Credit card Forex brokers, are FX brokers that allow their traders and clients in general to deposit and withdraw money using their credit card. The most important benefits of trading with Forex brokers that accept credit cards, is the ease, speed and security of our transactions.

Credit cards are one of the safest and easiest methods to deposit or withdrawal from an online trading account. They are widely accepted by all the top online Forex brokers out there. Brokers that are registered with the Financial Conduct Authority (FCA) in the UK, will only accept deposits from the infamous plastic cards in order to avoid money laundering, and avoid any fraudulent activity.

It is important to remember that you can claim a refund from a trading company on your credit card. However, keep in mind that MasterCard will not accept refunds from spread betting or CFD trading companies.

Many FX brokers accept credit cards or debit cards as means of payments and funds management, in regards to other popular payment methods used by other brokers like PayPal and Neteller.

Credit Card Forex Brokers List

There are many brokers who find credit and debit cards as acceptable forms of payment, including: XTB and Plus500.

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

Advantages of Credit Card FX Brokers

You are probably asking yourself as a trader, why you should choose a Forex broker that provides you with the option to use credit and debit cards as a form of payment. Before the trend of credit and debit cards for transactions, traders relied on bank wire transfers for depositing money to, or withdrawing profit from their accounts. It used to be a slow process with many limitations that were inflicted by banks. However, with credit card and debit card transaction, slow is a thing of the past. Credit and debit card transactions are quicker and less restricted, and some Forex brokers even provide the choice that permits traders to have a customized prepaid card that is commonly used for retail online shopping while withdrawing funds from Forex accounts.

Another benefit that credit and debit card FX brokers offer, besides speed, is that they are completely and one-hundred percent safe. With credit and debit cards, the verification process for identifying the card ensures traders that they are safe enough to utilize their cards for deposits and withdrawals. Also, withdrawal requests take too long with other forms of payment. However, with credit and debit card use, there is definitely significance in its facilitation and rapidity of processing withdrawals.

Disadvantages of Credit Card FX Brokers

Despite the convenience and fast pace of credit and debit card transactions, there are a fair few drawbacks. The first drawback is that there is a high fee in credit card transactions, compared to online payment methods and electronic-wallets. Credit cards can be considered a form of harm to a trader’s financial situation; this means that some people spend more than they can afford.  A very common form of negative and harmful financial behaviour is the fact that most people rack up a big amount of credit card debt. By racking up credit card debt, individuals will have to pay the full amount of the financial debt and interest.

The final drawback is in the case of you losing your credit card, damaging it, or if it simply expires. With FX brokers, they abide by different regulatory guidelines, which mean that they only permit traders to withdraw funds to the credit and debit card they are initially using to put money into their account. In the case that something happens to the credit card, it will be extremely hard for traders to withdraw their funds through other forms of payment.