Maestro Brokers 2025

Written By

Jemma Grist

Edited By

James Barra

Fact Checked By

William Berg

Updated

Jun 5, 2024

Maestro is a method of payment that e-merchants and sellers accept in exchange for goods or services, including trading brokers. This review will cover how Maestro works and its pros and cons for funding online trading accounts. We also unpack deposit and withdrawal speeds, transaction limits, plus what differentiates it from other popular payment solutions.

Use our list of the best brokers that accept Maestro deposits directly below to start trading.

Best Maestro Brokers

Our thorough tests have revealed the below 10 best brokers with Maestro payments:

Click a broker for details

1

Deriv

Go To Deriv
Deriv Review

Ratings

Regulation & Trust 3.5 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.8 / 5

Fees & Costs 3.3 / 5

Platforms & Tools 4.5 / 5

Customer Support 3.8 / 5

Research 2.5 / 5

Education 3.8 / 5

iOS App 4.2 / 5

Android App 4.5 / 5

Minimum Deposit $5

Minimum Trade 0.01 Lots

Leverage 1:1000

Regulator MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA

Instruments CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs

Platforms Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView

Payment Methods Neteller, 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 Payments, PIX Payment, Airtel, M-Pesa

Account Currencies USD, EUR, GBP

Go To Deriv
2

Interactive Investor

Go To Interactive Investor
Interactive Investor Review

Ratings

Regulation & Trust 4 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 4.4 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 3.8 / 5

Customer Support 2.5 / 5

Research 4.3 / 5

Education 3.5 / 5

iOS App 4.4 / 5

Android App 2.5 / 5

Minimum Deposit £0

Minimum Trade £25

Leverage

Regulator FCA

Instruments Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs

Platforms Own

Payment Methods Debit Card, Visa, Mastercard, Maestro, Wire Transfer, Cheque

Account Currencies GBP

Go To Interactive Investor
3

Quotex

Go To Quotex
Quotex Review

New Customer Bonus Offer 30% Deposit Bonus

Ratings

Regulation & Trust 1.8 / 5

Accounts & Banking 4 / 5

Assets & Markets 3.5 / 5

Fees & Costs 4.5 / 5

Platforms & Tools 3.3 / 5

Customer Support 1 / 5

Research 1.8 / 5

Education 1.8 / 5

iOS App 4.2 / 5

Android App 4.1 / 5

Minimum Deposit $10

Minimum Trade $1

Leverage

Regulator

Instruments Digital Options on Stocks, Indices, Forex, Commodities, Cryptos

Platforms Web Platform, Mobile App

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

Account Currencies USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH

Go To Quotex
4

FxPro

Go To FxPro
FxPro Review

Ratings

Regulation & Trust 4.4 / 5

Accounts & Banking 3.8 / 5

Assets & Markets 4 / 5

Fees & Costs 4 / 5

Platforms & Tools 4.3 / 5

Customer Support 4 / 5

Research 4 / 5

Education 4 / 5

iOS App 4.7 / 5

Android App 4.3 / 5

Minimum Deposit $100

Minimum Trade 0.01 Lots

Leverage 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)

Regulator FCA, CySEC, FSCA, SCB, FSA

Instruments CFDs, Forex, Stocks, Indices, Commodities, Futures

Platforms FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade

Payment Methods Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Maestro, Mastercard, Visa, Google Wallet, Bitcoin Payments, Ethereum Payments

Account Currencies USD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN

Go To FxPro
5

XTB

Go To XTB
XTB Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Ratings

Regulation & Trust 4.6 / 5

Accounts & Banking 4 / 5

Assets & Markets 4 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 4 / 5

Customer Support 4.3 / 5

Research 4.1 / 5

Education 3.8 / 5

iOS App 4.7 / 5

Android App 4.1 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:30 (EU) 1:500 (Global)

Regulator FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti

Instruments CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs

Platforms xStation

Payment Methods PayPal, Visa, Mastercard, Wire Transfer, Paysafecard, Skrill, Credit Card, Debit Card, Maestro, Neteller

Account Currencies USD, EUR, PLN

Go To XTB
6

CMTrading

Go To CMTrading
CMTrading Review

Ratings

Regulation & Trust 2.8 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.5 / 5

Fees & Costs 3 / 5

Platforms & Tools 3 / 5

Customer Support 3.3 / 5

Research 3.8 / 5

Education 4 / 5

iOS App 0.5 / 5

Android App 0 / 5

Minimum Deposit $299

Minimum Trade 0.01 Lots

Leverage 1:200

Regulator FSCA, FSA

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto

Platforms Webtrader, MT4, TradingCentral

Payment Methods Neteller, Skrill, Visa, Mastercard, Bitcoin Payments, Debit Card, Credit Card, Sticpay, Ethereum Payments, Perfect Money, Maestro

Account Currencies USD, EUR, ZAR

Go To CMTrading
7

City Index

Go To City Index
City Index Review

Ratings

Regulation & Trust 4.2 / 5

Accounts & Banking 3.8 / 5

Assets & Markets 4.5 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 4 / 5

Customer Support 4 / 5

Research 4.3 / 5

Education 4.3 / 5

iOS App 3.8 / 5

Android App 3.1 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.

Regulator FCA, ASIC, CySEC, MAS

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting

Platforms Web Trader, MT4, TradingView, TradingCentral

Payment Methods Wire Transfer, Mastercard, Credit Card, Debit Card, Visa, Maestro

Account Currencies USD, EUR, GBP, AUD, PLN, CZK

Go To City Index
8

FBS

Go To FBS
FBS Review

Ratings

Regulation & Trust 4.3 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.8 / 5

Fees & Costs 4 / 5

Platforms & Tools 3.5 / 5

Customer Support 3.8 / 5

Research 3.8 / 5

Education 3.5 / 5

iOS App 4.6 / 5

Android App 4.9 / 5

Minimum Deposit $5

Minimum Trade 0.01 Lots

Leverage 1:30 (EU & Restricted Countries), 1:3000 (Global)

Regulator ASIC, CySEC, FSC

Instruments CFDs, Forex, Indices, Shares, Commodities

Platforms FBS App, MT4, MT5

Payment Methods Visa, Neteller, Skrill, Wire Transfer, Rapid Transfer, Mastercard, Credit Card, AstroPay, Maestro, Debit Card, Doku Wallet, FasaPay, Perfect Money, Sticpay, M-Pesa, JCB Card, Bitwallet, PIX Payment

Account Currencies USD, EUR

Go To FBS
9

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
10

Axi

Go To Axi
Axi Review

72.4% of retail investor accounts lose money when trading CFDs with this provider

Ratings

Regulation & Trust 3.8 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 3 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 3.5 / 5

Customer Support 3.8 / 5

Research 3.5 / 5

Education 3.8 / 5

iOS App 3.6 / 5

Android App 4.2 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:500

Regulator FCA, ASIC, FMA, DFSA, SVGFSA

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto

Platforms Axi Copy Trading, MT4, AutoChartist

Payment Methods Neteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay, Airtel

Account Currencies USD, EUR, GBP, CHF, PLN

Go To Axi

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.
Interactive Investor - Interactive Investor are a hugely respected, FCA-regulated investing firm. The trading platform is easy-to-use while the sign-up and deposit process is straightforward for new investors. ii also has a long track record and a string of industry awards under its belt.
Quotex - Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.
FxPro - Established in 2006, FxPro has emerged as a trusted non-dealing desk (NDD) broker offering trading on over 2,100 markets to more than 2 million clients worldwide. It has scooped over 100 industry awards and counting for its competitive conditions for active traders.
XTB - Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 6400+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.
CMTrading - Established in 2012, CMTrading has emerged into a popular broker with active traders, particularly in South Africa. Sporting four account options (Basic, Trader, Gold, Premium) and the popular MT4 platform alongside the broker’s own Webtrader, it provides a compelling trading environment for short-term traders.
City Index - Established in 1983 and now a part of the Nasdaq-listed StoneX Group, City Index is a renowned and award-winning broker specializing in forex, CFDs, and spread betting. Offering over 13,500 instruments, an evolving Web Trader platform, top-tier educational resources, and 24/5 customer support, City Index delivers a comprehensive trading experience.
FBS - Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
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.
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.

Maestro Brokers Comparison

Maestro Brokers Comparison
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
£0	Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs	Own	-
$10	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Web Platform, Mobile App	-
$100	CFDs, Forex, Stocks, Indices, Commodities, Futures	FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade	1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
$0	CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs	xStation	1:30 (EU) 1:500 (Global)
$299	CFDs, Forex, Stocks, Indices, Commodities, Crypto	Webtrader, MT4, TradingCentral	1:200
$0	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting	Web Trader, 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.
$5	CFDs, Forex, Indices, Shares, Commodities	FBS App, MT4, MT5	1:30 (EU & Restricted Countries), 1:3000 (Global)
$50	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos	Web, MT4, MT5	-
$0	CFDs, Forex, Stocks, Indices, Commodities, Crypto	Axi Copy Trading, MT4, AutoChartist	1:500

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

After integrating TradingView and adding MT5 web trader, Deriv now offers a first-class selection of charting tools across desktop, web and mobile devices.
Although response times trail alternatives in our personal experience, Deriv offers 24/7 support and is one of the few brokers to offer WhatsApp assistance.
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.

Cons

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.
Apart from the MFSA in the EU, Deriv lacks top-tier regulatory credentials, reducing the level of safeguards like access to investor compensation.
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.

Visit Deriv

Deriv Review

Interactive Investor

"Interactive Investor is an excellent pick for UK traders interested in longer-term investing products like ISAs and SIPP accounts. The low fixed fees for large portfolios and 40,000+ stocks will also appeal to traders with a decent bankroll."
Tobias Robinson, Reviewer

Interactive Investor Quick Facts

Demo Account	No
Instruments	Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs
Regulator	FCA
Platforms	Own
Minimum Deposit	£0
Minimum Trade	£25
Account Currencies	GBP

Pros

Multiple payment methods including bank cards
Managed ISA introduced in 2024 streamlining investment decisions
40,000+ stocks and shares

Cons

No free demo account
No copy trading tools

Visit Interactive Investor

Interactive Investor Review

Quotex

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."
Jemma Grist, Reviewer

Quotex Quick Facts

Bonus Offer	30% Deposit Bonus
Demo Account	Yes
Instruments	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
Platforms	Web Platform, Mobile App
Minimum Deposit	$10
Minimum Trade	$1
Account Currencies	USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH

Pros

The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners
Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal
The platform continues to delivers a superb trading environment with strong charting tools for technical traders

Cons

Customer support has been weak during tests with no live chat and slow response times
Quotex is unregulated, which means traders may receive limited safeguards
There is no copy trading, which could support new traders looking to learn from experienced investors

Visit Quotex

Quotex Review

FxPro

"FxPro is a stellar option for day traders, sporting exceptionally fast execution speeds under 12ms, competitive fees that were lowered in 2022, and terrific charting platforms in MT4, MT5, cTrader and FxPro Edge."
Christian Harris, Reviewer

FxPro Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Futures
Regulator	FCA, CySEC, FSCA, SCB, FSA
Platforms	FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
Account Currencies	USD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN

Pros

FxPro operates under a 'No Dealing Desk' (NDD) model, ensuring fast and transparent order execution, often under 12 milliseconds, ideal for short-term trading strategies.
FxPro's Wallet is a standout feature that allows traders to manage funds securely. By segregating unused funds from active trading accounts, the Wallet provides additional protection and convenience.
FxPro offers four reliable charting platforms, notably the intuitive FxPro Edge, with over 50 indicators, 7 chart types and 15 chart timeframes.

Cons

Despite a growing Knowledge Hub and a $10M funded demo account, FxPro is geared towards advanced traders, with beginners potentially finding the account and fee structure complex.
While FxPro provides 24/5 customer support through multiple channels that performed well during testing, it lacks 24/7 availability, which can disadvantage traders needing assistance outside traditional market hours.
There are no passive investment tools like copy trading or interest paid on cash. While active traders may not miss these, competitors like eToro catering to active and passive investors have more comprehensive offerings.

Visit FxPro

FxPro Review

XTB

"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "
Christian Harris, Reviewer

XTB Quick Facts

Demo Account	Yes
Instruments	CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
Regulator	FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti
Platforms	xStation
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:30 (EU) 1:500 (Global)
Account Currencies	USD, EUR, PLN

Pros

First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.

Cons

The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.
Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.

Visit XTB

XTB Review

CMTrading

"CMTrading is well suited to traders in South Africa looking for highly leveraged trading opportunities on global financial markets through a user-friendly, web-accessible platform, with signals from reputable providers to help inform short-term trading decisions."
Christian Harris, Reviewer

CMTrading Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Regulator	FSCA, FSA
Platforms	Webtrader, MT4, TradingCentral
Minimum Deposit	$299
Minimum Trade	0.01 Lots
Leverage	1:200
Account Currencies	USD, EUR, ZAR

Pros

Multiple account options, including Basic, Trader, Gold, and Premium, cater to short-term traders with different needs and budgets. These accounts provide tighter spreads, trading signals, and discounts for higher-tier users.
The CMTrading Academy has come a long way, offering a wealth of materials for traders at all levels. Video courses, webinars, and market analysis updates can help users deepen their knowledge.
CMTrading operates under the oversight of the FSCA in South Africa, providing degree of operational security and accountability, ensuring the platform follows industry standards.

Cons

CMTrading's customer support is unavailable around the clock, which proved inconvenient during testing for traders in different time zones or those who encounter issues during non-business hours.
While CMTrading offers a variety of assets, the overall selection is still significantly narrower than that of category leading brokers like BlackBull. The focus is primarily on forex, commodities, a few indices, and crypto.
Spreads are higher than those offered by some competing brokers like IC Markets based on evaluations. This could increase trading costs, particularly for high-volume day traders.

Visit CMTrading

CMTrading Review

City Index

"City Index is a great match for active traders, with ultra-fast execution speeds averaging 20ms, a highly customizable web platform featuring 90+ technical indicators, and some of the best education we’ve seen."
Christian Harris, Reviewer

City Index Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting
Regulator	FCA, ASIC, CySEC, MAS
Platforms	Web Trader, MT4, TradingView, TradingCentral
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.
Account Currencies	USD, EUR, GBP, AUD, PLN, CZK

Pros

City Index has made strides to enhance the trading experience, notably through its Performance Analytics in 2024 for insights into trades and discipline, plus an upgraded mobile app featuring in-built market research and news at a swipe.
City Index is regulated by top-tier authorities like the FCA (UK), ASIC (Australia), and MAS (Singapore), while its ownership by StoneX Group Inc., a listed company, further reinforces its credibility.
City Index boasts 13,500+ markets spanning forex, indices, shares, commodities, bonds, ETFs, and interest rates, with the platform's inclusion of niche markets like interest rates offering unique trading avenues not always found elsewhere.

Cons

City Index lacks an Islamic account with swap-free trading conditions, making the broker less appealing to Muslim traders compared to providers like Eightcap and Pepperstone.
While many brokers like eToro have expanded their crypto offerings, City Index only provides crypto CFDs, and the limited range may not satisfy traders looking for a broader selection of altcoins.
Unlike brokers such as AvaTrade and BlackBull, City Index does not provide passive investment opportunities like social copy trading, or real stock or ETF ownership, making it less appealing for hands-off trading.

Visit City Index

City Index Review

FBS

"FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4, MT5 and highly leveraged trading opportunities up to 1:3000 for experienced traders."
Christian Harris, Reviewer

FBS Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Indices, Shares, Commodities
Regulator	ASIC, CySEC, FSC
Platforms	FBS App, MT4, MT5
Minimum Deposit	$5
Minimum Trade	0.01 Lots
Leverage	1:30 (EU & Restricted Countries), 1:3000 (Global)
Account Currencies	USD, EUR

Pros

24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, high leverage options, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.

Cons

Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
Investor protection is only available for clients within the EU, meaning global traders may not be protected if their account goes negative, significantly increasing the risk to your funds.
There are only two base currencies available - EUR and USD - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.

Visit FBS

FBS Review

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
Extremely fast and smooth sign-up process that takes less than 2 minutes

Cons

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
Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders

Visit Pocket Option

Pocket Option Review

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."
Christian Harris, Reviewer

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

Advanced traders can now sign up for the Axi Select funded trader program through the broker’s offshore entity, providing funding up to $1 million with a 90% profit share.
The growing educational resources in the Axi Academy, including free eBooks, video tutorials and notably interactive quizzes, are excellent for supporting beginner traders.
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.

Cons

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.
Despite performing well whenever we use it, Axi's support is unavailable 24/7, which can be inconvenient for traders in different time zones or those needing assistance outside standard trading hours.
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.

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How Did We Choose The Best Maestro Brokers?

To list the top Maestro brokers, we:

Scanned our database of 500 online brokers and shortlisted all those that offer Maestro payments
Ensured they accept Maestro deposits and withdrawals for online trading
Ranked them by their overall score, combining 100+ data with our extensive observations

About Maestro

The financial services company Mastercard introduced Maestro debit cards and prepaid cards in 1991. The debit cards are connected to a customer’s account, be it current, savings, or other, while a prepaid card isn’t connected to any account. They were introduced primarily to facilitate low-cost, cross-border payments.

The brand is accepted at around 15,000,000 point of sales outlets in 93 countries, including the USA, Canada, and Hong Kong, but it is particularly popular in Europe. Other countries, like China and the UK, replaced Maestro debit cards with Mastercard and Visa debit cards, and no longer issue Maestro.

Despite this, there is still a long list of brokers that accept Maestro cards spanning most major trading jurisdictions. And due to fast payment processing and transparency in terms of traders only being able to spend the funds in their account, Maestro brokers are popular with retail investors.

Deposit & Withdrawal Speed

Most Maestro brokers, such as XTB, eToro and XM, offer instant deposits. However, some trading platforms require a copy of personal identity documents before processing payments, which can cause delays. Additionally, some banks have extra security precautions which can mean funds won’t appear in trading accounts for several hours.

Withdrawal times often take longer as many Maestro brokers have to satisfy KYC checks and validate profits before releasing funds. With that said, timelines do not differ between card transactions, whether it be Visa debit, Mastercard credit, or Maestro debit/pre-paid cards. Most brokers that accept Maestro process withdrawals within 1-5 business days.

Payment Fees

There are not normally additional fees when using the solution to make deposits to trading accounts, which is an advantage over other payment methods, such as wire transfers and cryptos. Both eToro and XM, for example, offer fee-free deposits and withdrawals via Maestro.

With that said, some brokers that accept Maestro may charge a small commission, alongside a currency conversion fee. Currency conversion fees are often fixed, and proportionate to the volume of the profit you are withdrawing.

Safety

The company is a trusted and regulated payment service in all countries and cities where it operates. The brand is owned by Mastercard, which provides end-to-end encryption on all transactions. This means your personal details are protected.

The best way to ensure any sensitive information is safe is also to trade with regulated Maestro brokers. Some of the top financial regulators include the Cyprus Securities & Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Australian Securities & Investments Commission (ASIC).

Advantages Of Maestro Deposits For Traders

There is a long list of countries and brokers that accept Maestro payments.
Transactions are fast, so you can make deposits instantly and begin trading.
Traders can only use funds in their account, reducing the risk of overtrading which can happen if you use a credit card.
Maestro is used globally, so supports a range of currencies, including USD, EUR, GBP and JPY. This also means less chance of paying currency conversion fees if your broker accepts a corresponding base currency.
Mastercard issues Maestro cards, providing traders with peace of mind that the company is reputable, regulated and trustworthy.

Disadvantages Of Maestro Deposits For Traders

Maestro is being replaced by Mastercard debit in some jurisdictions, which means less availability in the long term.
The payment solution is being replaced because its servers cannot handle huge influxes of online transactions, which may impact the efficiency and reliability of the service for traders.
Some banks that offer Maestro cards enforce relatively low transfer limits on accounts which may impact high-volume traders.

How To Deposit Using Maestro

Choose a broker: Ensure the broker accepts clients from your region, be it the US or Australia, and has a range of underlying assets that you can trade, from stocks, ETFs and options to forex and cryptocurrencies. Additionally, the best Maestro brokers will have 24/7 or 24/5 support in case of any issues with deposits and withdrawals.
Deposit: Before making a deposit, ensure you are aware of any minimum transfer limits. For example, XTB‘s minimum deposit is $0, while FxPro requires $100. Next, log in and navigate their website or platform interface to the deposit area and select the Maestro payment option. You will need to enter your card details, including the long card number, zip or CVC code, and expiry date.
Withdrawals: Most brokers that accept Maestro withdrawals will need several days to process the payment. Some trading platforms will also only let you withdraw using the method you used to fund your account. Select Maestro in the cashier or similar portal and follow the on-screen instructions. Contact the customer service team if you have been waiting longer than expected.

Is Maestro Good For Day Trading?

Maestro cards are recognized worldwide, including by many of the top online brokers and trading platforms. Traders benefit from near-instant deposits, fee-free account funding, plus robust security measures. The only major drawback is that Maestro cards are being replaced by Mastercard in some locations.

Use our list of the top brokers that accept Maestro deposits and withdrawals to start trading.

FAQ

Is Maestro The Best Way To Make Trading Deposits?

Maestro is a popular way to fund online trading accounts. Investors simply need to enter their card details at supporting brokers and funds should appear within a couple of hours. Withdrawals can take longer but are usually free of charge and secure.

How Can I Be Safe When Using Maestro Whilst Trading?

Maestro uses heavily regulated online servers for carrying out transactions and offers end-to-end encryption within its payment portals. Additionally, make sure you use a secure password to access your account. It’s also worth signing up with trusted Maestro brokers that offer two-factor authentication at the login stage.

Should I Get A Maestro Card For Trading?

Although making payments with Maestro means instant deposits and secure transactions globally, it is being discontinued in some jurisdictions. With that in mind, traders may prefer to use Visa or Mastercard. Alternatively, e-wallets like PayPal and Neteller are supported by many of the top trading brokers.

What Are The Best Brokers That Accept Maestro Deposits?

There are many top-rated trading brokers that accept Maestro. Among the best trading platforms are eToro, XTB, and XM. See our full list of leading Maestro brokers to compare different brands.