MasterCard Forex Trading Brokers in 2024

Written by Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 20, 2024

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Main features of the best MasterCard Forex brokers
Best Forex Brokers Accepting MasterCard
How to Deposit
How to Withdraw
Pros of Using MasterCard
Cons of Using MasterCard
Fees and Limits
MasterCard Chargeback
Security
Conclusion

Are you looking for regulated and trustworthy forex brokers accepting MasterCard? Our expert team of traders tested many forex brokers using real accounts and compiled a list with the best among them that accept MasterCard.

Below you can find a comparison table of forex brokers that accept deposits with MasterCard. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.

Main features of the best MasterCard Forex brokers

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IG
Min Deposit
$50
Trading Instruments
CFDs on Indices, Forex, Shares, Crypto, Futures, Commodities, Options, Interest Rates, Sectors, Bonds, Knock-out trading
Regulators
ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda)
Trading Platforms
MT4, L2 Dealer, ProRealTime, IG proprietary software
Spread
0.6 pips CFD trading; 0.165 pips DMA trading
Leverage
1:30
Deposit Methods
Visa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPal
Withdrawal Methods
Visa, Visa Electron, Mastercard, Discover, Bank Transfer
70% of retail client accounts lose money
EU customers can instantly deposit between $5 and $100,000 with their Mastercards. Withdrawals to Mastercard are capped at $50,000 per transaction and may take up to 7 business days in some cases.
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FP Markets
Min Deposit
$50 (AU$100)
Trading Instruments
Forex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDs
Regulators
ASIC, CySEC, FSA (Seychelles), FSCA
Trading Platforms
MetaTrader4, MetaTrader5, WebTrader, IRESS
Spread
1.0 pips Standard; 0.0 pips Raw
Leverage
1:30
Deposit Methods
Visa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to Broker
Withdrawal Methods
Visa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal
73.85% of retail investor accounts lose money
Mastercard deposits are instant and free ($50 minimum). Clients can fund their accounts in 13 currencies, including GBP, EUR, USD, AUD, and CAD. Mastercard withdrawals take 2 to 10 business days ($5 minimum).
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Fusion Markets
Min Deposit
$0
Trading Instruments
Forex, Commodities, Indices, Crypto, US Stocks
Regulators
ASIC, FSA (Seychelles), VFSC (Vanuatu)
Trading Platforms
MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade
Spread
0.9 pips Classic; 0.0 pips Zero
Leverage
1:30
Deposit Methods
Visa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire
Withdrawal Methods
Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple
74-89% of retail CFD accounts lose money
Fusion Markets has over 30 funding methods, including Mastercard. Clients can deposit instantly at no cost in AUD, CAD, EUR, GBP, SGD, and USD. $25,000 recommended deposit amount for Mastercard. Unsupported for withdrawals.
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Pepperstone
Min Deposit
$0
Trading Instruments
Forex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFs
Regulators
UK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA
Trading Platforms
TradingView, MT5, MT4, cTrader
Spread
From 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)
Leverage
1:30
Deposit Methods
Visa, Mastercard, PayPal, Bank Transfer
Withdrawal Methods
Visa, Mastercard, PayPal, Bank Transfer
75.5% of retail investor accounts lose money
Pepperstone offers free and instant deposits with Mastercard and Visa. Clients withdrawing to these cards receive their funds in 1 to 3 business days. No minimum limit on deposits.
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Eightcap
Min Deposit
$100
Trading Instruments
Forex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD's
Regulators
SCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)
Trading Platforms
MT4, MT5, WebTrader, TradingView
Spread
0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw Accounts
Leverage
1:30
Deposit Methods
Visa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, Pix
Withdrawal Methods
Mastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac
76.09% of retail investor accounts lose money
Free and instant deposits and withdrawals in 7 base currencies. Withdrawals take 2 to 5 days. Deposit limits from $100 to $20,000. No limit on Mastercard withdrawals. Unavailable to customers from Japan and China.
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Global Prime
Min Deposit
$0
Trading Instruments
Forex, Cryptocurrencies, Indices, Commodities, Bonds
Regulators
ASIC (No. 385620), VFSC (No. 40256)
Trading Platforms
MT4 Desktop, MT4 Webtrader, MT4 Android
Spread
0.9 pips Standard, 0.0 pips Raw
Leverage
1:500
Deposit Methods
Visa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, Crypto
Withdrawal Methods
Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
74-89% of retail CFD accounts lose money
Supports free Mastercard deposits and withdrawals in USD, AUD, GBP, EUR, SGD, CAD, and JPY. Withdrawals start at $10 and take 1 to 5 business days to complete.
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XM Group
Min Deposit
$5
Trading Instruments
Forex, Stocks, Indices, Commodities, Thematic Indices
Regulators
FCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTC
Trading Platforms
MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ Multiterminal
Spread
From 0.0 pips (Zero Account), 0.6 pips (Standard and Micro Accounts)
Leverage
1:30
Deposit Methods
Visa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, Maestro
Withdrawal Methods
Visa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer
72.82% of retail investor accounts lose money
Visa and Mastercard are available to customers with verified accounts only. Minimum deposits and withdrawals start from $5. Mastercard withdrawals take 2 to 5 business days. Withdrawals cannot exceed the combined value of Mastercard deposits.
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easyMarkets
Min Deposit
$100
Trading Instruments
Regulators
CySEC (license no. 079/07), ASIC (license no. 246566), FSA (license no. SD056), and FSC (license no. SIBA/L/20/1135).
Trading Platforms
easyMarkets, MetaTrader 4, MetaTrader 5, TradingView
Spread
Leverage
1:30
Deposit Methods
Visa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer
Withdrawal Methods
Visa, Mastercard, JCB, Amex, Skrill, Neteller, Fasapay, Sofort, iDEAL, Web Money, BPay, Bank Transfer
71% of retail investor accounts lose money
Mastercard is available to all easyMarkets clients, with few exceptions. Minimum deposits start from $25 for all account types. No minimum withdrawal amount for Mastercard. Withdrawals may take 3 to 10 business days.
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Axi
Min Deposit
$0
Trading Instruments
Forex, Stocks, IPOs, Indices, Commodities, Cryptocurrencies
Regulators
ASIC, FCA, CySEC, DFSA, FSA (Saint Vincent and the Grenadines)
Trading Platforms
MT4 Desktop, MT4 WebTrader, Axi Mobile
Spread
From 0.0 pips (Elite and Pro Accounts), 0.9 pips (Standard Account)
Leverage
1:30
Deposit Methods
Visa, Mastercard, Bank Transfer, Neteller, Skrill, AstroPay, Fasapay, Przelewy24, Boleto, Pix, Bitcoin, Ethereum, Ripple, Litecoin, Tether, Stellar
Withdrawal Methods
Mastercard, Visa, Bank Transfer, Przelewy24, Fasapay, Skrill, AstroPay, Pix, Boleto, Neteller, Bitcoin, Ripple, Ethereum, Litecoin, Tether, Stellar
The vast majority of retail client accounts lose money
Deposits with Mastercards range from $5 to $100,000 for EU customers. Withdrawals start at $5, with a ceiling of $50,000. Credit card users can deposit $50,000 per month at no cost.

Forex Brokers with MasterCard Compared Based on Leverage, Regulation and Trading Platforms

Broker	Min Deposit	Min Withdrawal	Max Leverage	Trading Platforms	Regulators	Trustpilot Rating
1. Fusion Markets	No minimum	$10	1:30 for ASIC Entity (1:500 for VFSC Entity)	MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade	ASIC (Australia, Licence №: 385620), VFSC (Vanuatu, Licence №: 40256), FSA (Seychelles , Licence №: SD096)	4.9
2. FP Markets	$50	$5	1:30 (Retail) 1:500 (Professional)	MetaTrader4, MetaTrader5, WebTrader, IRESS	CySEC (Cyprus, Licence №: 371/18), ASIC (Australia, Licence №: 286354), FSA (Seychelles, Licence №: ), FSCA (South Africa, Licence №: )	4.8
3. Pepperstone	No minimum	No minimum	1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA)	TradingView, MT5, MT4, cTrader	CySEC (Cyprus, Licence №: 388/20), FCA (United Kingdom, Licence №: 684312), ASIC (Australia, Licence №: 414530), FSA (Seychelles, Licence №: SD108)	4.7
4. Global Prime	$10	$10	1:30 (Retail) 1:500 (Professional)	MT4 Desktop, MT4 Webtrader, MT4 Android	VFSC (Vanuatu, Licence №: 40256), ASIC (Australia, Licence №: 385620)	4.4
5. eToro	$1 - $50 (varies in different jurisdictions)	$30	1:30 (FCA, ASIC, CySEC); 1:50 (FINRA); 1:500 (FSA)	eToro Investing, eToro App, TradingView, eToro CopyTrader	FCA (United Kingdom, Licence №: 583263), ASIC (Australia, Licence №: 491139), FSA (Seychelles , Licence №: SD076), CySEC (Cyprus, Licence №: 109/10)	4.2
6. XM Group	$5	$5	1:30 for CySEC and ASIC Entities (1000 for Other Jurisdictions)	MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ Multiterminal	CySEC (Cyprus, Licence №: 120/10), ASIC (Australia, Licence №: 443670), IFSC (Belize, Licence №: 000261/4)	2.2

MasterCard is one of the most popular credit card brands out there and it has become a top-tier banking solution for Forex traders all over the globe. Allowing for quick and convenient payments, MasterCard has become a staple in online transactions, supported by a wide range of platforms. As a Forex trader, MasterCard is one of the best services that you will have access to. Due to its popularity, this credit card type poses great interest to new users. Therefore, we will explore the major aspects of MasterCard and see how well it works with online Forex trading.

How to Fund Forex Account with MasterCard

Making a deposit to your Forex balance is not particularly difficult when using MasterCard. The whole process is simplified as much as possible, making it accessible and convenient at the same time. To make a MasterCard payment you will need the information printed on the card itself. This includes the 16-digit number on the front, the expiry date, your name, and the 3-digit CVV code on the back.

To make a deposit, you will have to find the Payments page on the broker’s website and under find MasterCard in the list of supported card types. After that, enter the card details we mentioned above and the sum you wish to deposit. When you confirm the payment, it will usually process instantly with the money appearing in your balance right away. It takes less than a minute and the broker may give you the option to store your card information to make further deposits even quicker.

How to Withdraw From Forex Account with MasterCard

When you are done trading or simply wish to take out part of your balance, you will have the option to withdraw your money with MasterCard. This procedure follows a similar logic as the one described above, so you should be familiar with how it works. Go to the Payments page and select the Withdrawal option. From there, find the MasterCard service and enter the amount you wish to take out of your balance.

The broker should have your credit card details, but if required, enter them again. When you confirm the transaction, the withdrawal request will then be reviewed by the website staff. This can take between 1 hour and 2 business days, depending on the platform. Only then will the payment be issued and you may have to wait between 1 and 5 business days for the transfer to clear. It is worth noting that you need to verify your identity before the broker will allow you to cash out.

Benefits of Using MasterCard for Forex Trading

Using MasterCard has become quite popular among Forex traders and with good reason. The service offers many advantages over other banking solutions and these will come in handy once you get into it.

By far, the most important advantage of choosing MasterCard is that this service enjoys almost universal support. As a result, you will be to use your MasterCard credit card at just about every Forex broker platform on the Internet. Regardless of which website you wish to trade at, you can rest assured knowing that your card will be accepted.

Additionally, you will also gain the benefit of instant deposits, allowing you to start making trades as soon as you confirm the payment. In comparison to more traditional transaction methods, such as bank transfers, this processing speed is a godsend. If efficiency and speed are your primary concerns, you will have no issue in using MasterCard.

Finally, credit cards are one of the most accessible payment methods in the world. Since every bank offers them in some capacity, you will be able to easily acquire one from your local branch. Additionally, you can shop around for the best deals by comparing offers from different banks.

Disadvantages of Using MasterCard for Forex Trading

Of course, it would not be right for us to sing the praises of this credit card type, without also making mention of the drawbacks inherent to it. As it happens, there are a few of them and you will no doubt be interested to know about them.

First and foremost, withdrawals via MasterCard are slow and can take some time to process. On average, a MasterCard withdrawal will take between 1 and 5 business days to clear and for the money to appear in your balance. In contrast, other payment services are able to process payments much faster, such as in the case with eWallets, where withdrawals are done within 1 hour once issued.

On the other hand, a payment with a credit card is not done with money your own. Rather, the bank gives you a loan, which you have to pay back eventually. In such scenarios, there is often interest involved and fees for overdrafts and late payments. If that sounds like too much trouble, you should consider debit cards or alternative services. As it happens, there are plenty of others at your disposal and you can read about them on our website.

Fees and Limits When Using MasterCard to Trade Forex

Of course, we also have to consider the cost of the service and how much you will be able to transact. However, since MasterCard is a service offered by multiple banks, offering precise numbers is quite difficult. Each bank has its own unique fee structure in place and likely, no two institutions charge the same amount. You should see the deals that the banks will provide you and look for the best possible offer. If you spend the time, you may end up saving quite a bit in the long run.

As for transaction limits, these are determined by both the banks and broker websites. Credit cards will only allow you to transact as much credit as the bank is willing to extend to you. This will depend on your own means and your relationship with the bank itself. As for the brokers’ end of things, transaction limits will vary between the different platforms and what standing you hold with each. The more you use a platform, the higher your standing and your limits will also likely be increased. Therefore, be sure to pick the right Forex broker from the get-go.

MasterCard Chargeback on Forex Account

If you ever become a victim of fraud while trading Forex, you have several ways to get your money back. Generally, the bank will not allow you to be scammed in any event. First, it is to be said that chargebacks should be used as a last measure, rather than the first option you go for. If you have the option to withdraw your funds via a normal way, you should take that rather than issue a chargeback request. If a withdrawal is not possible immediately, contact the support staff of the broker website to see what the situation is and only when this option has been exhausted should you attempt to chargeback.

Chargebacks are handled by the banks once you send the request. However, while you can issue a chargeback, the broker platform can dispute it. If it does, this can take some time to be resolved, in some cases weeks or months. Moreover, this will likely blacklist you from participating on that platform again. Therefore, we only recommend chargebacks in the direst circumstances.

Security When Trading Forex with MasterCard

The security of your funds and sensitive information should always be a top priority of yours. There is a lot of room for them to be misused on the Internet and you should also look to protect them. Luckily, there are ways to achieve this without much hassle.

For starters, all legitimate broker platforms employ some form of encryption to prevent outside individuals from gaining access to your information. This enciphers all data that you send to the broker, including your personal information and your credit card details. As a result, any potential wrongdoer will not be able to gain any benefit at all.

Additionally, you should also make use of MasterCard SecureCode if you have that feature at your disposal. When you confirm a payment with MasterCard, you will be asked to provide a one-time passcode or verify your fingerprint, depending on how you have set up the system. It is quite simple, but effective at protecting your money. Best of all, it requires little effort on your part.

Conclusion

All in all, MasterCard is a great banking method for new and experienced Forex traders. It is accepted at practically all platforms and allows for easy bankroll management. Moreover, you will be able to easily transact funds in either direction. The added security features also improve the service and we believe that you should seriously consider it.