Arqaam
Basic Information
Pros and Cons
Pros
- Low minimum deposit starting at $5
- No deposit fees
- Multiple deposit methods available
- Instant processing for e-wallet and card deposits
- Free withdrawals for all methods
Cons
- No support for cryptocurrency deposits
- Potential withdrawal limits apply
- Withdrawal processing times may vary
- Verification may delay large withdrawals
- Customer support response times can vary
Arqaam Minimum Deposit
What Is Minimum Deposit of Arqaam?
Arqaam’s minimum deposit is the smallest amount needed to open and activate a live trading account. This amount can differ based on the account type, such as standard, ECN, or Islamic accounts, and may also be influenced by local regulations. Typically, the minimum deposit ranges from $5 to $100. Additionally, beginners may encounter different deposit requirements compared to professional traders.
Does Arqaam Provide Deposit Bonus?
Arqaam may offer deposit bonuses, which can include matching funds for new users or special promotions. These bonuses often manifest as a percentage match on deposits, subject to specific conditions, such as minimum trading volumes and withdrawal limits. However, bonuses can vary by account type, region, or promotional period, so it is advisable to check the official promotions page or contact support for the most current information.
Deposit and Withdrawal Methods
Arqaam Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | USD | Free | 1–3 business days |
| Credit/Debit Card | USD | Free | Instant |
| E-Wallet | USD | Free | Instant |
Does Arqaam Charge Deposit Fees?
Arqaam does not charge deposit fees. All deposit methods are free of charge. This user-friendly policy ensures that traders can fund their accounts without incurring additional costs.
Does Arqaam Support Cryptos to Deposit?
Arqaam does not support cryptocurrency deposits; only fiat currency deposits are accepted. Traditional payment methods remain the primary options for funding accounts, ensuring a straightforward process for users.
How to Deposit from Arqaam?
1. Log into your Arqaam account by entering your username and password on the platform’s login page. Once logged in, navigate to the ‘Deposit’ section in the main menu.
2. Choose your preferred deposit method from the available options, such as bank transfer, credit/debit card, or e-wallet. Click on the chosen method to proceed.
3. Enter the amount you wish to deposit, ensuring it meets the minimum deposit requirement of $5. Review the details to confirm that the amount is correct before moving to the next step.
4. Confirm your deposit details, including the deposit method and amount. Review any terms and conditions associated with the deposit method, such as minimum trading volumes for bonuses, if applicable.
5. Complete the transaction by clicking on the ‘Submit’ or ‘Confirm’ button. If using a bank transfer, follow any additional on-screen instructions provided.
6. After submission, you will receive a confirmation message indicating that your deposit request has been processed. Depending on the method chosen, the funds will be available in your account either instantly or within the specified processing time.
How to Withdraw from Arqaam?
Withdrawal Steps
1. Log into your Arqaam account by entering your username and password on the platform’s login page. Once logged in, navigate to the ‘Fund’ or ‘Wallet’ section and select ‘Withdraw’.
2. Choose your preferred withdrawal method from the available options, which include bank transfer, credit/debit card, or e-wallet.
3. Enter the required details for your chosen withdrawal method, such as your account number, IBAN, wallet address, or card digits.
4. Set the amount you wish to withdraw, noting any minimum or maximum limits that may apply.
5. Review the withdrawal request to ensure all details are correct and submit the request.
6. Await possible verification, especially if you are withdrawing a large sum, as this may take additional time.
7. Track the status of your withdrawal; e-wallet withdrawals are typically processed instantly to within 24 hours, while bank transfers may take between 1 to 5 business days.
Withdrawal Limit and Problems
Arqaam may impose withdrawal limits that vary by method and account type, including daily and monthly limits as well as per-transaction limits. Common issues that users may encounter include pending verification for larger withdrawals, incorrect details entered during the process, exceeding withdrawal limits, or delays due to maintenance. To avoid problems, it is advisable to complete the Know Your Customer (KYC) process, double-check recipient information before submitting a request, and reach out to Arqaam’s support team if any issues arise.
Frequently Asked Questions
A1: The minimum deposit required to open a live trading account with Arqaam is $5. This amount may vary depending on the account type, such as standard, ECN, or Islamic accounts, and could also be influenced by local regulations.
A2: Arqaam supports various deposit methods, including bank transfers, credit/debit cards, and e-wallets. All deposit methods are free of charge, allowing users to fund their accounts without incurring additional costs.
A3: Withdrawals from Arqaam can be made using bank transfers, credit/debit cards, or e-wallets. Processing times may vary, with e-wallet withdrawals typically processed instantly, while bank transfers may take 1 to 5 business days.
A4: Arqaam does not charge any fees for deposits, and all deposit methods are free of charge. Withdrawals are also free for all methods; however, users should be aware of potential withdrawal limits and processing times that may apply.
A5: Yes, Arqaam provides demo accounts that allow users to practice trading without any risk. This feature is particularly beneficial for beginners who wish to familiarize themselves with the trading platform and strategies before investing real money.
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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.