How Much is RCG Markets Minimum Deposit?

Although RCG Markets minimum deposit is R50, you need to have a certain account balance before they allow you to trade. they don't state this on their website.

Currency Pairs - R150

exotics and majors may require more

Micro indices & commodities - R300

Normal indices & Commodities - R600

RCG Markets has a flat minimum deposit of 50 Rand across all their account types.

Both the account types with bonus and the ones without bonus, have the same minimum deposit of 50 Rand.

But there is a catch; the RCG accounts without bonus have higher leverage up to 1:2000 while the accounts with bonus have lower leverage pegged at 1:500 maximum.

See more here https://www.rcgmarkets.com/trading/accounttype

This broker offers high deposit bonuses which is kind of weird. A 100 to 200% bonus on deposits? You should not open an account because you want a bonus. Most of the times, you may not even be able to access the bonus.

I went to RCG Markets legal section and tried to open the bonus terms and conditions and its refusing to open so tread with caution as this broker has too little information on their website.

RCG Markets minimum funding is 50 ZAR, and they also partner with a prop firm to provide traders with funding up to 20 million ZAR.

RCG minimum deposit is around $2 USD if you are depositing in Rand then you can fund with at least R 50. This indigenous South African forex broker appeals to lots of new forex traders because of the low minimum deposit.

Although I have not traded with them I can see that their spreads are a bit high (from 1 pip).

Please do they have a minimum withdrawal? and do they request for bank statement before they approve withdrawal?