Understanding the essential rules for deposits, withdrawals, and internal transfers is crucial for efficiently managing your trading accounts. Adhering to these guidelines will help you avoid delays, reduce potential issues, and enhance your overall experience when funding your accounts.
Here are the key rules to keep in mind:
Deposits
To start trading, you need to create and fund a trading account. Each new account requires an initial deposit, with the minimum amount varying based on the account type.
Each payment system has specific conditions, including deposit limits, processing time, and verification requirements. It is advisable to check your AMarkets account for available payment methods, as some options may be temporarily unavailable due to maintenance.
General Rules
- The Deposit menu in your AMarkets account displays available deposit methods. To use any method, verify your account.
- Standard accounts require a minimum deposit of $100 to start trading.
- ECN and Zero accounts require a minimum deposit of $200 to start trading.
- After the initial deposit, you can make subsequent deposits of any amount, as long as they meet the minimum requirement of your selected payment method.
- All deposit methods must be in your name and match the name of your AMarkets account. Third-party transactions are not allowed.
- Deposits and withdrawals must be made using the same currency and payment method. Choose your deposit currency carefully.
Withdrawals
There are several important rules to consider when withdrawing funds from trading accounts:
- When withdrawing funds, it is necessary to maintain the proportion rule. If funds were deposited using a bank card or an electronic payment system, withdrawals must be made using the same methods and in the same proportions. Any trading profits will also be distributed proportionally based on the amounts previously deposited through different payment systems.
- Withdrawal methods must be registered in your name and match the name of your AMarkets account. Withdrawals to third-party payment methods are not permitted.
- Before withdrawing funds, all deposit methods must be verified in your AMarkets account. You can withdraw funds to any verified card, provided that all cards/payment systems used for deposits have been verified.
- The maximum amount that can be withdrawn at any given time is equal to the free margin of your trading account.
Commissions
AMarkets does not charge any commission on deposits. If a payment system applies a commission, it will be automatically reimbursed. If your bank charges an additional fee for card deposits, you can submit a request for reimbursement through your AMarkets account.
You can find information about withdrawal commissions here.
Processing Time
The processing time for deposits depends on the selected payment method, as indicated in the AMarkets account. Deposits via cards are credited within up to 30 minutes*, while deposits via cryptocurrencies/electronic payment systems are instant.
Withdrawal requests are processed by the finance department within 24 hours.
*The crediting time may be extended due to various reasons.