DEPOSIT OPTIONS
Funding Methods
| Deposit Method | Account Base Currency | Fees/Commission | Min. Deposit | Processing Time | |||
|---|---|---|---|---|---|---|---|
| DEBIT & CREDIT CARDS | |||||||
 | USD, EUR, GBP, CHF, ZAR | Free* (limits apply) | 25 USD equivalent | Instant | |||
 | USD, ZAR | Free* (limits apply) | 25 USD equivalent | Instant | |||
| BANK WIRE TRANSFER | |||||||
 | USD, EUR, GBP, CHF, ZAR | Inward fees covered by XGLOBAL | 100 USD equivalent | Same day received | |||
 | ZAR | Free* (limits apply) | 500 ZAR | Instant | |||
| E-WALLETS | |||||||
 | USD, EUR, GBP, CHF, ZAR | Free* (limits apply) | 100 USD equivalent | Instant | |||
 | USD, EUR, GBP, CHF, ZAR | Free* (limits apply) | 100 USD equivalent | Instant | |||
 | USD | Free* (limits apply) | 100 USD | Instant | |||
 | USD | Free* (limits apply) | 100 USD | Instant | |||
| INTERNAL TRANSFER | |||||||
 | USD, EUR, GBP, CHF, ZAR | Free | No minimum amount | 24 hours |
Key Features
How Do You Process an Online Deposit?
To deposit funds in your trading account is fast and straightforward.
- Click here to open a real trading account
- Click on the Deposit option which is on the top left corner in your login section
- Choose the Deposit option you wish to use
- Enter the desired amount to be deposited
- Follow the onscreen instruction to securely complete your transaction
- The funds will be credited in your trading account immediately
How Can You Process a Bank Wire Transfer?
To send us funds by bank transfer you need to choose the option to deposit funds through Bank Wire in the client area. You will then be emailed the full banking details required to complete your transaction. We advise clients’ to ask their bank for a value date time-frame. We typically credit clients’ trading accounts the same day funds arrive to our bank.
Deposit Terms:
In order to provide a first class service to all clients we recommend a minimum deposit of 100 USD or currency equivalent. Subject to the minimum initial deposit, we cover all deposit fees/charges charged by our banks and payment providers for accepting inward funds subject to certain exceptions.
For deposits through bank card or e-wallets a maximum cumulative deposit limit of 10k USD (or currency equivalent) per client is set for each calendar month. There is also a maximum deposit amount per transaction of 10k USD (or equivalent) through such methods. For deposits via Instant EFT using South Africa banks there is a maximum cumulative deposit limit of 100k ZAR per calendar month. If a client wishes to send a higher amount by bank card, Instant EFT or e-wallet please contact support, who will be glad to assist.
There is no maximum deposit by bank wire but for bank wire deposits exceeding 50k USD (or currency equivalent) we recommend to contact support or a relationship manager in advance so pre-approval can be taken from the receiving bank. This will help avoid delays in crediting your account due to additional due diligence requirements.
Free Deposit Exceptions:
Should a client exceed the deposit limits set by bank card, Instant EFT or e-wallet (10k USD equivalent per transaction and/or per month) the transaction cost will be passed on to the client by deducting the amount from the clients trading account. Such transaction costs could be deducted from a clients trading account retrospectively.
XGLOBAL FX may pass on the cost to process deposits in cases of insufficient trading volume, or if management suspect clients have abused the system or a bonus. Insufficient trading volume is considered less than 0.10 round trip lot per 100 USD deposited for all symbols except cash indices. For cash indices the threshold is 1.00 round trip lot per 100 USD deposited.