Compare the 3 best forex brokers that accept Apple Pay in 2024

By:

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

Updated: May 25, 2023

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What are the best Apple Pay forex brokers?

The best forex broker that accepts Apple Pay is Plus500 .

Here are some more Apple Pay forex brokers with low fees, top security, and fast execution speeds:

Most Popular

1

Min. Deposit

$ 100

Best offer

User Score

9.8

Trade +2000 CFDs on Shares, Forex, Indices, Crypto, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads

Start Trading more info

Payment Methods:

American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill

Full Regulations:

ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to trade currencies with a Apple Pay forex broker

It takes about 10 minutes to sign up for an account with a forex broker. Apple Pay is a simple way to deposit the money to fund a trading account. Here’s how to get started. 

Step 1. Sign up with Plus500

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We recommend Plus500 as the best Apple Pay forex broker.

Create an account by supplying your email address, along with some contact details, and ID verification.

Most Popular

1

Min. Deposit

$ 100

Best offer

User Score

9.8

Trade +2000 CFDs on Shares, Forex, Indices, Crypto, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads

Start Trading more info

Payment Methods:

American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill

Full Regulations:

ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2. Go to the payment page on your broker’s website or app

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This is normally situated in the menu bar or sidebar navigation. Look for a ‘deposit’ or ‘bank’ button.

Step 3. Select Apple Pay as your preferred payment method

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Find Apple Pay from the drop down list of ways to transfer money. Select it to set Apple Pay as your default deposit and withdrawal method.

Step 4. Enter the amount you want to deposit into your forex trading account

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Decide how much you want to start with. You may be asked to log in or approve the transaction by Apple Pay before it goes through.

Step 5. Trade your first currency

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Search for a currency pair, such as USD/GBP or GBP/EUR, enter how much you want to spend, and execute the trade.

Quick answers to key questions

What is a Apple Pay forex broker?

A forex broker lets you trade one foreign currency for another to take advantage of price movements of different currencies. A Apple Pay forex broker is a trading platform that lets you make deposits and fund your account with Apple Pay. 

What are the fees and commissions when using Apple Pay brokers?

It depends on the broker. The difference between a broker’s buy and sell price for each currency is the main cost of trading. This cost (known as the ‘spread’) is the same regardless of how you decide to fund your account.

There may be additional fees for depositing or withdrawing funds to your Apple Pay account. Apple Pay fees can vary and are likely to be higher than using a direct bank transfer.

Spend some time researching online brokers to avoid any surprising hidden costs.

Is it safe to trade forex with Apple Pay?

As long as you pick the right platform, yes. Regulated brokers provide investor protection in accordance with local financial regulations. All of our recommended brokers are regulated, but you can check by searching for its registration number with the local regulator.

The best Apple Pay forex brokers also offer robust encryption features that protect your data and keep forex traders secure. 

Do I need to provide ID when trading forex with a Apple Pay broker?

Yes, you will need to provide identification when using a forex broker that accepts Apple Pay. A verification process is standard procedure for all the best brokers, as they have to comply with KYC financial regulations.

The verification process may include anything from some basic financial and personal information to a photo ID. 

Can I use MetaTrader 4 with forex brokers that accept Apple Pay?

Yes. MT4 is a piece of trading software that’s popular with forex traders and available with most brokers. You can download the MetaTrader software and link it to any of your broker accounts.

The same applies to MetaTrader 5, which is simply the latest version of the software.

Do many forex brokers accept Apple Pay?

Yes, Apple Pay is just a means to pay with a debit or credit card from your mobile phone. Lots of forex brokers accept this.

If they don’t, the alternative is to just use your card directly. Every broker accepts card payments, so you can easily fund your account in a few different ways.

Pros and cons of using Apple Pay to deposit funds

When deciding if you should start trading forex with an Apple Pay broker, consider these potential benefits and drawbacks:

What to look for when trading forex with Apple Pay brokers

Once you’ve established that the forex brokers you’re considering accept Apple Pay, you can begin to narrow your search. Consider these factors when choosing a forex broker that accepts Apple Pay

• Low fees. Look for forex brokers that allow you to use Apple Pay, but without taking too much money out of your pocket with high fees or excessively wide price spreads.
• Variety of forex trading options. Many forex brokers like to have multiple trading options at their disposal, including spread betting forex brokers, futures, and CFDs trading. If variety matters to you, look for a forex broker that offers a variety of different trading options.
• Range of currency pairs. Some of the most commonly traded currencies on forex exchanges are the British pound (GBP), US dollar (USD), and euro (EUR), but there are many more currencies that forex brokers can help you trade. If that matters to you, look for a broker that offers a large number of currencies and trading pairs.
• Security. A high level of security is essential when choosing a broker to handle your trades. You’re trusting the platform with your money, after all.
• Great customer service. The best brokers will offer fast, helpful, and responsive customer service, with some of them even doing so on a 24/7 basis.

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