If you are trading with Markets.com already, then you have probably read our Markets.com 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 Markets.com minimum deposit that applies to both the deposit method and account type you are using.
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.
This is the case with the Markets.com 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.
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.
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 this type of funding depends on your region. In the UK, the minimum is 250USD/EUR/GBP, but in other worldwide areas, the markets.com minimum deposit is 100 USD/EUR/GBP, or 1000 South African Rand.
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 in the UK and 100 USD/EUR/GBP in other countries again 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 100USD/EUR/GBP or 1000ZAR. This is effective for both Skrill and Neteller.
Paypal deposits are also available and widely utilized. They are available only within Europe though, and the minimum deposit amount of 100 USD/EUR/GBP again applies depending on your account base currency and location.
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 EUR/USD/GBP.
Markets.com Minimum Deposits
After taking a look at the available funding methods and their levels of convenience when it comes to the Markets.com minimum deposit, it is now time to take a closer look at the available account types and again, the minimum deposits you can avail of through these.
The Markets.com retail account is the standard account type that the broker offers to traders. Within this account type, the minimum deposit with Markets.com varies depending on your funding method as mentioned above, but it will be at least 100 USD/EUR/GBP, or 1000 ZAR.
It is important to note that this, and other Markets.com 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 guide.
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 Markets.com deposit here is $250 and again this account is eligible to become an Islamic account if you so require it to be.
As a professional trader, there is a Markets.com 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 Markets.com)
- 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 Markets.com spreads and trading costs, protection to a certain degree against new ESMA regulations, and more available trading instruments.
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.
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 a 35% first deposit bonus on amounts of at least $100 or more.
Within Australian regulation too there is a Markets.com bonus of 20% available on amounts of at least $500 as a first deposit bonus.
Welcome No Deposit Bonus
The old Markets.com welcome bonus which was previously available with no deposit at all is unfortunately no longer available. This Markets.com no deposit bonus used to be available as a $25 bonus in the past.