iFourX
Basic Information
Pros and Cons
Pros
- Multiple deposit methods available
- Free bank transfer deposits
- Instant processing for card deposits
- Minimum deposit starting at $100
Cons
- Deposit fees for card payments
- Withdrawal fees may apply
- Limited withdrawal processing options
- No cryptocurrency deposits supported
iFourX Minimum Deposit
What Is Minimum Deposit of iFourX?
The minimum deposit of iFourX is the lowest amount required to activate a live trading account. For iFourX, this amount typically ranges from $100 to $10,000 depending on the account type, such as Platinum, ECN, or VIP. Beginners may find lower deposit options available, while professional traders might need to meet higher thresholds. Local regulations could also affect the minimum deposit requirements.
Does iFourX Provide Deposit Bonus?
iFourX does not clearly advertise any deposit bonuses on its website. However, potential bonuses may vary by account type, region, or promotional periods, and it is advisable to check their official promotions page or contact customer support for the most current information. Always review the specific conditions attached to any bonuses, such as minimum trading volume or withdrawal limits.
Deposit and Withdrawal Methods
iFourX Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD, EUR | Free | 1-3 business days |
| MasterCard | USD | 5% of deposited amount | Instant |
| VISA | EUR | Free | Instant |
Does iFourX Charge Deposit Fees?
iFourX does charge deposit fees for certain payment methods. Specifically, MasterCard and VISA incur a fee of 5% of the deposited amount. All other deposit methods, like bank transfers, are free of charge. Overall, the fee structure is somewhat transparent but may deter some users.
Does iFourX Support Cryptos to Deposit?
iFourX does not support cryptocurrency deposits. Only fiat currency deposits are accepted; cryptocurrencies are not accepted. Traditional payment methods remain the primary means of funding accounts, which may limit options for crypto users.
How to Deposit from iFourX?
1. Log into Your iFourX Account: Begin by navigating to the iFourX website and enter your login credentials to access your trading account. Once logged in, you will be directed to your account dashboard where you can manage your funds.
2. Navigate to the Deposit Section: Locate the ‘Deposit’ or ‘Funds’ option on your account dashboard. This option is typically found in the main menu or within your account settings. Click on it to proceed to the deposit methods available.
3. Select Your Preferred Deposit Method: Choose a deposit method that suits you best from the available options, which may include Bank Transfer, MasterCard, or VISA. Be aware of the associated fees, especially for card payments.
4. Enter the Deposit Amount: Input the amount you wish to deposit into your iFourX trading account. Remember that the minimum deposit is $100. Ensure that you double-check the amount before moving on to the next step.
5. Review and Confirm the Deposit Details: Review the deposit method, amount, and any applicable fees displayed on the screen. Confirm that all details are correct. If everything looks good, proceed to confirm the deposit.
6. Complete the Transaction: Follow any additional prompts to finalize the deposit. Once completed, you will receive a confirmation message on the screen. Depending on the method selected, the funds may be available immediately or within a few business days based on the processing times associated with your chosen deposit method.
How to Withdraw from iFourX?
Withdrawal Steps
1. Log into your iFourX account: Begin by navigating to the iFourX website and enter your login credentials to access your trading account. Once logged in, you will be directed to your account dashboard where you can manage your funds.
2. Navigate to the Withdrawal Section: Locate the ‘Withdraw’ option on your account dashboard. This option is typically found in the main menu or within your account settings. Click on it to proceed to the withdrawal methods available.
3. Choose Withdrawal Method: Select your preferred withdrawal method from the available options, which may include Bank Transfer or card payments. Be aware of any associated fees for card withdrawals.
4. Enter Required Details: Input the necessary information for the selected withdrawal method, such as account number, IBAN for bank transfers, or card details.
5. Set Amount: Specify the amount you wish to withdraw, ensuring that you are aware of any minimum or maximum withdrawal limits and any applicable fees.
6. Review and Submit the Request: Check all the details for accuracy, including the withdrawal method, amount, and any fees. If everything looks good, proceed to submit the withdrawal request.
7. Await Verification: Depending on the amount and the withdrawal method, you may need to wait for verification, especially for larger sums.
8. Track Status and Receive Funds: Monitor the status of your withdrawal request. Funds transferred via e-wallets may be available instantly or within 24 hours, while bank transfers may take 1 to 5 business days.
Withdrawal Limit and Problems
Withdrawal limits can vary based on the method used and the account tier held with iFourX. Daily, monthly, and per-transaction limits may apply, so it is advisable to check these before initiating a withdrawal. Common issues encountered during the withdrawal process include pending verification, incorrect details provided, exceeding withdrawal limits, and delays due to maintenance. To avoid these issues, it is recommended to complete the KYC process, verify all recipient information before submission, and contact customer support if any problems arise. Staying informed and organized can help ensure a smooth withdrawal experience with iFourX.
Frequently Asked Questions
A1: The minimum deposit required to activate a live trading account with iFourX is $100. This amount can vary depending on the type of account you choose, such as Platinum, ECN, or VIP. Beginners may find lower deposit options, while professional traders might be required to meet higher thresholds.
A2: iFourX offers several deposit methods including Bank Transfer, MasterCard, and VISA. Bank transfers are free of charge, while deposits made through MasterCard and VISA incur a fee of 5% of the deposited amount. It’s important to choose a method that suits your needs and to be aware of any associated fees.
A3: For withdrawals, iFourX supports methods such as Bank Transfer and card payments. The processing times can vary based on the method chosen; for example, bank transfers may take 1 to 5 business days, while e-wallets can provide faster access to funds. Users should also check for any applicable fees.
A4: Yes, iFourX provides a demo account option for users. This allows potential traders to practice and familiarize themselves with the trading platform and services offered without risking real money. It’s a useful feature for both beginners and experienced traders looking to test strategies in a risk-free environment.
A5: No, iFourX does not support cryptocurrency deposits. The broker only accepts fiat currency deposits, which may limit options for users interested in funding their accounts with cryptocurrencies. Traditional payment methods such as bank transfers and card payments are the primary means of funding accounts.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.