The online brokerage firm Forex.com requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with Forex.com is $100, which can be deposited via various methods, including wire transfer, debit card and credit card.
Forex.com generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the Forex.com minimum deposit?
The Forex.com minimum deposit is $100 for any type of account.
Depending on the account base currency the amount to deposit might slightly vary.
Forex.com supports you making available different payment methods to fund your account.
The Forex.com deposit features are listed in this table below:
| FOREX.COM DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| Forex.com standard account | $100 minimum deposit |
| Forex.com MT5 account | $100 minimum deposit |
| Forex.com spread-only account | $100 minimum deposit |
| Forex.com RAW pricing account | $100 minimum deposit |
| Forex.com corporate account | $100 minimum deposit |
| Forex.com STP Pro account | $100 minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | EUR, GBP, USD |
73%-77% of retail investor accounts lose money when trading CFDs with this provider
Now that you know the minimum amount for each account you can find out what Forex.com account type is best suited for you.
What are the Forex.com account base currencies?
The Forex.com account base currencies are USD, EUR and GBP.
At Forex.com, however, you can deposit in multiple currencies depending on the deposit method chosen. Keep in mind though, that if you deposit a currency that is not one of these three then you will have to pay a conversion fee.
In fact, Forex.com supports you to make your deposit in a number of global currencies depending on your location. These include the USD, EUR, GBP, CAD, CHF, JPY and AUD.
What are the Forex.com funding and deposit methods?
The Forex.com deposit methods features and fees are listed below:
- Wire transfers: bank transfers are typically fee free at Forex.com, and are usually processed within 24 hours.
- Credit/debit card: Forex.com accepts Visa, MasterCard and Maestro credit/debit cards. The processing time here usually takes up to 2 business days.
- Other methods: there are also some more region-specific funding options that you can take advantage of. These include in the US where you can deposit either an eCheck, personal or business check.
What are the Forex.com deposit fees?
Forex.com won’t charge any fees for depositing money into your trading account.
However, your bank may charge fees from their side, particularly on wire transfers. This is something you will need to verify with them first.
What are the steps to fund your Forex.com account?
The steps to fund your Forex.com account are listed below:
- Create a Forex.com account:
If you are a new trader the best thing you could do would be to apply for a Forex.com demo account in order to get a feel for both the broker and forex trading in general. This is a great first step as a new trader with Forex.com or any other top forex broker you may choose.
Once you have opened the demo account and explored all its features that we have discussed in our Forex.com demo account review, and you feel experienced enough, you can apply for a live account in order to start trading with real money.
- Verify the Forex.com account:
Once you have decided to open a new live trading account, you will need to verify a couple of details. This includes your identity, and residence. The process is typically fast and hassle-free and one that you can quickly complete by having your passport and a recent utility bill or bank statement to hand. These will help you upload and complete the Forex.com verification process quickly.
- Fund your Forex.com account:
As soon as your account has been verified you can go ahead and make your first deposit while respecting the minimum deposit requirements that are in place. Once this deposit has been processed, you are ready to start live trading.
How does the Forex.com minimum deposit compare with other major brokers?
The comparison between Forex.com’s minimum deposit and those of other brokers can be found in this table below:
| FEATURES | FOREX.COM | OANDA | IG MARKETS |
|---|---|---|---|
| Minimum deposit | $100 | $0 | $250* |
| Wire transfer | Yes | Yes | Yes |
| Credit card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Number of deposit methods | 8 | 6 | 6 |
| Base Currencies | EUR, GBP, USD | USD | EUR, GBP, USD |
*Depends on the IG Markets entity you subscribe with.
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Does Forex.com offer deposit bonuses?
Forex.com offers a deposit bonus under the CIMA regulated entity of the broker.
This means traders in the EU, UK, US, and China are all not allowed to participate in the bonus offering.
Eligible traders will need to deposit at least $1,250, and Forex.com will grant an additional 20% of your total deposits within 14-days of your first deposit. This bonus is available up to a maximum deposit of $5000.
You can take a look here at our forex brokers bonus promotions top ten for all the best brokers and offers around.
The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account.
All customer deposits at FOREX.com are kept separate from our own operating funds and distributed across a global network of custodian banks and brokers.