Contents
When it comes to Forex trading, there is nothing as important as the safety of your funds. Something that can influence it is the payment method that you decide to use for trading. In today’s world, there are many different opportunities that you have and the market is only growing.
However, there are many people who prefer to go with the ones that have been active on the market for already some time now, like, for example, Visa. Visa is probably one of the best-known payment methods in the world, it is available in most countries, and every day, billions of transactions are made with the help of it. We have created this guide for those who are looking for the best Visa Forex brokers on the market, read it attentively to learn as much as possible about Visa and the Forex brokers that accept it!
This very famous American company was established in 1958, through the years it managed to become one of the most popular, affordable, and trustworthy financial companies on the market. The company has hundreds of different offices that are spread around the world, offering some of the most reliable payment methods to their customers. According to the study done by Google, Visa-branded cards are the most popular around the world, offering citizens of more than 200 countries their services.
How to find the best Forex broker accepting Visa payments?
The process of looking for the best Forex broker can be a very hard thing. To make your job a lot easier, we have come up with a list of top brokers that accept this payment method. Take a look below!
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
Why is Visa a great choice for Forex trading?
There are many benefits of using a Visa card to fund the Forex trading account, we could go on talking about them for hours. But here are the ones that stand out the most:
- Deposits are made very fast
- The payment system is very user-friendly and can be used by anyone easily
- If any suspicious activity is detected, the card issuer will contact you directly
In addition, this payment method is adopted by tens of different brokers around the world. Because of this, you have a very long list of Forex brokers accepting Visa payments to choose from! This can come in handy especially if you are looking for the best broker on the market.
What are the disadvantages?
As good as Visa can be, there also are some disadvantages that every trader should keep in mind. Unlike more modern payment methods, like E-Wallets, for example, there are some fees that are charged while making deposits to Visa supported Forex brokers.
In most cases, a fee of 2%-5% is applied to withdrawals made with Visa cards, however, this also depends on the broker you are trading with and the card issuer. You might be lucky enough to have an issuer that does not charge any fees, and if you find the broker that does the same, you might even be free of any fees.
What are the fees applied to payments made with Visa and how fast are transactions made?
Possibly the speed of the transactions and the fees that are applied to the payments are two of the most important things when it comes to Forex trading. When it comes to fees, they may vary because of the huge differences between brokers. There are some brokers that have some additional fees, and there are some that do not charge anything.
The same thing is for the issuer of the card, there is a lot that depends on them. A very smart thing would be to contact your Visa card issuer and ask them to provide accurate information regarding the fees that are charged for transactions, in most cases, they will be able to help you out.
How to stay safe while trading with Visa accepted Forex brokers?
There are many things that you can do to make sure that your funds can be safe. First of all, when it comes to Forex brokers, most of them have some type of security measures adopted on their platform so that you can trust them with your funds. One thing to always remember is that you should never provide sensitive information to third parties, this information might include the card number, CVV code, or the exploration date of the card.
There are many that claim that Card transactions are one of the safest ways of making payments on Forex accounts. There are several reasons behind this, one of them is that there are several authentication steps that need to be taken before the payment is made. For example, some issuers might ask you to provide the one-time code that was sent to your mobile phone, if you are using smartphone applications for deposits, you can also use your fingerprint as additional means of safety, on newer versions of the phone, face ID can also be used.
Because of its safety and security, Visa is used by many Forex brokers. Some of these brokers are better than the other on the market. Below, you can some of the best FX brokers that accept Visa.
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
Where is Visa available?
Visa is one of the most popular payment methods around the world and more than 200 countries accept payments with Visa cards. Originally created for the American market, Visa was able to provide access to fast transactions and safe payments to citizens of more than 200 countries.
The slogan of Visa is ‘Everywhere you want to be’, and not for the wrong reason, customers are able to use their cards in almost every corner of the world, this makes it very popular among Forex traders since they know that no matter where they are trying to start trading, they can depend on Visa for payments!