Markets.com deposit and withdraw
Suppose you have been trading for some time with a demo account and feel ready to make the step towards a real trading account. Then you will get to the point where you’ll have to deposit money into your account. This article discusses how you can deposit money into your account, what methods of payment are available, and how long it takes for you money to actually be in your trading account. The same issues will be addressed with regard to withdrawing money from your account.
Depositing and withdrawing at Markets.com
If you want to deposit money through the WebTrader you should take the following steps. Log into the site of Markets.com and go to “My account > Deposit”. You will then see a screen where you can determine the amount you wish to deposit and with what payment method you want to do so.
The ways in which you can deposit money at Markets.com is quite extensive. The main ways to transfer money are via credit card, bank transfer, or Ideal. When you transfer money by credit card, the maximum you are allowed to deposit is $ 20,000 per week. The money will be directly available in your trading account if you make a deposit by credit card. If you want to make unlimited deposits, you better fund your account with a bank transfer. The downside of this however is that it takes up to 5 business days for the funds to be available in your account. If you deposit via iDeal, you are subject to a maximum of € 1,000 per transaction. It takes about one day for the money to be in your account. The minimum deposit amount at Markets.com is € 100.
In order to withdraw money you follow the same procedure, however you go to “My Account > Withdraw”. The terms that apply to depositing money also apply to withdrawing funds.
What account are you eligible for?
Markets.com makes a distinction between accounts that are created. The distinction is made based on the amount of the deposit. Below are the three account types that are available at Markets.com:
- Mini Account: the first account of Markets.com is called the mini account. This account is for clients who deposit an amount between € 100 and € 2,499. With this account you can receive a 10% bonus on your deposit , which implies a maximum bonus of € 250.
- Standard account: the standard account is for those clients who deposit between € 2,500 and € 19,999. This account offers a bonus of about 10% with a maximum of € 2,000. This account also offers the free use of the SMS service of Markest.com which will keep you informed of the latest news.
- VIP account: the VIP account is valid from a deposit of € 20,000. When you make a deposit of at least € 20,000 you expect to receive a bonus which is obviously higher than in other accounts. In part, this bonus will consist of a certain amount of money, though it could also be in the form of lower spreads. Furthermore, you will be linked to a Markets.com professional who will always be ready to help and is always open for questions.