The online brokerage firm Markets.com 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 Markets.com is $100, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet.
Markets.com 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 Markets.com minimum deposit?
The Markets.com minimum deposit is $100.
Markets.com provides a large number of account base currencies and does not charge any deposit or withdrawal fees.
The Markets.com minimum deposit features are listed in this table below:
| MARKETS.COM DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| Markets.com Standard Account | $100 minimum deposit |
| Markets.com Professional Account | $100 minimum deposit |
| Markets.com Spread Betting Account | £100 minimum deposit |
| Markets.com Islamic Account | $100 minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, SEK |
79,90% of retail CFD accounts lose money
In case you want to investigate further on the account types offered, read our Markets.com account types guide.
What are the Markets.com account base currencies?
The Markets.com account base currencies include USD, EUR, GBP, AUD, ZAR, CHF, DKK, NOK, PLN, SEK.
The account base currency is the currency with which you can trade on your account. If you use a non-base currency, you will find a conversion fee.
What are the Markets.com funding and deposit methods?
The Markets.com deposit methods features and fees are listed below.
- Wire Transfer: This is one of the most common and widely available deposit methods. Wire transfers are also available to Markets.com traders from around the world from all banks including a local bank transfer option from some countries. The processing time for this funding method is usually around 1-2 business days and the minimum deposit for wire transfer is the same for all jurisdictions: 100 €/$/£.
- Credit/Debit Card: This method 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 100 €/$/£ applies here.
- eWallets: eWallets deposits at Markets.com are not available for UK traders. All the other traders can select Paypal, Skrill and Neteller.The minimum Markets.com deposit through these methods is $100.
- Other Methods: other methods of funding may be available depending on your location. This includes services like iDeal and SoFort which are both available but within Europe only, and with a minimum deposit of 100 €/$/£.
What are the steps to fund your Markets.com account?
Below are highlighted all the steps you need to make in order to start trading:
1. Create a Markets.com account:
Go visit the broker’s website (79,90% of retail CFD accounts lose money) and choose which account you should open: a demo account or a live account. The demo is best suited if you’re a beginner. For your info, here’s the best brokers for beginners. The live is best suited for traders who already know their trading strategies.
2. Verify the Markets.com account:
When you’re ready to switch to a live account, you should be ready to provide a copy of a document to prove your identity and a document to prove your residence. In this way you will let Markets.com verify your account.
3. Fund your Markets.com account:
At this point, you will be able to deposit into your account via one of the methods provided by the broker, by choosing your base currency and the amount.
4. Wait for the Markets.com approval:
The time of processing depends on the method selected. You have to wait until the broker accepts your deposit and then you will be free to start trading.
How does the Markets.com minimum deposit compare with other major brokers?
The comparison between Markets.com’s minimum deposit and those of other brokers can be found in this table below:
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.
| FEATURES | MARKETS.COM | FOREX.COM | FXTM |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | $10 |
| Wire Transfer | Yes | Yes | Yes |
| Credit Card | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
| Number of deposit methods | 8 | 8 | 13 |
| Account currencies | EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, SEK | EUR, GBP, USD | USD, EUR, GBP, PLN |
Does Markets.com offer deposit bonuses?
Due to the ESMA regulations that we just mentioned, unfortunately, no Markets.com 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 Markets.com 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 Markets.com 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.