FXGlobe Minimum Deposit

FXGlobe has a Minimum Deposit of $250/ZAR 3400. 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.

FXGlobe at a glance

Overall Rating

• 4.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

CySEC, CONSOB, BaFin, MiFID, MFSA

Trading Platform

MT4, WebTrader

Crypto

Yes

Total Pairs

50+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our FXGlobe Minimum Deposit below.

FXGlobe Minimum deposit – 7 key points quick overview:

1. FXGlobe Minimum Deposit
2. FXGlobe Deposit fees and deposit methods
3. Step by step guide to deposit the minimum amount
4. FXGlobe Pros and Cons
5. FXGlobe Customer Reviews
6. Conclusion
7. Frequently Asked Questions

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

FXGlobe Minimum Deposit

FXGlobe has a minimum deposit requirement of $250. This minimum deposit amount was equivalent to ZAR 3400 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

The broker only accepts deposits and processes withdrawals for fully verified accounts. Clients can make a payment through many different deposit methods. FXGlobe is required to keep these funds in segregated accounts at top-tier banks in Europe, away from the company’s broker account that is designed to meet the broker’s operational expenses.

CySEC has also made it compulsory for CySEC regulated Forex brokers to protect its traders through the Investor Compensation Fund (ICF), which is an insurance policy designed to compensate traders up to €20,000 if the Broker shuts down due to bankruptcy or other insolvency procedures.

FXGlobe Deposit fees and deposit methods

Compared to other brokers, the minimum deposit amount that FXGlobe requires when traders register a live account is fair.

FXGlobe 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.

FXGlobe accepts the following payment methods:

Bank Wire

VISA

MasterCard

Bitcoin

DotPay

FasaPay

Neteller

Skrill

FXGlobe does not levy additional fees, but certain third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours. USD and possible a few other currencies are accepted as deposit currencies.

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 FXGlobe 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.

 Step 1 – Log into your account

Log into the accounts area on the broker’s website.

 Step 2 – Select the option to Deposit

Select the option to deposit funds on your dashboard.

 Step 3 – Select a deposit method

Select your preferred deposit method.

 Step 4 – Confirm your deposit amount

Confirm the amount you want to deposit into your account.

FXGlobe Pros and Cons

FXGlobe Customer Reviews

Good

Great company, good market.

Excellent brokerage firm

Excellent brokerage firm. Tons of support and the best training I’ve ever received when it comes to trading the NASDAQ. Really personable brokers, they make you feel a part of the team.

Everything about fxglobe quick and reliable

Everything about fxglobe quick

Conclusion

FXGlobe has a Minimum Deposit of $250/ZAR 3400. 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.

You might also like: FXGlobe Review

You might also like: FXGlobe Account Types Overview

You might also like: FXGlobe Demo Account – Step by Step

You might also like: FXGlobe Fees and Spreads

You might also like: FXGlobe Sign up Bonus

Frequently Asked Questions

Is the minimum deposit requirement the same for all account types at FXGlobe?

No, the minimum deposit requirement of the FXGlobe account types differ and are as follows:  Standard account – $250, Pro account – $1000,  ECN Razor account – $2000 and Razor Plus account – $3000.

Are my deposits safe with FXGlobe?

All deposits made to FXGlobe are held securely in segregated Tier1 bank accounts. Due to their robust core capital reserves and capacity to endure losses, these banks are considered the most trustworthy for safeguarding client funds.

Does FXGlobe have negative balance protection?

Yes, FXGlobe does have negative balance protection.

What are the account currencies for FXGlobe?

Account currencies for FXGlobe are USD, GBP, EUR and JPY.

Does FXGlobe allow scalping and hedging?

Yes, scalping and hegding is allowed by FXGlobe.