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 AdvantagesDebit Card Disadvantages
Most of the brokers offer this methodSome Limitation might be applicable
Tranpsarent CondtionsTransaction fees might be high
Secure TransactionsTransfers may take up to several business days
Fast deposit and withdrawalsWithdrawal 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 2022
  • BlackBull Markets – Best MT4 Debit Card Broker 2022
  • FP Markets – Lowest Spread Debit Card Broker 2022
  • Pepperstone– Best for Scalping and EA Debit Card Broker 2022
  • BDSwiss – Best Overall Debit Card Broker 2022

How to get a Debit Card at Forex Broker? 

Some Forex Brokers issue their own Debit Card typically MasterCard for easy transfers between trading accounts. However, some conditions may apply and also be offered in specific regions only, check FXTM or FxPro.

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
avatrade review AvaTrade
Min. Deposit: $100
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, MT5, WebTrader, AvatradeGO, AvaOptions, DupliTrade, ZuluTrade, AvaSocial, Capitalise.ai
Regulation: Bank of Ireland, ASIC, JFSA, FSCA, CySEC, BVI FSC, FRSA, ISA
AvaTrade Review
FXGT.com
Min. Deposit: $5
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT5, WebTrader, MT4
Regulation: FSCA, FSA, VFSC
FXGT.com Review
JustMarkets Review Logo JustMarkets
Min. Deposit: $1
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5
Regulation: FSCA, CySEC, FSA, FSC
JustMarkets Review
Exness Review Exness
Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: SFSA, CBCS, FSC, FSCA
Exness Review
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA, CFTC
OANDA US Review
XM Broker Logo XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA, FCA
XM Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC
InstaForex Review
CAPEX CAPEX
Min. Deposit: $100
Max. Leverage: 1:30 | 1:300
Trading Platforms: CAPEX WebTrader, MT5
Regulation: CySEC, FSCA, ADGM FSRA, FSA
CAPEX Review
IGM FX logo IGM Fx
Min. Deposit: $250
Max. Leverage: 1:30 | 1:400
Trading Platforms: Webtrader, MT4 Desktop, Mobile App
Regulation: CySEC
IGM Fx Review
EC Markets Review Logo EC Markets
Min. Deposit: $10
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: FCA, FSA, FSC
EC Markets Review