CMC Markets requires no minimum deposit to start trading. Depending on the deposit method, it can take anywhere from 10mins to 3 business days for a deposit. The broker offers the fastest transactions 24/5 during working hours. The company does not charge any fees for deposits.
Read: CMC markets review
You can choose from ten currencies as the base currency of your account: AUD, GBP, CAD, EUR, NZD, PLN, SGD, SEK, NOK and USD. Once it’s set, any deposit you make from anywhere in the world will be converted to the account’s default currency.
For example, you live in UAE, your account’s default currency is USD. When you deposit any dirhams from your desired payment method, you get a converted amount of USD. Keep in mind that the current conversion rate on currencies is applied while depositing.
So checking the conversion rate from your local currency to the account’s currency before making a deposit may be a good idea.
The broker offers two types of accounts:
- CFD Account (No Minimum Deposit Required)
- Corporate Account (Spread Betting, No Minimum Deposit Required)
The company offers quick deposit options that allow you to get your funds into your trading account in as little as 2-3 business days. You won’t have to worry about a deposit fee with CMC Markets because there isn’t one.
1: Bank Transfers
You can use wire transfers to deposit funds into your trading account with ease.
2: Credit/Debit Cards
The broker accepts deposits from two types of debit/credit cards:
- Master Card
- Visa Card
3: Alternatives (E-wallets)
The company accepts deposits from three types of electronic payment systems:
|Payment Method||Min. Deposit||Fees||Processing Time|
|Wire Transfer||no minimum||no fees||2-3 Business Working Days|
|Master Card||no minimum||no fees||Immediate|
|Visa Card||no minimum||no fees||Immediate|
|PayPal||no minimum||no fees||Immediate|
|BPay||no minimum||no fees||Immediate|
|POLi||no minimum||no fees||Immediate|
How to Deposit
Before you can deposit funds into your trading account, you need to verify your identity and address. The broker may request certified documents, depending on your circumstances and the region in which you live. A certified copy of an original document that an authorized individual has endorsed as a genuine copy of the original.
1: Proof of Identity
The broker usually demands a photo of both sides of your:
- National ID
- Driver’s License
2: Proof of Address
The company accepts one of the following documents as proof of residence or address:
- bank statement
- utility bill
- mortgage statement
- credit card statement.
You may use a credit or debit card to fund your account, or you can transfer money from your bank account. The company does not take checks or cash as a form of payment. Please be sure that any money you deposit into your account comes from only a card or account in your name. Any payment received from a third party is refunded. A bank transfer might take several days, but credit/debit card or PayPal payments are immediate.
Here is how you can deposit funds in your trading account by following these easy steps:
- 1: Log in to your trading account
- 2: Go to “Funding.”
- 3: Click “Add Funds.”
- 4: Enter the amount you wish to deposit
- 5: Select Payment Method and Fill in the required details
- 6: After following instructions carefully, confirm your deposit
Note that the time required to see the deposited amount in your account depends on the payment methods.
Sign up Bonuses
Unfortunately, CMC Markets does not offer any signup bonus at this time. However, the broker offers a “refer a friend.” bonus of $250.