What is the minimum deposit on FXOpen?

Introduction

FXOpen is a global forex broker that offers a wide range of trading products and services to traders of all levels of experience. One of the frequently asked questions about FXOpen is the minimum deposit required to open an account. This article will provide a comprehensive answer to this question, covering the minimum deposit requirements for different account types and payment methods.

Minimum Deposit by Account Type

FXOpen offers three main account types: Micro, Standard, and ECN. The minimum deposit requirement varies depending on the account type selected:

  • Micro Account: The minimum deposit for a Micro Account is $1. This account is ideal for beginner traders who want to start trading with a small amount of capital.

  • Standard Account: The minimum deposit for a Standard Account is $100. This account is a popular choice for traders who want a balance between affordability and features.

  • ECN Account: The minimum deposit for an ECN Account is $100. This account is designed for experienced traders who prefer true ECN execution with no requotes.

Minimum Deposit by Payment Method

In addition to the minimum deposit requirements by account type, FXOpen also has minimum deposit requirements for different payment methods. The following table summarizes the minimum deposit requirements for popular payment methods:

Payment MethodMinimum Deposit
Bank Wire Transfer$100
Credit/Debit Card$100
Skrill$100
Neteller$100
FasaPay$50
Perfect Money$10


Funding Your FXOpen Account

FXOpen offers a variety of convenient and secure methods for funding your trading account. You can deposit funds using bank wire transfer, credit/debit card, e-wallets, and other payment methods. The processing time for deposits varies depending on the chosen payment method.

Conclusion

The minimum deposit on FXOpen varies depending on the account type and payment method selected. However, with a minimum deposit as low as $1, FXOpen makes it accessible for traders of all levels of experience to start trading forex.