Opening a real trading account with RoboForex requires a minimum deposit of 100 (one hundred) US dollars. Depending on the type of trading account chosen, the Minimum Deposit for New Traders may change. Activation of a deposit may take up to 72 hours.
In order to open a live account, you must deposit at least $100 in US dollars, which, at the time and date this article was published, was equivalent to ZAR1,761.36, is the current exchange rate between the US dollar and the South African rand. The roboforex minimum deposit is up to $10.
As a registered broker, one of their criteria is that client monies be maintained in segregated accounts. They are situated in Belize and are authorized and regulated by stringent regulatory bodies, specifically CySEC and IFSC.
All customer funds must be held apart from the broker account and may only be used for trading purposes in order to comply with this, among other stringent rules and regulations.
Regulated brokers, like RoboMarkets, are expected to be members of a compensation programmed or fund that pays out a specific sum to qualified clients in the event of firm insolvency in addition to assuring client funds protection through segregated accounts.
Deposit charges and methods
When money is deposited into the trader’s account, there are no fees assessed. They accept a wide range of payment options, including but not limited to:
Quick Transfer
Orange Blue Bank
PLC Barclays Bank
debit or credit card
Money Transfer
Skrill
FasaPay
According to the Roboforex Review it allow traders to fund their accounts in a wide range of deposit currencies, including but not limited to:
EUR, USD, PLN, CNY, MYR, IDR, AED, among others, as you can see, all RoboForex accounts, with the exception of the R Stocks Trader account, which is designed primarily for seasoned traders, demand a minimum deposit of 10 USD or 10 EUR.
Just because an account has a minimum deposit requirement doesn’t imply you can start trading with that little money, so keep that in mind. Simply said, you’ll need to trade with greater margins if you want to earn respectable returns with a tiny account. This substantially raises your risk as a result. After viewing Roboforex Review we see depositing money is very simple.
In light of this, let’s examine how RoboForex stacks up against some of its rivals in terms of required minimum deposits.
What is the time required to make a deposit on RoboForex?
The particular deposit method you choose will determine how long it takes to deposit money into your RoboForex account. For example:
Typically, electronic payments happen instantly. However, it can take up to a day in specific circumstances, like Skrill, for example.
The processing time for bank payments can range from one day to three days.
With the exception of China UnionPay, where deposits might take up to a day to process, card payments are handled instantaneously.
debit cards.
Cash and voucher deposits can take up to a day to complete.
Step-by-step instructions for depositing the required minimum
Following completion of the website registration process, the trader can make the initial minimal deposit by doing the following steps:
Access the Client Portal and choose “Deposit”
Choose the amount and the deposit method.
The trader will be taken to the payment processor page to confirm their deposit after making their choice.
Investors should be aware that depending on the method used, the time of day, and the day of the week, transactions involving bank wire transfers may take some time.
Depending on when the payment was received, bank wire transfers can take a single day to a few business days.
Depending on when the payment was made during the day and the day of the week, bank wire transfers might take anywhere from a day to a few business days.
How can I put money into RoboForex and withdraw it?
A range of deposit and withdrawal options are available to you, including but not limited to:
Quick Transfer
Orange Blue Bank
PLC Barclays Bank
debit or credit card
Money Transfer
Skrill
FasaPay
Additionally, Neteller.
Traders should be aware that some payment options are only accessible for deposits and might not be available for withdrawals.
Does RoboForex impose fees for withdrawals?
Yes.
1% for Rapid Transfer
2.4% for credit/debit cards
25 USD, 10 EUR, 20 GBP, 150 PLN, and 75 CHF can be sent via bank transfer.
1 percent for Skrill
FasaPay charges a 0.5% fee
Payza – 1.9 percent
