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MARKETSX Minimum Deposit

MarketsX Minimum Deposit

 

Overall Rating

4.7/5

Rated #253 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FINRA

📱 Trading Desk

Meta Trader 4, Meta Trader 5

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The MARKETSX Minimum Deposit amount to open a real trading account is 250 (two hundred and fifty) US Dollar.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours

This minimum deposit amount was equivalent to ZAR 2500 at the average exchange rate between the US Dollar and the South African Rand at the time of writing.

They are a broker that is authorised and regulated by strict regulatory entities and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

When compared with other brokers, the minimum deposit that they require when registering a live account is not too high.

They offer traders the following payment or deposit methods which can be used when making deposits:

They accept major credit cards, e-wallets, local payment methods, and wire transfers and they have no charge for commission or deposits or withdrawal fees.

Funds always have to be returned in the same method used to deposit.

Payment methods that can be used include the following:

  • Bank wires,
  • Credit cards,
  • Neteller,
  • Skrill,
  • PayPal,
  • Fast Bank Transfers,
  • Sofort
  • iDeal.

 

The minimum deposit of $250 can be made in a currency equivalent, and the minimum amount required for withdrawals is dependent upon the payment option but generally range between $5 and $100.

Markets.com does not levy additional fees, but third-party charges may be applicable. Processing times are not provided.

Deposit currencies that are accepted include EUR, AUD, DKK GBP, NOK, PLN, SEK, USD and ZAR

Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.

 

Step by step guide to deposit the minimum amount

Traders can fund their accounts from their own bank account by sending the funds to one of their segregated client accounts or access the option to deposit the minimum amount from their personal area after having registered a live trading account and it had been approved.

Traders must log in to their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.

Funds must be transferred in the same currency as the bank account to which they are sending them to. Should this not be done, traders may be subjected to currency conversion fees.

 

 

Overall Rating

4.7/5

Rated #253 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FINRA

📱 Trading Desk

Meta Trader 4, Meta Trader 5

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
Reliable payment methods offered Currency conversion fees may apply
No commission or fees on deposits or withdrawals
Deposits can be made in several currencies

 

You might also like: MarketsX Sign up bonus

You might also like: MarketsX Demo account

You might also like: MarketsX Fees and Spreads

You might also like: MarketsX Account Types

You might also like: MarketsX Islamic Account

 

FAQ’s

What is the minimum deposit required to open an account with MARKETSX?

$ 250

How do you make a deposit and withdraw money with MARKETSX?

They offer the following deposit and withdrawal methods:

  • Credit cards
  • Neteller
  • Skrill
  • PayPal
  • Fast Bank Transfers
  • Sofort
  • iDeal
  • wire transfers

Does MARKETSX charge withdrawal fees?

No, but fees from financial institutions may be applicable.

How long does it take to make a withdrawal?

No specific processing times are provided, but the broker promises that withdrawals are processed fast. It may however take a few days to be available in a customer’s bank account.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.