Compare Brokers That Accept Credit Cards

Looking for brokers that accept credit cards? We have compared 3 broker accounts (out of 147) that are suitable for you below.

We found 3 broker accounts (out of 147) that are suitable for Credit Cards.

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IG

Spreads From

EURUSD 0.6 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

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76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Online Forex Trading Account Funding: Credit Cards

Credit cards are one of the safest and easiest methods to fund or make withdrawals from your online trading account. They are widely accepted by most online forex brokers. Brokers that are registered with the Financial Conduct Authority (UK) will only accept credit cards from the forex account owner to prevent money laundering/fraud.

An important consideration to take if you are opening an online trading account is that Mastercard do not accept refunds from spread betting or CFD trading companies.

A few things to consider before using a credit card to fund your forex account is:

  • if your card accepted by the broker
  • do they charge fees for credit cards
  • do they accept traders from your country
  • are there better alternatives
  • what documents do they need
  • how long does it take for transactions

Featured Forex Broker that accept credit cards: ETX Capital

Regulated by the Financial conduct authority (UK) #124721

ETX Capital is a top choice for traders looking for a trusted and regulated forex broker that also accept credit card payments. Why ETX Capital?:

  • They accept all major credit and debit cards except AMEX.
  • They do not charge fees for making payments or withdrawals.
  • Payments are processed quickly so you can start trading immediately- 1 working day.
  • Accept deposits in several currencies including :GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK and CHF.

Credit cards accepted by most online brokers:

Credit cards accepted by a minority of online brokers:

Credit card deposit/withdrawal fees

There is a mix of brokers who do not charge the trader any fees for making deposits/withdrawals while others charge a fee, usually around 2%. Some credit cards may also treat payments to forex brokers as cash advances rather than a regular purchase and charge a high interest rate. It would be best advised to check with your credit card provider first to see how they would view the payment. Generally using a debit card will always be free to use and may be the better option.

If you just register your card without making a payment, most brokers will make a pre-authorisation charge of 0.01p from your account. This will be reversed within a week and is only to ensure that it is a real card. This is a usual practice for businesses that require a credit card to make a reservation like hotels.

Making deposits and withdrawals

Before making any withdrawals, the brokers will generally require a few documents to verify who you are and to prevent fraud.

Required documents

    • Government issued ID/Passport/EU Driving licenses
    • Utility bill/bank statement/tax assessment showing your full name and physical address
    • KYC form

Once registered payments and withdrawals are simple and take only a few days.

Usual payment/withdrawal processing times

      • Payments – 1 working day
      • Withdrawals – 4 working days

Different brokers may have different requirement so it would be best advised to check what your chosen broker requires before you are allowed to make any withdrawals.

Broker Debit Cards

Some brokers will even offer their own branded Mastercard debit cards such as AvaTrade, HotForex and XM. These cards are directly connected to your trading account and allow you to instantly withdraw funds from your account.

Why Choose IG
For Credit Cards?

IG scored best in our review of the top brokers for credit cards, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score, which is . This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG
Trust Score AAA
Established in 1974
Regulated by Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG


Want to see how IG? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
IG
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60
GBP/USD Spread 0.9
USD/CAD Spread 1.7
USD/JPY Spread 0.70
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

IG
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard,
Micro account
ECN account

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.