All Share (J203) = 87 916
Rand / Dollar = 18.17
Rand / Pound = 23.51
Rand / Euro = 19.82
Gold (usd/oz) = 2 983.40
Platinum (usd/oz) = 1 008.60
Brent (usd/barrel) = 70.58
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Opteck Minimum Deposit

Opteck Minimum Deposit

 

 

Our Opteck Minimum Deposit Revealed:

 

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

 

You might also like: OneTrade Account Types

You might also like: OneTrade Demo Account

You might also like: OneTrade Fees and Spreads

You might also like: OneTrade Islamic Account

You might also like: OneTrade Sign up Bonus

 

 

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.

Rate this post

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

April 26, 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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