Forex Brokers with Credit Cards

Written by Miro Nikolov

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: December 18, 2024

‹
• Jump to:
• Main features of the best Credit Cards Forex brokers
• Best Forex Brokers Accepting Credit Cards
• How to Deposit
• How to Withdraw
• Pros
• Cons
• Fees and Limits
• Chargeback
• Security
• Conclusion
›

Are you looking for regulated and trustworthy forex brokers accepting credit cards? Our expert team of traders tested many forex brokers using real accounts and compiled a list of the best trading sites where you can deposit with your credit card.

1. 

   Fusion Markets

   Rating: 4.9

   74-89% of retail CFD accounts lose money

2. 

   Axi

   Rating: 4.8

   The vast majority of retail client accounts lose money

3. 

   FP Markets

   Rating: 4.7

   73.85% of retail investor accounts lose money

4. 

   Pepperstone

   Rating: 4.6

   75.5% of retail investor accounts lose money

5. 

   Global Prime

   Rating: 4.5

   74-89% of retail CFD accounts lose money

6. 

   XM Group

   Rating: 2.9

   72.82% of retail investor accounts lose money

Further in this article, you can find a comparison table of forex brokers accepting credit/debit card deposits. We ranked them based on several factors, including regulatory background, spreads and commissions, Trustpilot rating, trading instruments, supported platforms, and available payment methods.

Main features of the best Credit Cards Forex brokers

1. TRADE NOW READ REVIEW
   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, TradingView

   Spread

   0.9 pips Classic; 0.0 pips Zero

   Leverage

   1:30 (1:500 for forex and metals via VFSC)

   Deposit Methods

   Visa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire, ZotaPay, VNPay, DuitNow, XPay, DragonPay, VAPay, FasaPay, AstroPay, PayID, Jetonbank, Sticpay, Interac, LuqaPay, Zotapay, MiFinity

   Withdrawal Methods

   Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple, MiFinity, Interac, PayPal, AstroPay, Jetonbank, DragonPay

   74-89% of retail CFD accounts lose money

   Fusion Markets enables swift deposits at no cost. Credit cards like Visa and Mastercard are accepted. $10 minimum deposit. Supported currencies include AUD, CAD, EUR, GBP, SGD, and USD.

2. TRADE NOW READ REVIEW
   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 (1:30 for ASIC entity)

   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

   Global Prime clients can deposit or withdraw via credit cards like Visa and Mastercard. $10 minimum deposit and withdrawal, $0 fees. Supported currencies range from USD to MYR. Cashout time: 1-5 business days.

3. TRADE NOW READ REVIEW
   eToro

   Min Deposit

   $50 or $100 based on country ($10 for the UK)

   Trading Instruments

   Crypto, CFDs on Forex, Stocks, Commodities, Crypto, ETFs, and Indices

   Regulators

   FCA, CySEC, ASIC, MFSA, ADGM, FSA, FINRA/FinCEN, AMF, SEC, GFSC

   Trading Platforms

   eToro Investing, eToro App, TradingView, eToro CopyTrader

   Spread

   1 pip

   Leverage

   1:30

   Deposit Methods

   eToro Money, Visa, Mastercard, Neteller, PayPal, Skrill, iDeal, Klarna, Bank Transfer, Trustly, Przelewy24

   Withdrawal Methods

   PayPal, Skrill, Visa, Mastercard, Neteller, Trustly, Bank Transfer

   51% of retail investor accounts lose money

   Visa and Mastercard are the credit cards eToro clients can use to deposit or cash out. $40,000 maximum on deposits. Other payment methods include digital wallets, online banking, and bank transfers.

4. TRADE NOW READ REVIEW
   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, POLi, iDEAL, Sofort, Giropay

   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

   Visa and Mastercard are the credit card brands available at Axi. EUR, USD, and PLN are supported. Deposit limits: $5-$100,000. Cashout limits: $50-$50,000. Instant processing, no fees.

5. TRADE NOW READ REVIEW
   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, FSA (St. Vincent and the Grenadines)

   Trading Platforms

   MetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingView

   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, PayPal, XPay, Rapyd

   Withdrawal Methods

   Visa, Mastercard, Bank Wire, Neteller, Skrill, Paytrust88, PayPal

   73.85% of retail investor accounts lose money

   Deposits and withdrawals can be conducted via Mastercard and Visa credit cards. Instant processing on MT4/5. Deposits take 1 business day on Iress. $0 fees. Supported currencies: USD, JPY, EUR, etc. Cashout time: 2-10 business days.

6. TRADE NOW READ REVIEW
   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, SCB (Bahamas)

   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, BPay, Neteller, Skrill

   Withdrawal Methods

   Visa, Mastercard, PayPal, Bank Transfer, BPay, Neteller, Skrill

   75.5% of retail investor accounts lose money

   Credit card deposits are done via Visa and Mastercard. Both are cashout-friendly. No fees. Instant processing (deposits), withdrawals take between 1 and 3 working days. Currencies: GBP, USD, EUR, CHF.

7. TRADE NOW READ REVIEW
   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, TradingView

   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, Apple Pay, BPAY

   Withdrawal Methods

   Visa, Visa Electron, Mastercard, Discover, Bank Transfer

   70% of retail client accounts lose money

   Accepted credit card brands include Visa and Mastercard, minimum deposits of $50 or more. 1% deposit fee (Visa), 0.5% deposit fee (Mastercard). $150 minimum withdrawal. $25,000 maximum withdrawal.

8. TRADE NOW READ REVIEW
   IC Markets

   Min Deposit

   $200

   Trading Instruments

   CFDs on Forex, Commodities, Index, Bond, Cryptocurrencies, Stock, Futures

   Regulators

   FSA (Seychelles), CySEC, ASIC

   Trading Platforms

   MetaTrader4, MetaTrader5, cTrader, ZuluTrade

   Spread

   0.8 pips Standard, 0.0 pips Raw Accounts

   Leverage

   1:30

   Deposit Methods

   Bank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna, Nuvei

   Withdrawal Methods

   Bank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, FasaPay, Poli, RapidPay, Klarna

   70.64% of retail investor accounts lose money

   IC Markets accepts deposits and cashouts via Visa and Mastercard credit cards. 5+ currencies are supported (USD, JPY, EUR, etc.). Instant deposits. Cashout time: 3-10 business days. The broker does not charge clients for deposits and cashouts.

9. TRADE NOW READ REVIEW
   Vantage FX

   Min Deposit

   $50

   Trading Instruments

   Forex, Indices, Commodities, Shares CFD, ETFs, Bonds

   Regulators

   FCA (license no. FRN: 590299), VFSC (reg. No. 700271), ASIC (license no. no. 428901), FSCA (license no. 51268), CIMA (no. 1383491)

   Trading Platforms

   MetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy Trading

   Spread

   1.1 pips on Standard Account; 0.0 pips on Raw, Cent, and Pro Accounts

   Leverage

   1:30

   Deposit Methods

   Visa, Mastercard, Union Pay, Boleto, Bank Wire, Skrill, Neteller, Crypto, POLi, FasaPay, Perfect Money, BPay, Pagsmile, AstroPay, JCB

   Withdrawal Methods

   Visa, Mastercard, Union Pay, Bank Wire, Skrill, Neteller, Crypto, AstroPay, Perfect Money, JCB

   Both Visa and Mastercard can be used for credit card deposits. Transactions are instant and have no fees attached. Available currencies: AUD, GBP, EUR, USD, SGD, JPY, NZD, CAD.

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

Used by over 1.2 billion people worldwide, credit cards give you instant access to more money but can also lead to financial troubles if you don’t keep a close eye on your bank balance. They are offered by just about every bank, so it is relatively easy to get one. However, if you plan on applying for a credit card, you should check your bank’s terms and conditions, along with the applicable charges. Read all terms listed in the application form to ensure there are no hidden fees or steep service taxes you are unwilling to pay.

Most credit cards have a fixed ceiling on spending and owners end up paying higher interest rates when spending over their credit limit. On the positive side, credit cards are widely accepted and easy to obtain and use. To apply for a credit card, you must simply visit a nearby bank branch, fill out the application form, and submit it to a bank clerk. Applicants generally need a good credit score to become eligible. If unsure what your current credit score is, you can conveniently calculate it using an online credit score estimator.

Many banks enable clients to submit their credit card applications online from the comfort of their homes. Credit cards can be used just about everywhere, from shops and gas stations to restaurants and car rentals. Many people prefer using credit cards for online purchases, paying bills and subscriptions, or depositing money on different websites. Millions of Forex traders use credit cards to fund their live trading accounts.

How to Fund Forex Account with Credit Card

Making a payment with a credit card is not particularly difficult. In fact, this is one of the simplest online payment methods, with millions of people using it on a daily basis. Furthermore, you will be hard-pressed to find an online forex broker that does not accept credit cards for deposits.

Forex trading sites strive to make banking easy and accessible for their entire customer base. While each website has its own peculiarities, the transaction process is similar across all brokers. To deposit with a credit card, you must access your live trading account with your login credentials and navigate to the payment section in the client area where you must select credit cards from the list of supported payment methods. You must then enter your preferred deposit amount and type in your credit card details, including its 16-digit number, expiration date, CVV/CVC number, and the name of the card holder.

Regulated brokers follow strict anti-money laundering and counter-terrorism financing policies, which prevent them from accepting payments from third parties. This is to say you can only use a credit card registered in your own name and cannot deposit with the card of a spouse, friend, or relative. In line with these requirements, many brokers will ask you to upload copies of the front and back of your credit card during the initial deposit process. This requirement is in place for verification purposes and aims to ensure you are the rightful owner of the card or payment method you used to deposit.

Double-check to ensure you have entered your card information correctly and confirm the transaction. Your preferred deposit amount will be posted in your account balance immediately in most cases, although you should allow up to one business day for the funds to reflect in your live balance.

How to Withdraw from Forex Account with Credit Card

When you initiate a withdrawal from your balance, you will find that the process is quite similar to depositing. Simply head over to the payments section in your account and select credit cards as your preferred withdrawal method. Enter the appropriate information, if required, and the amount that you wish to withdraw. It is important to note that most brokers automatically return withdrawals to the same payment method traders have used for deposits.

Once you send your withdrawal request, it can take some time for the broker’s financial department to review and confirm it. This review process can take one or two business days. When the department approves your withdrawal, it will take several more business days for the transaction to clear. This can range between 1 and 5 working days, depending on your bank and country of residence.

Something else to keep in mind is that you must verify your trading account before you can request a withdrawal. Identity verification involves uploading photos of a valid government-issued identity document (ID card, passport, driver’s license), recent utility bills, and photos of the front and back of the card. Ensure all information in your photos is legible to avoid further delays.

Benefits of Using Credit Cards for Forex Trading

Using a credit card comes with several benefits, which are the primary reasons why people choose them in the first place. There are many advantages that come with credit cards, but for now, we will focus on the main ones and give a brief rundown of each.

When you use a credit card for forex transactions, you can always rely on smooth and convenient payments. Credit card deposits are typically immediate, ensuring you never miss out on potentially lucrative trading opportunities. Credit card transactions are considerably faster than other commonly available payment solutions like the bank transfer, which takes several business days to process. Payments are often free as most brokers do not impose additional charges on card deposits. There are little to no transaction fees.

Initiating deposits and requesting withdrawals is incredibly straightforward with cards. All you have to do is enter the correct card information in the respective fields and confirm the payment. Many websites will allow you to save this data for your next deposit, so you only need to do it once. Most brokers accept Visa and Mastercard, so finding a reliable trading site where you can deposit and withdraw with your card should be relatively easy.

Disadvantage of Using Credit Cards for Forex Trading

Of course, credit cards are not the end-all, be-all of online transactions. For all their advantages, credit cards are not perfect and have some drawbacks you should also take into consideration. For instance, withdrawals via credit card are quite slow and can take several business days to process, based on your country of residence and your bank. Some payment solutions like Skrill, PayPal, and Neteller allow for considerably faster withdrawals. The slow processing times are something that you will have to get used to if you wish to withdraw with credit cards.

Another negative aspect of credit cards is that you have to provide sensitive information during the transaction process. While this data is protected by SSL encryption, it does leave a bad taste in some traders’ mouths. Much like the previous issue, this one can also be circumvented by using an alternative payment method.

When it comes to protecting your money and identity on the Internet, you should take no chances. Therefore, if you feel uncomfortable revealing your credit card information, you should best pick a different banking solution. Last but not least, we should mention the non-trading costs that often accompany credit card deposits. While most brokers waive their fees on card deposits, the card issuer or bank may charge you extra. These fees are bank-specific and something you should check beforehand.

Fees and Limits When Using Credit Cards to Trade Forex

As far as fees are concerned, we cannot provide any concrete information. Credit cards are offered by every bank and each has unique terms and fee structure. We recommend you contact a representative of your bank or visit its website to learn more about the fees you can anticipate.

As for brokers, they usually charge no additional fees on card deposits and withdrawals. When they do, they specify the additional costs during the transaction process. Fees for currency conversion may also apply if you deposit in a currency different from your base account currency.

Transaction limits are another important aspect to consider. Much like fees, the limits vary across brokers and banks. Spending limits also depend on the type of credit card you use. Going over that amount may result in over-limit fees, but these cannot exceed the amount the card holder has overspent.

In the United States, most issuers prohibit credit card holders from spending over their limit and transactions merely fail when this happens. As required by the Credit Card Accountability Responsibility and Disclosure Act of 2009, credit card holders must opt in and agree to the over-limit charges before the issuer deducts them.

Forex brokers also impose minimum and maximum limits on card transactions but these restrictions largely depend on where you trade. Most brokers require minimum deposits of $20 to $100, while the ceiling reaches $50,000 or more in some cases. Client categorization also matters. Professional traders can typically move larger amounts to and from their live balance.

Credit Card Chargeback on Forex Account

Credit card owners can request chargebacks in the event of fraud, duplicate payments, or transaction mistakes resulting from technical issues. Disputing a chargeback is also an option when the money was deducted from your card but the deposit amount did not reflect in your live trading balance. Chargebacks are not granted instantly when submitted as card issuers must first look into the reasons for the chargeback dispute. There are proper steps to take in this case.

There are proper steps to take in this case. You must first discuss the issue with representatives of the broker’s financial department and provide proof of the transaction. If this fails to help, you can escalate the issue to your bank. The timeframes for evaluating chargeback claims vary dramatically based on the policies of the card issuers. Disputing chargebacks should be your last resort as the process may take up to 120 days in some cases and the issuer may not honor your chargeback request.

Security When Trading Forex with Credit Cards

When discussing the disadvantages of credit cards, we mentioned that using them entails revealing sensitive financial information. You naturally do not want to have it compromised. The good news is all regulated forex brokers safeguard customers’ transactions with state-of-the-art SSL encryption to prevent sensitive information from getting intercepted during transmission.

Encryption keys are used in conjunction with complex algorithms to encode the transmitted data and render it unreadable. The intended recipient must decipher the data using a unique decryption key that transforms it into readable text. We should also mention that all regulated brokers operate in strict compliance with the Payment Card Industry Data Security Standards (PCI DSS), a set of rules minimizing the risks of data breaches and ensuring the security of clients’ sensitive information.

Conclusion

At the end of the day, credit cards pose a convenient and simple way to move funds to and from your forex trading account. They offer great flexibility and are available at just about every online trading site. While not entirely lacking disadvantages, cards facilitate timely, fee-free, and straightforward deposits and withdrawals at hundreds of forex brokers. If you don’t feel like dealing with bank transfers or e-wallets, cards may prove the right payment method for you.