A minimum deposit is a detail all traders pay special attention to. Although trading on Forex is positioned as an earning method accessible to everyone, that depends largely on the terms brokers set. Luckily, there are many companies oriented towards novice users with a low budget. Read on to learn what minimum deposit limit is set by FxPro.
Today, we would like to tell you about the terms of use offered by one of the most trusted brokers on the market ― FxPro. According to the rules, the FxPro minimum deposit limit is $100 ― a sum affordable to everyone. This is great news for beginners. However, one must also note that the company recommends its users to start from a deposit of $1000. The point is that many traders seek quick and big profits. So, when they have a limited budget, that pushes them to take risky steps and search for higher leverages. Obviously, that is not the best strategy for inexperienced users. On the other hand, when a trader has a significant sum at his disposal, he can earn from sales volumes without excessive risk.
If you compare the terms offered by the company mentioned to its competitors, one can say that an initial deposit limit of $100 is rather common. It is a comfortable requirement for most traders. However, there are also brokers that demand their potential clients to make bigger payments or allow them to start from smaller investments.
Also Read: How to Find a Reliable Broker for Forex Trading Philippines?
Now, let us discuss depositing terms at FxPro. This broker supports a full range of payment methods: bank transactions, debit and credit card payments, transfers via popular banking apps and online wallets. As for fees, all the deposits are free of charge. They are accepted in the most widely-used currencies and processed within about 10 minutes in case one uses an online wallet or a card. For local bank payments, that term is one business day.