IG minimum deposit: a simple guide on how to deposit money

A trader can earn profits on his investments only by investing money across various forex, CFDs, and other marketable instruments. He can trade in securities by opening a live trading account and funding it. He can use the funds added to his trading account to invest and earn profits. Some online trading platforms make it problematic for clients to deposit and withdraw funds from their trading accounts. It is generally because of the low-quality user interface. 

However, you can enhance your trading experience with IG. The broker offers a reliable and trustworthy online trading platform to its users. If you are a beginner, IG is worth taking a chance. 

IG official website
IG official website

A minimum deposit is a trader’s concern when trading with an online broker. It is a cause of worry for a beginner because he does not have any experience investing in a highly fluctuating market. As a beginner, you do not want to lose money to market volatility.

Trading with IG comes as a relief as far as IG minimum deposit is concerned. IG has absolutely no minimum deposit amount for bank transfers, whether you are a beginner or a professional. It means that you can begin trading even with a small amount, say $100. 

You can start trading with IG without having to risk your life’s savings. Every beginner wants to try their market knowledge and decision-making capability without losing a chunk of money. It is what IG provides its users. 

As an IG client, you can begin trading with any amount of your choice. It is effortless to deposit funds into your IG trading account. A trader has a lot of payment options at his disposal when trading with IG. 

We will discuss the fund deposit process in the subsequent sections. Let us first view the history of IG

IG awards
IG awards

About IG

IG came into being in 1974 through the efforts of Stuart Wheeler. Initially, it allowed people to trade gold prices as an index without buying gold in physical units. IG got listed on the London Stock Exchange as IG Group plc in June 2000.

Over time, IG expanded itself and became what we know as the present-day broker. FCA, the United Kingdom’s financial authority body, regulates IG and monitors its operations.

IG offers competitive spreads and thousands of trading instruments to professionals and beginners. It also helps the newcomer traders through a demo account to learn how to trade. It also has a variety of educational materials to guide its clients in the right direction. 

IG Academy courses, webinars, and seminars are some of the ways through which it seeks to enhance the market knowledge of its users. 

One can begin trading with IG without much effort. All he needs to do is open an IG live trading account. If you have been using a demo account, you will have to switch to a live trading account to deposit funds and begin trading. 

You can fund your trading account with an IG minimum deposit and start investing across various instruments. Let us find out what the term ‘minimum deposit’ means.  

What is a minimum deposit?

A minimum deposit is an amount that a trader deposits into his live trading account when he signs up with the online trading platform. Different online trading platforms have varying minimum deposit amounts.

You can fund your trading account with a minimum deposit only if it is a live trading account. It means that if you are using a demo account, you will have to shift to a live trading account to start trading by funding your account.  

Some trading platforms have a very high minimum deposit amount making it difficult for beginners. A beginner looks for a trading platform that does not stipulate a very high minimum deposit because of the risky market investments. Without adequate knowledge, beginners are at the constant risk of losing a lot of money if the deposit amount is beyond their budget.

Let us have a look at the IG minimum deposit.

How much is the IG minimum deposit?

IG does not stipulate any minimum deposit for its users as long as they use bank transfers as a payment method. For card payment methods, IG minimum deposit amounts to $300. 

Payment method
Minimum deposit
Credit or debit cards
$300
Bank transfers
$0

The minimum deposit amount appears on your screen when you process your payment for the IG minimum deposit. If you do not want to risk $300 and wish to start with a lower amount, you can use the option of bank transfer to fund your account with an IG minimum deposit. 

However, as a beginner, if you are comfortable funding your IG trading account with $300, you can use your card to make the payment. 

IG offers its clients a choice of payment methods. Let us look at IG payment methods in detail. 

Available deposit methods

As a user of IG, you can deposit funds into your IG trading account with the help of these payment methods. 

  1. Credit and debit cards
  2. Bank transfers
  3. FPS Hong Kong Dollars

You can use these payment methods to fund your account with an IG minimum deposit. Let us find how straightforward it is to use these payment methods. 

Credit cards and debits cards

You can fund your trading account with an IG minimum deposit through your credit and debit cards. You can use those just like you pay for other things online. 

To make an IG minimum deposit in your account, you can select credit or debit card as your preferred payment option. Many traders use the option of card payment to fund their trading accounts because they are one of the fastest payment methods. Your credit or debit card can help you deposit funds into your trading account instantly. 

You should also pay attention to the fact that you cannot use someone else’s card to fund your IG trading account. You can use the credit or debit card in your name and linked to your bank account. You can verify your card to use it as a payment method on the online trading platform.

Bank transfers

Bank transfers are another option to fund your trading account with IG minimum deposit amount. However, payments through bank transfers can take a few days to reflect into your trading account. 

If you want to deposit funds into your trading account through a bank transfer, you can select this as the payment method under the ‘Add Funds’ option. 

If you want to trade with the funds right away, you can upload a payment proof on your IG account. You should also note that it is crucial for you to add your full name and account ID as the payment reference. It will help IG allocate funds to your trading account without any confusion.

If you forget to enter the reference ID, there might be a delay in allocating funds to your IG trading account. In such a case, your trades can suffer, or you might miss out on investing in profitable securities. 

FPS Hong Kong Dollars

There is an added advantage for IG users who have bank accounts in Hong Kong. You can fund your trading account with an IG minimum deposit in FPS Hong Kong Dollars at no cost if you have a Hong Kong-based bank account. 

Let us find out the exact time for funding your trading account with IG minimum Deposit.

IG mobile trading
IG mobile trading

How long does it take to deposit funds in IG trading account?

The time involved in the transaction to fund your IG account with a minimum deposit depends on the payment method that you choose. Some payment methods offer quickly payment transfers while the others take a long time. 

Payment method
Time involved
Bank transfer
3-4 business days
Credit or debit card
Immediately or may take a few hours.

IG minimum deposits made via card payments are immediate but could take up to a few hours. On the other hand, if you fund your trading account through a bank transfer, you can expect a delay of about 3-4 business days. 

IG minimum deposits made with FPS Hong Kong Dollars typically takes one day for the funds to reflect into your account. 

So, a trader can choose the payment method considering both time and IG minimum deposit. If you want to fund your trading account urgently, you can use the option of card payments. If you are willing to wait for 3-4 days, you can choose bank transfer as your preferred payment method. However, you can upload payment proof of the bank transfer to use funds immediately. 

How to deposit – Tutorial

If you are searching for a tutorial to help you make the IG minimum deposit into your account, this might help you. You can follow a few steps to fund your IG trading account. The process of depositing funds to your IG trading account is more or less similar to these steps. 

  1. Open your IG trading account and log in to it.
  2. Select a payment method and enter the amount with which you want to fund your IG trading account.
  3. Review your transaction. 

Let us understand these IG minimum deposit steps in detail.

Open your trading account and log in to it

The first step to sending a minimum deposit to your trading account is to open one. You cannot add money to your IG demo account. You need to shift to an IG live trading account to start trading with real funds. 

You can enter the details like your name, e-mail ID, etc., to sign up with IG. You can also upload your identity and address proof. It will help you to verify your IG trading account. You can log in to your account and fund it with an IG minimum deposit by clicking on ‘My IG.’ After this, you can follow the subsequent steps. 


Select a payment method and enter the amount you want to add

After you verify your account, you are good to trade with IG. Now you can fund your trading account with an IG minimum deposit by clicking on the ‘Add Funds’ option on the dashboard. 

A list of available payment methods will appear on your screen

You can select a payment option you want to use to fund your account. Bank transfers, card payments, and FPS Hong Kong Dollars are some of the payment methods available at IG. After selecting a payment method, you can enter the amount you want to deposit in your IG trading account. 

Clicking on the ‘confirm’ option, you will succeed in making an IG minimum deposit without any hassle. 

Review your transaction

After you have approved your payment, you will receive an e-mail notification from IG confirming your deposit. The speed of your transaction can vary according to the payment method you choose to fund your account with an IG minimum deposit. 

Bank transfers can take a time of up to 3-4 working days for the funds to reflect into your trading account. If you paid via a card, the fund transfer takes place within a few hours and, in some cases, immediately. 

Now we know everything about the IG minimum deposit. We are also aware of the process of depositing funds to one’s IG trading account. Let us now look at the maximum amount you can deposit to your IG trading account. 

IG trading academy
IG trading academy

Maximum deposit amount

IG stipulates the maximum amount a user can deposit to his account based on the payment options. It means that the highest amount that a trader can fund his IG account with varies according to the deposit method he uses. 

Payment method
Maximum deposit
Credit card
$50,000
Debit card
$99,999
Bank transfer
NA

If you prefer your credit card to fund your IG trading account, you can deposit only $50,000 at a time. On the other hand, if you deposit funds to your trading account through your debit card, the maximum limit per transaction amounts to $99,999. 

IG recommends that its users choose the option of bank transfer for making deposits that are higher in amount. 

Fees that can occur

You can free your mind from paying any deposit fee to IG. IG does not charge any deposit fee from its clients, so you can deposit any amount without worrying about the deposit fee. 

IG deposit fee$0

Many online trading platforms charge hefty deposit fees from their clients. No deposit fee is one of the most attractive features of IG that motivates beginners to start their trading journey with IG. 

Conclusion

IG is a leading online trading platform. It is not only secure but also a reliable broker. One can open their trading account and also deposit funds without any challenge. Using this online trading platform is easy for beginners.

IG offers credit cards, debit cards, bank transfers, and FPS Hong Kong Dollars as payment methods to fund your account. You can also request a fund withdrawal through any of these payment methods.

The IG minimum deposit amount is only $300 for payments made through credit or debit cards. There is no minimum deposit amount if you transfer funds to your IG trading account through your bank account. Investors do not have to pay any deposit fee to IG. 

The ease of opening a live trading account and the deposit process makes IG an appropriate online trading platform for many users. 

IG LOGO
IG logo

FAQ – The most asked questions about IG minimum deposit :

Does IG stipulate any minimum deposit to a live trading account?

IG does not have any minimum deposit amount if you fund your account with a bank transfer. However, if you use your credit card or a debit card, you can make an IG minimum deposit of $300. You can select the payment method considering the minimum deposit amount at IG.

Which deposit methods are available at IG?

You can deposit funds to your IG trading account using the option of bank transfers, credit cards, debit cards, or FPS Hong Kong Dollars. Your deposit method will decide the speed of your transaction. Bank transfers will take up to 3-4 business days for the funds to reflect into your account. Payments made through cards are immediate but sometimes can take a few hours. 

How can I deposit funds to my IG trading account?

Adding an IG minimum deposit to your trading account is an effortless task. You only have to open a live trading account with the broker, log in and click on the ‘Add Funds’ option. After this, you can select a payment method and enter the amount you want to add to your IG trading account. You can easily add funds to your live trading account by following these steps.

Can I use a third-party bank account or card to fund my IG trading account?

IG does not allow its users to use a third-party bank account or credit/debit card to fund their live trading account. You can use the payment option that belongs only to you. The bank account, credit card, or debit card you use to fund your IG deposit should indisputably belong to you. 

Is there any maximum limit on funding my IG trading account?

Yes, you should be careful of the maximum amount with which you can fund your IG trading account. If you fund it using your credit card, you can deposit a maximum of $50,000 per transaction. Using your debit card, you can deposit $99,999 per transaction. If you want to deposit a higher amount, you can use the option of bank transfer and fund your IG trading account. 

Does IG charge any deposit fees from its clients?

No, IG does not charge any deposit fee from its clients, so you can fund your account with any amount without worrying about any deposit fees or charges. 

How can I make the IG minimum deposit?

To fund your trading account with the IG minimum deposit, you must sign up for a trading account first. Then, the platform will show you an ‘add fund’ option after logging in. After choosing the preferred payment method, you can fund your IG trading account with a minimum deposit amount. 

Are there any charges for funding the trading account with the IG minimum deposit?

No, the broker does not charge anything from traders to make IG minimum deposit. There are no deposit fees that a broker has to pay. Thus, IG is a preferred trading platform for most traders. 

Besides, it offers the best trading services to beginners. Also, the minimum deposit amount is low. So, traders can enjoy trading beginning with a small amount.

What kind of deposit methods can I get for making the IG minimum deposit? 

There are three payment methods for the convenience of IG users. You can use them to fund your trading account with the IG minimum deposit. They are 
– Credit and debit cards
– FPS Hong Kong Dollars
– Bank transfers
Use these payment methods and fund your account with the minimum required deposit. These methods are easy to use and convenient for every user. 

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Last Updated on January 27, 2023 by Arkady Müller