Forex broker credit card

We also have an indepth top credit cards brokers for 2021 article further below.

Actual forex bonuses

Top Credit Cards Brokers for 2021, forex broker credit card.

You can see it now by clicking here forex brokers that accept credit cards customer support can include phone answering services, live chat support and email customer service support.

Top credit cards brokers for 2021

We found 5 online brokers that are appropriate for trading credit cards.

Forex brokers that accept credit cards guide

Credit card brokers

If you want to pay with credit cards while trading in the forex markets, we list in this article some of the best brokers that accept credit cards as a funding option. Not all the brokers accept credit cards. Its not tough finding one. Most of the brokers in the united states, the united kingdom and other financial markets are the so-called credit card brokers. They accept credit cards of several service providers including mastercard, VISA, american express, diner's club and china unionpay.

Why choose credit card brokers?

Payments through credit cards are faster, easier and simple as well. Before credit cards were introduced to the forex markets as a mode of payment, traders had to completely rely on bank wires for both depositing withdrawing funds. The method was not fast and required paperwork. To add to this, bank regulations were also imposed like some countries had placed a cap on the foreign currency limits. Sometimes these complications discouraged investors to trade into forex.

After the invention of credit cards things changed and transactions became very fast and there were fewer hassles.

Many brokers started accepting the new payment method and flexibility to traders was as such that one could deposit money on monday and withdraw on wednesday after trading on tuesday. Several credit card brokers offered personalized cards to allow traders to shop as with money being deducted from their forex accounts.

Advantages with credit card brokers

There are many and few are as discussed below:

Credit card transactions are very fast so the monies transferred to the account of traders is processed immediately. This means spotting market opportunity and implementing a trade has become an almost instant.

Suppose you found a market opportunity at 9 in the morning and with the help credit card payment method you can start trading at 8.05 a.M., or even earlier. In the wire transfer banking system it is never possible to start a trade on live markets in five minutes.

The verification process of credit card payments is safe and secure. Some of the credit card brokers offer specialized prepaid cards to help you make payment at POS terminals of the shopping malls. Credit cards withdrawals are guaranteed.

How to choose credit card brokers

Most brokers now accept payments through credit cards. So finding reputable credit card brokers is not a big deal, but do check whether the issuer of your credit card is accepted with your broker. The card issuer could be mastercard, VISA, diner's club and host of others. More to this, it is suggested to strike a deal with such credit card brokers who are well regulated in their countries and hold a good reputation among clients.

Chargeback alert

Be careful with chargebacks. Though it only occasionally happens, some credit card brokers may forcefully take deposits as they have your card details stored in their file. You can mitigate this by using a financial tool called 'the credit card chargeback.' the chargeback process has certain pre-defined rules and it is recommended to check those with the issuer.

Credit card brokers verdict

There are several benefits to using a credit card when trading with your broker.

The payments are instant and you can start trading immediately without losing opportunities. The credit card transactions are secure and offer an added level of safety. You just need to be careful when selecting which credit card broker to trade with.

When trading with a broker that offers funding via credit card, confirm that they are well regulated and they have mostly positive testimonials.

We've collected thousands of datapoints and written a guide to help you find the best credit cards brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best credit cards brokers below. You can go straight to the broker list here.

Reputable forex brokers that accept credit cards checklist

There are a number of important factors to consider when picking an online credit cards trading brokerage.

Check your credit cards broker has a history of at least 2 years.

Check your credit cards broker has a reasonable sized customer support of at least 15.

Does the credit cards broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your credit cards broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your credit cards broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your credit cards can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering credit cards brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below credit cards brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 credit cards brokers of 2021 compared

Here are the top credit cards brokers.

Compare credit cards brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are credit cards brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more credit cards brokers that accept credit cards clients

All credit cards brokers in more detail

You can compare credit cards brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth top credit cards brokers for 2021 article further below. You can see it now by clicking here

We have listed top credit cards brokers below.

Forex brokers that accept credit cards table of contents

Forex brokers that accept credit cards explained

Trading the financial markets with forex brokers that accept credit cards when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for forex brokers that accept credit cards is the platform that a forex brokers that accept credit cards offer.

Choose forex brokers that accept credit cards that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need forex brokers that accept credit cards that you can rely on.

6 factors to consider when choosing forex brokers that accept credit cards

Follow these five rules for selecting a broker that's right for you:

Are your forex brokers that accept credit cards trusted and established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated forex that accept credit cards broker is spreadex. Established in 1999, and in operation for 19 years spreadex have a head office in UK.

Spreadex is regulated. This means spreadex are supervised by and is checked for conduct by financial conduct authority (FCA) regulatory bodies.

Another top rated broker is city index.

City index was established 1983, and in operation for 35 years city index have a head office in UK.

City index is regulated. This means city index are supervised by and is checked for conduct by financial conduct authority (FCA) regulatory bodies.

Broker	spreadex	city index	IG	admiral	ATFX
year established	1999	1983	1974	2001	2014
head office	UK	UK	UK	UK	cyprus
regulation	financial conduct authority (FCA)	financial conduct authority (FCA), australian securities and investments commission (ASIC), monetary authority of singapore (MAS)	financial conduct authority (FCA), australian securities and investments commission (ASIC)	financial conduct authority (FCA), cyprus securities and exchange commission (cysec)	cyprus securities and exchange commission (cysec)
used by	10,000+	14,000+	239,000+	10,000+	10,000+	0+
negative balance protection	no	yes	yes	yes	yes
guaranteed stop loss	yes	yes	yes	no	no
learn more	visit spreadex	visit city index	visit IG	visit admiral markets	visit ATFX global markets	visit
risk warning	losses can exceed deposits	75% of retail investor accounts lose money when trading cfds with this provider	spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and cfds with this provider. You should consider whether you understand how spread bets and cfds work, and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits	your capital is at risk

Are the forex brokers that accept credit cards world leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. Spreadex segregates clients funds and offers over 15000 instruments. Spreadex offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, spreadex supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. Spreadex is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for forex brokers that accept credit cards is city index . City index segregates clients funds and offers over 12500 instruments.

Broker	spreadex	city index	IG	admiral	ATFX
instruments available	15000	12500	17000	148	57
platforms	web trader, tablet & mobile apps	MT4, web trader, tablet & mobile apps	MT4, mac, web trader, L2 dealer, tablet & mobile apps	MT4, MT5, mac, web trader, tablet & mobile apps	MT4, mac, web trader, tablet & mobile apps
excluded countries	US	US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW	US, BE, FR, IN, IL, PL, ZW	US, CA, JP, SG, MY, JM, IR, TR
forex pairs offered	55	100	100	40	45
forex pairs offered	55	100	100	40	45
major forex pairs	yes	yes	yes	yes	yes
minor forex pairs	yes	yes	yes	yes	yes
exotic forex pairs	yes	yes	yes	yes	yes
cryptocurrencies (availability subject to regulation)	yes	yes	yes	yes	no
commodities offered	16	26	34	0	0
metals	yes	yes	yes	yes	yes
energies	yes	yes	yes	yes	no
agricultural	yes	yes	yes	no	no
stocks offered	1000	4500	8000	64	0
UK shares	yes	yes	yes	yes	no
US shares	yes	yes	yes	yes	no
german shares	yes	yes	yes	yes	no
japanese shares	yes	yes	yes	yes	no

What are the forex brokers that accept credit cards commissions and fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated forex that accept credit cards broker spreadex offers competitive offers for forex, cfds, and spread betting. Spreadex minimum deposit is 1.

Another top rated forex that accept credit cards broker city index offers forex, cfds, spread betting. City index minimum deposit is 25. Please note that any cryptocurrency availability with any broker is subject to regulation.

Broker	spreadex	city index	IG	admiral	ATFX
min deposit	1	25	0	200	100
withdrawl fees	0, minimum £50	varies	no	no	0
inactivity fees	no	yes	yes	no	no
deposit fees	no	varies	varies	varies	0
CFD commission fees	no	0.0015	yes (0.1%)	yes	no

What are the forex brokers that accept credit cards funding and withdrawal methods?

When dealing with forex brokers that accept credit cards having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	spreadex	city index	IG	admiral	ATFX
bank transfer	yes	yes	yes	yes	yes
credit cards	yes	yes	yes	yes	yes
paypal	no	yes	yes	no	no
skrill	yes	no	no	yes	no
payoneer	yes	yes	yes	yes	no
neteller	no	no	no	yes	no

Find forex brokers that accept credit cards with round-the-clock support?

Customer service is very important when dealing with forex brokers that accept credit cards.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Forex brokers that accept credit cards customer support can include phone answering services, live chat support and email customer service support.

Spreadex support a limited number including english

City index support a wide range of languages including english, spanish, german, arabic, polish, and chinese

Spreadex and city index offer support where clients are able to call or contact the helpdesk via email or a chat service.

Make sure the forex brokers that accept credit cards offer comprehensive trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, spreadex and city index work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do forex brokers that accept credit cards need to be regulated?

A regulated forex that accept credit cards broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Forex that accept credit cards brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

Credit card forex brokers

Credit cards are used by millions of people on a daily basis, and while this is a great tool that allows you to quickly get access to more money, it can also cause you a lot of trouble, especially if you don’t keep a close eye on your bank balance.
Credit cards are offered by just about every bank, so it is relatively easy to get one for you. However, if you are planning on getting a credit card, you should check your bank’s terms and conditions, and taxes that apply to your card. You also need to read the entire contract and see if there are any hidden fees or taxes that you don’t want.

Remember that most credit cards have a certain spending limit, and if you go over it, you’ll have to pay a higher interest rate. The good thing about credit cards is that they are easy to get and use. All you need to do to get a credit card is to visit a bank and browse their offers. Credit cards can be used just about everywhere – shops, gas stations, etc. Many people prefer using credit cards for online payments or for depositing money in different websites. Thousands of forex traders use a credit card to deposit funds into their accounts.

Best forex brokers for united kingdom

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 payment methods on the internet and millions of people use credit cards on a daily basis. Where forex trading is concerned, you will be hard-pressed to find a platform that does not support credit cards.

Often, you will see that forex platforms have made banking easy and accessible for the whole user base. While each website has its own peculiarities, all follow a similar model. To deposit with a credit card, you will have to find the payments page and select the credit card option from the list of supported service. From then on, the broker will require you to enter your credit card information. This includes the 16-digit number on the front, the expiration date of the card, your name as stated on it, and the CVC security code on the back of it.

Once this is done and you have also entered the sum you wish to deposit, you simply have to confirm the transaction. This will not take more than a few seconds and your money will be immediately available to you.

How to withdraw from forex account with credit card

When the time comes to withdraw your balance or a portion of it, you will find that the cashout process is not that different from depositing. Simply head over to the payments page and select the credit card option. Then, you will need to enter the appropriate information, if required, as well as, the amount that you wish to withdraw.

Once you put in your withdrawal request, it can take some time for the staff to review and confirm it. This can take one or two business days and when the confirmation is given from the staff, 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 need to be verified before a withdrawal can be issued.

Benefits of using credit cards for forex trading

Using a credit card certainly 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 cards are able to process deposits in mere seconds and you can start trading immediately. When compared to more traditional payment solutions, such as bank transfers, which can take anywhere from hours to days to process, credit cards are obviously superior in this regard. Not only that, but credit card payments are often free, with little or no transaction fees being imposed. Few other transaction solutions can boast of this and this shows us why this banking method is preferred.

Another thing to take into account is that credit card payments are easy and convenient to pull off. All you have to do is enter the card information in the provided form and confirm the payment. Moreover, many websites will allow you to save this data for your next deposit, so you only need to do it once. Additionally, since everyone has a credit card, practically all forex platforms support credit cards in some capacity. You will never have to worry if your broker accepts cards since they all do in practice.

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. There are other services which allow for much faster cashout, namely ewallets, such as skrill or neteller. The slow processing times is something that you will have to get used to if you wish to use credit cards consistently.

Another negative aspect of credit cards is that you have to reveal their full information in order to make a transfer. While this data is protected with heavy encryption, it does leave a bad taste in some customers’ 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 would best pick a different banking solution.

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 sets its own specific terms and fee structure. This is something that you will have to take up with your financial institution, as we have no way of knowing that. More often than not, however, credit card transactions are free by themselves. However, certain broker websites may charge commission on credit card payments and these cannot be avoided. If this bothers you the only way to get by it is to switch broker websites.

Additionally, transaction limits are also a point to consider. Much like the fees, these are not set in stone and are subject to the terms of both your bank and the forex trader. Credit cards have one peculiarity realized in the amount of credit that the bank is willing to extend to you. Going over that amount may incur fees if allowed at all. On the other hand, the forex platform may also limit your transactions, but these are usually flexible. Once you establish a status with the broker, the limits may be raised.

Credit card chargeback on forex account

Chargebacks to credit cards are an option when you are cheated in some way by a fraudulent platform. However, while a possibility, they should be used sparingly. If you have the opportunity to freely withdraw your balance, you should take that in lieu of a chargeback. Usually, chargebacks are a last resort and should only be used when you are cheated.

When you submit a chargeback request, the bank will take a look at the matter. However, it is not granted instantly. The platform has the right to dispute the chargeback and will present its arguments against it. The matter can take some time to resolve and is not a sure thing. Moreover, if you request a chargeback the forex trader may ban you from the platform. If the chargeback claim is legit, this should not bother you, but if you have no ground for it, it will prevent you from using an otherwise worthwhile trader.

Security when trading forex with credit cards

In the point about the disadvantages, we mentioned that you have to reveal the full extent of your credit card information. Naturally, you do not want to have this information going around the internet for all to see. Since the forex broker will have to store it somewhere, we need to be sure that it is kept safe and away from prying eyes. To this end, the forex platforms use high-end encryption software to protect your sensitive data. Typically, this security system comes in the form of 128- or 256-bit SSL encryption, the implementation of which has become standard practice across many different business types. What this means for you is that your important information will be encoded so that only authorized individuals may view it. Even in the event of a data leak, the encryption will make it unreadable to third parties and thus, keeping your money and identity protected.

Conclusion

When all is said and done, credit cards represent an easy way to get into forex trading. They offer great flexibility and you can use them just about anywhere. The drawbacks are few and most are negated in some way or another. If you do not want to deal with any other payment services, then this is the right payment method for you.

How do you fund a forex account?

The forex (FX) market is where currencies from around the world are traded. A foreign exchange account is typically what is used to trade and hold foreign currencies online. Using these accounts is easier than it has ever been in the past. Typically, you will just need to open a new account, deposit the amount of money you choose in your country’s currency, and then you are free to sell and buy currency pairs as you see fit.

Key takeaways

Forex accounts are used to hold and trade foreign currencies.

It is easier than ever for individuals to participate in forex trading, due to the development of margin accounts and electronic trading.

You can invest in forex with as little as $1,000.

The biggest difference between trading equities and trading on forex is the amount of leverage required.

Forex accounts can be funded by credit card, wire transfer, personal check, or bank check.

In the past, currency trading was limited to certain individuals and institutions. That's because the funds required to play were significantly higher than for any other investment instrument. However, with the development of electronic trading networks and margin accounts, requirements have changed. Although nearly 75% of forex trading is still done by large banks and financial institutions, individuals are now able to invest in forex with as little as $1,000—thanks in large part to the use of leverage. Despite these changes, making high returns on highly-leveraged currency trades can be difficult, and will require a good amount of patience and skill.

How forex trading works

By using a margin account, investors essentially borrow money from their brokers. Of course, margin accounts can also be used by investors to trade in equity securities. The main difference between trading equities and trading forex on margin is the degree of leverage that is provided.

For equity securities, brokers usually offer a 2:1 leverage to investors. On the other hand, forex traders are offered between 50:1 and 200:1 leverage. This means that traders need to deposit between $250 and $2,000 to trade positions of $50,000 to $100,000.

Learning the ins and outs of investing in a market that contains foreign currencies can be a useful skill to develop in today’s hyper-connected world.

How to fund a forex account

Forex traders are usually given several options when deciding how they will deposit funds into trading accounts. Credit card deposits have by far become the easiest way. Since the development of online payment services, digital credit card payouts have become increasingly efficient and secure. Investors can simply log in to their respective forex accounts, type in their credit card information and the funds will be posted in about one business day.

Investors can also transfer funds into their trading accounts from an existing bank account or send the funds through a wire transfer or online check. When choosing to perform a wire transfer, keep in mind that most banks will charge about $30 per wire, and there may be a delay of two to three days before the amount will show in the recipient’s account for the first transfer performed.

Traders are also usually able to write a personal check or a bank check directly to their forex brokers. The only problem with using these other methods is the amount of time that is needed to process the payments. For example, paper checks can be held for up to 10 business days (depending on the individual’s bank and the state) before being added to a trading account.

Top debit card brokers for 2021

We found 11 online brokers that are appropriate for trading debit card.

Best debit card brokers guide

Debit card brokers

If you are searching for debit card brokers, you will need to be very selective when you're looking for the right brokers for you.

This requires valuable time in order to conduct your review and research.

Before you start trading, you will want to be cautious and need to understand the better brokers who accept the debit card method with the utmost safety and security.

Debit card brokers facilitate funding of forex accounts and other types of trading accounts through a debit card transfer. The withdrawal is also done through the same channel.

The commonly used debit cards are VISA, mastercard, american express, diner's club and china unionpay.

Benefits of debit card use

Earlier traders used to rely on wire transfer but with the arrival of debit cards, the depositing and withdrawal has become easier and faster due to no paperwork involved, in contrast to other ways.

Moreover, with debit cards, the bank regulators impose no restriction as it is the case with a wire transfer.

In bank transfer cases some countries impose limits on the transfer of foreign currency. In debit cards, there is no such restriction.

This is the reason debit card brokers are a blessing to forex investors and with their entry in the industry, things have changed dramatically. With their help, transactions have become faster and easier.

With the debit card brokers, a trader can deposit on monday, trade the next day and can withdraw the profit on wednesday. It is so simple and quick.

Some of the debit card brokers issue a special prepaid card that can help using the withdrawals as shopping on merchant websites.

Advantages of debit card brokers

The first benefit while dealing with debit card brokers is the speed of transactions. The deposit of funds and withdrawal of profits are far faster than wire transfer.

In fact, the deposit is almost instant. If a position is placed at 8am, the trader can deploy the card at 8.01am., and trading the position starts at 8.05 am.

The process of debit card verification makes using the card safe for the deposit of funds. The withdrawals are guaranteed to be quick and easy.

As an addition some of the debit card brokers offer a specialized prepaid card to use for shopping on merchant sites or at POS terminals.

When it comes to forex trading, you will want to ensure that you can use the most conventional approach when depositing and withdrawing funds. Many people cannot be parted from their credit or debit cards and this is possibly also the case with you.

You could be the customer of any of these cards: american express, mastercard, VISA, diner’s club, china unionpay, and others. Therefore, you will want to use what you have to deposit or withdraw from the forex brokerages.

The reason to use a debit card or credit card

The most conventional way to deposit the funds to the trader accounts is through the bank. If this method is not for you, you could use your credit or debit cards instead.

Bank transfer can be complex and slow because the method involves paperwork and permissions. Some of the financial institutions even put a lot of restrictions in the bank transfers for forex trading.

These restrictions can be a huge problem for the serious forex trader. If you are serious in doing this, using the credit or debit card could be a game changer.

With the help of credit or debit cards, the transactions can become simpler and faster. There is no need to wait for days until the funds are deposited into your account.

If you are depositing your funds through credit or debit cards on a monday for example, you should be able to make the trade on tuesday or wednesday.

You can withdraw profits at the same time. You would only need to adjust your schedule on friday to sunday as the transactions can be slower.

Some brokers even work with the other merchants shopping sites to issue prepaid cards which you can use for withdrawals.

Why choose brokerages with credit or debit card methods?

This is due to the speed of transactions offered by the debit cards.

You can instantly get results with your debit cards. If you want to deposit into your forex account, you just need to use your card and the transaction will be completed instantly.

For instance, you use a debit card now, and minutes later the funds are deposited into your forex account. Therefore, you could start trading immediately. If you are using the bank transfer, you may need to wait for days until you can use your funds to trade.

The addition of the debit card to your brokerage site is quick and easy. The credit card brokers even issue prepaid cards which you can use to shop or for other kinds of transactions.

How to choose the brokerage with a good and secure method

Most of the forex brokerages now accept credit or debit cards for transactions but not all countries may accept them. You could be living in a country where the specific credit or debit card is not permitted.

Therefore, you will need to choose the right credit card forex broker for where the service is available in your country. If you are not really sure, you could have an option to reach out to the customer care of the credit card forex brokers.

Put simply, you will be able to reap all the benefits without safety issues if you are working with a trustworthy and reliable broker. With this broker, you can rest assured that your money will be in the safest hands.

How to choose debit card brokers

Almost all the forex brokers facilitate the use of debit cards but there are restrictions in some countries.

This is the reason it is important to choose such debit card brokers who are based in favorable countries.

Moreover, do not forget to also deal with a regulated broker.

Chargeback on debit card brokers account

Traders can reverse the fund. This feature is important on issues like the brokers taking deposits forcefully on the stored card details.

In the chargeback process, the money taken by the debit card brokers can be reversed.

However, certain rules apply in the process and it is important the trader takes note of these from the card company and knows whether the chargeback is permitted.

Debit card brokers verdict

Depositing funds using your debit card gives you plenty of benefits, but you will only achieve a great experience if you focus on honest brokers. Let’s save your time by looking at the list of most trusted brokerages below.

There are several benefits to funding trading with debit card brokers when trading the forex market. The process is fast and easy.

No paperwork is involved in making the payment or withdrawing funds. Almost all the renowned debit cards are accepted and chargeback feature facilitates reversing back of money if the broker wrongly deposits.

With debit card brokers it is possible to deposit funds today, trade tomorrow and withdraw the profit the third day.

Many debit card brokers offer a certain specialized prepaid card to help trader shop on merchant sites or at POS terminals using the withdrawal amount.

The only important thing to consider while dealing with debit card brokers is to verify whether they are regulated brokers.

It is suggested never to pick an unregulated broker as during any dispute no initiative could be taken by the regulatory authority to resolve the matter.

We've collected thousands of datapoints and written a guide to help you find the best debit card brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best debit card brokers below. You can go straight to the broker list here.

Reputable debit card brokers checklist

There are a number of important factors to consider when picking an online debit card trading brokerage.

Check your debit card broker has a history of at least 2 years.

Check your debit card broker has a reasonable sized customer support of at least 15.

Does the debit card broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your debit card broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your debit card broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your debit card can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering debit card brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below debit card brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 debit card brokers of 2021 compared

Here are the top debit card brokers.

Compare debit card brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are debit card brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more debit card brokers that accept debit card clients

Credit cards

Payments cards offer for multi-currency account holders one can find on the dedicated web page. These cards are available in plastic and virtually and are fully compatible with applepay™ and samsungpay™.

For holders of private banking (savings) accounts the following credit cards from swisscard AECS AG can be ordered:

American express platinum CHF

American express gold CHF

American express personal CHF

Mastercard platinum CHF

Mastercard gold CHF

Mastercard gold EUR

Mastercard gold USD

Mastercard standard CHF

Information about applicable fees is available at www.Premiumcards.Ch. Please contact dukascopy bank for any further information.

To learn more about dukascopy bank forex trading platform, SWFX and other trading related information, please contact us: +41 22 799 4888

ICC, entrance H, route de pré-bois 20 , 1215 geneva 15, switzerland
tel: +41 22 799 4888 ,
fax: +41 22 799 4880

On-line currency forex trading with swiss forex broker - ECN forex brokerage,
managed forex accounts, introducing forex brokers, currency forex data feed and news
currency forex trading platform provided on-line by dukascopy.Com
all trading related information on the dukascopy website is not intended to solicit residents of belgium, israel, russian federation, canada (including québec) and the UK. In general, this website is not intended to solicit visitors to engage in trading activities. Leveraged margin trading and binary options entail a high risk of losing money rapidly.

An error correcting system is functioning on our website. If you find a mistake you are able to send us a notification.
Simply highlight the error and press ctrl + enter and then follow the instructions.

Making your payments at credit card forex brokers

Credit card is a highly rated payment option throughout the world that has enabled people to go cashless and avoid the risks associated with paper money. In fact, credit cards have not only provided an alternative to hard cash, but it also offers the opportunity for people to have that extra freedom while spending. Credit cards allow users to buy more stuff or take some loan as interest-bearing credit, which can then be paid off in easy monthly payments.

Of course, there is a downside to taking on credit and paying interest for huge sums of money, but that is a study destined for another time. A credit card FX broker allows its traders to make a deposit or a withdrawal using a credit card, which saves time, is convenient, and highly secure. In fact, a vast majority of forex brokers offer the option of a credit card payment along with a traditional bank wire, which is why credit card payments are synonymous with bank wire every time we talk about the funding options for a forex trading account. It is relatively easy for FX trading companies to incorporate credit card payment processors and accept all types of card brands due to its global reach, which further allows traders to take advantage of such an option to make a quick deposit or withdrawal.

Credit card payments allow instant deposits, while all withdrawals are completed within a few hours at most. The possibility of making immediate payments is one of the main allures of depositing using credit cards, as it so happens that the volatile forex markets may spring up surprises that may require a trader to make additional deposits. For instance, a broker may increase the minimum margin requirements (or in other words, lower the leverage), which might require traders to make additional deposits to continue holding on to their positions or face a margin call. Such an instance occurs when the market faces incredible volatility during major news events, or if the broker is forced into reducing its leverage as per regulatory guidelines.

Ensuring easy, secure, & cost-effective deposits at forex brokers accepting credit card payments

Most forex brokers have a pretty straightforward fee structure for all deposit options and are rather transparent about the costs involved in credit card deposits. All reliable and authentic forex brokers will have highly sophisticated and secure payment portals that make it easy for traders to make a deposit without worrying about the safety aspect of making a credit card payment. However, it is normal for beginner traders to encounter scam forex trading companies or brokers that are not entirely honest with their clients. Traders must be apprehensive about their choice of forex broker and must be willing to spend some extra time into researching the different options in the market. Ultimately, all traders must aim to find a reliable forex trading partner that can guarantee the safety of funds for the long term. You can’t simply expect to take a leap of faith and count on your broker’s reliability through any tall claims of regulation or protection of funds. Often, brokers may also provide huge bonuses for credit card deposits to please its traders, which should not be your single criteria for choosing a forex broker. Choosing a regulated forex broker should eradicate most known problems associated with credit card deposits and safety of funds. Although forex brokers don’t charge any high fees for credit card transactions, you would want to compare the costs of different forex brokers and choose a company that offers the most competitive rates. Traditionally, forex brokers might charge around 2 to 5% of the transaction amount on credit card fees, but anything beyond that limit is not acceptable. Brokers are also aware of chargebacks and refunds, which is why some brokers might enforce additional rules while processing a credit card payment. Get in touch with your account manager to ensure a smooth and convenient payment for your forex account. There are various brands of credit cards and different types of card options in the market according to the mode of payment. Here are some of the most common forms of credit card payments accepted by forex brokers.

Banking credit card FX brokers

There is a multitude of credit card companies and brands such as visa, mastercard, american express, discover, diners club, and countless other cards that are branded by leading banks and financial service providers. These credit cards are issued to users according to their credit strength and as per the interest rates that are applicable for individual account holders. These credit cards operate on the traditional credit card payment platform and may involve interest rates, fees, and other costs of transactions while making a forex deposit.

Prepaid credit card FX brokers

Prepaid credit cards are entirely different from traditional credit cards, as these cards do not allow users to spend on credit. Instead, these cards can be preloaded with cash, which can then be spent through POS terminals or for making a deposit at a forex broker. Prepaid credit cards limit its users to spend only the amount of money that is loaded into a card, and after that threshold, users will have to make another recharge before being able to use the credit card once again. While these types of prepaid cards don’t require traders to pay any interest on the money used, there are some fees and charges associated with such kinds of card payments. Some brokers specifically prohibit the use of prepaid credit cards, which will be mentioned in their broker terms and conditions. Therefore, ensure the validity of your prepaid cards before you make a deposit, as a chargeback or refund will cost you a ton of money.

Forex brokers that accept credit cards

Compare forex brokers that accept credit cards to fund your online trading account. Understand the pros and cons of using a credit card to trade online, from your very deposit to your first withdrawal.

Share to win a $1,000 amazon voucher. Find out more ▷

Avatrade (avatrade.Com) is an award winning online broker. Access a wide range of markets spanning forex, crypto-currencies, shares, metals and more on competitive spreads.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD), bonds (CFD)

Platforms: metatrader 4, metatrader 5, copy trading

Regulators: australia, BVI, ireland, japan, south africa, UAE

Incorporated: 2006

Avatrade account [BVI]: trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

Avatrade account [EU]: trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

Islamic account [BVI]: trade a wide range of financial instruments with a shariah compliant account. Avatrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.

Islamic account [EU]: trade a wide range of financial instruments with a shariah compliant account. Avatrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.

Professional account [EU]: trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

Fxpro (fxpro.Com) is a global broker, winner of 60+ awards including "best metatrader broker" in 2020 and "best FX provider" three times in a row.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: metatrader 4, metatrader 5, ctrader, copy trading

Regulators: bahamas, cysec, south africa, UK

Incorporated: 2006

MT4 floating - instant execution: trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.

MT4 floating - market execution: trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All eas are allowed.

MT5 floating - market execution: trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All eas are allowed.

Fxpro ctrader: trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run calgo algorithmic trading robots.

Hotforex (hotforex.Com) is an award winning forex and commodity broker, providing trading services and platforms to both retail and institutional clients.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD), bonds (CFD)

Platforms: metatrader 4, metatrader 5, currenex, copy trading, mirror trading

Regulators: cysec, france, germany, mauritius, south africa, UK

Incorporated: 2010

Micro account: trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for new traders, has smaller trading sizes and a lower initial deposit.

Premium account: trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.

Islamic account: trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for muslim clients, does not incur swap or rollover charges for holding. More ▷

Easymarkets is an award-winning international forex and CFD broker. Unlike most brokers, it allows you to trade spot, forward as well as vanilla option contracts (calls and puts) across a particularly wide range of markets.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: metatrader 4, mirror trading

Regulators: australia, cysec

Incorporated: 2001

Standard account: trade forex and cfds on metals, commodities and indices on tight fixed spreads from a low $100 deposit on MT4.

VIP account: get one-on-one trading advice from a personal market analyst, as well as 24/5 phone and live chat trading. You’ll also enjoy flexible leverage and even tighter fixed spreads.

Buy shares outright or trade cfds on shares, indices, forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on etoro.Com.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: copy trading

Regulators: australia, cysec, UK

Incorporated: 2007

Etoro account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

Islamic account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with no interest or commissions. Open an account online and request an islamic account from your account manager.

Corporate account [EU]: this etoro account is for sole proprietorships, partnerships or corporations. This account does not support paypal payments.

Professional account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

Liteforex (liteforex.Com) is an international ECN forex broker. Trade a wide range of markets on metatrader 4 or 5. Liteforex accepts a wide range of deposit methods, including bitcoin, monero and other cryptos.

Markets: forex (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, copy trading, mirror trading

Regulators: cysec

Incorporated: 2005

Classic account: trade forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.

ECN account: trade forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. Liteforex pays 2.5% interest per annum on the balance of your account.

Trade cfds without commission on forex, shares, indices, commodities and etfs with plus500.Com. Plus500 is listed on the london stock exchange and is regulated across several jurisdictions.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Regulators: australia, cysec, new zealand, singapore, south africa, UK

Incorporated: 2008

Plus500 account: trade 50+ currency pairs and cfds on shares, indices and commodities on fixed or floating spreads. Cfds are a leveraged product and can result in the loss of your entire capital. Please ensure that you fully. More ▷

Islamic account: trade online with an interest-free islamic account. This account has no rollover charges (swap fees) and no overnight charges.

Trade forex and cfds on over 10,000 stocks, indices, commodities and currency pairs when you open an IRESS account with FP markets. FP markets also supports metatrader 4 and 5.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, copy trading

Regulators: australia, cysec

Incorporated: 2005

Standard ECN account [MT4]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT4 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

ECN RAW account [MT4]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT4 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

Standard ECN account [MT5]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT5 with this ECN account. Get fast execution speeds over dedicated fibre optic links to new york.

ECN RAW account [MT5]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT5 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

Start trading in 40 seconds, with no prior KYC or compliance checks, with primexbt.Com. Primexbt's trading platform was voted "best platform for margin trading" in the 2020 ADVFN international finance awards.

Markets: forex (CFD), cryptos (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: copy trading, mirror trading

Regulators: none

Incorporated: 2018

Trading account: trade cryptocurrencies, forex as well as cfds on commodities and stock indices. Open an account in 40 seconds and trade from a small 0.001 BTC deposit (US$ 10 approximately).

Nordfx (nordfx.Com) is an international forex broker serving traders worldwide from its headquarters in mauritius.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD)

Platforms: metatrader 4, copy trading

Regulators: mauritius

Incorporated: 2008

Fix account: trade 28 currency pairs and cfds on crytpo-currencies, metals and indices on fixed spreads. Get instant execution. Automated trading is allowed.

Pro account: trade 33 currency pairs as well as cfds on crypto-currencies, metals and indices on floating spreads. Get market execution with 5-decimal pricing. Automatic trading is allowed.

Zero account: trade 33 currency pairs as well as cfds on crypto-currencies, metals and indices from 0 pips. Get market execution with 5-decimal pricing. Automatic trading is allowed.

Stocks account: trade cfds on 68 international stocks, from apple to UBER, with market execution.

Trade forex, cryptocurrencies as well as cfds on stocks, indices and commodities with an STP/ECN broker. Eaglefx (eaglefx.Com) supports all trading styles and expert advisors on metatrader 4.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4

Regulators: none

Incorporated: NA

Instant execution account: trade 55 currency pairs, cryptocurrencies and cfds on stocks, indices and commodities with instant execution. Eaglefx supports all trading styles, including hedging and scalping on MT4.

Market execution account: trade 55 currency pairs, cryptocurrencies and cfds on stocks, indices and commodities with market execution. Eaglefx supports all trading styles, including hedging and scalping on MT4.

Why use a credit card?

Fund your account online 24/7 using your visa or mastercard.

Activate and fund your account within hours.

Make direct withdrawals to your credit card.

Your first deposit

Most brokers are required either by law or regulation to check their customers' identity before doing business with them. These procedures, also known as 'know your customer' (KYC), are in place to prevent identity theft, money laundering and the financing of terrorism.

If you fund your account by credit card, you can expect your broker to request a copy of the card. We suggest sending only the front side of the card, unless requested otherwise, to keep the card security code private. The card security code is a three or four-digit number found on the back of mastercard, visa, diners club and discover credit cards.

If you're with american express, the card security card is known as a unique card code (CID) and appears the front side of the card above the card number.

In an attempt to fight credit card fraud, some brokers set a cap on amounts you can deposit by card. That threshold stands at US$ 15,000 in the case of hotforex (hotforex.Com).

Others, such as HYCM (HYCM.Com), may request a credit card authorization form if you plan to deposit over US$ 10,000. The form is a statement designed to protect them against costs associated with charge backs from credit card companies in the event of fraud.

Credit card fees

Most brokers charge no fees on incoming deposits. However, intermediary banks and credit card companies can charge between 2% and 3% depending on the funding currency. This is typically deducted from the amounted deposited into your online trading account. For this reason, we suggest that you deposit up to 5% more than the minimum required to allow enough headroom for fees.

Additional deposits

Once your credit card is linked to your online trading account, you can expect your broker to turn to it to fund margin calls should your account's equity falls below threshold. This is standard practice but can come as a surprise to new investors.

If your credit card limit is set low or your trades are highly leveraged, one or more margin calls could max out your credit card. Your credit card company could either impose a fee and/or freeze your credit card altogether until you've paid down your debt. This can have immediate consequences on your everyday life and that of your loved ones.

Know your credit card limit and manage your risks carefully when trading online with your credit card. Implement stop loss, take profit orders and other risk management strategies to cap your losses.

Plan for withdrawals

Last but not least, you'll want to plan ahead for withdrawals before making your very first deposit. Most brokers will only allow withdrawals to the original source of funds - whether that is a credit card, debit card or bank account.

Brokers complying with anti-money laundering regulations and credit card company regulations may restrict the maximum credit card withdrawal to the amount deposited by card. Any profits above that can be withdrawn to a bank account in your name.

If you have deposited funds using multiple credit cards or bank accounts, most brokers will transfer funds to the last funding source - whether that is a credit card, debit card or bank account.

Read your broker's customer agreement carefully because withdrawal policies vary from one broker to the next.

Best execution

MT4 floating - instant execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant . More trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.

$500 deposit

1:500 leverage ?

1.71 pips EUR/USD

Best conditions

Etoro account [EU]

Trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get. More trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

$400 deposit

1:30 leverage ?

3 pips EUR/USD

Best platform

Premium account

Trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads . More trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.

$100 deposit

1:500 leverage ?

1.2 pips EUR/USD

Pro account

Professional account [EU]

Trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and. More trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

$100 deposit

1:400 leverage ?

0.6 pips EUR/USD

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Making your payments at credit card forex brokers

Ensuring easy, secure, & cost-effective deposits at forex brokers accepting credit card payments

Banking credit card FX brokers

Prepaid credit card FX brokers

Forex trading with amex

American express, often abbreviated as amex, is one of the more popular credit card brands out there. Given its wide user base, it is only natural for this payment solution to be supported by the forex industry. As it happens, there are plenty of platforms more than happy to accept deposits made via amex, giving you access to one of the largest markets on the planet. Below, we will explore how amex fits as a payment solution in the online forex trade and how it can serve you when it comes to balance management.

How to fund a forex account with amex

Using amex online is quite simple and if you have ever made a credit card payment before, you will be immediately familiar with the process. Basically, you will need to find the payments page on the broker platform and select the amex option from the list of supported transaction services. When this is done, you will be asked to enter your credit card information. Additionally, you also have to enter the sum you wish to deposit and confirm the transaction.

Best forex brokers for united kingdom

Deposits made via an amex credit card are processed instantly and you will get to use your money right away. This payment method offers convenient and quick transfers with practically no downtime. Moreover, the website will likely save your credit card information, so any future payments will be much quicker.

How to withdraw from forex account with amex

When you are done and wish to take out part of your balance you may have the option to withdraw money to your amex card. This is not much different to making a deposit and you will have to do much of the same. For starters, find the payments page and the subcategory withdraw. From there, choose the amex service and enter the amount you wish to take out. As we stated above, the broker should have saved your credit card information, so you can skip putting it in again.

Once you have requested a transfer, the broker will have to review it and issue it. This can take between 1 hour and two business days, usually. Once the payment is sent, it will clear within 1 and 5 business days, depending on your country of residence and your bank. Furthermore, you need to be verified before a withdrawal request can be processed.

Benefits of using amex for forex trading

When it comes to advantages of using american express for your forex trading needs, there are several main ones that you should be aware of. These the primary reasons why you should use this payment service over others. First and foremost, transfers made via amex are processed instantly. You can start making trades within a minute and there is no wait time, unlike other deposit options. For instance, bank transfers are notoriously slow to clear in comparison to credit cards, taking anywhere between hours and several business days. Amex payments are convenient and consistent, allowing you a lot of flexibility that other solutions do not.

Furthermore, you should also take into account that the entire payment process is simple and easy to understand. The broker has a ready-to-use form that allows you to enter your card information and make a deposit within seconds. You do not need to bother with finding out the other party’s banking details to get your money through and anyone can go do it.

Credit cards are used in everyday life all the time and it may so happen that you already have an amex in your wallet. As such, you will not have to bother with setting up another payment method just so you can make trades online. Moreover, there is very little management required with a card, unlike some other services.

There are other benefits of using amex for forex trading, but these are the main ones that come into play and will have an effect on your experience.

Disadvantages of using amex for forex trading

It would be disingenuous for us to praise the benefits of amex without also mentioning the drawbacks of this credit card type. As it happens, there are a few of them that we would like to warn you about before you begin your trades.

The main issue one can have with amex is that this credit card type is not nearly as popular as visa or mastercard. Service providers are not as fond of american express due to the higher fees and are many are opting to forgo this payment solution entirely. As a result, your range of potential broker websites will be limited when compared with those that support the two other brands. As a result, you will have to contend with what is available or choose to go for a different payment method.

Something else to take into account is that withdrawals are much slower than deposits when using amex, much like any other credit card. Simply put, you will need to wait a few days before your withdrawal is processed and the money is placed within your bank account balance. There are services out there that are much more efficient and do a better job at this, namely ewallets.

Last but not least, some customers might be apprehensive about submitting their full credit card information online. You cannot circumvent this without bringing in another service to help out with it. Therefore, if this does not suit you, you would do better with a different payment solution.

Fees and limits when using amex to trade forex

When it comes to the cost of using amex, things are not as clear cut as we would like. Amex cards are issued by a variety of different banks, each with its own fee structure. Since these are different with each bank, we cannot provide any concrete information on the matter. Another aspect to consider is that while amex payments may sometimes be free for you, certain forex platforms may also charge commissions on transactions. These cannot be avoided and you should look out for them when choosing a broker website.

As for transaction limits, these are also highly subjective, as well. Forex brokers have widely different deposit and withdrawal limits, though they are all flexible. Usually, they can be increased when you achieve a certain standing with a particular platform. On the other side of things, you will only be able to transact as much credit as the bank is willing to provide you. Going over this amount is either not possible or comes with steep charges. These are both issues that you should take up with your broker or bank, depending on the situation.

Amex chargeback on forex account

In the event that you are cheated or otherwise taken advantage of, you will likely have the option to request a chargeback on an amex payment. While available, this option should be used when all other ways to retrieve your money have been exhausted. Chargebacks are a messy business for all involved. When you wish to issue a chargeback, you will need to contact your bank to make it happen. The bank staff will review the transaction and reach out to the broker, who can dispute your claim. The review process can take a while, with no exact timeline. If your claim is based in reality, you will most likely see your money back.

Usually, it is best to avoid the chargeback route if there are other avenues to get your funds back. If you have deposited by mistake, you should first try to withdraw your money via normal means. Furthermore, if you issue a chargeback against the broker, this could lead to a ban from the platform.

Security when trading forex with amex

Something you should never ignore is the safety of your private and banking information. Credit card fraud is quite lucrative for certain shady individuals and they will have no issue in milking every dime from you, given the opportunity. Luckily, modern-day forex brokers employ complex security systems to ensure that this does not happen. It is an industry standard to utilize high-end encryption to protect customers’ data from unauthorized parties. This makes any potential theft quite difficult for criminals and keeps your money safe and sound. Of course, no amount of security software will stop fraud if you are not careful with your credit cards. Usually, common sense can bring you a long way.

Conclusion

Overall, american express comes with many of the characteristics of other credit cards out there. Granted, it is not nearly as supported as visa or mastercard, but amex can still be of use to you. As long as you are willing to look for broker platforms that accept this credit card, you should have no issued in managing your forex balance.

So, let's see, what we have: compare the best forex brokers that accept credit cards for 2021. Read our forex brokers that accept credit cards guide. Our pros compare and list the top trading forex brokers that accept credit cards. At forex broker credit card