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CMC Markets Minimum Deposit

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Minimum Deposit

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.[1]

Read: CMC markets review

Currency Preference

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.

Account Types

The broker offers two types of accounts:[2]

  • CFD Account (No Minimum Deposit Required)
  • Corporate Account (Spread Betting, No Minimum Deposit Required)

Payment Options

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.[3]

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:

  • PayPal
  • BPay
  • POLi
Payment MethodMin. DepositFeesProcessing Time
Wire Transferno minimumno fees2-3 Business Working Days
Master Cardno minimumno feesImmediate
Visa Cardno minimumno feesImmediate
PayPalno minimumno feesImmediate
BPayno minimumno feesImmediate
POLino minimumno feesImmediate

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.[4]

1: Proof of Identity

The broker usually demands a photo of both sides of your:

  • National ID
  • Passport
  • 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.

Deposit Funds

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.[5]

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.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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