All Share (J203) = 90 015
Rand / Dollar = 18.21
Rand / Pound = 23.61
Rand / Euro = 19.76
Gold (usd/oz) = 3 034.38
Platinum (usd/oz) = 994.60
Brent (usd/barrel) = 71.04
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

FX Arena Minimum Deposit

FX Arena Minimum Deposit ZAR
 

The FX Arena Minimum Deposit is $0. This good when compared to other broker minimum deposit fees, making it accessible to beginner and smaller retail traders.

 

 

Choose your quick section of our FX Arena Minimum Deposit below.

 

FX Arena Minimum Deposit Revealed:

 

Here is our overview of the FX Arena Minimum deposit as well as the pros and cons as well as features that are offered to traders.

 

Minimum Deposit

FX Arena has a minimum deposit requirement of only $1.

This minimum deposit amount was equivalent to ZAR 15 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

FX Arena’ authorisation as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.

 

Deposit fees and deposit methods

Compared to other brokers, the minimum deposit amount that FX Arena requires when traders register a live account is exceptionally low.

FX Arena offers traders several payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.

 

FX Arena accepts the following payment methods:

Visa

Visa Electron

Skrill

Maestro

Neteller

WebMoney

ru

QIWI

AstroPay

MasterCard

Ukash

Przelewe 24

Giro Pay

Fasapay

 

FX Arena does/not levy additional fees, and third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours.

USD is accepted as deposit currency.

Traders must ensure that they verify whether their financial institution charges its own fees.

 

Step by step guide to deposit the minimum amount

Traders can fund their accounts by sending the funds to one of the FX Arena segregated client 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.

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 which they are sending it to, to prevent currency conversion fees being charged.

 

 

Pros and Cons

✔️ Pros❌ Cons
Contests offeredFew participants
MetaTrader 4 and MetaTrader 5 availableNo information about the company
No minimum deposit requiredNo regulation
 Several payment options availableNo traditional trading available

 

You might also like: FX Arena Review

You might also like: FX Arena Account Types Overview

You might also like: FX Arena Demo Account – Step by Step

You might also like: FX Arena Fees and Spreads

You might also like: FX Arena Sign up Bonus

 

 

Frequently Asked Questions

 

 

How does the minimum deposit requirement of FX Arena compare to similar brokers?

 

The minimum deposit requirement of $ 1 is really very low when compared to similar brokers.

 

How do you make a deposit and withdraw money with FX Arena?

 

FX Arena offers the following deposit and withdrawal methods: Visa, Visa Electron, Skrill, Maestro, Neteller, WebMoney, Ru, QIWI, AstroPay, MasterCard, Ukash, Przelewe 24, Giro Pay, Fasapay

 

Does FX Arena charge withdrawal fees?

 

No withdrawal fees are charges.

 

How long does it take to make a withdrawal?

 

It seems from the small print that clients of FX Arena can only withdraw money from their wallets on Sundays and only if the withdrawal amount is above the minimum withdrawal limit, but this limit is not stated on the website. Traders that are unable to withdraw on Sundays are invited to contact the broker via live chat, support ticket, or email.

4.3/5 - (18 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

April 20, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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