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# What Is the Minimum Deposit for Exness in ZAR? South African Rand Deposit Guide
- URL: https://forexbrokerguides.ghost.io/what-is-the-minimum-deposit-for-exness-in-zar-rand-guide/
- Published: 2026-10-16T07:14:00.000Z
- Updated: 2026-10-16T07:14:00.000Z
- Description: A rand-focused guide to the Exness minimum deposit: how to convert it to ZAR, which account types need more, payment methods, bank fees, exchange-control and tax notes, and safe first-deposit steps.
- Author: TD trader
- Tags: Exness, #Import 2026-10-18 23:04

⚠️ **Read first:** this article is general information for South African readers, not financial, tax or legal advice. CFDs are high-risk leveraged products, and most retail clients lose money. Minimum deposits, exchange rates, payment methods and exchange-control rules change, so confirm every figure in your own client area and with your bank before you move any money.

If you are searching "**minimum deposit for Exness in ZAR**", you probably want a simple number in rand. The honest answer is that there is no single number: the minimum depends on the **account type**, the **payment method** and sometimes your **entity and country**, and the rand value moves every day with the exchange rate. What this guide gives you is a way to work out the figure yourself in about two minutes, plus everything around it that determines whether your first deposit goes smoothly. 🇿🇦

You can [Open your Exness profile and see the minimum deposit shown for your account](https://one.exnessonelink.com/boarding/sign-up/a/tur) to see the exact minimum shown for the payment methods available to you. Then use the sections below to turn that number into a safe rand plan.

## 🧮 Step One: Convert the Minimum Into Rand

Exness quotes minimum deposits in US dollars for many methods, and the local entity may show conversions or rand-based options. The formula is simple:

**Rand needed = minimum deposit in USD × the USDZAR exchange rate your bank or payment provider uses + any fees.**

An illustration with invented round numbers (replace with live figures):

- Minimum deposit shown: USD 10.
- Exchange rate used by your card provider: R18.50 per dollar.
- Rand value: R185.
- Card or bank fee on a foreign transaction: for example 2 to 3 percent, about R4 to R6.
- Total cost: roughly R190.

If the minimum is USD 200 for a different account type, the same method gives about R3,700 plus fees. These numbers are only to show the arithmetic. **The live rate and the live fee are the only figures that count.**

## 🧩 Step Two: Understand How Account Type Changes the Minimum

Typical patterns, which you should confirm for your entity:

- 🪙 **Standard Cent and Standard:** the lowest entry points, often the equivalent of a small dollar amount, depending on the payment method.
- 🔵 **Pro:** a higher minimum, commonly in the hundreds of dollars.
- ⚡ **Raw Spread and Zero:** also higher minimums, because they target active traders who pay commission.

A lower minimum does not mean a better account. It means a lower barrier. A very small deposit can only support very small positions if you apply sensible risk rules, and the cost of transferring tiny amounts can be large in percentage terms.

## 💳 Step Three: Pick the Payment Route and Check Its Minimum

Each payment method has its own minimum and maximum. For South African clients the options typically include card payments, e-wallets, some bank-based methods and cryptocurrency, although availability changes. Look at:

- **Minimum and maximum per transaction.**
- **Fees charged by Exness**, if any, and by your bank or provider.
- **Processing time**: instant, minutes or days.
- **Currency used**: does the method debit in rand and convert, or does it debit in dollars?
- **Name matching**: the payer must be you.
- **Withdrawal availability**: some methods are deposit-only, and withdrawals must go to a different route.

The cheapest minimum is not always the best choice if the method makes withdrawals harder.

## 🏦 Step Four: Ask Your Bank Three Questions

1. **What exchange rate and fee will you apply** to a card payment to an overseas trading platform?
2. **Does a payment to an offshore broker count against my annual allowance** for sending money abroad, and how should it be coded?
3. **Are there any blocks on merchant category codes** used by trading platforms? Some banks decline them.

Write down the answers. They will save you from surprises such as a declined payment, an unexpected hold or a fee larger than the deposit itself.

## 🌍 Step Five: Remember Exchange Control

South Africa has exchange controls. Residents generally have annual allowances for sending funds abroad, such as a single discretionary allowance and a foreign investment allowance that may require tax compliance status approval at larger amounts. Whether a card payment to an offshore broker uses one of these allowances depends on how your bank treats it. Ask rather than assume. If you use the local-entity route in rand, the flow may differ from a foreign card payment.

Two firm rules: never use informal channels or third-party individuals to move funds abroad, and never split or disguise payments to avoid reporting. Those create legal risk.

## 🧾 Step Six: Complete Verification Before You Deposit

The minimum deposit is not the only gate. Under the Financial Intelligence Centre Act (FICA) and the broker's own rules, you need to verify identity and residence:

- 🪪 **ID:** green barcoded ID, smart ID card or passport, valid and clear.
- 🏠 **Proof of residence:** a recent utility bill or bank statement showing your name and address.
- 💳 **Payment proof:** sometimes a card photo with middle digits hidden, or an e-wallet screenshot.

Doing this before your first deposit means your first withdrawal will not be delayed.

## 🧱 Step Seven: Decide Your First Deposit Amount

Start from what you can afford to lose completely, not from the minimum. A useful rule: your first deposit should be an amount whose total loss would not change your month. Then check that it is at least the minimum for your chosen account and method.

Examples of rand budgets:

- 🟢 **Learning budget:** a small amount, with a cent or standard account, minimum lots and a strict one percent risk rule.
- 🟡 **Serious beginner budget:** an amount that allows a reasonable position size with a one percent risk and a stop of 20 to 30 pips.
- 🔴 **Not recommended:** borrowed money, rent money, school fees, or the contents of an emergency fund.

## 🧮 Step Eight: Check That the Deposit Supports Your Risk Rules

Run your own position-size calculation. Suppose you deposit R2,000 and risk one percent per trade. That is R20 per trade. If one pip on 0.01 lots is about R1.80 on a major pair (an illustrative figure) and your stop is 15 pips, then risk at 0.01 lots is about R27, which is **more** than your R20 limit. So with a R2,000 account, a 15-pip stop on a major pair already pushes you above your risk rule at the smallest standard lot. A cent account or a smaller stop distance would solve the problem. This is exactly why the minimum deposit and your position-size rules must be considered together.

## 💱 Understanding the Rand and Why It Matters for Deposits

The rand is among the more volatile emerging-market currencies. It reacts to global risk appetite, commodity prices, local politics, credit-rating decisions and interest-rate differentials. For you, this has two practical effects.

First, the **rand cost of a fixed dollar deposit changes day to day**. A minimum of USD 10 might cost R170 in one month and R195 in another. Second, if your account is in dollars, your **balance in rand terms moves even when you do not trade**. A rand that strengthens reduces the rand value of a dollar account; a rand that weakens increases it. A rand-denominated account, where available, removes this effect on the balance display but not on instruments quoted in dollars.

Think of the exchange rate as a hidden second trade running alongside your market trades. If you deposit when the rand is strong and withdraw when it is weak, you gain on the conversion, and the reverse can cost you. Over the long run these effects can be larger than the spread on your trades, so track them in your records.

## 🧾 The Real Cost of Moving Small Amounts

Small deposits suffer from fixed costs. If your bank charges a flat fee of R100 for an international payment, a R200 deposit loses half its value before you trade. Percentage fees are gentler, but flat fees hurt. Before choosing a payment route, calculate the **effective cost percentage**: total fees divided by deposit amount. Anything above a few percent should make you reconsider the route or the amount. Often a slightly larger deposit with a cheaper route is more efficient than several tiny deposits.

Here is a small comparison with invented numbers:

- **Route A:** card payment, 3 percent total foreign-exchange and card fee. Deposit R1,000 costs R30 in fees.
- **Route B:** e-wallet funded locally, 1.5 percent funding fee plus 1 percent conversion. Deposit R1,000 costs R25.
- **Route C:** bank transfer with a flat R150 fee. Deposit R1,000 costs R150, which is 15 percent.

The cheapest route depends on the amount. For R10,000, Route C costs 1.5 percent and may become competitive. Always do the arithmetic for your own amount.

## 🕒 When to Deposit

Deposit when markets are open and during business hours, so that if there is a query, support and your bank are both reachable. Avoid depositing at the weekend if the method requires banking days to clear. If you plan to trade the London session, consider depositing the day before, so funds are ready. Never rush a deposit because of a "time-limited offer" or a message from someone claiming to be an account manager.

## 🧪 A Safe First-Deposit Routine

1. **Confirm the entity and the account type** you are funding.
2. **Check the minimum and fees** for your chosen method in your client area.
3. **Ask your bank** about rate, fee and reporting.
4. **Deposit the smallest amount that meets your plan**, not the largest you can afford.
5. **Record**: date, time, amount in rand, rate used, fee, reference number.
6. **Wait for the credit** and confirm the amount shown in your trading account.
7. **Place a minimum-size trade** to test the platform with real money.
8. **Test a small withdrawal** within the first weeks to learn how long it takes.

## 🔁 Withdrawals and Why They Influence Your Deposit Choice

The method you use to deposit often determines how you can withdraw. Some methods allow withdrawals back to the same route, others do not. Before choosing, read the withdrawal conditions for that method. If a deposit route is cheap but withdrawals can only go to an expensive route, the total round-trip cost may be higher than expected. Keep a record of every method you use, because anti-money-laundering rules typically require returning funds along the path they came, up to the amount deposited, and profits through an allowed alternative.

## 🧠 Psychology of the First Deposit

The first deposit changes your behaviour. Before it, trading is a game. After it, every pip has emotional weight. Prepare for this. A small deposit protects you financially and also gives you a chance to learn how you react under real stakes. Many beginners find that their rules, which worked perfectly on demo, fall apart when real money is on the line. Expect that and treat the first month as training in emotional control. Never top up the account to "give yourself more room" after early losses. That is the beginning of a spiral.

## 🧮 Worked Example: A R3,000 First Deposit

Suppose you deposit R3,000 into a standard account, risking one percent per trade. That is R30 per trade. You trade EURUSD with a stop of 20 pips. With an illustrative pip value of R1.80 per 0.01 lot, a 0.01 lot trade risks R36 at that stop, slightly above the limit. You could either widen your budget slightly, use a 16-pip stop, or accept that your first trades will risk slightly more than one percent until the account grows. The better solution is to use a tighter but logical stop and to trade less volatile conditions. This example shows that even a R3,000 account is small relative to standard lot sizes, and why cent accounts exist.

## 📉 Setting a Daily and Monthly Loss Limit

With R3,000, a daily loss limit of two percent is R60, and a monthly limit of ten percent is R300\. If you hit the daily limit, stop for the day. If you hit the monthly limit, stop for the month and review your journal. These limits may feel small, but they preserve capital and teach discipline. Beginners who skip limits often lose the entire first deposit in a few impulsive sessions and conclude that "forex does not work", when the real problem was the absence of rules.

## 🧯 Mistakes South African Beginners Make With Deposits

- Using a credit card without checking cash-advance or foreign-exchange fees.
- Depositing through someone else's card or wallet.
- Ignoring the allowance and reporting rules for offshore payments.
- Depositing before verification and then facing withdrawal delays.
- Funding with money needed for essentials.
- Chasing a bonus or promotion, which may come with volume conditions.
- Sending money to a "mentor" or an individual instead of a verified platform.
- Skipping records, then struggling at tax time.

## 💼 Tax and Records for Your Deposits

Deposits themselves are not income, but the way you record them matters for tax and for your own clarity. Keep a spreadsheet with columns for date, amount in rand, rate, fees, payment method, reference and the corresponding credit in your trading account. Add withdrawals in the same sheet, with the rand value received. At year end, your total in minus total out, together with account statements, helps you and your tax practitioner work out the result. Whether profits are treated as revenue or capital depends on the facts, and SARS considers intention, frequency and holding period. Do not rely on forum posts. Ask a registered tax practitioner, particularly if you trade often.

## 🧭 Choosing Between a Rand Account and a Dollar Account

If a ZAR account currency is available to you, it has benefits and trade-offs.

**Rand account**

- Your balance and results are shown in rand, which is easier to understand.
- You may reduce conversion on deposit and withdrawal if your funding route is in rand.
- Instruments quoted in dollars still involve conversion inside the account, which is reflected in profit and loss.

**Dollar account**

- Your balance is in dollars, matching the quote currency of many instruments.
- Deposits and withdrawals involve conversion at your bank or payment provider.
- Your rand-equivalent balance moves with USDZAR even when you do not trade.

Pick the one that matches how you think about money and how you fund the account. Whichever you choose, be consistent and keep records. Changing currency later may require opening a new account.

## 📊 How Much Should You Actually Start With?

There is no universal answer, but a framework helps. Define three numbers:

1. **Loss budget:** the total amount you can lose without harming your household.
2. **Risk per trade:** one percent or less of your account.
3. **Minimum meaningful stop:** the stop distance your strategy needs on your main pair.

Then calculate the smallest account for which one minimum lot at that stop distance risks no more than your risk per trade. For example, if your stop is 20 pips on a pair where 0.01 lots has an illustrative pip value of R1.80, risk per minimum lot is about R36\. For this to be one percent, the account would need to be about R3,600\. A smaller account means either a cent account, a smaller stop or accepting more than one percent risk. The minimum deposit is the legal floor. Your risk rules are the practical floor.

## 🧱 Cent Accounts and Small Rand Deposits

For readers with very small budgets, cent accounts allow position sizes far smaller than a standard minimum lot. That lets you apply a one percent risk rule even with a few hundred rand. Treat the cent account as a classroom, not a path to quick wealth. The profits will be tiny in absolute terms, and that is fine, because you are paying for experience. When your process is stable and your records show consistency, you can consider moving to a standard account with larger exposure.

## 🛡️ Protecting Your Deposit From Scams

- 🚫 **Never deposit to an individual.** Real brokers take deposits through the client area on their own site.
- 🔗 **Beware of links in messages.** Type the address yourself.
- 🧑‍💼 **Ignore "account managers" who contact you first.**
- 💬 **Do not follow WhatsApp or Telegram "mentors" who ask you to deposit through a specific link.**
- 🧾 **Check the beneficiary name** on any bank-transfer instruction displayed in your client area.
- 🛑 **Stop if anyone asks for your password or one-time codes.**

If you have already sent money to a suspected scammer, stop sending more, collect evidence, contact your bank immediately and report the matter to the relevant authorities. Do not pay anyone who offers to recover funds for a fee.

## 📱 Doing It From Your Phone

Many South African traders fund and trade from their phones. The mobile app lets you deposit, check balances and place trades. Practical tips: use mobile data or a trusted network rather than public Wi-Fi, enable biometric unlock, keep your banking app and trading app updated, and take screenshots of confirmation pages. If your bank sends one-time PINs, make sure your phone number on file is correct. Keep your phone charged when you transact, and avoid depositing during load-shedding if your connection is unstable, since interrupted sessions can create confusion about whether a payment went through.

## 🔌 Load-Shedding and Deposit Timing

Power cuts affect connectivity. If a deposit session is interrupted, do not retry blindly. Check your bank statement and your client area transaction history before trying again, so you do not pay twice. If a payment has left your bank but has not appeared in your trading account, note the reference and contact support with proof. Most delays are resolved with a reference number and a screenshot. Avoid performing sensitive operations on a failing connection.

## 🧾 Checklist Before You Press "Deposit"

- Verified identity and residence
- Right entity and account type
- Method matches my name
- Minimum checked for that method
- Fees and rate confirmed with bank
- Allowance and reporting understood
- Amount is within my loss budget
- Two-step verification on
- Record sheet ready
- Plan for a small withdrawal test

When you can tick all ten, you are ready. You can [Check the FP Markets deposit options for a South African comparison](https://portal.fpmarkets.com/int-EN/register?redir=stv&fpm-affiliate-utm-source=IB&fpm-affiliate-agt=56244) for a reference on how another broker presents deposit options to South African clients, to make sure you are comparing like with like.

## 📈 After the Deposit: What to Do in the First Two Weeks

**Days one to three:** do nothing but observe. Open the platform, check balance and equity, read the specification of your main pair, and place only demo trades if you are unsure. Confirm that your deposit has been credited in full and note any difference from what you expected.

**Days four to seven:** place minimum-size trades according to your written plan. Record each one, including the spread and any slippage. Do not increase size, even after wins.

**Days eight to fourteen:** request a small withdrawal, preferably the amount of one or two small profits or a fraction of the deposit, to learn the process and timing. Compare it with the published time. Review your journal and your costs. If everything has gone smoothly, you may consider a modest top-up later, in line with your budget, not on impulse.

## 🔍 How to Read Your Statement

Your trading account statement lists deposits, withdrawals, closed trades, swaps and commissions. Check each line against your records. Look for unexpected fees or conversions. If you find a discrepancy, take a screenshot, note the reference and contact support. A clear paper trail of every transaction is your best protection and also makes tax reporting easier.

## 🧮 Quick Reference: Rand Planning Table in Words

- If your budget is **very small**, choose a cent account, minimum volume and a strict loss limit. Expect tiny profits and tiny losses. Your goal is learning.
- If your budget is **moderate**, a standard account with micro-lots and a one percent rule can work. Be careful with wide stops.
- If your budget is **larger**, consider whether Pro or raw-style accounts fit your trading frequency, and whether a higher deposit actually lowers your cost per trade.
- If your budget is **uncertain or borrowed**, do not deposit.

## 👩‍👧 Four Rand Budgets in Real Life (Illustrative)

### Thandi, student, R500 spare

Thandi has R500 she could lose entirely. She opens a demo, practises for a month, then funds a cent account with the smallest amount that meets the minimum. She treats it as tuition. Her rule: never more than one percent risk per trade, never more than two trades a day and no deposits beyond the monthly cap she set. At the end of three months she reviews her journal rather than her balance.

### Pieter, salaried, R5,000 spare

Pieter earns a steady salary and wants to learn. He verifies his documents, asks his bank about allowance coding and funds a standard account with R5,000\. He trades only during his lunch break and the early evening, with minimum lots, one percent risk and daily loss limit of two percent. He keeps a spreadsheet of deposits, fees and rates, and sets reminders to review it monthly.

### Lindiwe, small-business owner, R20,000 spare

Lindiwe could afford more, but she decides to start with R5,000 and keep R15,000 untouched until she has three months of consistent results. She uses a larger share of her time for education and keeps a separate record of the money she spent on learning. She understands that her business cash flow is not trading capital, and she keeps those funds apart.

### Johan, retiree, R10,000 curious money

Johan is retired. He discusses the idea with a registered financial adviser first, who points out that leveraged CFDs are not suited to retirement capital. He decides to practise on a demo only, and to invest his savings through products his adviser recommends. He views the demo as a hobby, not an income plan.

## 🧱 What the Minimum Deposit Does and Does Not Tell You

The minimum deposit is a threshold for opening or funding an account of a certain type. It is not a recommendation of how much to deposit, a measure of how serious the broker is, or a guide to how much you can earn. Brokers set low minimums to attract new clients and higher minimums for accounts with different pricing. A very low minimum can be attractive for learning, but it also makes it easy to over-trade relative to your capital. Treat the minimum as the start of your risk calculation, not the end.

## 🔄 Topping Up Later: Rules of Thumb

- Top up on a schedule, not on emotion.
- Top up only after a review period, for example after thirty trades.
- Do not top up to avoid a margin call on a trade that is already too large. Reduce the trade instead.
- Keep each top-up within your loss budget.
- Record each top-up with the rate and the fees.

A top-up made in panic is often the first step toward a bigger loss. A top-up made calmly, after a review, can be a sensible extension of a working plan.

## 🕰️ Common Questions About Timing and Cut-Offs

Banks have cut-off times, and international payments may take one or two business days. If you deposit on a Friday afternoon, funds may not arrive until Monday. Card payments are often instant but may be flagged by your bank's fraud systems, especially for first-time merchants. If a payment is declined, call your bank rather than trying repeatedly, because repeated attempts can trigger blocks. Keep notes of any reference numbers and the exact time of each attempt.

## 🧠 A Calm Look at Why People Search for the Smallest Possible Deposit

Most people who search for the minimum deposit are not asking for the number alone. They are asking, "Can I try this without risking too much?" That is a healthy question, and the answer is yes: you can try trading with a small amount, especially with a demo first and a cent account later. But the smallest deposit also carries a hidden risk: the temptation to compensate for a small balance with large positions. A R200 account that opens a position meant for a R20,000 account is not "trying", it is gambling. The right approach is to match your position size to your balance and to accept that small accounts produce small results while teaching big lessons.

## 🧮 Break-Even Thinking for Small Accounts

Every trade has a cost. On a small account, cost relative to balance is larger. If your total cost per trade is R5 and your balance is R500, each trade must earn one percent just to break even. Over twenty trades a month, you would need a twenty percent gain on balance to cover costs alone, which is unrealistic. This shows why small accounts should trade less often, use wider timeframes and avoid scalping. Fewer, better-planned trades keep costs from eating the account. Run the arithmetic for your own situation before you start.

## 📚 Reading List Before Your First Deposit

- The client agreement for your entity.
- The risk disclosure and the percentage of retail accounts that lose money.
- The order execution policy.
- The fees page for your account type and payment method.
- Your bank's guidance on offshore payments and allowances.
- The regulator's consumer warnings on forex and CFDs.

An hour of reading before your first deposit is cheap insurance. Most of the costly surprises that traders report could have been avoided by reading one of these documents.

## 🗣️ What to Say to Your Bank Teller or Call Centre

Many banks have staff who are unfamiliar with trading platforms. A clear, short script helps: "I want to make an international card payment of about R\_\_\_ to an overseas online trading platform. Can you tell me the exchange rate you apply, the total fee, whether this payment counts against my annual allowance for sending money abroad, and whether there are any restrictions on this type of merchant?" Write down the name of the person, the date and the answer. If the answer is vague, ask for it in writing or by email. This conversation takes five minutes and protects you from a declined payment, an unexpected fee or a compliance question later.

## 🧱 If Your Deposit Is Declined

A decline can have several causes: insufficient funds, a merchant block, a daily limit on international transactions, a mismatch between the card name and the account name, or a bank fraud rule. Do not try again immediately. Call your bank, ask for the specific reason, and ask whether the card is enabled for international online payments. If the bank blocks this merchant type, consider another route you are comfortable with. Never ask a friend to pay on your behalf, and never borrow a card.

## 🌅 Final Perspective for South African Readers

Trading is a skill, not a shortcut. The minimum deposit is just the entrance. The real work is learning risk management, keeping records, understanding exchange-control and tax rules, and staying safe from scams that thrive on hope. If you keep your first deposit small, your records tidy and your expectations realistic, you give yourself a chance to learn at a modest price and to decide, with evidence, whether to continue.

## ❓ Frequently Asked Questions

### What is the minimum deposit for Exness in rand?

It depends on account type, payment method and entity. Look up the dollar minimum for your method in the client area and convert at the rate your bank applies, then add fees.

### Can I deposit in rand directly?

Some routes may support rand, and some account currencies may be offered. Check what your client area shows for South Africa.

### Is a bigger first deposit better?

No. Start with an amount you can lose, then scale gradually if your results and the broker's behaviour justify it.

### Do I need to tell my bank?

Ask your bank about allowances and reporting for payments to overseas platforms. Do not guess.

### Can I use someone else's card?

No. Payments must come from accounts in your own name.

### Are there deposit fees?

Exness may or may not charge for a given method, and your bank or payment provider may charge. Check both.

### How long do deposits take?

Some are instant, others take longer. The client area shows typical times for each method.

### What happens if my deposit does not appear?

Keep the reference and a screenshot, check your bank statement and contact support through official channels.

### Is trading with a small deposit realistic?

You can learn with a small deposit, especially with a cent account, but profits will be small and risk rules must be strict.

## 🏁 The Takeaway

The minimum deposit for Exness in ZAR is not a single number. It is the dollar minimum for your account type and payment method, converted at your bank's rate, plus fees. More important than the minimum is your own plan: verified documents, a method in your own name, a bank that understands the payment, a deposit you can afford to lose and rules that match the size of your account.

🔥 **Your next move:** write down your loss budget in rand, check the minimum for your preferred method in your client area and run the position-size calculation. [Try the Exness demo first and keep your first rand deposit small](https://one.exnessonelink.com/boarding/sign-up/a/tur) and see your real options today, then deposit only when every item in the checklist is ticked. 🇿🇦

\*Educational information only; not financial, tax or legal advice. Trading CFDs carries a high risk of loss. Minimums, rates and rules change, so confirm every figure with official sources and your bank.\*

## 📌 Important: CFD Risk Warning and Disclosure

CFDs and leveraged forex are complex instruments. Because you trade on margin, a small price move against you can remove a large part of your balance quickly, and a majority of retail traders lose money when trading CFDs. Before you open or fund any account, make sure you understand how leverage, margin, swaps and stop-outs work, and only trade with money you can afford to lose. Examples in this article are illustrations, not forecasts, and past performance is not a reliable guide to future results.

*Disclaimer: this article is general information and education only. It is not financial, investment, tax or legal advice, and it is not a recommendation to open an account with any provider. Broker conditions, licences, payment methods and local laws change; confirm the current position on the broker's official website, with the relevant regulator and, where needed, with a qualified adviser.*

🔗 Affiliate notice: we may earn a referral commission when readers open accounts via links here; your costs stay the same.