IMS Markets
Basic Information
Pros and Cons
Pros
- Minimum deposit of $50
- No deposit fees for transactions
- Processing time for deposits is 1-3 business days
- User-friendly deposit process
- Free of charge withdrawals
Cons
- Only supports wire transfer for deposits and withdrawals
- No cryptocurrency deposit options
- Withdrawal processing may take 1-5 business days
- Potential limits on withdrawal amounts
- Verification needed for larger withdrawals
IMS Markets Minimum Deposit
What Is Minimum Deposit of IMS Markets?
IMS Markets requires a minimum deposit of $50 to activate a live account, which is the lowest amount needed for trading. This deposit may differ based on the account type, such as Classic, Gold, or Premium accounts, and can also be influenced by local regulations. Generally, the minimum deposit can range from $50 to $1,000 or more, which may vary for beginners compared to professional traders.
Does IMS Markets Provide Deposit Bonus?
IMS Markets does not explicitly advertise deposit bonuses on its website. While some promotions may be available, any bonuses could depend on the account type, region, or specific promotional events. It is advisable to check the official promotions page or contact customer support for the latest information regarding potential deposit bonuses and their associated conditions.
Deposit and Withdrawal Methods
IMS Markets Deposit and Withdrawal
| Method | Currency | Fees | Processing Time |
|---|---|---|---|
| Wire Transfer | USD | Free | 1-3 business days |
| Wire Transfer | EUR | Free | 1-3 business days |
| Wire Transfer | GBP | Free | 1-3 business days |
Does IMS Markets Charge Deposit Fees?
IMS Markets does not charge deposit fees. All deposit methods are free of charge. This user-friendly approach ensures that traders can fund their accounts without worrying about additional costs.
Does IMS Markets Support Cryptos to Deposit?
IMS Markets does not support cryptocurrency deposits. Only fiat currency deposits are accepted; cryptocurrencies are not accepted. Traditional payment methods remain the primary option for clients.
How to Deposit from IMS Markets?
1. Log into your IMS Markets account by entering your username and password on the homepage. After logging in, you will be directed to your account dashboard.
2. Navigate to the ‘Deposit’ section, usually found in the account management menu. Click on it to proceed with the deposit process.
3. Select your preferred deposit method from the available options. For IMS Markets, you will be using Wire Transfer. Choose the currency you wish to deposit, such as USD, EUR, or GBP.
4. Enter the amount you wish to deposit, ensuring it meets the minimum deposit requirement of $50. Review the details you have entered to confirm they are accurate.
5. After confirming your deposit details, click on the ‘Submit’ or ‘Confirm’ button to process the transaction. You may receive a confirmation message indicating that your deposit request has been received.
6. Wait for the funds to be credited to your account. Processing time for wire transfers typically takes 1-3 business days. You can monitor your account balance to see when the deposit has been completed.
How to Withdraw from IMS Markets?
Withdrawal Steps
1. Log into your IMS Markets account by entering your username and password on the homepage. After logging in, go to the ‘Fund’ or ‘Wallet’ section and select ‘Withdraw’.
2. Choose your withdrawal method, which for IMS Markets will be a bank transfer.
3. Enter the required details, including your account number and IBAN.
4. Set the withdrawal amount, keeping in mind the minimum and maximum limits, and any potential fees.
5. Review your withdrawal request to ensure all details are correct, then submit the request.
6. Await any necessary verification, especially for larger sums that may require additional confirmation.
7. Track the status of your withdrawal, noting that transfers via bank may take 1-5 business days to process.
Withdrawal Limit and Problems
Withdrawal limits at IMS Markets can vary based on the withdrawal method and account type. There may be daily and monthly limits, and transaction limits can differ. Common issues faced during withdrawals include pending verification, incorrect details entered, exceeding withdrawal limits, or delays due to system maintenance. To mitigate these problems, ensure that your Know Your Customer (KYC) process is complete, verify that all recipient information is accurate, and, if issues arise, contact IMS Markets’ customer support for assistance.
Frequently Asked Questions
A1: IMS Markets requires a minimum deposit of $50 to activate a live account. This is the lowest amount needed for trading, but it may vary based on the account type and local regulations. For different account tiers such as Classic, Gold, or Premium, the minimum deposit can be higher.
A2: IMS Markets only accepts wire transfers for deposits. Clients can choose to deposit in USD, EUR, or GBP, and there are no deposit fees associated with this method. The typical processing time for deposits is between 1 to 3 business days.
A3: Withdrawals at IMS Markets are processed through bank transfers. Clients need to log into their account and select the ‘Withdraw’ option to initiate a withdrawal. The processing time for withdrawals typically takes 1 to 5 business days, depending on the amount and verification requirements.
A4: IMS Markets does not provide demo accounts for practice trading. Clients interested in trading must open a live account with a minimum deposit of $50. Therefore, potential users should be prepared for live trading conditions from the outset.
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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.