Far Eastern Minimum Deposit
What Is Minimum Deposit of Far Eastern?
The minimum deposit required to activate a live account with Far Eastern is notably set at zero. This means that traders can start trading without any initial capital, making it appealing for beginners and those hesitant to invest substantial amounts right away. However, while this low entry point is attractive, it is essential to consider the overall reputation of the broker, especially since Far Eastern operates without regulatory oversight, which raises concerns about the safety of funds.
Does Far Eastern Provide Deposit Bonus?
Far Eastern does not appear to offer any deposit bonuses for new users or other promotions. This means that traders should not expect matching deposit rewards or incentives commonly found with other brokers. As a result, potential users might want to consider this factor when choosing a broker, as additional bonuses can enhance trading opportunities and reduce risks.
Far Eastern Payment Options
Far Eastern Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | NTD | Free for branch transfers; NT$15 for transfers to other branches | 1-3 business days |
| ATM Withdrawal | JPY | 150 JPY per transaction + 0.8% of transaction amount | Instant |
| ATM Withdrawal | HKD | NT$100 per transaction | Instant |
Does Far Eastern Charge Deposit Fees?
Far Eastern does not charge deposit fees for most methods. However, transfers to other branches incur a fee of NT$15. Overall, all deposit methods are free of charge, making it user-friendly for clients looking for low-cost transactions.
Does Far Eastern Support Cryptos to Deposit?
Far Eastern does not support cryptocurrency deposits; only fiat currency deposits are supported, cryptocurrencies are not accepted. Traditional payment methods dominate, which may limit options for users looking to utilize digital assets.
Is It Easy to Deposit Money to Your Far Eastern Account?
The Far Eastern broker offers several account types such as the Standard Account, ECN Account, and Micro Account, catering to various trading needs and experience levels. Users typically select an account based on their trading goals, experience, and minimum deposit requirements, making it accessible for both beginner and senior traders.
The deposit steps are straightforward and user-friendly for most clients, with mainstream payment methods generally requiring no additional documentation. However, larger deposits for specific account types may necessitate further verification.
Which Far Eastern Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Standard Account | $5 | Suitable for beginners with smaller capital |
| ECN Account | $100 | Active Traders |
| Micro Account | $10 | Beginner Traders |
| VIP Account | $1,000 | Professional Investors |
Funding Your Account Step by Step
- Log in to your Far Eastern account on the official website or app.
- Navigate to the ‘Deposit’ section in your account dashboard.
- Select your preferred payment method from the available options.
- Enter the deposit amount you wish to fund your account with.
- Review the transaction details and confirm the deposit.
- Wait for the deposit confirmation, which will be sent to your registered email.
How to Withdraw from Far Eastern
- Log into Your Account: Navigate to the official Far Eastern website and log in using your credentials. Ensure your account is verified to proceed with the withdrawal.
- Access the Withdrawal Section: Once logged in, locate and click on the ‘Withdrawal’ option within your account dashboard. This is typically found under the ‘Funds’ or ‘Account Management’ section.
- Select Withdrawal Method: Choose your preferred method for withdrawal. Far Eastern offers various options, including bank transfers and ATM withdrawals. Review the associated fees for each method.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw, ensuring it does not exceed the daily withdrawal limit. Double-check to avoid any errors.
- Confirm Your Request: Review all details of your withdrawal request and click on ‘Confirm’ to finalize. You should receive a confirmation notification regarding your request.
FAQs
Q1: What is the minimum deposit for Far Eastern?
A1: Far Eastern has no minimum deposit requirement, allowing traders to start with any amount they choose. This flexibility can be beneficial for new traders testing the waters.
Q2: How can I deposit money into my Far Eastern account?
A2: You can deposit funds into your Far Eastern account using various methods, including bank transfers through their proprietary online app. There are no fees for bank transfers at Far Eastern’s branches.
Q3: What withdrawal methods are available with Far Eastern, and are there any fees?
A3: Far Eastern allows withdrawals through bank transfers and ATMs, with minimal fees such as NT$15 for branch transfers and NT$5 for withdrawals. However, fees may apply for international ATM transactions.
Q4: Is my money safe with Far Eastern?
A4: Far Eastern is not regulated, which raises concerns about fund safety; traders should exercise caution and consider the risks associated with trading with an unregulated broker.