Forex Brokers with MasterCard

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: November 20, 2024

‹
• Jump to:
• 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.

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

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

1. 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

   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.

2. 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

   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).

3. 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 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.

4. 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

   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.

5. TRADE NOW READ REVIEW
   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, Capitalise.ai, FlashTrader

   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, UnionPay

   Withdrawal Methods

   Mastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac, UnionPay

   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.

6. 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

   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.

7. TRADE NOW READ REVIEW
   XM Group

   Min Deposit

   $5

   Trading Instruments

   Forex, Stocks, Indices, Commodities, Thematic Indices

   Regulators

   (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), CFTC; Registrations for EU passporting: - BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA (Finland), KNF, AFM, FSA (Sweden)

   Trading Platforms

   MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT4 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.

8. TRADE NOW READ REVIEW
   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.

9. 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

   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

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.