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Funding Your Account

 

Funding Your Account

Below is a snapshot of the different payment methods you can use to fund your account

Payment Method Timeframe Transaction Cost CAD USD
Online Bill Payment 24 business hours Free tick
Wire Transfer 24 business hours $15 levied by CMC Markets’ bank for domestic wires tick tick
Bank Drafts/Certified Cheque 24 business hours Please speak with your bank tick tick
Electronic Funds Transfer (EFT) 3 full business days Free tick tick
Personal Cheque* 5 full business days Free tick tick
Transfer from CIBC to CIBC 24 business hours Please speak with your bank tick tick

* US demonimated Personal Cheques drawn from a Canadian institution take 16 full business days to clear, longer for those drawn from a US institution

We cannot accept any other payment methods. If you send funds through any other method, we will need to return them to you, which can cause unnecessary delays and charges. In order to facilitate your funding without delay, please see below for the list of payment method we will not be able to accept.

  1. Cash
  2. Credit Card
  3. Third Party payment – a 3rd Party is anyone other than the beneficiary name on CMC Markets Account
  4. Direct Deposits by cheque or cash into CMC Markets’ bank accounts
 
Contact Us

CFDs are distributed in Canada by CMC Markets Canada Inc. as dealer and agent of CMC Markets UK plc. CMC Markets Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and Member CIPF. CFDs and FX are highly speculative and can involve a high degree of risk. Investors in CFDs and FX should be prepared for the risk of losing their entire investment and losing further amounts. Trading accounts are available to Accredited Investors only. CMC Markets will not open accounts except in jurisdictions in which it is registered or exempt from registration. CMC Markets is an execution only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their investment decisions. CMC Markets will not determine an investor’s general investment needs and objectives or the suitability of a proposed purchase or sale of a security. Contact us for further details.
* CMC Markets is remunerated for its services from the spread between bid and ask prices. ** Forex market operates over-the-counter from Sunday 4pm EST - Friday 5pm EST. *** Examples used are for illustrative purposes only and not to be misunderstood as a recommendation. Real market conditions will vary the results