We found 11 online brokers that are appropriate for Trading Venmo.
As a trader, finding a reliable payment method for funding your brokerage account is crucial. Venmo has gained popularity as a fast, convenient, and widely accepted digital wallet, primarily in the USA While it is often used for peer-to-peer transactions, some brokers have integrated Venmo for seamless deposits and withdrawals.
Venmo is a user-friendly mobile app designed for seamless peer-to-peer (P2P) money transfers. As a subsidiary of PayPal, it operates exclusively in the United States, meaning only U.S. residents can use the platform.
Unlike traditional payment methods, Venmo transactions occur without third-party intervention, ensuring a fast and direct transfer process. What sets Venmo apart is its social media-like features, allowing users to add text messages, emojis, and reactions when sending or requesting money. These messages appear in a public or private feed, but the transaction amounts remain private.
In this guide, I’ll explore how Venmo brokers work, the advantages and drawbacks of using this payment method for trading, and what to consider when choosing a broker that accepts Venmo.
Venmo is available only as a mobile app for Android and iOS. It does not support transactions from desktop devices, though users can log in to Venmo’s official website to view transaction history and account details. To send or receive payments, the mobile app is required.
Despite being developed by PayPal, Venmo operates exclusively within the United States. Both the sender and recipient must be physically located in the U.S. to complete transactions.
Venmo is primarily used for microtransactions, allowing most users to avoid fees. However, certain transactions do incur charges, depending on the payment method and service used.
If you fund a payment with a credit card, Venmo charges a 3% fee per transaction. On the other hand, an instant transfer to your bank or debit card costs 1% of the transaction amount, with a minimum fee of $0.25.
Withdrawing money to your debit card also incurs fees. However, these transactions are processed much faster, ensuring quick access to funds. In contrast, standard bank transfers are free of charge and typically take 1-3 business days.
Payments funded directly through a bank account or debit card are also fee-free. Additionally, if you make a payment to a merchant that supports Venmo as a payment option, you are not charged any transaction fees.
To fund your Venmo account, you can link it to a US bank account, debit card, prepaid debit card, or credit card. Transactions from a bank account or debit card are fee-free, while credit card transfers incur a 3% fee per transaction.
For withdrawals, you must link a US bank account. Standard bank transfers are free and typically take 1-3 business days. If you need instant access to your funds, you can opt for an instant transfer to a debit card, which comes with a 1% fee (minimum $0.25).
Venmo is a popular peer-to-peer (P2P) payment app, but how does it compare to other major payment services like PayPal, Cash App, Zelle, and Apple Pay? Each platform has unique features, fees, and limitations that may influence which one is best suited for your needs. Below is a detailed comparison.
Feature | Venmo | PayPal | Cash App | Zelle | Apple Pay |
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Availability | US only | Global | US & UK | US only | US & selected countries |
Platform | Mobile app only | Web & mobile | Web & mobile | Bank-integrated (web & app) | iOS devices only |
Transaction Speed | Instant for Venmo-to-Venmo; 1-3 days for bank transfers | Instant for PayPal-to-PayPal; 1-3 days for bank transfers | Instant for Cash App users; 1-3 days for bank transfers | Instant for participating banks | Instant for Apple users; 1-3 days for bank transfers |
Fees | Free for bank & debit card; 3% for credit card; 1% for instant transfers | Free for bank transfers; 2.9% for credit/debit; 1.75% for instant withdrawal | Free for bank & debit card; 3% for credit card; 1.5% for instant withdrawal | Free | Free (unless withdrawing to a bank, which may take a small fee) |
Business Payments | Limited (Venmo for Business) | Widely used by merchants | Limited (Cash for Business) | Not for business transactions | Apple Pay for merchants |
Social Features | Public transaction feed, emojis, comments | None | Limited (no public feed) | None | None |
Security | Encryption, PIN, two-factor authentication | Encryption, fraud protection | Encryption, PIN, biometrics | Bank-grade encryption | Face ID, Touch ID, encryption |
Venmo is a great choice for casual transactions with friends and family, especially with its social features. However, for international payments, PayPal is a stronger option. If you need a bank-integrated solution, Zelle is the best choice. For business transactions, Apple Pay and PayPal offer more robust solutions.
Venmo is widely known for peer-to-peer (P2P) payments, but its usability in brokerage transactions is more limited. Some brokers and trading platforms in the US allow deposits and withdrawals via Venmo, offering a convenient way to fund trading accounts without relying on traditional bank transfers.
While Venmo is not a standard payment method for most brokers, a few online trading platforms accept it for deposits. This allows traders to quickly fund their brokerage accounts without using credit cards or wire transfers. Since Venmo is linked to a bank account, funds can be transferred seamlessly to brokers that support this method.
Some brokers may also allow users to purchase cryptocurrencies via Venmo, especially if they accept PayPal-linked transactions. This feature is useful for traders looking to buy crypto assets using their Venmo balance or linked bank accounts.
The biggest advantage of using Venmo for brokerage deposits is speed and convenience. Transactions are typically processed instantly or within a few minutes, allowing traders to react quickly to market movements. Additionally, Venmo’s low transaction fees (especially for debit or bank-funded transactions) make it an appealing option compared to traditional credit card deposits.
Another benefit is the seamless integration with PayPal, which some brokers accept as a funding method. If a broker does not directly support Venmo, users can first transfer funds to PayPal and then deposit them into their trading account.
Despite its convenience, Venmo is not widely accepted by major brokerage platforms. Most brokers prefer traditional bank transfers, credit/debit cards, or e-wallets like Skrill and Neteller. Additionally, Venmo’s primary focus is P2P transactions, meaning it lacks features specifically designed for trading or large-scale financial transfers.
Another downside is that Venmo only operates within the US. Traders outside the US cannot use Venmo to deposit or withdraw funds from brokerage accounts, limiting its accessibility to a global audience.
If your broker supports Venmo deposits, it can be a fast and cost-effective way to fund your account. However, since acceptance is limited, it is advisable to check with your brokerage platform before relying on Venmo for trading transactions. If Venmo is not supported, alternative e-wallets or direct bank transfers may be more suitable options.
Venmo is a fast, convenient, and user-friendly payment option, primarily designed for peer-to-peer (P2P) transactions in the US. As a PayPal subsidiary, it provides a reliable and secure platform for sending and receiving money, making it a popular choice for small transactions. While it integrates social media-like features, its primary strength lies in its instant and seamless fund transfers.
For traders, Venmo can be a quick way to fund brokerage accounts, but its use in the trading world is limited. Only a few brokers accept Venmo directly, and most users will need to transfer funds to their bank accounts or PayPal before depositing into a brokerage platform. While its low fees and instant transactions are appealing, its restriction to US-based users makes it inaccessible to international traders.
Venmo’s fee structure is favorable for bank-funded transactions, but credit card payments come with a 3% fee. Instant withdrawals to a bank or debit card also incur charges, but standard transfers remain free. Despite these minor costs, Venmo remains a budget-friendly option for everyday payments.
When compared to other payment apps, Venmo stands out for its social engagement and ease of use. However, it lacks the global reach and advanced financial tools offered by competitors like PayPal, Skrill, or Neteller. Its mobile-only functionality further limits its usability for traders who prefer multi-platform access.
Ultimately, Venmo is a great choice for quick, small-scale transactions, but it is not the best option for active traders due to its limited broker acceptance and regional restrictions. If your broker supports Venmo, it can be a fast and efficient deposit method, but for serious trading, other payment solutions may offer greater flexibility and global accessibility.
We have conducted extensive research and analysis on over multiple data points on Venmo Brokers to present you with a comprehensive guide that can help you find the most suitable Venmo Brokers. Below we shortlist what we think are the best venmo brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Venmo Brokers.
Selecting a reliable and reputable online Venmo trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Venmo more confidently.
Selecting the right online Venmo trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for venmo trading, it's essential to compare the different options available to you. Our venmo brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a venmo broker that best suits your needs and preferences for venmo. Our venmo broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Venmo Brokers.
Compare venmo brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a venmo broker, it's crucial to compare several factors to choose the right one for your venmo needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are venmo brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more venmo brokers that accept venmo clients.
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IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Admiral
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 80% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Venmo 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 Venmo Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Venmo brokers below.