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Best Trustly Brokers 2024

Trustly is an online payment facilitator that allows investors to transfer funds to and from their trading accounts quickly and securely. Particularly popular amongst European brokers, or those with a large European customer base, the platform provides simplicity and security without the need for a lengthy registration process or software installation. In just a few simple steps, traders can deposit funds and start investing.

In this guide, we review the platforms that support Trustly as well as explore the advantages and disadvantages of using the eWallet for trading. Use our list of top brokers that accept Trustly deposits directly below to get started today.

Best Trustly Brokers

Based on our analysis, the following 5 top-rated brokers offer Trustly payments:

  1. Deriv.com
  2. eToro
  3. RoboForex
  4. Skilling
  5. Plus500

Trustly Brokers Comparison

Trustly Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
eToro logo
$50 CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds eToro Web, CopyTrader, TradingCentral - Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView 1:2000 Visit
Skilling logo
- Forex, CFDs, Stocks, Indices, Commodities and Cryptos Skilling Trader, MT4, cTrader, TradingView - Visit
Plus500 logo
$100 CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto WebTrader, App 1:30 Visit
Libertex logo
€100 CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs Libertex (and mobile app), MT4, MT5 Up to 1:30 (Retail) Visit
DEGIRO logo
$0 Stocks, ETFs, Bonds, Futures, Options, Warrants Own - Visit

#1 - Deriv.com

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

  • Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
  • Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
  • Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates

Cons

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

#2 - eToro

Why We Chose eToro

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.

"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds
  • Regulator: FCA, ASIC, CySEC, FSA, FSRA, MFSA
  • Platforms: eToro Web, CopyTrader, TradingCentral
  • Minimum Deposit: $50
  • Minimum Trade: $10

Pros

  • There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
  • eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies
  • Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program

Cons

  • Traders will face currency conversion fees for account denominations other than USD
  • There are limited contact methods aside from the in-platform live chat
  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software
Visit eToro

#3 - RoboForex

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
  • Regulator: IFSC
  • Platforms: R StocksTrader, MT4, MT5, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk.
  • The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
  • RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.

Cons

  • RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
  • Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
  • RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
Visit RoboForex

#4 - Skilling

Why We Chose Skilling

Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. You can sign up and start trading in three easy steps.

"Skilling maintains its position as a top pick for beginners looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or anyone looking to trade forex during extended hours."

- DayTrading Review Team
  • Instruments: Forex, CFDs, Stocks, Indices, Commodities and Cryptos
  • Regulator: CySEC
  • Platforms: Skilling Trader, MT4, cTrader, TradingView
  • Minimum Trade: 0.01 Lots

Pros

  • The broker offers smooth account funding with a good range of payment methods with zero deposit fees
  • The Skilling Copy solution is accessible directly from the cTrader web terminal, making it easy for strategy providers to manage their portfolios
  • Skilling continues to strengthen its investment offering recently introducing weekend forex trading on 7 currency pairs

Cons

  • You can only access shares in the Skilling Trader platform and fewer instruments are available overall in the MT4 accounts
  • Skilling trails alternatives like IG when it comes to research tools that can help day traders make informed decisions
Visit Skilling

#5 - Plus500

Why We Chose Plus500

Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.

"Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources."

- DayTrading Review Team
  • Instruments: CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
  • Regulator: FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
  • Platforms: WebTrader, App
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

Pros

  • You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities
  • Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility
  • The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders

Cons

  • Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
  • The absence of social trading means users can’t follow and replicate the trades of experienced traders
  • Algo trading and scalping are not supported, which may deter some day traders
Visit Plus500

Trustly Overview

Trustly, formerly Instantbank, was founded in 2008. Today, the payment provider is integrated with over 6,000 banks and 8,000 merchants, connecting 525 million consumers in 30 countries. Its services are used across four key industries: e-commerce, iGaming, travel, and financial services, including trading.

The company is Swedish and continues to operate from its native capital in Stockholm. Following their successful acquisition in 2018, the Trustly Group is now owned by Nordic Captial.

The firm is fundamentally a digital payment provider. They work as an intermediary between the consumer and the merchant, or broker. And whilst they facilitate the transfer of funds, they themselves are not a bank.

How To Deposit Using Trustly

To make a money transfer, simply select Trustly from the payment methods listed by your broker. You will then need to:

Note, that business accounts are not supported. Personal accounts exist only. Accounts must be eligible for bank transfers and can only be used with Trustly if they are one of the 6,000+ banks which the service is integrated with.

For more information on how to use Trustly services, watch the useful guide linked below.

Speed Of Trustly Payments

Transactions, both deposits and withdrawals, are usually processed within minutes. However, additional clearance should be allowed for weekends or public holidays. The bank or another third party may require additional processing time, in which case funds can be delayed.

If you do notice a delay with your payment, you are advised to contact the broker or merchant directly with a copy of the transaction details from your online bank.

Costs

Trustly does not charge fees for making deposits or withdrawals. However, it cannot guarantee that third parties, such as your bank or the trading platform itself, will not themselves apply additional charges. It is worth reading the small print to avoid nasty surprises.

Traders will be relieved to hear that the platform does not charge an inactivity fee. But again, a broker or third-party, may apply this directly. Ensure that you have read the broker’s T&Cs.

Security

The provider implements a number of security measures including 2048-bit RSA encryption to safeguard the security of trader’s payments. As well as SSL/TLS-only communication, granular access rights and privilege, plus GDPR-compliant retention periods for transaction data are followed. There are also multiple firewalls, intrusion detection tools, and multi-factor authentication in place.

Licensing

Trustly Group AB is an authorized Swedish payment institution under the supervision of the Swedish Financial Supervisory Authority. Payment services are conducted in accordance with the Swedish Payment Services Act and directive (EU) 2015/2366. Cross-border payment services are supported within EU/EEA.

Advantages

Among the main benefits of trading with Trustly are:

Disadvantages

There are also some drawbacks to consider:

Customer Support

Support can be accessed via email or phone.

Email: visit the Customer Support tab on the Trustly website to submit a ticket.

Phone:

Note, that queries regarding payments cannot be discussed over the phone for security reasons. For queries regarding previous transactions, valid proof of payment will need to be provided.

Accepted Countries

Services are available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

In 2021, Trustly also launched Instant Payouts in the USA in partnership with Cross River Bank.

Is Trustly Good For Day Trading?

Trustly supports quick, easy and secure payment processing in over 30 countries worldwide. Traders looking to make frequent transfers to trading accounts are in safe hands. The company is keen to meet their evolving customers’ needs – as shown by its recent expansion into the US market.

Traders should note that not all brokers will be eligible to offer Trustly with services severely limited outside of Europe. But if you are based in Europe, it could be worth considering.

See our list of brokers that accept Trustly deposits and withdrawals to start trading today.

FAQ

What Do I Need To Use Trustly For Trading?

To trade using Trustly, you must have a private bank account held in your name, which is eligible to make bank transfers. Your balance must not be in credit from the bank, and the bank account currency must be in local currency.

Can I Get A Refund On My Deposit?

Trustly is a payment method, it facilitates the transfer of funds to your trading platform but it is important to note that it does not hold any funds. Instead, it forwards them to the trading platform. If you need to request a refund, you will need to take it up with the trading platform or broker which holds the funds.

How Long Does It Take To Withdraw Funds Into My Bank?

Withdrawal processing times are usually dependent on the trading platform in question. Whilst Trustly processes transfers instantly, third parties may require additional time for checks and further processing. You should check with your trading platform for clarification on withdrawal times. Alternatively, see our detailed reviews.