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.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jun 30, 2021
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 leading options in the table below, or you can keep reading to learn more about how to choose between them. 

1
Min. Deposit
$50
Exclusive promotion
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
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$10
Exclusive promotion
user-score
9.3
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$10
Exclusive promotion
user-score
8.7
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.

What is an Apple Pay forex broker?

A forex broker lets you trade one foreign currency for another. In this article we are looking at forex brokers that accept deposits made via Apple Pay, so you can fund your account that way.

Pros and cons

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

Pros

  • 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. 

Cons

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 when trading FX with an Apple Pay broker

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 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.

Is it safe to trade commodities with Apple Pay?

Yes, Apple Pay is a very secure payment method and you should always choose a regulated broker that will protect you and your money. The best ones offer robust encryption features that protect your data and keep your trading secure. 

Do I need to provide ID when I trade commodities with an Apple Pay broker?

Yes, you will need to provide identification. 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

What currencies can I trade with Apple Pay?
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What other payment methods can I use when trading forex?
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Fact-checking & references

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