The best Forex brokers offering credit card payment option, according to our research, are:
- eToro
- Pepperstone
- FP Markets
- IC Markets
- Markets.com
- XTB
- Admirals
- Vantage
- EasyMarkets
- Roboforex
Depositing money via credit card into one’s forex (foreign exchange) trading account is the fastest method of all.
However, withdrawing should also be mentioned immediately. When you deposit by credit card, the maximum amount you will be able to withdraw to the same credit card will be the exact amount you have deposited. Nothing more.
Another thing to mention is that if you are a U.S. resident, you will not be able to deposit by credit card as a result of the NFA’s bans on this type of deposit. In this case, you can still choose a forex broker available in the US.
This selection of brokers took into consideration a number of factors including:
- The deposit processing time
- The deposit commissions
- The currencies accepted for credit card deposits
- The payment systems allowed by each broker
Round up
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| Brokers | Deposit processing time | Deposit commission |
|---|---|---|
| eToro | Few minutes | None |
| Pepperstone | Instant | None |
| FP Markets | Instant | None |
| IC Markets | Instant | None |
| Markets.com | Instant | None |
| XTB | Instant | None |
| Admirals | Instant | None |
| Vantage | Instant | None |
| easyMarkets | Instant | None |
| Roboforex | Few minutes | None |
What are the best credit card forex brokers?
Below is our curated list and review of the best forex brokers that accept credit cards, along with an in-depth analysis of their distinctive features and traits.
eToro
eToro accepts Visa, Maestro, and Mastercard for deposits and processes transactions within minutes. eToro charges a $5 fee on withdrawals and applies conversion fees for non-USD currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- eToro accepts credit cards and payments via Visa, Maestro, Mastercard.
- With this forex broker, credit card deposit transactions are processed on your eToro account within minutes.
- Conversion fees on credit card deposits and withdrawals if you use a currency other than USD.
- Withdrawals with credit cards have a 5 USD commission and take up to 10 working days.
- No conversion fees if you deposit from your eToro Money Account, with instant deposit and withdrawal.
- To open an eToro account, the minimum deposit required is $50.
- eToro offers more than 45 pairs for forex trading with spreads starting from 1 pip.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
Pepperstone
Pepperstone accepts Visa and Mastercard, allows instant deposits, and processes withdrawals within 1-3 days without fees. Pepperstone supports multiple currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone accepts credit cards, Visa and Mastercard.
- Credit card deposits, as with many forex brokers, are processed instantly while withdrawals take 1-3 working days.
- No deposit and withdrawal fees.
- Currencies available include AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD depending on your location.
- There is no minimum deposit to comply with at Pepperstone.
- Pepperstone forex account lets you trade over 70 forex pairs with spreads averaging 0.09 pips.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
FP Markets
FP Markets accepts Visa and Mastercard, ensures instant deposits and 1-day withdrawals without fees. FP Markets supports various currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About FP Markets
FP Markets is an Australian-based global forex and CFD broker founded in 2005. FP Markets offers trading on over 10,000 instruments including forex, stocks, indices, commodities, and cryptocurrencies. FP Markets provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FP Markets is regulated by multiple authorities including ASIC, CySEC, and FSA. FP Markets is known for tight spreads, fast execution, and extensive educational resources. The FP Markets CEO is Craig Allison.
FP Markets Features
The features of FP Markets are listed below.
- Visa and Mastercard.
- No commission on both credit/debit card deposits and withdrawals from the broker’s part.
- Instant processing for deposits and 1 working day for withdrawals.
- Currencies (availability may depend on your location): CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, CZK, PLN, AED.
- FP Markets minimum deposit to open a real account is $100.
- FP Markets charges floating spreads as low as 0 pips with more than 70 currency pairs available through their forex trading account.
FP Markets Pros and Cons
Advantages of FP Markets
The advantages of FP Markets are listed below.
- Broad Instrument Offering
- Competitive Spreads
- Multiple Trading Platforms
Disadvantages of FP Markets
The disadvantages of FP Markets are listed below.
- High Fees for International Withdrawals
- Outdated Platform Design
IC Markets
IC Markets accepts Visa and Mastercard, provides instant deposits without fees and completes withdrawals in up to 10 days. IC Markets supports multiple currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- Visa and Mastercard are both accepted for deposit.
- Currencies available to trade with include, AUD, SGD, USD, NZD, EUR, JPY, CAD, HKD, GBP, and CHF.
- Instant processing time for deposits with debit and credit card. Forex broker standard is now typically to accept both.
- Withdrawals, once processed, can take up 10 business days on retail investor accounts.
- No deposit and withdrawal fees on the broker’ side.
- IC Markets minimum deposit is $0.
- 60+ pairs available to trade forex with spreads starting from 0 pips.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
Markets.com
Markets.com accepts Visa and Mastercard, allowing instant deposits without fees and supporting various currencies for transactions.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Markets.com
Markets.com is a global online broker established in 2008, offering trading on forex, stocks, indices, commodities, and cryptocurrencies through CFDs. Markets.com provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. Markets.com is regulated by multiple authorities including CySEC, FCA, ASIC, FSCA, and FSC. Markets.com is known for its extensive educational resources and AI-powered trading insights. The Markets.com parent company “Finalto Group” CEO is Matthew Maloney.
Markets.com Features
The features of Markets.com are listed below.
- Visa and Mastercard are available for deposits while they also accept credit cards.
- Credit card payments are fee-free on the broker’ side and take up to 2-7 working days.
- Credit card deposits are fee-free on the broker’ side and processed instantly.
- Currencies available to use include USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, and AED.
- For forex trading, 60+ pairs charging spreads from 0.6 pips.
- The minimum deposit to open a Markets.com real account is $100.
Markets.com Pros and Cons
Advantages of Markets.com
The advantages of Markets.com are listed below.
- High Trust Score
- Wide Range of Trading Platforms
- Comprehensive Educational Resources
Disadvantages of Markets.com
The disadvantages of Markets.com are listed below.
- Above Average Spread Costs
- Limited Payment Options
XTB
XTB accepts Visa, Mastercard, and Maestro for instant USD deposits and applies conversion fees for other currencies. XTB completes withdrawals in one day.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- XTB is another of the forex brokers that accepts Visa, Mastercard and Maestro.
- The only available currency is the USD.
- Conversion fees apply if you use another currency other than USD.
- Credit card deposit payments are usually instant, while withdrawals may take up to 1 business day.
- No deposit and withdrawal fees on the broker’ side.
- XTB real account comes with no minimum deposit.
- To trade forex at XTB, they have over 45 forex pairs at 0.2 pips minimum.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
Admirals
Admirals accepts Visa and Mastercard for instant deposits and processes withdrawals up to 10 days, offering one free monthly withdrawal.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Admirals
Admirals, formerly Admiral Markets, is a global forex and CFD broker founded in 2001. Admirals offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader platforms. Admirals is regulated by multiple authorities including CySEC and FCA. Admirals is known for competitive spreads and extensive educational resources. Admirals recently halted onboarding of new EU clients to comply with regulatory standards. The co-founder of Admirals and CEO of Admirals Group is Alexander Tsikhilov.
Admirals Features
The features of Admirals are listed below.
- Visa and Mastercard are available. They also accept credit cards and debit cards.
- Deposits with credit/debit cards are instant, while withdrawals are processed up to 10 days after being accepted by Admirals.
- No deposit fees on the broker’ side.
- 1 free withdrawal request every month, 1%, min. 1 EUR / GBP / CHF / PLN / HUF / BGN / CZK / HRK / RON / SEK.
- Admirals’ minimum deposit is $100 to open a trading account on CFDs or $1 for the Invest account focused on stockbroking.
- Trading forex you can trade over 40 currencies on Admirals with spreads from 0 pips.
Admirals Pros and Cons
Advantages of Admirals
The advantages of Admirals are listed below.
- Extensive Forex Options
- Strong Regulatory Framework
- Advanced Educational Resources
Disadvantages of Admirals
The disadvantages of Admirals are listed below.
- Charges Inactivity Fee
- Mobile App Limitations
- Higher Average Spreads for Some Assets
Vantage
Vantage accepts Visa and Mastercard, ensuring instant, fee-free deposits, processing withdrawals in 3-5 days, and supporting multiple currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Vantage
Vantage is a global multi-asset broker founded in 2009, offering trading on forex, CFDs, commodities, indices, shares, and cryptocurrencies. Vantage provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Vantage is regulated by multiple authorities including ASIC, FCA, and CIMA. Vantage is known for fast execution, competitive spreads, and extensive educational resources. Vantage serves over 3 million registered users worldwide. The Vantage CEO is David Shayer.
Vantage Features
The features of Vantage are listed below.
- Visa and Mastercard are both an accepted payment method.
- Deposits are instant and fee-free on the broker side.
- Withdrawals take between 3-5 after being approved by Vantage and are fee-free on the broker’ side.
- Currencies available include AUD, USD, GBP, EUR,SGD, JPY, NZD,and CAD.
- To open a Vantage account you have to deposit at least $50.
- Forex traders have access to over 40 forex pairs with spreads as low as 0 pips.
Vantage Pros and Cons
Advantages of Vantage
The advantages of Vantage are listed below.
- Competitive spreads and low commissions
- Strong range of asset classes
Disadvantages of Vantage
The disadvantages of Vantage are listed below.
- Not available to US traders
- Customer service could be improved
EasyMarkets
EasyMarkets accepts Visa, Maestro, and Mastercard in Europe for instant, fee-free deposits and supports multiple currencies.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About EasyMarkets
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC. EasyMarkets is known for innovative features like dealCancellation and fixed spreads. EasyMarkets serves clients worldwide and has received numerous industry awards. The EasyMarkets CEO is Nikos Antoniades.
EasyMarkets Features
The features of EasyMarkets are listed below.
- Visa, Maestro, Mastercard (Maestro and Mastercard only europe).
- Deposits are instant and fee-free on the broker’ side.
- Withdrawals take around 2-3 working days and are fee-free on the broker’ side.
- Currencies available to trade with are EUR, GBP, CHF, CAD, USD, SGD, JPY, ZAR and others depending on your location. These others are CZK, MXN, TRY, NZD, CNY, HKD, NOK, SEK, and PLN.
- The minimum deposit with easyMarkets starts at $25, depending on the account type.
- A total of over 100 forex pairs available with floating spreads from 0.3 pips or fixed spreads from 0.7 pips, depending on the account type.
EasyMarkets Pros and Cons
Advantages of EasyMarkets
The advantages of EasyMarkets are listed below.
- Innovative Risk Management Tools
- User-Friendly Platform
- Regulatory Trust
Disadvantages of EasyMarkets
The disadvantages of EasyMarkets are listed below.
- Limited Tradeable Symbols
- Higher Spreads on Some Accounts
- Outdated User Experience
Roboforex
Roboforex accepts Visa, Mastercard, and JCB, completing deposits in five minutes and charging a withdrawal commission, processing transactions over up to 10 days.
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Regulations:
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Avg. EUR/USD Spread:
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Platforms:
About Roboforex
RoboForex is a global forex and CFD broker founded in 2009, offering trading on currencies, stocks, indices, commodities, and cryptocurrencies. RoboForex provides MetaTrader 4, MetaTrader 5, and proprietary platforms. RoboForex is regulated by the Financial Services Commission (FSC) of Belize. RoboForex is known for competitive spreads, extensive educational resources, and multiple account types. RoboForex serves over 4.5 million clients worldwide. The RoboForex CEO is Andrei Dziarnovich.
Roboforex Features
The features of Roboforex are listed below.
- Visa, Mastercard, and JCB are all accepted.
- Currencies available include USD, EUR, CHF, GBP, PLN, CZK, UAH, CNY, MYR, KZT (For JCB only USD, JPY, EUR).
- Deposits are fee-free and processed within 5 minutes.
- Withdrawals have 2.6% + 1.3 USD /2.6% + 1 EUR commission and take up to 10 working days after being accepted by Roboforex.
- Roboforex has a strong selection of account types with a minimum deposit from $10.
- Forex pairs available amounts to more than 40 with spreads starting as low as 0 pips.
Roboforex Pros and Cons
Advantages of Roboforex
The advantages of Roboforex are listed below.
- Diverse Trading Platforms
- Wide Range of Instruments
- Low Minimum Deposit
Disadvantages of Roboforex
The disadvantages of Roboforex are listed below.
- Limited Educational Resources
- Higher Spreads on Some Accounts
- Regulatory Concerns
How do FX brokers process credit card deposits and withdrawals?
Credit card forex brokers for withdrawals are very limited, as you can only withdraw as much as you deposit. Any withdrawals above the amount you deposit will have to be withdrawn by a different method (e.g., wire transfer).
This means, with one of the credit card brokers, if you deposit $1000, you can only withdraw up to $1000. If you use two credit cards to deposit, with one depositing $1000 and the other $500, you will not be able to withdraw $1500 on one credit card but will have to comply with the respective limits dictated by the deposit. So you can withdraw up to $1000 with the first, and up to $500 with the second.
Credit card forex broker withdrawals are in fact processed as “refunds,” which is the only way you can put capital into your credit card from forex brokers or any other source. This is another reason why credit card withdrawals take longer than those offered for deposits which are, on average, very fast, fee-free depending on your credit card company, and processed within the same day.
If you are looking for alternative methods other than credit card transactions, you can take a look at the ranking of the best forex brokers that offer a wide range of alternative deposit and withdrawal methods.
Credit card deposits vs other funding methods
Other than credit cards, there are many methods that forex brokers accept. These often include wire transfers and digital e-wallets. Credit card payments can be fast though, and usually take a few minutes to be processed and reach your trading account with no fee on the broker’s side.
Wire transfers to forex brokers are slower (up to 5 days) with generally no fees. Another method usually available is e-wallets. These are usually instantaneous but charge high fees compared to other funding methods.
Credit cards are the middle ground between these two. There are little to no fees, and payments are usually processed and reach your trading account on the same day.
How to choose the best credit card forex broker
When looking for credit card forex brokers, you must take into consideration the following factors:
- Country of residence;
- Regulation;
- Commissions;
- Alternative deposit methods available.
The country of residence is important, as credit cards may not be offered by the broker in that country. An example is the United States, where forex brokers cannot accept credit card deposits. In addition to the country of residence, it is important to consider the broker’s regulation. Open an account only with regulated brokers. is important because when you deposit money, you need to be sure that you can withdraw it, and not that the broker can run off with your money.
Generally, credit cards charge very few fees, but this may not always be the case. Compare the fees of the major brokers that offer credit cards, and only then choose the broker.
With credit cards, you can only withdraw what you have deposited. Any profits will have to be withdrawn by other methods. Make sure that the broker offers a good range of secondary methods (and low fees), or that the broker presents the withdrawal method you are particularly interested in.
What credit card can you use on your trading account?
Whether you can use one or the other credit card depends on the broker.
You can check your credit card availability on the brokers’ website. With that in mind, generally all brokers accept Visa and Mastercard credit cards. Brokers who accept Maestro credit cards are less common, while AMEX (American Express) cards are rarely accepted.
Is KYC required to deposit by credit card?
All forex brokers require traders to complete KYC checks before depositing by credit card or any other deposit method.
KYC is mandatory as it allows brokers to combat money laundering. It also allows brokers to understand whether the user is eligible to trade forex, and if so to help the user by pairing them with an expert or having them take courses.
Pros and cons
Pros
- Generally, most brokers accept credit cards
- Visa and Mastercard are widely accepted
- Fast deposit processing time
- Low to no fees
- Automatic currency conversion
Cons
- Some countries may restrict credit card transitions
- Withdrawing money takes longer times
- Currency conversion comes with a fee
- Maestro is rarely accepted as a payment method