Markets.com minimum deposit: A tutorial on how to deposit money

Trading methods cannot escape our eyes when we look for a way to increase our wealth. There may not be anyone who does not look to make money. So, making more money is essential for all those who are ambitious in their lives and want to live with dignity. Of, course without getting rich also, you can survive and fulfill your basic needs. 

However, a sound financial status is significant to fulfill your worldly desires. It is where trading offers a helping hand. If there is any way to receive the fastest returns on investments, it is through trading in online assets. We are also aware that online trading is the future. It has effectively replaced the traditional ways of physically appearing at the exchanges and calling for orders. All a trader needs to do to start trade is click on the electronic device she’s using. 

With the spread of digital technology, now more people are aware of the potential that trading has. That is why many new traders are showing interest in joining it. We know that trading is the way to maximize wealth, but it starts from a minimum investment. Such an investment is essential to use the account for the first time.

Since the most popular trading methods are all online, creating an account marks the beginning of a trader’s journey. But, it is not enough. We need to pay attention to the various minimum deposit amounts a broker may offer to a new trader. It will decide the future steps of funding your account and may play a vital role in winning the trades also. So, when deciding on an online broker, Markets.com may not be a new name for those who have some insight.

Markets.com official website
Markets.com official website

Markets.com joined the business of trading in 2008. Since then, it has offered seamless trading and investments in financial markets worldwide. It is a part of a company called Finalto Limited, a constituent of Playtech. It is an FTSE 250 listed company that knows the scale and has the resources to raise the bar for our clients in financial trading constantly.

Markets.com is a global giant in CFD and forex brokerages. It has been listed on Finance Magnates and Forex Live and holds the best platform in 2020. Moreover, several financial authorities regulate it, such as CySEC, FCA, etc. 

It also offers services and platforms under its indigenous brands: The Marketsi and Marketsx platform. The former focuses on share-dealing and investing, while the latter is used for CFD trading. 

As we mentioned before, it is essential to look into the deposit requirements of any broker. So, before choosing Markets.com, let us get a deeper insight into its minimum deposit and see how to do it.

markets.com award for being the best trading platform
Markets.com award for being the best trading platform

What is the minimum deposit?

A minimum deposit is the least sum of money we need to open an account with a financial institution. The financial institution could be a brokerage firm or a bank. A minimum deposit is also known as an initial deposit.

You should add the amount to your trading account to start trading through the online platform. The brokers offer the platform so; it should be a reliable broker like Markets.com. The minimum deposit should not be hefty, which means if you want to start trading, you should not need to fund your account with thousands of dollars. 

Some accounts offer premium services, and they may require higher minimum deposits. Whereas products aimed at a broader customer base typically have considerably lower deposits. A low minimum deposit is always advisable for a new customer. 

A new trader usually would not want to spend huge amounts on starting trading. They are looking to start with the most affordable amount of money possible. So having a minimum deposit of $1000 or more will only push new traders away from the broker’s platform.

However, we can see that heavy competition in the financial industry has led to reduced minimum deposit requirements. It is particularly apparent in brokerage businesses nowadays. Many offer a minimum deposit as low as $250. Some brokerages offer even lower minimum deposits. But they are quite rare, like Markets.com.

Financial organizations’ job is to compete for clients by charging a low fee. It helps in better asset management and easy withdrawing or transferring cash. Therefore, a low minimum deposit can draw new customers to the platform.

The trading platforms also offer customers the option to trade in multiple markets. These may be cryptocurrency markets, commodities markets, or the stock market. All these markets to trade in, and all the customer needs to start trading is a $100-250 or lower minimum deposit. 

However, an account with a low minimum deposit and no benefits may not be attractive for an expert trader. It may seem attractive to a beginner trader, but an experienced trader would usually prefer to open accounts with added benefits. 

So, the platforms offer different types of accounts to choose from that benefit experienced traders. But they may come with a high initial deposit.

Keeping minimum deposits nominal to attract new customers is vital. But, it is also important to offer a variety of different options. So that customers with different trading goals find it helpful when opening an account

Therefore, it is crucial to know which account to trade for. But, before that, a beginner trader should always look for a low initial deposit account. Moreover, she should understand the various deposit methods offered on that platform beforehand.

Available deposit methods with Markets.com

Markets.com App
Markets.com App

Markets.com is a broker that offers you multiple alternatives for depositing funds. Before thinking about winning trades, you must first choose the suitable deposit method as a beginner trader. The best way that suits you will ensure a smooth and hassle-free deposit into your account. Then you can start trading and focus on winning without worrying about the loss or misplacement of your funds.

Many top brokers prefer to stick to only the conventional and limited deposit methods. However, as one of the leading brokers, Markets.com differs from the rest and offers various methods. But, they may vary in their availability according to the region. So, while you choose the method, you should also consider which method is available in your location.


Now, let’s look into the deposit methods in detail.

Debit & credit cards 

The card payment methods are among the most commonly used methods in the present scenario. It is easy, simple, and hassle-free. Therefore, Markets.com also offers its customers the convenience of depositing funds through credit and debit cards. 

It is a method available for customers across all locations. So, you can choose from a list of debit and credit cards that includes all the popular ones like Visa, MasterCard, etc. Moreover, if any customer experiences a delay in the deposition, customer support is available 24/5 for resolving that.

Bank wire transfer

Bank wire transfer suggests nothing more than an online check transfer. Through this method, the electronic transaction eliminates the physical exchange of cash. It is done via a network that the banks and transfer service agencies dispense. 

However, there is a need for sending and receiving institutions. Also, it requires information like the receiver’s name and account number from the party commencing the transfer. It is a method that relates to online banking and is convenient. Therefore, Markets.com offers it as a deposit method available for traders everywhere.

Skrill/Neteller 

Skrill and Neteller are among the popular E-wallets. Those are digital wallets that deal the payment through digital units. You can have an amount as e-wallet money in it that you can use for cashless transactions. It is an effortless method that requires no deep technical knowledge. So with Markets.com, you can deposit through these two E-wallets. However, a beginner trader must note that it is unavailable in the UK.

PayPal 

PayPal is among the biggest fintech companies in the world. So, Markets.com does not ignore making it available for making deposits. The customers can send money online merely by creating a merchant account in it. PayPal focuses on online transactions that reduce the dependence on checks and money orders. It is available in the majority of the countries globally, so even the Markets.com traders can use it everywhere to deposit.

Ideal 

Ideal is another payment method based on online banking. It is a Dutch company that uses direct online transfers from the trader’s bank account. Markets.com allows its consumers to pay online through their own bank through this method. Traders can make it through the bank app or an online banking environment.

The inter-bank system that Ideal offers is covered by all major Dutch consumer banks. Also, this deposit method is available in Europe only. So, Markets.com users from Europe can use this method for their benefit exclusively.

Sofort 

It is a real-time bank transfer method prevalent in most European countries like Austria, Germany, and Switzerland. It connects and arranges the transactions between the customer and broker. Sofort offers a fast and easy payment that utilizes your online banking details

So, you can make the transactions just by logging in with your online banking details. Your bank will receive the information in an encrypted form, further which you’ll be asked for a confirmation code. Sofort eliminates entering lengthy card numbers, and there is no need to store the details also. Therefore, Markets.com traders can use this method for depositing their funds safely and conveniently. However, it is available for users only in Europe.

Markets.com payment methods
Markets.com payment methods

How much is the Markets.com minimum deposit?

Methods
Currencies
Minimum Deposit
Minimum Withdrawal
Credit/Debit Cards
USD EUR AUD GBP
100 USD
10 USD/EUR/GBP
Bank Wire Transfer
USD EUR AUD GBP
100 USD
100 USD/EUR/GBP & 20 EUR within the EU
Skrill
USD EUR AUD GBP
100 USD
5 USD/EUR/GBP
Neteller
USD EUR AUD GBP
100 USD
5 USD/EUR/GBP
PayPal
USD EUR AUD GBP
100 USD
10 USD/EUR/GBP

As a beginner trader, the minimum deposit is what you need to add to your account foremost. Many brokers require you to deposit a minimum amount to activate the account. Markets.com also keeps such a requirement. The minimum deposit often varies with the type of payment chosen. But, with Markets.Com, it does not fluctuate and remains the same irrespective of your chosen method. However, in contrast to the deposit, the withdrawal scheme mandates you to withdraw different amounts depending on the payment methods.

When it comes to the initial Deposit at Markets.com, it has a fair minimum amount of $100, unlike others in the industry. Many trading brokers may compel you to add in funds that could extend to thousands of dollars. Though we can understand that the traders can use this money later, huge amounts in the initial deposit are still not favorable for beginners.

Deposit currencies

The next factor is the base currencies when the trader deposits the funds. The base currency is the medium in which the transactions will occur in the account. And if you want to convert to a new currency, the brokers charge a conversion fee. Therefore, to have total control of the transactions, many brokers offer only a limited variety of currencies. But, it is different with Markets.com, as it offers the following diverse list of deposit currencies

  • USD
  • EUR
  • GBP
  • NOK
  • ZAR (Rand)
  • AUD
  • CHF

Deposit fees

Deposit fees are the amount a trader has to pay while making a deposit. The brokers charge it as additional fees, which can vary according to the methods for deposit and the account types. However, when we look into the features portfolio of Markets.com, we can safely say that it does not charge any deposit fees from its customers. So, be it a new trader or an existing customer, they can deposit and add the funds without paying any charges.

Markets.com offers the possibility to trade with MT4. These are the advantages of using it
Markets.com offers the possibility to trade with MT4. These are the advantages of using it

How to deposit?

As one of the leading brokers in various trading formats, we cannot expect Markets.com to have a complicated deposit process. In contrast to various brokers, Markets.com requires you to follow the basic steps for a hassle-free deposit. It understands that depositing the funds is one of the prime steps a trader must take before beginning to trade. Therefore, by following the steps mentioned below, you can easily deposit the amount of your choice.

  1. The first step is not any different from others. Markets.com requires you to log in to your account, which has to be made if not done before.
  1. Next, you need to navigate to the dashboard in your account and locate the personal client area. You can see an option that says deposit. Now select that option to get redirected to the payment page.
  1. Now, you will get the option to choose your mode of payment. As we mentioned before, you can choose according to the convenience and your location. However, before choosing the method for the deposit, a new trader must be careful, as it will be the same method that the traders will have to use during withdrawal.
  1. After choosing the payment method wisely, you need to specify the amount in the next step. You must be clear in your mind and mention the exact amount you wish to deposit in your account.
  1. Lastly, you can see a confirm button. By clicking that button, you will submit your deposit, and the process will come to an end. 

If we look at the time involved in the whole transaction, it mostly depends upon the payment method you choose. Card payments and payments through online methods such as PayPal may instantly credit your account, but it might also take a few hours. At the same time, the E-wallets methods will get it done instantly. However, payments through bank wire transfers can take longer than others. It might take 3-5 business days to credit the funds into your trading account or might extend to a maximum of 7 days.

Whenever you have open questions about deposit, you can contact live chat, which will answer all your questions
Whenever you have open questions about deposit, you can contact live chat, which will answer all your questions

Conclusion

Markets.com is visibly among the top trading brokers, especially when focusing on CFD and Forex trading. It is an award-winning broker that has been listed on Forex Live and Finance Magnets. But, before choosing any broker, a trader must focus on the minimum deposit conditions. Since the initial deposit is where the trader begins the process, it should be affordable. With Markets.com, a beginner trader cannot hope to find a better choice as it offers a nominal minimum deposit and is free from any deposit charges. So, it can be concluded as an ideal broker for anyone who wants to excel in trading.


FAQ – The most asked questions about Markets.com minimum deposit :

Can you transfer the deposit to the MT4/5 platform?

Yes, you can. The MT4/5 platforms are among the most commonly used ones for online trading. Most of the brokers configure to either of these two platforms. So, Markets.com is also not behind in doing so. 
However, with other brokers, you may have to follow complicated steps. But a trader can eliminate them with Markets.com. You need to go to the top-right menu of the platform and navigate to the tab showing My Accounts. After that, you need to select the Funds transfer tab and instruct further to transfer the deposit to the MT4/5 platform.

Can you deposit or withdraw funds with third parties?

Usually, most brokers in online trading do not allow a third-party withdrawal or deposit. It means you cannot even use a different card or account other than yours for the transaction. No regulated broker would allow that as it is essential to safeguard any trading malpractices. 
Markets.com is a regulated broker, and it also clearly states that it does not allow any third-party funding. Therefore, you have to deposit the funds from a source that bears your name.

How can you make a Markets.com minimum deposit?

The first step to making a Markets.com minimum deposit involves logging in to your account. Go to the dashboard in your account and search for the personal client area. After that, a deposit choice will appear. If you choose it, you will be taken to the payments page. 

Next, choose the payment type that best suits your needs and your area. However, be careful when selecting the deposit procedure. Be careful and mention the amount to deposit. At last, click on the confirm button and submit your deposit request.

What is the Markets.com minimum deposit? 

Markets.com’s minimum deposit requirement of 100 USD is very genuine for traders. So, in order to create an account with the broker, you must invest a minimum of USD100. Additionally, it provides a large amount of account base cash. Additionally, they don’t charge any fees for deposits or withdrawals. 

So, it becomes easy for beginner traders as well. Additionally, they provide trading on the company’s own platform, which is easier to utilize than third-party systems like MT4 and MT5.

What forms of payment are accepted for the Markets.com minimum deposit?

To make the Markets.com minimum deposit, traders can use the following payment methods. 

Bank transfers
Cryptocurrency
Electronic wallets
Debit and credit cards 


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Last Updated on January 27, 2023 by Arkady Müller