Contents
- 1 What are the best Forex brokers accepting Mastercard?
- 2 Why should you use Mastercard for Forex trading?
- 3 Where can you use Mastercard?
- 4 What are the fees applied to payments made with Mastercard?
- 5 Where can I get Mastercard?
- 6 How safe can Mastercard payments be?
- 7 Why should anyone use Mastercard Forex brokers?
Mastercard is one of those things that everyone has heard something about. It is one of the top payment methods around the world and is also very popular among Forex trading. If you are looking for the best Forex broker accepting Mastercard payments, read this guide carefully to learn as much as you can about this payment method!
MasterCard has become an essential part of online purchases, by providing some of the fastest and wide range of opportunities to its users, it manages to be the top choice for many people around the world. For someone who is trading Forex, Mastercard is one of the safest and easiest payment methods that you can find out there.
Depositing and withdrawing funds from your Mastercard is not a complicated procedure, it is pretty simple to do so. To make payments with Mastercard, all you need is the information that is provided on the card itself. This includes the 16-digit card number, expiry date, name of the cardholder, and the 3-digit CVV code that is provided on the backside of the card.
What are the best Forex brokers accepting Mastercard?
Since there are so many Forex brokers that accept this payment method, it is not an easy thing to find the best one. To make your job easier, we have come up with the list of some of the greatest Forex brokers that accept this payment method. You can see them in a table 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 should you use Mastercard for Forex trading?
There are many advantages that Mastercard users can enjoy while trading Forex. Among them are:
- There are hundreds of different FX brokers offering Mastercard payments, so there is a long list you can choose from
- As a Mastercard user, you can enjoy instant deposits
- As a Mastercard holder, you can manage your account with 24/7 online access
In addition, the company is working very hard to fight against fraud and for that, they have adopted several different authentication methods. There are many different banks and organizations that are issuing Mastercards and you can get it very easily, some Forex brokers even offer prepaid Mastercards.
What are the disadvantages?
Even though there are a bunch of things that can be enjoyed while using Mastercard, there still are some things that you should consider before you decide to use Mastercard to fund the FX trading account. Something that we believe you should keep in mind is that withdrawals with Mastercard can take quite a long time, especially compared to more modern ways of payments, like E-Wallets. While making a withdrawal with Mastercard, you might have to wait for anything between one to five banking days.
This can be a huge disadvantage since there are so many payment methods which can help you to have access to your money in just a few hours.
Where can you use Mastercard?
There is a list of countries where Mastercard payments are accepted. It probably is one of the most accepted payment methods around the world, and more and more people are drawn to using it. You can use Mastercard in a list of countries, like Austria, Canada, France, Germany, the UK, Japan, Russia, Thailand, and many others! According to data that was provided by Google a few years ago, Mastercard is the most popular method of payment in 22 countries around the world!
There are many places where you can trade with Mastercard. However, not every broker is the same. Below, you can see some of the best brokers that you can use.
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
What are the fees applied to payments made with Mastercard?
It can be a bit difficult to talk about the fees that are applied to payments made with Mastercard since there are so many different card issuers. In most cases, most of the banks that issue the card have different amounts of fees applied to payments. You should always contact the card issuer to better understand the fees that might be applied to your payments.
While using Mastercard top-up for Forex trading, there might be some fees charged by the broker as well. We recommend that you do your research before you start trading because there might be some fees charged while making deposits on the Forex trading account.
Where can I get Mastercard?
Getting a Mastercard is not a hard thing to do. The easiest way is to visit the closest bank, ask them if they offer Mastercards, and after a very simple procedure, you will own the card. Generally, there are two different types of cards offered by commercial banks, Debit cards, and Credit cards.
There is some requirement for credit cards, for example, you should be at least 18 years old and your credit history should also look good. However, if you do not qualify for a credit card, you can always go with the debit card!
How safe can Mastercard payments be?
The security of your funds is probably one of the most important things that you need to be thinking about before you start trading. Forex is already very risky business, so you do not really want to have additional risks added to them. Something that can be done from your side is to make sure that all of the sensitive information is kept private, which means that everything that is shown on your card is not accessed by third parties.
Also, in most cases, you have the ability to use additional means of security while using Mastercard. For example, while making payments, you might be asked to provide a special, one-time code, that is in most cases sent to your mobile phone.
Forex brokers also have some type of security measures, which makes sure that the information that was provided by you can stay safe and will not be accessed by anyone.
Why should anyone use Mastercard Forex brokers?
There are many reasons why you should use Mastercard for Forex trading. However, the decision is yours to make – if you already own a Mastercard that you use for everyday life, you should definitely go on and use it for Forex trading as well. There are many Forex brokers that accept Mastercard deposits so it should not be a huge problem to find the one that you like.
Mastercard has a long history of offering people safety that is so important in the field of Forex, it was able to keep up with the development of the world and as of today, it stands to be a very active part of Forex around the world.