Markets.com Minimum Deposit: Key Information & Guide (2023)
Markets.com requires a minimum deposit of $100 in order to open an account with the broker.
Markets.com provides a large number of account base currencies and does not charge any deposit or withdrawal fees.
Keep reading all the info about Markets.com minimum deposit.
Round-Up
| Features | Markets.com Minimum Deposit |
|---|---|
| Markets.com Standard Account | $100 |
| Markets.com Professional Account | $100 |
| Markets.com Spread Betting Account | £100 |
| Markets.com Islamic Account | $100 |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, SEK |
Visit Markets.com (79,90% of retail CFD accounts lose money)
In case you want to investigate further on the account types offered, read our Markets.com account types guide.
Markets.com Account Base Currency
The account base currency is the currency with which you can trade on your account. Typically most major currencies like the USD and EUR are widely available across all brokers. Some of the major forex brokers in the industry can also facilitate trading with a larger number of base currencies, just like Markets.com do.
Here’s the Markets.com account base currencies:
- EUR
- GBP
- USD
- AUD
- ZAR
- CHF
- DKK
- NOK
- PLN
- SEK
If you use a non-base currency, you will find a conversion fee.
Markets.com Funding Methods
Funding your account with any broker is one of the first steps on the journey. In many cases, this can also come with some requirements. With that in mind, let’s take time to investigate the funding methods available in more detail at Markets.com.
For both deposits and withdrawals there is no fee, although for wire transfers your bank may charge you a fee, so check with them.
Wire transfer
This is one of the most common and widely available deposit methods. Wire transfers are also available to Markets.com traders from around the world from all banks including a local bank transfer option from some countries.
The processing time for this funding method is usually around 1-2 business days and the minimum deposit for wire transfer is the same for all jurisdictions: 100 €/$/£.
Credit/Debit Card
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 100 €/$/£ applies here.
Skrill and Neteller
eWallet deposit methods are growing in popularity with all the best forex brokers and Markets.com is no exception. Unfortunately, these choices are not open to UK traders, they are however available to others.
The minimum Markets.com deposit through these methods is 100 €/$/£. This is effective for both Skrill and Neteller.
Paypal
Paypal deposits are also available and widely utilized.
They are available only within Europe though, and the minimum deposit amount of 100 €/$/£ again.
Other Methods
As you would expect from a top forex broker, other methods of funding may be available depending on your location. This includes services like iDeal and SoFort which are both available but within Europe only, and with a minimum deposit of 100 €/$/£.
How to deposit into your Markets.com account
Below are highlighted all the steps you need to make in order to start trading:
- 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.
- 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.
- 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.
- 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.
Markets.com 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.
| 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 |
Deposit Bonus
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.
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