Top Credit Cards Brokers for 2022

We found 6 online brokers that are appropriate for Trading Credit Cards.

Forex Brokers That Accept Credit Cards Guide

Updated December 07, 2022

Credit Card Brokers

If you want to pay with credit cards while trading in the Forex markets, we list in this article some of the best brokers that accept credit cards as a funding option. Not all brokers accept credit cards.

It's not tough to find one. Most of the brokers in the United States, the United Kingdom, and other financial markets are the so-called Credit Card Brokers.

They accept credit cards from several service providers including MasterCard, VISA, American Express, Diner's Club, and China UnionPay.

Why Choose Credit Card Brokers?

Payments through credit cards are faster, easier and simple as well. Before credit cards were introduced to the Forex markets as a mode of payment, traders had to completely rely on bank wires for both depositing and withdrawing funds.

The method was not fast and required paperwork. To add to this, bank regulations were also imposed like some countries had placed a cap on the foreign currency limits.

Sometimes these complications discourage investors to trade in Forex.

After the invention of credit cards things changed and transactions became very fast and there were fewer hassles.

Many brokers started accepting the new payment method and flexibility to traders was as such that one could deposit money on Monday and withdraw on Wednesday after trading on Tuesday.

Several brokers offered personalized cards to allow traders to shop with money being deducted from their Forex accounts.

How To Choose A Credit Card Broker

Most brokers now accept payments through credit cards. So finding reputable brokers is not a big deal, but do check whether the issuer of your credit card is accepted by your online broker.

The credit card company could be MasterCard, VISA, Diner's Club, and a host of others.

More to this, if you plan on trading CFDs and other instruments, it is suggested to strike a deal with such brokers who are well regulated in their countries and hold a good reputation among clients.

What To Look For In A Credit Card Stock Broker

If the broker you are considering accepts credit cards, you can the below factors to ensure your chosen broker provides good services. Below are some crucial qualities to seek out:

Low Fees

Most brokers that accept credit do not charge a lot per trade. However, a difference in a few pounds between one stock broker and another can add up, especially when you are a frequent trader. Find brokers with the lowest fees for stock trading online.

User Friendliness

The best brokers that accept credit make the stock buying process as easy and as convenient as possible. Consider steering clear of a stock broker that can get in the way of your trading.

Customer Service

The best brokers always make sure to offer the best possible services to customers. The broker you end up with should provide professional, on-demand, and quick customer support.

Reputation

Favourable reviews and a good track record associated with a broker gives you a peace of mind that the broker you have gone with is reliable, dependable, and worth your trust.

Speed

Seek out a broker that can efficiently and quickly execute your stock purchases. The stock market is known to be volatile and you should be quick to react whenever prices fluctuate.

Chargeback Alert

Be careful with chargebacks. Though it only occasionally happens, a stock broker may forcefully take deposits as they have your card details stored in their files.

You can mitigate this by using a financial tool called 'the credit card chargeback' while you trade stocks.

The chargeback process has certain pre-defined rules and it is recommended to check those with the issuer.

Your First Deposit

Most brokers that accept credit are required by regulation or law to ascertain their customers' identity before carrying out business with them.

Such procedures, referred to as Know Your Customer (or KYC), prevent money laundering attempts, terrorism financing, and identity theft.

If you decide to fund your credit card, your broker will ask for a copy of the card.

It is recommended to only leave the front side visible to keep your security code safe unless the broker says otherwise.

A credit card security code is a three or four-figure number you will find on the back of Visa, Discover, and Mastercard cards.

If you use American Express, its security card is referred to as a unique card code (or CID), which is visible on the front side of the card, right above the card number.

To drive away credit cards risk and fraud, some brokers set a credit limit on the amounts you can deposit via card.

Others may ask for a credit card authorisation form if you plan to deposit more than the set limit.

The form protects the customer from costs that come from chargebacks that credit card companies impose in case of fraud.

Extra Deposits

Once you link your credit card to your trading account, your broker will turn to it for financing margin calls in case your account equity goes below the threshold. Although this is done commonly, it can still end up surprising newer investors.

If you set your credit card limit low or if your trades are leveraged, you could max out your credit card with just one or more margin calls. In such a case, your credit card company may either freeze your credit (until you repay your debt) card or impose a fee. This could lead to consequences on your lifestyle.

To avoid mishaps, be aware of your credit limit and try to manage your risks when trading with your credit card. Apply risk management strategies such as stop-loss to limit your losses.

Plan Withdrawals

Lastly, try to plan ahead for withdrawals before you make your first deposit. Most stock brokers only permit withdrawals to the funds' original source, i.e., bank account, credit card, or debit card.

Brokers that comply with anti-money laundering laws and regulations may limit the maximum withdrawal to the amount deposited via card.

In case you have deposited funds via multiple credit cards and/or bank accounts, most brokers will send funds to the most recent funding source, whether it be a debit card, credit card, or bank account.

Go through your broker's agreement since withdrawal policies tend to vary from one broker to another.

The Advantages Of Trading Using Credit Cards

Below are the advantages of trading via credit cards:

They Are Already Popular

At this point, everyone knows what credit cards are. They are used worldwide and in 2019 alone, the UK disseminated as many credit cards as its then 66 million population.

Traders worldwide can open credit card retail investor accounts with brokers that accept credit cards and begin trading.

Accepted Worldwide

Credit cards are offered by numerous companies and prominent brands are accepted by most brokers.

American Express, Visa, and Mastercard are the most popular, which means you can switch trading brokers, move countries and still be able to deposit and withdraw through your credit card.

Options

You will come across numerous options when you look into credit card companies. Some are excellent for enhancing your credit, considering you avoid credit card debt.

Others promise the lowest fees and the best deals. You will also get safety features such as credit limit that will keep you from losing money rapidly.

When you decide to register with a company, always be sure to go through the terms and conditions first.

Rewards, Promos, Bonuses

Numerous credit card companies offer rewards such as zero commission, zero interest rates, cashback, and product promos.

You can find details on the best rewards in reviews online. Some of the best brokers also provide rewards for depositing funds via credit card over other payment methods.

Customer Service

Normally, credit card companies offer customer service through various channels, from quick response live chats and toll-free phone numbers to FAQ sections.

Customer services are essential because you never know when you will run into trouble using your credit card.

You may have problems with withdrawals, deposits, and whatnot with your broker.

Furthermore, credit cards often offer extra security in case you end up applying for a trading account with a shady broker.

They Are Quicker Than Most Payment Methods

Credit card transactions are very fast so the monies transferred to the account of traders is processed immediately. This means spotting market opportunity and implementing a trade has become almost instant.

Suppose you found a market opportunity at 9 in the morning and with the help credit card payment method you can start trading at 8.05 a.m., or even earlier.

In the wire transfer banking system, it is never possible to start a trade on live markets in five minutes.

The verification process of credit card payments is safe and secure.

Most trading brokers offer specialized prepaid cards to help you make payments at POS terminals of the shopping malls. Credit cards withdrawals are guaranteed.

The Disadvantages Of Trading With Credit Cards

Below are the possible disadvantages of trading with credit cards:

Credit Score Checking

Most credit card companies assess every new client's eligibility via a credit score credit. They may refuse if an applicant has credit card debt or a bad credit score in general. If the trader is already a credit card holder, this should not be a problem. However, for traders who are new to using credit cards, there may be a few obstacles to dodge before they can make deposits.

Debt Risk

Costumors are bound to put themselves at risk if they go into debt and cannot reverse it. This debt can go up substantially with the credit card's associated charges. When this is combined with the high risk nature of day trading, it could lead to more debt if something goes wrong.

Speed Issues

Payments via credit cards are normally immediate with most credit card providers. However, it can take a while to be visible on the user's statement. Brokers that accept credit also have their payment processing times to allow funding via credit card, but they are also normally short. Withdrawals can take longer with additional checks from the broker.

Deposits And Withdrawals

There is no deposit required when you use a credit card, card holders can simply pay off that amount at the payment date.

When it comes to day trading, any deposit you make to a broker via a virtual card will be sent immediately to the broker but the card will need to be settled when the payment day comes.

Credit card withdrawals are only relevant when refunds are acquired. With day trading, if a trader cashes out funds from their account through a credit card, the withdrawal amount will appear as a debit on the credit card.

The holder can thereby ask to transfer the funds into the debit account linked with the card. Credit refunds become subject to the card's processing times.

Always check for minimum deposit terms at your credit card broker before making a payment.

Fees

The biggest fee is the APR (or annual percentage rate), i.e., the rate charged for funds borrowed. This fee is imposed on any debt on a credit card when each month ends.

APRs can range from 5-75%, so missing a credit card payment could end up being costly.

Credit Card Brokers Verdict

There are several benefits to using a credit card when trading with your broker.

The payments are instant and you can start trading immediately without losing opportunities.

The credit card transactions are secure and offer an added level of safety. You just need to be careful when selecting which Credit Card broker to trade with.

We've collected thousands of datapoints and written a guide to help you find the best Credit Cards Brokers for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best credit cards brokers below.

Reputable Forex Brokers That Accept Credit Cards Checklist

There are a number of important factors to consider when picking an online Credit Cards trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Credit Cards Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Credit Cards Brokers of 2022 compared

Here are the top Credit Cards Brokers.

Compare Credit Cards Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are credit cards brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more credit cards brokers that accept credit cards clients

Broker SpreadEx Admiral IG ovalx ATFX City Index
Rating
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS)
Min Deposit 1 200 No minimum deposit 100 100 25
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 10,000+ 10,000+ 239,000+ 10,000+ 10,000+ 14,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
spreadex
Sign Up with
admiralmarkets
Sign Up with
ig
Sign Up with
ovalx
Sign Up with
atfxglobalmarkets
Sign Up with
cityindex
Risk Warning Losses can exceed deposits Losses can exceed deposits Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Losses can exceed deposits Your capital is at risk 73% of retail investor accounts lose money when trading CFDs with this provider
Demo SpreadEx
Demo
Admiral Markets
Demo
IG
Demo
Ovalx
Demo
ATFX Global Markets
Demo
City Index
Demo
Excluded Countries US, TR US, CA, JP, SG, MY, JM, IR, TR US, BE, FR, IN, IL, PL, ZW US, BE, CA , SG, BE DPRK, Canada, Iran, Japan, Brazil, Mexico, Turkey, Cuba, Sudan, Syria, USA, Bosnia and Herzegovina, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen. US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW


All Credit cards brokers in more detail

You can compare Credit Cards Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Credit Cards Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Credit cards brokers below.

Forex Brokers That Accept Credit Cards List

SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
IG
(2/5)
Min deposit : 0
IG was established in 1974 and is used by over 239000+ traders. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. IG offers Forex, CFDs, Spread Betting, Share dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
ovalx
(3/5)
Min deposit : 100
Ovalx was established in 2002 and is used by over 10000+ traders. Losses can exceed deposits Ovalx offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
ATFX
(3/5)
Min deposit : 100
ATFX Global Markets was established in 2014 and is used by over 10000+ traders. Your capital is at risk ATFX Global Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
City Index
(3/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 73% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS)

Learn more Learn more about SpreadEx.
Losses can exceed deposits
TRADE NOW Try SpreadEx today
Losses can exceed deposits