| Updated: August 28, 2024Whenever you are looking for a trustworthy retail broker accepting Trustly payments, you can trust the brands we have covered below. The brokers we have reviewed are all regulated by reputable authorities, ensuring fair and secure trading for their customers. As for the payment process, the brokers below make sure traders can handle their funds via Trustly as well as a range of other convenient banking options.
Capital.com75% of retail investor accounts lose money
eToro51% of retail investor accounts lose money
Plus50080% of retail investor accounts lose money
Oanda72% of retail CFD accounts lose money
Libertex74.91% of retail investor accounts lose money
Tickmill70% of retail investor accounts lose moneyForex Brokers Accepting Trustly Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Capital.com | 10,796 | 4.3 ⭐ |
| 2. eToro | 24,180 | 4.2 ⭐ |
| 3. Plus500 | 13,613 | 4.1 ⭐ |
| 4. Oanda | 791 | 4.1 ⭐ |
| 5. Libertex | 9,406 | 4.0 ⭐ |
| 6. Tickmill | 541 | 3.0 ⭐ |
Comprehensive Comparison of the Top 6 Forex Brokers Accepting Trustly
| Forex Broker | Min Deposit | Min Withdrawal | Fees | Max Leverage | Trading Platforms | Regulators | Trust Pilot Rating |
|---|---|---|---|---|---|---|---|
| 1. Capital.com | €20 | €50 | None | 1:30 (Retail)1:300 (Professional) | MetaTrader 4, TradingView | ASIC, FCA, CySEC, SCB, MiFID | 4.3 ⭐ |
| 2. eToro | €50 (€100 first-time deposit) | €30 | €5 | 1:30 (FCA, ASIC, CySEC); 1:50 (FINRA); 1:500 (FSA) | eToro Investing, eToro App, TradingView, eToro CopyTrader | FCA, CySEC, ASIC, MFSA, ADGM, FSA, FINRA/FinCEN | 4.2 ⭐ |
| 3. Plus500 | €100 | €100 | €10 for withdrawals below the minimum threshold | 1:30 (1:300 for Professional Accounts) | Proprietary desktop and mobile platforms | FSA (No.4.1-1/18), FCA (No. FRN 509909), CySEC (No.250/14), FMA (No.47546), SFSA (No. SD039), MAS (No. CMS100648), DFSA (No. F005651), ASIC (No. 417727) | 4.1 ⭐ |
| 4. Oanda | €25 | - | €20 to €35 for bank transfer withdrawals | 1:30 (Europe)1:50 (US)1:20 (Singapore) | MT4, TradingView, Oanda Web | FCA, CFTC, KNF, MAS, IIROC, MASASIC, FSA (Japan), FSC (British Virgin Islands) | 4.1 ⭐ |
| 5. Libertex | €10 (€100 initial deposit) | €10 | €1 for card withdrawals, €2 to €10 for bank transfer withdrawals | 1:30 (EU)1:1000 (Non-EU) | Libretex Trading Platform, MT4, MT5 | CySEC (CIF Licence number 164/12), BaFin (BaFin ID: 10161686 / Bak No.: 161686) | 4.0 ⭐ |
| 6. Tickmill | €100 | €25 | None | 1:30(1:300 for Pro EU Accounts)1:1000 (Non-EU Accounts) | MT4, MT5, WebTrader, ZuluTrade | CySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464) | 3.0 ⭐ |
Top Brokers Accepting Trustly
- 1. Tickmill
Tickmill is a retail broker offering financial services to its customers since 2015, catering to thousands of traders spread across multiple countries. The market selection of Tickmill covers forex, stocks, commodities, crypto, and other popular trading assets. The brand is regulated by top-tier authorities like FCA, CySEC, BaFin, and more, proving you can always enjoy fair and secure trading conditions as long as you trade with Tickmill. Payments are smooth, fast, and secure, allowing traders to pick from various options, including Trustly. The instant banking solution enables instant deposits that can start from €100. Meanwhile, the minimum withdrawal amount is €25, allowing traders to enjoy their money within 24 hours.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 2. eToro
If you are looking for a reliable trading platform, offering competitive pricings, you may want to join eToro and try its purpose-designed proprietary platform. The brand is equally generous towards inexperienced traders and professional investors. Regulators like FCA, CySEC, ASIC, and FSA monitor the operations of the brand, ensuring top-notch trading for every trader. Deposits are possible through various payment systems, including instant banking via Trustly. The method enables instant deposits of up to $40,000. Those who have used Trustly for their deposits can also request withdrawals via the same banking solution.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. - 3. Plus500
If you decide to join Plus500 for your trading activities, you will be pleased to know that the brand is offering competitive spreads and low commissions to its customers, with professional traders also having the chance to enjoy the best value for their trades. Plus500 has been authorized to operate by top-tier regulators like FCA, ASIC, CySEC, and FSA. Whenever you are ready to fund your real-money account at Plus500, you can pick from a range of reliable methods. Trustly can also be utilized for instant deposits and extremely fast withdrawals processed directly to your bank account.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 4. Oanda
Founded in 1996, OANDA has grown to be one of the most prominent names in the global trading industry. Offering its customers access to thousands of instruments through some of the most popular trading platforms, OANDA is definitely a great choice for any trader. Managing one’s trading capital is an extremely easy process, with Trustly being one of the supported payment options one can use, especially if this is going to be their very first deposit. The minimum you can deposit via this instant banking solution is €25 and the best part is that the money will be transferred instantly to your trading account. You may also request withdrawal via Trustly, allowing you to enjoy your money in no time.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.72% of retail investor accounts lose money when trading CFDs with OANDA TMS Brokers S.A.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 5. Capital.com
Placing orders on various trading instruments is always a cakewalk for members of Capital.com, which is one of the leading retail brokers you can join online. Covering markets like forex, shares, indices, crypto, and more, Capital.com can offer any type of trader a smooth trading experience thanks to popular platforms like MT4 and TraderView. Whenever traders are looking for the most convenient options for their deposits, they can resort to the payment solution of Trustly. It will allow them to instantly top up their trading wallets straight from their online banking accounts. Meanwhile, funds can easily be withdrawn via the same method, enabling extremely easy management of one’s trading balance at Capital.com.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 6. Libertex
Libertex is a retail broker that makes sure that its clients will always be able to trade in a safe, fair, and cost-effective environment. That is why you can explore tight spreads and low commissions on a vast range of trading products, distributed across markets like stocks, forex, crypto, metals, and indices. Regulators like CySEC and BaFin monitor the services provided by Libertex, ensuring proper trading conditions for customers of the broker. To cater to every trader, the company supports a wide range of payment solutions, including Trustly. This instant banking service enables instant deposits and extremely fast withdrawals, allowing investors to handle all of their payments with a single method.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
How to Deposit via Trustly
Whenever you wish to fund your forex trading account via Trustly, you can complete the process within a few seconds. There is no need for prior registration as you will need your online banking credentials to confirm the payments. All you need to do is head to the deposit section of your trading account and choose Trustly as your payment method. Enter the amount you would like to fund your account with and hit the button that will allow you to proceed with the payment. You will be redirected to a page asking you to choose your bank.
The next step is to enter your online banking credentials so you can log in and verify the payment. Depending on your online banking security features, you may be asked to verify the transaction by providing a code sent to you via SMS. Some online banking apps have their own methods for verification that may ask for a PIN code or some sort of biometry. Once you confirm the payment, the funds should be instantly available in your trading balance.
The thing that makes Trustly an extremely convenient payment solution is the straightforwardness of the method, requiring no further registration, no prior funding, and no additional steps to ensure the safety of your money.
Is KYC Required When Depositing via Trustly?
Depending on the broker’s policy and regulatory requirements imposed by the authority monitoring the company’s operations, you may be asked to go through a standard KYC procedure. Some forex brokers may ask you to provide certain documents to verify your identity as soon as you open your account. Others may ask you to follow the KYC procedure whenever you request your first withdrawal.
The good news is that Trustly payments do not require additional KYC processes as your identity is verified as soon as you make your first deposit using your online banking details. As soon as you confirm your Trustly payment using your online banking credentials and respective authentication methods, you are good to go.
How to Withdraw via Trustly?
The availability of Trustly as a withdrawal method may differ according to the broker’s payment policy. That said, if you are allowed to cash out your trading funds via the service, you can quickly receive your money into your bank account. You can start the withdrawal process by heading to the wallet section of your trading account and selecting the withdrawal option. Enter the amount you would like to withdraw and select Trustly as your payment method. Confirm the sum you would like to cash out and click on the button that will allow you to proceed with the payment. In most cases, as soon as the withdrawal is confirmed the money appears instantly in customers’ bank accounts.
Popular Alternative Payment Methods for Trading Deposits and Withdrawals
While Trustly is a convenient way to handle your trading funds, it may not be available at the broker you have chosen to join. That is not to say that you cannot still fund your trading balance in a safe and secure way as there are several convenient options you can resort to.
While Trustly may not be supported, if you see Instant banking as an available payment option, you may use similar services to deposit to your trading account as well as withdraw your trading funds. Keep in mind that Trustly may also be listed as a supported option under the general umbrella term “Instant Banking”.
E-wallets are a great alternative to Trustly, allowing traders to instantly top up their accounts and enjoy the money they have withdrawn from their trading balances often within 24 hours after they have requested the cash out. Skrill, Neteller, and PayPal are some of the most commonly supported e-wallets you can use at most reputable brokers. This method still allows traders to keep their sensitive banking information private as they will use their e-wallet credentials to verify the payments.
| How Trustly Measure Against Other Payment Categories at Forex Brokers | ||||
|---|---|---|---|---|
| Trustly | Skrill | Neteller | PayPal | |
| Supported Countries | 33+ | 100+ | 100+ | 196 |
| Supported Currencies | 10+ | 40+ | 40 | 25 |
| Funding Options | 12K connected banks | Trustly, Przelewy (P24), Rapid Transfer, credit/debit card, Paysafecard, Sofort, ePay, bank transfer, iDEAL, PIX, Multibankco, myBank | Bank transfers, bank cards, Paysafecard, Trustly, iDEAL, Rapid Transfer, etc. | Bank transfers, bank cards |
| Transaction Limits | None; Merchants have their own regulations with regard to transaction limits. | From $3,000 to unlimited for verified accounts | Up to $50,000 depending on account status | $0.01 – $60,000 per transfer |
| Funding Fees | None | 0% for the US; 0-5% for the UK; 0-5% for Australia; 0-5% for Europe | 0-2.5% | $1.95 / €1.50 to link card |
| Currency Conversion Fees | Based on a reference currency exchange rate provided by Oanda, to which Trustly adds an FX fee, displayed prior to authenticating the transaction. | 3.99% | 3.99% | 2.5 % – 3.5% |
| Security Features | SSL, 2 FA | SSL, 2 FA, Biometric authentication | SSL, 2 FA, Biometric authentication | SSL, 2FA, Biometric authentication, passcode |
| Mobile Compatibility | Web-based mobile app | Android 7.0; iOS 14.0 | Android 7.0; iOS 14.0 | Android 6.0 and up; iOS 14.0 |
| Deposit Timeframe | Instant | Instant | Instant | Instant |
| Withdrawal Timeframe | Within 24 hours | Within 24 hours | Within 24 hours | Within 24 hours |
| Trading Transactions Fees | Free | Free | Free | Free |
Below you can find some alternatives of Trustly that you may use
- Paypal Forex Brokers
- Prepaid cards Forex Brokers
- Debit and Credit Cards Forex Brokers
- Visa Forex Brokers
- Crypto Forex Brokers
- Bitcoin Forex Brokers
- Wire transfer Forex Brokers
You always resort to the good-ol credit/debit card payments, with most brokers supporting both deposits and withdrawals via cards issued by Visa and Mastercard. Deposits via bank cards are instant, while withdrawals may have you wait between 1 and 3 business days until you receive your money.