How to Deposit
How to Deposit
Depositing funds into your account – FAQ
1. How do I deposit?
Funding your account is quick and simple. There are various payment methods at your disposal. Simply choose whichever method you prefer and follow the steps below to make a successful deposit.
2. Is depositing safe and secure?
Yes, depositing money into your account is absolutely safe, private and secure. All transactions are communicated using Secure Socket Layer (SSL) technology, ensuring that your personal information is kept safe.
3. Payment methods and limitations
For your convenience, we’ve provided a range of payment methods.
4. What is the minimum First Time Deposit?
Depending on your region and country regulations, the minimum first-time deposit varies from $200 to $10,000. To view your required minimum deposit, simply click “Deposit Funds,” and the minimum required amount will appear in the “Select Amount” box. Please note: Unverified accounts are limited to a total deposit amount of $2,250. In order to upgrade your account to Verified status, please contact Customer Service. MOYO reserves the right to change any of the deposit limitations indicated, at any time. When registering a corporate account, a minimum first-time deposit of $10,000 is required.
5. Why can't I deposit using a payment method under another person’s name (3rd party payment)?
MOYO does not allow third-party payments. A third-party payment is a deposit made using a payment method that is not in the same name as the owner of the MOYO account. As stated in our terms and conditions, the owner of the trading account should be the owner of the funds. Therefore, there is no option to make a deposit using someone else’s payment method. However, if you wish to use a method of payment belonging to your spouse or another first-degree family member, we can set up a joint account for you. This must be set up PRIOR to depositing with the 3rd party payment method. This means that both parties will be allowed access to deposit/withdraw funds, however, only the account owner will be permitted to trade. You will be asked to provide identification documents, a proof of your relation (such as marriage certificate/ birth certificate), as well as to complete our joint account form. If you do use a third-party payment method without a joint account, your account will be limited until the third-party funds can be refunded. Please note that your account might be closed if we are not able to refund the full amount.
6. How do I deposit by credit/debit card?
To deposit using a credit/debit card, please click the “Credit Card” option from the drop-down menu, and enter the following details:
CVV (3 digits on the reverse side of your credit/debit card)
Within minutes, your account should be credited with the funds. If your request is not approved for any reason, you will be notified via email.
7. Can I deposit from a Business Account?
Please be advised that using any corporate method of payment to deposit into a personal MOYO trading account is against our terms and conditions. We can, however, offer you the option to open a corporate trading account. Depending on whether your business is a sole proprietorship, partnership or corporation, certain documentation will be requested to set up the Business trading account. If your PayPal account is not linked to a real business, and you wish to continue to use this for depositing, please downgrade your account to a premium or personal account through PayPal.
8. Is there a minimum for deposits made after the First Time Deposit?
Yes. All deposits other than the First Time Deposit (which varies from country to country) are required to be at least $50. For deposits made by wire transfer, the minimum required is $500.