1. Home
2. Best Day Trading Platforms and Brokers in 2024
3. Broker Payment Methods

Airtel Brokers 2024

Written By

Jemma Grist

Written By

Jemma Grist

Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.

» Jemma Grist Profile Page

Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.

» James Barra Profile Page

Updated

Sep 9, 2024

Airtel Money is a mobile wallet service, popular in Africa and South Asia, that facilitates straightforward deposits to trading accounts from phones – eliminating the need for wire transfers or credit cards.

Users benefit from near-instant processing times, low transaction fees, plus robust security measures like encryption and PIN verification while using Airtel Money for day trading.

Jump into DayTrading.com’s pick of the best brokers that accept Airtel Money, tested and rated by experts.

Best Airtel Brokers

Following our hands-on evaluations, these are the 1 highest-rated trading platforms accepting Airtel deposits:

Click a broker for details

1. 1

   
   Pocket Option
   Go To Pocket Option

   Pocket Option Review

   New Customer Bonus Offer 50% Deposit Bonus

   ---

   Ratings

   Regulation & Trust 2 / 5

   Accounts & Banking 3.5 / 5

   Assets & Markets 2.5 / 5

   Fees & Costs 3.5 / 5

   Platforms & Tools 3.3 / 5

   Customer Support 3.3 / 5

   Research 3 / 5

   Education 3.5 / 5

   iOS App 4 / 5

   Android App 4.2 / 5

   ---

   Minimum Deposit $50

   Minimum Trade $1

   Leverage

   Regulator MISA

   Instruments Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos

   Platforms Web, MT4, MT5

   Payment Methods Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel

   Account Currencies USD

   Go To Pocket Option

Here is a summary of why we recommend these brokers:

1. Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

Airtel Brokers Comparison

Airtel Brokers Comparison

Broker	Minimum Deposit	Instruments	Platforms	Leverage	Regulators
	$50	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos	Web, MT4, MT5	-	MISA

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer	50% Deposit Bonus
Demo Account	Yes
Instruments	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Regulator	MISA
Platforms	Web, MT4, MT5
Minimum Deposit	$50
Minimum Trade	$1
Account Currencies	USD

Pros

• The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
• Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
• The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders

Cons

• The MISA is a weak regulator with limited investor protection for retail traders
• The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
• Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

Visit Pocket Option

Pocket Option Review

How Did We Choose The Best Airtel Brokers?

To identify the top Airtel brokers, we:

Comparing Airtel Brokers

Choosing a broker with Airtel deposits is a personal choice, but we suggest weighing these key factors:

• Trust: We recommend brokers that we trust, determined by the firm’s regulatory credentials, history, and the observations of our experts. Airtel itself is a trusted payment method and telecoms provider, based in India and is also active in other nations across Africa and the Middle East. The firm’s banking services are overseen by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI). The company has also been operational for over 25 years while its Airtel Money product has attracted over 34 million users, including active traders.
• Markets: We prefer brokers that offer a wide range of markets that allow day traders to explore diverse trading opportunities. Our evaluations have found that the top Airtel platforms typically offer key asset classes like forex, stocks, commodities, indices and cryptocurrencies. Importantly, this may include African and Indian securities given the payment method’s popularity in these regions. Assets are often tradable via contracts for difference (CFDs), which allows for short-term speculation without requiring any ownership of the underlying asset, while leverage enables you to multiply your trading results.
• Fees: We prioritize platforms with low fees, which is important for active traders who need to protect their profits. We assess important trading costs, notably spreads and commissions, focusing on popular markets like EUR/USD and oil, then weighing these against transaction costs such as deposit and withdrawal fees. Conveniently, users are not typically charged when making a payment to a broker from their Airtel Wallet.
• Tools: We prioritize brokers who offer powerful and reliable charting platforms for short-term trading strategies. MT4 and MT5 have led the industry for years, but we’re seeing alternatives like TradingView and cTrader increasingly rival MetaTrader’s position. Day trading apps are also on the rise, aligning with Airtel Money’s mobile-centric users.

What Is Airtel?

Bharti Airtel Limited was founded in India in 1995 by Sunil Mittal.

The Airtel Payments Bank was later founded in 2016, which introduced the Airtel Money digital wallet, where traders can make trading deposits via the Airtel Thanks app.

The firm operates in 18 countries, mainly across South Asia and Africa.

Airtel is a relatively secure payment method, with various data protection and cyber security measures in place including 2-factor authentication (2FA) and one-time passwords (OTP).

Fees

Airtel doesn’t charge fees for depositing to a broker via a virtual card, although a wallet payment to a broker’s bank account may incur a 3% charge.

Casual traders should also note that a Rs 20 maintenance fee can be charged on wallets if you have not transacted for six calendar months. This fee is deducted from the wallet balance.

There’s also a Rs25 + GST annual maintenance charge for virtual prepaid cards, though a virtual debit card is free.

However, fees for using Airtel may vary depending on your location.

Speed

Airtel wallet transactions are usually near-instant, which will appeal to active traders looking to make frequent payments to and from their trading accounts.

That said, some brokers may have their own processing times depending on their internal processes. For example, we’ve seen that withdrawals can take up to five working days if know your customer (KYC) and anti-money laundering (AML) checks need to be completed.

How To Deposit Using Airtel

To begin making payments using Airtel, you’ll need to first register for a wallet account via the provider’s website.

You should then be able to fund your trading account quickly, though the process may differ depending on the broker. At Pocket Option, for example:

1. Sign into your platform and select ‘Top Up’ in the top right-hand corner
2. Select ‘Airtel’ from the list of payment methods
3. Enter the amount you wish to deposit, followed by your Airtel payment details
4. Confirm the transfer

Pros & Cons of Funding Your Trading Account With Airtel

Pros

Cons

Is Airtel Good For Day Trading?

Airtel is an excellent choice for African and Indian day traders looking for fast and convenient trading payments from their mobile phones. The payment app offers seamless account management for those who trade on the go.

To get started, see DayTrading.com’s selection of the top Airtel brokers.

FAQ

Is Airtel Safe To Use For Day Trading?

Founded in 1995, Airtel has been providing payments and banking solutions since 2016 and is overseen by the Reserve Bank of India. The provider is also trusted by millions of customers in Africa, South Asia and beyond.

However, security will also depend on the broker you choose to register with. That’s why we recommend a regulated Airtel broker that has been tested by our experts.

How Much Does It Cost To Fund A Trading Account With Airtel?

There are no fees for making payments via Airtel Money, although there may be a 3% for transferring to another bank account. There’s also a Rs20 charge if you haven’t made a payment in 6 months.

Brokers may also have their own transaction fees so check terms and conditions before sending any money.