Best Credit/Debit Cards Forex Brokers 2019

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

HotForex

Regulated By:

CySEC, DFSA, FCA, FSA, FSC, MiFID

Foundation Year
2010
Headquarters:

N/A

Min Deposit
$5
Visit Broker

Your capital is at risk

FBS

Regulated By:

CySEC, IFSC

Foundation Year
2009
Headquarters:

N/A

Min Deposit
$1
Visit Broker

Your capital is at risk

Alpari

Regulated By:

FSC

Foundation Year
1998
Headquarters:

N/A

Min Deposit
$null
Visit Broker

Your capital is at risk

FXTM

Regulated By:

CySEC, FCA, IFSC

Foundation Year
2011
Headquarters:

FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit
$10
Visit Broker

Your capital is at risk

Plus500

Regulated By:

ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year
2008
Headquarters:

Building 25, MATAM, Haifa

Min Deposit
$100
Visit Broker

80.6% of retail CFD accounts lose money

FP Markets

Regulated By:

ASIC

Foundation Year
2005
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

Credit/Debit Cards Forex Brokers Comparison Table

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Broker
Rating
Regulations
Headquarters Country
Foundation Year
Min Deposit
Max Leverage
Trading Platforms
Publicly Traded
Restricted Countries
Trading Desk Type
Currencies
Commodities
Indices
Stocks
Cryptocurrency
ETFs
Bonds
Futures
Options
Mutual funds
Deposit
Withdrawal
commission on trades
fixed spreads
OS Compatibility
Mobile trading
promotions
Visit Broker
CySEC, DFSA, FCA, FSA, FSC, MiFID

Cyprus

2010

$5

1:1000

MT4, MT5

No

Canada, North Korea, Sudan, Syria, United States

ECN, STP

Yes

Yes

Yes

Yes

Yes

No

Yes

No

No

No

Credit Card, FasaPay, iDeal, Neteller, QIWI, Skrill, Sofort, Union Pay, Webmoney, Wire Transfer

Credit Card, cryptocurrencies, FasaPay, iDeal, Neteller, QIWI, Skrill, Sofort, Union Pay, Webmoney, Wire Transfer

No

No

N/A

N/A

No
Open Account

Your capital is at risk

CySEC, IFSC

Russian Federation

2009

$1

1:3000

MT4, MT5

No

Russian Federation, United States

ECN, No dealing desk, STP

Yes

No

No

No

Yes

No

No

No

No

No

Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer

Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer

No

Yes

N/A

N/A

No
Open Account

Your capital is at risk

FSC

Mauritius

1998

$null

1:1000

MT4, MT5

No

United States

ECN, STP

Yes

Yes

Yes

Yes

No

No

No

No

No

No

Credit Card, FasaPay, Neteller, OKPay, Skrill, Webmoney, Wire Transfer

FasaPay, Neteller, OKPay, Skrill, Webmoney, Wire Transfer

Yes

Yes

N/A

N/A

No
Open Account

Your capital is at risk

CySEC, FCA, IFSC

Cyprus

2011

$10

1:30

MT4

No

Belize, Japan, United States

ECN, STP

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

Credit Card, Neteller, QIWI, Skrill, Webmoney, Wire Transfer

Credit Card, cryptocurrencies, Neteller, QIWI, Skrill, Webmoney, Wire Transfer

Yes

No

Desktop platform (Windows), Desktop platform (Mac), Web platform

Android, iOS

No
Open Account

Your capital is at risk

ASIC, CySEC, FCA, FSB, ISA, MAS

Israel

2008

$100

1:30

Plus500

Yes

Afghanistan, Albania, Algeria, Angola, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Burkina Faso, Burundi, Cambodia, Canada, Cape Verde, cayman-island, Cayman Islands, Cayman Islands, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Denmark, Djibouti, Dominica, Dominican Republic, Dubai, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iceland, India, Indonesia, Iran, Iraq, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Niger, North Korea, United States

No dealing desk

Yes

Yes

Yes

Yes

Yes

Yes

No

Yes

Yes

No

Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer

Credit Card, Moneybookers, PayPal, Skrill, Wire Transfer

No

Yes

Desktop platform (Windows), Desktop platform (Mac), Web platform

Android, iOS

No
Open Account

80.6% of retail CFD accounts lose money

ASIC

Australia

2005

$100

1:500

MT5

No

Japan, New Zealand, Niger, North Korea, United States

DMA, ECN

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

No

Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer

Credit Card, FasaPay, Neteller, PayPal, Skrill, Wire Transfer

No

No

N/A

N/A

No
Open Account

Your capital is at risk

Introduction to Forex Brokers Accepting Credit/Debit Cards

Credit card forex brokers are those forex brokers that include the option of using credit and debit cards to deposit and withdraw funds from a forex trading account. The commonly used cards are those issued by MasterCard, VISA, Diner’s Club, American Express, China UnionPay, and a host of others.

Why Use Credit/Debit Card as your Deposit/Withdrawal method?

Before the advent of credit/debit cards as transaction methods on forex platforms, traders had to depend on bank wires to deposit funds into their accounts, or withdraw profits from their accounts. This method was slow, subject to a lot of paperwork, and users had to cope with all manner of restrictions imposed by bank regulators. For instance, some countries have limits on how much foreign currency could be transferred into or out of the country. These restrictions took the joy out of trading forex.

But once the credit card forex brokers came on stream, things changed. With credit/debit cards, transactions became faster and less cumbersome. It became possible for a trader to deposit funds on Monday, trade on Tuesday and Wednesday, and withdraw profits on Thursday, just in time to catch the weekend groove on Friday to Sunday. Some brokers also offer options that allow the issuance of specialized prepaid cards which could be used for shopping on merchant sites using withdrawals from forex accounts.

Benefits of Choosing a Broker That Accepts Credit Card

There are several benefits.

  • Speed of Transactions: Deposits made with credit cards to a forex account are processed instantly. So you can actually spot a market opportunity at 8am with no money in your trading account, deploy your credit/debit card at 8.01am, and by 8.05am, you are already trading that position. You cannot do this if a bank wire is your only means of transaction.
  • Card verification processes make it safe to use your card for deposits.
  • Credit card brokers also issue specialized prepaid cards that can be used for shopping and at POS terminals.
  • Speed and ease of withdrawals is guaranteed.

How to Pick a Decent Credit Card Forex Broker

Nearly all brokers in forex now offer credit cards as a means of transaction, but many of them do not serve users in certain countries. The issue here for the trader, is picking a credit card forex broker which serves the trader’s country of residence. Talking to the customer service desks of the various credit card forex brokers will enable the trader sift out the good one(s). Of course equally important is working with a regulated broker. This will bring you protection in the form of an investor compensation scheme should the broker become insolvent, broker security and transparency too in the form of segregated bank accounts for clients and the company.

Credit Card Chargeback on Broker Account

Some traders have had issues with brokers forcefully taking deposits on credit card details that have been stored on file. Though not common in forex, it may happen occasionally. The trader has a powerful tool which can be used to reverse this: the credit card chargeback. Where money has been taken by the broker from the trader’s credit card, a chargeback process can be used to dispute this transaction. There are rules to the chargeback process. The trader should check with the credit card company to know what is allowed or not allowed within the context of the chargeback process.

Conclusion

As outlined above there are many benefits to depositing funds using your debit or credit card. So how can you know which of these brokers to work with? We’ve narrowed the options down to a list of the very best and most trusted brokers, compiled from our objective user reviews and independent study.