| IG Markets Minimum Deposit Summary | |
|---|---|
| IG Markets Minimum Deposit | AUD 100 |
| Deposit Methods | Local bank transfer, Cards, E-Wallets (PayPal, BPAY) |
| Account Types | CFD Account, Share Trading Account, IG Professional Account |
| Deposit Fees | Deposit fee applies for Cards and E-wallets |
| Account Base Currencies | EUR, USD, HKD, SGD, GBP |
| Withdrawal Fees | No Fee |
| Visit IG Markets | |
IG Markets minimum deposit in Australia is AU$100.
This is a summary of the minimum deposit requirement on IG Markets in Australia, from the minimum accepted amount to the accepted payment methods for deposits, from deposits and withdrawal processing time to possible fees and step-by-step guide to depositing funds on the platform.
What is the minimum deposit for IG Markets
The minimum amount you can deposit on IG Markets is AU$100, this applies to deposits via cards and PayPal. If you are using bank transfers for deposits, the minimum amount you can deposit is AU$450, but you can deposit as little as AU$10 if you are using BPAY.
IG Markets offer only one account type with option for professional account designed for experienced traders, if you meet the criteria.
Accepted Deposit Methods on IG Markets Australia
IG Markets offers a number of options for depositing funds. Here’s what you can use:
1) Credit/Debit Cards (Visa, Mastercard): Cards are supported for deposits on IG Markets, the minimum amount for this method is AU$100, the deposits are usually credited instantly to your trading account. No deposit fees are charged.
Withdrawals to cards are supported on IG Markets, the minimum amount you can withdraw is AU$200, it usually takes 2-5 business days for you to receive the funds and no withdrawal fees are charged.
2) Bank Wire Transfers: Bank transfers are also accepted for deposits on IG Markets, the minimum deposit for bank transfer is AU$450.
It usually takes 1-3 business for bank transfer deposits to be credited, however, you can send your proof of payment to customer support and they will credit it faster.
You can also withdraw funds to your local bank account from IG Markets, there is a required minimum withdrawal amount of AU$200 and it takes 3-5 business days for the funds to reach your account.
IG Markets typically does not charge deposit or withdrawal fees for bank transfers.
3) E-wallet (PayPal, BPAY): PayPal is another payment method you can use to add funds to your trading account on IG Markets. The minimum amount for this method is AU$100, deposits are usually reflected instantly on your trading account, and no fees apply.
BPAY requires a minimum deposit of only AU$10, and it takes 2 business days for the funds to be credited.
You can also withdraw to your PayPal wallet, the minimum amount to withdraw is AU$200, it takes 1 business day for you to receive the money and no fees are charged for withdrawing funds.
Note: CFD trading is risky
IG Markets Deposit Methods Table
The table below breaks down IG Markets’ funding methods with more details.
| Deposit Methods | Availability | Minimum Deposit | Charges | Processing time |
|---|---|---|---|---|
| Internet banking/bank transfers | Yes | AU$450 | Nil | 3 business days |
| Cards | Yes | AU$100 | 0.5%-1% for credit cards | Instant |
| E-wallet | Yes (PayPal) | AU$100 | 1% per transaction | Instant |
IG Markets Deposit Rules
1. Deposit Fees: IG Markets offer free deposits for deposits via bank transfers and debit cards. This means any amount you deposit will be reflected in your trading account without any deduction.
Deposits via credit cards incur a cost of 0.5% for Visa cards and 1% for Mastercard. PayPal deposits also attract deposit fee of 1% per transaction.
Note that although IG Markets does not charge deposit fee on some methods, your card issuer, bank or payment processor may charge an independent fee.
2. Deposit Time: Card deposits and PayPal deposits on IG Markets are credited instantly, bank transfer deposits take 3 business days to be credited. Although you can upload the bank transfer receipt (proof of payment) to have your transfer deposits credited faster.
3. Payment Source: All deposits on IG Markets must come from sources that belong to you, the bank account, card or e-wallet must be in the same name as the name on your trading account. IG Markets does not accept deposits from third parties.
How do I deposit money into my IG Markets account?
Step 1) Go to www.ig.com/au/login to sign in to your IG Markets trading account.
Step 2) Select the ‘Live Accounts’ tab and choose the trading account you want to add funds to.
Step 3) Click on ‘Deposit funds’ and select a payment method you want to use.
Step 4) Enter the amount you want to deposit and submit to complete the deposit process.
Comparison Of IG Markets Minimum Deposit With Other Brokers
Here is a comparison of IG Markets minimum deposit with that of their competitors.
| Broker | Minimum Deposit |
|---|---|
| IG Markets | AU$100 |
| FXCM | AU$50 |
| CMC Markets | AU$0 |
| FBS | AU$50 |
| City Index | AU$150 |
| eToro | AU$50 |
Note: CFD trading is risky
IG Markets Australia Minimum Deposit FAQs
What is the minimum deposit for IG Australia?
AU$100 is the minimum amount you can deposit on IG Markets in Australia, this applies when you deposit using cards or PayPal. Bank transfers have a minimum deposit amount of AU$450, while BPAY only requires a minimum of AU$10.
How much does it cost to deposit in IG?
A$0, IG Markets does not charge any deposit fees, this applies to deposits via bank transfer and debit cards. PayPal incurs a deposit fee of 1% per transaction and credit cards are charged 0.5-1% fee. However, your bank, card issuer or payment processor my charge their own separate fee.
What is the minimum withdrawal from IG?
AU$200 is the minimum amount you can withdraw on IG Markets, this applies to all payment methods. It usually takes 1 business day to receive withdrawals to PayPal and 3-5 business days for withdrawals to cards and up to 3 working days for withdrawals to local bank accounts.
If you have less than AU$200 in your account, you are allowed to withdraw all of it at once.
How much does IG charge for withdrawal?
A$0, IG offers free withdrawals to bank transfers, cards and PayPal. Note that your payment processor, bank or card issuer may charge a fee, you should check with them.
How long does it take to withdraw funds from IG trading?
1-5 business days is the typical time it takes for you to receive funds after initiating a withdrawal, depending on the payment method used. It is 1 business day for e-wallet (PayPal), 2-5 business days for cards and up to 3 business days for bank transfers.
How do I withdraw money from IG market?
Log in to your IG Markets dashboard, click on the ‘Live Accounts’ tab, select the trading account you want to withdraw money from and click on ‘Withdraw Funds’ button. Next, choose the withdrawal destination and supply any necessary information, then input the amount you want to withdraw and submit the withdrawal request.
Is IG regulated in Australia?
Yes, IG Markets is regulated by the Australian Securities & Investments Commission (ASIC) under the name IG Markets Limited. If you are based in Australia, you can create an account on the IG Markets platform.
Note: Your capital is at risk