
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:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to deposit the minimum amount
- Pros and Cons
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 offered | Few participants |
MetaTrader 4 and MetaTrader 5 available | No information about the company |
No minimum deposit required | No regulation |
Several payment options available | No traditional trading available |
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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.
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