Fxcess Minimum Deposit
What Is Minimum Deposit of Fxcess?
The minimum deposit required to open a live account with Fxcess is just $10. This low entry barrier is quite competitive compared to many other brokers, where minimum deposits can range significantly higher. Such an accessible minimum allows traders, especially beginners, to start their trading journey with a modest investment. This feature can be particularly appealing to those who wish to test the platform without committing large sums of money upfront.
Does Fxcess Provide Deposit Bonus?
Fxcess does offer a range of bonuses for new users, including a welcome bonus that can match a percentage of the initial deposit. However, these bonuses typically come with certain conditions, such as a minimum trading volume requirement before withdrawal is permitted. It’s essential for traders to read the terms and conditions associated with these bonuses to understand any restrictions that might apply.
Fxcess Payment Options
Fxcess Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Wire Transfer | JPY, EUR, USD, GBP | Bank fees may apply | 2–5 business days |
| Visa Card | JPY, EUR, USD, GBP | Free | Instant |
| MasterCard | JPY, EUR, USD, GBP | Free | Instant |
Does Fxcess Charge Deposit Fees?
Fxcess does not charge deposit fees for any of its payment methods. All deposit methods are free of charge, including Visa and MasterCard options. This fee policy is user-friendly and encourages traders to fund their accounts without worrying about extra costs.
Does Fxcess Support Cryptos to Deposit?
Fxcess does not support cryptocurrency deposits. Only fiat currency deposits are supported, and cryptocurrencies are not accepted. This limitation may affect users who prefer digital assets, as traditional payment methods dominate the platform.
Is It Easy to Deposit Money to Your Fxcess Account?
Fxcess offers a range of trading accounts including the Standard Account, ECN Account, and Micro Account, allowing traders to choose according to their experience and capital. Beginners may prefer the Standard Account due to its low minimum deposit requirement, while more experienced traders might opt for the ECN Account for lower spreads and faster execution. Overall, the deposit steps for Fxcess are straightforward and user-friendly, with mainstream payment options that typically do not require additional documentation.
Which Fxcess Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Standard Account | $10 | Beginner |
| ECN Account | $10 | Active Trader |
| Micro Account | $5 | New Traders |
| VIP Account | $1000 | Professional Investor |
Funding Your Account Step by Step
- Log in to your Fxcess account and navigate to the “Deposit” section.
- Select your preferred payment method (e.g., Credit Card, Wire Transfer).
- Enter the amount you wish to deposit, ensuring it meets the minimum deposit requirement for your chosen account type.
- Fill in any necessary payment details and confirm the transaction.
- Check your account balance to ensure the deposit was successful.
How to Withdraw from Fxcess
- Log in to Your Account: Access the Fxcess trading platform using your credentials. Ensure you are on the correct account you wish to withdraw funds from.
- Navigate to the Withdrawal Section: Once logged in, locate the ‘Withdrawal’ option in the account menu. This is typically found under the ‘Funds’ or ‘Account’ tab.
- Select Your Preferred Withdrawal Method: Choose the method through which you wish to withdraw your funds. Options may include bank transfer or credit/debit card withdrawals. Ensure that you comply with any specific requirements for the selected method.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw. Be mindful of any minimum or maximum withdrawal limits that may apply.
- Submit Your Request: Review the details of your withdrawal carefully, then submit your request. You will receive a confirmation notification, and your request will be processed according to Fxcess’s withdrawal policy.
FAQs
Q1: What is the minimum deposit for Fxcess?
A1: The minimum deposit required to start trading with Fxcess is $10 for both the Classic and ECN account types.
Q2: How can I deposit funds into my Fxcess account?
A2: You can deposit funds into your Fxcess account using various methods, including Visa cards and wire transfers, with Visa deposits being processed instantly and wire transfers taking 2 to 5 working days.
Q3: What withdrawal methods are available at Fxcess, and how long do they take?
A3: Fxcess allows withdrawals via the same method used for deposits, primarily Visa cards, and the processing time for withdrawals can vary, typically aligning with transaction speeds of the payment method.
Q4: Is my money safe with Fxcess?
A4: Fxcess is regulated by the Bermuda Monetary Authority; however, there are concerns regarding its regulatory credibility, so potential traders should exercise caution and ensure they understand the associated risks.