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10 Best Forex Brokers Accepting Debit Cards

Best forex brokers accepting debit cardsBest forex brokers accepting debit cards

 

Overview

Debit cards alongside credit cards are two of the most popular and frequently-used payment methods that allow traders to deposit funds to their trading accounts. It also allows traders to make quick, secured withdrawals from their trading accounts without much hassle.

Traders are urged to ensure that they use regulated and validated forex brokers through which to trade different financial instruments, ensuring that they can receive the best trading solutions, secure payment options, and completely transparent trading environments.

 

Forex.com

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

Forex.com is one of the largest forex and CFD brokers in the industry that was established in 2001. In the past two decades, Forex.com has grown to become one of the most popular ECN, DMA, and STP brokers that connects traders to several financial markets.

Traders are given a choice between 4,500 financial instruments that can be traded. An advantage of using Forex.com is that the broker offers a proven execution scorecard that ensures rapid trade execution speeds.

Forex.com is an industry-leading forex broker with innovative trading technology and trusted funding methods.

Pros and Cons

PROS CONS
Offers a wide range of trading instruments Inactivity fees apply to dormant accounts
Provides DMA retail investor accounts
Trading Central is offered
Advanced trading platforms supported
There is commission-free trading offered
A dedicated program is provided to active traders

 

XTB

Overall Rating

4.6/5

Rated #69 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA, CySEC, IFSC, KNF

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XTB

 

Features

XTB is a well-regulated, large, and reputable NDD broker that was started in 2004 and which has made a decent name for itself in the forex and CFD trading community. XTB is based in Poland and the United Kingdom, and it is a stock exchange-listed broker that caters for retail traders as well as professional investors.

Traders are provided with over 2,000 financial instruments that can be traded through powerful, innovative proprietary trading platforms and third-party software.

Pros and Cons

PROS CONS
Well-regulated broker Inactivity fees apply
Tight spreads are given US clients are restricted from service
There is a comprehensive trading academy
Minimum deposits are low
Traders have a choice between reliable funding options
There is live commentary available

 

FXTM

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

FXTM is an award-winning CFD and forex broker that offers a choice between retail trading accounts. Traders can choose an account that suits their needs to trade over 250 financial instruments across several financial markets.

FXTM offers competitive trading conditions, a choice between trading platforms, and premium trading tools and education. FXTM welcomes all traders despite their trading needs, trading objectives, styles, or level of trading experience and knowledge.

Pros and Cons

PROS CONS
Well-regulated and trusted Inactivity fees apply
Low minimum deposit required to start trading No US clients
Educational materials and trading tools offered
There is dedicated multilingual customer support offered
Commission-free trading provided
Quick and easy account registration

 

Plus500

Overall Rating

4.9/5

Rated #55 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA

Crypto

Yes (Availability subject to regulations)

📱 Trading Platform

WebTrader

📈 Total Pairs

70

📊 Trading Fees

Low

🕒 Account Activation Time

Varies

🏛️ Visit Broker

 

Features

Plus500 is one of the leading CFD brokers in the industry that provides award-winning proprietary trading software. Plus500 offers more than 2,000 financial instruments that can be traded with the added advantage that traders are not charged any commission fees on trades.

In addition to this, traders have access to helpful and dedicated customer support that can be contacted 24/7 through different communication channels. Plus500 is also well-known for competitive trading spreads, innovative tools, and fast trade execution.

Pros and Cons

PROS CONS
Deposit and withdrawal fees are not charged Inactivity fees will apply to a dormant account
Multilingual customer service available 24/7 No US clients allowed
More than 2,000 financial instruments
Flexible account funding
Commission-free trading provided
Trusted and well-regulated CFD broker

 

CMC Markets

Overall Rating

4.7/5

Rated #227 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

300

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

CMC Markets is a popular United Kingdom-based Market Maker CFD and forex broker with respective regulations with the Financial Conduct Authority (FCA). In addition, CMC Markets is also regulated by ASIC, MAS, IIROC, and FMA to provide its comprehensive trading solutions to traders in several other regions globally.

CMC Markets offers more than 10,000 financial instruments that are spread across several asset classes. These can be traded using powerful trading platforms that can be used across several compatible devices including internet browsers, mobile apps, and desktop platforms.

CMC Markets is one of few forex brokers who are also listed on a stock exchange, namely the London Stock Exchange (LSE) listed under the ticker symbol CMCX.

Pros and Cons

PROS CONS
Well-regulated and trusted forex and CFD broker Marked-up spreads are charged
Offers over 10,000 instruments No US clients
Member of the FSCS in ensuring client asset protection No FIX API or copy trading
Zero minimum deposit required
Offers innovative trading technology
Client fund security is guaranteed

 

Interactive Brokers

Overall Rating

4.9/5

Rated #41 of
Recommended FX Brokers

💰Minimum Deposit

🌐 Regulators

FCA, ASIC, NYSE, SEC, FINRA, IIROC. Regulated in Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

Interactive Brokers is not only a large and reputable forex broker, but it is also one of the first that was established. Since 1978, Interactive Brokers has been offering comprehensive and tailor-made trading solutions and conditions to retail traders, investors, and institutional clients from around the world.

There are several different retail investor accounts to choose from and these can be used to trade more than 125 different markets in 31 countries. Traders are given access to powerful proprietary trading platforms through which they can carry out trades, conduct different analyses, use trading tools, access educational materials, and more.

Pros and Cons

PROS CONS
Multi-regulated and reputable forex broker Fixed spreads are not offered
Offers innovative trading technology Restricted leverage offered
Competitive trading conditions guaranteed Limited payment options
Offers comprehensive trading education
Offers a choice between advanced trading tools
Popular and trusted forex broker

 

IC Markets

Overall Rating

4.7/5

Rated #37 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC, CySEC, FSA, SCB

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

Founded in 2007, IC Markets is one of the largest ECN forex brokers in the industry that offers traders competitive trading conditions, a range of flexible funding options, and a transparent trading environment in which they are safeguarded.

IC Markets has the necessary regulations and authorisation to provide traders from around the world with competitive trading conditions, commission-free trading options, and dedicated customer support.

Pros and Cons

PROS CONS
IC Markets is a multi-regulated ECN broker Fixed spreads are not offered
Traders can expect a choice between trading platforms US clients are not accepted
There is a decent selection of tradable instruments
Traders can benefit from free deposit and withdrawal options
Supports a wide range of trading strategies
Social trading is supported and there are no inactivity fees

 

FP Markets

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

FP Markets is an award-winning STP, DMA, and ECN broker based in Australia with regulations and authorisation granted by the ASIC, CySEC, and SVG FSA to provide tradable financial instruments spread across several financial markets.

Traders can choose between 10,000 financial instruments that can be traded through tailor-made retail investor accounts. Features that traders can expect from their trading accounts include tight spreads, fast trade execution, and overall low trading costs.

FP Markets also offers flexible funding options that include debit cards, credit cards, wire transfers, and a choice of online payment gateways.

Pros and Cons

PROS CONS
FP Markets guarantees no-requotes and NDD execution US clients are not accepted
Inactivity fees do not apply even if the account goes dormant FP Markets does not offer fixed spread retail accounts
FP Markets is trusted and well-regulated
FP Markets is known for its ECN pricing
There are raw and tight spreads with commission-free options offered
There are more than 10,000 tradable instruments

 

Vantage FX

Overall Rating

4.7/5

Rated #66 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

VFSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

Vantage FX is a large and trusted facilitator of online trading across different financial markets. Traders can choose from different retail investor accounts that feature different benefits and features, catering to the trading needs and objectives of different traders.

Vantage FX also offers dedicated customer support, tight spreads, and prices obtained from some of the best liquidity providers including BNP Paribas, Citibank, JP Morgan, and several others.

Pros and Cons

PROS CONS
Vantage FX is a flexible trading provider that welcomes all experience levels US clients are not accepted
Commission-free trading is offered There are no fixed spread accounts offered
There are many social trading opportunities offered There are limits imposed on the leverage that EU clients can use
Traders are given a range of educational materials
Well-regulated and trusted broker
Offers ECN and STP execution

 

AvaTrade

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

AvaTrade is the most popular trading broker in the industry that provides more than 1,250 financial instruments that can be traded across forex, cryptocurrencies, options, commodities, shares, indices, and several more.

AvaTrade caters for beginner traders and seasoned investors by offering low trading costs and unique and powerful trading platforms. Traders can use the trading software across several devices, ensuring that they can access their trading account no matter where they are.

AvaTrade also supports flexible funding options such as debit cards, electronic payment gateways, wire transfers, and several others.

Pros and Cons

PROS CONS
Offers commission-free trading US clients are not allowed
Social trading is offered across different platforms There are no variable spread accounts offered
More than 1,250 financial instruments can be traded
There are no deposit or withdrawal fees
Flexible funding options offered

FAQ

Which forex brokers accept deposits with debit cards?

Most forex brokers offer traders the chance to deposit funds using debit cards because it is one of the easiest deposit methods today.

 

Do I need ID to use an online trading platform?

Yes, most well-regulated forex brokers will have a “Know Your Customer” procedure that requires valid identification to verify the trading account.

 

Should I use an ECN or Market Maker broker?

This will depend on your unique financial situation and your trading experience. Market maker brokers are cheaper, and they offer a wide range of tradable assets. ECN brokers offer competitive forex trading and cater to a wide range of forex traders, but they are more costly because they offer tighter spreads and faster execution speeds.

 

Why should I use debit cards as my deposit/withdrawal method?

Because it is a reliable and fast way to deposit/withdraw funds.

 

How do I pick a decent Debit Card forex broker?

Choose a broker that accepts funding in debit cards that caters for your country of residence, and which is a well-regulated and trusted broker.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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