Traders often wonder what deposit methods are available to them when choosing a forex broker. It is important they consider any common issues that may arise when making a deposit. Are your funds depositing safely? Is the deposit instant? Is there a fee when making a deposit?
Most brokers offer a wide range of ways for traders to put money into their accounts. Depending on your preferences and the location you live in, there are various methods to deposit money safely and securely from credit cards to e-wallet options. The most common ways to deposit are via credit card, bank transfers and various online payment methods
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Almost all forex brokers accept deposits via Visa card. There are a variety of card options including Visa, Visa Electron and Visa Delta. One of the most popular, reliable and affordable choices when it comes to payment products, Visa offers both credit and debit cards, all supported by many forex brokers. Don’t have a Visa card?
Mastercard is one of the most esteemed financial institutions of the world so there is no surprise that most forex brokers accept them for deposits and withdrawals. Enjoy rapid electronic payment and trustworthy transactions using a Mastercard!
Maestro is a multi-national debit card service owned by MasterCard and founded in 1992. Safer than carrying cash, a Maestro card can be used online, at ATMs and even forex brokers!
A payment method of choice for most Chinese traders. This Chinese financial services corporation provides bank card services. Chinese regulations restrict bank transfers and other payment methods, making China Unionpay an easy solution.
Diners Club is a credit card company that is accepted by more than 30 million merchants in 185 countries and territories. One benefit for US members is the Promotions program, which allows cardholders to take advantage of special perks and amenities!
American Express is the third most popular provider of credit and debit cards. Enjoy simple ways to conduct transactions when trading forex with an AMEX card. Funds can be deposited within a few minutes and in a simple manner.
Popular e-wallet service, Skrill allows instantaneous payments and low-cost international money transfers with a variety of brokers. Skrill covers over 200 countries and allows sending and receiving payments in over 40 different currencies. Don’t have a Skill Account?
Enjoy quick and convenient online payments with Neteller – a common form of e-wallet among forex brokers. This secured web based payment method makes depositing money into your trading account quick and easy. When you sign up for an account you gain access to a host of services, including Money Transfer.
PayPal is an online payments system, operating worldwide. Deposits to forex accounts are quick, efficient and low-cost. No need to share your credit card details with Forex brokers, your information is secure when making a money transfer.
mPay is a popular payment processor and payment service provider in Thailand. In 2015 it was calculated that mPay had approximately 4 million people in Thailand using it.
Similar to PayPal, Fasapay is an online payment system for the Indonesian market. Very common in the forex industry, Fasapay allows deposits and withdrawals with low transaction fees, processed in a swift and easy manner.
Developed and targeted to the Russian market, WebMoney is an online payment processing platform that uses many of its own currencies as well as gold. Depositing can be done by money order, wire transfer, virtual cards, electronic currencies and bank cards.
Moneta is an online payment system created exclusively for the Russian market. Payment methods include e-wallets, electronic payment systems, local bank transfer, shops, payment terminals, bank cards and others. Moneta makes online transactions fast, simple, safe and cheap- ideal for forex traders!
Boleto is a payment method used in Brazil and regulated by FEBRABAN. Launched in 1993, it covers about 30% of online payments and is popular with those who want to save funds or do not have a credit card.
Global payments company, Netbanx offers relevant, simple and secure payment solutions for merchants and retailers. It has robust fraud and risk management tools that secure your payments via credit cards, debit cards, pre-paid cards, and a range of other payment types.
EProtections helps ease the burden of costs and complex operations of overseas payments. This payment system, commonly used by Japanese customers is secure and reliable and suitable for both corporate and individual clients.
Used by Russian clients, QiWi is an e-wallet that enables clients to easily and swiftly top-up their wallet using electronic money, bank card and via cash through kiosks.
Enjoy secure and reliable payments with dotpay. Accepting payments with Visa, MasterCard, e-transfers and various other cards, dotpay has no fixed fees and offers worldwide access.
Payza accepts payments from over 190 countries and offers innovative and robust security when depositing and withdrawing money. Enjoy no fees and top-of-the-range support by live chat or email.
Available for clients all over the world, Western Union is a financial services company that offers person to person money transfer, commercial services and business payments. If a broker offers Western Union as a payment method, it’s good news for traders as they don’t have to provide personal bank information.
A Paysafecard is a virtual cash online payments system which enables users to pay safely online. Forex traders can use this card to be ensured of safety and security when funding their trading accounts. Deposit cash without the use of a bank account, e-wallet or credit card.
GiroPay is a German internet payment system that enables clients to make transactions using their online banking system. Transaction fees are low, making GrioPay a suitable payment method for forex traders.
Bank transfer or “wire transfer” is a payment method that involves a client transferring funds direct from their bank account into their trading forex account. There are no processing fees, it’s safe and there are no minimum or maximum transfer restrictions.