Minimum Deposit

What Is a Minimum Deposit?
A minimum deposit is the amount of money a broker requires a trader/investor to deposit into a new brokerage account. This amount varies from broker to broker, and depends on the account type being opened. However, the minimum deposit amount is always required to cover the costs associated with opening an account, as well as the maintenance of the account thereafter. Depending on the account type, minimum deposit amounts can range anywhere from as little as nothing- $0.00, and upwards to hundreds of thousands of dollars. Although this is a large range between deposit amounts, most well-known brokerages offer their everyday clients a minimum deposit amount of between $500 and $2000. The wide range in minimum deposit amounts has various aspects and features involved with each range of amount. Below, let’s look at the different minimum deposit requirements and what type of account is associated with each.

Are you looking for online brokers with a minimum deposit of $250? Follow the link and get the list of brokers with a minimum deposit of $250.

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$1 – $10 Minimum Deposits
Binary Options brokers tend to offer traders base level accounts with very low minimum deposit requirements. However, opening an account with such a low balance will restrict what you can do with it. As well, often times the more you deposit the better bonuses and access you will have to certain account features. So, even though a brokerage may have a very low minimum deposit, it is often in your best interest to deposit more.

$100 – $250 Minimum Deposits

Brokers offering anywhere from $100 – $250 minimum deposits are much more likely to be a better suit for beginner traders. The amount is low enough for a beginner to start trading responsibly, and high enough for them to actually test out the platform. As well, many brokerages with minimum deposits in this range can offer one of their base level accounts with enticing bonuses.

$500 – $1000+ Minimum Deposits
Again, with this amount of a minimum deposit, traders will be entitled to some of the premium features a broker has too offer. Including a certain percentage of bonuses, access to premium assets, training courses, risk free trades and more.

$10,000 – $100,000 + Minimum Deposits
Brokers offering account types with this level of deposit amounts will offer various premium benefits to their high-profile members. Investors can expect to receive very large bonuses as well as a certain number of risk free trades, VIP membership, personalized brokers, trading robots, faster withdrawal speeds and more.

Minimum Deposit Methods
Deposit methods are much the same for most brokers. Some common methods include; Bank Wire Transfer, major credit/debit cards (Visa, MasterCard, Maestro), numerous e-wallets such as PayPal, Qiwi, Yandex, Neteller, UKash, iDeal, Skrill, and Moneybookers. Also, traders can sometimes use various cryptocurrencies to deposit funds. Some of these include; Bitcoin, Litecoin, Ethereum, Monero, BitcoinCash, Dash, Primecoin, and Reddcoin. These methods vary from broker to broker, but are common methods in the industry.