ThinkMarkets Minimum Deposit

 

A ThinkMarkets minimum deposit Review

 

ThinkMarkets Minimum Deposit

 

The ThinkMarkets minimum deposit amount that ThinkMarkets requires is $250.

The minimum deposit amount of $250 when registering a live account is equivalent to ZAR4,403.39 at the current exchange rate between US Dollar and South African Rand on the day and at the time that this article was written.

ThinkMarkets is a UK and Australian-based broker authorized and regulated by two of the strictest and most demanding regulating entities namely FCA and ASIC, 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 ThinkMarkets 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

 

ThinkMarkets 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:

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Neteller
  • Skrill, and
  • BitPay

 

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

  • AUD
  • EUR
  • CHF
  • GBP, and
  • USD

 

Traders should note that when using BitPay, only Bitcoin, Ether, and Bitcoin Cash are accepted.

 

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 ThinkPortal 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.      None noted
2.      Major payment options supported
3.      Base/major deposit currencies supported

 

FAQ

 

What is the minimum deposit for ThinkMarkets?

$250

 

How do I make a deposit and withdrawal with ThinkMarkets?

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

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Neteller
  • Skrill, and
  • BitPay

 

Does ThinkMarkets charge withdrawal fees?

No.

Withdrawal fees are not charged by ThinkMarkets. Traders will have to verify with their payment provider should there be fees waived with regards to deposits and/or withdrawals.

 

How long does it take to make a withdrawal?

  • Bank Wire Transfer – one to three business days
  • Credit/Debit Cards – instantly, but may take a few hours to one business days
  • Neteller – up to ten minutes
  • Skrill – up to ten minutes
  • BitPay – up to ten minutes

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