Funding and withdrawals FAQs
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How do I fund my account?
How to fund your account - CAD
To complete your bank account registration, please ensure sufficient funds are available in the account you wish to link. You can verify this by making a small deposit via online bill pay.
Once you've confirmed the funds are available, kindly provide one of the following documents for verification purposes:
Bank statement
Void check
Direct deposit form
The document you submit should clearly display your bank account number, transit number, and full name.
You can fund your account through the following options. Please ensure that any payment you make to fund your account is from an account in your name. Any payments made into a personal trading account must also be from a personal bank account. Likewise, any payments made into a corporate trading account must only come from a corporate bank account. Any payment from third party sources will be returned.
Payment method | Charges | Timeframe | Method |
---|---|---|---|
Online Bill Payment | Nil | 1-2 business days | Through your online banking |
Wire Transfer | $15 levied by CMC Markets’ bank for domestic wires* | 24 business hours | Through the bank |
*Additional charges from your bank may also apply.
Note:
- Charges will be deducted from the payment amount and net proceeds credited to your trading account. We do not accept any credit card payments.
- If funding received does not match the currency of the account, a delay in processing will occur.
- Any payments made before 11am EST will be received within 1 business day.
How to fund your account - USD
You can fund your account through the following options. Please ensure that any payment you make to fund your account is from an account in your name. Any payment from third party sources will be returned.
Payment method | Charges | Timeframe | Method |
---|---|---|---|
Electronic Funds Transfer (EFT)* | Nil | 5 full business days hold | Upload documents via through web platform* Email: clientmanagement@cmcmarkets.ca |
Wire Transfer | $15 levied by CMC Markets’ bank for domestic wires** | 24 business hours | Through the bank |
*You must have EFT set up in your account before this feature can be utilized. EFT requests received before 11am EST may be processed same-day.
**Additional charges from your bank may also apply.
Note:
Do I need to deposit any funds to activate my account?
You can sign in to your account as soon as your application has been successful and you have clicked on the verification link sent to your registered email address. However, you won’t be able to place a trade unless there are sufficient funds in your account to open a position. If you prefer to test strategies in a risk-free environment, our free demo account will allow you to practise trading with virtual funds.
Need further support? Contact us