| IG Markets Minimum Deposit Summary | |
|---|---|
| IG Markets Minimum Deposit | MYR 0 |
| Deposit Methods | Bank transfers, cards |
| Account Types | IG Trading Account |
| Deposit Fees | No Fee |
| Account Base Currencies | EUR, USD, HKD, SGD, GBP AUD |
| Withdrawal Fees | No Fee |
| Visit IG Markets | |
IG Markets minimum deposit in Malaysia is MYR 0. Depending on deposit methods, the minimum deposit might be higher.
This is a summary of the minimum deposit requirement on IG Markets in Malaysia, 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 MYR 0. Deposits via cards requires $50 (MYR 236). If you are using bank transfers for deposits, there is no fixed minimum amount.
IG Markets offer only one account type, that is, the Trading Account.
Accepted Deposit Methods on IG Markets Malaysia
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 RM236 ($50), the deposits are usually credited instantly to your trading account. No deposit fees are charged on debit cards, but credit cards incur a cost of 0.5%-1% per transaction.
Withdrawals to cards are supported on IG Markets, the minimum amount you can withdraw is RM710 ($150), 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, there is no mandatory minimum deposit amount bank transfer in Malaysia.
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 RM710 ($150) and it takes 24 hours for the funds to reach your account.
IG Markets typically does not charge deposit or withdrawal fees for bank transfers.
Note: CFD trading is risky
IG Markets Deposit Methods Table
| Deposit Methods | Availability | Minimum Deposit | Charges | Processing time |
|---|---|---|---|---|
| Internet banking/bank transfers | Yes | RM 0 | Nil | 3 business days |
| Cards | Yes | RM236 ($50) | 0.5%-1% for credit cards | 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.
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 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/en/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 | RM236 ($50) |
| Octa | RM100 |
| FxPro | RM236 (US$50) |
| HF Markets | RM50 |
| IC Markets | RM945 (US$200) |
| Plus500 | RM500 |
Note: CFD trading is risky
IG Markets FAQs
What is the minimum deposit for IG Malyasia?
RM236 ($50) is the minimum amount you can deposit on IG Markets in Malaysia, this applies when you deposit using cards. Bank transfers do not have a fixed minimum deposit amount.
How much does it cost to deposit in IG?
MYR O, IG Markets does not charge any deposit fees, this applies to deposits via bank transfer and debit cards. Credit cards incur deposit fees of 0.5% for Visa cards and 1% for MasterCard. However, your bank or card issuer may charge their own separate fee.
What is the minimum withdrawal from IG?
RM710 ($150) is the minimum amount you can withdraw on IG Markets, this applies to all payment methods. It usually takes 24 hours to receive withdrawals to bank accounts and 2-5 business days for withdrawals to cards.
If you have less than RM710 in your account, you are allowed to withdraw all of it at once.
How much does IG charge for withdrawal?
$0, IG offers free withdrawals to bank transfers and cards. 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 24 hours for withdrawals to bank accounts and it takes 2-5 business days for card withdrawals to be received.
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?
Yes, IG Markets is regulated by several financial authorities including Australian Securities & Investments Commission (ASIC), Financial Conduct Authority (FCA) in the UK and Bermuda Registrar of Companies under which Malaysian traders are registered.
Does IG have a minimum deposit?
Yes, IG Markets require a minimum deposit of RM236 ($50) if you are depositing funds through bank cards (debit/credit). Deposits via bank transfers do not have any fixed minimum deposit, you can deposit any amount you like, as long as your bank allows it.
Note: Your capital is at risk