Compare the best brokers to trade forex with debit card

Seeking an easy way to trade forex? Trading with a debit card could be the way to go.
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

A debit card can be a fast and convenient payment method to use when trading forex. Read on to learn how to find the best brokers you can use, and the pros and cons of buying, selling, and trading currencies with a debit card.

Here are the best forex brokers that accept debit card

When searching for the best forex brokers that accept debit cards, you should consider a wide array of factors – from the fees they charge to the currencies available to trade – to make your final decision. We’ve compiled a list of top options in the table below, or you can keep reading to learn more about how to choose between them.

Min. Deposit
User Score
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
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:
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.
Min. Deposit
User Score
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
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.
Min. Deposit
User Score
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
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 a debit card forex broker?

A forex broker is a service that lets you trade one foreign currency for another. What we’re exploring in this article is brokers that accept deposits via debit card, so that you can fund your account in that way.

Pros and cons

When deciding whether you fund your account with a debit card, consider these potential benefits and drawbacks:


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


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

Forex brokers charge commissions for debit card payments, and these will vary depending on your choice pof broker. Typically you can expect these to be a small percentage of your trade or deposit amount, and debit cards are one of the most inexpensive ways to trade forex. 

Our lists of top-rated brokers can help you narrow down your search based on the relative size of different brokers’ fees and commissions. 

What to look when trading forex with a debit card

If the forex broker you’re considering accepts debit cards, you then want to investigate whether the platform offers a good level of service. Consider these factors when choosing a forex broker that accepts debit cards:  

  • Low costs. Look for forex brokers that allow you to use a debit card without costing you too much money. Note that costs can come in multiple forms, including trading fees, commissions, or excessively wide price spreads. 
  • Variety of forex trading options. Many forex brokers provide multiple trading options. These trading options may include: spread betting, forex futures, and contracts for difference (CFDs). If you want to trade more than just forex, look for a broker that can help with all your trading activities.
  • Variety of currency pairs. Some of the most commonly traded currencies on forex exchanges are the British pound (GBP), US dollar (USD), and euro (EUR). Many forex traders offer far more foreign currency choices, however, and the currencies on offer will vary from broker to broker. If variety is important to you in terms of available currency pairs, choose your broker accordingly.
  • Security. A high level of security is essential. You don’t want your hard-earned money or your financial data to become vulnerable to theft.
  • Great customer service. The best forex brokers offer fast, helpful, and responsive customer service. This can be even more important if you’re a beginner investor who may have more questions than usual.

Is it safe to trade forex with a debit card broker?

Forex trading with a  debit card is usually secure, but you should always do your research to make sure your money is protected. The best brokers offer robust encryption features that protect your data and keep your trading secure.

Do I need to provide ID I trade forex with a debit card?

Yes, you will need to provide identification. Forex brokers use ID verification as a way to protect against scammers, and to comply with anti-money laundering legislation. The verification process may include everything from basic financial and personal information to a photo ID. 

How to fund your currency trading account with a debit card

Different forex brokers can have slightly different procedures for making trades. Still, 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 a debit card as your preferred payment option.
  3. Enter your debit card information.
  4. Enter the amount you want to deposit into your forex trading account.
  5. Click confirm.


What currencies can I trade with a debit card?
Are there limits to how much I can trade with a debit card?
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 debit card 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 a debit card?
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 a debit card recommended for beginners?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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 >