Brokers that offer credit

Make sure you’ve considered all your options before you decide to take out a payday loan.

New forex bonuses

Credit brokers explained, brokers that offer credit.

Before you use a credit broker, you should check they’re authorised. Legitimate credit brokers are authorised and regulated by the financial conduct authority (FCA) and are listed on the financial services register. From 2 january 2015, all their communications with you should also make it clear that they are a credit broker and not a direct lender.

Credit brokers explained

What credit brokers are

How credit brokers are authorised

When credit brokers can charge you a fee

How they can use your personal information.

What is a credit broker?

Check your borrowing options

Payday loans are a very expensive way of borrowing. You may have other options such as a credit union loan, an overdraft or a social fund loan.

Make sure you’ve considered all your options before you decide to take out a payday loan.

Credit brokers offer services to help people find credit (for example a payday loan), by comparing the market and introducing you to a company that can offer you a deal. You may have used a credit broker when you were searching the internet for a payday loan or another type of credit, or if you responded to a marketing text message inviting you to take out a loan.

Sometimes you may not have even been aware that you were using a credit broker. You may find you have unknowingly signed up to use their services thinking you were:

Applying directly for a loan

Using a comparison site or credit reference agency to try and find the best loan for you

Responding to marketing texts, emails or calls inviting you to take out a loan.

If you’re not sure whether you’re dealing with a direct lender or a credit broker, look at the firm’s website or other communications with you. Credit brokers must tell you that they’re a credit broker and not a lender.

Is the credit broker authorised?

You’ll find the credit broker’s legal name on all its communications, such as its website, emails, phone calls, text messages and letters. You can use this name to search the financial services register.

You can also check if the company is on a list that the FCA recommends you avoid.

Fees and charges

Watch out

If a credit broker does any of these things, this is a scam:

Asking you to pay a fee via a money transfer service such as western union or ukash

Asking you to pay more money on top of the fee, such as a transaction tax or payment protection insurance.

In the past, some people had problems with credit brokers taking fees that customers hadn’t agreed to. However, from 2 january 2015 credit brokers are now only allowed to charge you a fee or ask you for any payment details if both of the following conditions are met:

The credit broker has given you a written information notice setting out details of the fees, and

You’ve acknowledged and agreed to the information notice in writing. Agreeing over the telephone isn’t enough.

The information notice must tell you:

Who you’re dealing with – by including the credit broker’s legal name

That the firm is a credit broker and not a lender

How much you’ll pay or are likely to have to pay

When and how the fee will be paid.

These rules don’t apply to credit that is secured on land.

If a credit broker has charged you a fee or taken payment details from you without keeping to these rules, you can complain and get your money back.

If a credit broker passes your payment details on to another credit broker, that new credit broker isn't allowed to charge you a fee until you've had an information notice and have agreed to be charged.

Using your personal details

As part of the registration process with a credit broker, you may be asked to tick a box saying that you agree to your details being passed on to ‘carefully selected’ third parties. You may start to get unsolicited texts, calls and emails from other credit brokers offering you additional loans.

If your details are being used in this way or you’re receiving communications from other companies when you didn’t agree to your personal details being shared, you can complain. If these companies have charged you fees that you didn’t agree to, you can get your money back.

Credit broking

Solutions loans – the no fee§ credit broker

We are solutions loans, an innovative, fast growing, no fee online credit broker offering a transparent and reliable service to help you find the right personal finance. What’s a credit broker? Well, essentially, we are able to help you make your own decision about the kind of finance that best suits your personal circumstances and connect you to the those lenders. There are many brokers out there but what really sets us apart is:

Service – our reputation is second to none. In fact solution-loans.Co.Uk has scored 4.7 out of 5 based on 343 ratings and 56 user reviews across its range of services.

No fees – we don’t charge you anything to arrange a loan with us, which is why you’ll see the no fees § stamp all across our site. This means that you won’t have to pay an up front fee and there are no hidden costs either. Instead, we generate our income from the lenders and partners we work with – typically fees are not factored into your finance.

What can solutions loans offer you?

Our innovative approach has a number of benefits, including making us one of the most cost effective credit brokers around. The savings we can make by streamlining our offering allow us to offer a comprehensive service without charging a fee for it. Despite this, we are second to none when it comes to choice, speed and making sure you have the information you need to help you make a well-informed decision.

We are also a forward thinking business and we believe in making good use of technology to improve our services, which is why we have developed a number of intuitive tools:

Find loans – in just 4 simple questions you can start discovering your finance options. This tool will help you see what your loan options are in a matter of seconds.

Calculator – use this great tool to help you judge a products affordability. For our main loan products, the calculator offers the chance to estimate your loan repayments and you can then compare to your income and other expenditure.

Search facility – use our efficient search tool to guide you to the right page straight away regardless of what you might be looking for.

Guides – browse our informative guides to get all the information you need on the products that we offer.

These time saving tools have been designed to help you answer most of the questions you might have as you embark on finding the right credit solution.

Credit broker vs. Lender

This is most often the choice that we face when we start browsing for personal finance – do you go straight to a lender to arrange your loan or do you opt for a third party? We think there are a number of reasons why a credit broker is a better option:

Choice – the appeal of a credit broker is the access you have to a broad panel of lenders. You can discover which lenders will lend in principle and then compare rates and terms and conditions, rather than laboriously doing all this yourself, one lender at a time.

Time efficient – it can be very time consuming to research one lender after another and you can avoid this by using a broker instead. With a wide selection of products and plenty of information on each one it’s much easier to see what your options are.

Higher success rate – thanks to the wide range of lenders to choose from you are much more likely to make a successful application going via a broker than an individual lender. The process of making the decision about the personal finance will also be much better informed and this can also influence the final outcome. If you’re looking to walk away from the process with a successful application then the chance of achieving that is higher with a more broad-brush approach.

No fee § – a no fee broker like solutions loans can offer all of the above without a fee, so you essentially get the same deal as going direct but with a much better service.

Nothing on this website constitutes financial advice. If you need financial advice you should speak to a qualified financial advisor.

Top debit card brokers for 2021

We found 11 online brokers that are appropriate for trading debit card.

Best debit card brokers guide

Debit card brokers

If you are searching for debit card brokers, you will need to be very selective when you're looking for the right brokers for you.

This requires valuable time in order to conduct your review and research.

Before you start trading, you will want to be cautious and need to understand the better brokers who accept the debit card method with the utmost safety and security.

Debit card brokers facilitate funding of forex accounts and other types of trading accounts through a debit card transfer. The withdrawal is also done through the same channel.

The commonly used debit cards are VISA, mastercard, american express, diner's club and china unionpay.

Benefits of debit card use

Earlier traders used to rely on wire transfer but with the arrival of debit cards, the depositing and withdrawal has become easier and faster due to no paperwork involved, in contrast to other ways.

Moreover, with debit cards, the bank regulators impose no restriction as it is the case with a wire transfer.

In bank transfer cases some countries impose limits on the transfer of foreign currency. In debit cards, there is no such restriction.

This is the reason debit card brokers are a blessing to forex investors and with their entry in the industry, things have changed dramatically. With their help, transactions have become faster and easier.

With the debit card brokers, a trader can deposit on monday, trade the next day and can withdraw the profit on wednesday. It is so simple and quick.

Some of the debit card brokers issue a special prepaid card that can help using the withdrawals as shopping on merchant websites.

Advantages of debit card brokers

The first benefit while dealing with debit card brokers is the speed of transactions. The deposit of funds and withdrawal of profits are far faster than wire transfer.

In fact, the deposit is almost instant. If a position is placed at 8am, the trader can deploy the card at 8.01am., and trading the position starts at 8.05 am.

The process of debit card verification makes using the card safe for the deposit of funds. The withdrawals are guaranteed to be quick and easy.

As an addition some of the debit card brokers offer a specialized prepaid card to use for shopping on merchant sites or at POS terminals.

When it comes to forex trading, you will want to ensure that you can use the most conventional approach when depositing and withdrawing funds. Many people cannot be parted from their credit or debit cards and this is possibly also the case with you.

You could be the customer of any of these cards: american express, mastercard, VISA, diner’s club, china unionpay, and others. Therefore, you will want to use what you have to deposit or withdraw from the forex brokerages.

The reason to use a debit card or credit card

The most conventional way to deposit the funds to the trader accounts is through the bank. If this method is not for you, you could use your credit or debit cards instead.

Bank transfer can be complex and slow because the method involves paperwork and permissions. Some of the financial institutions even put a lot of restrictions in the bank transfers for forex trading.

These restrictions can be a huge problem for the serious forex trader. If you are serious in doing this, using the credit or debit card could be a game changer.

With the help of credit or debit cards, the transactions can become simpler and faster. There is no need to wait for days until the funds are deposited into your account.

If you are depositing your funds through credit or debit cards on a monday for example, you should be able to make the trade on tuesday or wednesday.

You can withdraw profits at the same time. You would only need to adjust your schedule on friday to sunday as the transactions can be slower.

Some brokers even work with the other merchants shopping sites to issue prepaid cards which you can use for withdrawals.

Why choose brokerages with credit or debit card methods?

This is due to the speed of transactions offered by the debit cards.

You can instantly get results with your debit cards. If you want to deposit into your forex account, you just need to use your card and the transaction will be completed instantly.

For instance, you use a debit card now, and minutes later the funds are deposited into your forex account. Therefore, you could start trading immediately. If you are using the bank transfer, you may need to wait for days until you can use your funds to trade.

The addition of the debit card to your brokerage site is quick and easy. The credit card brokers even issue prepaid cards which you can use to shop or for other kinds of transactions.

How to choose the brokerage with a good and secure method

Most of the forex brokerages now accept credit or debit cards for transactions but not all countries may accept them. You could be living in a country where the specific credit or debit card is not permitted.

Therefore, you will need to choose the right credit card forex broker for where the service is available in your country. If you are not really sure, you could have an option to reach out to the customer care of the credit card forex brokers.

Put simply, you will be able to reap all the benefits without safety issues if you are working with a trustworthy and reliable broker. With this broker, you can rest assured that your money will be in the safest hands.

How to choose debit card brokers

Almost all the forex brokers facilitate the use of debit cards but there are restrictions in some countries.

This is the reason it is important to choose such debit card brokers who are based in favorable countries.

Moreover, do not forget to also deal with a regulated broker.

Chargeback on debit card brokers account

Traders can reverse the fund. This feature is important on issues like the brokers taking deposits forcefully on the stored card details.

In the chargeback process, the money taken by the debit card brokers can be reversed.

However, certain rules apply in the process and it is important the trader takes note of these from the card company and knows whether the chargeback is permitted.

Debit card brokers verdict

Depositing funds using your debit card gives you plenty of benefits, but you will only achieve a great experience if you focus on honest brokers. Let’s save your time by looking at the list of most trusted brokerages below.

There are several benefits to funding trading with debit card brokers when trading the forex market. The process is fast and easy.

No paperwork is involved in making the payment or withdrawing funds. Almost all the renowned debit cards are accepted and chargeback feature facilitates reversing back of money if the broker wrongly deposits.

With debit card brokers it is possible to deposit funds today, trade tomorrow and withdraw the profit the third day.

Many debit card brokers offer a certain specialized prepaid card to help trader shop on merchant sites or at POS terminals using the withdrawal amount.

The only important thing to consider while dealing with debit card brokers is to verify whether they are regulated brokers.

It is suggested never to pick an unregulated broker as during any dispute no initiative could be taken by the regulatory authority to resolve the matter.

We've collected thousands of datapoints and written a guide to help you find the best debit card brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best debit card brokers below. You can go straight to the broker list here.

Reputable debit card brokers checklist

There are a number of important factors to consider when picking an online debit card trading brokerage.

Check your debit card broker has a history of at least 2 years.

Check your debit card broker has a reasonable sized customer support of at least 15.

Does the debit card broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your debit card broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your debit card broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your debit card can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering debit card brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below debit card brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 debit card brokers of 2021 compared

Here are the top debit card brokers.

Compare debit card brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are debit card brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more debit card brokers that accept debit card clients

Credit brokers and authorisation

Here we list some typical misconceptions about the way we authorise credit brokers. Then we give you the facts.

✘ A firm that brokers only exempt agreements doesn’t need a credit broking permission.

✔ credit broking is only relevant in relation to loans classed as credit agreements, which are loans to individuals and partnerships consisting of two or three persons. It does not include, for example, loans to companies, which are exempt.

Our regulation of credit broking includes regulating the broking of some credit agreements which may be exempt from regulation. For example, business loans above £25,000.

✘ A firm that only makes introductions to brokers (rather than lenders) does not require a credit broking permission.

✔ any introductions you make to other credit brokers will be classed as a regulated activity, if the aim is to introduce customers to credit. So, you’ll need FCA authorisation.

✘ credit broking permission is not required if a firm’s broking is ancillary to its main business.

✔ retailers using third-party lenders to arrange finance are still likely to be engaged in credit broking – assuming the instalment credit exemption doesn’t apply.

✘ A person who carries on credit broking as an ancillary activity is automatically eligible for limited permission.

✔ you may be eligible for limited permission if your broking relates to the goods and services sold by your firm, and your main business doesn’t involve a regulated activity other than the regulated activity of entering into, or exercising the owner’s rights under a consumer hire agreement. Firms that broker consumer hire and hire-purchase agreements are also eligible for limited permission but domestic premises suppliers aren’t eligible for limited permission broking.

✘ A firm is only a domestic premises supplier if they make sales in the home.

✔ the definition of a domestic premises supplier includes firms who offer to sell goods or services when visiting customers in their homes. This is the case even when a contract is only completed online or in an office at a later date. Providing a binding quotation is one example of an offer – whether the customer chooses to accept it or not.

✘ A firm is only a domestic premises supplier if they discuss credit in the home.

✔ the definition of a domestic premises supplier covers the practice of selling, offering or agreeing to sell goods, as well as offering or contracting to supply services. You’re likely to be classed as a domestic premises supplier if you conduct such activity in the homes of your customers. A credit broker that is a domestic premises supplier is not eligible for limited permission broking.

Forex brokers debit cards

Which are the best forex brokers offering debit cards?

Not too many brokers offer a mastercard debit card for direct withdrawals from the trading account. We recommend the following four brokers for those interested in getting a broker-issued debit card and have instant access to their trading winnings:

Advantages of using a broker-issued debit card

There are several advantages of having a debit card attached to the trading account. Here are the first two benefits:

1) instant access to your winnings. You can use your winnings to make online purchases or withdraw cash from an ATM just minutes after you closed the winning trade.

2) you add a nice-looking card in your wallet and everyone will envy you for holding a forex debit card that proves you are a successful trader.

List of the best brokers accepting deposits and withdrawals via debit and credit cards

If you are only looking for some reliable forex brokers that accept deposits and withdrawals via debit and credit card here you can see our top five picks:

I am from USA. What can I do? No international forex brokers accept US customers.

We know how troublesome is for US residents to find a reliable forex broker. No international forex broker accepts US customers because of the tough US regulation and US based brokers are very expensive and ineffective since they have very little competition. On top of that, they don't even allow deposits and withdrawals via debit or credit cards.

Unfortunately, there is nothing you can do as a US resident to trade with international brokers. You must stick to one of the US-based brokers.

Yes! We have one more advise for you. Always trade with caution and never trade when tired. Don't do excessive trading and always set some targets when starting a trading session. Don't try to avenge bad trades and recover losses immediately. Stick to your general plan as it will pay off in the long run. Be a disciplined trader and you will get much better results.

Want to improve your trading results? Try the FREE FOREX VPS from XM!

Attention: trading forex or binary options involves risk. This is why you should never trade with money you cannot afford to lose.

Bad credit mortgages: which lenders accept ccjs, ivas and bankruptcy?

Discover your mortgage options if you have a less-than-perfect credit history

A bad credit history doesn’t have to end your dreams of homeownership, with lenders offering a range of deals for people who’ve had ccjs, ivas and discharged bankruptcies.

And by saving some more money and improving your credit score over time, it’s even possible to get a competitive mortgage rate.

But who will accept you for a mortgage if you’ve had some financial problems in the past? We’ve combed the terms of more than 30 lenders to help you find out which will accept borrowers with poor credit histories, and what criteria you’ll need to meet to get a good deal.

Bad credit mortgages: how many deals are available?

Last month, which? Analysed the mortgage market and found that a third of deals are available to people with a less-than-perfect credit history.

And although the vast majority of these products were limited to those who’ve had ccjs, there were some offers out there for people with historic ivas and bankruptcies, too.

Our research found that to get a mortgage with bad credit, you might need a bigger deposit than you would for a standard residential loan – with the majority of deals available at 75% loan-to-value (LTV).

This means that you’ll have the greatest choice when you’ve got a 25% deposit.

Mortgages for different types of bad credit

Lenders that will accept applications from people with bad credit generally fall into two categories:

Those that offer specific mortgages for people with bad credit. These tend to be specialist lenders that offer a suite of deals for people with credit problems.

High-street lenders that don’t offer specialist products but will consider applications from people with bad credit.

The table below shows the general criteria lenders impose for applicants with ccjs, ivas and bankruptcies.

Getting mortgages after a CCJ

A county court judgment (CCJ) is usually issued when you’ve failed to pay money you owe to lenders, and reasonable attempts to recoup the cash (such as letters and late payment notices) have been exhausted.

The good news is that there are plenty of specialist mortgages available to people who’ve had ccjs – with more than 20 lenders operating in this market.

Deals are available for people with ccjs worth up to £5,000, but to get the best rate you’ll need to have had maximum ccjs of £250 to £500.

The table below shows the cheapest initial rates on mortgages that state they are available to people with ccjs.

Max LTV	max ccjs	lender	deal type	initial rate	revert rate	APRC	fees
75%	up to £250*	atom bank	two-year fix	1.44%	4%	3.7%	£1,200
75%	up to £500	accord	two-year fix	1.69%	4.25%	4.2%	£495

_{Source: moneyfacts. 25 february 2019. *max three ccjs in last 36 months, max one in last 12 months}

Find out more: get to grips with the details in our guide on getting a mortgage with a CCJ.

Getting mortgages after an IVA

If a borrower can’t afford to pay off their debts in full, they can enter into a contract with their lender – known as an individual voluntary agreement (IVA).

Only seven lenders offer specialist deals for borrowers who have had an IVA, and to get a mortgage you’ll need to have settled (or ‘satisfied’) your IVA.

While a handful of products are available for people who have settled their ivas in the last 12 months, the vast majority of deals are only available if at least three years have passed.

The table below shows the cheapest initial rates on offer for people who have satisfied their ivas for three or four years.

Max LTV	ivas	lender	deal type	initial rate	revert rate	APRC	fees
60%	satisfied four years	skipton	two-year fix	1.59%	4.99%	4.5%	£995
75%	satisfied three years	accord	two-year fix	1.69%	4.25%	4.2%	£495

_{Source: moneyfacts. 25 february 2019.}

Your mortgage options after bankruptcy

Bankruptcy is when all of your debts are written off and your assets are sold to repay them. A bankruptcy ends with a ‘discharge’ notice, which is normally issued 12 months after the date of the bankruptcy order.

You can’t apply for a mortgage when under a bankruptcy order, and the longer ago you were discharged, the more options will be available to you. To get a competitive rate, you’ll need to have been discharged for at least three years.

The good news is that you can get a mortgage at up to 90% LTV having previously been declared bankrupt.

The table below shows the lowest initial rates available at three popular LTV levels for people who have been discharged from bankruptcy.

Max LTV	bankruptcy	lender	deal type	initial rate	revert rate	APRC	fees
60%	discharged four years	skipton	two-year fix	1.59%	4.99%	4.5%	£995
75%	discharged three years	accord	two-year fix	1.69%	4.25%	4.2%	£495
90%	discharged four years	skipton	two-year fix	2.01%	4.99%	4.7%	£995

_{Source: moneyfacts. 25 february 2019.}

How to get a mortgage with bad credit

If you have a less-than-perfect credit history, you should attempt to repair this before applying for a mortgage.

The are some steps you can take to improve your credit score over time. As a starting point, ensure you’re on the electoral roll, limit any credit applications and consistently pay any debts on time each month.

As we mentioned earlier, to get the best rates you might need to save up a bigger deposit. Owning a larger chunk of the property outright will make you a less risky proposition for lenders, and open the possibility of more choice and better mortgage rates.

Find out more: learn more about applying in our full guide on bad credit mortgages.

Credit brokers explained

What credit brokers are

How credit brokers are authorised

When credit brokers can charge you a fee

How they can use your personal information.

What is a credit broker?

Check your borrowing options

Payday loans are a very expensive way of borrowing. You may have other options such as a credit union loan, an overdraft or a social fund loan.

Make sure you’ve considered all your options before you decide to take out a payday loan.

Sometimes you may not have even been aware that you were using a credit broker. You may find you have unknowingly signed up to use their services thinking you were:

Applying directly for a loan

Using a comparison site or credit reference agency to try and find the best loan for you

Responding to marketing texts, emails or calls inviting you to take out a loan.

Is the credit broker authorised?

You can also check if the company is on a list that the FCA recommends you avoid.

Fees and charges

Watch out

If a credit broker does any of these things, this is a scam:

Asking you to pay a fee via a money transfer service such as western union or ukash

Asking you to pay more money on top of the fee, such as a transaction tax or payment protection insurance.

The credit broker has given you a written information notice setting out details of the fees, and

You’ve acknowledged and agreed to the information notice in writing. Agreeing over the telephone isn’t enough.

The information notice must tell you:

Who you’re dealing with – by including the credit broker’s legal name

That the firm is a credit broker and not a lender

How much you’ll pay or are likely to have to pay

When and how the fee will be paid.

These rules don’t apply to credit that is secured on land.

If a credit broker has charged you a fee or taken payment details from you without keeping to these rules, you can complain and get your money back.

Using your personal details

Compare brokers that accept credit cards

For our credit cards comparison, we found 3 brokers that are suitable and accept traders from united kingdom.

We found 3 broker accounts (out of 147) that are suitable for credit cards.

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About IG

Platforms

Funding methods

76% of retail investor accounts lose money when trading spread bets and cfds with this provider

City index

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About city index

Platforms

Funding methods

72% of retail investor accounts lose money when trading cfds with this provider

Admiral markets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About admiral markets

Platforms

Funding methods

83% of retail investor accounts lose money when trading cfds with this provider

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The ultimate guide to

Online forex trading account funding: credit cards

Credit cards are one of the safest and easiest methods to fund or make withdrawals from your online trading account. They are widely accepted by most online forex brokers. Brokers that are registered with the financial conduct authority (UK) will only accept credit cards from the forex account owner to prevent money laundering/fraud.

An important consideration to take if you are opening an online trading account is that mastercard do not accept refunds from spread betting or CFD trading companies.

A few things to consider before using a credit card to fund your forex account is:

If your card accepted by the broker

Do they charge fees for credit cards

Do they accept traders from your country

Are there better alternatives

What documents do they need

How long does it take for transactions

Featured forex broker that accept credit cards: ETX capital

ETX capital is a top choice for traders looking for a trusted and regulated forex broker that also accept credit card payments. Why ETX capital?:

They accept all major credit and debit cards except AMEX.

They do not charge fees for making payments or withdrawals.

Payments are processed quickly so you can start trading immediately- 1 working day.

Accept deposits in several currencies including :GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK and CHF.

Credit cards accepted by most online brokers:

Credit cards accepted by a minority of online brokers:

Credit card deposit/withdrawal fees

There is a mix of brokers who do not charge the trader any fees for making deposits/withdrawals while others charge a fee, usually around 2%. Some credit cards may also treat payments to forex brokers as cash advances rather than a regular purchase and charge a high interest rate. It would be best advised to check with your credit card provider first to see how they would view the payment. Generally using a debit card will always be free to use and may be the better option.

If you just register your card without making a payment, most brokers will make a pre-authorisation charge of 0.01p from your account. This will be reversed within a week and is only to ensure that it is a real card. This is a usual practice for businesses that require a credit card to make a reservation like hotels.

Making deposits and withdrawals

Before making any withdrawals, the brokers will generally require a few documents to verify who you are and to prevent fraud.

Required documents

- Government issued ID/passport/EU driving licenses
- Utility bill/bank statement/tax assessment showing your full name and physical address
- KYC form

Once registered payments and withdrawals are simple and take only a few days.

Usual payment/withdrawal processing times

Different brokers may have different requirement so it would be best advised to check what your chosen broker requires before you are allowed to make any withdrawals.

Broker debit cards

Some brokers will even offer their own branded mastercard debit cards such as avatrade, hotforex and XM. These cards are directly connected to your trading account and allow you to instantly withdraw funds from your account.

Why choose IG
for credit cards?

IG scored best in our review of the top brokers for credit cards, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

44+ years in business

Offers 10,000+ instruments

A range of platform inc. MT4, mac, web trader, L2 dealer, tablet & mobile apps

24/7 customer service

Tight spreads from 0.60pips

Used by 178,000+ traders.

IG offers four ways to tradeforex, cfds, spread betting, share dealing. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score. This is largely down to them being regulated by financial conduct authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust score comparison

IG	city index	admiral markets
trust score	AAA	AAA	A
established in	1974	1983	2001
regulated by	financial conduct authority and ASIC	financial conduct authority, ASIC and MAS	financial conduct authority, cysec
uses tier 1 banks
company type	private	private	private
segregates client funds

A comparison of IG vs. City index vs. Admiral markets

Want to see how IG stacks up against city index and admiral markets? We’ve compared their spreads, features, and key information below.