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5 Best Forex Brokers Accepting Credit/Debit Cards for 2024

Searching for the top forex broker accepting credit and debit cards? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Jitan Solanki
Reviewed By:
Aviva Gurevich
Updated: Jul 21, 2024

List of Top Forex Brokers Accepting Credit and Debit Cards

Best brokers for US traders

Visa, Mastercard, and Discover for deposit and withdrawal. Zero trading commission. No deposit and withdrawal fees. Elite Trader Program cash rebates. Advanced proprietary trading tools.

Deposit and withdrawal via Visa and Mastercard. Zero deposit, withdrawal, platform, and routing fees. Wide range of futures markets. Easy-to-use futures trading app.

Best brokers for international traders

Well-regulated. Deposit and withdraw via Visa and Mastercard. Zero fees for withdrawals or deposits. Fund in 10 base currencies.

ECN, raw spread trading accounts. Deposit and withdraw via Visa and Mastercard. Fund in 6 base currencies. Zero fees for deposits.

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?

FXEmpire's Methodology

  • We confirmed that the broker is authorized 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

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    8977
  • Fees
    Low

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.

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

Best for Professional Traders

4.2
80.26% of retails CFD accounts lose money.
  • Min Deposit
    $100
  • Tradable Instruments
    10107
  • Fees
    High

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.

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

Best Low Spreads

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

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.

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

Best Overall in the US

OANDA corporation is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets.
  • Min Deposit
    $0
  • Tradable Instruments
    69
  • Fees
    Medium

Established in 1996, OANDA is an award-winning broker licensed by multiple Tier-1 regulators worldwide, including the CFTC and NFA. As a sponsor of the New York Red Bulls, OANDA demonstrates its robust presence in the market. OANDA US offers over 68 forex pairs, volume-based trading rebates, and an excellent range of trading platforms.

Key Features:

  • Accepts Visa, Mastercard and Discover
  • Accepted currencies include: USD
  • Instant processing time for deposits
  • Withdrawal processing time: 1 – 3 business days
  • Zero deposit and withdrawal fees
  • Additional payment options include: bank wire transfer and ACH

OANDA US provides an excellent trading experience for traders in the U.S. Over 68 forex pairs cover major, minor, and exotics for commission-free trading. In our live fee test, I found the spread for EUR/USD averaged 1.45 pips, slightly higher than the 1.0 pip industry average. Active users can receive cash rebates on their trades, cutting trading costs by 34%.

I was impressed with the number of feature-rich trading platforms OANDA US offers. This includes OANDA Web and Mobile, MT4, TradingView, MotiveWave, and Multicharts. MT4 and Multicharts are excellent for algorithmic trading, while TradingView is fantastic for social trading and sharing ideas.

The standout platform is OANDA Web. I found the built-in tools to be a game changer for forex traders. The market depth, order book flow, position ratios and built-in news aggregator indicators are an excellent addition to a trader’s arsenal. I found the position ratio indicator the most helpful as it identifies where most of the retail trading orders, providing insight into where the market could move.

Pros
  • Multiple third-party trading platforms.
  • Feature-rich proprietary platform.
  • Zero-commission forex trading.
  • Cash rebates.
Cons
  • Some of the trading platforms may overwhelm beginners.

Best Futures Trading Platform in the US

Trading with leverage comes with a high risk and may not be suitable for everyone.
  • Min Deposit
    $100
  • Tradable Instruments
    52
  • Fees
    Low

Established in 2008, Plus500 is a publicly traded company listed on the London Stock Exchange, licensed by multiple Tier-1 regulators worldwide, including the CFTC and NFA, and is a sponsor of the Chicago Bulls. The broker launched its Futures Trading App for U.S. residents in 2022, providing access to a decent range of futures markets with zero platform fees.

Key Features:

  • Accepts Visa and Mastercard
  • Accepted currencies include: USD
  • Instant processing time for deposits
  • Withdrawal processing time: 1 – 3 business days
  • Zero deposit and withdrawal fees
  • Additional payment options include: bank wire transfer and ACH

In our live test, I found the Plus500 Futures Trading app offers an excellent range of contracts and markets to trade on. This includes futures contracts on forex, crypto, metals, interest rates, equity indices, energy, and agriculture. There are zero platform and routing fees, with free market data from the app and web platform.

A standout feature of Plus500 US is its Futures Trading Academy. Geared toward beginner and intermediate traders, the videos cover all fundamental aspects of trading futures, such as strategies, terminology, and understanding of futures contracts. There are also well-written, in-depth educational articles covering various futures trading topics.

Pros
  • Well regulated.
  • Wide range of futures markets.
  • Extensive Futures Trading Academy.
  • Standard, mini, and micro contracts available.
Cons
  • Limited market research.

How to choose the best broker that 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. See our guides for the best lowest spread and best zero spread forex brokers.
  • 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 are based upon the interest rates of the currencies being traded and a broker markup. Discover Best low swaps forex brokers.
  • 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.

Read more about Best STP forex brokers and Best ECN forex brokers.

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.

Explore Best forex brokers with high leverage.

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. Read about Best MetaTrader 4 brokers
  • MetaTrader 5: An upgraded version of MT4, offering more technical features. Read about  Best MetaTrader 5 brokers.
  • cTrader: Acclaimed for its sophisticated charting tools and aimed towards high-frequency traders. Read about Best cTrader forex brokers.
  • 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.

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.

Check out our dedicated guide on Best forex trading platforms.

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 skeptical 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 has 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 this guide, I have used the insights from our research team and have further refined the list of brokers by evaluating the following factors, leaning on my 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 BlystoneBroker Analyst

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 SolankiBroker Analyst

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 StoyanovBroker Analyst

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 ZernovBroker Analyst

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 SolankiBroker Analyst

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.