Trade Nation Minimum Deposit Summary | |
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Trade Nation Minimum Deposit | 0 ZAR |
Deposit Methods | Bank transfers, cards, E-wallets (Skrill, AstroPay) |
Account Types | Cloud Trade Account, MT4 Account |
Deposit Fees | No Fees. |
Account Base Currencies | ZAR, USD, EUR, GBP, NOK, and DKK |
Withdrawal Fees | No Fees. |
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Trade Nation’s minimum deposit is 0 ZAR.
This post is a detailed review on the minimum deposit of Trade Nation, we have summarised key points that are required to trade on the forex brokers platform. From the minimum deposit amount, to the available payment methods for deposits and withdrawals, deposits processing time, fees charged and guide on how to add funds to Trade Nation.
What is the minimum deposit on Trade Nation?
There is no minimum deposit requirement on Trade Nation in South Africa, you can deposit any amount that you want, as long as it is sufficient to cover the trade you want to place. This applies to all the payment methods. However, your bank, card issuer or payment processor may have a minimum amount you can process with them.
Trade Nation offers 2 account types, the Cloud Trade Account and MT4 Account, and none of them have a mandatory minimum deposit.
Accepted Deposit Methods on Trade Nation South Africa
Trade Nation offers a range of ways to deposit into your trading account:
1) Bank Transfers: Trade Nation accepts deposits via bank transfers. Bank deposits are credited instantly, there is no required fixed minimum deposit by Trade Nation, the broker also charges zero deposit fees for this method.
Trade Nation also supports funds withdrawals to local bank accounts, the minimum withdrawal amount is 50 ZAR, it usually processed in 24 hours and can take up to 5 business days for the funds to reach your bank account. No withdrawal fees are charged.
2) Credit/Debit Cards (Visa, MasterCard): You can use your bank cards to deposit funds to your Trade Nation trading account and the funds will be reflected immediately. No fixed minimum deposit and no fees are charged as well.
Withdrawals can be made to your bank card after you have used it deposit. The minimum withdrawal is 50 ZAR. The internal team process it in 24 hours but it can take up to 5 business days for the funds to reach your card. No fees are charged for withdrawing to your card.
3) E-wallets (Skrill, AstroPay, Neteller): Trade Nation accepts deposits for adding funds to your account. This method has no fixed deposit amount as well, funds are added to your account instantly after initiating the deposit and there are no fees.
Trade Nation allows you to withdraw funds to e-wallets if you have used it for deposit. It can take up to 5 business for you to receive the funds, the minimum amount you can withdraw is 50 ZAR and no withdrawal fees apply.
Trade Nation Deposit Methods Table
Here is a summary of payment methods accepted by Trade Nation for deposits.
Deposit Methods | Availability | Minimum Deposit | Charges | Processing time |
---|---|---|---|---|
Internet banking/bank transfers | Yes | R0 | Free | Instant |
Cards | Yes | R0 | Free | Instant |
E-wallet | Yes (Skrill, AstroPay & Neteller) | R0 | Free | Instant |
Note: CFD trading is risky
Trade Nation Deposit Rules
1. Deposit Fees: Trade Nation does not charge any fees for adding funds to your trading account or removing funds from it. However, note that although the broker does not charge any deposit fee, your bank, card issuer or payment processor may charge an independent fee.
2. Deposit Time: All deposits on Trade Nation are credited instantly and they reflect immediately on your trading account. This applies to all payment methods supported on the platform, which are bank transfer, cards, and e-wallete (Skrill, AstroPay, Neteller)
3. Payment Source: Trade Nation only accepts deposits from payment sources (bank, cards, e-wallets) that belong to you, this means the names on the payment methods must be the same with the name on your trading account. Third party deposits or withdrawals are not supported.
How do I deposit money into my Trade Nation account?
Step 1: Sign in to your Trade Nation dashboard via tradenation.com/login.
Step 2: Click on ‘Payments’ from the menu, then select ‘Deposit’.
Step 3: Choose the deposit method you want to use and supply the needed information.
Step 4: Input the amount you want to deposit to your account and submit.
Comparison Of Trade Nation Minimum Deposit With Other Brokers
Here is a comparison of Trade Nation minimum deposit with that of their competitors.
Broker | Minimum Deposit |
---|---|
Trade Nation | 0 ZAR |
Octa | 480 ZAR |
FBS | 96 ZAR |
Plus500 | 750 ZAR |
HF Markets | 95 ZAR |
AvaTrade | 1,900 ZAR |
Note: CFD trading is risky
Trade Nation Minimum Deposit FAQs
What is the minimum withdrawal from trade nation?
R50 is the minimum amount you can withdraw from Trade Nation in South Africa. This applies to all payment methods and it typically takes about 5 business days for you to receive the funds after submitting a withdrawal request.
How do I withdraw from trade nation?
To withdraw funds from your Trade Nation account, first log in to your dashboard, then click on ‘Payments’, select ‘Withdrawal’, select the trading account you want to withdraw funds from, choose the destination you want to withdraw the money to, enter the amount you want to withdraw then submit the withdrawal request.
What is the minimum deposit for trade nation?
0 ZAR, there is no fixed minimum deposit on Trade Nation in South Africa. The broker allows you to deposit any amount that you want.
How much does trade nation cost?
0 ZAR, Trade Nation does not charge any deposit fee or withdrawal fee when adding or removing money from your trading account. Note that your payment processor may charge their own separate fee.
Is tradenation legit?
Yes, Trade Nation is a legit CFDs and forex broker that is licensed by multiple financial regulators including the Financial Sector Conduct Authority (FSCA) in South Africa.
Does trade nation have an app?
Yes, Trade Nation has a mobile app with its own proprietary trading platform. You can download Trade Nation mobile App from the Google Play Store or Apple App Store.
How long does it take to withdraw from trade nation?
Withdrawal requests are processed within 24 hours on Trade Nation, but it can take up to 5 business days for you to receive the funds, depending on your card issuer, payment processor or bank.
Does trade nation have deposit fees?
No, Trade Nation offers free deposits for all payment methods, this means that the amount of money you deposit is exactly what will be reflected in your trading account.
Note: Your capital is at risk