IG Markets Minimum Deposit Summary
IG Markets Minimum Deposit R4,000
Deposit Methods Bank transfers, cards
Account Types IG Trading Account, IG Professional Account
Deposit Fees No Fee
Account Base Currencies EUR, USD, HKD, SGD, GBP AUD
Withdrawal Fees No Fee
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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.

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Note: CFD trading is risky

IG Markets Deposit Methods Table

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

Deposit Methods Availability Minimum Deposit Charges Processing Duration
Internet banking/bank transfers Yes R0 Free 3 business days
Cards Yes R4,000 Free 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 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.

Log in to IG Markets South Africa

Step 2) Select the ‘Live Accounts’ tab and choose the trading account you want to add funds to.

Deposit to IG Markets

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.

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Note: CFD trading is risky

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 R4,000
Octa R480
FBS R100
AvaTrade R1,950
HF Markets R100

IG Markets FAQs South Africa

What is minimum deposit in IG market?

R4,000 is the minimum amount you can deposit on IG Markets in South Africa, this applies when you deposit using cards. Bank transfers have no fixed minimum deposit amount.

How much does it cost to deposit in IG?

R0, 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?

R4,000 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?

R0, 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?

1-3 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 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.

Does IG charge a monthly fee?

Yes, IG Markets charges a monthly inactivity fee if you leave your account dormant for more than 24 months and do not place any trade. Your account will be charged a monthly fee of R150.

Can I use IG broker in South Africa?

Yes, you can create an account and trade on IG Markets platform in South Africa. IG Markets is regulated in South Africa by the Financial Sector Conduct Authority (FSCA) under the name IG Markets South Africa Limited as a financial service provider.

Does IG have a withdrawal fee?

No, IG Markets offers free withdrawals and do not charge a fee, this applies to withdrawals via bank transfers and cards. Keep in mind that your bank or card issuer may still charge an independent fee.

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Note: Your capital is at risk

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