A debit or credit card is one of the fastest ways to fund your trading account. When new market opportunities arise, it is essential to trade with a broker that allows you to deposit funds quickly but without incurring too many costs.
Equally, we want to be able to access and withdraw our funds as quickly as possible and in the most cost-effective way. Unfortunately, many brokers don’t offer credit and debit cards as a way to deposit and withdraw funds, and some of those that do offer them can have high fees.
Our team of experts has identified and tested the top forex brokers accepting credit and debit cards. Here are our findings.
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Established in 2005, FP Markets is authorized and regulated by multiple authorities, including CySEC, FSCA, and ASIC. It is the best overall broker as you can fund an account in 10 different currencies with zero fees for deposits and withdrawals to trade on more than 970+ CFD instruments using MT4, MT5, cTrader, and TradingView platforms.
Key Features:
Our review confirmed that FP Markets provides a great overall experience for traders. During my live test of the broker, I was particularly impressed with the number of trading platforms and trading tools available. This includes all retail superstars: MT4, MT5, cTrader, TradingView aand the even Iress platform for trading real stocks.
While these platforms may seem more advanced, beginner traders should not shy away, as they come packed with many beneficial features like an intuitive FP Markets mobile app and an extensive library of educational resources. FP Markets also provides you with plugins such as Trading Central and AutoChartist. I enjoy using AutoChartist as it uses algorithms to identify real-time trading opportunities.
You can fund your account in 10 different currencies, and there are no deposit, withdrawal, or conversion fees. Our fees test also confirmed that FP Markets is a cost-efficient broker. We recorded 23 cents on gold and $17 on BTCUSD on the Standard account, both of which are way better than the industry average.
Plus500 was founded in 2008 and has grown to become one of the world’s leading forex and CFD brokers. It is licensed by 10 regulators globally, including top-tier FCA, CySEC, and ASIC, and is a FTSE 250 company listed on the London Stock Exchange (LSE).
Key Features:
I rate the flagship Plus500 WebTrader as one of the best forex and CFD platforms available today. It has a highly intuitive design and packs advanced features, including robust charting, sophisticated order types, and unique research tools. +Insights provides exclusive access to the trading activity of millions of Plus500 clients, revealing data like the highest profit-making positions.
Deposits and withdrawals are fast and secure at Plus500 with no hold-ups or unfair charges. Traders can transfer money via Visa, Mastercard, Maestro, PayPal, Skrill, or bank wire. Plus500 beats the industry average by not charging any fees for deposits and withdrawals. Processing times are also faster than the majority of brokers.
FxPro is a forex and CFD industry leader based in London. I rate the broker as a strong choice for beginners because of its rich educational materials, including in-depth courses. Clients also have access to over 2,100 markets and a selection of highly practical platforms.
Key Features:
Beginners can benefit from FxPro’s wealth of information covering topics related to technical analysis, fundamental analysis, and trading psychology. These materials are available as articles, webinars, and trading courses – you choose the format.
FxPro also offers beginners top-of-the-line market research, both developed in-house and incorporated from Trading Central and LiveSquawk. This includes a beginner-friendly economic calendar, a variety of technical analyses, and featured trading ideas.
The beginner-oriented FxPro Standard account has no minimum deposit requirement and features zero commissions and spreads starting from 1.2 pips.
Beginners can choose between FxPro Trading Platform, MetaTrader 4, MetaTrader 5, and cTrader. To learn more about these platforms, FxPro provides dedicated platform tutorials available on its YouTube channel.
Established in 2005, AvaTrade is a global forex and CFD broker that operates globally and is authorized and regulated by many reputable agencies like ASIC, CySEC, and FSA Japan. You can trade more than 1,450+ markets from the MT4 and MT5 platforms with competitive trading fees and a good range of zero-fee deposit and withdrawal methods.
Key Features:
If you’re looking for a broker that provides access to low fees, then AvaTrade may be an option for you. In our live fee test, I found the spread for EUR/USD during the London and New York sessions averaged 0.8 pips on its commission-free trading account, which is below the industry average of 1.0 pips.
On top of low fees, there are no deposit, withdrawal, or conversion fees. However, I discovered that only traders from the UK can deposit funds in GBP, and only traders from Australia can deposit funds in AUD. However, wherever you are in the world (including the UK and Australia), everyone can deposit funds in USD or EUR.
Established in 2008, Plus500 is a publicly traded company listed on the London Stock Exchange, licensed by multiple Tier-1 regulators worldwide, including the CFTC and NFA, and is a sponsor of the Chicago Bulls. The broker launched its Futures Trading App for U.S. residents in 2022, providing access to a decent range of futures markets with zero platform fees.
Key Features:
I found the Plus500 Futures Trading app offers an excellent range of contracts and markets to trade on. You can choose between futures contracts on forex, crypto, metals, interest rates, equity indices, energy, and agriculture.
The Futures Trading Academy is geared toward beginner and intermediate traders, and the videos cover all fundamental aspects of trading futures. There are also well-written, in-depth educational articles covering various futures trading topics.
Established in 1996, OANDA is an award-winning broker licensed by multiple Tier-1 regulators worldwide, including the CFTC and NFA. OANDA US offers over 68 forex pairs, volume-based trading rebates, and an excellent range of trading platforms.
Key Features:
OANDA US provides an excellent trading experience for traders in the U.S. Over 68 forex pairs cover major, minor, and exotics for commission-free trading. In our live fee test, I found the spread for EUR/USD averaged 1.45 pips, slightly higher than the 1.0 pip industry average. And active users can receive cash rebates on their trades.
I was impressed with the number of feature-rich trading platforms OANDA US offers. Traders can choose between OANDA Web and Mobile, MT4, TradingView, MotiveWave, and Multicharts. I rate MT4 and Multicharts as excellent for algorithmic trading, while TradingView offers strong social features.
The market depth, order book flow, position ratios and built-in news aggregator indicators are an excellent addition to a trader’s arsenal. I found the position ratio indicator the most helpful as it identifies where most of the retail trading orders are, providing insight into where the market could move
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.