Debit Card Forex Brokers
Use of the Debit Cards while trading on Forex platforms enables a quick and convenient way to transact funds to or from the account, along with their relatively inexpensive transaction fees compared to other methods.
What is Debit Card in Forex Trading Broker?
Debit Cards are one of the most commonly used payment methods to transfer money accepted by the Forex Trading Brokers. The benefit of regular and known Debit cards is not only to withdraw or deposit money quickly but straightly to use them in regular shops, ATM, etc.
Besides, some Brokers issue their own Card under popular Brands and enabling even easier way to transfer and use money, see XM Debit Card.
For further information read Debit Cards Wikipedia article.
| 💰Deposit | Yes |
| 🏦Withdrawal | Yes (can be some limitations based on Broker conditions) |
What is Debit Card in Forex Platform?
Debit Card is a deposit method frequently used to fund traders’ accounts through brokers’ trading platforms along with Credit Cards and bank Transfers.
See some of our finds for Debit Card in Forex below:
- While some of the legit Forex Brokers with Debit Cards perform funds transactions and cover all fees, some may add above small performance markup.
- The trader should approve the Card provider and his own identity, therefore rights on the Debit Card use before the trader will be able to perform money transactions. Since there are numerous restrictions on Debit Cards usage in some countries might appear, the clients of these jurisdictions will be able to use other, additional payment methods, typically Bank Transfer or e-wallets like Neteller
- Due to the regulatory requirement and anti-money laundering procedures, third-party transactions are not allowed at all, which means the money will be transferred only to the verified Card with the same name as the trading account holder.
| Debit Crad Advantages | Debit Card Disadvantages |
|---|---|
| Most of the brokers offer this method | Some Limitation might be applicable |
| Tranpsarent Condtions | Transaction fees might be high |
| Secure Transactions | Transfers may take up to several business days |
| Fast deposit and withdrawals | Withdrawal typically allowed the same as deposit amount |
| Widely accepted worldwide overall |
Top 5 Best Forex Brokers accepting Debit Card
Here are the selection of Best Brokers by category that are Regulated Forex Brokers with some of the best trading conditions and support Debit Cards as a deposit and withdrawal method:
- HFM – Best Overal Debit Card Broker 2024
- BlackBull Markets – Best MT4 Debit Card Broker 2024
- FP Markets – Lowest Spread Debit Card Broker 2024
- Eightcap – Best for Scalping and EA Debit Card Broker 2024
- BDSwiss – Best Overall Debit Card Broker 2024
How to get a Debit Card at Forex Broker?
Is it safe to trade forex with a debit card broker?
Forex trading with a debit card is usually safe, but you should always do your research and choose only reliable brokers to make sure your money is protected.
Is trading forex with a debit card recommended for beginners?
Yes, It is definitely recommended. It’s a good idea to bet just a small amount of money on forex trading when you’re just starting out.
What broker allows debit card deposits?
There is quite a wide range of brokers that accept debit cards to deposit and withdraw funds from your trading account. Among them are some of the most popular brokers like Pepperstone, FBS, Plus500, and eToro to name a few.
Debit Card Forex Brokers List
This is our selected list of the regulated brokers that accept Debit Cards as a deposit option:
| Broker | Detail | |
|---|---|---|
 GMG Markets
|
Min. Deposit: 200 US$ Max. Leverage: 1:30 Trading Platforms: MT4, GMG+ Regulation: FCA |
GMG Markets Review |
 Stratton Markets
|
Min. Deposit: 250 US$ Max. Leverage: 1:30 Trading Platforms: Stratton Markets WebPlatfrom, MT4 Regulation: CySEC |
Stratton Markets Review |
 Amana Capital
|
Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:100 Trading Platforms: Amana App Regulation: FCA, CySEC, DFSA, LFSA, FSC |
Amana Capital Review |
 Velocity Trade
|
Min. Deposit: $0 Max. Leverage: from 1:30 up to 1:500 Trading Platforms: MT4, PFSOFT Regulation: ASIC, FCA, IIROC, FMA, BaFIN, FSCA |
Velocity Trade Review |
 FIXI Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, Currenex Regulation: FCA |
FIXI Markets Review |
 X Open Hub
|
Min. Deposit: $0 Max. Leverage: 1:30 Trading Platforms: MT4, XOH Traders Regulation: FCA |
X Open Hub Review |
 City Credit Capital
|
Min. Deposit: $500 Max. Leverage: 1:30 Trading Platforms: MarketsTrader, MT4 Regulation: FCA |
City Credit Capital Review |
 KVB Global
|
Min. Deposit: $0 Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, ForexStar, KVB EFX Platform Regulation: ASIC, FSP, MSB |
KVB Global Review |
 Hirose Financial
|
Min. Deposit: $20 Max. Leverage: 1:30 Trading Platforms: MT4, LION Trader Regulation: FCA |
Hirose Financial Review |
 LMAX Exchange
|
Min. Deposit: $10,000 Max. Leverage: 1:30 | 1:500 Trading Platforms: LMAX Exchange Proprietary Platform, MT4/MT5 bridges Regulation: FCA, CySEC, FSP |
LMAX Exchange Review |
