Price Markets Minimum Deposit

 

A Price Markets minimum deposit Review

 

Price Markets Minimum Deposit

 

The Price Markets minimum deposit amount that Price Markets requires is $5000.

The minimum deposit amount of $5,000 when registering a live account is equivalent to ZAR88,546.70 at the current exchange rate between US Dollar and South African Rand on the day and at the time that this article was written.

Price Markets is 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 Price 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

 

Price Markets does 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:

  • Skrill
  • Bank Wire Transfer, and
  • CardPay

 

Price Markets supports the following deposit currencies in which traders can fund their accounts including:

  • USD
  • GBP
  • EUR
  • CHF, and
  • JPY

 

Step by step guide to deposit the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

 

  1. Log into the Client Portal and select ‘Deposit’
  2. Select the deposit method along with the amount.
  3. After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

 

Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

 

Pros and Cons

 

PROS CONS
1.      Quick and easy depositing of funds 1.      Deposit fees are charged on all payment methods
2.      Reliable payment options provided 2.      Withdrawal fees charged when using Skrill
3.      Variety of deposit currencies supported 3.      High minimum deposit amount

 

FAQ

 

What is the minimum deposit for Price Markets?

$5000.

 

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

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

  • Skrill
  • Bank Wire Transfer, and
  • CardPay

 

Does Price Markets charge withdrawal fees?

Yes.

Withdrawal fees are charged when using Skrill as the payment method. Fees of 4.00% apply to EU withdrawals and 7.00% apply to Non-EU withdrawals

 

How long does it take to make a withdrawal?

  • Skrill – one business day
  • Bank Wire Transfer – one business day
  • CardPay – one business day

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