All Share (J203) = 89 519
Rand / Dollar = 18.20
Rand / Pound = 23.52
Rand / Euro = 19.79
Gold (usd/oz) = 3 023.65
Platinum (usd/oz) = 976.40
Brent (usd/barrel) = 72.13
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

1Market Minimum Deposit

1Market Minimum Deposits
The 1Market Minimum Deposit is $250. This is equal to R3,860 ZAR at the time of writing. This is very high when compared to other broker minimum deposit fees, making it less accessible to beginner and smaller retail traders.

 

Account TypeMinimum Deposit
📊 Standard Account$250 (3,860 ZAR)
📊 ParagonEx Mini Account$500 (7,700 ZAR)
📊 ParagonEx Standard Account$1,000 (15,460 ZAR)
📊 ParagonEx Gold Account$5,000 (77,280 ZAR)
📊 ParagonEx Platinum Account $10,000 (150,460 ZAR)
📊 ParagonEx Diamond Account$50,000 (770,280 ZAR)
📊 ParagonEx VIP Account$100,000 (1,545,730 ZAR)

 

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT5, ParagonEx WebTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

👉 Choose your quick section of our 1Market Minimum Deposit below.

 

1Market Minimum Deposit – 6 key points quick overview:

  1. ✔️Minimum Deposit
  2. ✔️Deposit fees and deposit methods
  3. ✔️Step by step guide to depositing the minimum amount
  4. 1Market at a glance
  5. 1Market Pros and Cons
  6. Freqeuntly Asked Questions

 

👉 Here is our overview of the 1Market Minimum deposit as well as the pros and cons as well as features that are offered to traders.

 

Minimum Deposit

👉 1Market charges a minimum deposit amount starting from 250 USD.

 

👉 This is equal to 3,860 ZAR, 216 EUR, and 180 GBP according to the current exchange rates between the South African Rand, Euro, and the British Pound against the US Dollar at the time of writing.

 

👉 1Market is well-regulated and authorized by CySEC in addition to several other entities through its parent company, Podora Limited. This provides 1Market with the necessary licensing to provide its comprehensive trading solutions to traders around the world, including the EEA.

 

👉 1Market is allowed to operate across EEA regions, which means that it must remain compliant with the strict requirements of MiFID. This includes keeping all client funds in segregated accounts with top-tier banks, separate from the broker account.

 

👉 In addition, 1Market must ensure that these funds are not used for operational purposes and must only be put towards carrying out trading activities. 1Market is a member of an investor compensation fund, providing eligible traders insurance if the broker goes bankrupt or it is otherwise unable to fulfil its financial obligations.

 

Deposit fees and deposit methods

👉 1Market does not charge any deposit fees according to the official website. When traders pay the minimum deposit amount of 250 USD (3,860 ZAR), they can use any of the following payment methods:

 

➡️️​ Credit Card

➡️️​ Debit Card

➡️️​ Bank Wire Transfer

➡️️​ Neteller

➡️️​ Sofort

➡️️​ Skrill

➡️️​ Paysafecard

➡️️​ Rapid Transfer

➡️️​ Fast Bank Transfer

➡️️​ Global Collect

➡️️​ Offline Bank Transfer

➡️️​ Online Bank Transfer through Volt (GBP only)

 

👉 When traders deposit the minimum deposit, they can use the following deposit currencies:

➡️️​ USD

➡️️​ EUR

➡️️​ GBP

 

👉 Traders must note that the time that it takes for funds to reflect in their trading account will depend on the payment method that they used.

 

Step by step guide to depositing the minimum amount

 

👉 Step 1: Visit the official 1market website:

Visit the 1market official website and locate the “register” tab.

open a 1market account step 1

 

👉 Step 2: Fill in all the required details.

Fill in all your personal information to continue opening your account

open a 1market account step 2

 

👉 Step 3: Your account has been created.

After you account has been created you will now be able to deposit funds and start trading.

open a 1market account step 3

 

👉 Traders can do this by accessing the deposit/withdrawal option on their client portal, selecting their preferred payment method and the deposit currency, and entering the amount that they wish to deposit.

 

1Market at a glance

Broker's Name1Market
📍 HeadquarteredMarshall Islands
📅 Year Founded2021
⚖️ Regulating AuthoritiesCySEC, with regulation and licensing through other entities through the parent company, Podora Limited
🌐 Countries not accepted for tradeUnited States
☪️ Islamic Account (Swap Free)Yes
👍 Demo AccountYes
👍 Institutional AccountsYes
📊 Managed AccountsNo
📈 Maximum Leverage1:30 (Retail), 1:400 (Professional)
💰 Minimum Deposit$250 (3,860 ZAR)
💳 Deposit OptionsCredit Card
Debit Card
Bank Wire Transfer
Neteller
Sofort
Skrill
Paysafecard
Rapid Transfer
Fast Bank Transfer
Global Collect
Offline Bank Transfer
Online Bank Transfer through Volt (GBP only)
💳 Withdrawal OptionsCredit Card
Debit Card
Bank Wire Transfer
Neteller
Sofort
Skrill
Paysafecard
Rapid Transfer
Fast Bank TransferGlobal CollectOffline Bank Transfer
Online Bank Transfer through Volt (GBP only)
💻 Platform TypesParagonEx WebTrader, MetaTrader 5
📱 OS CompatibilitySafari, Firefox, Opera Mini, Internet Explorer, Chrome, Linux, Windows, macOS, Android, iOS
📈 Tradable AssetsForex
Commodities
Indices
ETFs
Stock CFDsZero-Commission stocks
👨‍💼 Languages supported on WebsiteEnglish, German, Spanish, French, Thai, Indonesian, Italian, Polish, Turkish, and several others
👥 Customer Support LanguagesMultilingual
📆 Customer Service Hours24/5
🚀 Open a account👉 Click Here

 

1Market Pros and Cons

✔️ Pros❌ Cons
Client fund safety is prioritisedExtremely high minimum deposit requirement
Flexible funding optionsLimited deposit currencies
Negative balance protection applied
There are no deposit or withdrawal fees charged
Well-regulated by several entities

 

You might also like: 1Market Review

You might also like: 1Market Account Types Overview

You might also like: 1Market Demo Account – Step by Step

You might also like: 1Market Fees and Spreads

You might also like: 1Market Islamic Account Overview

 

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT5, ParagonEx WebTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Freqeuntly Asked Questions

 

What is the minimum deposit required to open an account with 1Market?

$250 (3,860 ZAR).

 

How do you make a deposit and withdraw money with 1Market?

You can use any of the following methods:

  • Credit Card
  • Debit Card
  • Bank Wire Transfer
  • Neteller
  • Sofort
  • Skrill
  • Paysafecard
  • Rapid Transfer
  • Fast Bank Transfer
  • Global Collect
  • Offline Bank Transfer
  • Online Bank Transfer through Volt (GBP only)

 

Does 1Market charge withdrawal fees?

No, 1Market does not charge any withdrawal fees. However, some payment methods may charge processing fees that 1Market cannot be held liable for.

 

How long does it take to make a withdrawal?

This will depend on the withdrawal method, but some can take up to 5 working days, such as Bank Wire Transfer.

5/5 - (5 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

March 2, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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