawal methods:
- Credit or debit cards
- Wire transfer
- Neteller
- e-wallets like Skrill and Neteller are not supported
Does Ausforex charge withdrawal fees?
No, but fees from financial institutions may be applicable.
How long does it take to make a withdrawal?
Card deposits are processed in real time, but wire transfers can take five business days or more. Clients should realize that funds may also take time to reflect in their own bank accounts.
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