We found 11 online brokers that are appropriate for Trading Venmo.
If you have been looking for the best payment method to send money to your friends or family, Venmo might be in your Wishlist. Let us go deeper with the Venmo.
Venmo is an easy and straightforward mobile app that allows you to send money to your friends and family.
Unlike other payment methods, it does not involve any third-party intervention meaning you have a seamless payment method at hand.
Venmo is basically a P2P or peer-to-peer money transfer mobile app. It is a subsidiary of PayPal which operates in the US only.
So, you must live in the US to be able to use the Venmo app. What makes this different from the other online payment method is its social media elements in the platform.
You can send or request money through emoticons, text messages which are shown in the feeds. The text messages when you send or request money can be seen but the amount of the money remains private.
The Venmo P2P app uses are straightforward and easy. As mentioned before, it will help you to transfer and purchase to and from anywhere who has a Venmo account.
It is important to know that it is not a cross-platform payment method.
All parties involved should have a Venmo app. The app can help you to send or request money to and from your friends or family members.
But it is not purely designed for purchasing or selling with outsiders. You can also use Venmo to make purchases in some ecommerce websites although this is not frequent.
Venmo is an app for Android and iOS devices. It is mobile only. So, you cannot access this service from any other devices.
The nature of Venmo is mobile so that you can take it anywhere you want. You can sign in through your desktop in Venmos official website to view your records. But to execute the transactions, you will need to use the Venmo app on your device.
While Venmo is developed by PayPal, the service coverage is only within the US. Venmo is purpose designed for US customers only.
Therefore, you and the counterpart should be in the US to either transfer or receive the money.
Venmo is used with microtransactions. For this reason, you can mostly avoid paying fees. But the fees will be prevalent if you are using certain services.
For instance, Venmo will charge you 3% per transaction for the payments funded by your credit card. On the other hand, the provider will charge you 1% per transaction or a minimum of 25 cents for the instant transfer.
There are also fees when you withdraw your money to your debit card.
Although there is a fee for this transaction, you do not need to wait for a long time until the funds reach your bank account.
The payments which are funded through your bank account are free of charge. This includes the debit card funding as well.
If you use your credit card, there is a fee that you will need to pay. If you make payment with a merchant who provides a Venmo payment option, you will be exempt from the fees.
You can send the money to Venmo by linking the mobile app to your US bank account, debit card, prepaid debit card, or credit card.
If you want to withdraw the money from your Venmo account to your bank account, then you will need to link to your bank account.
We've collected thousands of datapoints and written a guide to help you find the best Venmo 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 venmo brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Venmo 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.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Venmo Brokers.
Compare Venmo Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with roboforex |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 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. | Losses can exceed deposits | 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | 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, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
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 2021 article further below. You can see it now by clicking here
We have listed top Venmo brokers below.