WorldFirst Minimum Deposit
What Is Minimum Deposit of WorldFirst?
The minimum deposit required to activate a live account with WorldFirst is typically set at AUD 10,000. This amount is relatively high compared to many other brokers, which often allow smaller initial investments. Such a requirement may appeal to serious investors and businesses looking for a robust trading platform, but it could deter casual traders or individuals with limited capital.
Does WorldFirst Provide Deposit Bonus?
No, WorldFirst does not offer deposit bonuses or promotions such as deposit match rewards for new users. This means that potential clients will not find incentives like matching a portion of their deposit. As a result, users should be aware that the absence of bonuses may influence their decision to open an account, especially in a competitive market where many brokers provide such offers.
WorldFirst Payment Options
WorldFirst Deposit and Withdrawal
| Deposit and Withdrawal Method | Currency | Deposit and Withdrawal Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | AUD, USD, EUR | Free | 1-3 business days |
| Credit Card | AUD, USD, EUR | 1% fee | Instant |
| E-Wallet | AUD, USD, EUR | Free | Instant |
Does WorldFirst Charge Deposit Fees?
WorldFirst does charge deposit fees for credit card transactions, applying a fee of 1% on the deposit amount. However, all other deposit methods, including bank transfers and e-wallets, are free of charge. Overall, the fee structure is clear, making it user-friendly for most clients.
Does WorldFirst Support Cryptos to Deposit?
WorldFirst does not support cryptocurrency deposits; only fiat currency deposits are accepted. This means that users cannot deposit cryptocurrencies such as Bitcoin or Ethereum. The focus remains on traditional payment methods, which might limit options for digital asset users.
Is It Easy to Deposit Money to Your WorldFirst Account?
WorldFirst offers a variety of trading account types, including Standard Account, ECN Account, and Micro Account, catering to traders with differing needs and experiences. Users typically select an account type based on their trading goals, such as whether they are beginner traders or more seasoned investors, along with the specific minimum deposit requirements associated with each account.
The deposit steps are straightforward and user-friendly for most clients, with mainstream payment methods typically requiring no additional documentation. However, larger deposits for specific account types may necessitate further verification to ensure compliance with regulatory standards.
Which WorldFirst 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 seeking lower spreads |
| Micro Account | $10 | New traders wanting to start small |
| VIP Account | $10,000 | Professional investors with significant capital |
Funding Your Account Step by Step
- Log into your WorldFirst account using your credentials.
- Navigate to the ‘Deposit’ section from your account dashboard.
- Select your preferred payment method (e.g., bank transfer, credit card, etc.).
- Enter the amount you wish to deposit and follow the on-screen instructions.
- Review and confirm the transaction details before submitting.
- Check your account balance after a short while to ensure the funds have been credited successfully.
How to Withdraw from WorldFirst
- Log into Your Account: Visit the WorldFirst website and enter your login credentials to access your account dashboard.
- Navigate to the Withdrawal Section: Once logged in, locate the ‘Withdraw’ option, typically found in the account menu or dashboard.
- Select Withdrawal Method: Choose your preferred withdrawal method from the available options. Ensure that your linked bank account is correctly set up to facilitate the transfer.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw. Be mindful of any minimum withdrawal limits that may apply.
- Confirm and Submit: Review all details for accuracy, then confirm the withdrawal request. You will receive a notification once the process is complete.
FAQs
Q1: What is the minimum deposit for WorldFirst?
A1: WorldFirst does not specify a minimum deposit amount on their website, but users have reported needing significant funds to start trading, particularly for business accounts.
Q2: How can I deposit funds into my WorldFirst account?
A2: You can fund your WorldFirst account via bank transfer from a personal or business account. The process is typically straightforward, but ensure that your deposit method matches the account name.
Q3: What payment and withdrawal methods does WorldFirst offer?
A3: WorldFirst primarily offers bank transfers for both deposits and withdrawals. However, they may have options like virtual debit cards for certain transactions.
Q4: How fast are transactions with WorldFirst, and are there any fees?
A4: Transactions with WorldFirst are usually processed on the same day, though delays can happen. While many services are free, clear fees apply for currency exchanges, typically capped at a minimal percentage.