Exness Minimum Deposit And Payment Methods
The minimum deposit for an Exness trading account typically starts at $1, making it accessible for traders with various budget levels.
One of the first things you’ll need to do when you want to start trading forex, is choosing the right broker that fits your specific needs and requirements. To do this, you’ll often look at what currency pairs the broker offers for trading, how easy and intuitive its trading platform is to use, and how much you’ll need to deposit to start training.
Considering this, you’ll need to find a broker with minimum deposit requirements that align with your budget. Here, it's also important to look at how much you’ll need to pay every time you deposit funds into your trading account.
To make this process a little easier, we’ll be looking at Exness’s minimum deposit requirements and its account details in more detail.
Do you want to start trading Forex? Open an account on Exness!How Much is the Exness Minimum Deposit?
The minimum deposit for Exness depends on the specific deposit method you intend on using. Here, the different deposit methods and their minimum deposits are:
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Bitcoin - 10 USD
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Bank Card - 10 USD
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Internet Banking - 10 USD
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Skrill - 10 USD.
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Neteller - 10 USD
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Perfect Money - 50 USD
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Tether - 10 USD
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Webmoney - 10 USD
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Mybux - 10 USD
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Ozow - 10 USD
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SnapScan - 10 USD
From the above, you'll see that all of Exness’s deposit methods have a minimum deposit requirement of 10 USD except for Perfect Money which requires 50 USD. Keep in mind, however, that these figures relate to Exness’s standard account, and its professional accounts have a minimum deposit requirement of 500 USD.
Exness Minimum Deposit ZAR
Considering the minimum deposits mentioned above, the minimum deposit for South Africans in South African rand (ZAR) would still be 10 USD. In other words, to calculate the minimum deposit, South African traders would need to convert 10 USD to ZAR based on the current exchange rate.
Exness Minimum Deposit vs Competitors
Let's now look at how Exness compare to its competitors when it comes to minimum deposits.
Exness | AvaTrade | RoboForex | |
---|---|---|---|
Minimum Deposit |
10 USD |
100 USD |
10 USD |
Exness Deposit Methods and Fees
Now that we've looked at the minimum deposit requirements, and we’ve seen the different deposit methods you'll have available, let’s look at how Exness compares to its competitors.
Exness Deposit Methods vs Competitors
Exness | AvaTrade | RoboForex | |
---|---|---|---|
Bank Transfer |
Yes |
Assets for copy trading
Yes |
Regulator Yes |
Debit/Credit Card |
Yes |
Assets for copy trading Yes |
Regulator Yes |
Payment Apps |
Yes |
Assets for copy trading Yes |
Regulator Yes |
Yes |
Assets for copy trading No |
Regulator No |
Exness Deposit Fees
Exness charges no fees for any deposits. You should, however, keep in mind that certain payment systems may impose transaction fees when you deposit funds with Exness.
How Long Does It Take to Deposit Funds on Exness?
Once again, how long it takes to deposit funds into your Exness account, depends on the specific deposit method you use. Here, the different deposit methods and their processing times are:
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Bitcoin - Within 72 hours.
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Bank Card - Instant.
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Internet Banking - Instant.
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Skrill - Instant.
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Neteller - Instant.
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Perfect Money - Instant.
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Tether - Within 72 hours.
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Webmoney - Instant.
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Mybux - Instant.
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Ozow - Instant.
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SnapScan - Instant.
Exness Account Currencies
When it comes to account currencies, Exness offers you a variety of account currencies you can choose from. This list includes all the major currencies like USD, EUR, GBP, AUD, ZAR, JPY, CNY, CHF, CAD, and many others. Here, it’s important to remember that, when you deposit funds into your account using a different currency than your account currency, you’ll lose some money due to the conversion and the exchange rate.
With that in mind, let’s see how Exness compares to its competitors.
Exness | AvaTrade | RoboForex | |
---|---|---|---|
Account Currencies |
All the major |
Assets for copy trading
USD, EUR, GBP |
Regulator USD, EUR, CNY, GOLD |
How to Deposit Money on Exness - Step-by-Step Guide
Now that we've seen what the minimum deposit requirements at Exness, what currencies you can use to deposit funds into your Exness account, and what account currencies the platform offers, it's time to look at how you can deposit funds into your Exness account. After all, you’ll need money in your account before you can start trading.
The steps you’ll need to follow are:
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The first step is to log into your Exness Personal Area.
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From here, you’ll need to click on the Deposit section.
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On the page that opens, you’ll then select the payment method you want to use.
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You’ll then get a pop-up menu where you’ll need to choose the account you want to deposit funds into.
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Here, you’ll also be able to choose the currency and amount of your deposit.
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Once you’ve made sure all the details are correct, you can click Confirm Payment.
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Depending on the payment method you choose, you’ll then be taken to the website of your chosen payment method where you’ll be able to complete your deposit.
FAQs
Does the deposit currency need to be the same as my account currency?
No, it doesn’t. Keep in mind, however, when the deposit and account currencies are not the same, exchange rates will apply when your deposit currency is converted into your account currency.
Why do I still pay a fee while Exness says that deposits are free?
Although deposits are free, it might be that your chosen payment method levies a transaction fee when you make a deposit.
Why can’t I deposit the amount I want to?
When depositing funds into your Exness account, you’ll need to make sure your account is verified. If not, there might be a limit on how much you can deposit.
Will my money be safe?
Yes, your money is completely safe. Exness is a recognized broker and also properly regulated.
Glossary for novice traders
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1
Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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2
Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
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3
Copy trading
Copy trading is an investing tactic where traders replicate the trading strategies of more experienced traders, automatically mirroring their trades in their own accounts to potentially achieve similar results.
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4
Bitcoin
Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.
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5
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).