MEXEM Minimum Deposit

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Are you looking to open an account at MEXEM, but have limited funds to invest? Wondering whether MEXEM requires a minimum deposit to start trading?

Look no further for the ultimate guide on depositing at MEXEM, we got you covered. The good news is that MEXEM has no minimum deposit requirement, so you can easily start trading with as little money as you wish.

All you need to know about depositing money to your MEXEM account as of April 2024

All you need to know about depositing money to your [Broker name] account as of [month year of last update]

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

Learn about our methodology

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

Together with my brokerage analyst colleagues, I have thoroughly tested the services of MEXEM by opening a real-money account. Here's what you need to know about depositing, if you want to start investing with MEXEM:

• The minimum deposit at MEXEM is $0

• There are multiple base currencies available

• You can deposit your funds via Bank transfer and no deposit fee applies

• Depositing money is an easy process

• Explore the services of MEXEM in our comprehensive MEXEM Review for 2024 and use our Compare Broker tool for finding the best alternatives

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Once you have decided to open an account at MEXEM and completed both the registration and verification process, you need to fund your account to begin trading.

At MEXEM, the minimum deposit is $0. This means that you can deposit as little money as you wish.

Brokers that don't require a minimum deposit do so to encourage people to try their services without requiring a large initial commitment. You can compare alternative brokers here.

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.  All you have to keep in mind are applicable withdrawal fees and withdrawal time. 

At MEXEM there are no withdrawal fees and it usually takes 2 days to receive your funds. Although keep in mind that sometimes withdrawal might take a bit longer.

At MEXEM, the following base currencies are available: AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, INR, ILS, JPY, KRW, MXN, NOK, NZD, PLN, RUB, SEK, SGD, USD, ZAR. Try to deposit money to your brokerage account in your account's base currency. 

Why does this matter? If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account's base currency, you won't have to pay a conversion fee. Conversion fees apply if your bank account or card is denominated in a different currency than the base currency of your brokerage account you're funding.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank.

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

MEXEM charges no deposit fees for bank transfers. 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.

There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.

Imagine you are closely monitoring financial markets and have a strong belief that they will suddenly experience a significant downturn. In this scenario, you decide to open a trading account to react quickly to the news. You have to keep in mind that certain deposit methods, such as instant debit or credit card transfers, are more suitable for these urgent situations. Opting for these faster methods can ensure that you have immediate access to funds and can capitalize on market movements swiftly and effectively.

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Making the initial deposit to your brokerage account may seem as a difficult task, but it's rather easy. Just follow our step-by-step guide for depositing money and shortly you'll be ready to start trading:

• Log in to MEXEM'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

If you get stuck during the process, you can always reach out to MEXEM's customer support. At MEXEM, customer support can be reached via phone and email. Alternatively, you can drop a message on our Forum.

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For comprehensive insights into trading conditions, costs, and overall service quality at MEXEM, turn to BrokerChooser's in-depth MEXEM Review for 2024. Our analysis is based on nearly 600 individual data points and first-hand experience. We analyze brokers by opening a real-money account and executing trades on their platforms, which helps us understand and evaluate the full spectrum of their services.

If you want to explore the best alternatives for MEXEM, head over to our Compare Broker tool where you can compare brokers by filtering for certain deposit criteria.