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.
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.
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.
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:
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.
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:
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.
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:
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.
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:
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:
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.
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:
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.
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:
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.
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.
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.
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.
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.
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.
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.
A reliable trading platform offers efficient tools for technical analysis, real-time data, clear fee structures, and excellent customer support. Popular trading platforms include:
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.
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:
You can find a detailed list of trustworthy brokers organized by jurisdiction here.
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.
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:
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:
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.
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.
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 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.
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.
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.
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.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.