IG Markets Minimum Deposit

IG South Africa minimum deposit is R,4000.

This is a summary of the minimum deposit requirement on IG Markets in South Africa, 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 R4,000, 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 R4,000.

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 South Africa

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 R4,000, 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 R4,000, 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 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 no fixed minimum withdrawal amount for this method as well and it takes 3 business days for the funds to reach your account.

IG Markets typically does not charge deposit or withdrawal fees for bank transfers.

IG Markets Deposit Methods Table

Check the table below for a break down of IG’s funding methods in South Africa.

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 or card 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/za/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.

IG Markets FAQs South Africa