| Updated: June 21, 2024If you feel confident in your trading skills and you are ready to trade with a Live Forex account, you should make sure you have sufficient amounts in your balance. While brokers tend to support various banking options, one of the most popular options is a Visa card. Below, we have covered the best Forex brokers you can join and use your Visa card to both fund your trading account and withdraw your money in a hassle-free way.
Fusion Markets74-89% of retail CFD accounts lose money
FP Markets73.85% of retail investor accounts lose money
IC Markets70.64% of retail investor accounts lose money
AvaTrade76% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
Eightcap76.09% of retail investor accounts lose money
CMC Markets71% of retail investor accounts lose money
eToro51% of retail investor accounts lose money
Global Prime74-89% of retail CFD accounts lose money
Vantage FX
Tickmill70% of retail investor accounts lose money
XM Group72.82% of retail investor accounts lose moneyComprehensive Comparison of the Top 12 Forex Brokers Accepting Visa
| Forex Broker | Min Deposit | Min Withdrawal | Fees | Max Leverage | Trading Platforms | Regulators | Trust Pilot Rating |
|---|---|---|---|---|---|---|---|
| 1. Fusion Markets | No minimum | No minimum | No fees | 30:1 for ASIC Entity (500:1 for VFSC Entity) | MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade | ASIC, FSA (Seychelles), VFSC (Vanuatu) | 4.8 ⭐ |
| 2. FP Markets | $100 (account minimum) | $5 | No fees | 30:1 (Retail)500:1 (Professional) | MetaTrader4, MetaTrader5, WebTrader, IRESS | ASIC, CySEC, FSA (Seychelles), FSCA | 4.8 ⭐ |
| 3. IC Markets | $200 (Account Minimum) | No minimum | No fees | 1:30 (European and Australian Retail Accounts); 1:500 (Pro); 1:1000 (FSA Clients) | MetaTrader4, MetaTrader5, cTrader, ZuluTrade | FSA (Seychelles), CySEC, ASIC | 4.8 ⭐ |
| 4. AvaTrade | $100 (account minimum) | No minimum | No fees | 30:1 (400:1 for Pro and Non-EU Accounts) | MetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocial | FFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC(No.406684) | 4.5 ⭐ |
| 5. Pepperstone | No minimum | No minimum | No fees | 1:30 (Retail ASIC, CySEC, FCA); 1:500 (Professional); 1:400 (CMA) | TradingView, MT5, MT4, cTrader | UK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA | 4.5 ⭐ |
| 6. Eightcap | $100 | $100 | No fees | 30:1 (ASIC, CySEC)500:1 (FSA) | MT4, MT5, WebTrader, TradingView | SCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296) | 4.3 ⭐ |
| 7. CMC Markets | No minimum | No minimum | No fees | 30:1 (Retail) 500:1 (Professional) | CMC Markets’ Next Generation, MetaTrader 4 | ASIC, MAS, FCA, BaFin, IIROC | 4.2 ⭐ |
| 8. eToro | $1 - $50 (varies in different jurisdictions) | $30 | No fees | 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 ⭐ |
| 9. Global Prime | $10 | $10 | No fees | 30:1 (Retail)500:1 (Professional) | MT4 Desktop, MT4 Webtrader, MT4 Android | ASIC (No. 385620), VFSC (No. 40256) | 4.1 ⭐ |
| 10. Vantage FX | $50 (Account Minimum) | No minimum | No fees | 1:30 (Retail)1: 500 (Professional) | MetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy Trading | FCA (license no. FRN: 590299), VFSC (reg. No. 700271), ASIC (license no. no. 428901), FSCA (license no. 51268), CIMA (no. 1383491) | 3.4 ⭐ |
| 11. Tickmill | $100 | $25 | No fees | 30:1(300:1 for Pro EU Accounts)1000:1 (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) | 3.4 ⭐ |
| 12. XM Group | $5 | $5 | No fees | 30:1 for CySEC and ASIC Entities (1000 for Other Jurisdictions) | MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ Multiterminal | FCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTC | 2.7 ⭐ |
Top 12 Brokers for Visa Deposits
When it comes to Forex trading, Fusion Markets ranks as one of the top retail brokers offering competitive conditions to their clients. With more than 80 currency pairs to trade, Fusion Markets is a strong competitor in the Forex scene. The brand offers its clients the chance to open a Classic Account that comes with no commission or opt for a Zero account that reduces cost by providing spreads starting as low as 0.0 pips. For customers of Islamic belief, the broker offers a Swap Free Account, providing the same competitive prices as the Standard and Zero accounts. As for the payments of traders, Fusion Markets has adopted a range of convenient banking solutions, including credit/debit cards by Visa that allow fast, secure, and fee-free deposits and withdrawals.
Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.- 2. FP Markets
If you are exploring your Forex broker options, we suggest checking FP Markets, which is a leading retail broker, enabling fast executions, low prices, and over 70 currency pairs to trade on advanced platforms like MT4, MT5, and cTrader. You can choose between a Standard and Raw account type, with each of them offering different perks that you may appreciate. Since FP Markets is regulated by several tier-1 authorities, you can be certain that you will always trade in a secure and fair environment. Traders also have the chance to manage their trading funds in a safe manner, using their Visa cards to instantly top up their accounts and withdraw their money in no time.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - 3. AvaTrade
You can enjoy a superb trading experience when you join AvaTrade, which is one of the best brokers you can find online. Offering its customers the chance to trade Forex CFDs and Forex options, AvaTrade is a top market maker that offers highly competitive prices to its clients. Muslim traders who cannot pay or receive swaps can open an Islamic Account and still trade numerous pairs with very competitive spreads. For their funding journey, traders who opt for Live Account trading can choose from several secure banking options, with Visa cards also being accepted as a deposit and withdrawal method.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Pepperstone
With Pepperstone, you are allowed to shape your trading experience to fit any preference of yours. You can trade Forex CFDs, choosing between a Standard Account that comes with zero commission attached to your trades. Alternatively, you may opt for a Razor account that does charge a small fee but ultimately reduces pricing by offering lower spreads that start from 0.0 pips on major currency pairs. Trading with Pepperstone is budget-friendly as the broker does not charge any fees on deposits or withdrawals carried out via bank cards. You can easily fund your account via your Visa card and withdraw your profits using the same method.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% 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. - 5. IC Markets
IC Markets is a leading online brokerage, offering its customers the chance to trade CFDs on numerous instruments, including major, minor, and exotic currency pairs. Forex traders will be glad to know that IC Markets offers several account types that may offer the best conditions for different types of investors. The Standard account variant is enabling zero-commission trades, with spreads starting from 0.8 pips. Meanwhile, there is a Raw account option that imposes small commissions on trades but the spreads start as low as 0.0 pips, ensuring better trading prices. Traders can fund any of their IC Markets accounts via several secure options, with Visa cards being one of the popular methods used for both deposits and withdrawals at IC Markets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% 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. Vantage FX
Traders looking for competitive prices on various currency pairs can check the trading conditions of Vantage. Operating since 2009, this retail broker strives to offer the best trading experience to its customers, with multiple account options catering to the needs of different traders. A Standard account will allow Forex trades with competitive spreads and no commission. Meanwhile, the Raw accounts will charge a small commission but will enable lower pricing through tighter spreads. Swap Free and Professional accounts will also be available to Vantage clients. Payments are carried out smoothly, allowing traders to pick from several methods, including credit/debit cards powered by Visa.
- 7. CMC Markets
CMC Markets gives you several reasons to choose the brand for your next Forex trades. You will have the chance to trade CFDs on over 330 currency pairs, with residents of certain countries also being able to trade Forex pairs on CMC Markets’ spread betting platform. Competitive spreads and commissions do offer members of the broker some of the best trading conditions online. While traders can opt for a free demo account before they risk real money, they can easily open a Live Account, with Visa cards being one of the several convenient methods you can use to fund your CMC Markets account.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. - 8. Tickmill
At Tickmill, traders are able to choose from a range of options for their trading accounts, allowing them to tailor their Forex experience to fit all of their preferences. You can start by trying the Demo account option and then opt for live trading with any of Tickmill’s trading platforms. You can open a Standard account and trade with zero commission or opt for a Raw account that will allow you to trade major currency pairs with tighter spreads that start from 0.0 pips. If you are ready to fund your account and start trading, you will be able to pick from several methods that enable smooth payments. Visa cardholders can instantly top up their Tickmill accounts and receive their money within one business day after requesting a Visa card withdrawal.
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. - 9. Global Prime
If you have decided to trade Forex with Global Prime, you will be given access to a wide range of tradable instruments, including major, minor, and exotic currency pairs. The broker offers its clients the option to open a Demo account and then opt for a Standard or Raw account once they feel confident enough to trade with real funds. There is no set minimum deposit to start trading with Global Prime, giving you the freedom to start with smaller trades. As for the method you can select for your deposits and withdrawals, you can resort to credit/debit cards by Visa or Mastercard, crypto, or e-wallets. Visa payments are fast and secure, and will not incur any fees charged from the broker.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017. - 10. Eightcap
If you are looking for a way to make your Forex trades fast, smooth, and secure, you may want to check the trading conditions at Eightcap. This retail broker launched its trading services in 2009 and is currently one of the best brands to trade with. You will be able to pick from over 800 tradable instruments, including Forex CFDs. You can pick from several account variations, with no commissions and tighter spreads being some of the features incorporated in the different Eightcap accounts. When you wish to deposit into your Eightcap balance, you will see Visa among the supported options. This method enables instant deposits and fast withdrawals, allowing traders to handle all their trading payments, paying no additional fees on their transactions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% 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. - 11. eToro
Probably one of the more popular broker brands for social trading, eToro is a great destination for a wide range of traders. With multiple instruments to trade, including more than 40 global currency pairs, eToro offers competitive prices and fair trading conditions to all of its customers. With a proprietary platform, eToro offers a smooth trading experience across various devices. As for the funding part of your trading journey, you will be able to pick from several convenient methods, with Visa cards being one of them. Whether it is about depositing funds or withdrawing your profits, eToro will allow you to handle all of your Visa transactions in a fast, safe, and budget-friendly manner.
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. - 12. XM Group
XM has also earned its spot on our list of top-rated Forex brokers as it truly offers some of the best conditions for Forex traders. With multiple account versions, including a micro account available to residents of some jurisdictions, XM caters to the preferences of both retail and professional traders. Members of the broker will be able to trade more than 50 global currency pairs with the leverage maximums available in each jurisdiction. To help traders handle their trading balance with ease, XM supports various payment solutions, including credit/debit cards issued by Visa. This method enables instant deposit into your XM account as well as fast and secure withdrawals whenever you are ready to cash out your trading profits.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% 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 with a Visa Card?
If you are about to make your first deposit via your Visa credit/debit card, you may be required to go through a few simple steps. To fund your forex trading account, you should load the wallet page and choose the Deposit option. Enter the amount you would like to deposit and provide your card details, including the cardholder’s name, card number, expiration date, and the CVV code on the back of the card. Usually, broker websites support the option to save your card details so you can spare yourself the inconvenience of going through this step every time you initiate a deposit into your trading account.
Usually, after you choose to proceed with the payment, you will be asked to verify the payment which is typically done through a one-time password that is sent over a text message to your phone. After you confirm the deposit, the money should appear instantly in your trading account.
Is KYC required to deposit via a Visa card?
Depending on the regulator overseeing the broker’s operations in your respective country, you may be asked to go through a Know Your Customer (KYC) process. This is typically required to be done before you make any payments into your trading account. KYC is a standard security measure implemented by any reputable broker licensed by top-tier regulators.
In addition to the standard KYC process, you may be asked for additional information if you use a Visa card for your deposits. The first time you request to deposit funds via your debit/credit card by Visa, the broker may request a picture of both sides of your Visa card. Typically, you will be asked to cover all but the last four digits of your card’s number to protect any sensitive information. It often takes a few minutes but it may also require longer for the broker’s team to confirm the validity of your Visa card. After this security step is complete, the money should appear instantly in your trading account.
How to withdraw using a Visa card?
If you have funded your trading account via a Visa card, you will also have the chance to withdraw money from your trading balance to your credit/debit card. The process of withdrawing money to your Visa card is very similar to depositing into your trading account via your credit/debit card.
Whenever you wish to withdraw funds from your trading balance, you need to load your wallet and pick the withdrawal option. If you have already saved your card’s details, you can go ahead and simply pick it from the available withdrawal options. Enter the amount you wish to withdraw and confirm the payout. It should be noted that withdrawals via Visa cards are not as fast as deposits since the broker’s team must first approve your withdrawal request.
Each broker has a different processing time but it rarely should take longer than 48 hours for the approval of the transaction. If you request to receive your trading funds into your Visa card, it may take around 2-3 business days to receive your money. That said, some brokers will process the transaction in just one day after the withdrawal is approved.
Suitable Alternatives to Visa Cards
While Visa cards are widely accepted as a payment method across numerous reputable Forex brokers, some traders might be looking for alternative payment solutions when funding their accounts and withdrawing their profits. If you do not own a Visa card, chances are, you can use a credit/debit card from another popular card issuer like Mastercard or Amex. The payment processes via any of these cards are identical to Visa deposits and withdrawals. That way, traders can handle their trading payments in a hassle-free way.
While credit/debit cards are extremely convenient to use, some traders may not appreciate the fact they will need to share their card details with the broker they trade with. Despite card issuers implementing a range of security measures to ensure one’s safety while paying online, some people prefer banking methods that offer an additional layer of protection. For these types of investors, we suggest resorting to e-wallets like Skrill, Neteller, PayPal, and more. They will allow traders to instantly fund their trading accounts and withdraw their funds without exposing any type of sensitive information.
Bank transfers and wire transfers are also often accepted as payment solutions at numerous retail broker websites. Since you are using the service of the bank you know and trust, you can be sure that your payments will be properly protected. That said, it should be noted that standard bank transfers may sometimes be slower compared to other deposit/withdrawal options. Despite that, if you are looking for a good alternative for your trading account payments, bank and wire transfers are suitable options to resort to.