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One of the principal things you have to do when you begin trading forex is choose the right broker.During your examination, you will normally look at the instruments the broker provides, its trading stage, and, of course, the amount you must deposit and the charges you will incur when you deposit assets into your trading account.
If you’re searching for the lowest deposits, payment options, and fees, you’re going to want to find a broker that allows you to open an account with a deposit that fits your budget.
Additionally, it’s an undeniable advantage if the broker enables you to put away installments in a currency that is advantageous to you.
Considering this, we’ll look at RoboForex’s minimum deposit, payment options, and fees. Hopefully, this will help you decide whether RoboForex is right for you.
How much is minimum deposit in RoboForex?
|🔎 RoboForex Account||🥇 Prime||🥈 ECN||🥉 R StocksTrader||🥇 ProCent||🥈 Pro|
|💵 Min Deposit||$10 USD||$10 USD||$100 USD||$10 USD||$10 USD|
|📈 Spread||From 0 pips||From 0 pips||From 0.01 USD||From 1.3 pips||From 1.3 pips|
|💳 Commission for trading volume of 1 million USD||✔️ Yes||✔️ Yes||N/A||N/A||N/A|
Remember, however, that simply because an account has a minimum deposit requirement, doesn’t imply that you can begin trading with a small sum. This is because, to make OK returns with a little account, you’ll have to exchange with higher margins.As a result, your risk is dramatically increased.
RoboForex Deposit Methods and Fees
With RoboForex, you have the choice of multiple ways to set aside funds for your account. These include:
Cash and vouchers.
|🔎 Payment System||🏦 Bank Payments||🔁 Electronic Payments||💳 Bank Cards||💵 Cash and Vouchers|
|💰 Currency||USD, BRL||USD, EUR||USD, EUR||USD|
|✅ Deposit Fee||0%||0%||0%||0%|
|⏳ Processing Time||1-3 Days||Up to 1 Day||Up to 1 Day||Up to 1 Day|
RoboForex Withdrawal Methods and Fees
|🔎 Payment System||🏦 Bank Payments||🔁 Electronic Payments||💳 Bank Cards|
|💰 Currency||USD||USD, EUR||USD, EUR|
|✅ Withdrawal Fee||0% – 1.5%||0% – 1.9%||2.6% + 1.3 USD / 1 EUR|
|⏳ Processing Time||Up to 1 Day||Up to 1 Day||Up to 1 Day|
The minimum deposit required for a live RoboForex account is generally quite low, but remains highly competitive. This $10 USD minimum deposit is considered low, yet highly competitive.
How long does it take to deposit money at RoboForex ?
- The majority of electronic payments are instant, but some, such as Skrill, may take up to one day.
- You may have to wait as long as three days for your bank to process your payment.
- The payment of credit cards is processed instantly except for China UnionPay where the payment of deposit bank cards can take up to one day.
What currencies can be used to deposit at RoboForex ?
- The Wallet supports four types of transit accounts in USD, EUR, CNY, and GOLD.
- If the funds deposited differ from the currency of the transit account, the funds will be converted based on the exchange rate used by the Company.
What instruments are available for trading with RoboForex?
You can trade the following instruments:
- CFDs on stocks, shares, and indices
- Metals and energies, and