Compare the best brokers to buy stocks with a debit card in 2022

Debit cards are one of the most widely accepted payment methods for trading shares. Find the best brokers that accept them as a payment method on this page.
Updated: Sep 7, 2022
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 stock 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 investing platforms available right here. If you’re not ready to invest yet, simply scroll down and keep reading.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:

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?
What are stocks?
What’s the difference between stocks and shares?
What other payment methods can I use when buying stocks?
How do I pick stocks?
What stocks can I buy with a debit card?
Are there limits to how many stocks I can buy with a debit card?
How can I keep up with the stock market?
What’s the best way for a beginner to learn about online trading?
What’s the biggest factor to watch out for when trading stocks?
How much should I venture on online trading as a beginner investor?
What’s another tip that beginner investors should follow?
Can I bet on a stock to go down in price too?
Will a debit card stock broker let me trade with leverage?

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 >

Jonah Keri
Financial Writer
Jonah Keri was a reporter for Invezz, wrote about stocks, cryptocurrencies, and other investments. He also covered emerging technologies for private clients. He is a trader… read more.