IG Markets Minimum Deposit Summary | |
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IG Markets Minimum Deposit | £250 |
Deposit Methods | Bank transfers, cards, E-wallets (Paypal) |
Account Types | IG Trading Account, IG Professional Account |
Deposit Fees | No Fee |
Account Base Currencies | USD, EUR, SGD, HKD, AUD |
Withdrawal Fees | No Fee |
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IG Markets minimum deposit is £250.
This is a summary of the minimum deposit requirement on IG Markets in the UK, 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 £250, this applies to deposits via cards and PayPal. If you are using bank transfers for deposits, there is no fixed minimum deposit, so you can deposit more than or less than £250.
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 UK
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 £250, 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 £100, 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, this method has no fixed minimum deposit, you can deposit any amount you like.
It usually takes 3-5 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 also no fixed minimum withdrawal amount 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): 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 £250, deposits are usually reflected instantly on your trading account, and no fees apply.
You can also withdraw to your PayPal wallet, the minimum amount to withdraw is £100, it takes 1 business day for you to receive the money and no fees are charged for withdrawing funds.
IG Markets Deposit Methods Table
Here is an overview of IG Markets’ funding methods.
Deposit Methods | Availability | Minimum Deposit | Charges | Processing time |
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Internet banking/bank transfers | Yes | £0 | Nil | 3-5 business days |
Cards | Yes | £250 | Nil | Instant |
E-wallet | Yes (PayPal) | £250 | Nil | Instant |
IG Markets Deposit Rules
1. Deposit Fees: IG Markets offer free deposits for all payment methods on the platform. This means any amount you deposit will be reflected in your trading account without any deduction.
Note that although IG Markets does not charge deposit fee, 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 3-5 business days to be credited. Although you can upload the transfer receipt 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/uk/login to sign in to your IG Markets trading account.
Note: 71% of traders’ accounts lose money with this broker
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 | £250 |
Vantage FX | £200 |
CMC Markets | £0 |
FBS | £50 |
FxPro | £100 |
HF Markets | £0 |
Note: 71% of traders’ accounts lose money with this broker
IG Markets UK Minimum Deposit FAQs
What is the minimum deposit for IG UK?
£250 is the minimum amount you can deposit on IG Markets in the UK, this applies when you deposit using cards or PayPal. Bank transfers have no fixed minimum deposit amount.
How much does it cost to deposit in IG?
£0, IG Markets does not charge any deposit fees, this applies to all the payment methods supported for deposits. However, your bank, card issuer or payment processor my charge their own separate fee.
What is the minimum withdrawal from IG?
£100 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 2-5 business days for withdrawals to cards and bank accounts.
How much does IG charge for withdrawal?
£0, IG offers free withdrawals to bank transfers, cards and PayPal. Note that you 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 by FCA?
Yes, IG Markets is regulated by the Financial Conduct Authority (FCA) in the UK under the name IG Markets Limited and is protected by FSCS (Financial Services Compensation Scheme) that will reimburse you up to £85,000 in the event that the broker defaults.
Note: Your capital is at risk