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Pocket ICMarkets Minimum Deposit of Each Account Type

ICMarkets minimum deposit is an important term that you need to know when participating in Forex trading on ICMarkets. ICMarkets deposit regulates the minimum deposit amount the first time you open an account so you can participate in trading. This is also a factor to ensure that you are capable of trading and trading safely at the exchange. To better understand the minimum deposit on ICMarkets, please join Learn Forex Trading by following the important information below.

Learn about ICMarkets Minimum deposit

This is one of the factors that helps attract the attention of Forex investors. Please refer to the information below to understand more about the above concept. At the same time, know how the minimum deposit applies to each type of trading account at ICMarkets.

What is the minimum deposit on ICMarkets?

K term refers to the minimum deposit amount of a trading account at ICMarkets. This is the minimum amount required for your account to be allowed to participate in trading. ICMarkets deposit depends on the type of trading account, usually accounts at ICMarkets will have a minimum deposit of 200 USD to start. When registering an account, there will be a step asking you to deposit money to ensure the account’s minimum deposit level.

ICMarkets minimum deposit of ICMarkets account types

Below is the ICMarkets minimum deposit level specified for each type of trading account on the exchange:

Raw Spread Account: This is an account type for traders who want to trade with low spreads. The minimum deposit for the Raw Spread account is 200 USD.
Standard account: This is an account type that is suitable for new investors. Account level 200 USD.
cTrader account: This is an account for investors who want to use more features, especially the copy trading feature. The minimum deposit for this account type is 200 USD or equivalent.

The role of ICMarkets deposit minimum

Make sure your account has enough capital to participate in Forex trading on ICMarkets. Minimum deposit plays an important role in determining the financial readiness of a trading account. Thereby improving the efficiency of investors’ trading journey.

Investors can determine whether they have enough capital to participate in the transaction. This has a direct impact on account strategy and risk management. They will help investors limit risks, ensure financial security, and avoid incurring debt.

Not only that, the minimum deposit also contributes to the reputation and safety of the entire transaction network. Because they ensure that every account has enough capital to make transactions. Thereby improving the efficiency and reliability of this Forex exchange. In short, ICMarkets minimum deposit plays a role in ensuring safety, and reputation and contributing to effective financial management of trading accounts.

See more: Instruct with an ICMarkets open account swiftly

Disadvantages of ICMarkets minimum deposit

Although it plays such an important role, there are still some disadvantages to note such as Limited investment capital, limited ability to choose accounts, imposing risk levels, financial capacity low, and difficulty carrying out a variety of transactions.

Explain the reasons for the disadvantages of ICMarkets deposit minimum

Limited investment capital: ICMarkets minimum deposit may be the cause of a trading account having limited investment capital. Therefore, if you want to make large-value transactions, this deposit level will be an obstacle.
Limited ability to choose accounts: According to regulations, ICMarkets supports users with three main account types: Raw Spread, Standard, and cTrader. Your trading needs will be limited by account limits and ICMarkets deposit.
Imposing a risk level: In the low case, it will lead to a situation where investors do not perform risk management. This can lead to great risks and serious financial losses.
Low financial capacity: ICMarkets’s current deposit level is 200 USD, not a small amount. Therefore, they have unintentionally created barriers, limiting low-finance investors from participating in the exchange. Partly it will limit the trading market in the future. Therefore you cannot choose ICMarkets max lot size easily.
Difficult to conduct a variety of transactions: low ICMarkets deposit level is the main reason leading to limited transactions. You may have difficulty making many transactions at the same time, especially large-value transactions.

ICMarkets deposit bonus program

The ICMarkets deposit bonus program takes place from August 1, 2023 – August 31, 2023. The program offers a bonus of up to 10% of the value of ICMarkets minimum deposit for all accounts within Asia. Currently, ICMarkets is in the top 5 reputable Forex trading exchanges in the world. ICMarkets promotions are very rarely organized. ICMarkets is showing great interest and investing heavily in the potential market of Asia. So quickly register an account and deposit a minimum of 200 USD. To immediately receive 10% of the deposit value during the program!

How to deposit money in ICMarkets?

ICMarkets minimum deposit plays an important role, directly affecting trading ability and potential future opportunities. So how to deposit money into the exchange to participate in trading? Please follow the steps below to understand the process of depositing money into your ICMarkets account!

See more: Why is ICMarkets one of the best trading exchanges?

Step 1: Log in to your trading account on ICMarkets

Go to the ICMarkets website: https://www.icmarkets.com

Or the exchange’s download software then choose to log in to your trading account. If you do not have an account, follow the steps to register one according to ICMarkets’ instructions.

Step 2: Proceed to deposit/deposit money into your trading account

On the left side of the screen, click “Deposit” to start depositing money into your account.

Select deposit to start depositing money

Step 3: Choose the deposit method that best suits you

There are three main deposit methods, commonly used to deposit money:

Deposit by credit card: In this case, you need to provide some basic information. Such as Credit card number, CVC code, and expiration date. Then enter the amount you want to deposit into your ICMarkets account to participate in trading. Note that the minimum deposit amount is 200 USD. Click “Continue” to complete the deposit process.
Deposit money by bank transfer: In this case, you need to select the currency. Prefer to use the base currency corresponding to the account. Then provide the relevant information requested on the home screen. Then access and log in to your bank account to make a deposit transfer.
Deposit money using e-wallet: In this case, you just need to enter the amount you want to deposit. Note that the minimum amount that can be deposited is 200 USD. Then log in to your E-wallet account to authenticate depositing money into your ICMarkets account.

Choose the deposit method of ICMarkets minimum deposit

Step 4: Provide deposit account information and complete the process

Finally, you need to provide some additional necessary information related to the deposit account. Then click “Continue” to complete the deposit process into your account. Note that the deposit/withdrawal process is very simple. In case you accidentally deposit more than the desired amount, you can still easily transfer that amount back to your account.

Epilogue

ICMarkets minimum deposit plays a very important role in every trading account. It not only indicates trading ability but also supports effective risk management. Therefore, quickly register a trading account and deposit money. For a chance to immediately receive 10% of the deposit card value during the golden hour of the ICMarkets deposit bonus program. Learn Forex Trading wishes you smooth and successful transactions. In addition, you can refer to ICMarkets autochartist here!