Last Updated on April 24, 2020 by Patrick Mahinge
Easy Forex is one of the most recommended forex brokerage firms in Kenya. Opening an account with them is easy, and you can start practicing how to trade forex by opening a demo account. However, after some time, you may feel that the time has come to start trading with real money.
Luckily Easy Forex is one of the best brokers that accept Mpesa as a means to fund your account. So, how do you deposit money into your Easy Forex account?
Easy Forex: Account Types
Easy Forex provides forex traders with 4 types of accounts to choose from depending on the minimum amount of deposit that you have, the lot sizes you wish to trade and the level of desired margin level.
The four account types offered are:
- Mini Account– Requires $25 to open.
- Gold Account– Minimum deposit is $500
- Platinum– Minimum deposit is $5,000
- VIP– Minimum deposit is $10,000
Funding Your Easy Forex Account
Your trading account needs to be funded before you can start trading. Doing so is easy and takes less than 5 minutes.
You can fund your account from your debit (ATM) card, Credit Card, Direct Bank Transfer or using one of the accepted E-wallets.
Credit cards have become the most convenient way for traders to deposit money into their Easy Forex accounts. The payment method is secure and takes only a few minutes. Simply type your credit card details on the deposit form, and hit ‘Deposit”.
However, you need to note that most forex brokers insist that you can only withdraw funds from the same source that you used to deposit funds. Don’t use your friends Skrill account if you do not wish to withdraw your profits from the same account.