The IFC Markets minimum deposit is just $1 or the local currency equivalent, for IFC Markets micro accounts, and $1,000 for IFC Markets standard accounts. No actual deposit is required for the IFC Markets demo account, which uses only virtual funds. My IFC Markets minimum deposit review provides an in-depth look at how to make your deposit with IFC Markets and explores the pros and cons of the IFC Markets minimum deposit process, plus an overview of available payment processors.
Here is the IFC Markets minimum deposit requirement:
- Micro accounts - $1 or a currency equivalent in EUR, JPY, and BTC
- Standard accounts - $1,000 or a currency equivalent in EUR, JPY, and BTC
The IFC Markets Minimum Deposit Overview
The IFC Markets minimum deposit requirement depends on the IFC Markets account type and is either $1 or $1,000 or a currency equivalent.
MinimumDeposit | IFC Markets | Axi | InstaForex | Tickmill | Admirals |
Commission-Free | $1 to $1,000 | $0 | $1 | $100 | $100 |
Commission-Based | Not applicable | $0 | $1 | $100 | $100 |
The Pros and Cons of the IFC Markets Minimum Deposit
Before making their IFC Markets minimum deposit, traders should consider the pros and cons of the deposit process. Traders should also consider the IFC Markets withdrawal methods and any associated fees to select the most cost-effective method. It may also be valuable to practice strategies on an IFC Markets demo account.
The Pros of the IFC Markets Minimum Deposits
- Segregation of client deposits from the firms’ funds
- User-friendly deposit process
- A choice of payment processors, including Bitcoin deposits
The Cons of the IFC Markets Minimum Deposits
- Above average IFC Markets minimum deposit requirement for standard accounts
How to Make a Deposit
While IFC Markets’ exceptionally low $1 minimum deposit makes it accessible to many, consider funding your account with a larger amount. Effective trading often requires more capital to properly manage risk, withstand market fluctuations, and allow for diversified strategies.
Here is how to deposit with IFC Markets:
- Log into your IFC Markets Private Area
- Navigate to “My Money” in the left menu and click “Deposit”
- Click “My Accounts” and select the IFC Markets account you wish to deposit and click the menu button located next to the time stamp followed by “Deposit funds”
- Choose the preferred payment processor
- Enter your desired deposit amount
- Follow the on-screen instructions
IFC Markets Deposit Fees and Deposit Methods
During my IFC Markets broker review, IFC Markets levied an internal deposit fee on Perfect Money between 0.50% and 1.99%, a 20% deposit fee on WebMoney, while Bitcoin deposits will incur blockchain network fees.
IFC Markets deposit methods, internal processing times, and known transaction limitations:
Deposit Method | Processing Time | Deposit Currencies | Minimum Single Deposit | Maximum Single Deposit | WithdrawalOption |
Bank wires | Two to three business days | USD, EUR | $100 | N/A | Yes |
Credit/debit cards | Instant | USD, EUR, JPY | $100 | $5,000 | Yes |
Pasargad Novin | Within one hour | USD | $1 | Undisclosed | No |
Mobile Money/M-Pesa | Instant | USD, EUR | $5 | $500 | Yes |
African Local Bank | Instant | USD, EUR | $5 | $500 | Yes |
Cryptocurrencies | Instant | USD, EUR, JPY, BTC | $20 or 800 uBTC | Undisclosed | Yes |
TopChange | Instant | USD | $1 | Undisclosed | Yes |
Perfect Money | Instant | USD, EUR | $1 | $5,000 | Yes |
Bitwallet | Instant | USD, EUR, JPY | $10 | N/A | Yes |
WebMoney | Instant | USD | $1 | Undisclosed | Yes |
ADVCash | Instant | USD, EUR | $1 | $5,000 | Yes |
Domestic Transfer | Within one hour | USD, EUR | $20 | Undisclosed | Yes |
Noteworthy:
The IFC Markets deposit screen lists all available deposit methods, certain geographic restrictions may apply
IFC Markets Deposit Methods vs. Similar Brokers
DepositMethods | IFC Markets | Axi | InstaForex | Tickmill | Admirals |
Bank wires | Yes | Yes | Yes | Yes | Yes |
Credit/debitcards | Yes | Yes | Yes | Yes | Yes |
Skrill | No | Yes | Yes | Yes | Yes |
WebMoney | Yes | No | Yes | Yes | No |
ChinaUnionPay | No | Yes | No | Yes | No |
PerfectMoney | Yes | No | Yes | No | No |
Othere-wallets | Yes | Yes | Yes | Yes | Yes |
LocalizedMethods | Yes | Yes | Yes | No | No |
Crypto-currencies | Yes | Yes | Yes | No | No |
IFC Markets Deposit Currencies
Traders must differentiate between the account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency of a trading account, and the latter are currencies available for deposit through payment processors.
IFC Markets supports the following account base currencies:
- US Dollar
- Euro
- Japanese Yen
- Bitcoin
IFC Markets supports the following deposit currencies:
- US Dollar
- Euro
- Japanese Yen
- Bitcoin
IFC Markets Trading Account Currencies vs. Similar Brokers H3
AccountCurrencies | IFC Markets | Axi | InstaForex | Tickmill | Admirals |
US Dollar | Yes | Yes | Yes | Yes | Yes |
Euro | Yes | Yes | Yes | Yes | Yes |
British Pound | No | Yes | No | Yes | Yes |
Swiss Franc | No | Yes | No | No | Yes |
AustralianDollar | No | Yes | No | No | No |
Others | Yes | Yes | Yes | No | Yes |
Total | 4 | 10 | 3 | 3 | 10 |
Steps for Sending the IFC Markets Minimum Deposit
The IFC Markets Private Area functions similarly to other online banking platforms and manages the IFC Markets minimum deposit. Traders should evaluate the IFC Markets fees before making a deposit.
Here is a step-by-step guide to sending your IFC Markets minimum deposit:
1. Log into your IFC Private Area, navigate to “My Money,” and click “Deposit.”
2. Click “My Accounts” and select your IFC Markets account. Click the menu button located next to the time stamp.
3. Choose the preferred payment processor, enter your desired deposit amount, and follow the on-screen instructions.
4. IFC Markets notifies clients once it credits the deposit to the IFC Markets trading account.
Bottom Line
The IFC Markets minimum deposit requirement for micro accounts is just $1 or a currency equivalent and $1,000 for standard accounts. Traders can choose from twelve payment processors, including the ability to deposit cryptocurrencies. All but three of these options are free of internal deposit fees, and most payment processors have instant processing times. Several Forex brokers offer a $1 minimum deposit, including IFC Markets. The IFC Markets minimum deposit requirement for micro accounts is $1 or its currency equivalent and $1,000 for standard accounts. Traders can deposit by using their user-friendly and secure IFC Markets Private Area and make international bank wires, use credit/debit cards, or select from payment processors including Pasargad Novin, Mobile Money/M-Pesa, African Local Bank, TopChange, Perfect Money, Bitwallet, WebMoney, ADVCash, and Domestic Transfer. Deposits in Cryptocurrencies are also an option.FAQs
Which Forex broker has a $1 minimum deposit?
What is the minimum deposit at IFC Markets?
How do I deposit money into IFC Markets?
