Minimum Deposit Exness
Minimum Deposit Requirements Overview
Exness provides trading accounts in South Africa with minimum deposits starting from R200 (equivalent to $10) for Standard accounts. Operating under FSCA regulation FSP 51024, Exness ZA (Pty) Ltd offers various account types with different minimum deposit requirements to accommodate different trading strategies and preferences.
Account Type | Minimum Deposit (ZAR) | Features |
Standard | R200 | No commission, from 0.2 pips spread |
Standard Cent | R200 | Micro-lot trading, from 0.3 pips |
Pro | R4,000 | Zero commission, from 0.1 pips |
Zero | R4,000 | Zero spread, fixed commission |
Raw Spread | R4,000 | Lowest spreads, fixed commission |
Account Type Deposit Requirements
Standard accounts require minimum deposits of R200. Professional accounts start from R4,000. Standard Cent accounts maintain R200 minimum. Zero accounts require R4,000 initial funding. Raw Spread accounts start at R4,000. Each account type provides specific trading conditions.
Deposit Methods Available
Local payment systems process ZAR deposits. Electronic payment systems provide instant processing. Bank transfers support larger deposits. Credit card deposits process immediately. Mobile payment solutions offer convenience.
Payment Options
- Local bank transfers
- Electronic wallets
- Credit/debit cards
- Mobile payments
- Instant payment systems
Currency Conversion Considerations
ZAR deposits convert to account currency automatically. Conversion rates follow market conditions. Multiple base currencies remain available. Conversion fees do not apply. Real-time rates determine conversion values.
Deposit Processing Times
Electronic deposits process instantly. Bank transfers require processing time. Payment system limits affect processing. Verification requirements influence timing. Status updates provide processing information.
Processing Timeframes
- Electronic payments: Instant
- Bank transfers: 1-3 business days
- Card payments: Instant
- E-wallets: Instant
- Mobile payments: Instant
Account Funding Security
Secure payment channels protect transactions. Encryption systems safeguard data. Verification procedures ensure security. Payment monitoring prevents fraud. Client funds remain segregated.
Deposit Verification Requirements
Identity verification precedes deposits. Document requirements follow regulations. Verification status affects limits. Processing requires complete documentation. Support assists with verification.
Required Documents
- Government ID
- Proof of residence
- Bank statements
- Payment confirmation
- Additional verification if required
Minimum Trade Sizes
Standard accounts allow 0.01 lot minimum. Cent accounts support micro-lots. Professional accounts maintain 0.01 minimum. Position sizes follow margin requirements. Maximum sizes vary by instrument.
Account Currency Options
Multiple account currencies available. ZAR accounts support local trading. Currency conversion occurs automatically. Base currency selection remains flexible. Currency pair trading requires no conversion.
Deposit Limits
Maximum deposit limits vary by method. Account type influences limits. Verification level affects limitations. Method-specific limits apply. Regulatory requirements determine limits.
Account Activation Process
Deposits activate trading accounts. Verification completion enables trading. Platform access follows activation. Trading conditions activate immediately. Support confirms activation.
Deposit Processing Verification Systems
Initial deposit verification occurs through automated security systems that check payment source validity and compliance requirements. Multiple verification layers ensure transaction security while maintaining processing efficiency. Support teams monitor unusual transaction patterns for additional security.
- Payment source validation
- Compliance verification steps
- Security protocol checks
- Transaction pattern monitoring
- Processing speed optimization
Final verification confirms successful fund allocation to trading accounts, with automated notifications sent to clients through multiple channels. System records maintain complete transaction histories for future reference and regulatory compliance.
Account Balance Management
Trading account balances reflect deposits immediately upon successful processing, enabling instant access to trading functions. Real-time monitoring systems track balance changes and maintain accurate records across all platform interfaces. Multiple redundancy systems ensure accurate balance reporting and transaction recording.
FAQs
The minimum deposit starts at R200 for Standard and Standard Cent accounts. Professional accounts require R4,000 minimum deposit.
Electronic payments and card deposits reflect instantly. Bank transfers may take 1-3 business days for processing and verification.
Yes, deposits in ZAR automatically convert to the account’s base currency at current market rates without additional conversion fees.
