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Paybis Brokers 2024

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Jemma Grist
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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.
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James Barra
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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.
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William Berg
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Updated
Jun 28, 2024

Paybis is a popular cryptocurrency payment solution and exchange platform based in the UK. The company supports 10 major digital currencies for a range of private and institutional services. This review of the Paybis platform will detail how it works, outline its fees and partnerships and highlight the pros and cons of using it. We also list the best brokers that accept Paybis deposits.

Best Paybis Brokers

Our evaluations have found that these are the best 10 brokers that support Paybis payments:

Click a broker for details
  1. 1
    FOREX.com
    Active Trader Program With A 15% Reduction In Costs
    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5
    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
    Go To FOREX.com
  2. 2
    NinjaTrader
    Ratings
    4.3 / 5
    2.8 / 5
    2.9 / 5
    4.3 / 5
    4.5 / 5
    4 / 5
    4 / 5
    4 / 5
    3 / 5
    3.2 / 5
    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Options, Commodities, Futures, Crypto
    NinjaTrader Desktop, Web & Mobile, eSignal
    ACH Transfer, Debit Card, Wire Transfer, Cheque
    USD
    Go To NinjaTrader
  3. 3
    Interactive Brokers
    Ratings
    4.5 / 5
    3.5 / 5
    4.6 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
    Go To Interactive Brokers
  4. 4
    eToro USA
    Invest $100 and get $10
    Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk. https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
    Ratings
    4.3 / 5
    3 / 5
    3.9 / 5
    3.4 / 5
    4 / 5
    3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5
    $100
    $10
    SEC, FINRA
    Stocks, Options, ETFs, Crypto
    eToro Trading Platform & CopyTrader
    ACH Transfer, Debit Card, PayPal, Wire Transfer
    USD
    Go To eToro USA
  5. 5
    Pocket Option
    50% Deposit Bonus
    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5
    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel
    USD
    Go To Pocket Option
  6. 6
    IQCent
    20% to 200% Deposit Bonus
    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5
    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
    Go To IQCent
  7. 7
    RedMars
    Ratings
    3.3 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3 / 5
    4.7 / 5
    4.6 / 5
    €250
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    CySEC, AFM
    CFDs, Forex, Stocks, Indices, Commodities, Cryptos
    MT5
    Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa
    USD, EUR
    Go To RedMars
  8. 8
    OANDA US
    CFDs are not available to residents in the United States.
    Ratings
    4.5 / 5
    3.5 / 5
    2.8 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.3 / 5
    3.8 / 5
    4.7 / 5
    3.7 / 5
    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
    OANDA Trade, MT4, TradingView, AutoChartist
    Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
    Go To OANDA US
  9. 9
    Plus500 US
    Welcome Deposit Bonus up to $200
    Trading with leverage involves risk.
    Ratings
    3.5 / 5
    3.7 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3.5 / 5
    2.8 / 5
    3.5 / 5
    4.1 / 5
    4.3 / 5
    $100
    0.0 Lots
    CFTC, NFA
    Futures on Forex, Commodities, Cryptos, Indices, Interest Rates
    WebTrader, App
    ACH Transfer, Wire Transfer, Debit Card, Mastercard, Visa
    USD
    Go To Plus500 US
  10. 10
    Moomoo
    Get up to 15 free stocks worth up to $2000
    Ratings
    4.7 / 5
    3.3 / 5
    3 / 5
    3.8 / 5
    3 / 5
    2.8 / 5
    3.8 / 5
    4.4 / 5
    4.6 / 5
    3.3 / 5
    $0
    $0
    1:2
    SEC, FINRA, MAS, ASIC, SFC
    Stocks, Options, ETFs, ADRs, OTCs
    Desktop Platform, Mobile App
    Wire Transfer, ACH Transfer
    USD, HKD, SGD
    Go To Moomoo

This is why we think these brokers are the best in this category:

  1. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
  2. NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
  3. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
  4. eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
  5. 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.
  6. IQCent - IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.
  7. RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
  8. OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
  9. Plus500 US - Plus500 is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.
  10. Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.

Paybis Brokers Comparison

Paybis Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage
FOREX.com logo
$100 Forex, Stocks, Futures, Futures Options MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:50
NinjaTrader logo
$0 Forex, Stocks, Options, Commodities, Futures, Crypto NinjaTrader Desktop, Web & Mobile, eSignal 1:50
Interactive Brokers logo
$0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral 1:50
eToro USA logo
$100 Stocks, Options, ETFs, Crypto eToro Trading Platform & CopyTrader -
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 -
IQCent logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto Online Platform, TradingView 1:500
RedMars logo
€250 CFDs, Forex, Stocks, Indices, Commodities, Cryptos MT5 1:30 (Retail), 1:500 (Pro)
OANDA US logo
$0 Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) OANDA Trade, MT4, TradingView, AutoChartist 1:50
Plus500 US logo
$100 Futures on Forex, Commodities, Cryptos, Indices, Interest Rates WebTrader, App -
Moomoo logo
$0 Stocks, Options, ETFs, ADRs, OTCs Desktop Platform, Mobile App 1:2

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferActive Trader Program With A 15% Reduction In Costs
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
  • FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.

Cons

  • FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
Visit FOREX.com
FOREX.com Review

NinjaTrader

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."

Tobias Robinson, Reviewer

NinjaTrader Quick Facts

Demo AccountYes
InstrumentsForex, Stocks, Options, Commodities, Futures, Crypto
RegulatorNFA, CFTC
PlatformsNinjaTrader Desktop, Web & Mobile, eSignal
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD

Pros

  • You can get thousands of add-ons and applications from developers in 150+ countries
  • NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
  • Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract

Cons

  • Non forex and futures trading requires signing up with partner brokers
  • The premium platform tools come with an extra charge
  • There is a withdrawal fee on some funding methods
Visit NinjaTrader
NinjaTrader Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
RegulatorFCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit$0
Minimum Trade$100
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.
  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.

Cons

  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
Visit Interactive Brokers
Interactive Brokers Review

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."

Jemma Grist, Reviewer

eToro USA Quick Facts

Bonus OfferInvest $100 and get $10
Demo AccountYes
InstrumentsStocks, Options, ETFs, Crypto
RegulatorSEC, FINRA
PlatformseToro Trading Platform & CopyTrader
Minimum Deposit$100
Minimum Trade$10
Account CurrenciesUSD

Pros

  • The low minimum deposit and straightforward account opening process means beginners can get started quickly
  • eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
  • A free demo account means new users and prospective day traders can try the broker risk-free

Cons

  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
  • Average fees may cut into the profit margins of day traders
Visit eToro USA
eToro USA 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 Offer50% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
RegulatorMISA
PlatformsWeb, MT4, MT5
Minimum Deposit$50
Minimum Trade$1
Account CurrenciesUSD

Pros

  • Extremely fast and smooth sign-up process that takes less than 2 minutes
  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • 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
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
Visit Pocket Option
Pocket Option Review

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
RegulatorIFMRRC
PlatformsOnline Platform, TradingView
Minimum Deposit$250
Minimum Trade$0.01
Leverage1:500
Account CurrenciesUSD, EUR

Pros

  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD
  • The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies

Cons

  • There's no automated trading support for algo traders
  • The broker is not overseen by a respected regulator, though this is common among binary options firms
  • The market analysis is very basic with limited technical summaries and insights from analysts
Visit IQCent
IQCent Review

RedMars

"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."

Christian Harris, Reviewer

RedMars Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Cryptos
RegulatorCySEC, AFM
PlatformsMT5
Minimum Deposit€250
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, EUR

Pros

  • RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
  • The broker is one of a limited number of firms to offer an account specially designed for VIPs with premium support and invites to exclusive events
  • The broker supports a range of flexible payment methods, including wire transfers, credit cards, e-wallets, and notably cryptocurrencies

Cons

  • While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
  • With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
  • The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
Visit RedMars
RedMars Review

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

Jemma Grist, Reviewer

OANDA US Quick Facts

Demo AccountYes
InstrumentsForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
RegulatorNFA, CFTC
PlatformsOANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView
  • The broker offers a transparent pricing structure with no hidden charges
  • Beginners can get started easily with $0 minimum initial deposit

Cons

  • The range of day trading markets is limited to forex and cryptos only
  • It's a shame that customer support is not available on weekends
  • There's only a small range of payment methods available, with no e-wallets supported
Visit OANDA US
OANDA US Review

Plus500 US

"Plus500 US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills."

Michael MacKenzie, Reviewer

Plus500 US Quick Facts

Bonus OfferWelcome Deposit Bonus up to $200
Demo AccountYes
InstrumentsFutures on Forex, Commodities, Cryptos, Indices, Interest Rates
RegulatorCFTC, NFA
PlatformsWebTrader, App
Minimum Deposit$100
Minimum Trade0.0 Lots
Account CurrenciesUSD

Pros

  • The Futures Academy is an excellent resource for new traders with engaging videos and easy-to-follow articles, while the unlimited demo account is great for testing strategies
  • Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls, instilling a sense of trust
  • Plus500 US excels for its low fees with very competitive day trading margins and no inactivity fees, live data fees, routing fees, or platform fees

Cons

  • While Plus500 US continues to broaden its investment offering, it's currently restricted to around 50+ futures with no stocks
  • Although support response times were fast during tests, there is no telephone assistance
  • Plus500 US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders
Visit Plus500 US
Plus500 US Review

Moomoo

"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."

Jemma Grist, Reviewer

Moomoo Quick Facts

Bonus OfferGet up to 15 free stocks worth up to $2000
Demo AccountYes
InstrumentsStocks, Options, ETFs, ADRs, OTCs
RegulatorSEC, FINRA, MAS, ASIC, SFC
PlatformsDesktop Platform, Mobile App
Minimum Deposit$0
Minimum Trade$0
Leverage1:2
Account CurrenciesUSD, HKD, SGD

Pros

  • There are reduced options contract fees from $0.65 to $0
  • Moomoo's analytics and insights are impressive and detailed compared to other brands
  • Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients

Cons

  • There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
  • There is no phone or live chat support - common options at most other brokers
  • It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
Visit Moomoo
Moomoo Review

How Did We Choose The Best Paybis Brokers?

To find the top Paybis brokers, we:

  • Searched our database of 500 brokers and online platforms, prioritizing all those that support Paybis payments
  • Ensured that they accept Paybis deposits and withdrawals for online trading
  • Sorted them by their overall rating, based on 100+ data points and findings from our in-depth tests

What Is Paybis?

Paybis is a cryptocurrency payment solution where you can buy a range of tokens. The broker currently supports 10 major cryptos:

The exchange offers two services: private (for buying and selling cryptos) and business (for liquidity services). Paybis provides liquidity for banks, FinTech companies, payment processors, the gaming industry and more.Paybis bnb to gbp usd ethereum price prediction

Paybis can accept or send crypto on the user’s behalf via simple API integration. The exchange also completes transactions in less than a minute. All of this has become possible due to Paybis partnering with Simplex, an Israeli payment processor that provides fiat infrastructure to the crypto industry.

Paybis also holds other key partnerships with crypto exchange Kraken and BlueOrange bank. In November 2020, The exchange’s partnership with FinTech company Money Service Business Zero Hash allowed it to offer its service across 48 states in the US.

The corporate entity behind the exchange, Paybis Limited (Ltd.), was founded in Glasgow, Scotland in 2014. Over the last 7 years, the company has developed into a highly reputable platform, acquiring operating licenses in the UK, the US and the EU. To date, Paybis Limited has customers from 180 countries.

Fees

Paybis boasts competitive trading charges and commissions, with no network, deposit or withdrawal fees.

Customers are not charged for their first transaction or sale of BTC, regardless of the payment method. Any subsequent payments may incur charges, though these vary with the method used.

Paybis crypto purchases are charged 0.99% from wire transfers and 3.99% from payment cards. There is also a $10 local currency minimum processing fee on transactions up to $225 for payment cards.

As part of the launch of new payment options, Paybis reduced its fee for cryptocurrency purchases via bank transfer from 2.99% to 0.99% as well as increasing its spending limits. Credit/debit card purchases are at 3.99%. Greater purchases are charged 4.5% for EUR, GBP and USD or 6.5% for other currencies.

Speed

Signing up to trade on Paybis is very quick and straightforward. Customers can use their Facebook or Google accounts to sign up securely. The average trader’s ID verification time is about 5 minutes.

Not only is registration with Paybis quick and easy, but so is the purchase of cryptocurrencies. Deposits are processed almost instantly when using credit or debit cards. Bank transfers can take a little longer, usually between 1-5 days. Withdrawal times can vary.

Security & Regulation

Paybis is a reputable and secure method with its robust security. Its non-custodial model encourages its users to use secure, private wallets which can be inconvenient but is best practice for security for traders. Your digital assets are going to be safer in your own wallet than on the exchange.

Paybis is considered a reputable exchange. As well as having operated for 7 years, Paybis Ltd is regulated by the UK’s Financial Conduct Authority (FCA). The company is also registered with the US’s Financial Crimes Enforcement Network (FinCEN).

Payment Methods

Paybis allows its users to choose from a variety of deposit methods, including credit cards, bank transfers, or supported electronic wallets. This is good news for traders, especially beginners. Other payment methods include Neteller and Skrill.

Unlike some of its competitors, including Binance, Paybis allows traders to purchase some crypto coins using fiat money, depending on the pairs available. This feature further legitimises the exchange, distancing it from claims of being a scam.

You need to fund your account before you can buy cryptocurrency. Go to the ‘Exchange’ page, choose your payment method, the fiat currency that you’re paying with and how much crypto you wish to buy. Click ‘Buy’, add your wallet address and complete the transaction.

Paybis also offers a prepaid gift card to Bitcoin option, supporting gift cards from US vendors including Amazon and Walmart. In September 2021 Paybis announced that it was launching Apple Pay, allowing traders to buy their cryptocurrencies in one click from their iPhone, iPad, or MacBook.

Paybis also offers an easy conversion calculator to work out how much a certain quantity of crypto costs. There are calculators for all cryptos, including a TRON calculator, provided on the Paybis website.paybis rates and fees review

Wallets

Currently, Paybis does not have an in-built wallet, meaning it does not store your cryptos in hot or cold wallets. However, the lack of a wallet adds to the exchange’s overall security, reducing its risk of being hacked.

If you want to buy digital assets using Paybis, you need to get a wallet that is compatible with the digital currency you want to buy such as a Bitcoin wallet.

In positive news, Paybis supports all types of wallets, including online wallets such as the Trust Wallet app or MetaMask extension, and desktop and external (hardware) wallets such as Trezor or Ledger.

Payment Limits

Paybis assigns transaction limits dependent on the trader’s payment method of choice. The minimum amount is $50 worth of cryptos for all payment methods ($60 for credit/debit cards). Paybis’ maximum transaction limits apply on a range of timelines. These include a daily Bitcoin limit of $20,000 and $50,000 a month for Visa and Mastercard. Skrill and Neteller have weekly limits of $50,000 and $200,000 respectively. Bank transfer limits are $200,000 weekly and $500,000 monthly.

Pros Of Using Paybis For Traders

Paybis is highly ranked on Trustpilot with millions of its customers recommending it for its security, user-friendliness and ease of access to buying crypto with 47 supported fiat currencies.

User Friendly

Users can create a free account by signing up with an email address and password. As part of registration, you will also need to agree to Paybis’ terms and conditions and complete an ID verification process. Paybis’ KYC verification allows you to choose from several types of ID, including your passport or driving license. The time it takes to complete is about 5-10 minutes.

Paybis offers educational videos and tutorials on its YouTube channel. There is also a Paybis blog, news page and support portal that provides information on a variety of topics.

Accepted Countries & States

Paybis supports up to 48 fiat currencies around the world, including USD, EUR, GBP and JPY.
Paybis is available in 180 countries and accessible in 9 languages.

Paybis’ supported countries include Canada, Hong Kong, India, Japan, Latvia, Malaysia, Mexico, New Zealand, Nigeria, Singapore, South Africa and the UAE.

In the USA, Paybis is available in 48 supported states, excluding New York and Hawaii.

Security

As well as being regulated by the FCA, Paybis has operating licenses in the US and the EU. This offers important buyer protection. Paybis enforces quite strict KYC requirements meaning with no ID verification, you cannot buy and sell cryptos on Paybis. Its non-custodial model means it does not store your cryptocurrency on its platform.

Customer Support

Should you run into any issues, Paybis has 24/7 customer support available via its live chat. Support can also be found via email: support@paybis.com.

Its support portal can address issues and questions on how to cancel a transaction and get a refund, how to delete your account, if there is a payment error, a payment has failed, the broker status is stuck on checking your info, an error in processing your card or a payment under review or if your account is suspended. The news section of its website provides updates when elements of the platform are not working.

Paybis is also present across various social media platforms including Facebook, Twitter and LinkedIn (which states it is registered in Edinburgh). Despite there not being a contact phone number, the company’s customer support has received high praise from its users.Is paybis a real good site

Cons Of Using Paybis For Traders

Currently, Paybis only supports the purchase of 10 cryptocurrencies and you can only sell Bitcoin. This is very small compared to Paybis alternatives like Coinbase, eToro and Kraken, which offer at least 50 coins.

As it is not regulated by the US Securities and Exchange Commission (SEC), Paybis.com is not available to all US traders. Clients based in New York and Hawaii cannot use the Paybis exchange and some restrictions also apply to Texas residents.

Is Paybis Good For Day Trading?

Paybis’ fast and streamlined service makes it an increasingly popular exchange to buy and sell cryptocurrencies. The payment system is partnered with a range of DeFi companies and boasts a competitive fee structure and decent security.

FAQ

Is Paybis.com Legit And Safe To Use With My Trading Account?

Paybis is legit and has no known history of scams. It is a payment solution that offers regulated services for retail and institutional traders in the DeFi industry. It is considered a trustworthy site as it has maintained compliance with requirements in the UK, the US, and the EU.

How Does Paybis Work With My Trading Account?

The Paybis exchange enables traders to buy and sell various cryptocurrencies, including Ethereum and Ripple. It also provides a wide range of banking options, including a bank or wire transfer, Skrill and credit/debit card payments, making it convenient for traders to transfer funds to and from their live trading accounts.

How Fast Are Deposits To My Trading Account When Using Paybis?

Deposits can be fast when using Paybis and are processed instantly when using a debit or credit card. That said, payments via bank wire can take up to 5 days and some brokers may also have their own processing timelines.