Blackwell Global Minimum Deposit

Blackwell Global -Minimum Deposits

 

Blackwell Global Minimum Deposit

 

The Blackwell Global Minimum Deposit is $500.

The minimum deposit amount that Blackwell Global requires is equivalent to ZAR9,175.45 at the current exchange rate between the US Dollar and the South African Rand on the day that this article was written.

Blackwell Global is a broker which is authorized and regulated a strict and demanding regulating entity namely the FMA and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

Blackwell Global’ minimum deposit when opening a live account is a lot higher when compared to other brokers, but it still falls within an average range.

Blackwell Global does not charge any fees with regards to deposits which are made into the trader’s account.

Traders will need to make sure of fees that may be waived by their payment providers in case there are fees that are charged on transactions when depositing funds into the trader’s Blackwell Global account.

 

Blackwell Global offers clients the following ways in which funds can be deposited into the trading account:

  • Credit/Debit Cards
  • Bank Wire Transfer
  • E-wallets such as Neteller and Skrill.

 

Blackwell Global supports the following deposit currencies in which traders can fund their accounts:

  • USD
  • EUR
  • GBP and,
  • CHF

 

Step by step guide to deposit the minimum amount

 

As soon as the trader has registered for a live account with Blackwell Global and the account has been verified and approved, the trader can follow these steps to deposit the minimum amount into the trading account:

  1. The trader can log into their Client Portal and navigate to the area dedicated to depositing funds.
  2. The trader will be asked to select their payment method and after selecting it, they can follow the prompts to deposit the minimum amount of $500.

 

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Transactions over weekends may only be processed on the next business day and some wire transfers can take up to 10 business days before the deposited amount reflects in the trading account.

 

Pros and Cons

 

PROS CONS
1.      Average minimum deposit amount 1.      None noted
2.      No deposit fees
3.      Most reliable payment methods offered
4.      Variety of deposit currencies

 

FAQ

 

What is the minimum deposit for Blackwell Global?

$500.

 

How do I make a deposit and withdrawal with Blackwell Global?

Blackwell Global offers the following popular deposit and withdrawal methods:

  • Credit/Debit Cards
  • Bank Wire Transfer
  • E-wallets such as Neteller and Skrill.

Blackwell Global prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does Blackwell Global charge withdrawal fees?

No.

Traders will have to verify with their banking institution regarding fees waived when withdrawing funds by using Bank Wire Transfer

 

How long does it take to make a withdrawal?

  • Credit Card – Instant or up to 3 days depending on banking institution delays.
  • Bank Wire Transfer – within the same country, bank and local currency is between 1 to 2 days, within the same country, different banks but same currency is within 3 days and transaction between different countries and currencies is 5 days.
  • E-wallets – anything from 24 to 48 hours.

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