Best Forex Brokers Accepting Credit/Debit Cards of 2023

Since 2011, we’ve traded with and reviewed over 200 brokers worldwide. To find the best brokers, accepting credit and debit card payments for you, we’ve dedicated over 50 hours per broker, exploring more than 250 factors across 9 key areas. We’ve then compared them to identify the top performers in various categories. With decades of combined experience, our team of trading experts provides reliable and trusted opinions.

By: Jitan Solanki
Reviewed By: FX Empire Editorial Board
Updated: Dec 4, 2023
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A debit or credit card is one of the fastest ways to fund your trading account. When new market opportunities arise, it is essential to trade with a broker that allows you to deposit funds quickly but without incurring too many costs.

Equally, we want to be able to access and withdraw our funds as quickly as possible and in the most cost-effective way. Unfortunately, many brokers don’t offer credit and debit cards as a way to deposit and withdraw funds and some of those that do offer them can have high fees.

Fortunately, our team of experts has identified and tested the top forex brokers accepting credit and debit cards. I have shared these findings with you below, along with my own personal trading experience, to help guide you on what to look for when choosing a broker. That way you can make a more informed decision.

List of Top Forex Brokers Accepting Credit and Debit Cards

Best brokers for US traders

Best brokers for international traders

  • FP Markets – Best Overall
    Well-regulated. Deposit and withdraw via Visa and Mastercard. Zero fees for withdrawals or deposits. Fund in 10 base currencies.
  • BDSwiss – Best for Beginners
    Extensive education and research materials. Deposit and withdraw via Visa and Mastercard. Fund in 3 base currencies with a low minimum deposit. Zero fees for deposit and withdrawals.
  • TMGM – Best for Professional Traders
    ECN, raw spread trading accounts. Deposit and withdraw via Visa and Mastercard. Fund in 6 base currencies. Zero fees for deposits.
  • FlowBank – Best for Tradable Instruments
    50,000+ tradable instruments. Fund in 23 base currencies. MT4, MT5, FlowBank Pro platforms. Monthly CFD rebates.
  • FXTM – Best MT4
    MT4 desktop, web and mobile. Deposit and withdraw via Visa and Mastercard. Fund in 3 base currencies. Zero fees for deposits.
  • AvaTrade – Best Low Spreads
    Zero fees for deposit and withdrawal. Low spreads, zero trading commissions. Deposit and withdraw via Visa and Mastercard. Fund in 4 base currencies.

How did FX Empire select the Best Forex Brokers Accepting Credit and Debit Cards?

  • We confirmed that the broker is authorised and regulated by a financial regulator for the best safety and security of funds.
  • We checked that each broker accepts credit and debit cards from Visa and Mastercard.
  • We checked the broker’s deposit and withdrawal transaction times for speed and efficiency.
  • We tested to see if there are any deposit and withdrawal fees to ensure we find brokers with zero or the lowest fees possible.
  • We ensured the broker accepts a range of well-known currencies to deposit and withdraw funds.
  • We opened a live trading account to check the fees in real trading conditions to ensure these are as low as possible.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

This analysis, along with my own personal trading experience, has led to the findings and research below for the best forex brokers accepting credit and debit cards for deposits and withdrawals.

Best Overall

This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2005, FP Markets is authorized and regulated by CySEC, FSCA and ASIC and has one entity that is unregulated. It is the best overall broker as you can fund an account in 10 different currencies with zero fees for deposits and withdrawals to trade on more than 800+ financial instruments using MT4, MT5 and IRESS trading platforms.

Key Features:

  • Accepts Visa and Mastercard
  • Accepted currencies: AUD, USD, GBP, EUR, CAD, CHF, HKD, SGD, NZD, JPY
  • Instant processing time for MT4/MT5, IRESS: 1 business day
  • Withdrawal processing time: 2 - 10 business days
  • Zero deposit, withdrawal or conversion fees
  • Additional payment options: bank wire transfer, Neteller, Skrill, PayPal, POLi, FasaPay and PayTrust88

FP Markets provides a great overall experience for traders. During my live test of the broker, I was particularly impressed with the number of trading platforms and trading tools available. This includes trading on MT4, MT5 and the IRESS trading platform.

While these platforms may seem more advanced, beginner traders should not shy away as they come packed with many beneficial features to assist in your trading. In fact, FP Markets also provides you with plugins such as Trading Central and AutoChartist. I enjoy using AutoChartist as it employs algorithms to identify real-time trading opportunities, which is a great way to save time on research and to aid your trading decisions.

With the ability to fund an account in 10 different currencies with zero deposit, withdrawal, or conversion fees, FP Markets is a top choice to consider for access to a wide range of markets, trading platforms, and tools at competitive pricing.

  • Extensive range of payment options.
  • Zero fees for deposits, withdrawals and conversions.
  • Trade from multiple platforms.
  • ECN trading accounts available.
  • Doesn’t feature a proprietary trading platform.

Best for Beginners

This website is for general information purposes only and is operated by BDSwiss AG. BDSwiss AG is the BDSwiss Group’s Holding Company domiciled in Grienbachstrasse 11, 6300, Zug, Switzerland. BDSwiss AG does NOT offer any financial products or services.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2012, BDSwiss is authorized and regulated by the FSA Seychelles and FSC Mauritius to trade on a wide range of markets from the MT4 platform. It is a top broker to consider for beginner traders looking for extensive educational materials to improve their trading performance, a good range zero fee payment options and low minimum deposit trading accounts.

Key Features:

  • Accepts Visa, Mastercard
  • Accepted currencies: EUR, GBP, USD
  • Instant processing time for deposits
  • Withdrawal processing time: within 24 hours
  • Zero deposit, withdrawal and conversion fees
  • Additional payment options: bank wire transfer, Neteller, Skrill, AstroPay, GlobePay and others

During the course of our live test, I found that BDSwiss offers a broad range of educational materials for beginner traders. This includes access to live trading webinars in multiple languages several times a week. These cover moving markets and strategies for trading them, along with a weekly market outlook.

Additionally, BDSwiss offers a substantial selection of educational videos covering a wide range of topics such as trading the news, the basics of risk management, the use of Fibonacci extension levels, and more. After viewing the videos, I was impressed with the presenter's level of knowledge, making them a worthwhile watch.

If you are a beginner trader, you may also like to know that with BDSwiss it’s possible to use a free demo practice trading account. Besides that, you can fund a real account with as little as 10 USD, EUR, or GBP. This is an excellent opportunity to test your skills in a low-risk environment until you feel confident enough to trade with larger funds.

  • Extensive educational materials.
  • Low minimum deposit.
  • Free practice trading account.
  • Fast payment processing times.
  • MT4 has a learning curve.

Best for Professional Traders


The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Investing in CFDs and Margined FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlining assets. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. It is important that you read and consider disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2018, TMGM is authorized and regulated by the VFSC, ASIC, FMA New Zealand and FSC Mauritius providing the ability to trade on 12,000+ instruments on the MT4 and IRESS trading platforms which are both great options for professional traders.

Key Features:

  • Accepts Visa, Mastercard
  • Accepted currencies: EUR, GBP, USD, AUD, CAD, NZD
  • Instant processing time for deposits
  • Withdrawal methods: only bank wire transfer or e-payment providers, 1 working day processing time
  • Zero deposit, withdrawal and conversion fees
  • Additional payment options: bank wire transfer, Neteller, Skrill, Wise and Revolut

If you are a professional trader looking for the best tools to elevate your trading, then TMGM could be an option for you. I found that you can trade on more than 12,000+ financial instruments from the MT4 and IRESS trading platforms.

Most of the instruments are available on the IRESS platform as this is a direct market access stock platform which gives you access to thousands of global stocks. It is designed for professional traders to view the order book and add liquidity to the market.

For currency trading, I enjoy the fact you can trade from the MT4 platform which comes pre-loaded with a range of trading tools and indicators. However, you can also access plugins from Trading Central such as its Featured Ideas tool which provides real-time trading ideas.

While testing the services, I also enjoyed the TMGM Market Sentiment Tool which is a product from Trading Central that provides daily sentiment from news articles, social media and blogs for a wide range of instruments. This is a great way to see how the ‘crowd’ is positioned to make more informed trading decisions.

  • Trade from MT4 and IRESS platforms.
  • Access 12,000+ financial instruments.
  • ECN and DMA execution accounts.
  • Trading Central add-ons.
  • No withdrawals to credit or debit cards.

Best for Tradable Instruments

CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work.
  • Min Deposit
  • Tradable Instruments
  • Fees

FlowBank was founded in 2020 and is authorized and regulated by Switzerland’s FINMA. If you’re looking for a Swiss bank that provides the largest range of instruments I have seen, then Flowbank could be a suitable choice for you. It offers more than 50,000 tradable instruments that cover various markets, including forex, stocks, indices, commodities, cryptos, bonds, futures and options.

Key Features:

  • Accepts Visa, Mastercard
  • Accepted currencies: USD, EUR, AED, AUD, CAD, CHF, CZK, DKK, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, SEK, SGD, THB, TRY and ZAR.
  • Instant processing time for deposits
  • Instant processing time for withdrawals
  • Zero deposit or withdrawal fees
  • Additional payment options include bank wire transfer

During our live test, I was impressed by the sheer number of tradable instruments, asset classes and financial products available to trade on. I found you can invest in real shares, trade leveraged CFDs, futures contracts and options. Here is a breakdown of tradable instruments:

  • 12,771 real stocks and ETFs from Europe, the US and Asia
  • 12,771 bonds
  • 41,627 options
  • 4,650 equity CFDs
  • 1,026 futures
  • 54 forex pairs
  • 49 cryptocurrencies
  • 34 commodities
  • 29 indices

If you are an active trader you may like to know that FlowBank provides monthly cash CFD rebates. If you have a trading volume between 50 - 200 million CHF in one month, then you can receive a rebate of 3 CHF per 1 million traded the next month. If you ended the next month with a trading volume of 200 million then you will receive a rebate of 600 CHF (200 * 3 = 600).

While there is a vast range of tradable instruments, I found they are all easy to access from the FlowBank Pro trading platform, which is primarily geared towards professional traders. However, you can also access the popular retail trading platforms, MT4 and MT5, to trade FlowBank’s CFD products.

  • 50,000+ tradable instruments.
  • Real shares, leveraged CFDs, futures, options.
  • MT4, MT5, FlowBank Pro platforms.
  • Monthly CFD rebates.
  • The sheer number of instruments may overwhelm some traders.

Best MT4


82% of retail CFD accounts lose money
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2011, FXTM provides a great offering to trade from the world’s go-to forex platform MetaTrader (MT4). Authorized and regulated by the UK FCA, CySEC and FSC Mauritius you can trade a wide range of major, minor and exotic currencies from the MT4 platform with zero fees for deposits.

Key Features:

  • Accepts Visa, Mastercard and Maestro
  • Accepted currencies: USD, EUR, GBP
  • Deposit processing time: 2 hours
  • Withdrawal processing time: the same business day
  • Zero deposit fees, 2 EUR / 3 USD / 2 GBP withdrawal fee, 1% conversion fee
  • Additional payment options: bank wire transfer, Neteller and Skrill

The MetaTrader 4 trading platform is considered to be the go-to forex trading platform. With FXTM’s MT4 offering, I found that you can trade currencies, indices and commodities from the desktop, web and mobile versions.

If you’re looking for the highest number of trading tools, functionality and customisations then the MT4 desktop version will be for you – it is my personal favourite! The MT4 desktop platform provides access to more than 80+ inbuilt technical indicators, 30+ drawing tools and multiple chart types with the ability to access algorithmic trading tools using Expert Advisors.

However, if you are a beginner trader you may find the MT4 web version or mobile app to be easier to use. I have found it offers less functionality, but does provide a fast and easy way to access charts and order tickets. I also find the MT4 app useful for managing positions while on the move.

  • Global regulation.
  • MT4 available on desktop, web and mobile.
  • Access MT4 algorithmic trading capabilities.
  • Zero deposit fee.
  • Withdrawal fees for credit and debit cards.

Best Low Spreads

71% of retail investor accounts lose money when trading CFDs with this provider
  • Min Deposit
  • Tradable Instruments
  • Fees

Established in 2005, AvaTrade is authorized and regulated by ASIC, CySEC, ISA, DBI, BVI FSC, FSCA, FSA Japan and the FSRA Abu Dhabi. You can trade more than 1,250+ markets from the MT4 and MT5 platforms with competitive trading fees and a good range of zero fee deposit and withdrawal methods.

Key Features:

  • Accepts Visa and Mastercard, excluding Canada
  • Accepted currencies: USD, EUR, GBP, AUD
  • Instant processing time for deposits
  • Withdrawal processing time: 1 - 2 working days
  • Zero deposit, withdrawal or conversion fees
  • Additional payment options: bank wire transfer and e-payment providers such as Neteller and Skrill (but not for Australian or EU clients)

If you’re looking for a broker that provides access to low fees, then AvaTrade may be an option for you. In our live fee test, I found the spread for EUR/USD during the London and New York session averaged 0.9 pips on its commission-free trading account which is below the industry average of 1.0 pips.

On top of low fees, there are no deposit, withdrawal or conversion fees. However, I discovered that only traders from the UK can deposit funds in GBP, and only traders from Australia can deposit funds in AUD. At the same time, regardless of your location, including the UK and Australia, all traders can deposit funds in USD or EUR.

  • Low spreads, zero commissions.
  • Zero deposit, withdrawal or conversion fees.
  • Trade from MT4, MT5.
  • Global regulation.
  • No credit or debit card options for residents in Canada.

How to choose the best broker which accepts debit/credit card payments?

When it comes to forex trading, choosing a trustworthy broker that accepts debit and credit card payments is important. This choice will enable you to manage your funds quickly and efficiently. Here are some important points to remember when deciding on a broker.

How do you choose a safe forex broker?

While there are many brokers available to trade with, not all of them provide the same level of safety and security. It is important to trade with brokers that are authorized and regulated by a financial authority. This will ensure the broker is complying with best practices regarding the holding of your funds and trade execution.

Some of the world’s top financial regulators include the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and many others.

There are brokers that will establish themselves in offshore jurisdictions where regulatory requirements and oversight are much lower. It is important to do your due diligence trading with these brokers. Check the regulator’s website for confirmation of a broker’s regulation and do an online search to check its reputation.

You can also explore our detailed guides on the best CySEC-regulated brokers, best ASIC-regulated brokers and best FCA-regulated brokers.

What fees should you be aware of when choosing a forex broker?

Every trade involves costs, usually in the form of spreads or commissions, hence finding a broker with affordable rates becomes important. While cost-effectiveness is significant, it shouldn’t compromise the reliability of the broker. You should understand the fee structure of the broker, considering factors like spreads, commissions, and swap/rollover fees, among others.

  • Spreads: This is the difference between the buy (bid) and sell (ask) price of a currency pair. Ideally, you want this to be as low as possible.
  • Commissions: Some brokers will offer trading accounts with lower spreads but charge a commission per trade. Again, you ideally want this to be as low as possible.
  • Swap/Rollover fees: These are charges or earnings for keeping a position overnight and is based upon the interest rates of the currencies being traded and a broker markup.
  • Deposit and withdrawal fees: Some brokers charge a fee to deposit and withdraw funds, while others will not charge any fees.
  • Inactivity fees: Some brokers may charge a fee if a trading account isn’t used for a while.

On top of checking the fees for credit and debit card deposits and withdrawals, it is worthwhile checking the fees for a broker’s other methods of payment such as bank transfers or e-wallets. See our guide on the best wire transfer forex brokers.

In my experience, if there are any issues with your credit or debit card, such as an impending expiration date, it’s comforting to know that there are alternative options to withdraw your funds.

What is the best type of forex account to trade with?

The ideal forex account differs for each trader. Most brokers will offer accounts aimed at beginner and professional traders. One could be a commission-free trading account while the other could be a commission-based trading account. Accounts with the most amount of features tend to have the highest minimum deposit.

It is wise to investigate each account type offered by a broker and all the features that come with the account to identify the one that suits your needs. With most brokers, you can also open a demo trading account to test the features and services of the broker before committing real funds.

What is the most optimal leverage to trade forex with?

Leverage allows traders to open a larger position using a smaller deposit. This helps to magnify any gains but also any losses. Brokers regulated by well-established tier-1 regulators such as the FCA, ASIC and CySEC have a regulatory requirement to offer retail traders a maximum of 1:30 leverage when trading forex.

This means you can open a position size 30 times bigger than the capital you put up. Brokers regulated by offshore financial authorities might offer higher leverage, up to 1:1000, due to more relaxed regulations.

Be careful with brokers who heavily advertise extremely high leverage. While it may seem like an attractive option, there’s a reason top-tier regulators limit leverage for retail traders – to promote responsible and safe trading.

What is the best forex trading platform to use?

A reliable trading platform offers efficient tools for technical analysis, real-time data, clear fee structures, and excellent customer support. Popular trading platforms include:

  • MetaTrader 4: Renowned for its robust technical analysis tools and algorithmic trading capabilities.
  • MetaTrader 5: An upgraded version of MT4, offering more technical features.
  • cTrader: Acclaimed for its sophisticated charting tools and aimed towards high-frequency traders.
  • Broker’s proprietary software: Some brokers provide their own platform.

While the MT4, MT5 and cTrader platforms are common among forex traders there is a steep learning curve in using them. Also, check if the broker offers their own proprietary web platform as that will be the easiest way to trade and will likely come with extra in-built trading features such as news and signals. Read more about each trading platform in our detailed guides on the best MT4 brokers, best MT5 brokers, and best cTrader brokers.

I personally like to trade with a range of different platforms and interchange between a broker’s web and desktop platforms. When choosing a platform, ensure it’s secure, reliable, and compatible with your device and, ideally, use a demo account for practice.

What to avoid when choosing a forex broker?

When it comes to choosing a forex broker, it’s important to be vigilant to ensure the safety and security of your funds. Here are some things you should be mindful to avoid:

  • Unregulated Brokers: Always choose a broker regulated by a well-known regulatory body. An unregulated broker is a significant risk as they aren’t accountable to any authority, making it harder for you to get justice in case of any discrepancies or fraudulent activities.
  • Unclear Fee Structures: Brokers should have a transparent fee structure, which includes spreads, commissions, and any fees associated with depositing or withdrawing funds. If the broker does not provide clear information about their fees, it could lead to unexpected costs later.
  • Poor Customer Service: A good broker should have a high-quality customer service system in place to address any issues or queries you might have. If the broker has a reputation for poor customer service, it could lead to frustrations and unresolved issues in the future.

You can find a detailed list of trustworthy brokers organized by jurisdiction here.

How to avoid forex and CFD scams?

Navigating the world of forex and CFD trading can be challenging, especially with the prevalence of scam brokers. However, there are effective ways to avoid such traps. Begin by choosing a broker regulated by a financial authority.

Be sceptical of brokers promising attractive deals or guaranteed returns, as these are red flags. Additionally, doing research about the broker, including reading reviews and customer experiences, can provide valuable information about their reputation.

It is also helpful to start with a demo account to understand the broker’s platform and services better. Lastly, always ensure that the broker uses secure payment gateways for debit and credit card transactions.

Our Methodology

As a leader in the broker review industry, the team at FX Empire have continually adapted our 250-data point checklist to suit the changes in the financial market industry. Our rating system analyses elements in nine core categories:

  • Trust
  • Fees
  • Platforms and tools
  • Tradable instruments
  • Customer service
  • Deposit and withdrawals
  • Account types
  • Research
  • Education

For selecting the best forex brokers accepting credit and debit cards, I have used the insights from our research team and have further refined the list of brokers evaluating the following factors, leaning on my own personal trading experience:

  • Fast deposit and withdrawal transaction time
  • Clear deposit and withdrawal fees
  • Wide range of currencies for credit and debit card deposits
  • Top-tier regulation
  • Low and clear trading fees
  • Accessible trading platforms

Through the research and analysis of these factors, I have provided a list of the top brokers accepting credit and debit card payments for you to explore.

Meet our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan Blystoneauthor

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan Solankiauthor

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen Stoyanovauthor

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir Zernovauthor

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Credit and debit card transaction fees can include a fee to deposit funds and withdraw funds. There may also be a currency conversion fee if you try to send US dollars to a British pound trading account so make sure you set up the correct account.
Many brokers will often charge no fees to deposit or withdraw funds. Of those that do, the fee could be a standard monetary amount such as $1 to $5, or a percentage amount of the funds such as 1-3%.
Additional costs a broker might charge when processing credit and debit card transactions could include conversion fees, particularly when the deposit currency differs from your account's base currency.
The typical limits for credit and debit card transactions vary greatly between brokers. This is because the region the broker is based in will make a big difference in how the card issuer sets the limits. Due to anti-money laundering rules, brokers may cap deposits and withdrawals to $10,000 per day.
The duration for processing credit and debit card transactions tends to vary among forex brokers. Generally, deposit transactions are almost immediate, while withdrawal transactions may take a few hours up to several business days. Making sure you are properly verified with a broker is important to speed things up.
Negative balance protection is a safeguard offered by some brokers to protect their clients’ accounts from going below zero. Without this protection, it's possible for an account to go into a negative balance if there are losses from trading that exceed the amount of funds in the account.
To confirm whether your broker offers negative balance protection, you should check the broker's website or contract terms. Brokers authorized by tier-1 regulators must provide a negative balance protection policy as a regulatory requirement.
A compensation scheme compensates clients of a broker up to a certain amount in the event the broker goes bust and defaults on their commitments.
Check the broker’s terms and conditions to see if they are part of a compensation scheme. Brokers regulated by tier-1 regulators have to provide access to a compensation scheme as a legal requirement.
A segregated fund is a separate account your broker uses to keep your money isolated from their own. That way client capital is not used for the broker’s business operations.
Check the broker’s terms and conditions, see what regulations they comply with, or just ask their customer service directly. Brokers regulated by tier-1 authorities are legally required to segregate client funds from their own.

About the Author

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.