Our Opteck Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to deposit the minimum amount
- Pros and Cons
Minimum Deposit
Opteck has a minimum deposit amount of $250 (3 705 ZAR).
The minimum deposit amount that Opteck requires when traders register a live trading account will depend on the account type. The amounts that traders can expect are as follows:
- Basic Account – $250 (3 705 ZAR)
- Bronze Account – $1,000 (14 821 ZAR)
- Silver Account – $2,500 (37 054 ZAR)
- Gold Account – $10,000 (148 214 ZAR)
- Platinum Account – $25,000 (370 535 ZAR)
- Black Account – To be verified with customer support
The minimum deposit requirement that Opteck has is based on the exchange rates between the US Dollar and the South African rand, on the day of writing. Opteck is a regulated broker that guarantees that client funds are kept in segregated accounts, separate from the broker account.
Opteck is also required to ensure that traders are provided with a safe, fair, and transparent trading environment, as per regulatory requirements and guidelines.
Deposit fees and deposit methods
Opteck does not charge any deposit fees when traders fund their account with the minimum deposit amount. Traders also have access to the following flexible payment methods which can be used to deposit funds:
- Credit/Debit card
- Bank Wire Transfer
- Skrill
- Neteller
- Western Union
When traders pay the minimum deposit, they can make use of the following deposit currencies which are supported by Opteck:
- EUR
- USD
- AUD
Traders who trade with Opteck must note that while there are no deposit fees charged, financial institutions such as banks may charge processing fees when traders deposit funds from their bank account into their trading account.
Traders must also note that if they deposit in a currency which is different from their local currency that conversion fees may be charged and deducted from the deposit. Traders must verify these fees before they register a trading account with Opteck.
Step by step guide to deposit the minimum amount
To deposit funds into the trading account, traders must sign into their trader’s dashboard on the Opteck website and navigate to the section designated for deposits and withdrawals.
Traders can then select their preferred deposit method followed by the deposit currency. Traders can enter the amount they wish to deposit and follow additional prompts and/or instructions to confirm and verify their deposit.
Depending on the deposit method, the funds may either reflect instantly or take a few business days to reflect.
Pros and Cons
PROS | CONS |
Deposit fees are not charged | High minimum deposit |
Range of flexible funding methods | Limited deposit currencies |
Range of flexible trading accounts offered |
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FAQ
What is the minimum deposit for Opteck?
Opteck has a minimum deposit of $250 (3 705 ZAR).
How do I make a deposit and withdrawal with Opteck?
- Credit/Debit card
- Bank Wire Transfer
- Skrill
- Neteller
- Western Union
Does Opteck charge withdrawal fees?
Yes, Opteck does charge a 3.5% withdrawal fee except for Platinum and Black first withdrawals, but other financial institutions costs could also apply.
How long does it take to make a withdrawal?
This will depend on the payment method used. It can take between 30 minutes up to a few working days.
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