Minimum Deposit Guide

logomark Anthony Gallagher calendar Last Updated: December 2021 timer 5 min read

If you are trading with already, then you have probably read our review.

This is a broad and very useful look at every aspect of the broker and what they make available to you as a trader.

In this piece, we will take a more focused look at specific areas within the offering of the broker.

Specifically, we will be looking into the funding methods made available, and the minimum deposit that applies to both the deposit method and account type you are using.

Table of contents

What is the Minimum Deposit?

The minimum deposit is $250 for every payment methods and account type. South African traders can also deposit in their local currency. The minimum deposit for South African traders is 2500 ZAR Rands. There are no additional fees applied on deposits and withdrawals. Features
Minimum Deposit $250
Deposit Fees No
Withdrawal Fees No
Base Currencies EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, SEK

Retail Account

The retail account is the standard account type that the broker offers to traders. Within this account type, the minimum deposit with is 250 USD/EUR/GBP, or 2500 ZAR.

It is important to note that this, and other account types can also be converted into Islamic accounts on request where required. For more options and to make a comparison, you can also check our forex broker with low minimum deposit and best swap-free forex brokers guides.

MarketsX Account

The MarketsX Account is more of a VIP account from the broker and features more competitive spreads, an extensive range of educational materials, free withdrawals, and some other perks.

The minimum deposit here is $250 and again this account is eligible to become an Islamic account if you so require it to be. website marketsx

Professional Traders

As a professional trader, there is a pro account available to you right away as long as you meet the minimum requirements which are set out in part by the regulators.

You can qualify if you meet two of the three following requirements:

  • You must have at least 4 months of CFDs trading experience. (This can be prior to joining
  • Your portfolio, including cash deposits, must exceed 500,000 EUR.
  • You must possess work experience, typically more than a year to be safe, from within the finance field with knowledge of leverage trading.

If you do satisfy two or more of these requirements, then you can look forward to increased leverage of as much as 1:300, lower spreads and trading costs, protection to a certain degree against new ESMA regulations, and more available trading instruments. Account Base Currency

The account base currency is the currency with which you can trade on your account. Typically most major currencies like the USD and EUR are widely available across all brokers. Some of the major forex brokers in the industry can also facilitate trading with a larger number of base currencies.

This is the case with the base currency. Every major currency is available as a base. This includes the ZAR from South Africa which is available under every regulatory body that the broker operates. Funding Methods

Funding your account with any broker is one of the first steps on the journey. In many cases, this can also come with some requirements. With that in mind, let’s take time to investigate the funding methods available in more detail at

Wire transfer

This is one of the most common and widely available deposit methods. Wire transfers are also available to traders from around the world from all banks including a local bank transfer option from some countries.

The processing time for this funding method is usually around 1-2 business days and the minimum deposit for wire transfer is the same for all jurisfictions: 250 USD/EUR/GBP or 2500 ZAR.

Credit/Debit Card

Again, this is one of the most popular deposit methods available and it is open to traders from all around the world on a 24-hour basis whenever you feel the need to make a deposit.

The card funding methods available include Visa, MasterCard, and Maestro and the effective minimum deposit of 250 USD/EUR/GBP applies here.

Skrill and Neteller

eWallet deposit methods are growing in popularity with all the best forex brokers and is no exception. Unfortunately, these choices are not open to UK traders, they are however available to others.

The minimum deposit through these methods is 250 USD/EUR/GBP or 2500ZAR. This is effective for both Skrill and Neteller.


Paypal deposits are also available and widely utilized, so much so, that we have created a top 10 with the best PayPal brokers. They are available only within Europe though, and the minimum deposit amount of 250 USD/EUR/GBP again.

List of the available payment methods supported by

Other Methods

As you would expect from a top forex broker, other methods of funding may be available depending on your location. This includes services like iDeal and SoFort which are both available but within Europe only, and with a minimum deposit of 250 EUR/USD/GBP.

Deposit Bonus

Due to the ESMA regulations that we just mentioned, unfortunately, no bonus is offered to traders under these regulations in an effort by the broker to be well-respected and highly compliant.

If for any reason you don’t like the bonuses offering and would like to consider an alternative to the broker, here’s a list of brokers with bonuses in place.

First Deposit Bonus

There are some bonus amounts available in other territories though. This includes in South Africa under FSCA regulation where you can get a bonus of up to 35% on your first deposit of at least $100.

If you want to find more about this topic, we managed to create a forex brokers bonus promotions top ten.

Welcome No Deposit Bonus

The old welcome bonus which was previously available with no deposit at all is unfortunately no longer available. This no deposit bonus used to be available as a $25 bonus in the past. Minimum Deposit vs Other Brokers


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 FXTM
Min. Deposit $250 $100 $10 or $200*;
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal Yes No Yes
Number of deposit methods 8 8 13

*From $10 standard accounts. From $200 for ECN accounts. Minimum Deposit FAQs

What is the minimum deposit for

The minimum deposit is 250 USD/EUR/GBP or 2500 ZAR. This minimum deposit applies regardless of the account type you choose and your country of residence.

Does charge deposit commissions? does not charge deposit fees.

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79% of retail investor accounts lose money

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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