Forex Brokers Accepting Amex (American Express)

Written by Naylyan Nazifova
Naylyan Nazifova is a recognised expert in the online trading field. She has many publications and analysis covering forex trading, stock investing and personal finance. 
, | Updated: May 14, 2024

With brokers making sure their clients will always enjoy smooth trading sessions, deposit and withdrawal methods have become key factors determining the value of a trading website. Since credit and debit cards are often considered one of the most convenient ways to handle one’s trading funds, popular card payments like Amex (American Express) have become widely accepted at reputable brokerage websites.

1BlackBull Markets
Rating: 3.6 ⭐
2XM Group
Rating: 2.7 ⭐
72.82% of retail investor accounts lose money
3eToro
Rating: 4.2 ⭐
51% of retail investor accounts lose money
4FP Markets
Rating: 4.8 ⭐
73.85% of retail CFD accounts lose money
5Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money

If you want to join a trustworthy trading brand where you can handle both your deposits and withdrawals via your Amex card, we suggest you join any of the brokers we have reviewed below. All listed brands are licensed, vigorously regulated, and competitive enough to offer their customers the best trading conditions.

Best Brokers Accepting Amex Payments

  1. BlackBull is a reputable broker you can entrust with your investments, knowing you will always trade in a safe and fair environment. Traders can choose from a wide range of payment methods to fund their BlackBull accounts. Amex cards are also among the solutions you can utilize both as a deposit and a withdrawal option. The minimum amount you can deposit is $10, while the maximum is capped at $10,000. While deposits via Amex do not incur fees, when withdrawing to your card, you will be charged an additional $5.

  2. You can rely on XM any time you are looking for a reputable broker for your thrilling trading sessions. In addition to offering the best trading conditions, the brand also makes sure its customers will have an easy time funding their trading accounts. A wide range of methods can be discovered once traders head to the balance section of their XM accounts. Credit/debit cards are also among the supported methods, with Amex cardholders also being able to fund their XM balances and withdraw their funds to the same card.

    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.
  3. Enjoying great popularity thanks to its social trading platform and overall great trading conditions, eToro is another great destination for your trading journey. Offering a wide selection of trading instruments and an innovative proprietary platform, eToro makes sure its clients will enjoy smooth trading at any time and place. As for the funding part of the experience, traders can choose from a selection of convenient payment options, including Amex-branded cards that enable instant deposits and fairly rapid withdrawals.

    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.
  4. Members of FP Markets can be certain their trading experience will always be smooth once they decide to join FP Markets. Being one of the prominent names in this sector, this broker offers its customers a wide selection of trading assets, with tight spreads and low commissions offering traders the best value for their investments. Any time you would like to fund your account or request a withdrawal, you will be able to choose from a selection of safe, fast, and cost-effective methods, including Amex cards.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.23% 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. Launched in 2017, Fusion Markets is one of the best destinations for beginners and experienced traders. With numerous trading instruments, the broker offers its customers one of the best trading experiences online. Before you start your trading, however, you need to fund your Fusion Markets account. There is no specific minimum amount you are required to deposit, with various options, including Amex cards, allowing you to instantly top up your Fusion Markets balance.

    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.

How to Deposit via Amex

Handling your deposits at your preferred Amex-friendly broker is a cakewalk, enabling instant transactions that will allow you to start trading right away. If you have already created your trading account with the broker of your choice, you can head to the Wallet section of your account. Some broker’s websites and apps are designed to make payments even more intuitive, granting direct access to the Deposit section with a click/tap on a single button, which is easily noticed on the screen.

If this is your first time depositing into your trading account via your Amex card, you will need to provide your card details. These include the names of the cardholder, the number of the card, the expiry date of your Amex, and the CVV code. Usually, you can save your card details directly when making your first-ever Amex deposit. That will allow you to make your next Amex deposits much quicker, eliminating the need to enter your card details yet again. Enter the amount you would like to deposit and proceed with the payment.

Depending on the security measures adopted by your banking institution, you may be asked to verify your broker deposit either via a code sent over an SMS or via another verification tool. Once the payment is confirmed, the funds should appear instantly in your trading account’s balance.

Is KYC Required When Handling Your Trading Payments via Amex?

Depending on the financial regulations followed by the broker you have chosen to join, there might be some additional security measures adopted to ensure safe trading. Many properly regulated brokers will request their customers go through a standard KYC process. This may be done either upon creating your account with the broker or whenever you request your first withdrawal.

If you are using Amex for your trading deposits and withdrawals, you may be asked to provide a statement of card transactions. What is more, you should keep in mind that the card you are utilizing must be owned by you, meaning the names of the cardholder must be identical to the names of the person who has created an account with the broker.

Most brokers have implemented a variety of tools to make the KYC process easier and faster to complete. Often you may submit a picture of your documents and a selfie that will verify your trading account within a few minutes.

How to Withdraw Your Funds via Amex?

If you are enjoying decent returns on our trades, you may end up looking for the most convenient way to withdraw your funds. Luckily, the majority of brokers supporting Amex deposits will also allow you to withdraw your money to the same card you have used for your top-ups.

The withdrawal process via an Amex card is quite similar to deposits via the same method. You need to head to the Wallet section of your trading account and choose the Withdraw option. Enter the amount you would like to withdraw and either enter your Amex card’s details or choose the card from your saved payment methods. Once you confirm the payout, the broker’s team will review your withdrawal request, which is typically done in a matter of less than 48 hours. Once the withdrawal is confirmed it may take between 1 to 3 business days to receive your money.

Suitable Alternative Payment Methods

If the broker of your choice does not support Amex as a payment option and you are looking for a suitable alternative for your deposits and withdrawals, there are a few methods you can resort to. It is common for online brokers to accept other brands of credit/debit cards, with Visa and Mastercard being the most popular supported card payment solutions. That said, some brokers might accept those card types only as deposit options, forcing traders to look for another method for their withdrawals.

We believe e-wallets are a great alternative to Amex when it comes to funding your trading experience. Brands like Skrill, Neteller, and PayPal are commonly accepted by reputable brokers. You can often use your Amex card to charge money to your e-wallet account and then head to your broker profile and choose this method for your deposits. It is also possible to withdraw your money to your e-wallet account, allowing you to handle all your transactions with a single method.

Bank transfers are also a great alternative, available for a large number of traders from different countries. This method is extremely secure and easy to use and is often available for both deposits and withdrawals. One downfall of this option is the transaction speed. Deposits via bank transfers may not be instant, while withdrawals may have you wait quite a few days until you receive your money.