You are required to make a successful first-time deposit before you can begin trading. Payments are only accepted from accounts in the client’s name; third-party accounts are not accepted.
How to make your first deposit
- Log into your Personal Area (PA) and open the Deposit tab.
- Select a payment method. Take note of the minimum/maximum limit and processing time.
- Enter the deposit amount and select Continue.
- Review the transaction summary, then Confirm.
- You are redirected to the payment provider’s page to complete the transaction.
Considerations
Your first-time deposit is made simple by deciding on two important factors:
Payment method
+Select a payment method available in your region that is most convenient for your first deposit. The Deposit tab displays the methods, processing times, and minimum/maximum limits.
Other considerations include:
- Verification requirements: Ensure you have completed your economic profile and account verification to enable all payment methods.
- Currency: Deposit the same currency set for your trading account to avoid conversion charges.
- Processing times: Processing times vary, so select a payment method appropriate to your preferences.
- Deposit fees: Most payment methods have no fees on deposits but may require a specific minimum deposit amount.
The trading account currency cannot be changed once a trading account is created. Create a new trading account for the account currency you want.
Deposit amount
+Your first-time deposit amount depends on both the trading account type you have and the payment method chosen.
Trading account type
- Professional trading accounts have a unique first-time minimum amount depending on the region where the account is registered, but only applies to that initial deposit.
- Standard trading accounts require a minimum first-time deposit based on the selected payment method.
Minimum deposit
- Payment methods present a minimum deposit requirement that applies to every deposit, not only the first deposit.
An error message will appear in your PA to notify you if your deposit is less than the amount needed for the payment method.
If a Pro account requires a minimum first-time deposit of USD 200 while the payment method has a minimum deposit amount of USD 10, your first-time deposit should be at least USD 200.