iFourX Minimum Deposit
What Is Minimum Deposit of iFourX?
The minimum deposit required to activate a live account with iFourX is $100. This amount is relatively low compared to many brokers, making it accessible for beginner traders. However, there are higher tiers, such as $5,000 for an ECN account and $10,000 for a VIP account. While the entry-level deposit is attractive, potential investors should consider the overall trading conditions, including spreads and commissions, which can affect profitability.
Does iFourX Provide Deposit Bonus?
No, iFourX does not currently offer any deposit bonuses. Traders looking for promotions such as matching deposit amounts or incentives for new accounts will not find such options here. This absence of deposit bonuses might indicate a straightforward trading environment, but it also means traders should be mindful of the trading costs associated with their accounts.
iFourX Payment Options
iFourX Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, EUR | Free | 1-3 business days |
| MasterCard | USD | 5% of the deposited amount | Instant |
| VISA | EUR | 5% of the deposited amount | Instant |
Does iFourX Charge Deposit Fees?
iFourX charges deposit fees on certain methods. For MasterCard and VISA deposits, there is a fee of 5% of the deposited amount. However, bank transfers are free of charge. The fee policy is transparent but may be considered relatively high for some users.
Does iFourX Support Cryptos to Deposit?
iFourX does not support cryptocurrency deposits; only fiat currency deposits are accepted. Therefore, users looking to deposit via digital assets will need to use traditional payment methods. Crypto deposits are not available, limiting options for digital asset users.
Is It Easy to Deposit Money to Your iFourX Account?
iFourX offers several trading account types, including the Standard Account, ECN Account, and VIP Account. Each account type caters to different trading goals and experience levels, with minimum deposit requirements ranging from $100 to $10,000. Users typically select an account type based on their trading experience and capital availability, with beginners often opting for the Standard Account.
The deposit steps at iFourX are generally straightforward and user-friendly. Most mainstream payment methods do not require additional documentation, making the process accessible for most users. However, larger deposits for certain account types may necessitate extra verification.
Which iFourX Trading Account Is Right for You?
| Account Type | Minimum Deposit Requirement | Suitable User Type |
|---|---|---|
| Standard Account | $100 | Beginner |
| ECN Account | $5,000 | Active Trader |
| VIP Account | $10,000 | Professional Investor |
Funding Your Account Step by Step
- Log in to your iFourX account and navigate to the “Deposit” section.
- Select your preferred payment method from the options available (e.g., Bank Transfer, MasterCard, Maestro, or VISA).
- Enter the amount you wish to deposit, ensuring it meets the minimum deposit requirement for your chosen account type.
- Follow the on-screen instructions to complete the transaction, including any necessary authentication steps.
- Once the deposit is processed, you will receive a confirmation email, and the funds will appear in your trading account shortly thereafter.
How to Withdraw from iFourX
- Log into Your Account: Navigate to the iFourX website and log into your trading account using your credentials.
- Access the Withdrawal Section: Once logged in, locate the ‘Withdrawal’ option in the account menu. This will direct you to the withdrawal request form.
- Choose Your Withdrawal Method: Select your preferred withdrawal method from the options provided (e.g., Bank Transfer, MasterCard, etc.). Ensure you are aware of any fees associated with your chosen method.
- Enter Withdrawal Details: Fill in the amount you wish to withdraw and any required account details. Double-check for accuracy to avoid delays.
- Submit Your Request: After confirming all details, submit your withdrawal request. You will receive a confirmation email once your request has been processed.
FAQs
Q1: What is the minimum deposit for iFourX?
A1: The minimum deposit required to open an account with iFourX is $100. This applies to their basic account type, with higher minimums for other account types available.
Q2: How do I deposit funds into my iFourX account?
A2: You can deposit funds through various methods, including bank transfer and credit cards like MasterCard and VISA. Some payment methods may incur fees, particularly for deposits in USD.
Q3: What withdrawal methods does iFourX offer, and how long do they take?
A3: iFourX allows withdrawals via bank transfer and credit cards, with USD withdrawals processed the same day if requested before 1 PM GMT, while other withdrawals may take up to two working days.
Q4: Are my funds safe with iFourX?
A4: There are significant risks as iFourX operates without valid regulation, and user feedback has raised concerns about withdrawal issues and lacking support, indicating that fund safety may be compromised.