Compare the best brokers to buy stocks with a debit card

Debit cards are one of the most widely accepted payment methods for trading shares. Find the best brokers on this page.
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: Jul 15, 2021
Tip: our preferred broker is, eToro: visit & create account

Debit cards are an integral part of day-to-day life, and this is no different when it comes to using trading platforms. This guide will go through the best debit card stock brokers that accept debit card payments, and the pros and cons of using your card to buy stocks.

Here are the best stock brokers that accept debit card

When searching for reliable debit card stock brokers, consider factors such as transaction fees, security, and ease of use. We’ve compiled a list of the best platforms available right here. If you’re not ready to invest yet, simply scroll down and keep reading.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
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
$1
Exclusive promotion
user-score
9.3
0 Commissions and no deposit minimums
Registered with and regulated by SEC and FINRA
Loss of cash protection
Start Trading
Description:
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Payment Methods
Full regulations list:

What is a debit card stock broker?

A stock broker is a service that allows you to trade stocks online. A debit card is a payment card that can be used instead of cash to make purchases, with the money typically being deducted out of your bank account. This means that debit card stock brokers are simply brokers that allow you to fund your account and make trades with your debit card.

Pros and cons

Before signing up to debit card stock brokers and trading in this way, consider these benefits and drawbacks.

Pros

  • Convenient. If you already use a debit card for everyday purchases, it’s easy to start using that same card to trade stocks online. Just link your card to your brokerage account and you can start trading.
  • Fast Deposits. You can fund your stock broker account quickly using a debit card, allowing you to begin trading stocks whenever you’re ready. 

Cons

What are the fees involved when trading online using a debit card?

With most brokers, the fees for debit and credit card payments tend to be small. This means that when funding your trades with a debit card, you can usually expect to pay fees of a small percentage of the trade amount, or a flat fee of around two pounds.

What to look for when investing with debit card brokers

Once you’re established that the broker you’re considering accepts debit cards as a payment method, you want to ensure it offers a great service to its users before making an account. Here are some aspects you want to consider when comparing the service to others.

  • Low transaction fees. Most platforms won’t charge much per trade, but as most traders tend to buy and sell shares pretty frequently even small differences in fees can add up to big savings. Look for a broker that offers competitive fees.
  • Speed. Look for a debit card stock broker that will execute your stock purchases quickly and efficiently, so you can take advantage of market fluctuations.
  • Ease of use. The best trading platforms make the process of buying stocks online with a debit card a simple process, so don’t settle for less. 
  • A strong reputation. Good reviews and a solid track record can give you peace of mind that the broker you’ve chosen is trustworthy and reliable.
  • Great customer service. The online broker you choose should offer fast, helpful, responsive customer service. Some platforms even offer 24/7 service to their customers.

Is it safe to buy stock with a debit card?

Yes, it is generally safe, especially when using a regulated broker. However, you can make yourself even more secure by looking for an online stock broker that offers the highest levels of security, including two-factor authentication. Using our in-depth reviews you can compare the different levels of security offered by different brokers.

Do I need to provide ID when I buy shares with a debit card?

Yes, you will likely need to provide some form of ID when using a debit card to buy shares. Online stock brokers usually follow KYC (Know Your Customer) guidelines, so they will likely ask for identification when you sign up. That could entail anything from simple personal information such as your email address to a copy of your photo ID card.

How to fund your online broker account with a debit card

Different brokers may have slightly different procedures for making trades. That being said, most platforms follow a basic framework of steps for funding your online broker account with a debit card:

  1. Find the payments or deposits page on your stock 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 of money you wish to deposit into your stock trading account.
  5. Click confirm.

FAQs

What is a debit card?
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What’s another tip that beginner investors should follow?
Can I bet on a stock to go down in price too?
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Fact-checking & references

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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 >

Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.