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ARMO Broker Minimum Deposit

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
Feb 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does ARMO Broker have a minimum deposit requirement as of February 2024?

Reading time: 3 minutes

It's great that you are looking for deposit options at ARMO Broker to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: ARMO Broker is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland.

My key findings in a nutshell
Gyula
Gyula Lencsés, CFA

I've thoroughly tested ARMO Broker services with our analyst team by opening a real-money account and these are my most important findings:

  • The minimum deposit at ARMO Broker is $2,160
  • ARMO Broker charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit ARMO Broker's page to start the process
  • ARMO Broker is a reliable broker regulated by at least one top-tier regulator

First, let's see if ARMO Broker is available in your country?

No, you can't open an account at ARMO Broker if you live in the United States!
the United States

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BrokerChooser score
3.9 3.9 /5
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Is ARMO Broker safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

ARMO Broker can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

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What is the minimum deposit at ARMO Broker?

At ARMO Broker, the minimum deposit amount is $2,160.

This means that you have to deposit at least $2,160 to be able to start trading.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at ARMO Broker

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Also, at ARMO Broker, there is no inactivity fee. This means that you won't be charged any fee, if you decide not to use your account in the future.

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What base currencies are available at ARMO Broker?

At ARMO Broker, the following base currencies are available: EUR, GBP, USD, CHF, CZK, PLN, DKK, NOK, SEK, AUD, CAD, HKD, HUF, INR, ILS, JPY, MXN, NZD, RUB, SGD. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

What deposit methods are available at ARMO Broker?

At ARMO Broker, the only available option to deposit money to your account is via Bank transfer.

Remember, that you can only deposit funds from accounts that are in your name.

Deposit options ARMO Broker
Bank transfer Yes
Credit/Debit card No
Electronic wallet No

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BrokerChooser score
3.9 3.9 /5
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Is there any deposit fee at ARMO Broker?

The answer is no. No deposit fees will be applied at ARMO Broker.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

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How to deposit money to ARMO Broker account?

Here's a step-by-step guide:

  • Log in to ARMO Broker's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to ARMO Broker

If you get stuck during the process, you can always reach out to ARMO Broker's customer support. At ARMO Broker, customer support can be reached via phone and email.

Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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