There are many different payment methods available when trading online – different brokers support different deposit and withdrawal options. All trading payment methods also have different advantages and drawbacks, related to fees, processing times and limits.
For some traders the time it takes to process a payment is essential, while other traders are fine with waiting a few days. Likewise, depending on whether you will make many small transactions or fewer, larger ones, transaction costs might be more or less important.
Here we list all the different online trading payment methods, including brokers that accept them, plus tutorials covering everything a trader needs to know.
1ForYou is an innovative payment gateway that is bridging the gap between South Africa’s informal cash economy and digital finance. One area that has seen particular interest and momentum for this transition is day trading and this guide will evaluate the pros and cons of using 1ForYou to fund your trading account.
ACH Transfer deposits are a convenient way for traders to fund a trading account, or even make a rent payment or buy clothes. This guide will unpack all you need to know about the payment method, including security, fees, speed and more. As automated payments continue to rise in popularity, it is worth having an understanding of how an ACH transfer works and the value one holds.
ADVcash is an online payment gateway that supports global fiat currencies and cryptocurrencies for a range of transactional needs, including funding and emptying trading accounts. This review will explore the suitability of the service to support trading, discuss how it works, the ADVcash e-wallet, virtual card, news, fees and safety.
Airtm is a relative newcomer to the field of online payment methods for trading brokers, but it is already an established e-wallet system with widespread usage in Latin America and cryptocurrency support. This review will give the lowdown on using Airtm brokers, with sign-up information, plus fees and charges.
Alipay is the most popular e-wallet service and online payment method in China, followed by PayPal and WeChat Pay. Its primary product is the Alipay wallet app, which can be used for global and domestic payments. There is also the unique Tour Pass for foreigners and international bank account holders.
American Express provides millions of customers worldwide with a fast, easy and safe way to make payments to a range of merchants. As a result, there is a growing list of trading brokers that accept American Express deposits and withdrawals. This guide unpacks the key considerations when using American Express to fund day trading positions, from foreign exchange fees and interest rates to types of credit cards and transfer limits.
Apple Pay is a low-cost, fast and secure payment gateway used by millions around the world. A popular and convenient way to pay for shopping, public transport, grocery trips, and increasingly, retail trading accounts. Its widespread popularity can, in part, be attributed to its straightforward setup, accessibility, and low fees.
AstroPay is a global money transfer service with a focus on emerging markets. The free e-wallet and payment card provider has partnered with many online merchants, including recognized forex brokers and trading sites. This review will cover its key features and uses, how it works and app download options for wallet fund storage.
The Automated Customer Account Transfer Service (ACATS) is a system designed to standardize and automate the transfer of assets from one brokerage account to another on behalf of a trader who wishes to make the switch. Not only does this offer increased convenience to the trader but it also improves transaction speeds and enhances security.
Banxa is a cryptocurrency payment gateway that aims to meet the increasing demands of the market for faster digital currency payments with lower fees. The platform is an on-ramp financial system that warrants its popularity through reliability and trustworthiness. This 2023 review will explore the company’s details, platform features, advantages, disadvantages and more.
Bitcoin is a decentralized network of digital money, powered by users. Bitcoin provides crypto payments to businesses with integration via an API plugin so they can receive transfers across the globe regardless of market size and volume. Our review looks at Bitcoin payments as a deposit and withdrawal method for traders.
Boleto Bancario is a well-regulated, secure and simple payment system that generates 3.7 billion transactions per year in Brazil. It is a particularly popular payment method with Brazilians that do not have bank accounts, including online traders.
BPAY is an online payment system widely used across Australia. The bill and digital banking system is popular among Australian forex and CFD trading brokers, as well as banks, building societies and merchants. Here we cover the transfer solution as a deposit and withdrawal method for traders, including any payment limits, fees and processing times.
Cashu is one of the leading online payment providers in the Middle East and North Africa (MENA). Investors can fund forex and CFD trading accounts with Cashu. Our review covers the deposit and withdrawal process, associated fees, security, and other considerations for traders. We also list the best brokers that accept Cashu payments in 2023.
Cheque payments, otherwise known as bills of exchange, are written documents signed by individuals to instruct a bank to debit an account. Evolved from handwritten cheque payment orders years ago, current rules and features have made this transfer solution more secure.
Clear Junction is an online payment solution designed for all manner of financial institutions. It is an emerging payment method for digital currency brokers and institutional traders, as well as banks and online merchants. This review will cover how Clear Junction works, its supporting payment networks, its measures to keep your funds safe, typical withdrawal times, the suspension from the Binance partnership and more.
Credit cards are among the most popular and convenient payment methods globally. Credit card transactions are accepted by most merchants, including the top trading brokers. Existing cardholders can deposit funds into FX trading accounts in just a few clicks.
Debit card transactions are a popular method for making trading account deposits and withdrawals, taking the place of the cumbersome wire transfers of old. Debit cards are accepted by most brokers and retailers and are offered alongside most bank accounts, producing an efficient and accessible infrastructure.
A Diners Club International card could benefit your trading account. This guide will dive into every aspect of the payment gateway, from its history and fees to security and the account setup process. We’ll also cover credit card application, eligibility, rewards points and more. In addition, we’ve listed the top trading brokers that accept Diners Club deposits below.
Doku Wallet is an e-wallet that is popular in Indonesia. The payment solution has been adopted by merchants, brokers and traders across the country, owing to the platform’s ease of use, accessibility and options for customisation. This review will cover everything from deposit fees and speed to payment limitations and registration.
Dragonpay is an online payment service provider in the Philippines. It allows traders who do not have access to banks to make purchases through a digital account and mobile app. Cash can also be withdrawn without using a credit card. This review will cover everything you need to know about trading with Dragonpay, from service fees and account charges to speed and security.
EasyPay is a payment gateway service based in Ukraine, popular among local merchants and banks, as well as forex trading brokers. Here we review EasyPay finance as an online payment option for traders, plus detail the registration and login process. We have also compiled a list of the best brokers that accept EasyPay deposits in 2023.
ecoPayz is an eWallet available in over 200 countries. It is known for being an easy-to-use, reliable, and safe online payment system, which has made it popular with online traders. This review of ecoPayz will cover how to use the service for trading as well as important information regarding security and fees.
emerchantpay is a payment service provider for online, mobile and point of sale transactions. They deliver high-capacity processing across several industries including forex trading, and offer a variety of payment methods and fraud management tools. Our review will cover the key features of this transaction route, including where emerchantpay operates, their payment gateway, and the benefits to traders.
Etana Custody is an independent, global custodian service that allows traders to fund their broker accounts with a range of major fiat and digital currencies. The payment system aims to reduce counterparty risk and transfer fees by supporting its clients in managing assets from one centralised place that is securely linked to their provider or broker.
Cryptocurrency represents an exciting new market in which to speculate and invest. However, coins such as Ethereum (ETH) also have real-world utility as a payment method to add and withdraw funds to brokerage accounts. An increasing number of brokerages are accepting Ethereum deposits, providing crypto investors with a seamless payment solution and anonymity.
FasaPay is an online payment method offered by a wide range of forex brokers. With low fees, traders can deposit or top-up their FasaPay account via bank transfer, either through the website or mobile app. In this review, we explain how to register for an account and login via your trading platform. Also, find out how the payment system compares to electronic card wallets such as PayPal or Neteller.
Finrax is a gateway for cryptocurrency payments providing multi-currency support and exchange so that merchants can process transactions in digital tokens. The payment solution is also proving popular with traders, providing instant deposits due to the undisrupted flow of funds. This guide lists the best brokers that accept Finrax deposits in 2023.
Flutterwave is a payment gateway solution that is offered by several brokers globally. Founded in Nigeria in 2016, it provides a secure service that integrates several payment methods through API documentation, providing traders with the flexibility to fund or withdraw from trading accounts using their preferred transfer method.
Giropay is an internet payment company based in Germany. The system enables direct transfers, meaning traders enjoy swift and secure deposits using just their online banking login details. Giropay is represented by the familiar blue and white stripe logo and is used by thousands of participating banks and merchants.
GlobePay is a digital wallet that allows day traders and other users to make fast payments to supported merchants, including online brokers. This wallet review will explore how traders can get started with the payment solution, with a guide to transaction times, transfer fees, and potential drawbacks.
Google Wallet, formerly Google Pay, is a popular digital wallet. It offers fast and secure payments with low fees and is free to download onto Apple and Android devices. The wallet is used by many active investors, favored for its flexibility and widespread integration with trading brokers. In this review, we evaluate what Google Wallet has to offer retail traders, from deposits and withdrawal fees to payment limits and security.
HUMBL Pay is a financial services firm specialising in app payments and blockchain investments. In this review, we cover their top two services for consumers, the newly released HUMBL Pay app, which facilitates instant online deposits, and the HUMBL Financial ETX product.
iDEAL is a Dutch payment system that offers convenience and security. The online purchase of products and services, including the funding of trading accounts, is facilitated in a matter of seconds. The brand is a favored transfer method for those registered with the following Dutch banks: ABN AMRO, ASN Bank, Friesland Bank, ING, Rabobank, RegioBank, SNS Bank, Triodos Bank, and Van Lanschot Bankiers.
A JCB card is becoming an increasingly popular payment solution for day traders. The transfer network, formed by the Japan Credit Bureau (JCB), is a major player in the payment card industry. This review will explain the benefits and drawbacks of using a JCB Card for online trading. We also discuss the company’s fee structure, security protocols and customer support, before listing the best brokers that accept JCB Card deposits.
Klarna Bank AB, or Klarna, is a payment solution from Sweden. Its famous tagline ‘shop now pay later’ helped it handle around $80 billion in online sales in 2021. The brand is also receiving support from a growing list of trading brokers. This review explains how Klarna works, typical payment limits, and late fees.
M-Pesa is an international mobile banking service set up in Kenya that allows users to store money and transfer it to others on the network. The payment method is now popular amongst traders in a range of countries across Africa and around the world, including Tanzania, Ghana, South Africa, Mozambique, Lesotho, DRC, Nigeria, Uganda, Rwanda, Zambia, Egypt and Ethiopia.
Maestro is a method of payment that e-merchants and sellers accept in exchange for goods or services, including trading brokers. This review will go over 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.
Mastercard is one of the most widely used payment methods among traders and brokers. Investors who own debit/credit cards or prepaid cards with the Mastercard logo can enjoy quick deposits into their trading accounts, as well as ‘Priceless’ benefits. Traders are also protected by SecureCode and login security features, as well as chargeback rights.
MoneyGram is a leading global transfer platform, offering secure transactions and reliable customer service. The payment provider has established worldwide brands to serve users in its walk-in-business and direct-to-consumer online solution. This review focuses on using the payment option for trading, including account opening benefits, login security, and any fees.
Traders looking to fund their investing accounts with Chinese Yuan (CNY) are likely to face steep international transfer fees. However, Netbanx Asia provides a cost-effective solution for many Asian traders. In this review, we rank the best brokers that accept Netbanx Asia deposits. We also provide a step-by-step guide to funding trading accounts with Netbanx, listing payment fees, transfer times, plus security features.
Neteller is one of the most widely integrated e-wallet solutions available today. Popular amongst consumers, traders and businesses alike, funds can be withdrawn directly to the Net+ card or transferred into a bank account.
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.
PayID is an instant-processing, online transaction method launched in Australia. The digital initiative is supported by 60+ banks and financial institutions, as well as integrating with Osko. The payment method has been adopted by some trading brokers, plus banks and other merchants. This review will cover how it works, making PayID trading deposits, payment timelines and more.
PayNow is an online payment gateway primarily available to traders in Singapore. Accepted by leading global brokers that deal in markets such as stocks, forex and commodities, the digital solution offers a fast and secure way to complete payments.
Payoneer is an e-wallet and payment service that is supported in hundreds of countries. But how can you use Payoneer to fund your online trading account? In this user guide, we cover how it works, the fees associated with it, transaction speeds, how to open an account, and more. We also rank the best brokers that accept Payoneer deposits and withdrawals.
Paypal is by the far the world’s most recognisable form of online payment. The number of brokers that accept Paypal is increasing and Forex trading with Paypal is becoming particularly common. Day trading with Paypal brokers is popular because of how secure the method is and how quickly transfers can be made between accounts.
PayRedeem, formerly VLoad, is an online service that traders can use to transfer funds to online brokers. Owned by Global Primex Limited, it is a well-established payment method that makes it easy for investors to make fast and low-cost trading deposits. This guide will review PayRedeem by covering how it works, expected transaction times, plus transfer costs.
The Paysafe Group Limited is a multinational online payment solution for businesses, including trading brokers. Services include secure cross-border e-commerce and alternative payments. This review focuses on using a Paysafecard for day trading, specifically online account opening and deposits, along with any fees for traders.
Paytrust, or Paytrust88, is a digital payment gateway accepted by several trading brokers and forex platforms. As a popular financial transaction method in South East Asia, Paytrust enables traders from countries such as South Korea, Indonesia, Malaysia and China, to transfer funds quickly and safely.
Perfect Money is an online payment solution offering fund storage via several deposit methods, including wire transfers, e-vouchers and credit cards. The system also provides accounts in several currencies, including Bitcoin, as well as a loan service. This has made it popular with aspiring retail traders.
PIX is an innovative payment method specifically designed for the Brazilian market. The intuitive solution is an emerging deposit option among forex and stock trading brokers, as well as a range of online merchants. It simplifies the need for more timely Brazilian Reals (BRL) bank transfers via TED (Electronic Funds Transfer) or DOC (Credit Transfer Documents).
POLi is an online payment company based in Australia. The system offers an alternative to credit card payments, meaning traders can make instant transfers to their investment accounts through an internet banking login process.
Przelewy24 – also known as P24 – is an online payment system that traders in Poland and other European countries can use to fund and make withdrawals from their brokerage accounts. This may not be the best-known payment service among day traders globally, but it is a popular company with excellent integration in its native region and it can be a fast and economical way to handle money transfers to and from Przelewy24 brokers.
Qiwi Wallet is an online and mobile payment system based in Russia alongside 20 other supported countries. The transfer service provides an e-wallet for storing customers’ bank cards and Qiwi virtual or plastic Visa cards. The payment brand is also available at a number of popular trading brokers.
Rapid Transfer is an instant online payment system launched by Skrill and supported by other well-known brands, including Neteller. With no sign-up needed and a fast login to digital banking, investors can make direct money deposits into their trading accounts.
RBK Money is a payment acceptance service provider with over five million users. It offers a selection of online and in-person transaction methods, a user-friendly checkout experience, and anti-fraud monitoring. Our review will examine the main aspects of the RBK Money service for traders, including its open-source API, payment methods, currency options, and gateway security.
SafeCharge is a global payment gateway providing streamlined solutions to merchants across international borders. Since 2006, the company has also been used by investors to fund retail trading activities, facilitating safe and secure deposits and withdrawals.
The popularity of eWallets has risen rapidly in recent years and Samsung Pay has been at the forefront of digital wallet use since its release in 2017. The convenience and safety associated with making trading payments from smartphones has also proved a success. In this review, we look at the benefits of Samsung Pay brokers, noting deposit and withdrawal timelines, plus payment fees.
Silvergate Bank is a San-Diego based provider of innovative financial solutions for the digital currency industry. Services are integrated with some of the largest fintech and cryptocurrency trading companies in the world. Here we review the service as an online payment method for traders and provide details of how to open an account, market cap, total assets and customer contact options.
Simplex is a pioneering cryptocurrency payment gateway that partners with a wide range of crypto exchanges to support payment card transactions and deposits in a fast, secure manner. The institution is EU-licensed and bridges a gap between fiat and cryptocurrencies. This review will discuss the security systems, pricing structure, speed and benefits of using Simplex to make deposits into trading accounts.
Skrill is a digital wallet accepted by many online brokers. The number of users is constantly increasing due to its speed, simplicity and security. Other advantages include its acceptance of all major currencies and its ability to handle large deposits. Trading with Skrill brokers also benefits forex traders because of its low fees when transferring large amounts of currency.
Sofort (part of the Klarna Group) is an online direct payment service, where traders can fund their broker accounts using just their online banking details. You may find the Sofort/Klarna logo at some brokers and e-commerce websites, but how does it compare to e-wallets such as PayPal?
Sticpay is a global money transfer service with a focus on Asian markets. The e-wallet provider partners with many merchants, along with top forex brokers to provide efficient and secure international payments. Our review explores the benefits of trading with Sticpay, including its key features, such as the prepaid ATM bank card, account set up and login, plus deposit and cashback options.
Swift (The Society for Worldwide Interbank Financial Telecommunications in full form) enables international payments to be made between financial institutions using a unique and secure messaging system. Importantly, a number of online brokers offer Swift deposits and withdrawals to their customers. Here we explore how the global payments system works, as well as looking at its speed, security and benefits for traders.
Wise, previously TransferWise, is a multi-currency electronic transfer solution that can be used to deposit funds to online trading accounts. The London-based company makes it quick and easy to send funds internationally and convert currencies at the click of a button.
Trustly is an online payment facilitator that allows investors to transfer funds to and from their trading accounts quickly and securely. Particularly popular amongst European brokers, or those with a large European customer base, the platform provides simplicity and security without the need for a lengthy registration process or software installation.
UnionPay International (UPI), or China UnionPay (CUP), is a payment provider popular with online brokers and traders. You may have spotted the tricolored logo on your brokerage’s website or at your local ATM, though it may not feel as familiar as Visa debit and credit cards.
Venmo is a mobile payment solution with an integrated social feed. The platform aims to make the transfer of payments between friends, family and businesses as seamless as possible. The app also supports cryptocurrency purchasing, selling, and trading. Find out all you need to know about how the online payment solution works here.
A Vietcombank transfer is an emerging payment solution among Asian merchants and brokers. The payment system is run by a multi-sector commercial bank that facilitates straightforward deposits and withdrawals. This review delves into using a Vietcombank transfer for funding and emptying trading accounts, from fee structures to other key details.
Visa debit, credit and prepaid cards are accepted by many of the top trading brokers. Recognisable by its blue and yellow logo, Visa is one of the largest financial networks and payment systems globally. Its cards are accepted by businesses and merchants in over 200 countries with close to 600 million transactions processed each day.
WebMoney is a digital payment service utilized by online trading platforms. The number of brokers that accept WebMoney deposits is actually on the increase, largely on account of the security and speed offered by the transfer service. Other advantages of trading platforms that support WebMoney include the acceptance of most major currencies and an ability to handle large transactions with fees from 0.
WeChat Pay is a Chinese payment method that can be used for trading account deposits and withdrawals. The payment system is directly linked to the WeChat communications application and supports secure CHY transactions for locals, tourists and businesses.
Western Union is a financial services organization that is best known for its worldwide money transfer service. Its head office is located in Denver, Colorado, but its retail locations can be found in over 200 countries worldwide including Great Britain (GB). The famous black and yellow logo is internationally recognized as a trusted institution for investors who need to move cash around the globe, one which recently received a valuation of almost $7.
A bank wire transfer is a payment method used for domestic and international money transfers from one bank to another, supported by the likes of Barclays, Bank of America, NatWest, and Santander. But before you login and make a deposit, there are several factors to consider, including the time it takes to transfer cash into your trading account, fees you may have to pay, plus any minimum and maximum transfer limits.
WorldPay Group, (formerly RBS WorldPay) is a leading online payment platform. The company provides services to a variety of customers from multinational corporations to start-ups, across 150 countries. Solutions include e-commerce payments, merchant accounts and card reader machines, however, in this review we focus on its use in online trading.
Yandex Money is an online payment system based in Russia. Using the service is much like any other e-wallet such as PayPal, except Yandex Money also offers virtual credit cards (VCC), prepaid cards, and plastic Mastercards, as well as additional login rewards and services.
