The online brokerage firm easyMarkets requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with easyMarkets is $0, which can be deposited via various methods, including wire transfer, debit card, credit card and ewallets. It should be noted that the minimum deposit with easyMarkets may vary depending on the type of trading account chosen.
easyMarkets generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the easyMarkets minimum deposit?
The minimum deposit at easyMarkets is $25 for standard accounts, but the amount goes up to $2,000 for premium accounts while if you decide to open a VIP account then it rises dramatically to $10,000.
You can use your preferred deposit method with easyMarkets and select the one that suits you best.
Also, you have a wide range of base currencies available so you can avoid any additional fees.
The easyMarkets deposit features are listed in this table below:
| EASYMARKETS DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| easyMarkets MT4 account | $0 minimum deposit |
| easyMarkets MT5 account | $25 minimum deposit |
| easyMarkets premium account | $25 minimum deposit |
| easyMarkets VIP account | $10,000 minimum deposit |
| Deposit fees | No |
| Withdrawal Fees | No |
| Base Currencies | EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, BTC, NZD, MXN, HKD |
75% of retail CFD accounts lose money
Before opening a real account you can deepen your knowledge with our guide on the easyMarkets account types.
What are the easyMarkets account base currencies?
easyMarkets supports up to 19 different currencies. The easyMarkets account currencies are listed below:
- EUR
- USD
- AUD
- NOK
- CAD
- SGD
- PLN
- SEK
- CZK
- CHF
- TRY
- ZAR
- JPY
- GBP
- CNY
- BTC
- NZD
- MXN
- HKD
This huge list of supported base currencies helps you as a trader to avoid conversion fees when depositing or making withdrawals on easyMarkets.
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.
What are the easyMarkets funding and deposit methods?
The easyMarkets deposit methods features and fees are listed below.
- Wire 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.
- Credit/Debit cards: 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: here both Skrill and Neteller are available. Typically, the processing period is almost instant. Other payment methods in this regard are Fasapay and Webmoney.
- Other methods: 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.
What are the 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.
What are the steps to fund your easyMarkets account?
The steps to fund your easyMarkets account are listed below:
- Create a easyMarkets account:
If you are a beginner, the best thing you can do is to open a demo account for free to start trading. easyMarkets 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 continue building your knowledge of forex trading, you can then proceed to open a live trading account.
- Verify the easyMarkets account:
Once you decide to open a live trading account, easyMarkets will require you to verify your identity. The verification process is called the “KYC”, and is required by international laws.
easyMarkets will require you to provide a proof of address and a proof of identity. The verification process usually requires a couple of business days to be validated.
- Fund your easyMarkets account:
After verifying your account, easyMarkets will allow you to make your first deposit. After funding your account, you can start trading.
How does the easyMarkets minimum deposit compare with other major brokers?
The comparison between easyMarkets’s minimum deposit and those of other brokers can be found in this table below:
| FEATURES | EASYMARKETS | PEPPERSTONE | ETORO |
|---|---|---|---|
| Minimum deposit | $0 | $0 ($200 recommended) | $50 |
| Wire transfer | Yes | Yes | Yes |
| Credit card | Yes | Yes | Yes |
| PayPal | No | No | Yes |
| Number of deposit methods | 16 | 9 | 10 |
| Base Currencies | EUR, USD, AUD, NOK, CAD, SGD, PLN, SEK, CZK, CHF, TRY, ZAR, JPY, GBP, CNY, BTC, NZD, MXN, HKD | USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, CHF HKD | USD |
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.