Alipay Brokers 2024
Alipay is the most popular e-wallet service and online payment method in China, followed by WeChat Pay. Facilitating mobile transfers through multiple payment channels, it’s proven popular with active traders.
Explore the best brokers that accept Alipay deposits. We’ve verified that every trading platform listed supports Alipay.
Best Alipay Brokers
Following our hands-on tests, these are the 8 highest-rated brokers with Alipay:
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1
RoboForex$30 No Deposit BonusRoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.01 Lots1:2000IFSCCFDs, Forex, Stocks, Indices, Commodities, ETFs, FuturesR StocksTrader, MT4, MT5, TradingViewVisa, iDeal, Trustly, Neteller, Skrill, Giropay, Sofort, Wire Transfer, Rapid Transfer, Alipay, POLi, Perfect Money, MoneyGram, Cashu, SafeCharge, WeChat Pay, Vietcombank Transfer, Volet, ecoPayz, AstroPayUSD, EUR -
2
LiteFinanceRebate on payment fees
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$500.01 Lots1:500 (Crypto 1:50)CySECForex, CFDs, indices, shares, commodities, cryptocurrenciesMT4, MT5Visa, WebMoney, Mastercard, Perfect Money, Bitcoin Payments, M-Pesa, Alipay, Swift, Ethereum Payments, SticpayUSD, EUR -
3
Axi72.4% of retail investor accounts lose money when trading CFDs with this provider
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:500FCA, ASIC, FMA, DFSA, SVGFSACFDs, Forex, Stocks, Indices, Commodities, CryptoAxi Copy Trading, MT4, AutoChartistNeteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay, AirtelUSD, EUR, GBP, CHF, PLN -
4
VT Markets50% Welcome Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
50 - 500 USD0.01 Lots1:500ASIC, FSCA, FSCCFDs, Forex, Commodities, Stocks, IndicesVT Markets App, Webtrader, Web Trader+, MT4, MT5, TradingCentralAlipay, UnionPay, Debit Card, Credit Card, Wire Transfer, FasaPay, Skrill, Neteller, Visa, Mastercard, Apple Pay, Google WalletUSD, EUR, GBP, CAD, AUD -
5
Ultima Markets50% Deposit Bonus up to $10,000
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$500.01 Lots1:30 (EU), 1:2000 (ROW)CySEC, FSC, SVGFSACFDs, Forex, Stocks, Indices, CommoditiesUM Social, UM App, MT4Visa, Mastercard, Bitcoin Payments, Alipay, UnionPay, Wire TransferUSD, EUR, GBP, CAD, AUD, JPY, HKD -
6
TMGMPoint-based loyalty system
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$1000.01 Lots1:500ASIC, FMA, VFSCCFDs, Stocks, Energies, Indices, Metals, Cryptos, ForexMT4, MT5, TradingView, TradingCentralCredit Card, Debit Card, Visa, Mastercard, UnionPay, Neteller, Skrill, Wire Transfer, FasaPay, AlipayUSD, EUR, GBP, CAD, AUD, NZD -
7
KucoinWelcome bonus up to 500 USDT
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.0001 LotsETFs, Cryptos, FuturesOwnWire Transfer, Credit Card, Debit Card, Skrill, Neteller, Google Wallet, Apple Pay, WeChat Pay, Alipay, PayPalUSD, EUR, GBP, BRL -
8
IQ OptionRISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.001 Lots1:500CFD, Forex, Crypto, Stocks, Digital OptionsOwnSkrill, Yandex Money, QIWI, Wire Transfer, Alipay, Perfect Money, MoneyGram, Credit Card, Vietcombank Transfer, Volet, Maestro, Sofort, GlobePay, BoletoUSD, EUR, GBP, ZAR
Here is a short summary of why we think each broker belongs in this top list:
- 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.
- LiteFinance - LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a Classic commission-free account as well as an ECN account with spreads starting from zero and a commission per lot.
- Axi - Established in 2007, Axi is a multi-regulated forex and CFD broker that has made strides to improve its trading experience over the years, from expanding its suite of stocks and upgrading the Axi Academy to launching its own copy trading app.
- VT Markets - Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of day trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and FSC.
- Ultima Markets - Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
- TMGM - TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.
- Kucoin - Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.
- IQ Option - IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
Alipay Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
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$10 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | R StocksTrader, MT4, MT5, TradingView | 1:2000 |
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$50 | Forex, CFDs, indices, shares, commodities, cryptocurrencies | MT4, MT5 | 1:500 (Crypto 1:50) |
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$0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Axi Copy Trading, MT4, AutoChartist | 1:500 |
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50 - 500 USD | CFDs, Forex, Commodities, Stocks, Indices | VT Markets App, Webtrader, Web Trader+, MT4, MT5, TradingCentral | 1:500 |
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$50 | CFDs, Forex, Stocks, Indices, Commodities | UM Social, UM App, MT4 | 1:30 (EU), 1:2000 (ROW) |
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$100 | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex | MT4, MT5, TradingView, TradingCentral | 1:500 |
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$0 | ETFs, Cryptos, Futures | Own | - |
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$10 | CFD, Forex, Crypto, Stocks, Digital Options | Own | 1:500 |
RoboForex
"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."
Christian Harris, Reviewer
RoboForex Quick Facts
| Bonus Offer | $30 No Deposit Bonus |
|---|---|
| Demo Account | Yes |
| 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 |
| Account Currencies | USD, EUR |
Pros
- RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
- The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
- 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.
Cons
- Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
- While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
- 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.
LiteFinance
"LiteFinance will suit traders seeking high leverage on forex, stocks, commodities, indices and cryptocurrencies. The social trading system will also suit newer investors looking to learn from seasoned traders."
Tobias Robinson, Reviewer
LiteFinance Quick Facts
| Bonus Offer | Rebate on payment fees |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Regulator | CySEC |
| Platforms | MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 (Crypto 1:50) |
| Account Currencies | USD, EUR |
Pros
- Automated trading via APIs
- Good range of forex pairs
- Great trading platform support with MT4, MT5 and a proprietary app
Cons
- Some complaints online about difficulties withdrawing funds
- Does not accept US traders
- Wide spreads on the Classic account
Axi
"Axi is a stand-out option if you want to day trade forex on the MetaTrader 4 platform thanks to the broker’s growing selection of 70+ currency pairs, the MT4 NextGen upgrade, and tight spreads from just 0.2 pips if you opt for the Pro account."
Axi Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | FCA, ASIC, FMA, DFSA, SVGFSA |
| Platforms | Axi Copy Trading, MT4, AutoChartist |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CHF, PLN |
Pros
- Axi offers a terrific MT4 experience, enhanced with the NextGen plug-in for advanced order management and analytics, and complete with low execution latency of approximately 30ms.
- Axi's latest copy trading app is really intuitive based on our tests with useful filtering options to match strategies with individual risk preferences.
- The growing educational resources in the Axi Academy, including free eBooks, video tutorials and notably interactive quizzes, are excellent for supporting beginner traders.
Cons
- Axi is falling behind by only offering MT4 when many rivals now support MT5, cTrader, TradingView and proprietary software for a slicker experience with more advanced tools.
- Despite bolstering its stock CFDs in US, UK and EU markets, it’s still nowhere near as extensive as firms like BlackBull which offer thousands of equities for diverse opportunities.
- Axi still has our confidence but issues with the ASIC and FMA in recent years mean it needs to continue providing a secure environment while adhering to licensing conditions.
VT Markets
"VT Markets is a great choice for regular traders who are looking for very tight spreads and powerful charting software. The broker's share CFD offering is particularly strong, with hundreds of commission-free assets spanning multiple global markets."
VT Markets Quick Facts
| Bonus Offer | 50% Welcome Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Commodities, Stocks, Indices |
| Regulator | ASIC, FSCA, FSC |
| Platforms | VT Markets App, Webtrader, Web Trader+, MT4, MT5, TradingCentral |
| Minimum Deposit | 50 - 500 USD |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Traders can access a range of analysis tools supplied by reputable providers, including Trading Central’s Market Buzz AI tool and a customizable economic calendar
- VT Markets offers free 90-day demo accounts allowing traders to thoroughly test their short-term strategies
- Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
Cons
- The broker’s bonus schemes have stringent terms and conditions, including restrictions on minimum deposits and payment methods used
- Unlike similar brands like Fusion Markets, VT Markets does not offer crypto trading
Ultima Markets
"Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 platform. The minimum deposit is accessible at $50 and there are no fees when you open and fund your account. Ultima Markets will also serve traders with a large risk appetite looking for high leverage up to 1:2000."
Ultima Markets Quick Facts
| Bonus Offer | 50% Deposit Bonus up to $10,000 |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities |
| Regulator | CySEC, FSC, SVGFSA |
| Platforms | UM Social, UM App, MT4 |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (EU), 1:2000 (ROW) |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, HKD |
Pros
- $50 minimum deposit with the Standard account
- Flexible trading accounts with spread-only pricing or low commission solutions
- Access to the MT4 platform on desktop, web and mobile
Cons
- Weak regulatory oversight through the offshore branch
- $20,000 minimum deposit for the best trading conditions
- Education trails the top brokers
TMGM
"TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing."
TMGM Quick Facts
| Bonus Offer | Point-based loyalty system |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
| Regulator | ASIC, FMA, VFSC |
| Platforms | MT4, MT5, TradingView, TradingCentral |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD |
Pros
- Well-regulated and reputable brand with a solid client base
- Excellent platform support with MetaTrader 4, MetaTrader 5 and IRESS
- Accommodates new and time-poor traders with copy trading support from HUBx
Cons
- $30 fee levied monthly on accounts which are inactive for 6 months or have a balance below $500
- Shares are only available on the IRESS account, and not tradeable via MT4 and MT5
Kucoin
"Users who want to make automated crypto trades on a wide range of digital currencies should Kucoin. The brand is also good for crypto staking and mining."
Kucoin Quick Facts
| Bonus Offer | Welcome bonus up to 500 USDT |
|---|---|
| Demo Account | Yes |
| Instruments | ETFs, Cryptos, Futures |
| Platforms | Own |
| Minimum Deposit | $0 |
| Minimum Trade | 0.0001 Lots |
| Account Currencies | USD, EUR, GBP, BRL |
Pros
- Good range of DeFi products as well as Web3 features including an NFT marketplace
- Low trading fees
- Well-known and reputable in the crypto world
Cons
- The proprietary platform can feel complex compared to better-known terminals
- Limited educational resources
- Fiat withdrawals are not possible
IQ Option
"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."
IQ Option Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Digital Options |
| Platforms | Own |
| Minimum Deposit | $10 |
| Minimum Trade | 0.001 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, ZAR |
Pros
- Excellent range of payment methods
- Access to IQ Option community
- User-friendly platform for beginners
Cons
- €10 inactivity fee after 90 days
- No MetaTrader 4 integration
How Did We Choose The Best Alipay Brokers?
To identify the top Alipay brokers, we:
- Took our database of 500 brokers to pinpoint those accepting Alipay
- Checked they support Alipay deposits and withdrawals for trading
- Ranked them by their rating, mixing hard data with our testing observations
What Is Alipay?
Alipay was established in Hangzhou, China in 2004 by the Alibaba Group. The payment brand is currently under Jack Ma’s ownership.
The company’s head office is located in Shanghai and the firm is a subsidiary of Ant Group, a Chinese tech giant.
The corporation has expanded globally, establishing other subsidiaries including Alipay Financial Services Hong Kong Limited, Alipay Singapore E-Commerce Private Limited, and Alipay (UK) Limited.
In 2022, Alipay had an estimated 82.2% market share of the third-party payments market in China, with over 680 million daily transactions and the number of users reaching 1.3 billion. The company’s net profit also reached $3 billion as it cashed in revenues of $10.5 billion in just 6 months, meaning a profit margin of 30%.
Pros Of Trading With Alipay
Mobile App
The mobile app is a convenient tool for investors who want to manage their trading deposits and account transactions whilst on the go. You can download the English app or the original Chinese version from the Apple App Store or Google Play store.
Multiple Payment Channels Supported
Alipay is a third-party eWallet service and therefore supports multiple payment methods.
Day traders can deposit or withdraw an Alipay account balance with stored credit or debit cards or epay solutions, such as MasterCard or Visa, plus with other methods like the GCash wallet and Klarna.
Secure
Alipay is a secure payment method that uses established processes including QR code payment scanning and 3D secure technology.
Deposits should be safe via Alipay, but traders should also check the security of their chosen broker.
Multiple Countries & Currencies
The company’s ecosystem supports payments in multiple regions around the world, including Asia – primarily Hong Kong, Japan, Vietnam, and Singapore, as well as Europe, including the UK, Italy, and Norway, plus North America, Canada, Russia, Pakistan, Malaysia, Nepal, Ghana, Kenya, and Nigeria.
It also supports transactions in 18 major foreign currencies, including USD, EUR, GBP, JPY, CAD, AUG, and SGD.
If you are an international trader and wish to transact in CNY, when exchanging one currency for another you must keep in mind the rate for today, which can be found online.
Payment Protection
The firm offers buyer payment protection up to 90 days for members, which reimburses unauthorized transactions. Traders can get in touch with customer service if they notice anything suspicious.
Cons Of Trading With Alipay
Registration Restrictions
The company’s business model primarily only allows Chinese bank accounts to register, however, traders who do not have a Chinese bank account can use the Tour Pass.
This is a service provided by the Bank of Shanghai, which allows visitors to top up a prepaid card within the app, using a foreign card.
Note, however, that the service is only available for 90 days, which may be unsuitable for full time traders.
Settlement Times
Investors should note that the settlement of funds will depend on the payment method chosen within the Alipay wallet, so you will need to check with the individual payment provider beforehand.
Alipay brokers may also have their own processing times, though the top platforms process deposits almost instantly and withdrawals within five working days.
Verification Needed
To create and set up your account, you will need to go through a KYC verification process by submitting your ID and possibly a copy of your Visa if you are a visitor in China.
As a result, Alipay is not as convenient as instant payment methods which don’t require account registration.
No Crypto
Because of Chinese regulations, blockchain transactions are not allowed on Alipay. Hence you won’t be able to purchase Bitcoin (BTC) or Ripple (XRP) in China. This may deter budding cryptocurrency traders.
Speed
Deposits and withdrawals via Alipay are processed in real-time, with no need to fill out lengthy payment forms and personal details for each deposit.
Note that the domestic and global remittance times will depend both on your chosen payment method and the broker you are joining.
Security
Alipay is fairly secure to use online, as it has encryption protocols to protect customer transaction data, as well as 3D secure technology within the app to verify payments. 3D secure protects your transactions by sending you a one-time 6-digit password by SMS.
The app also uses a QR code generator which makes contactless payments easier and safer.
How To Deposit Using Alipay
To fund your trading account using Alipay, look out for the blue API logo on your platform and follow the instructions to login. Your broker will redirect you to the Alipay payment gateway, where you can select your method and confirm the transfer.
Depending on your circumstances, there may be a daily, monthly, and yearly limit at Alipay, as well as a subsequent deposit or withdrawal limit set by your broker.
Fees
The firm doesn’t charge transaction fees except for large withdrawals over 20,000 RMB which will include a 0.1% fee. If you’ve loaded your foreign prepaid card with another currency, there may also be exchange rate fees.
Due to take rate merchant fees, your broker may also have their own pricing for deposits and withdrawals. You can usually find funding fees on the broker’s website or our reviews.
Is Alipay Good For Day Trading?
Alipay is a good option for traders based in China, or for foreigners with an appropriate visitor’s visa who are eligible for the Tour Pass. The method is also relatively secure and offers flexible account management via the app.
However, the accessibility of the payment method for those outside China and without a Chinese bank account is limited and therefore traders may need to look at other competitors, such as PayPal or WeChat Pay.
FAQ
How Does Alipay Work For Day Trading?
Alipay is a payment processor and is a part of the Alibaba Group. The company offers convenient third-party payment integration for business and e-wallet services for customers. Traders will need to create an account using the app, which comes in Chinese and English.
Once registered, you can load money into your account using a credit or debit card, before using it to make deposits into your live trading account.
Can You Use Alipay Like PayPal For Trading Deposits?
Alipay is similar to PayPal in that it provides an e-wallet service, meaning users can make domestic and international transfers as well as payments online. Traders will be able to use Alipay in the same way as PayPal for funding trading accounts.