The best Forex brokers that offer prepaid card options, according to our research, are:
- Interactive Brokers
- Amana Capital
Among the factors we have taken into account we can find:
- The availability of Mastercard prepaid cards or similar.
- The fees charged on brokers’ prepaid cards.
- The uses the trader can make of the prepaid card.
Broker’s Proprietary Card vs other cards
When it comes to your usual card benefits like international deposits and withdrawals, and more, as well as the safe and reliable service that your card offers, then there will be no change. You can still rely on these great things.
The only areas that really change are in terms of extra improvements. This means transactions and communications between your broker and you, using the proprietary card should be easier with possibly lower fees on deposits and withdrawals, lower conversion fees, and all-round faster payment processing on both ends.
How to get a Broker’s Proprietary Card
The usual process does not change much from what you would typically expect if you are signing up with any top forex broker.
That is that you first must open up a live trading account. Of course, to do this you will need to pass the verification process for that broker. This typically means verifying your identity and residence. You should then make a deposit with the broker to get your account ready to trade.
Once you have done that, the process of receiving your card should be straightforward. Just a simple request to the broker is all which is usually needed. Some forex brokers may charge a small fee to deliver the card, though others may not. Either way, it will not break the bank in receiving your new proprietary card.
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