10 Best Forex Brokers for Credit Card Deposit for 2023

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.

In this article you will find a list of the best credit card forex brokers.

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

What are the best credit card forex brokers?

Below our curated list of the best forex brokers that accept credit cards, along with an in-depth analysis of their distinctive features and traits.

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 Any withdrawals above the amount you deposit will have to be withdrawn by a different method (e.g., wire transfer).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