Diners Club Brokers 2024
Diners Club is a charge card and online payment system that has been in business for 70+ years and is favored by some traders for its speed, security and reward point incentives. Our team has tested platforms that accept this payment method to compile our list of the best Diners Club brokers.
Best Diners Club Brokers
Based on our analysis, these are the 1 top brokers that accept Diners Club deposits:
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1
Deriv
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50.01 Lots1:1000MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSACFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFsDeriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingViewNeteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash, Przelewy24, Bitcoin PaymentsUSD, EUR, GBP
This is why we think these brokers are the best in this category:
- Deriv - Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities.
Diners Club Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
|
|
$5 | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView | 1:1000 |
Deriv
"Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours."
Christian Harris, Reviewer
Deriv Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs |
| Regulator | MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA |
| Platforms | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView |
| Minimum Deposit | $5 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP |
Pros
- Account funding is a breeze with a very low minimum deposit of $5 and a huge selection of payment options, plus Tether was added to the cashier in 2023.
- Deriv stands out with its innovative products, from multipliers and derived indices to its addition of accumulator options, providing exclusive short-term trading opportunities.
- After integrating TradingView and adding MT5 web trader, Deriv now offers a first-class selection of charting tools across desktop, web and mobile devices.
Cons
- Apart from the MFSA in the EU, Deriv lacks top-tier regulatory credentials, reducing the level of safeguards like access to investor compensation.
- While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders.
- Although there’s a basic blog, there's little in terms of technical analysis or market reports which could help active traders identify potential opportunities.
How Did We Choose The Best Diners Club Brokers?
- We checked the broker accepts Diners Club deposits.
- We verified the minimum deposit was accessible (below <$500).
- We investigated whether depositing to a trading account using Diners Club is straightforward.
- We confirmed the platform and/or app is suitable for trading using hands-on tests where possible.
- We looked at whether the broker is regulated and assigned it a trust rating.
- We evaluated the fees you can expect to make day trading.
- We contacted customer support to check they are able to assist with queries about Diners Club deposits and withdrawals.
What Is Diners Club?
Diners Club is a direct banking and online payment services gateway.
The company was founded in 1950 by Frank McNamara and, at its inception, it was the world’s first multipurpose charge card.
Fast forward a few decades and Diners Club International celebrated its 70th birthday in 2020. Today, it is owned by Discover Financial Services (DFS) and is accepted across 200 countries, connecting over 50 million merchants.
While Diners Club still issues new cards to corporate customers, it has been closed to applications from consumers for some time. It does however still serve existing consumer cardholders.
How To Deposit To A Trading Account Using Diners Club
Diners Club payments work in a similar way to standard card payments when funding trading accounts:
- Navigate to your Diners Club broker’s deposit page
- Enter the amount you want to deposit
- Select the debit/credit card payment option
- Fill in the form with relevant personal information
- Confirm the transaction
While deposits should be processed almost instantly in most cases, withdrawals may take several days for the broker to finalize. This is because brokers often have to perform checks before releasing funds.
Pros & Cons Of Funding Your Trading Account With Diners Club
Pros
- Robust security with encrypted chipcards makes it difficult to forge
- Knowledgeable customer service team with local support numbers (call +44 1244 47091 for the international number)
- Competitive rates and strong benefits, including 2-for-1 offers, government travel cards, airport lounge access, flight and hotel booking and more
Cons
- The company is no longer issuing new consumer cards
- Diners Club credit cards are not available to UK customers and traders
- Only a select few brokers accept Diners Club deposits while alternatives like Visa and Mastercard are more widely available
- Diners Club is first and foremost positioned around its rewards catalogue
Is Diners Club Good For Day Trading?
Diners Club has some important benefits for day traders who travel a lot, but it has one very significant drawback – it’s no longer accepting new customers.
If you do already have a Diners Club card, it could be worth using because the points you earn while trading will reflect back to you in the form of air miles, car rentals, hotels and other travel perks. These are important benefits for an established and secure payment method.
Use our list of the best Diners Club brokers to make a deposit and start trading.
FAQ
Can I Use Diners Club For Online Trading?
Diners Club can be used to fund trading accounts with supporting brokers and it is a fast and secure payment service.
We have listed our top brokers that accept Diners Club and encourage traders to check these out if they use this deposit method.
Is Diners Club A Good Deposit Method For Day Traders?
If you have a Diners Club card and travel frequently, then we see this as a good payment method for day traders. You will earn points while filling your trading account, and these can be used to buy air miles or pay for hotels and car rentals.