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In the world of Forex, the payment methods that you choose can make a huge difference. The market is full of different types of opportunities and the one that you choose largely depends on your location, amount of money you want to deposit, and the speed of the deposits that you wish to have.
FX brokers started adopting many different payment methods because of many things, but mainly this happened so that they could attract more traders to their website. Very frequently, traders already know which payment methods they want to use. On this page, we have done our best to review every type of payment methods and the pros and cons of these payment methods.
If you are new to Forex trading and do not really now which payment methods to use, this page will be a huge help for you. Do not hesitate to check our guides to payment methods and make sure to use every single information that we have provided for our readers.
What are the best Forex brokers on the market?
The Forex market in recent years managed to grow significantly. A lot of new brokers have become very popular because of the amazing offerings that they have, however, finding the one that fits all of your needs is a very hard thing to do. It is especially hard for those who are new to the world of trading and who do not really know what they should be looking for in an FX broker.
To make your job a lot easier, we have decided to do very hard and intensive research on our own and finally were able to come up with a list of the best Forex brokers on the market that will offer you a great trading experience. Below is the list of some of our top picks, do not hesitate to check those out and start trading now.
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Min. depo
$5
Leverage
1:888
Platform
MT4, MT5, WebTrader
XM
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Min. depo
100 USD
Leverage
400:1
Platform
MT4, MT5
AvaTrade
Forex trading money deposits
Over the last few years, Forex trading has become very popular around the world. As many people started to enjoy this amazing market, the demand for payment methods sky-rocketed. Depositing funds on the trading account is the first and most important step towards a successful FX trading. There are many deposit methods available in today’s world, and we want to discuss all of those with you.
The most popular payment methods on the market include debit/credit cards such as Visa, MasterCard, UnionPay, etc. Digital wallets, for example, Neteller, Skrill, PayPal, and many others.
How do people choose deposit methods?
When it comes to choosing deposit methods., FX traders have a bunch of opportunities to choose from. However, some have a number of restrictions when it comes to choosing the payment methods because of their locations.
Generally, there are several factors that the traders need to keep in mind, such as the amount of money they want to deposit, country of origin, security issues, chargebacks and refunds, ease of transactions, and the speed of transactions.
Because of the fact that monetary control is very different in various jurisdictions when it comes to how much money you want to deposit, the local laws play a huge role. For example, some countries have limits for wire transfers, some have limits for credit/debit cards, etc.
The time that is needed for transactions to be made is very important for every Forex trader. You do not really want to use a payment method that will take a whole week for deposits. The best one to use if you want speedy transactions is online payments since they mostly take little to no time.
If you are having a hard time deciding which FX broker to use, below we have listed the ones that offer the most diverse payment methods on the market. Check this list and start trading Forex today!
XM
Min. Depo
$5
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Leverage
1:888
Platforms
MT4, MT5, WebTrader
AvaTrade
Min. Depo
100 USD
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Leverage
400:1
Platforms
MT4, MT5
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
FundedBull
Min. Depo
49 USD
Licences
N/A
Leverage
N/A
Platforms
MT4, MT5, cTrader
Forex.com
Min. Depo
$100
Licences
NFA, CFTC, FCA, FSA, IIROC and CIMA
Leverage
1:50
Platforms
WebTrader, MT4, MT5
CMTrading
Min. Depo
250 USD`
Licences
FSCA
Leverage
1:200
Platforms
MT4, WebTrader, Copykat
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
Why are payment methods important?
Deposit is the first step that you take while investing in Forex trading, which means that it is very important to find one that fits all of your needs the best. If you still have not decided which payment methods are perfect for you, you can check out all of the guides that we have created about dozens of different deposit methods and start trading with the one that fits your needs the best right now.