Markets.com Minimum Deposit
In this article
Here, we’ll discuss Markets.com’s minimum deposit in detail. Our guide will also provide you with more information about Markets.com deposit fees.
When you start trading with Markets.com, you should collect enough information about how this trading platform works and what payment methods it offers. Being a regulated broker platform, Markets.com is a reliable platform with which both beginners and advanced users can start trading.
What is the Markets.com minimum deposit?
For the South African traders, the requirement for the minimum deposit is 2500 ZAR Rands. No extra fee is applied on the withdrawals and deposits of funds.
|Fees for Withdrawal||None|
|Fees for Deposit||None|
|Account Base Currencies||EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, SEK|
What is the base currency accepted at the Markets.com broker?
Account base currency is the one with which a trader can start trading on a specific broker platform. Two common currencies which are supported by all broker platforms are EUR and USD. Although some different base currencies are equally supported by the platform.
In Markets.com, ZAR from South Africa is the base currency under which the broker can operate its trading functions.
Markets.com payment methods
Markets.com is available with a variety of payment methods for a convenient deposit and withdrawal of funds. Standard methods are credit cards, debit cards, bank wires, Sofort, PayPal, Skrill, Neteller, iDeal, and Fast Bank Transfers.
If we talk about the minimum withdrawal amount, it generally depends on the payment method you choose. A withdrawal limitation can range from $5 to $100.
This broker platform does not charge any withdrawal fee on the traders. But a small third-party fee will be applicable. Processing time is already outlined on the official site, which depends on the payment method you are choosing.
Does the Markets.com broker offer any deposit bonus?
Markets.com offers its clients a generous deposit bonus of up to $3,500. You will be eligible to receive a maximum deposit bonus of 35% when you make a first deposit into your Markets.com trading account.
With time, bonuses are constantly changing, so keep yourself updated with the official site to know more about upcoming bonuses, promotions, or other deals.
Markets.com minimum deposit for different trading account types
Markets.com trading accounts are generally available in three main types, and each one has its minimum deposit requirements. These trading accounts are:
- Retail account
- MarketX account
Below we have few facts about the minimum deposit requirement of each trading account:
1. Retail Account
A retail account has services that are pretty similar to a standard account. This account has the minimum deposit requirement of 250 USD/EUR/GBP or 2500 ZAR.
2. MarketsX Account
A MarketX account is similar to a VIP account with which a trader can take advantage of some advanced trading services.
The account offers competitive spreads with educational materials, free withdrawals, and other perks. The minimum deposit for this account is $250.
Comparison of Markets.com Minimum Deposit with Other Brokers
Comparison table of Markets.com minimum deposit with other brokers is discussed in detail below:
|Account Currencies||EUR, GBP, USD, AUD, ZAR, CHF, DKK, NOK, PLN, SEK||EUR, GBP & USD||USD, EUR, AUD, ZAR & GBP|
What can you trade?
Markets.com is offering traders access to 2,200 assets in 8 different classes. In addition, there are 67 currency pairs available to traders, complemented by 25 cryptocurrency pairs.
Therefore, cross-asset diversification is also possible by selecting 28 commodities with 2,000 CFDs equities in bulk.
Few magnifying trading opportunities are based on 60 ETFs, 13 blends as well as 40 Index CFDs. A variety of trading instruments are also available based on the account you are about to open.
Cryptocurrency CFDs are not for retail traders who are residing in the United Kingdom. In addition, the broker platform is also offering 7,000 individual publicly quoted stocks and shares that can be traded on 16 various global stock exchanges.
How to open an account with Markets.com?
Opening an account with Markets.com is a quick and easy process. You can open an account through online processing, which merely requires your email address and password. To open an account, traders need to select the currency they want to use.
You will need to submit all your correct documents and accurate financial and personal information for successful verification.
1. How can you trade on a Markets.com broker?
Trading on Markets.com is possible through different trading platforms, including MT4 and MT5.
2. What is the minimum deposit at Markets.com?
The minimum deposit requirement at Markets.com is $100.
3. How can new traders join Markets.com?
All the new traders can join Markets.com by attending 60 minutes of the webinar and learning new trading ideas. In addition, this platform is also available with some educational materials with which traders can learn about products and services for safe trading.
4. How can you open an MT4 account on Markets.com?
Once the trader has signed in, they can choose their favourite trading platform based on their requirements.
5. Is Markets.com available in South Africa?
Markets.com operates as a subsidiary in South Africa and is regulated by the Financial Sector Conduct Authority (FSCA).
In conclusion, Markets.com is a reputable brokerage platform with excellent corporate ownership. Furthermore, being a worldwide renowned trading platform, this broker has a transparent approach in introducing a trustworthy trading environment.
They are exceptional with their minimum deposit requirement and offer various trading platforms to perform trading without any hassle. So if you find Markets.com a convenient and reliable brokerage, create your account with them right now.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst