Compare the best brokers to trade forex with Apple Pay

Are you looking for a convenient way to trade forex? Trading with Apple Pay could be for you.
Tip: our preferred broker is, eToro: visit & create account

Apple Pay can be a fast and convenient way to trade forex. Keep reading to learn how to find the best brokers that you can use to trade forex with Apple Pay, and why you might want to use them. 

Here are the best forex brokers that accept Apple Pay

When searching for the best forex brokers that accept Apple Pay, you want to consider multiple factors. We’ve compiled a list of the top forex brokers that accept Apple Pay in the table below: 

Rank
Broker
Special Offer
Min Deposit
Spreads From
Rating
Max Leverage
Regulations
Support
Start Trading
1
EUR/USD from 0.5 pips
$200
1 PIPs
30:1
CySEC, FCA
1
Spreads From 1 PIPs
Max Leverage 30:1
Min Deposit $200
2
Lifetime demo account
$250
0.25 PIPs
400:1
CFTC
2
Spreads From 0.25 PIPs
Max Leverage 400:1
Min Deposit $250
3
No commissions
$100
0.7 PIPs
30:1
NFA, CFTC, FCA, FSA, IIROC, CIMA, FFA Japan, MAS, SFC of Hong Kong
3
Spreads From 0.7 PIPs
Max Leverage 30:1
Min Deposit $100
4
Rapid Forex Transactions
$10
0.8 PIPs
500:1
4
Spreads From 0.8 PIPs
Max Leverage 500:1
Min Deposit $10
5
0% Commission &
Eco Accounts
$10
0.7 PIPs
500:1
5
Spreads From 0.7 PIPs
Max Leverage 500:1
Min Deposit $10

What is an Apple Pay forex broker?

A forex broker lets you trade one foreign currency for another. An Apple Pay forex broker is a broker that lets you trade Forex using Apple Pay.  

Pros and cons of trading forex with Apple Pay

When deciding if you should trade forex with Apple Pay, consider these potential benefits and drawbacks:

Pros

  • Not universally accepted. Not all forex brokers and exchanges accept Apple Pay, so you’ll need to do some research to find a platform you want to use that does. 
  • Not anonymous. When you use Apple Pay to make a purchase, you are transmitting certain financial information, compromising some of your privacy and anonymity.

Cons

  • Convenient. If you already use Apple Pay for everyday purchases, you know how convenient it is to make instant purchases digitally. Likewise, by linking your Apple Pay account to your forex account, you can benefit from that same convenience. 
  • Fast Deposits. You can fund your forex account quickly using Apple Pay, allowing you to begin trading forex whenever you’re ready. 

What are the fees and commissions when using Apple Pay to trade currencies?

The fees associated with trading forex with Apple Pay typically aren’t that high, with transactions generally costing only a pound or two. Forex brokers typically take their biggest cut in the form of the spread offered between the bid and ask prices of the currency pair that you want to trade, so it’s always good to investigate these before trading.

What to look for in an FX broker that accepts Apple Pay

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, futures, and contracts for difference (CFDs). If variety matters to you, look for a forex broker that offers a variety of 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. If that matters to you, look for an Apple Pay forex broker that offers a large number of currencies and trading pairs.
  • Security. A high level of security is essential when choosing an Apple Pay forex broker to handle your trades. You’re trusting the platform with your money, after all.
  • Great customer service. The best Apple Pay forex brokers will offer fast, helpful, and responsive customer service, with some of them even doing so on a 24/7 basis.

Is forex trading with Apple Pay secure?

Yes, trading forex with Apple Pay is usually secure. The best Apple Pay forex brokers offer robust encryption features that protect your data and keep your trading secure. 

Do I need to provide ID when using an Apple Pay forex broker?

Yes, you will need to provide identification when using an Apple Pay forex broker. Forex brokers usually need to abide by KYC guidelines, making a verification process standard procedure. The verification process may include everything from some basic financial and personal information to a photo ID. 

How to fund your currency trading account with Apple Pay

While different forex brokers can have slightly different procedures for making trades, most follow a general framework of steps. Here are those steps:

  1. Find the payments page on your forex broker’s website or app.
  2. Select Apple Pay as your preferred payment option.
  3. Enter your Apple Pay information (or press confirm on your smartphone as instructed).
  4. Enter the amount you want to deposit into your forex trading account.
  5. Click confirm.

FAQs

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