8xTrade Minimum Deposit
What Is Minimum Deposit of 8xTrade?
The minimum deposit required to start trading with 8xTrade is just $10. This low entry point makes it accessible for many new traders who may want to test the waters without committing significant capital. In comparison to other brokers, this deposit amount is relatively low, allowing more flexibility for those looking to begin trading. However, potential traders should weigh this against the risks associated with trading with a broker that lacks proper regulation.
Does 8xTrade Provide Deposit Bonus?
8xTrade Payment Options
8xTrade Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, EUR, THB | Free | 1-3 business days |
| Credit Card | USD, EUR | 1% fee | Instant |
| E-wallet | USD, EUR | Free | Instant |
Does 8xTrade Charge Deposit Fees?
8xTrade does not charge deposit fees. All deposit methods are free of charge, allowing users to fund their accounts without incurring additional costs. This fee policy is user-friendly and encourages traders to deposit funds easily.
Does 8xTrade Support Cryptos to Deposit?
8xTrade does not support cryptocurrency deposits; only fiat currency deposits are supported, and cryptocurrencies are not accepted. This limitation may deter users who prefer digital asset transactions, as traditional payment methods dominate.
Is It Easy to Deposit Money to Your 8xTrade Account?
8xTrade offers several trading account types, including the Standard Account, ECN Account, Micro Account, and VIP Account. Each account type caters to different trading goals, such as accommodating beginner traders with lower minimum deposits or providing advanced features for professional investors. Users typically select an account based on their trading experience and financial goals.
The deposit steps for funding your account are straightforward and user-friendly. Most conventional payment methods do not require extensive documentation, making the process accessible for most users. However, larger deposits for certain account types may necessitate additional verification.
Which 8xTrade Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Standard Account | $10 | Beginners with smaller capital |
| ECN Account | $100 | Active traders seeking lower spreads |
| Micro Account | $5 | New traders wanting to test strategies |
| VIP Account | $1,000 | Professional investors requiring advanced features |
Funding Your Account Step by Step
- Log in to your 8xTrade account using your credentials.
- Navigate to the “Deposit” section from your account dashboard.
- Select your preferred payment method from the available options.
- Enter the deposit amount and provide any required payment details.
- Review your deposit details and confirm the transaction.
- Wait for the deposit confirmation, which typically takes just a few minutes.
How to Withdraw from 8xTrade
- Log into Your Account: Access your 8xTrade account by entering your credentials on the website. Ensure that you are using a secure and private network.
- Navigate to the Withdrawal Section: Once logged in, go to the ‘Funds’ or ‘Withdrawal’ section of your account dashboard. This is where you can initiate the withdrawal process.
- Select Your Withdrawal Method: Choose from the available withdrawal options, such as bank transfer or other payment methods supported by 8xTrade. Make sure to review any associated fees for each method.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw. Be aware of the minimum and maximum limits for withdrawals, as well as any fees that may apply.
- Submit and Confirm: After reviewing your withdrawal request, submit it. You may need to confirm your identity through email or SMS verification, depending on your account settings.
Note: 8xTrade allows one free withdrawal per month; subsequent withdrawals may incur fees. Always check the latest terms on their official website to ensure you have the most accurate information.
FAQs
Q1: What is the minimum deposit for 8xTrade?
A1: The minimum deposit required to open an account with 8xTrade is $10. This low entry point makes it accessible for new traders to start their trading journey.
Q2: How do I deposit funds into my 8xTrade account?
A2: You can deposit funds into your 8xTrade account using various payment methods, including local banks in Thailand and credit cards like Visa and MasterCard. The transaction process is typically quick, often completed within minutes.
Q3: What are the withdrawal methods and fees at 8xTrade?
A3: 8xTrade offers withdrawal options through several local banks, and there is a withdrawal fee of $31 or the equivalent, with one free withdrawal permitted per calendar month.
Q4: How safe are my funds with 8xTrade?
A4: While 8xTrade implements Anti Money Laundering (AML) and Know Your Customer (KYC) policies to enhance safety, it is important to note that the broker is unregulated, which poses inherent risks regarding fund security.