EasyMarkets Minimum Deposit Guide

logomark Anthony Gallagher calendar Last Updated: November 2021 timer 5 min read
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If you are already trading with EasyMarkets, the chances are that you must have already read our EasyMarkets Review. The review encompasses all that you need to know as a trader that is using EasyMarkets – from the trading platform, account types, regulations, supported currencies, and everything in between.

However, this guide will focus more on specific areas and features of EasyMarkets. We will take a look at funding methods, minimum deposit, how to deposit and withdraw your earnings, and much more.

Let’s get started!

Table of contents

What is the EasyMarkets Minimum Deposit?

The minimum deposit required at EasyMarkets is $25. This amount applies to every account on the platform, including the VIP account, MT4, and Standard account types. Moreover, EasyMarkets does not charge additional fees to the deposit, and the wide choice of base currencies is good to avoid conversion fees.

EasyMarkets Features
Minimum Deposit $25
Deposit Fees No
Withdrawal Fees No
Base Currencies USD, CAD, CHF, AUD, JPY, EUR, GBP. and more

How to deposit funds into your EasyMarkets account: Steps to follow

The process of depositing funds into your trading account is simple and straightforward. If you are a beginner, the best thing you can do is to open a demo account for free to start trading. This online broker offers an unlimited Forex Demo Account. You can also check out our top 10 if you’re interested in opening a forex trading demo account with another top broker.

Once you have gotten to know the process and continued building your knowledge of forex trading, you can then proceed to open a live trading account.

After opening a live account, you will need to verify your account and make your first deposit. After funding your account, you can start trading.

EasyMarkets Funding Methods (+ Withdrawals)

EasyMarkets supports a wide variety of deposit and withdrawal methods. Here is a lowdown on all of the methods that are made available to you:

EasyMarkets supports wire transfer, including local bank transfers. If you use a wire transfer to make a deposit or withdrawal, the transaction should be completed within one or two business days. This will depend on your bank policy and you should check any fees that they may charge for a wire transfer.

EasyMarkets also supports the use of credit/debit cards to make deposits or withdrawals. Some of the accepted credit/debit card brands include MasterCard, Visa, JCB, Maestro, and AMEX, as well as AstroPay. Online banking is also available as a deposit and withdrawal option for forex traders. The processing period for online banking is within one or two business days.

eWallets payment methods are constantly growing in popularity, and EasyMarkets also offers access to these. Depositing or withdrawing funds is very easy with Skrill and Neteller. Typically, the processing period is almost instant. Other payment methods in this regard are Fasapay and Webmoney.

EasyMarkets supports other payment methods like Giropay, Sofort, iDeal, BPay, Malay local bank transfer, and WeChat Pay in China. These payment methods typically take up to 24 hours.

EasyMarkets Deposit Fees

EasyMarkets doesn’t charge traders for funding their trading account. However, a conversion fee may apply if your local currency doesn’t match the supported base currency.

EasyMarkets Withdrawals

Withdrawing your profits is a breeze with EasyMarkets, as they do not charge a withdrawal fee. To withdraw your earnings, you first need to submit a withdrawal request.

The request will be processed within two business days from the date of submission. Please note that the name on the receiving account must match the name of the trading account.

List of all the payment methods available with Easymarkets

EasyMarkets account base currencies

Base currencies are important in trading financial instruments because you won’t incur currency conversion costs when converting from your local currency to the accepted currencies allowed on a trading platform. EasyMarkets supports up to 18 different currencies, including the following:

Symbol Name
USD United States Dollar
CAD Canadian Dollar
CHF Swiss Franc
AUD Australian Dollar
JPY Japanese Yen
EUR Japanese Yen
GBP Great British Pound
NOK Norwegian Krone
PLN Polish Zloty
SEK Swedish Krona
CZK Czech Koruna
HKD Hong Kong Dollar
CNY Chinese Yuan
SGD Singapore Dollar
MXN Mexican Peso
NZD New Zealand Dollar
TRY Turkish Lira
ZAR South Africa Rand

This huge list of supported base currencies helps you as a trader to avoid conversion fees when depositing or making withdrawals on EasyMarkets.

EasyMarkets Minimum Deposit vs Other Brokers

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

Feature EasyMarkets Pepperstone eToro
Min. deposit $25 $0 ($200 recommended) $200
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal No Yes Yes
Number of dep. methods 19 9 10
Account currencies USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF, HKD, ZAR, TRY, MXN, CNY, CZK, SEK, PLN, NOK USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF HKD USD

EasyMarkets Minimum Deposit Pros and cons

Here are a few of the points we have noted that EasyMarkets performs well on when it comes to their funding and minimum deposit, and some which could be improved.

Pros

  • Multiple Assets To Choose: 18 supported currnecies to pick from.
  • Low Minimum Deposit: Starting with as low as 25 USD.
  • Fast Transactions: All deposits/withdrawals are proceed almost immediately, and at times instantly.
  • No Hidden Fees: There are no hidden/additional fees for deposit/withdrawals.

Cons

  • Only Basic Account: With EasyMarkets, there is only basic account available to use.
  • PayPal Not Supported: With many options available here, one noticable miss is PayPal.

Final Thoughts

EasyMarkets is one of the best online brokers to trade forex with. They support more than 18 base currencies and doesn’t charge any deposit fee. Therefore, starting with this broker is one that can be easy with as low as $25.

Still unsure whether to trade with EasyMarkets? Then have a look at EasyMarkets Review for a more comprehensive understanding of the product and services of the broker.

EasyMarkets Minimum Deposit FAQs

Is EasyMarkets free?

No, EasyMarkets requires a minimum deposit from the trader in order to open a Live Account. However, no additional payment processing fees are charged.

What is the minimum deposit for EasyMarkets?

The EasyMarkets minimum deposit is $25 for any account type, which is a very low minimum deposit, especially for beginners.


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About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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