FXCM is one of the top-rated brokers in South Africa. FXCM offers high-quality Forex trading services at zero compromises.
Forex experts are trading with FXCM for its lower prices and better-than-average customer services. We will review FXCM minimum deposit in South Africa. Additionally, we will talk about the factors related to a minimum deposit.
FXCM Minimum Deposit South Africa – FXCM Introduction
FXCM was established in 1999 by Jefferies Financial Group. In 2017, the company was rebranded as FXCM (Forex Capital Markets). It was established in the United Kingdom. The broker has earned quite a bit of recognition in the market. FXCM is an average man’s trader. It also has multi regulations.
If a trader wants to open an account with FXCM, they should read our review. FXCM minimum deposit South Africa.
Minimum Deposit
FXCM offers a minimum deposit limit of 50 USD. A deposit limit of 50 USD is average according to market standards.
High-end brokers
Many high-end brokers offer minimum deposit rates around 100 USD or above. Mostly institutional or professional traders use these brokers.
Low-end brokers
Low-end brokers who aim at new traders offer low deposit rates. Their deposit rates are usually around 10 USD or even lower.
Moderate brokers
Moderate brokers offer minimum deposit rates of around 20 to 50 USD. These brokers want to offer premium-grade services for average traders. Some traders want to opt for good services, and they don’t mind paying a little extra for it.
Hence, FXCM is a moderate broker.
Benefits
A 50 USD, minimum deposit limit helps traders to get good services at lower prices. If an average trader is entering the market, they might not want to spend over 100 bucks with a broker. Thus, FXCM makes premium Forex trading more accessible.
Deposit fees
There are no deposit fees with FXCM. If you deposit money from your account to FXCM, you won’t be charged extra. However, that can be a mediator’s fee.
Deposit methods
FXCM offers the standard transaction methods;
- Wire transfer
- Local bank transfer
- Skrill
- Credit card payment
- Debit card-A payment
- Online bank transfer
- Mobile account money transfer
- Neteller
The FXCM doesn’t offer PayPal deposits. Credit/debit cards can be used to transfer money. However, you can only withdraw money through cards equal to the amount you deposited in your account.
Deposit delay
The transaction shows up instantly via online transfers. However, bank wire transfers can sometimes take a few days to complete.
Deposit Currencies
FXCM offers deposits in a few major currencies.
- GBP
- EUR
- USD
The FXCM brokers in South Africa offer services in ZAR. However, FXCM doesn’t accept deposits from minor currencies. Hence, we recommend contacting FXCM support to get information regarding your currency.
Deposit guide
We suggest following our FXCM deposit guide to avoid any issues.
- Make sure you have enough funds in your account
- Make sure to use a stable internet connection
- Log in to your FXCM account
Deposition method;
- Select the “deposit funds” section
- Enter the payment method
- Pay the amount you wish to add to your account
Conclusion
FXCM minimum deposit South Africa is an attractive offer for average traders. FXCM has made premium-level trading easy for new traders.
