XTB Minimum Deposit Summary
XTB Minimum Deposit 0 ZAR
Deposit Methods Bank transfers, cards, e-wallet (Skrill)
Account Types Standard Account, Swap free Account
Deposit Fees No fees, except for E-wallet 1% - 2% commission per transaction
Account Base Currencies USD
Withdrawal Fees No fees, except for deposit below $50
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XTB minimum deposit is 0 ZAR.

We have researched the minimum deposit requirement of XTB in South Africa, including the available payment methods, deposits and withdrawal processing time, applicable deposit or withdrawal fees step-by-step guide to deposit on the platform and details. Read our review to find out all you need to know about depositing funds with the CFDs and forex broker.

What is the minimum deposit on XTB?

XTB has no mandatory minimum deposit amount, this means that you can deposit any amount you want. This applies to all supported payment methods on the platform. Note that your payment processor, bank or card issuer may have their own required minimum transaction amount.

As per our XTB review, XTB offers only 2 account types, the Standard Account and Swap-free Account. Both account have no minimum deposit requirement.

Accepted Deposit Methods on XTB South Africa

XTB offers a range of ways to deposit into your trading account:

1) Bank Wire Transfers: If you are based in South Africa, you can use your local bank account to transfer funds to your XTB trading account. It can take up to 5 business days for the funds to reflect in your trading account. No mandatory minimum deposit is required for this method. XTB does not charge any fee for depositing through this method.

You can also withdraw funds from your XTB trading account to your local bank account. The recommended minimum deposit is 945 ZAR (US$50). Any withdrawal request that is below 945 ZAR (US$50) may attract withdrawal fees. Withdrawals are processed in 1 business day or same day and can take up to 2 business days for you to receive the funds.

2) Credit/Debit Cards (Visa, MasterCard, Maestro): You can also add funds to your trading account on XTB using cards. Such deposits are credited instantly to your trading account balance, no minimum balance is required and no fees are charged.

XTB currently does not support withdrawals to cards.

3) E-wallets (Neteller, Skrill): E-wallets are supported for depositing funds on XTB. With no mandatory minimum deposit amount, e-wallet deposits are credited instantly. Deposits with Neteller attract a fee of 1% per transaction, and if you are using Skrill, you will pay deposit fee of 2% per transaction.

Currently, you cannot withdraw funds from XTB to e-wallets.

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Note: CFD trading is risky

XTB Deposit Methods Table

Here is a summary of payment methods accepted by XTB for deposits.

Deposit Methods Availability Minimum Deposit Charges Processing time
Internet banking/bank transfers Yes R0 Free Up to 5 business days
Cards Yes R0 Free Instant
E-wallet Yes (Skrill & Neteller) R0 2% for Skrill, 1% for Neteller Instant

XTB Deposit Rules

1. Deposit Fees: XTB offers free deposits, this applies to deposits made via bank transfers and cards. Deposits made via e-wallets on XTB attracts deposit fee of 2% per transaction when using Skrill and 1% per transaction when using Neteller.

Note that although the broker offers free deposits for some methods, the bank, card issuer or payment processor may charge an independent fee.

2. Deposit Time: Deposits made via cards and e-wallets are credited instantly and it immediately appears in your trading account balance. If you deposit via bank transfer, it can take up to 5 business days for the fund to be reflected in your trading account.

3. Payment Source: Third party deposits or withdrawals are not supported on XTB. The name on the bank account, card or e-wallet used for deposit must tally with the name on your trading account.

XTB usually requests that you upload a bank statement for the bank account you want to withdraw funds to, this is to verify your account. It is done only on the first withdrwal.

How do I deposit money into my XTB account?

Step 1: Sign in to your XTB dashboard by visiting co.xtb.com/#/login.

Step 2: Click on the ‘Deposits’ tab and choose the trading account you wish to add funds to.

Step 3: Choose your preferred payment method for the deposit.

Step 4: Enter the amount you want to deposit and proceed to submit to finalise the deposit process.

Comparison Of XTB Minimum Deposit With Other Brokers

Here is a comparison of XTB minimum deposit with that of their competitors.

Broker Minimum Deposit
Octa R480
Plus500 R750
Trade Nation R0
HF Markets R100
FxPro R1,890 (US$100)

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Note: CFD trading is risky

XTB Minimum Deposit FAQs South Africa

Does XTB have a minimum deposit?

No, XTB does not have a fixed minimum deposit amount, you can deposit any amount you want to the trading platform. The payment method you are using to add funds to your XTB account will determine their own required minimum amount you can deposit.

What are the deposit methods available for XTB in South Africa?

Bank transfers, cards, e-wallets (PayPal, Skrill) are the payment methods you can use to add funds to your trading account. The payment method you choose will determine how fast the deposits will be credited to your trading account.

How long do XTB withdrawals take?

1-2 business days is the average time it takes for you to receive funds after initiating a withdrawal from XTB. However, if you submit your withdrawal request before 1 PM, it is processed same day, if you submit after 1 PM, it is processed in the next business day.

Note that you can only withdraw to your local bank account from XTB.

What is the minimum withdrawal from XTB?

R945 ($50) is the minimum amount that is recommended for withdrawal on XTB. You can withdraw less than this amount, but it usually attracts withdrawal fee of R567 ($30).

How much does XTB charge for withdrawal?

R0, although if you withdraw less than the recommended minimum withdrawal amount of R945 ($50), withdrawal fee of R567 ($30) will apply. Your bank may also charge their own separate fee.

Does XTB have deposit fees?

No, XTB does not charge deposit fees if you use local bank transfer or cards to add funds to your account. If you use Skrill or Neteller, you pay deposit fee of 2% and 1% per transaction respectively.

Note that you bank or payment processor may charge independent fees.

What currencies can I use to deposit on XTB

USD and ZAR are the supported currencies you can deposit to your XTB trading account.

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Note: Your capital is at risk

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Your capital is at risk. CFD Product.