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

This guide explains how to find the best Google Pay forex brokers. Follow our simple walkthrough to make your first deposit.
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Updated: May 25, 2023
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Trade global markets with our top-rated broker, Interactive Brokers.

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Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.
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What you’ll learn:

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  • The best Google Pay forex broker for your budget
  • How to sign up and link Google Pay to your forex account
  • How much Google Pay deposits cost and how safe each broker is

What are the best Google Pay forex brokers?

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The best forex broker that accepts Google Pay is eToro .

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

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1
Min. Deposit
$ 10
Best offer
User Score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

eToro offers real assets only, no CFD products. Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Forex, Indices, Crypto, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads
Start Trading
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.

3
Min. Deposit
$ 0
Best offer
User Score
9.7
Access to a wide range of currency pairs, allowing traders to engage in the forex market with flexibility and diversity.
Competitive pricing in the forex market, ensuring cost-effective transactions and maximizing potential returns.
Offers advanced trading which empowers users to make informed decisions and execute precise trades.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

How to trade currencies with a Google Pay forex broker

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It takes about 10 minutes to sign up for an account with a forex broker. Google 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 eToro

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We recommend eToro as the best Google Pay forex broker.

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

1
Min. Deposit
$ 10
Best offer
User Score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

eToro offers real assets only, no CFD products. Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

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 Google Pay as your preferred payment method

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Find Google Pay from the drop down list of ways to transfer money. Select it to set Google 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 Google 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.

Find broker & start trading

Quick answers to key questions

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What is a Google Pay forex broker?

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

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

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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 Google Pay account. Google 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 Google Pay?

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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 Google 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 Google Pay broker?

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Yes, you will need to provide identification when using a forex broker that accepts Google 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 Google Pay?

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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 Google Pay?

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Yes, most brokers accept Google Pay. You can add your cards to a Google Pay wallet and pay that way. So any broker that accepts card payments will accept Google Pay.

Pros and cons of using Google Pay to deposit funds

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

Pros

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  • Convenient. If you already use Google Pay for everyday purchases, you know how convenient it is to make instant purchases digitally. By linking your Google Pay account to your forex account, you can benefit from that same convenience. 
  • Fast deposits. You can fund your forex account quickly using Google Pay, allowing you to begin trading forex whenever you’re ready. 
  • Secure. Google Pay uses Google’s strong, built-in security and encryption capabilities to ensure that all your transactions (including your forex trades) are well protected.

Cons

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What to look for when trading forex with Google Pay brokers

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Once you’ve established that the forex brokers you’re considering accept Google Pay, you can narrow your search to ensure you find the best broker possible. Consider these factors when choosing a forex broker that accepts Google Pay:  

  • Low fees. Look for forex brokers that allow you to use Google Pay, without taking too much money out of your pocket with high fees and commissions, or excessively wide price spreads. 
  • Variety of forex trading options. Many forex brokers offer multiple trading options, such as spread betting, futures, and contracts for difference (CFDs). If variety matters to you, look for a forex broker that offers numerous different trading options. 
  • Number 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. Look for a forex broker that offers a large number of currencies and trading pairs.
  • Security. A high level of security is essential. Make sure a platform is safe before trusting it with your money.
  • Great customer service. The best brokers offer fast, helpful, and responsive customer service, with some of them even being available 24 hours a day, seven days a week.
Find broker & sign up

FAQs

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What currencies can I trade with Google Pay?
Are there limits to how much I can trade with Google Pay?
What other payment methods can I use when trading forex?
What is forex trading?
How can I keep up with the foreign exchange market?
What currency pairs do Google Pay brokers offer?
What charges are usually applied with a currency exchange?
What’s the best way for a beginner to learn about forex trading?
What is Google Pay?
Who regulates forex brokers in the UK?
Who regulates brokers in the United States?
Who regulates brokers in the rest of the world?
Is trading forex with Google Pay recommended for beginners?
OK, I’m ready to choose a broker


Sources & references
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James Knight
Editor of Education
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.