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← Back to guidesFunding: USDT-first, with bank wire available
Key Takeaways
- USDT on-chain is our primary funding method — fast, transparent, low-cost.
- Bank wire transfers are available for larger amounts or institutional clients.
- No minimum deposit, but accounts require a $1,000 balance to start trading.
Why USDT?
USDT (Tether) is a stablecoin—a cryptocurrency that maintains a 1:1 peg to the US dollar. It's fast, transparent, and low-cost to transfer on blockchain networks. For forex traders who understand crypto, USDT is the easiest way to fund your account.
You can purchase USDT on exchanges like Kraken, Coinbase, or Binance, then send it directly to your Milton Prime deposit address on the blockchain network of your choice (Ethereum, Polygon, Arbitrum, or others).
Funding Steps
To fund your account with USDT:
- Log in to your Milton Prime account and go to the Deposit section.
- Select USDT and the blockchain network you prefer.
- Copy your unique deposit address.
- Send USDT from your crypto wallet or exchange to that address.
- Wait for blockchain confirmation (typically 1–5 minutes depending on the network).
- Your account balance updates and you're ready to trade.
Bank Wire Transfers
If you prefer bank transfers or need to deposit large amounts, bank wire is available for USD funding. Bank wires typically take 1–3 business days to process.
To initiate a bank wire, contact our support team for bank details and instructions. There may be wire fees depending on your bank, but Milton Prime does not charge additional deposit fees.
Bank wires are ideal for high-volume traders, institutions, or those who already hold USD and want to avoid cryptocurrency entirely.
Minimum Balance
There's no minimum to open an account, but you'll need a balance of at least $1,000 to place your first trade. This gives you enough buffer to absorb typical spreads and slippage without hitting a margin call immediately.
Your actual margin requirement depends on leverage. With 50:1 leverage (standard for forex), a $1,000 balance lets you control up to $50,000 notional exposure—roughly 5 micro lots.
No Deposit Fees
Milton Prime does not charge deposit fees. If you use USDT, you only pay minimal blockchain gas fees (usually under $1). Bank wire fees, if any, are charged by your bank, not by Milton Prime.
This keeps your funding costs transparent and predictable.