In order to provide a first class service to all clients that are with us we have implemented a minimum initial deposit of 500 USD/EUR/GBP or 50k JPY. Please be aware that this only affects initial deposits and these restrictions do not apply to redeposits or accounts that have been funded in the past.
We will cover deposit fees (except for NETELLER or in cases of insufficient trading); however we reserve the right to pass on the transaction cost to clients that make a deposit that is less than the minimum advertised. For the avoidance of any confusion this applies also to redeposits.
There is no maximum deposit by bank wire, however to help us continue to cover the deposit costs of Skrill and credit/debit cards, and also the withdrawal costs of NETELLER we have introduced monthly maximum deposits of 30k USD/EUR/GBP or 3m JPY per client by these methods. Should a client exceed that limit we reserve the right to either decline the transaction or deduct the transaction cost from any amount that is in excess of the limit.
In order to maintain a fast and efficient withdrawal process for all clients we will only send profits back to clients by bank wire transfer. Withdrawals of amounts up to what has been deposited will always be sent back through the same method that was used to deposit funds.
In the case of NETELLER deposits we pass on the fee that NETELLER charge us to receive funds. This is calculated as follows: 3.90% of deposit amount ($1 minimum or currency equivalent minimum) + $0.29 or currency equivalent + 0.50% country factor fee (the country factor fee only applies for clients that reside in India, Brazil, Japan or Argentina).
In cases where clients do not trade or trade insufficient volume XGLOBAL Markets may at its discretion reverse, either fully or partially, the deposit fee that has previously been covered, at the time a full withdrawal is processed.
Insufficient trading volume is either no volume at all or volume that is disproportionate when compared to the deposit amount. This is defined as any level of trading which, in nominal terms, is less than three hundred (300) times the amount deposited. So, for example, if a client deposited 1000 USD through Skrill (thus XGLOBAL Markets covered around 25 USD) and traded a round-trip volume below 300,000 USD in notional, the Company reserves the right to reverse the 25 USD that it previously covered, at the time a full withdrawal of funds is requested.