Deposit check into forex trading account

Fund your account using a wide range of funding methods.

My list of forex bonuses

Deposit check into forex trading account

With over 300 instruments such as FX pairs, indices, commodities and share cfds, trade your way with vantage FX.

Deposit check into forex trading account

With over 300 instruments such as FX pairs, indices, commodities and share cfds, trade your way with vantage FX.

Trading accounts
- RAW ECN
- Standard STP
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- Islamic
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- Unlimited demo account

Products
- Forex
- Indices
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- US share cfds
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Trading conditions
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- Leverage
- Swap rates
- Oil rollover
- Slippage
- Notification

Platforms

Access the industry leading MT4 and MT5 platforms on your PC, mac, ios and android devices.

Clients

Vantage FX offers clients award-winning customer service, a range of promotions, educational resources and trading tools.

Accounts
- Deposit
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Education
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Free tools
- MT4/MT5 smarttrader tools
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- PRO trader tools
- PRO trader tutorials

About us

Vantage FX is a leading regulated forex broker offering traders around the world access to global markets.

About us
- Who is vantage FX？
- Why choose vantage FX？
- Vantage FX awards
- Our trading servers
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- Contact us

Legal and licensing
- Regulation
- Legal documentation
- Press releases

TRADING
- Trading accounts
  - RAW ECN
  - Standard STP
  - PRO ECN
  - Islamic
  - Compare accounts
  - Unlimited demo account
- Products
  - Forex
  - Indices
  - Energy
  - Soft commodities
  - Precious metals
  - US share cfds
- Trading conditions
  - Trading hours
  - Spreads and commissions
  - Leverage
  - Swap rates
  - Oil rollover
  - Slippage
  - Notification

Platforms
- Trading platforms
  - Metatrader 4
  - Metatrader 5
  - Webtrader
  - Mobile apps
  - Compare platforms

Clients
- Accounts
  - Deposit
  - Withdraw
  - Change leverage
  - Teamviewer
  - Deposits and withdrawals policy
  - Dispute resolution
- Education
  - Learn forex
  - MT4 manuals
  - MT5 manuals
  - MT4 videos
  - Smarttrader tools videos
- Promotions
  - Refer a friend
  - Active trader program
  - 50% deposit bonus
  - FX rebates 10% bonus
- Free tools
  - MT4/MT5 smarttrader tools
  - Forex VPS
  - Economic calendar
  - Forex sentiment indicators
  - PRO trader tools
  - PRO trader tutorials

About us
- About us
  - Who is vantage FX？
  - Why choose vantage FX？
  - Vantage FX awards
  - Our trading servers
  - Our partners
  - Contact us
- Legal and licensing
  - Regulation
  - Legal documentation
  - Press releases

Deposit funds

Deposit funds into your vantage FX
trading account

Deposit funds to your trading account

Flexible funding options to get you trading faster

Vantage FX enables clients to open accounts and deposit funds in the following base currencies:
AUD – dollars, USD – united states dollar, EUR – euro, GBP – british pound sterling, NZD – new zealand dollar, SGD – singapore dollar, JPY – japanese yen, CAD – canadian dollar

* international bank wire transfers may incur fees charged by your financial institution as well as handling fees charged by our financial institution (NAB). Please check with your bank for more information.

¹ and ² subject to risk management and daily limit measures.

^ and ^^ vantage FX may as a gesture of goodwill or as part of a promotion, cover fees charged by the merchant services provider by reimbursing them to your trading account. Contact your account manager for details.

³ A country surcharge may be applied depending on your local jurisdiction. Please contact skrill for more details.

IMPORTANT INFORMATION & FEES

Vantage FX strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your vantage FX trading account. Payment from joint bank accounts or credit cards are accepted if the trading account holder is one of the beneficiaries.

We can only cover fees that we see. Other fees charged by your bank, intermediary bank and/or our financial institution (NAB) remain your responsibility.

In the unforeseen circumstance where funds are not instantly uploaded to metatrader 4, it still remains the responsibility of the client to ensure that they have placed the required funds in their account for trading via other payment methods.

If your account was funded by credit card and a withdrawal is requested within 12 weeks, this withdrawal will be refunded back to the original credit card. The method by which we return client funds is at the sole discretion of vantage FX.

In the circumstance of a chargeback as the client you are responsible to cover any reversed payments and/or chargeback fees. If there are insufficient funds in the trading account to cover, you agree to make deposit to your trading account to cover via bank wire transfer.

Payment options available to you may vary depending on your account base currency and your jurisdiction. Available payment options can be viewed in your client portal.

Fast account opening

Register

Choose an account type and submit your application

Fund your account using a wide range of funding methods.

Trade

Access 300+ instruments across all asset classes on MT4 / MT5

Contact us

Funding methods

BANKING WITH:

Vantage FX is a registered business name of vantage global prime pty ltd. Vantage global prime pty ltd is authorised and regulated by the australian securities & investments commission (ASIC) AFSL no. 428901.

Risk warning:
trading derivatives carries the risk of losing substantially more than your investment. You don’t own or have any rights to the assets that underlie the derivatives (e.G. The right to receive dividend payments). Trading derivatives may not be suitable for all investors, so please read our PDS and other legal documents and ensure that you fully understand the risks involved before making any trading decisions.

The advice on this website is general in nature and does not take into account your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice.

Vantage global prime pty ltd is the issuer of the products described in our PDS and is authorised to provide financial services in australia.

Website disclaimer:
the information on this website is for australian residents only. Any translation of this website we may provide is for the purpose of assisting our local clients with non-english speaking backgrounds.

The information on this site and all matters relating to it are governed by and are to be construed according to the laws applicable in the state of new south wales and the commonwealth of australia (australian law).

Though this website may be accessed from outside australia, the use of this site and the services of vantage global prime pty ltd are not intended for residents outside australia or by any person in a country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Deposit methods

CM trading clients can deposit funds in a number of ways:

Wire (bank) transfers

CM trading works with numerous banks around the world.

Please reference all your deposits with your full name and CM trading account number.

Please click here in order to deposit via wire transfer.

Credit cards and other methods

In order to transfer through any of our other payment methods, login to your account and click on "deposit". For more details, please contact us directly and our support team will take you through the process of depositing online.

CM trading is the brand name of global capital markets trading

The website is operated by CMT processing limited.

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HIGH RISK WARNING:
trading foreign exchange (forex) and contracts for differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

Forex.Com minimum deposit

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

Forex.Com minimum deposit amount

The minimum deposit at forex.Com is $100.

Check the following comparison table to see how forex.Com stacks up against similar brokers when it comes to minimum deposits:

Forex.Com minimum deposit vs. Similar brokers

forex.Com	oanda	IG
minimum deposit	$100	$0	$0

They expect to deposit 100 of your account currency but they advise to have at least 1000 units of your account currency

The minimum deposit means that you will first need to transfer this amount to your brokerage account from your bank account in order to start trading. It is sometimes called an initial deposit or funding.

Beyond the required minimum deposit, there are a couple of other factors to consider when you are about to open an account at forex.Com. Here are the main pros and cons when it comes to depositing at forex.Com:

Pros	cons
• credit/debit card deposit	none
• no deposit fee
• several account base currencies

Open account
79% of retail CFD accounts lose money

Why does forex.Com require a minimum deposit?
Online brokers sometimes require a minimum deposit in order to cover their initial costs associated with creating a new account and to ensure their profitability. The higher the amount you deposited, the higher the chance for you to trade more and generate bigger profits for the broker.

In some cases, the very high minimum deposit (like the £1 million amount at the VIP account of saxo bank) is there to differentiate the level of services they offer you.

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Forex.Com minimum deposit
forex.Com deposit fees and deposit methods

Forex.Com does not charge a deposit fee. This is great because the broker won't deduct anything from your deposits and you only have to calculate with the costs charged by the bank / third-party you send the money with. If you want to know more about forex.Com fees, check out the fee chapter of our forex.Com review.

While there is no deposit fee at forex.Com, the available deposit methods are also important for you. See how forex.Com deposit methods compare with similar online brokers:

Forex.Com deposit methods vs. Similar brokers

forex.Com	oanda	IG
bank transfer	yes	yes	yes
credit/debit card	yes	yes	yes
electronic wallets	yes	yes	yes

The average transfer times for the different methods are:

Wire transfer: 2-3 days

Credit / debit card and online wallets: instant or a few hours

A minor issue with depositing money to forex.Com is that based on our experience it's not user-friendly compared to similar brokers. This means either that the interface is not user-friendly or that figuring out where and how you have to make the transfer is a bit complicated.

The interface to send the minimum deposit to Forex.com

Find out more about depositing to forex.Com on their official website:

Open account
79% of retail CFD accounts lose money

Forex.Com minimum deposit
deposit currencies

Each trading account has a base currency, which means that the broker will hold your deposited money in that currency. At some brokers, you can also have more trading accounts with different base currencies. For example, at IG, it is possible to have both EUR and USD-based accounts.

Why does this matter? A currency conversion fee will be charged if you deposit in a different currency than the base currency of the target trading account. It's likely not a big deal but something you should be aware of.

Some online brokers offer trading accounts only in the major currencies (i.E. USD, GBP, EUR and sometimes JPY) and some support a lot more than that.

Forex.Com trading account currencies vs. Similar brokers

forex.Com	oanda	IG
number of base currencies	6	9	6

Forex.Com supports the major currencies like USD, GBP and EUR, but does not support minor currencies. If you would deposit in a major currency anyway, then the online broker won't have to convert it. However, if you use a minor currency that is not supported, forex.Com will convert your deposits and you will be charged a currency conversion fee.

A convenient way to save on the currency conversion fee if you wish to fund your brokerage account from a less common currency (or just a currency different from your existing bank account) can be to open a multi-currency digital bank account. At revolut or transferwise the account opening only takes a few minutes after which you can upload your existing currency into your new account, exchange it in-app at great rates, then deposit it into your brokerage account for free or cheap.

Want to stay in the loop?

Forex.Com minimum deposit
steps of sending the minimum deposit

The specific process of sending your minimum deposit to forex.Com might vary slightly from the following, but generally the process involves the following steps:

Step 1: open your broker account

At most brokers, you can open your trading account online. To open an account, you have to provide your personal details, like your date of birth or employment status, and there is also usually a test about your financial knowledge. The last step of the account opening is the verification of your identity and residency. For this verification you usually have to upload a copy of your ID card and a document that validates your proof of residence, for example, a bank statement.

If you don't know which broker is suitable for you, use our broker selector tool.

Step 2: make the deposit

First you have to sign in to your already opened trading account and find the depositing interface. After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.

The deposit methods can be one or more of the following:

Bank transfer (sometimes called wire transfer): you have to add your bank account number in the deposit interface. The bank account has to be in your name. After this, you need to start a bank transfer from your bank. The broker will give you a reference number that you'll have to enter as a comment in your transaction. This will allow them to identify your deposit.

Credit or debit cards: just as with a normal online purchase, you are required to enter the regular card details. However, unlike any other online purchase, it's required to use a card that's in your name. In some cases, like with IC markets, you'll also need to verify your card by scanning it and sending it to the broker. This is yet another anti-money laundering measure on their end. Card payment is usually the preferred and most convenient way of depositing. On the other hand, some brokers define a cap for card deposits, so for a larger amount you might have to use the bank transfer.

Online wallets like paypal, skrill, neteller, etc.: it works just like any other online purchase. The interface of the wallet will pop up where you'll have to enter your credentials (username and password) and carry out your transaction.

Step 3: review your transaction

Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.

Open account
79% of retail CFD accounts lose money

How to make a deposit at octafx forex trading account

In order to start trading on real forex account and earn money you need to make a deposit. Before making a deposit you should know that octafx does not charge commission on deposits or withdrawals. Moreover, octafx covers fees applied by payment systems. We also do not limit the number of deposits per day. Deposits with local banks are processed within 1-3 hours, credit/debit card and e-wallet deposits are instant.

Minimum deposit for pro account on metatrader 5 is $500. Forex traders from indonesia, pakistan, malaysia, thailand, india, vietnam dan nigeria can deposit and withdraw using their local banks. Octafx supports a variety of local banks you can choose from.

As mentioned earlier, for those who can not use local banks we support different payment services and credit cards:

Credit or debit visa cards

How to make a bank deposit

You can find “deposit” buttons in the top or sidebar menu as shown in the picture below.

2. Choose among available local banks.

Local banks availability depends on the region you have filled in during the registration process.

For example, indonesian traders can choose between mandiri, BCA, BNI and BRI. For instance, let’s choose BCA. You can select deposit amount from the offered options or put down the amount you wish.

3. Choose preferred bank deposit method

There are three ways you can make a wire transfer deposit which are ATM, online banking and cash deposit at a bank branch:

If you make a deposit online you need to open your online banking app/website, then make transfer with given credentials and make a screenshot of processed transaction.

Find your nearest ATM and deposit using bank details given on the deposit page.

You can also deposit by cash at your bank branch.

Make sure you use correct data in the process of deposit. Please, double check the deposit amount, as it must be the same you state in the deposit request. Here you can see credentials of the banks we cooperate with.

4. Notify after successful bank transfer

On the next step you need to fill in the deposit form: set the amount, choose bank and type of transfer, put in your bank account number and date of payment. We will process your transaction faster if you upload payment proof (screenshot from online banking or payment slip).

Once you confirm the request it will be pending till it is processed by the bank and our financial department in their working hours (monday-friday 06:00-15:00 EET).

E-wallets and credit card deposits

You can also deposit with a credit/debit card, bitcoin or e-wallets. Such deposits are credited instantly. The process is very simple:

1) you need to choose deposit method

We will choose skrill as an example of e-wallet deposit.

2) fill in the deposit amount

Type the amount you wish to deposit and click ‘continue’.

3) double check and confirm the deposit

Then double check the information and click ‘confirm’. After confirmation you will be redirected to the skrill page. Log into your skrill account and proceed deposit. Once request is processed, funds will be credited to your trading account.

4) log in to your payment system

5) make a transfer

Deposit with a card

Please, notice, that according to our AML policy you will need to verify your credit/debit card as we can not accept transactions from the third parties. To make a deposit you need to enter deposit amount, confirm it and fill your credit/debit card details in the form.

Deposit with bitcoin

You can also deposit with bitcoin. After choosing ‘bitcoin’ in the list of payment methods you will see current exchange rate and address of our wallet. Then you need to open your bitcoin wallet and process transaction.

The last step is to download a trading platform of your choice and you are ready to enter forex market! Please, follow this links to download a software:

We also recommend you to check our education section where we post trading forex strategies, forex tutorials and platform manuals.

How do you fund a forex account?

The forex (FX) market is where currencies from around the world are traded. A foreign exchange account is typically what is used to trade and hold foreign currencies online. Using these accounts is easier than it has ever been in the past. Typically, you will just need to open a new account, deposit the amount of money you choose in your country’s currency, and then you are free to sell and buy currency pairs as you see fit.

Key takeaways

Forex accounts are used to hold and trade foreign currencies.

It is easier than ever for individuals to participate in forex trading, due to the development of margin accounts and electronic trading.

You can invest in forex with as little as $1,000.

The biggest difference between trading equities and trading on forex is the amount of leverage required.

Forex accounts can be funded by credit card, wire transfer, personal check, or bank check.

In the past, currency trading was limited to certain individuals and institutions. That's because the funds required to play were significantly higher than for any other investment instrument. However, with the development of electronic trading networks and margin accounts, requirements have changed. Although nearly 75% of forex trading is still done by large banks and financial institutions, individuals are now able to invest in forex with as little as $1,000—thanks in large part to the use of leverage. Despite these changes, making high returns on highly-leveraged currency trades can be difficult, and will require a good amount of patience and skill.

How forex trading works

By using a margin account, investors essentially borrow money from their brokers. Of course, margin accounts can also be used by investors to trade in equity securities. The main difference between trading equities and trading forex on margin is the degree of leverage that is provided.

For equity securities, brokers usually offer a 2:1 leverage to investors. On the other hand, forex traders are offered between 50:1 and 200:1 leverage. This means that traders need to deposit between $250 and $2,000 to trade positions of $50,000 to $100,000.

Learning the ins and outs of investing in a market that contains foreign currencies can be a useful skill to develop in today’s hyper-connected world.

How to fund a forex account

Forex traders are usually given several options when deciding how they will deposit funds into trading accounts. Credit card deposits have by far become the easiest way. Since the development of online payment services, digital credit card payouts have become increasingly efficient and secure. Investors can simply log in to their respective forex accounts, type in their credit card information and the funds will be posted in about one business day.

Investors can also transfer funds into their trading accounts from an existing bank account or send the funds through a wire transfer or online check. When choosing to perform a wire transfer, keep in mind that most banks will charge about $30 per wire, and there may be a delay of two to three days before the amount will show in the recipient’s account for the first transfer performed.

Traders are also usually able to write a personal check or a bank check directly to their forex brokers. The only problem with using these other methods is the amount of time that is needed to process the payments. For example, paper checks can be held for up to 10 business days (depending on the individual’s bank and the state) before being added to a trading account.

Funding

How can I fund my account?

You can securely fund your account by logging in to myaccount and visiting the funding page. Forex.Com cannot accept deposits from third parties. Please note that you may experience longer processing times if the name on the originating account does not match your FOREX.Com account.

There are three easy ways to fund your account:

Bank transfer (ACH) – recommended

You can transfer a maximum of $10,000 or currency equivalent per transaction and funds will typically be available immediately for trading. The minimum transaction for bank transfers is $100 per transaction. We accept USD, no fee for bank transfers.

Wire transfer

There is no minimum or maximum deposit amount for wire transfers. Wire transfers may take up to 1-2 business days for domestic wires and 2-5 days for international wires before they are available for trading. We accept USD, EUR, CAD, JPY, CHF, AUD and GBP. FOREX.Com does not charge fees for income wires. However, your bank may charge a service fee. Wire transfers that involve a bank outside of the US may require an intermediary US bank. US intermediary banks may charge a transaction fee.

Debit card

Debit cards must be verified before use. You can deposit a maximum of $10,000 (or currency equivalent) per transaction and funds will typically be available immediately for trading. The minimum transaction for bank transfers is $100 per transaction. We accept visa and mastercard in USD, GBP and EUR. However, please be aware that all debit card transactions are automatically converted to USD. FOREX.Com does not charge fees for incoming card deposits. If you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank.

What is the minimum/maximum amount I can deposit?

You can deposit a minimum of $100 per transaction if funding by bank transfer or debit card. However, we recommend a minimum $2,500 to allow you more flexibility and better risk management when trading your account.

You can deposit a maximum of $10,000 per transaction if you are funding by bank transfer or debit card. Wire transfers have no restriction on transaction size.

Can I fund with a personal check or business check?

Currently, we are not accepting personal or business checks.

How are my funds protected?

All customer deposits are kept separate from our own operating funds and distributed across a global network of custodian banks. Every bank we use holds an investment-grade rating and is monitored as per the guidelines set by the risk committee of GAIN's board of directors.

What is third-party funding?

A third party is considered to be anyone who is not an owner of the account.

For the purposes of a funding or withdrawal transaction, the name(s) on the FOREX.Com trading account must be an exact match with the name(s) on the account of the other financial institution.

Can I use multiple payment sources to fund my account?

Yes, you are free to use multiple sources at any time to fund your account.

Keep in mind, if you have deposited funds using multiple methods you must exhaust the total deposit amounts based in the following order:

Bank transfer

Debit card

Wire

Paper check

Excess funds may be withdrawn via bank transfer, wire or paper check. In the event you add a new bank account to withdraw excess funds, FOREX.Com will require evidence of the account by uploading a bank statement.

What should I do if the card I used to fund my account is closed, lost, stolen or not available for withdrawal?

In accordance with our anti-money-laundering policy, we are legally obligated to verify the status of the original funding account before we can process a withdrawal of funds to another source.

In the event that the original funding account is no longer available, you will need to provide us with evidence of its status, such as an account statement or relative document issued by your bank. Documentation must include the following:

Name of the account holder (must match name on FOREX.Com account)

Last four digits of account number and/or payment to FOREX.Com

Language noting the status change of your account

My deposit has been declined. What should I do?

Your bank may decline your transaction for several reasons. These may include:

Insufficient funds

Incorrect expiry date

Incorrect CVC number (the 3-digit security code on the back of your card)

Invalid card number

Out-of-date address details

Suspected fraudulent transaction

To resolve this, you will need to contact your card issuer.

Does FOREX.Com accept western union or paypal?

No, we do not accept payments through western union or paypal.

How will a card deposit appear on my bank statement?

When you deposit funds into your FOREX.Com via a card, it will appear as a purchase.

Why is the amount posted in my account less than the amount I wired?

Your deposit may be reduced by a service fee charged by your bank. FOREX.Com does not charge incoming wire fees.

I funded my account by bank transfer. Why don't I see this amount available for withdrawal or transfer?

Funds deposited by bank transfer are not available for withdrawal until 5 business days after the deposit date.

Can I transfer funds between multiple trading accounts?

Fund transfers are available between linked trading accounts. To link accounts, click the 'link your trading account' button in the summary section of myaccount and follow the instructions. Please allow up to two business days to process your request. You will receive an email with additional instructions once the accounts are linked.

After the accounts are linked, you can click the transfer button in the funding section of myaccount to transfer funds between them.

Why do I need to verify my debit card?

It is our responsibility to adhere to anti-money laundering rules and regulation. For the security of our customers and to reduce fraud, we verify the ownership of debt cards prior to use.

How can I verify my debit card?

The easiest way to validate a debit card is to upload a redacted image of your debt card.

How to redact your debt card image?

Your debit card image must be redacted and must be limited to the following:

Cardholder name

Last four digits of your card number

Some ways to redact information:

Simply place your finger over the first 12 numbers of the card

Use opaque tape or paper to cover the first 12 numbers of your card number before taking a picture of your debit card

Print the image and use a black sharpie to cross out first 12 numbers of your debit card, or

Use a photo editing application or software to hide the first 12 numbers of your debit card

Debit card images that are not redacted will not be accepted

How long does it take to verify a debit card?

Once you have uploaded your document(s), we will verify them as soon as possible. It may take up to 48 hours to verify your document(s).

HOW TO MAKE A DEPOSIT AT OCTAFX FOREX TRADING ACCOUNT

Imo joseph

Jul 18, 2020 · 4 min read

In order to start trading on real forex account and earn money you need to make a deposit. Before making a deposit you should know that octafx does not charge commission on deposits or withdrawals. Moreover, octafx covers fees applied by payment systems. We also do not limit the number of deposits per day. Deposits with local banks are processed within 1–3 hours, credit/debit card and e-wallet deposits are instant.

Minimum deposit for pro accoun t on metatrader 5 is $500. Forex traders from indonesia, pakistan, malaysia, thailand, india, vietnam dan nigeria can deposit and withdraw using their local banks. Octafx supports a variety of local banks you can choose from.

As mentioned earlier, for those who can not use local banks we support different payment services and credit cards:

Credit or debit visa cards

Bitcoin

Skrill

Neteller

Fasapay

HOW TO MAKE A BANK DEPOSIT

You can find “deposit” buttons in the top or sidebar menu as shown in the picture below.

2. Choose among available local banks.

Local banks availability depends on the region you have filled in during the registration process.

For example, indonesian traders can choose between mandiri, BCA, BNI and BRI. For instance, let’s choose BCA. You can select deposit amount from the offered options or put down the amount you wish.

3. Choose preferred bank deposit method

There are three ways you can make a wire transfer deposit which are ATM, online banking and cash deposit at a bank branch:

If you make a deposit online you need to open your online banking app/website, then make transfer with given credentials and make a screenshot of processed transaction.

Find your nearest ATM and deposit using bank details given on the deposit page.

You can also deposit by cash at your bank branch.

4. Notify after successful bank transfer

Once you confirm the request it will be pending till it is processed by the bank and our financial department in their working hours (monday-friday 06:00–15:00 EET).

E-WALLETS AND CREDIT CARD DEPOSITS

You can also deposit with a credit/debit card, bitcoin or e-wallets. Such deposits are credited instantly. The process is very simple:

1) you need to choose deposit method

We will choose skrill as an example of e-wallet deposit.

2) fill in the deposit amount

Type the amount you wish to deposit and click ‘continue’.

3) double check and confirm the deposit

4) log in to your payment system

5) make a transfer

DEPOSIT WITH A CARD

DEPOSIT WITH BITCOIN

The last step is to download a trading platform of your choice and you are ready to enter forex market! Please, follow this links to download a software:

We also recommend you to check our education section where we post trading forex strategies, forex tutorials and platform manuals.

Investor’s guide to forex trading accounts types

Opening your first forex account is one of the biggest steps you can make as a beginner trader, so it’s certainly not something you do unprepared.

Many beginner traders either rush into selecting an account type without properly understanding what it offers. Others become overwhelmed by the many different account types available. Both of these approaches are wrong but don’t worry, our experts are here to help.

Choosing a forex account type requires you to carefully consider a variety of things, including what type of forex trader you wish to be, your budget and your trading strategy. It’s important that you choose the right account for you, as your account type can impact your performance and profits.

On this page, you can learn:

The different types of accounts offered by forex brokers

The value of a pip, and how this relates to choosing a forex account

How to pick the correct account type for your trading style

Types of forex trading accounts

All good forex brokers allow clients to choose from a multitude of types of trading accounts. Many account types, however, share certain qualities even though they may go by different names from broker to broker.

We will soon talk you through each different forex account type, but first, you need to understand the value of a pip and lot sizes.

The value of a pip

The difference between the opening and the closing price of a trade is counted in pips. On any trade, your loss/profit is also counted in pips.

The value of a pip is directly related to trade volume. In forex, trade volume is counted in specific amounts, namely ‘lots’. This represents the number of currency units you will buy/sell in a trade.

A standard sized lot is 100,000 units of currency. There are also mini lots (10,000 units of currency), micro lots (1,000 units of currency), and nano lots (100 units of currency).

The value of a pip is different depending on the lot sizes you are trading:

value of a pip per:
unit	standard lot	mini lot	micro lot	nano lot
$0.0001	$10	$1	$0.1	$.01

Therefore, being profitable when trading the forex markets is not necessarily related to which trader is making more pips, but what each pip is worth.

Having a good understanding of what these units of measurement (lots and pips) mean before selecting an account type is important, as different account types allow you to trade different lot sizes. You should, therefore, review your capital and the volume you wish to trade before choosing an account.

The most common trading account types

As we’ve just explained, the most common live trading account types are based around the size of the lots you wish to trade. Considering this, each different type of account has a different minimum deposit level too.

Mini/micro accounts

Micro accounts are, as their name suggests, accounts suitable for traders with a small amount of capital. They allow you to enter the market with a small minimum deposit limit ($100 or less). As these accounts have a low barrier to entry, however, there are restrictions on your trading activity. Most micro accounts limit you to trading nano or micro lots. This helps you to control your risk-levels, making these types of accounts perfect for beginner traders.

Standard accounts

Different brokers use different names for their standard accounts. Some brokers may call this type of account ‘classic’ or ‘intermediate’. They may also refer to them as ‘premium’ or ‘gold’ accounts, which is a little misleading as these accounts are actually the broker’s regular offering.

Standard accounts usually have a minimum deposit limit of around $100 – $500, and they allow you to trade mini-lots. Some standard accounts, however, may also allow you to trade standard lots but this is rare.

VIP/professional accounts

Whilst the names of these account types suggest that you would need to be accredited if you wished to open one, that’s not necessarily the case. VIP accounts are generally just reserved for those who have a large amount of capital. They have a high minimum deposit limit (around $10,000) and allow you to trade standard lots. These types of accounts are usually ECN accounts too, which means they allow you to trade in the market directly.

It is important to note that professional accounts for EU clients are slightly different. Under european regulations by ESMA, regular retail traders are subject to leverage limits. Should you want to access higher leverage levels, you can apply for an EU professional account. In this situation, you will need to prove your trading experience and credentials. This could be by passing a test or by submitting documentation.

Other forex account types

Aside from the main three account types, there are some other account types you should become familiar with. These types each have their own specific purpose.

Demo accounts

Demo accounts allow you to practice your trading. They are virtual accounts loaded with virtual currency. Almost all demo accounts are free, yet they may have a limited usage period. This is normally around 30 days. If you proceed to open a live account with the same broker, however, you may regain access.

Demo accounts are useful for both beginners and experienced traders. Novice traders can use them to get to grips with different trading platforms and to see the effects of their trades in real-time. Experienced traders also use demo accounts to test their trading strategies risk-free.

Swap-free accounts

Most of the trading account types mentioned above will come with swap fees. This refers to the fee you incur for holding a position overnight. Traders who wish to hold positions open for a long time however, such as swing traders or investors, suffer heavy fees with a regular account. To prevent this, some brokers offer swap-free accounts.

Whilst swap-free accounts can seem appealing, it’s not simply a case of avoiding fees. Swap-free accounts usually come with higher trading costs and various restrictions. As such, unless you do plan on holding positions for a long time, it is normally best to avoid these types of accounts.

One exception to this rule is if you are a muslim forex trader. Swap-free accounts are also sometimes called islamic accounts. This is because they are often used by muslim traders who cannot incur interested fees due to their religious beliefs.

How to choose the right forex account for you?

Knowing the different types of forex trading accounts only goes so far in helping you choose an account. You also need to know your own situation well and know exactly what you want to get out of trading.

Before opening up a trading account, therefore, you need to ask yourself a series of questions:

How much do I wish to deposit? This is a key question, as it can shrink your account options significantly. You need to weigh up how much capital you have, and how much of that you want to deposit with a broker. It is always worth remembering that you should never trade with money that you can’t afford to lose.

What is my appetite for risk? One of the most important things you can do as a prospective trader is to assess your risk appetite. If you’re a conservative trader, for example, you may be quite happy with a micro account where you can trade nano and micro lots. Those who wish to trade more aggressively may want to opt for a standard account where they can trade standard lots.

Do I need access to advanced trading tools? Many brokers reserve their best trading tools for their professional clients. This may include innovative news analysis or access to a larger range of indicators.

These are tools which can very beneficial to expert traders, who may be managing more than one account at once. Do note that whilst its easy to feel like you want access to as many tools as you can get your hands on, these tools aren’t actually always necessary. Don’t go signing up to a professional account as a beginner trader for the sake of extra features. It’s not worth the large deposit amount.

What is the difference between a micro and a standard account in forex?

In forex trading, account types are often based around trade volume. Trade volume is measured in lots, and refers to the amount of currency you wish to trade. Micro accounts, for example, allow you to trade micro or nano lots (1,000 and 100 units of currency respectively). Standard accounts, on the other hand, allow you to trade mini lots and sometimes even standard lots (10,000 and 100,000 units of currency).

What is the best forex trading account for beginners?

All beginner traders should start off with a demo account. This allows you to practice trading with zero risk. Many prospective traders stick to their demo accounts for at least six months, whilst they get to grips with the trading software and their trading strategy. After this time, micro/mini accounts are best for forex beginners. This is because they have a low minimum deposit limit and allow you to trade micro and nano lots.

What account types are there in forex?

In order to cater to all types of traders, the best forex brokers offer a variety of account types. The most common forex account types are based around trade volume, these include mini, standard and VIP accounts. Other popular account types include swap-free accounts/islamic accounts, demo accounts, and social trading accounts.

How much money do you need to open a forex account?

The amount of money needed to open a forex account is dependent on what type of account you want to open. Some brokers allow you to open accounts for as little as $20 or even $5 dollars. Professional accounts, on the other hand, usually have a minimum deposit of around $10,000.

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Forex.Com minimum deposit

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Forex.Com minimum deposit amount

The minimum deposit at forex.Com is $100.

Check the following comparison table to see how forex.Com stacks up against similar brokers when it comes to minimum deposits:

Forex.Com minimum deposit vs. Similar brokers

forex.Com	oanda	IG
minimum deposit	$100	$0	$0

They expect to deposit 100 of your account currency but they advise to have at least 1000 units of your account currency

Pros	cons
• credit/debit card deposit	none
• no deposit fee
• several account base currencies

Open account
79% of retail CFD accounts lose money

In some cases, the very high minimum deposit (like the £1 million amount at the VIP account of saxo bank) is there to differentiate the level of services they offer you.

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Forex.Com minimum deposit
forex.Com deposit fees and deposit methods

While there is no deposit fee at forex.Com, the available deposit methods are also important for you. See how forex.Com deposit methods compare with similar online brokers:

Forex.Com deposit methods vs. Similar brokers

forex.Com	oanda	IG
bank transfer	yes	yes	yes
credit/debit card	yes	yes	yes
electronic wallets	yes	yes	yes

The average transfer times for the different methods are:

Wire transfer: 2-3 days

Credit / debit card and online wallets: instant or a few hours

Find out more about depositing to forex.Com on their official website:

Open account
79% of retail CFD accounts lose money

Forex.Com minimum deposit
deposit currencies

Some online brokers offer trading accounts only in the major currencies (i.E. USD, GBP, EUR and sometimes JPY) and some support a lot more than that.

Forex.Com trading account currencies vs. Similar brokers

forex.Com	oanda	IG
number of base currencies	6	9	6

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Forex.Com minimum deposit
steps of sending the minimum deposit

The specific process of sending your minimum deposit to forex.Com might vary slightly from the following, but generally the process involves the following steps:

Step 1: open your broker account

If you don't know which broker is suitable for you, use our broker selector tool.

Step 2: make the deposit

The deposit methods can be one or more of the following:

Bank transfer (sometimes called wire transfer): you have to add your bank account number in the deposit interface. The bank account has to be in your name. After this, you need to start a bank transfer from your bank. The broker will give you a reference number that you'll have to enter as a comment in your transaction. This will allow them to identify your deposit.

Credit or debit cards: just as with a normal online purchase, you are required to enter the regular card details. However, unlike any other online purchase, it's required to use a card that's in your name. In some cases, like with IC markets, you'll also need to verify your card by scanning it and sending it to the broker. This is yet another anti-money laundering measure on their end. Card payment is usually the preferred and most convenient way of depositing. On the other hand, some brokers define a cap for card deposits, so for a larger amount you might have to use the bank transfer.

Online wallets like paypal, skrill, neteller, etc.: it works just like any other online purchase. The interface of the wallet will pop up where you'll have to enter your credentials (username and password) and carry out your transaction.