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Credit Card Forex Brokers

Compare Forex brokers that accept credit cards to fund your online trading account. Understand the pros and cons of using a credit card to trade online, from your very deposit to your first withdrawal.

Flexible leverage ?Commission / lot ?Min. deposit ? 
ForexMart
ForexMart
ECN Standard
Risk warning ?
2 pips
1:500
$0$1
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ForexMart
ForexMart
ECN Zero Spread
Risk warning ?
0 pips
1:500
$Variable$1
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Plus500
Plus500
Retail Account
Risk warning ?
Variable pips
1:30
£0£100
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FXTM
FXTM
Standard Account
Risk warning ?
1.8 pips
1:30
$0$100
Read review »
FXTM
FXTM
ECN Account
Risk warning ?
0.4 pips
1:30
$2$500
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FxPro
FxPro
MT4 Fixed - Instant Exec.
Risk warning ?
1.7 pips
1:500
$0$500
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FxPro
FxPro
MT4 Floating - Instant Exec.
Risk warning ?
1.6 pips
1:500
$0$500
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FxPro
FxPro
MT5 Floating - Market Exec.
Risk warning ?
1.6 pips
1:500
$0$500
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FxPro
FxPro
MT4 Floating - Market Exec.
Risk warning ?
1.4 pips
1:500
$0$500
Read review »
FP Markets
FP Markets
Standard ECN Account (MT4)
1.66 pips
1:500
$0$100
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FP Markets
FP Markets
ECN Raw Account (MT4)
0.66 pips
1:500
$3.5$1000
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FP Markets
FP Markets
Standard ECN Account (MT5)
1.66 pips
1:500
$3.5$100
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FP Markets
FP Markets
ECN Raw Account (MT5)
0.66 pips
1:500
$3.5$1000
Read review »
LiteForex
LiteForex
Classic Account
Risk warning ?
2.8 pips
1:500
$0$50
LiteForex
LiteForex
ECN Account
Risk warning ?
0.5 pips
1:500
$10$50
InstaForex
InstaForex
Eurica Account
0 pips
1:1000
$30$1
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InstaForex
InstaForex
Standard Account
3 pips
1:1000
$0$1
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HotForex
HotForex
Micro Account
2 pips
1:1000
$0$50
Read review »
HotForex
HotForex
Premium Account
2 pips
1:400
$0$500
Read review »
HotForex
HotForex
Islamic Account
2 pips
1:400
$0$500
Read review »
HotForex
HotForex
Fixed Account
2.3 pips
1:400
$5$500
Read review »
     

Why use a credit card?

  • Fund your account online 24/7 using your Visa or MasterCard.
  • Activate and fund your account within hours.
  • Make direct withdrawals to your credit card.

Your first deposit

Most brokers are required either by law or regulation to check their customers' identity before doing business with them. These procedures, also known as 'Know Your Customer' (KYC), are in place to prevent identity theft, money laundering and the financing of terrorism.

If you fund your account by credit card, you can expect your broker to request a copy of the card. We suggest sending only the front side of the card, unless requested otherwise, to keep the card security code private. The card security code is a three or four-digit number found on the back of MasterCard, Visa, Diners Club and Discover credit cards.

If you're with American Express, the card security card is known as a unique card code (CID) and appears the front side of the card above the card number.

In an attempt to fight credit card fraud, some brokers set a cap on amounts you can deposit by card. That threshold stands at US$15,000 in the case of HotForex (HotForex.com).

Others, such as HYMarkets (HYCM.com), may request a credit card authorization form if you plan to deposit over US$ 10,000. The form is a statement designed to protect them against costs associated with charge backs from credit card companies in the event of fraud.

Credit card fees

Most brokers charge no fees on incoming deposits. However, intermediary banks and credit card companies can charge between 2% and 3% depending on the funding currency. This is typically deducted from the amounted deposited into your online trading account.

Deposit up to 5% more than the minimum required to allow enough headroom for fees.

Additional deposits

Once your credit card is linked to your online trading account, you can expect your broker to turn to it to fund margin calls should your account's equity falls below threshold. This is standard practice but can come as a surprise to new investors.

If your credit card limit is set low or your trades are highly leveraged, one or more margin calls could max out your credit card. Your credit card company could either impose a fee and/or freeze your credit card altogether until you've paid down your debt. This can have immediate consequences on your everyday life and that of your loved ones.

Know your credit card limit and manage your risks carefully when trading online with your credit card. Implement stop loss, take profit orders and other risk management strategies to cap your losses.

Plan for withdrawals

Last but not least, you’ll want to plan ahead for withdrawals before making your very first deposit. Most brokers will only allow withdrawals to the original source of funds - whether that is a credit card, debit card or bank account.

Brokers complying with anti-money laundering regulations and credit card company regulations may restrict the maximum credit card withdrawal to the amount deposited by card. Any profits above that can be withdrawn to a bank account in your name.

If you have deposited funds using multiple credit cards or bank accounts, most brokers will transfer funds to the last funding source - whether that is a credit card, debit card or bank account.

Read your broker's customer agreement carefully because withdrawal policies vary from one broker to the next.

FXTM

Trade 45 currency pairs and CFDs on shares, indices and metals with market execution ... More

Risk warning ?

FP Markets

Trade 50+ FX pairs as well as CFDs on metals, indices and commodities through MT4 wit... More

AvaTrade

Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, ind... More

Risk warning ?

HotForex

Trade Forex as well as CFDs on cryptocurrencies, shares, indices, metals and more on ... More