Best Forex Brokers with Prepaid Mastercard

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 10 min read
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If you are thinking about signing up with a new broker, then one of the big perks you can be provided with is the use of a proprietary debit card for use with that broker. These cards combine all of the great standard benefits you would get from any card, but with the added convenience of being closely linked to the broker. This helps you reduce fees and unlocks a range of other benefits.

All of this while you also keep access to some of the most recommended forex trading platform choices in the sector, and more with these brokers.

Here we will take a closer look at exactly what each of the top 7 forex brokers with prepaid mastercard, visa, and other options has to offer in terms of their proprietary cards, and help you get to know exactly which one is the best choice for you.

Table of contents

How to get a Broker’s Proprietary Card

So, if you are interested in getting the proprietary card from your broker, 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 very easy. 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.

Top 7 Forex Brokers with Prepaid Mastercard

When it comes to proprietary cards, here are the top 7 forex brokers we have found that can offer you a prepaid Mastercard if you are a trader with them:

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76.69% of retail investor accounts lose money

1. NAGA Trader

The first proprietary card featured from any broker, is the NAGA Card of Naga Markets. They are a well-recognized and respected broker around the world who are continuing to grow in terms of their reputation among traders. This is thanks in part to some excellent features which keep them as accessible as possible with traders, particularly within the copy and social trading sector.

Their proprietary card is a Mastercard which is able to cater for multiple currencies. These include the three major currencies that you would expect in the form of the Euro, USD, and GBP. With this card you can easily make use of worldwide ATM withdrawals and take advantage of the top-tier security which both the broker, and the card provide. Ultimately, this will make your Naga Markets withdrawals and transactions and even faster, and smoother process than they already are.

78
Rated: Excellent
Security 93
Cost 79
Trading 68
Education 55

Platforms: Proprietary Web Platform Regulations: FCA, MIFID-ESMA, CYSEC Minimum Deposit: 0
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79% of retail investor accounts lose money

2. Swissquote

The next broker we are featuring on our list of those to provide the best proprietary cards, is Swissquote. They again are a broker who have a top reputation in the industry, and an operation which is highly transparent throughout. They too offer a multi-currency solution with a total of 4 different broker Mastercards made available.

These cards include a physical credit card, a prepaid card, and a digital credit card from which you will have access to one which meets your needs. With the broker fees when it comes to these cards, the first year of use on any of these cards is typically free of any fees. After that time, a fee of $100 is applied depending on the card type you have chosen.

The cards are all very convenient and flexible and cater for a weekly withdrawal of up to $1,000 where required. The fees on withdrawals and conversions here also remain very competitive with a 3.5% fee on withdrawals, and a 1.5% fee on conversions if you choose these cards.

84
Rated: Excellent
Security 98
Cost 76
Trading 75
Education 80

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FINMA, FCA, MIFID-ESMA, SFC, DFSA Minimum Deposit: 0
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75.7% of retail CFD accounts lose money

3. ActivTrades

The ActivTrades Mastercard is next on our list. When it comes to proprietary broker cards, this Euro Mastercard is an excellent choice. At the moment, they are not accepting new prepaid users, but if you are to get a card in the future you can look forward to many great benefits from this option.

The minimum top-up amount required for this card is €50, with a max top-up amount of €3750 permitted at the moment. You can freely use the card online or to withdraw cash from ATM machines with a €400 daily limit on withdrawals.

The fees and charges on the ActivTrades card remain very competitive though there are a few to be aware of. Namely these are a 1.5% fee if you use it outside the EU, a 10% fee in hotels and restaurants, and a €50 fee for use in petrol stations. Still the card provides a convenient solution if you are looking to add a broker proprietary card to your wallet. If you need to cancel the card, there is a €15 fee, and you should contact ActivTrades for blocking or cancellation if needed.

79
Rated: Excellent
Security 94
Cost 74
Trading 72
Education 58

Platforms: Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, DFSA, Offshore Minimum Deposit: 1000
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74-89% of retail CFD accounts lose money

4. Interactive Brokers

The next one on the list for prepaid broker Mastercards is the IBKR Debit Mastercard. This from the top US and international forex broker offers a top quality service around the world where you can access your funds in almost any location and with no monthly minimum repayments to worry about since it is a debit card.

The card, just like the broker, takes security seriously and they have 2 factor authentication in place to protect you, as well as the ability to both lock and unlock the card directly from your phone. The card itself is excellent value in that it is fee free, a great benefit, and it also allows for a high limit of $1,000 per day to be withdrawn at ATMs.

80
Rated: Excellent
Security 95
Cost 71
Trading 71
Education 75

Platforms: Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: MAS, FCA, CFTC, MIFID-ESMA, ASIC, IIROC, SEC, CYSEC, Offshore Minimum Deposit: 0
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61.14% of retail investor accounts lose money

5. Instaforex

Next in our collection when it comes to the top proprietary cards from brokers is the InstaForex Debit Benecard. This is a Mastercard offered by this top broker who continue to grow in popularity within the industry. The card can be applied for through the Client Cabinet of the broker website.

When it comes to the associated costs. There is a yearly membership fee of €29 or $34.95 for the card. Added to that, there is a delivery fee of $89.95. When using this card, your maximum withdrawal limit from an ATM will be $200 per withdrawal, $400 daily, or $1,000 every 4 days. There is also a 1% transaction fee applied with a minimum of $10 or €8 charged. This card may be a good choice if you need something for occasional use as a trader.

80
Rated: Excellent
Security 95
Cost 79
Trading 73
Education 61

Platforms: Mirror Trader, ZuluTrade, MT5 Desktop, Proprietary Web Platform Regulations: MIFID-ESMA, CYSEC, FSC (British) Minimum Deposit: 1
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(Your capital is at risk)

6. Amana Capital

The next card we will look at as a proprietary card offered by a top broker, is the Amana Capital UnionPay Prepaid Card. This UnionPay card is available in US Dollar currency only, and is conveniently accepted in stores, at ATMs, and online.

With this card you can avail of dedicated online support from the broker team if you need it. When you make a deposit to the card, this can take up to 2 business days to process. You should note that the card also has a 1 year expiration date, so you would have to renew it to continue use at that time.

The ATM limit for making withdrawals with this card is higher than some others, at up to $2,000 per day. This is perfect if you need it, though you should note that there is a 1.5% fee on cash withdrawals with the card. The minimum deposit you can make to this prepaid card is $50, and this comes with a $3 fee attached. Should you lose the card, there is also a $10 charge to replace it if it is lost, damaged, or stolen. Still though, it is a very versatile and convenient prepaid broker card choice.

72
Rated: Excellent
Security 92
Cost 68
Trading 60
Education 57

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, DFSA, CYSEC, Offshore Minimum Deposit: 50
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83% of retail CFD accounts lose money

7. Dukascopy

The Dukascopy Visa Debit Card is another option for you if you are looking for a proprietary broker card which is prepaid. This prepaid card is flexible in the fact that it can cater for multiple currencies. EUR, USD, GBP, and CHF are all supported. The card is very secure too with a video identification process required to obtain it.

One of the huge benefits of having this card is that you can take advantage of better exchange rates with the broker as a card holder. You will also be glad to note that the card is generally fee free in terms of maintenance, opening, and closing. The only fee noted is the deposit and withdrawal fees of the card. These can vary from 0.5% to 2.5% depending on the transaction and where you are sending money to, but all round, this card is a very competitive, and accessible choice.

89
Rated: Excellent
Security 96
Cost 66
Trading 100
Education 71

Platforms: Mirror Trader, Proprietary Web Platform Regulations: FSA, FINMA, FCA, MIFID-ESMA Minimum Deposit: 100

Broker’s Proprietary Card vs other cards

What is the difference between using a broker’s proprietary card against using any other type of card. Well, the answer is that 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 deposit and withdrawals, lower conversion fees, and all round faster payment processing on both ends.


About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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