Best Credit Card Brokers 2024

Credit cards are among the most popular and convenient payment methods globally. Credit card transactions are accepted by most merchants, including the top trading brokers. Existing cardholders can deposit funds into FX trading accounts in just a few clicks.

This review details the benefits and drawbacks of trading with credit cards, including fees, limits and deals. We also list the best online brokers that accept credit card deposits in 2024.

Best Credit Card Brokers

Following our analysis, these are the top 5 brokers with credit card payments:

Credit Card Brokers Comparison

Credit Card Brokers Comparison
Minimum Deposit	Instruments	Platforms	Leverage	Visit
-	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade	1:30 (Retail) 1:400 (Pro)	Visit
$5	CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Deriv Trader, MT5	1:1000	Visit
$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade	1:30 (Retail), 1:500 (Pro)	Visit
$5	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	MT4, MT5	-	Visit
$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	Visit
$100	CFDs, Forex, Stocks, Indices, Commodities	MT4, MT5, TradingView	-	Visit
$50	CFDs, Forex, Indices, Commodities	MT4, MT5	1:30	Visit
$0	CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds	MT4, TradingView, TradingCentral	1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.	Visit
$10	CFDs, Forex, Stocks, Indices, Commodities, Crypto	Exness Trade App, MT4, MT5, TradingCentral	1:2000	Visit
$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	-	Visit
$100	CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral	1:200 (Retail), 1:500 (Pro)	Visit
$20	Forex, CFDs, Stocks, Indices, Commodities, Crypto	MT4	1:1000	Visit
$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	1:500 (entity dependent)	Visit
$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral	1:30 (Retail), 1:250 (Pro)	Visit
$10	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Web Platform, Mobile App	-	Visit

#1 - AvaTrade

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Review

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
- DayTrading Review Team

Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
Minimum Trade: 0.01 Lots
Leverage: 1:30 (Retail) 1:400 (Pro)

Pros

The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
Day traders can access stable spreads and zero commissions with no hidden fees

Cons

There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here

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#2 - Deriv.com

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Review

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "
- DayTrading Review Team

Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
Regulator: MFSA, LFSA, VFSC, BFSC
Platforms: Deriv Trader, MT5
Minimum Deposit: $5
Minimum Trade: 0.01 Lots
Leverage: 1:1000

Pros

Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters
The free demo account is ideal for practicing short-term trading strategies and no registration is required
Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates

Cons

The range of 100+ assets trails some competitors such as Quotex which offers 400+
There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
There's no loyalty program or rebate scheme for high volume traders

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#3 - Pepperstone

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Review

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
- DayTrading Review Team

Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Minimum Deposit: $0
Minimum Trade: 0.01 Lots
Leverage: 1:30 (Retail), 1:500 (Pro)

Pros

Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.

Cons

Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.

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#4 - XM

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Review

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."
- DayTrading Review Team

Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
Regulator: ASIC, CySEC, DFSA, FSC, FSCA
Platforms: MT4, MT5
Minimum Deposit: $5
Minimum Trade: 0.01 Lots

Pros

XM is a hugely respected broker authorized by tier-one regulators
XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
Accessible trading accounts with a $5 minimum deposit and fast account opening

Cons

There's $5 inactivity fee after only 3 months, though this won't affect active traders
There is weak regulatory oversight through the global entity
PayPal deposits are not supported

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#5 - IC Markets

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Review

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
- DayTrading Review Team

Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Regulator: ASIC, CySEC, FSA
Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit: $200
Minimum Trade: 0.01 Lots
Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

Pros

As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
With ultra-fast execution speeds averaging 35 milliseconds and deep liquidity, IC Markets provides an optimal trading environment for scalpers, hedgers, and algorithmic traders.
You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.

Cons

The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.

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Credit Card Overview

First coined by Edward Bellamy in 1887, credit cards have evolved into a leading payment method used worldwide. Millions of daily transactions are carried out by major companies, including Visa, MasterCard, Maestro, and American Express.

The payment method allows instant transactions within a secure online environment. Importantly, they also allow investors to speculate on financial markets with funds essentially borrowed from their issuing bank. It’s perhaps unsurprising then that credit cards are a top choice among traders.

Brokers that allow credit card deposits

Pros Of Trading With Credit Cards

Accepted Everywhere

Credit cards are provided by multiple companies and large brands are accepted by most trading brokers. Visa, Mastercard, and American Express are particularly popular. This means you can change brokers, move countries and you’ll still be able to make deposits and withdrawals using your credit card.

Rewards

Many credit cards come with rewards such as cashback, zero/no interest, and product offers. Details of the credit cards with the best free rewards can be found in reviews online. Some brokers also offer rewards for depositing with credit cards over other payment methods. Check for the latest promos when you sign up for an account.

Credit Card Choice

There are many options to choose from when looking into credit cards. Some are good to build credit, others offer low interest, and some promise the best incentives. It’s worth checking a credit comparison website before opening an account. And always check the terms and conditions before registering.

Customer Support

Generally, credit card companies provide customer support via multiple channels, from rapid response live chats and international phone numbers to extensive FAQ sections. This is good news for traders because it means support is available should you run into withdrawal issues at your broker. Moreover, credit cards sometimes provide extra security should you apply for an account with a disreputable trading broker or scam.

Note, you can also contact your online broker’s support team should you encounter deposit or withdrawal issues.

Cons Of Trading With Credit Cards

Risk Of Debt

Users are putting themselves at risk if they are unable to settle their credit card debt. This debt can rise significantly with associated charges and fees. This combined with the risky nature of leveraged trading means investors should be careful.

Credit Score Check

Most companies assess a new applicant’s eligibility through a credit score checker. Applications will be refused if an applicant has a history of unpaid debt and a poor credit score. However, if the trader is already a credit card holder then this shouldn’t be an issue. But for traders new to credit cards, there are a few hoops to jump through before you can make a deposit.

Speed

Payments with credit cards are typically instant at most providers, such as Interactive Brokers, though it can take time to appear on your statement. Brokers may also have their own payment processing times to factor in for credit card funding, but these are typically short. Withdrawals tend to take longer due to additional checks on the broker’s side.

Security

Credit cards are generally a safe and secure payment method to use. Most supporting companies offer a strong level of protection in regard to fraud and misuse. They also provide integrated payment portals direct to your forex trading account for peace of mind.

Best credit cards brokers and deals

Deposits & Withdrawals

No deposit is strictly required with a credit card, holders simply pay off the money they spend. In the context of day trading, any deposits made to a broker using a virtual credit card will be transferred immediately to the broker but the credit will have to be settled at the payment date.

Withdrawals from credit cards are only applicable when refunds are received. With respect to online trading, if an investor withdraws funds from their account via a credit card the value of the withdrawal will show as a debit on the card. The cardholder can then request to transfer the money into the debit account associated with the card. Credit balance refunds are subject to the card’s processing times.

Check for minimum payment terms at your broker prior to making payment.

Fees

The biggest fee applicable is the annual percentage charge which is the rate charged for borrowing funds. This fee is applicable on any debt remaining at the end of each month. APR can range from 5% to 75%, so it can be a costly expense to miss a credit card payment.

Annual membership fees vary from company to company. Cards that are free to join such as the Platinum Mastercard by Captial One typically have lower credit limits and fewer rewards than fee-paying cards. Credit cards with better rewards and higher credit limits tend to have a membership fee, which can range from $1 to over $100.

However, you can always find a good deal as no-membership-fee cards are becoming more popular. For example, the 25.3% APR American Express Platinum Cashback Everyday credit card has travel and shopping protection and 5% cashback up to £100 for the first three months, after this period you continue to receive cashback without paying for membership.

Brokers also have their own payment fees. Deposits are usually free, but withdrawals can come at a cost. Check with your broker before making a payment.

Are Credit Cards Good For Day Trading?

Credit cards are an attractive payment option for traders. Existing cardholders will be familiar with their ease of use for online trading. But clients who are considering signing up for a credit card for forex trading should first consider the risks and fees. Leveraged investing is already risky and borrowing further capital from a card issuer could increase that risk further.

See our list of brokers that accept credit card deposits to get started today.

FAQ

How Do Credit Cards Work At Brokers?

A credit card company will pay upfront for any deposits made to a trading account. At the end of the month or on an agreed payment date, the trader will then be required to settle the debt.

Are My Trading Funds Safe With Credit Cards?

From a security perspective, credit cards are relatively safe. Your trading funds aren’t at risk in the first instance but only spend and deposit what you can pay off. Any fraudulent spending will be handled by customer support.

Is It Free To Deposit Using Credit Card?

Most brokers offer free deposits, though some may charge a small percentage commission. Additionally, some credit cards may charge the holder an annual membership fee which can range from $1 to $100+. Membership fees are typically contingent on the credit limit and rewards available.

Best Credit Card Brokers 2024