EasyMarkets Minimum Deposit: Key Information & Guide (2023)

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.

Let’s go over everything in detail with this article.

Round-up

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Before opening a real account you can deepen your knowledge with our guide on the easyMarkets account types.

easyMarkets account base currencies

EasyMarkets supports up to 19 different currencies:

• 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.

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 transfers, 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.

How to deposit funds into your easyMarkets account: steps to follow

The process of depositing funds into your trading account is simple and straightforward.

1. 1. 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.
   2. 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.
   3. 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 minimum deposit vs other brokers

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.

Final thoughts

EasyMarkets is one of the best online brokers to trade forex with. They support more than 19 base currencies and don’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.