Generally, the minimum deposit requirement depends on several factors:
- Account type
- Payment method
- Margin requirements
Account type
Each trading account type has its features and specifications; i.e. minimum deposit required, spreads, available instruments, execution types, commissions, etc. The choice of account depends on your trading preferences.
You can start trading on the real Forex market with a deposit of $200 and have access to the most number of trading instruments on Advantage or Advantage Plus accounts.
Create a trading account
Read more about our different trading accounts: What is the difference between the Advantage and Advantage Plus accounts?
Payment methods
Different payment methods or systems have different minimum deposit requirements. You can see all Payment solutions FXTM offers in the Deposit section.
Margin requirements
Margin is the amount needed to open a new order. You'll need to have enough margin on your account to keep your positions open.
The margin required to open a new position depends on the account leverage, trading volume, and the leverage applicable to the trading instruments that you'd like to trade.
For instance, the minimum deposit on an Advantage account is $200. However, if you'd like to buy 3 lots of CRUDE, you would need to deposit $795, as explained in the example below.
Example of Margin requirement calculation
A client would like to trade 3 lots of Crude at an opening price of $73. The maximum floating leverage we offered for Crude is 1:500.
Notional value = Crude price * Contract Size * Trading Volume
In this example, the notional value for 3 lots of Crude = $73*1000 * 3 lots = $219,000
Margin Required = (100,000 / 500) +(119,000/200) = $795
How much can my second deposit be?
Once you've made your initial deposit and activated your trading account, you're welcome to deposit any amount you'd like. Depending on your account type and location, maximum deposit amounts may apply. If you'd like to deposit more than the stated maximum deposit, you'll need to make the deposits in separate amounts.
Do I need to deposit funds in a demo account?
On demo accounts, you'll be given virtual funds to practice forex trading, so you're not required to deposit any real funds to use on your demo account. If you run out of virtual funds, you can add more practice funds from your dashboard.
