Space Markets
Basic Information
Pros and Cons
Pros
- No deposit fees
- Multiple deposit methods available
- Instant processing for some methods
- Easy account funding procedure
- Clear withdrawal steps provided
Cons
- No support for cryptocurrency deposits
- Withdrawal processing times may vary
- Potential withdrawal limits apply
- Common issues with verification
- Customer support response times may vary
Space Markets Minimum Deposit
What Is Minimum Deposit of Space Markets?
The minimum deposit of Space Markets is the lowest amount required to activate a live trading account, which is typically set at R50. This amount may vary depending on the account type, including standard, ECN, or Islamic accounts, as well as local regulations. Generally, the range for minimum deposits can be from R50 to R100, with differences for beginner and professional traders.
Does Space Markets Provide Deposit Bonus?
Space Markets does offer a deposit bonus for its Space 100 account, which provides a 100% bonus on deposits. However, other account types do not offer any bonuses. Terms may vary, including minimum trading volumes and withdrawal limits, so it’s advisable to check the official promotions page or contact customer support for the latest information on bonuses.
Deposit and Withdrawal Methods
Space Markets Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Bank Transfer | ZAR | Free | 1-3 business days |
| Credit/Debit Card | ZAR | Free | Instant |
| E-wallet | ZAR | Free | Instant |
Does Space Markets Charge Deposit Fees?
Space Markets does not charge any deposit fees. All deposit methods are free of charge. This user-friendly approach simplifies the funding process for traders, allowing them to focus on their trading activities without worrying about additional costs.
Does Space Markets Support Cryptos to Deposit?
Space Markets does not support cryptocurrency deposits. Only fiat currency deposits are accepted; cryptocurrencies are not accepted. This means that users will need to use traditional payment methods to fund their accounts, which may cater to those who prefer conventional trading practices.
How to Deposit from Space Markets?
1. Log in to your Space Markets account: Start by visiting the Space Markets website and logging into your account using your registered email and password. Ensure you have access to your account before proceeding with the deposit process.
2. Navigate to the deposit section: Once you are logged in, locate the ‘Deposit’ option in your account dashboard. This is typically found in the main menu or under the ‘Account’ settings, allowing you to access various funding options.
3. Select your deposit method: In the deposit section, you will see a list of available deposit methods. Choose your preferred method, such as Bank Transfer, Credit/Debit Card, or E-wallet. Make sure to review the processing times and other relevant details associated with each method.
4. Enter the deposit amount: After selecting your deposit method, input the amount you wish to deposit into your Space Markets account. Remember that the minimum deposit is R50. Ensure that you enter this amount accurately to avoid any issues with the transaction.
5. Confirm your deposit details: Review all the details you have entered, including the deposit method and amount. Make sure everything is correct before proceeding. If necessary, you may need to agree to any terms and conditions regarding deposits or bonuses.
6. Complete the transaction: Click on the ‘Submit’ or ‘Confirm’ button to finalize your deposit. Depending on the method selected, you may receive confirmation prompts or notifications. For methods like bank transfers, keep an eye on your account balance, as it may take 1-3 business days for the funds to reflect, while other methods like credit/debit cards and e-wallets may process instantly.
How to Withdraw from Space Markets?
Withdrawal Steps
1. Log in to your Space Markets account: Start by visiting the Space Markets website and logging into your account using your registered email and password. Make sure you have access to your account before proceeding with the withdrawal process.
2. Navigate to the withdrawal section: Once you are logged in, locate the ‘Withdraw’ option in your account dashboard, typically found in the main menu or under the ‘Fund’ or ‘Wallet’ settings.
3. Choose your withdrawal method: In the withdrawal section, select your preferred withdrawal method, which may include Bank Transfer, Credit/Debit Card, or E-wallet. Each method may have different processing times and limits.
4. Enter the required details: Depending on the method selected, input the necessary information such as account number, IBAN, wallet address, or card digits.
5. Set the withdrawal amount: Specify the amount you wish to withdraw, keeping in mind any minimum or maximum limits that may apply, along with any associated fees.
6. Review your request: Carefully check all details entered, including the withdrawal method and amount. Ensure everything is correct before proceeding to submit the request.
7. Track the status of your withdrawal: After submitting, monitor your account for updates. For e-wallets, funds may arrive instantly to 24 hours, while bank transfers may take 1 to 5 business days.
Withdrawal Limit and Problems
Withdrawal limits at Space Markets can vary based on the chosen method and account type. Daily and monthly limits may apply, and these can differ across methods such as bank transfers or e-wallets. Common issues experienced by users include pending verifications, incorrect details provided during the request, or exceeding set limits. Maintenance delays can also impact the withdrawal process. To avoid complications, ensure you complete the KYC process, double-check recipient information, and do not hesitate to contact customer support if you encounter any issues.
Frequently Asked Questions
A1: The minimum deposit required to activate a live trading account with Space Markets is R50. This amount can vary based on the account type chosen, such as standard, ECN, or Islamic accounts, and may also be influenced by local regulations.
A2: Space Markets offers several deposit methods including Bank Transfer, Credit/Debit Card, and E-wallet. All deposit methods are free of charge, ensuring that traders can fund their accounts without incurring additional costs.
A3: To withdraw funds from your Space Markets account, log in and navigate to the withdrawal section. Select your preferred withdrawal method, enter the required details, and specify the amount you wish to withdraw. After reviewing your request, submit it for processing.
A4: Yes, Space Markets does offer demo accounts that allow traders to practice trading strategies without risking real funds. This is particularly beneficial for beginners looking to familiarize themselves with the trading platform and market dynamics.
A5: Space Markets does provide a deposit bonus specifically for the Space 100 account, offering a 100% bonus on deposits. However, other account types do not come with any bonuses, so it’s advisable to check the official promotions page for the latest details.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.