Top Debit Card Brokers for 2020

We found 11 online brokers that are appropriate for Trading Debit Card.

Best Debit Card Brokers Guide

Debit Card Brokers

If you are searching for debit card brokers, you will need to be very selective when you're looking for the right brokers for you.

This requires valuable time in order to conduct your review and research.

Before you start trading, you will want to be cautious and need to understand the better brokers who accept the debit card method with the utmost safety and security.

Debit card brokers facilitate funding of Forex accounts and other types of trading accounts through a debit card transfer. The withdrawal is also done through the same channel.

The commonly used debit cards are VISA, MasterCard, American Express, Diner's Club and China UnionPay.

Benefits of Debit Card Use

Earlier traders used to rely on wire transfer but with the arrival of debit cards, the depositing and withdrawal has become easier and faster due to no paperwork involved, in contrast to other ways.

Moreover, with debit cards, the bank regulators impose no restriction as it is the case with a wire transfer.

In bank transfer cases some countries impose limits on the transfer of foreign currency. In debit cards, there is no such restriction.

This is the reason debit card brokers are a blessing to Forex investors and with their entry in the industry, things have changed dramatically. With their help, transactions have become faster and easier.

With the debit card brokers, a trader can deposit on Monday, trade the next day and can withdraw the profit on Wednesday. It is so simple and quick.

Some of the debit card brokers issue a special prepaid card that can help using the withdrawals as shopping on merchant websites.

Advantages of Debit Card Brokers

The first benefit while dealing with debit card brokers is the speed of transactions. The deposit of funds and withdrawal of profits are far faster than wire transfer.

In fact, the deposit is almost instant. If a position is placed at 8am, the trader can deploy the card at 8.01am., and trading the position starts at 8.05 am.

The process of debit card verification makes using the card safe for the deposit of funds. The withdrawals are guaranteed to be quick and easy.

As an addition some of the debit card brokers offer a specialized prepaid card to use for shopping on merchant sites or at POS terminals.

When it comes to Forex trading, you will want to ensure that you can use the most conventional approach when depositing and withdrawing funds. Many people cannot be parted from their credit or debit cards and this is possibly also the case with you.

You could be the customer of any of these cards: American Express, MasterCard, VISA, Diner’s Club, China UnionPay, and others. Therefore, you will want to use what you have to deposit or withdraw from the Forex brokerages.

The reason to use a debit card or credit card

The most conventional way to deposit the funds to the trader accounts is through the bank. If this method is not for you, you could use your credit or debit cards instead.

Bank Transfer can be complex and slow because the method involves paperwork and permissions. Some of the financial institutions even put a lot of restrictions in the bank transfers for Forex trading.

These restrictions can be a huge problem for the serious Forex trader. If you are serious in doing this, using the credit or debit card could be a game changer.

With the help of credit or debit cards, the transactions can become simpler and faster. There is no need to wait for days until the funds are deposited into your account.

If you are depositing your funds through credit or debit cards on a Monday for example, you should be able to make the trade on Tuesday or Wednesday.

You can withdraw profits at the same time. You would only need to adjust your schedule on Friday to Sunday as the transactions can be slower.

Some brokers even work with the other merchants shopping sites to issue prepaid cards which you can use for withdrawals.

Why choose brokerages with credit or debit card methods?

This is due to the speed of transactions offered by the debit cards.

You can instantly get results with your debit cards. If you want to deposit into your Forex account, you just need to use your card and the transaction will be completed instantly.

For instance, you use a debit card now, and minutes later the funds are deposited into your Forex account. Therefore, you could start trading immediately. If you are using the bank transfer, you may need to wait for days until you can use your funds to trade.

The addition of the debit card to your brokerage site is quick and easy. The credit card brokers even issue prepaid cards which you can use to shop or for other kinds of transactions.

How to choose the brokerage with a good and secure method

Most of the Forex brokerages now accept credit or debit cards for transactions but not all countries may accept them. You could be living in a country where the specific credit or debit card is not permitted.

Therefore, you will need to choose the right credit card Forex broker for where the service is available in your country. If you are not really sure, you could have an option to reach out to the customer care of the credit card Forex brokers.

Put simply, you will be able to reap all the benefits without safety issues if you are working with a trustworthy and reliable broker. With this broker, you can rest assured that your money will be in the safest hands.

How to Choose Debit Card Brokers

Almost all the Forex brokers facilitate the use of debit cards but there are restrictions in some countries.

This is the reason it is important to choose such debit card brokers who are based in favorable countries.

Moreover, do not forget to also deal with a regulated broker.

Chargeback on Debit Card Brokers Account

Traders can reverse the fund. This feature is important on issues like the brokers taking deposits forcefully on the stored card details.

In the chargeback process, the money taken by the debit card brokers can be reversed.However, certain rules apply in the process and it is important the trader takes note of these from the card company and knows whether the chargeback is permitted.

Debit Card Brokers Verdict

Depositing funds using your debit card gives you plenty of benefits, but you will only achieve a great experience if you focus on honest brokers. Let’s save your time by looking at the list of most trusted brokerages below.

There are several benefits to funding trading with debit card brokers when trading the Forex market. The process is fast and easy.

No paperwork is involved in making the payment or withdrawing funds. Almost all the renowned debit cards are accepted and chargeback feature facilitates reversing back of money if the broker wrongly deposits.

With debit card brokers it is possible to deposit funds today, trade tomorrow and withdraw the profit the third day.

Many debit card brokers offer a certain specialized prepaid card to help trader shop on merchant sites or at POS terminals using the withdrawal amount.

The only important thing to consider while dealing with debit card brokers is to verify whether they are regulated brokers.

It is suggested never to pick an unregulated broker as during any dispute no initiative could be taken by the regulatory authority to resolve the matter.

We've collected thousands of datapoints and written a guide to help you find the best Debit Card Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best debit card brokers below. You can go straight to the broker list here.

Reputable Debit Card Brokers Checklist

There are a number of important factors to consider when picking an online Debit Card 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 Debit Card Brokers.

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

Top 15 Debit Card Brokers of 2020 compared

Here are the top Debit Card Brokers.

Compare Debit Card Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are debit card brokers. Learn more about what they offer below.

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

Broker IC Markets Trading212 FP Markets Roboforex XTB City Index Pepperstone FXPrimus EasyMarkets paxforex ThinkMarkets
Rating
Regulation Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Min Deposit 200 1 100 1 No minimum deposit 25 200 100 100 10 250
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
  • 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 60,000+ 14,000,000+ 10,000+ 10,000+ 200,000+ 14,000+ 10,000+ 10,000+ 142,500+ 350+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • 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
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web,iPad,mac,Desktop,iPhoneiOS MT4, Mac, 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
  • 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
icmarkets
Sign Up with
trading212
Sign Up with
fpmarkets
Sign Up with
roboforex
Sign Up with
xtb
Sign Up with
cityindex
Sign Up with
pepperstone
Sign Up with
fxprimus
Sign Up with
easymarkets
Sign Up with
paxforex
Sign Up with
thinkmarkets
Risk Warning Losses can exceed deposits 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 CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how 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 Your capital is at risk Losses can exceed deposits
Demo IC Markets
Demo
Trading 212
Demo
FP Markets
Demo
Roboforex
Demo
XTB
Demo
City Index
Demo
Pepperstone
Demo
FXPrimus
Demo
easyMarkets
Demo
PaxForex
Demo
ThinkMarkets
Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US US, JP, NZ US, JP US, IN, PK, BD, NG , ID, BE 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 BR, KR, IR, IQ, SY, JP, US AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW

All Debit card brokers in more detail

You can compare Debit Card 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 Debit Card Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Debit card brokers below.

Debit Card Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. 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 CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices

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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 200000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
City Index
(4/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 74% 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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
paxforex
(4/5)
Min deposit : 10
PaxForex was established in 2010 and is used by over 350+ traders. Your capital is at risk PaxForex offers Forex trading, CFD trading,

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web,iPad,mac,Desktop,iPhoneiOS

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825
ThinkMarkets
(4/5)
Min deposit : 250
ThinkMarkets was established in 2010 and is used by over 10000+ traders. Losses can exceed deposits ThinkMarkets 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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)