CMC Markets Minimum Deposit

CMC Markets’ minimum deposit is CAD 0. There is no minimum deposit required for all account types. Four live CFD trading accounts are offered by CMC Markets apart from their professional and institutional accounts.

The minimum deposit for the professional accounts are definitely higher. It is important that you know this. In this article, we provide a guide on CMC Markets trading accounts and how you can fund your your account.

How Much is CMC Markets Minimum Deposit in Canada?

The Canadian broker have no minimum deposits. However, their trading accounts come with separate trading conditions.

These conditions are essential to know as they affect your trading costs. So beyond minimum deposit, let us look at these accounts briefly.

1) Next Gen Account

Minimum deposit for the account is CAD 0. This account allows you to go long or short on forex, indices, commodities, shares, and treasuries. It is available only on CMC Markets Next Gen trading platforms.

Spreads begin from 0.0 pips and you will pay a minimum commission. The commission applies to shares CFDs only and it begins from CAD 10 Canadian shares and $10 for US shares.

You can open a demo account to practice and premium guaranteed stop loss order (GSLO) is available at a fee. It the order is not triggered, all of the fee will be refunded.

The Next Gen account also supports advanced trading order

2) MT4 Account

The minimum deposit for the MT4 Account is CAD 0 . As the name implies, you can only open this account on MT4.

This account does not offer all of CMC Markets’ range of CFDs in Canada. Only 200+ trading instruments which include forex pairs, indices, commodities, and cryptos are available.

Spreads are tight, beginning from 0.0 pips. Shares CFDs are not available on this account. Added to this account are advanced tools that help you manage risk and trade better.

Such tools include correlation matrix, alert manager, mini terminal, correlation trader, sentiment trader, etc.

Here is a general overview of CMC Markets trading accounts in Canada

3) FX Active Account

You need CAD 0 to open the FX Active Account.

Do you love to trade CFDs with pure price action? If yes, this account is designed for you. With low spreads beginning from 0.0 pips, you can trade the same instruments on the standard CFD Account.

Normal spread pricing applies to EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/JPY. On all other forex pairs, the spread is reduced by 25%.

You will pay zero commission on all instruments except for shares CFDs. The minimum commission is $10 and CAD 10 for US and Canadian shares respectively.

Canadian traders can open the FX Active Account on MT4 and the Next Gen trading platform.

GSLO premium fee is refunded if it the order is not triggered.

Does CMC Markets have a Recommended Minimum Deposit?

Though CMC Markets have no minimum deposit, they do suggest that you fund your account with at least CAD 100 to cover for margin requirements.

CMC Markets Deposit Methods and Required Fees

CMC Markets do not only have CAD-based account. They also allow you fund your account in Canadian Dollar (CAD). There are two deposit methods supported by CMC Markets.

1) Online Bill Payment: You can fund your trading account via your online bank. Processing time takes 1-2 business days. No extra fees for this method.

2) Bank Transfer: You can send your funds to CMC Markets’ bank and it will reflect in your account after 24 business hours. CMC Markets’ bank will charge you $14 levy for domestic wires.

If you prefer funding your account in USD, three channels are available. Here is a short description.

1) Electronic Funds Transfer (EFT): Timeframe for your transaction is 5 full business days. You will have to contact CMC Markets’ Canada support to have a smooth experience. No extra charges.

2) Wire Transfer: You can send your funds to CMC Markets’ bank. Transaction timeframe is 24 business hours. CMC Markets’ bank will charge you $14 levy for domestic wires.

3) Personal Cheque: You can mail a cheque to 100 Adelaide St W, Suite 2915, Toronto, ON, M5H 1S3. No extra commission for this method. Processing timeframe is 5 full business days hold.

Note: There might be extra fees charged by your payment service provider when you fund your account. These fees are separate from the ones charged by CMC Markets.

CMC Markets Deposit Terms

1) Charges will be deducted from the amount you send. Net proceeds will be transferred to your trading account.

2) CMC Markets does not accept credit/debit card payments.

3) If your fund does not match your account’s base currency, a delay in transaction will occur.

4) If you send your EFT requests and it is received before 11am EST, your request may be processed same-day.

5) You must have EFT set up on your account to fund via EFT.

How to Deposit Money Into Your CMC Markets Account

1) On CMC Markets platform or mobile app, log in to your client area.

2) Look for the Funding tab on the left and click it.

3) Select your preferred funding method.

4) Enter necessary details and make sure they are correct.

5) Complete the funding of your account.

Comparison Of CMC Markets Minimum Deposit With Other Brokers

Here how other broker’s minimum deposit compare with that of CMC Markets.

Frequently Asked Questions