Best Forex Brokers Accepting Credit/Debit Cards 2019

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

If you want to trade using your credit or debit card, you’ll have to know the best brokers that accept this deposit method. FXEmpire has conducted in depth research into the Forex industry to discover the best Forex brokers that accept this payment method.

The brokers below represent the best Accepting Credit/Debit Cards Brokers.

Scroll for more details
BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
FP Markets
Visit Broker>

Your capital is at risk

ASIC

$100

1:500

IRESS, MT4, MT5

2005

DMA, ECN

Visit Broker>

Your capital is at risk

HotForex
Visit Broker>

Your capital is at risk

CySEC, DFSA, FCA, FSA, FSC, MiFID

$5

1:1000

MT4, MT5

2010

ECN, STP

Visit Broker>

Your capital is at risk

FBS
Visit Broker>

Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

Visit Broker>

Your capital is at risk

Alpari
Visit Broker>

Your capital is at risk

FSC

$5

1:1000

MT4, MT5

1998

ECN, STP

Visit Broker>

Your capital is at risk

FXTM
Visit Broker>

90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

ECN, STP

Visit Broker>

90% of retail CFD accounts lose money

Plus500
Visit Broker>

76.4% of retail CFD accounts lose money

ASIC, CySEC, FCA, FSB, ISA, MAS

$100

1:30

Plus500

2008

No dealing desk

Visit Broker>

76.4% of retail CFD accounts lose money

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.

Here’s a list of The Best Accepting Credit/Debit Cards Brokers

Note: Not all Forex brokers accept US clients. For your convenience, we specified those that accept US Forex traders as clients.

FP Markets

Regulated By:ASIC

Foundation Year:2005

Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit:$100

Visit Broker

Your capital is at risk

Your capital is at risk

Multiple payment and withdrawal methods are available with FP Markets including Credit/debit cards. Charges depend on the method of transaction used as well as the trading platform. FP Markets covers costs for the MT4 and MT5 fees.

Major debit/credit cards are accepted. These are VISA, Mastercard and China Unionpay. Card transactions are usually processed instantly. For withdrawals using cards, it takes 4-5 business days. Deposits on the IRESS platform attract a charge of 1.6% of amount in AUD or 3.18% of amount in foreign currency. There are no charges on the MT4 and MT5 platforms.

HotForex

Regulated By:CySEC, DFSA, FCA, FSA, FSC, MiFID

Foundation Year:2010

Headquarters:Spyrou Kyprianou 50, Irida 3 Tower, 10th Floor, Larnaca 6057, Cyprus

Min Deposit:$5

Visit Broker

Your capital is at risk

Your capital is at risk

Bank Transfers, Credit/Debit cards as well as eWallet Payments are accepted for deposits and Withdrawals. HotForex does not charge for deposits and most transactions are processed within 10 minutes. Withdrawal takes 24 hours to process and charges come from the payment provider rather than from HotForex themselves who do not charge.

Visa/Maestro and Master Cards: The minimum transaction amount is $5 while the maximum is $10,000 for Visa/Maestro and $7,500 for Mastercard. Deposits are usually instant but can take up to 10 minutes. Withdrawals take 2-10 business days.

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

Visit Broker

Your capital is at risk

Your capital is at risk

Credit/debit card, Neteller, SticPay, Skrill, Perfect money and Bitwallet are the acceptable payment options. There are withdrawal fees payable.

Credit/Debit Card: Visa and Master cards are accepted. A deposit commission of 3.6% is charged but FBS reimburses the commission leaving the client to pay 0% charges. The withdrawal commission is $1.

Alpari

Regulated By:FSC

Foundation Year:1998

Headquarters:Mauritius

Min Deposit:$5

Visit Broker

Your capital is at risk

Your capital is at risk

Alpari International offers a wide variety of funding options across a wide range of currencies using the likes of credit and debit cards, bank wire transfer, Neteller, Skrill, VLoad, FasaPay, Pakistani Local Transfers, Online Banking Malaysia/Vietnam/Thailand and many more.

Visa and Mastercard are available are available for deposits, commission free.

Visa, Mastercard and Maestro credit cards are available for withdrawal fees which are highlighted on Alpari website.

FXTM

Regulated By:CySEC, FCA, FSC

Foundation Year:2011

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

Min Deposit:$10

Visit Broker

90% of retail CFD accounts lose money

90% of retail CFD accounts lose money

FXTM has an extensive deposit/withdrawal system, which includes credit and debit cards, e-wallets, bank wires and crypto deposits. Deposits are all free of charge. For withdrawals, Credit and debit cards face a 2 EUR/ 3 USD/ 2 GBP charge and are usually processed within the same business day.

Credit cards include MasterCard, Maestro and VISA.

Plus500

Regulated By:ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year:2008

Headquarters:Building 25, MATAM, Haifa, Israel

Min Deposit:$100

Visit Broker

76.4% of retail CFD accounts lose money

76.4% of retail CFD accounts lose money

Plus500 offers swift and secure channels for deposits and withdrawals including debit/credit cards, bank transfer and e-wallets which include Paypal and Skrill. Conversion fees are passed on to the trader and there are some charges for withdrawals.

Debit/Credit Cards: MasterCard and VISA debit/credit cards are accepted for deposits and withdrawals. The minimum transaction amount is $100. If a client chooses to withdraw a lesser amount, $10 will be charged. Withdrawal takes 1-3 days to complete.

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.

Read More:

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US