Our OneTrade Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to deposit the minimum amount
- Pros and Cons
Minimum Deposit
OneTrade has a minimum deposit requirement of $100 (1 482 ZAR).
The minimum deposit amount that traders must pay when they register a live trading account with OneTrade is based on the exchange rate between the US Dollar and the South African rand, on the day of writing.
OneTrade is a broker based in the United Kingdom with strict regulation with the FCA. The FCA is well-known as one of the top regulators in the industry and it has strict laws regarding client funds. OneTrade is required to keep all client funds in segregated accounts with top-tier banks, separate from the broker account.
In addition, OneTrade is also required to conform to all other regulatory standards and guidelines to ensure that traders are provided with a fair, transparent, and safe trading environment.
Deposit fees and deposit methods
OneTrade does not charge any deposit fees when traders pay the minimum deposit amount or make other deposits into their account. The payment methods that OneTrade supports for both deposits and withdrawals are:
- Bank Wire Transfer
- Credit/Debit Card
- Skrill
- Neteller
When traders make deposits into their trading account, they can use any of the following supported deposit currencies:
- EUR
- GBP
- USD
Deposits must be made from an account that is held by the same person as the trading account, according to regulatory requirements. Traders should note that there are limitations that apply to credit/debit card payments and this method should be reserved for urgent deposits.
Traders must choose their deposit method carefully as withdrawals will be processed using the same method used for deposits, also as per regulation.
While OneTrade does not charge any deposit fees, there may be fees charged by the payment provider or financial institution of the trader in the form of processing fees. Deposits made to the trading account can take anywhere from an hour up to several days, depending on the payment method used.
Step by step guide to deposit the minimum amount
To deposit the minimum amount, traders can sign into their OneTrade members area and navigate to the section dedicated for deposits/withdrawals. Traders can select their preferred deposit method, enter the minimum deposit amount, and deposit currency.
Traders can follow the instructions to confirm and verify their deposit and wait for it to reflect in their trading account before they can start trading. Traders must note that OneTrade cannot be held liable for any processing fees charged by the trader’s bank or the broker’s, fees charged will be taken from the deposit amount.
Pros and Cons
PROS | CONS |
Industry-standard minimum deposit amount | Limited deposit currencies |
Deposit fees are not charged | Limited funding methods |
Reliable funding methods |
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FAQ
What is the minimum deposit required to open an account with OneTrade?
$100 (1 482 ZAR).
How do you make a deposit and withdraw money with OneTrade?
- Forex
- Commodities
- Indices
Does OneTrade charge withdrawal fees?
No, OneTrade does not charge withdrawal fees.
How long does it take to make a withdrawal?
Withdrawals can take between a few hours up to several days.
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