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27 Best forex brokers that accept debit cards

 

Overview

There are a number of advantages to trading with forex brokers that accept debit cards, as typically traders can apply their earnings when purchasing online or make direct withdrawals from an ATM shortly after closing a trade.

 

 

In this article, we explore the 27 best forex brokers that accept debit cards so that you can kick start your forex trading in 2020 and take advantage of their excellent trading conditions.

 

Here are our Top 10 Handpicked Best forex brokers that accept debit cards:

 

 

Let’s get started with the full breakdown of the 27 Best forex brokers that accept debit cards.

 

Markets.com

 

Overall Rating

4.7/5

Rated #206 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

📱 Trading Desk

MetaTrader 4

MetaTrader 5

Markets.com propietary platform

Crypto

Yes

📈 Total Pairs

67

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Trading at Markets.com allows customers to benefit from tight spreads and zero commissions.

 

 

Tools available for traders include stop-loss, take profit, entry limit, and entry stop orders. Traders can benefit from customizable charts, line studies, and in-depth analysis to design their own unique trading strategies.

 

Pros and Cons

✔️Pros

Commission-free trading

Low minimum deposit

Tight, fixed spreads

Wide range of tradable assets

❌Cons

Customer support can be slow

The best trading conditions are only available on the Pro Account

 

Features

Feature Information
Regulation CySEC, FCA, ASIC, FSC, FSCA
Minimum deposit from $100
Average spread from 1.9 pips
Commissions from 1%
Deposit/Withdrawal Fees None
Maximum Leverage 1:300
Bonuses $25 No Deposit Bonus
Customer Support 24/5

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

As a financial services provider that is based in Cyprus, eToro is subjected to the regulatory oversight of the Cyprus Securities Exchange Commission (CySEC).

Since the launch of the revolutionary eToro trading platform in 2010, the firm has improved on the trading platform tremendously.

This new platform incorporates both the main features of the old Openbook trading platform and Webtrader hence giving clients access to the best of both worlds from a single trading interface.

 

Pros and Cons

✔️Pros

Advanced copy trading software

Low minimum deposit

No deposit fees

❌Cons

High withdrawal fees

High trading fees for forex

Only one base currency available for accounts

 

Features

Feature Information
Regulation CySEC, FCA, ASIC
Minimum deposit from $50
Average spread from 0.75 pips
Commissions from No commission on stocks and ETFs
Deposit/Withdrawal Fees $5
Maximum Leverage 1:30
Bonuses $50 Welcome Offer And $50 Per Referral
Customer Support 24/5 – multilingual

 

Saxo Bank

 

Best UK Forex Brokers Saxo Bank

Overall Rating

4.7/5

Rated #60 of 
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

MiFID

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

170

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Saxo Bank’s speed of innovation and use of disruptive technologies empowers its partners to access financial markets across all asset classes, and innovate through trading and investment technology and services.

Entering the market in 1992, the broker was a fintech pioneer, and has gone on to establish itself as one of the most trusted and respected names in the industry.

 

Pros and Cons

✔️PROS ❌CONS
Low trading fees

Transparent fee structure

Relatively slow account opening

Very high minimum deposit

 

Features

Feature Information
Regulation FCA, ASIC, FINMA
Minimum deposit from $10 000
Average spread from 0.3 pips
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None
Customer Support 24/5

 

Easy Markets

 

Overall Rating

4.9/5

Rated #18 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySEC, ASIC, BVI, FSA

📱 Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

📈 Total Pairs

275+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Easy Markets introduced online trading in 2001 and were the first to offer tools like dealCancellation, Freeze Rate, and Inside Viewer.

When you withdraw from the broker you will receive the funds in the debit card you used to deposit with. And any funds you withdraw that are more than your deposit amount (e.g. profits) will be returned to your bank account.

 

Pros and Cons

✔️Pros

Highly simulated demo environment

Responsive and professional customer support

❌Cons

The Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $25 Sign Up Bonus
Customer Support 24/5

 

IG Group

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IG Group offers spread betting, CFD, and Forex trading across a range of markets. They are FCA regulated, boast a great trading app, and have a 40-year track record of excellence. Trade Forex on 0.0 pip spreads with the world’s leading True ECN forex broker

IG has no minimum deposit for bank transfers but has a $300 minimum deposit for credit/debit cards and PayPal.

 

Pros and Cons

✔️Pros

Excellent customer support

Advanced suite of technical indicators

The secure and well-regulated trading environment

❌Cons

A demo account is only available for 30 days, and not all platforms can be tested

Limited range of currency options

 

Features

Feature Information
Regulation FCA, FSCA
Minimum deposit from No minimum deposit
Average spread from Variable
Commissions from £3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None offered
Customer Support 24/6

 

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

 

Overview

CMC Markets offers an excellent fit for all types of traders, with a broad product offering and an accessible, feature-rich platform (Next Generation). CMC Markets emphasizes customer service, research amenities, and educational resources.

 

Pros and Cons

✔️Pros

An extremely broad range of tradable instruments

Unlimited period on the demo account

No minimum deposit

❌Cons

The lengthy account verification process

High withdrawal fees

Inactivity fee

 

Features

Feature Information
Regulation FCA
Minimum deposit from None
Average spread from 0.7 pips
Commissions from $10
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $250 Referral Bonus
Customer Support 24/5

 

Dukascopy

 

Overall Rating

4.6/5

Rated #17 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FINMA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Dukascopy is a legitimate and trusted broker, attracting thousands of traders from around the world. It offers a superb proprietary trading platform, volume discounts, and its own TV channel for learning.

Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA), Europe’s Financial and Capital Market Commission (FCMC), and Japan’s Financial Services Agency (JFSA).

Debit cards (Maestro, Visa Electron) and credit cards (MasterCard, Visa) are accepted for funding. The funds are usually placed on your trading account within one business day from the moment Dukascopy Europe IBS AS receives your funds.

 

Pros and Cons

✔️PROS ❌CONS
Good choice for high volume traders

Comprehensive analytical tools

Flexible trading on advanced platforms

Good selection of currency accounts

High commission

Charges withdrawal fees

High minimum deposit

Charges inactivity fee

 

Features

Feature Information
Regulation FINMA
Minimum deposit from $100
Average spread from 0.3 pips
Commissions from ‎$49.5 per $1 million traded
Deposit/Withdrawal Fees Varies depending on the method
Maximum Leverage 1:200
Bonuses 10% Equity Bonus
Customer Support 24/5

 

TD Ameritrade

 

Overall Rating

4.5/5

Rated #537 of
Recommended FX Brokers

💰Minimum Deposit

USD 2000

🌐 Regulators

SEC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed-income investments.

It also provides margin lending, and cash management services.

 

Pros and Cons

✔️Pros

Advanced trading platforms

Comprehensive educational offering

Excellent customer support

❌Cons

Limited account funding options

High trading fees

Slow account opening process

 

Features

Feature Information
Regulation SEC, FINRA
Minimum deposit from $ 2000
Average spread from 1.06 pip
Commissions from $6.95
Deposit/Withdrawal Fees $25 for bank transfers
Maximum Leverage 1:50
Bonuses $2 500 Deposit Bonus
Customer Support 24/5

 

City Index

 

Overall Rating

4.7/5

Rated #226 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, MAS

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

City Index is an industry-leading broker for forex, CFDs, and spread betting. You will not pay any commissions for spread betting and CFD trading. Having said that, there is a minimum equity CFD commission of $25.

Those interested in forex trading can find the EUR/USD for as low as 0.5 pips. Overall, fixed spreads and prices are around the industry norm.

 

Pros and Cons

✔️Pros

Advanced trading features

Low trading fees

No minimum deposit requirement for those funding their account with bank transfers

❌Cons

No trade volume discounts

Limited research tools

The demo 12 week period would not be sufficient training for extremely novice traders

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from $100
Average spread from 1.5 pips
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses Deposit Bonus
Customer Support 24/6

 

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

 

Overview

Globally, Forex.com offers an extensive range of offerings, from CFDs, to spread betting to futures, across several different asset classes, though not all are available in every region that it services.

Aside from forex, where it derives its name, Forex.com also offers commodities, indices, individual stocks, bonds, ETFs, unleveraged gold & silver, cryptocurrencies, and futures to provide trading opportunities for all types of traders.

Forex.com also offers client account protection, such as ESMA-mandated negative balance protection and guaranteed stop-loss orders.

 

Pros and Cons

✔️PROS ❌CONS
Low Forex fees Limited asset portfolio
A high number of currency pairs

Well-regulated

High stock CFD fees

 

Features

Feature Information
Regulation FCA, CIMA
Minimum deposit from $50
Average spread from 1 pip
Commissions from Commissions on the commission account only
Deposit/Withdrawal Fees None
Maximum Leverage Variable dependent on instrument traded
Bonuses 20% Welcome Bonus
Customer Support 24/5

 

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

 

Overview

With more than 15 years of experience, XTB Group is one of the largest stock exchange-listed FX & CFD brokers in the world. The broker has offices in over 13 countries including the UK, Poland, Germany, France, and Chile.

 

Pros and Cons

✔️Pros

Low trading fees

Free deposit and withdrawal

❌Cons

High stock CFDs

Limited asset portfolio

 

Features

Feature Information
Regulation KNF, FCA, CySEC and IFSC
Minimum deposit from $250
Average spread from 1.02 pips
Commissions from 0.08% of trade value with an $8 minimum
Deposit/Withdrawal Fees $30 on withdrawals of less than $50
Maximum Leverage 1:500
Bonuses $40 No Deposit Bonus

 

FXCM

 

Overall Rating

4.6/5

Rated #26 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSCA

📱 Trading Desk

MetaTrader 4, Trading Station

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting, and related services.

Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, and meeting strict financial standards.

 

Pros and Cons

✔️Pros

Excellent educational resources for beginner traders

Low minimum deposit requirement

Advanced research tools

Excellent customer support

❌Cons

No Web Trader option available for trading platforms

Rudimentary mobile trading platform

Limited product portfolio

 

Features

Feature Information
Regulation FCA, ASIC, ACPR, FSP
Minimum deposit from $50
Average spread from 1.3 pips
Commissions from £4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $20 Welcome Bonus
Customer Support 24/5

 

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

 

Overview

With Interactive Brokers, clients enjoy commissions as low as $0 for US-listed stocks and ETFs and the lowest commissions on stocks, options, futures, currencies, bonds, and funds from a single integrated account.

The broker offers the lowest margin loan interest rates of any broker, according to Barron’s 2020 online broker review.

 

Pros and Cons

✔️PROS ❌CONS
Wide range of products

Excellent research tools

Well regulated

Complicated account opening process

 

Features

Feature Information
Regulation FCA, ASIC, NYSE, SEC, FINRA, IIROC
Minimum deposit from None
Average spread from 0.1 pips
Commissions from $0.65
Deposit/Withdrawal Fees Varies depending on the payment method
Maximum Leverage 1:40
Bonuses None
Customer Support 24/6

 

Oanda

 

Overall Rating

4.9/5

Rated #194 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC

📱 Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Crypto

Yes

📈 Total Pairs

45 

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

OANDA is well known to experienced traders in the forex market.

Its proprietary platform, fxTrade, offers an excellent desktop trading experience which, when coupled with superior research and analysis features, is well suited to traders who already know what trading the retail foreign exchange market entails.

 

Pros and Cons

✔️Pros

User-friendly trading platform

Low minimum deposit

Low trading fees

❌Cons

Lack of decent customer service

High withdrawal fees

Limited instruments for forex and CFDs

 

Features

Feature Information
Regulation FCA, RFED
Minimum deposit from None
Average spread from 1.6 pips
Commissions from $0.01 USD per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:100
Bonuses None
Customer Support 24/5

 

London Capital Group

 

Overall Rating

4.8/5

Rated #47 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

SCB
📱 Trading Desk
No Trading Desk
Crypto

Yes

📈 Total Pairs
60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

London Capital Group (LCG), founded in 1996, has continued to keep pace in the highly competitive and ever-changing online brokerage landscape.

LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes.

 

Pros and Cons

✔️Pros

Well regulated

Comprehensive educational offers

Low minimum deposit

❌Cons

No fixed spread accounts

ECN account can be pricey

 

Features

Feature Information
Regulation FCA
Minimum deposit from $1
Average spread from 0.75 pips
Commissions from $45 per $1,000,000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses None
Customer Support 24/5

 

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