Compare the best brokers to trade forex with credit card

Using a credit card to deposit funds with a broker is an easy and convenient way to get started with forex trading. This guide compares the best credit card accepting brokers.
Updated: Sep 14, 2022
Tip: our preferred broker is, eToro: visit & create account

A credit card can be a fast and convenient payment method to use when trading forex. Keep reading to learn how to find the best brokers you can use to trade forex with a credit card, and the pros and cons of doing so. 

Here are the best forex brokers that accept credit card

When searching for the best forex brokers that accept credit cards, you should consider multiple factors to make sure you’re getting the best deal. We’ve compiled a list of the best platforms in the table below, along with some of the notable features of the service they offer.

1
Min. Deposit
$ 10
Promotion
User Score
10
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Payment Methods:
Bitcoin, Credit Card, Debit Card, Visa
Full Regulations:
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.
2
Min. Deposit
$ 10
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
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
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.
3
Min. Deposit
$ 10
Promotion
User Score
9.9
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Payment Methods:
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full Regulations:
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 a credit card forex broker?

A forex broker is a platform that lets you trade one foreign currency for another. Here we are looking at brokers that accept deposits via a credit card, so you can fund your account in that way.

Pros and cons

When deciding if you should use a credit card to make deposits, consider these potential benefits and drawbacks:

Pros

  • Convenient. If you already use a credit card for everyday purchases, you know that making transactions is a smooth and easy process. By linking your credit card account to your forex account, you can benefit from that same convenience. 
  • Inexpensive. Credit card transactions can often be less expensive than some other trading methods you might otherwise use.
  • Fast Deposits. You can fund your forex account quickly using a credit card, allowing you to begin trading forex whenever you’re ready. 

Cons

What are the fees and commissions when using a credit card to trade currencies?

While credit card transactions are typically free for everyday items, some forex brokers charge commissions for credit card payments. These will vary depending on your broker, but are usually just a  small percentage of each trade you make. Our lists of top-rated brokers can help you narrow down your search based on many different criteria, including fees and commissions. 

What to look for when trading with a credit card

If the forex broker you’re considering accepts credit cards, you can begin to narrow your search. Consider these factors when choosing a forex broker that accepts credit cards:  

  • Low fees. Look for forex brokers that allow you to use a credit card without taking too much money out of your pocket with high fees, commissions, or excessively wide price spreads. 
  • Variety of forex trading options. Many forex brokers provide multiple trading options, including spread betting, forex futures, and contracts for difference (CFDs). If variety matters to you, look for a forex broker that offers numerous different trading options. 
  • Variety of currency pairs. Some of the most commonly traded currencies on forex exchanges are the British pound (GBP), U.S. dollar (USD), and euro (EUR). Many brokers offer far more foreign currency choices, so make sure to find one that allows you to trade a wide variety of currencies.
  • Security. A high level of security is essential when choosing a broker.
  • Great customer service. The best brokers offer fast, helpful, and responsive customer service.

Is it safe to trade commodities with credit card?

Yes, it is usually secure. The best brokers offer robust encryption features that protect your data and keep your trading secure, and the financial security and fraud prevention measures that come with credit cards make them a secure payment method to use.

Do I need to provide ID when I trade commodities with a credit card?

Yes, you will need to provide identification. Forex brokers use ID verification as a way to protect against scammers and abide by regulatory requirements. The verification process may include everything from basic financial and personal information to a photo ID. 

How to fund your currency trading account with credit card

While different forex brokers will 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 app or website.
  2. Select a credit card as your preferred payment option.
  3. Enter your credit card information.
  4. Enter the amount you want to deposit into your forex trading account.
  5. Click confirm.

FAQs

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Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >