Debit Card Forex Brokers
A debit card is a fast and cost-effective way to fund your online trading account. Compare Forex brokers and online trading sites that accept debit cards.
Why use a debit card for deposits?
- Fund your account online 24/7 using your debit card.
- Activate and fund your account within hours.
- Cheaper than bank and credit card payments.
Need for speed
Using your credit or debit card often is the fastest and easiest way to deposit funds into your online trading account. You can make the payment from the comfort of your own home at a time that suits you without having to contact your bank manager.
If your broker receives the funds during business hours, your deposits should be available within hours on the very same day. In fact, you can expect the funds to hit your account within 5 to 10 minutes with HYMarkets (HYCM.com) and HotForex (HotForex.com). If your broker receives the funds outside of business hours, your deposit should be available on the following business day.
However, using your credit or debit card may not be an option if you are looking to deposit very large sums of money. HotForex (HotForex.com) won't accept card deposits over $15,000. Instead, you should deposit funds through bank wire instead which can take anywhere between 1 and 5 business days to clear.
Debit card fees
Debit cards such as Visa Electron, Maestro and others are a highly cost effective ways to fund your online trading account. They have a distinct advantage over credit card companies that typically charge between 2% and 3% for processing your payment.
Last but not least, using a debit card for deposits won't entirely sidestep the need for a bank account because most brokers won't allow you to withdraw more to your card than the amounts you deposited. Instead, you'll need a bank account in your name to withdraw profits. This is to comply with anti-money laundering regulations.
- Related articles
- Bank Wire Forex Brokers & CFD Providers
- Credit Card Forex Brokers
- Debit Card Forex Brokers
- China UnionPay Forex Brokers
- Skrill Forex Brokers
- MoneyGram Forex Brokers
- NETELLER Forex Brokers
- paysafecard Forex Brokers
- Paypal Forex Brokers
- Perfect Money Forex Brokers
- WebMoney Forex Brokers
- Western Union Forex Brokers
Trade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping ... MoreTrade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping and all EAs allowed on MetaTrader 4 or MetaTrader 5. Available swap-free.
Risk warning ?
Trade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT4 ... MoreTrade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT4 with this true ECN account. Get fast execution speed over dedicated fibre optic links to New York.
Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and... MoreTrade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. AvaTrade accepts all MetaTrader 4 EAs except those with a focus on arbitrage.
Risk warning ?