As mentioned, the minimum deposit at ActivTrades is $1,000. This is relatively high, admittedly, but the broker offers many advantages too. Before you can begin trading with this broker, you must transfer this sum from your bank account to the new account you opened with the broker. Then, you can begin with any trades you want. The first deposit is also called initial funding on occasion.
Beyond the required minimum deposit, there are a couple of other factors to consider when you are about to open an account at ActivTrades. On the plus side, it’s simple and intuitive to make a deposit. No fee is charged on this. You can use debit or credit cards to fund your account. The only minus is the high initial funding amount.
Like almost every other broker, ActivTrades require a minimum deposit to cover starting costs connecting to opening an account for a new customer. You can rest assured nothing will be deducted from your funds by ActivTrades. There will be other costs, which depend on your payment service and method.
Possible methods of deposit include wire transfer, online wallets, and debit or credit card. All of these methods have different transfer times. For example, online wallets, credit card, and debit card transfers are near instant. On the other hand, you can expect to have to wait up to three business days if your preferred deposit method is wire transfer.
According to information available, deposits to accounts with ActivTrades are less intuitive compared to analogical trading platforms. In some cases, the interface is not easy to use. It can be a bit hard to figure out how and where to make the deposit.
When you open a trading account, you’ll be asked to select a preferred currency. There is a base currency for all accounts. ActivTrades will hold your deposit in that base currency. The broker supports USD, EUR, and GBP. No minor currencies are supported. If you use a major currency for your deposit, ActivTrades will not convert it. You can use a lesser known currency, but the broker will convert your funds and charge a fee on this operation respectively.