Deriv minimum deposit requirement for SA traders

@segun_33 - 1 year ago

Deriv minimum deposit is $5 for some payment methods and $10 for others, so it depends on which payment method you are using.

For local South African payment methods like OZOW, the deriv minimum deposit is $10 and for EFT the minimum is also $10.

If you want to fund your deriv account directly using crypto, there is no minimum deposit.

Deriv minimum deposit is $5 but if you are planning to trade synthetic indices you should fund your account with more than $5 because sudden price spikes are not uncommon when trading synthetics; they happen around every 10 to 20 minutes and if you are not sufficiently capitalized you can be stopped out.

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@weilo_daniel - 1 year ago

Quoted - segun_33

Deriv minimum deposit is $5 but if you are planning to trade synthetic indices you should fund your account with more than $5 because sudden price spikes are not uncommon when trading synthetics; they happen around every 10 to 20 minutes and if you are not sufficiently capitalized you can be stopped out.

Deriv minimum deposit in ZAR is 95 ZAR but some deposit methods require up to 190 ZAR minimum deposit.

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@jay_malema - 1 year ago

Deriv minimum deposit is $5 for some payment methods and $10 for others, so it depends on which payment method you are using.

For local South African payment methods like OZOW, the deriv minimum deposit is $10 and for EFT the minimum is also $10.

If you want to fund your deriv account directly using crypto, there is no minimum deposit.

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@skyfall - 1 year ago

Quoted - segun_33

Deriv minimum deposit is $5 but if you are planning to trade synthetic indices you should fund your account with more than $5 because sudden price spikes are not uncommon when trading synthetics; they happen around every 10 to 20 minutes and if you are not sufficiently capitalized you can be stopped out.

@segun please which forex brokers have $1 minimum deposit in South Africa?

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