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Forex.com Minimum Deposit

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Minimum Deposit

Forex.com allows a minimum deposit of $100 or currency equivalent to start trading. Depending on the deposit method, it can take anywhere from 10mins to 7 business days for a deposit. The broker offers the fastest transactions 24/5 during working hours. The company does not charge any fees for deposits.[1]

Read: Forex.com review

Currency Preference

You can choose your account’s base currency from six currencies: EUR, GBP, USD, AUD, CHF, and JPY. Once it’s set, any deposit you make from anywhere in the world will be converted to the account’s default currency. 

For example, if you live in the UAE, your account’s default currency is USD. When you deposit any dirhams from your desired payment method, you get a converted amount of USD. Keep in mind that the current conversion rate on currencies is applied while depositing. 

So checking the conversion rate from your local currency to the account’s currency before making a deposit may be a good idea.

Account Types

The broker offers three types of accounts:[2]

  • Standard Account
  • Commission Account
  • Direct Market Access Account
  • STP Pro Account
Account TypeMin. DepositRecommended Balance
Standard Account$100$1,000
Commission Account$100$1,000
Direct Market Access Account$100$25,000
STP Pro Account$100$25,000

Payment Options

The broker offers a wide range of payment options. So clients from all over the world can choose from various payment options and make deposits. However, the minimum deposit requirement also varies for different payment options.[3]

1: Bank Transfers

You can deposit funds via wire transfers from all over the world. This is the most reliable payment method as there is no minimum deposit requirement for wire transfers.

2: Debit Cards

You can use one of these debit cards to deposit funds:

  • Master Card
  • Visa Card

3: Alternatives (E-wallets)

You can choose from the following two E-wallets to deposit funds into your account:

  • Skrill

For payment options, minimum deposit, their fees and processing time, please see the table:

Payment OptionMin. DepositFeesProcessing Time
Wire TransfersNoneNo Fees1-2 business days
Master Card$100No FeesImmediate
Visa Card$100No FeesImmediate
Skrill$100No FeesImmediate
NETELLER$100No FeesImmediate

How to Deposit Funds

Before you deposit funds, you need to activate your trading account by verifying your identity and address.[4]

1: Proof of Identity

As proof of identity, you can use either of the following documents:

  • Valid passport (national or international).
  • Valid driver’s License.
  • Valid national ID Card.
  • Other types of government-issued photo ID may be acceptable after review on a case by case basis.

Birth Certificates, Marriage Licenses and Insurance cards are not accepted.

2: Proof of Address (POA)

As a proof of address, you can use either of the following documents:

  • Utility bill
  • Bank, building society, credit or debit card statement
  • Council tax bill
  • Local government address registration certificates
  • Valid driving license if issued within the last six months.

The document must be dated within the last six months – the issuing date must be visible. Your name and home address, as indicated on your FOREX.com application, must also be visible.

Deposit Funds

To deposit funds into your account, you need to follow these steps:

  1. Log in to your account and go to the funding page.
  2. Go to “Deposit.”
  3. Select the amount you want to deposit and click Continue.
  4. Select the payment method you want to use for payment.
  5. Fill in the details by following the instructions.
  6. Click Deposit Funds.

Your funds appear in the defined time for each payment method. If not, you can contact support.

Sign up Bonuses

The broker offers a 20% welcome bonus on your first deposit up to $5000. The minimum deposit required to qualify for a 20% welcome bonus is $1250. Your bonus will be credited to your account on a Wednesday after you satisfy the trading requirements for the amount you funded.[5]

The amount of qualifying trades you need to place will be the equivalent of 1/25th of the bonus you are due to receive.

For example:

Deposit Amount20% BonusQualifying trades (1/25 of the bonus amount)

A qualifying trade is defined as a round trip standard (100K) lot or equivalent. Any combination of opening and closing trades in any market can be used to meet qualifying trade requirements. For example, opening and closing a standard lot FX Trade equals 200,000 in volume.

Please read the terms & conditions of a welcome bonus before applying.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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