Compare the best brokers to buy stocks with Paysafecard

Using Paysafecard is a great way to buy shares anonymously. Find out which brokers accept this payment method and how to choose between them.
Updated: Sep 7, 2022
Tip: our preferred broker is, eToro: visit & create account

Paysafecard is a fast, easy, and anonymous payment method that you can use to purchase stocks online. This guide profiles some of the best Paysafecard stock brokers, and features some of the top qualities offered by each of them.

Here are the best stock brokers that accept Paysafecard

You need to consider multiple factors when searching for stock brokers that suit your needs, including transaction fees and ease of use. We’ve compiled a list of the best stocks apps for you right here, with more information further down the page if you’re still making up your mind.

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 Paysafecard stock broker?

A stockbroker is a service that allows you to trade stocks online. Paysafecard is a prepaid online payment method based on a 16-digit PIN code that doesn’t require you to link to a debit card or credit card. In this case we’re talking about brokers that combine the two features and let you fund your account with deposits from Paysafecard.

While some brokers accept Paysafecard, there aren’t too many of them at the moment. If none of the current options appeal, you might have to stick to using a debit or credit card to fund yout stocks account until it becomes more widespread.

Pros and cons

Consider these benefits and drawbacks when deciding if you should pay for your trades with Paysafecard:

Pros

  • Anonymous. Paysafecard does not require you to link to a bank account, credit card, or any other financial medium that leaves a digital trail. If the broker you select offers the same level of anonymity, that’s a big plus for privacy-minded investors.
  • Easy to buy. You can get a Paysafecard at hundreds of thousands of bars and markets around the world. 
  • Fast. You can fund your stock account within minutes, allowing you to begin trading stocks whenever you’re ready.

Cons

What are the fees involved when trading online using Paysafecard?

Typically you can expect small transaction fees when using your Paysafecard. These typically take the form of either a fixed rate of around two pounds per trade or a small percentage of your trade amount.

What to look for when investing with Paysafecard brokers

You don’t just want to find a service that supports Paysafecard payments, but also a broker that offers a great service. Here are a few factors to consider:

  • Speed. Paysafecard stockbrokers should allow you to complete your trades within minutes. The stock market moves fast and you want to be able to react immediately as it fluctuates.
  • Ease of use. The best brokers are intuitive and easy to use. Your time should be spent analysing stocks and making trades, not figuring out how your chosen trading platform works.
  • Great customer service. The broker you choose should offer fast, helpful, responsive, no-hassle customer service. 
  • Low transaction fees. Most stockbrokers won’t charge much per trade – but a difference of just a few pounds between one broker and another can add up. This is especially true if you plan on making regular trades. Look for brokers that charge the lowest transaction fees so you don’t lose money unnecessarily.
  • A strong reputation. Strong reviews and a solid track record can reassure you that the trading platform you’ve chosen is effective and reliable. Ideally, look for a service that has been around for a few years.

Is it safe to buy stock with Paysafecard?

Yes, it is generally safe, as long as you use a regulated broker. However, each platform will have its own different security protocols, so to find the most secure brokers we recommend checking out our reviews.

Do I need to provide ID when I buy shares with Paysafecard?

Not necessarily. Paysafecard lets you make purchases using a 16-digit code, rather than linking to a debit or credit card. That said, many online stock brokers follow KYC (Know Your Customer) guidelines, which often require them to ask for identification when you sign up. So if privacy matters to you, look for a broker that lets you take advantage of the anonymity that making purchases with a Paysafecard can offer.

How to fund your online broker account with Paysafecard

Different brokers may have slightly different procedures for making trades. However, most Paysafecard stock brokers tend to follow a few simple steps to fund your online broker account. Those steps generally look like this:

  1. Find the payments or deposits page on your stock broker’s website or app.
  2. Select Paysafecard as your preferred payment option.
  3. Enter your 16-digit code linked to your Paysafecard.
  4. Enter the amount of money you wish to deposit into your stock trading account.
  5. Click confirm.

FAQs

What is Paysafecard?
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 Paysafecard?
Are there limits to how many stocks I can buy with Paysafecard?
How can I keep up with the stock market?
What’s the best way for a beginner to learn about online trading?
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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 Paysafecard 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.