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TIO Markets Minimum Deposit

TIO Markets Minimum Deposits

 

Overall Rating

4.5/5

Rated #63 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FCA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

70

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The TIO Markets minimum deposit amount to open a real trading account is 23.95 US dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours

Instead of having a conventional minimum deposit amount, they operate on a subscription basis of US Dollar 24.95 per month for a VIP Account, and US Dollar 49.95 per month for the VIP Black Account. Traders are charged according to the currency of their trading account.

The US Dollar 24.95 when subscribing to a VIP account is equivalent to ZAR439.46 per month, and US Dollar 49.95 is equivalent to ZAR879.80 per month, at the current exchange rate between US Dollar and South African Rand on the day and at the time that this article was written.

They are a UK-based broker and is authorized and regulated by one of the strictest and most demanding regulating entities namely FCA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as TIO Markets are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

 

Deposit fees and deposit methods

 

They do not charge any fees when deposits are made into the trader’s account. Traders can make use of the following payment methods through which the minimum deposit amount can be paid:

  • Bank Wire Transfer
  • Credit/Debit Cards, and
  • UnionPay

 

There is no precise indication regarding the exactly supported deposit currencies, but it is safe to assume that some the following major currencies will be accepted:

  • USD
  • GBP, and
  • EUR

 

Step by step guide to deposit the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can pay the subscription fee by logging into the TIO Markets Client Portal and selecting the option to deposit, followed by the method of payment and the amount.

Due to the nature of TIO Markets’ offering, traders will need to verify the process with the broker along with the possibility of facilitating monthly debit orders for convenience.

 

Overall Rating

4.5/5

Rated #63 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FCA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

70

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

✔️PROS ❌CONS
Quick and easy depositing of funds Subscriptions on VIP and VIP Accounts are high
Reliable payment options provided Deposit currencies not indicated
Deposit and withdrawal fees not charged Not a wide variety of deposit methods supported

 

You might also like: TIOmarkets Sign Up Bonus

You might also like: TIOmarkets Demo Account

You might also like: TIOmarkets Fees and Spreads

You might also like: TIOmarkets Islamic Account

You might also like: TIOmarkets Account Types

 

FAQs

 

What is the minimum deposit for TIO Markets?

There is no minimum deposit, but a monthly subscription fee which starts from US Dollar 23.95 for a VIP Account.

 

How do I make a deposit and withdrawal with TIO Markets?

You can make use of the following payment methods to deposit or withdraw funds:

  • Bank Wire Transfer
  • Credit/Debit Cards, and
  • UnionPay

 

Does TIO Markets charge withdrawal fees?

No.

Withdrawal fees are not charged, but traders need to verify whether their banking institution waives any fees.

 

How long does it take to make a withdrawal?

  • Bank Wire Transfer – can take up to several business days
  • Credit/Debit Cards – instant but can take up to a few days to reflect
  • UnionPay – from one to a few business days

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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