TradersHome has a minimum deposit requirement to open an account of only $10. This minimum deposit amount is equivalent to ZAR 4 250 respectively at the average exchange rate between the US Dollar and the South African Rand at the time of writing.
TradersHome at a glance
| Broker's Name | TradersHome |
| 🏛️ Headquarters | Kingston, St Vincent, and the Grenadines |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | None |
| 🌐 Countries not accepted for trade | The United States and some other countries |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | No |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $250 |
| 💳 Deposit Options | Credit Card Debit Card Skrill Neteller Wire Transfer, WebMoney Western Union |
| 💳 Withdrawal Options | Credit Card Debit Card Skrill Neteller Wire Transfer, WebMoney Western Union |
| 📊 Platform Types | TH Trader |
| 📶 OS Compatibility | Windows, Linux, MacOS, Android, iOS |
| 📈 Tradable assets offered | Forex Stocks Derivatives Commodities Indices Spot metals |
| 💬 Languages supported on Website | English, French, Russian, Arabic and Italian |
| 💬 Customer Support Languages | English, French, Russian, Arabic and Italian |
| ⏲️ Customer Service Hours | 24 hours a day /5 days a week |
| 📌 Open an account | 👉 Click Here 👈 |
Overall Rating
4.7/5
Rated #264 of
Recommended FX Brokers
Minimum Deposit USD 100
Regulators Not Regulated
MetaTrader 5
Yes
📈 Total Pairs
8
Islamic Account No
Trading Fees Low
24 Hours
TradersHome Minimum Deposit Revealed – 8 Key Points Quick Overview
- ✅TradersHome at a glance
- ✅TradersHome Minimum Deposit
- ✅TradersHome Deposit fees and deposit methods
- Step by step guide to depositing the TradersHome minimum amount
- TradersHome Pros and Cons
- TradersHome Customer Reviews
- Conclusion
- Frequently Asked Questions
TradersHome Minimum Deposit
TradersHome has a minimum deposit requirement of $ 250. This minimum deposit amount is equivalent to ZAR 4 250,00 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
| 💳 Minimum Deposit | $250 |
| ZAR | 4 250 ZAR |
| 📌 Open an account | 👉 Click Here |
TradersHome is an offshore global broker that has its head office in St. Vincent and the Grenadines. This makes TradersHome a risk to trade with as it is not suitably authorized or regulated by a reputable company. One of the requirements of the regulatory authorities, among various other requirements, is that client funds must be kept in segregated accounts from the broker account and could only be used by traders to conduct trading activities.
It is not clear if TradersHome meets this requirement which put client funds at risk.
TradersHome Deposit fees and deposit methods
When compared with other brokers, the minimum deposit that TradersHome requires when registering a live account is fairly high. With TradersHome traders can use the following payment methods:
💳 Debit Card
💳 Bitcoin
💳 Skrill
💳 Wire Transfer
💳 WebMoney
💳 Neteller
💳 Western Union
Deposit currencies that are accepted include EUR, USD, zAR and GBP. Traders are advised to ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.
Step-by-step guide to depositing the TradersHome minimum amount
When funding the trading account, traders can do it from their bank account by sending the funds to one of the TradersHome client accounts. Traders can also access the option to deposit the minimum amount from their personal area after having registered a live trading account and it had been approved.
Step 1 – Log in to the TradersHome official page
To do this, traders need to log into their personal area, select the option for deposits, and follow the instructions to make a deposit. Traders must ensure that they select the correct deposit currency before they make a deposit.
Step 2 – Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.
TradersHome Pros and Cons
| ✔️ PROS | ❌ CONS |
| Islamic Account offered | Clients from the United States not accepted |
| TH platform offered | Fixed spread accounts not offered |
| No deposit or withdrawal fees charged | No clarity on trading conditions offered |
| Offers a variety of live account types | No demo account offered |
| Reliable payment methods | No MetaTrader4 |
| Trading in over 250 trading instruments | Off-shore regulation |
TradersHome Customer Reviews
Good Broker
TradersHome is a regulated FX broker.. – Gabby
TradersHome
TradersHome hosts a good website that is easily accessible and user-friendly, not many rebates are offered- William
TradersHome Affiliate Program
I enjoy the opportunities to earn an income through IB programs offered by forex brokers, perhaps this could be considered in future offerings – Su
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You might also like: TradersHome Demo Account
You might also like: TradersHome Account Types
You might also like: TradersHome Islamic Account
Overall Rating
4.7/5
Rated #264 of
Recommended FX Brokers
Minimum Deposit USD 100
Regulators Not Regulated
MetaTrader 5
Yes
📈 Total Pairs
8
Islamic Account No
Trading Fees Low
24 Hours
Conclusion
Overall, TradersHome is a young broker that offers an ECN no dealing desk model. It offers trading in over 250 financial instruments on the Metatrader5 platform. Traders have a choice between six account types including some accounts offered to Muslim traders. It offers a variety of payment methods.
Unfortunately, the broker is an offshore broker registered in St Vincent and the Grenadines and this makes it an unsafe and risky broker to trade with. TradersHome gathered a strong customer base and a large daily trading volume and has strong customer service available 24 hours a day. The TradersHome website is available in several languages.
Frequently Asked Questions
Can I make a TradersHome minimum deposit in ZAR?
Transactions made in other currencies such as ZAR will incur conversion fees.
How does the minimum deposit of TradersHome compare to similar brokers?
The TradersHome minimum deposit is $ 250, this is a high minimum deposit compared to any off shore regulated broker.
Does TradersHome accept Bitcoin?
Yes, TradersHome accepts Bitcoin as a payment method.
What are the TradersHome deposit methods?
- Credit Card
- Debit Card
- Skrill
- Neteller
- Wire Transfer
- WebMoney
- Western Union
How long does it take to make a withdrawal with TradersHome?
Withdrawals using certain methods may be processed within a day, but those via wire transfers may take a few business days.
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