As brokers strive to ensure a smooth trading experience for their clients, deposit and withdrawal options have become crucial in assessing a platform’s overall value. Credit and debit cards are widely regarded as practical methods to manage trading funds, which is why popular card brands like American Express (Amex for short) are accepted by an increasing number of reputable brokers.
In this article, we explore forex brokers that accept American Express (Amex), including detailed insights into their minimum deposit and withdrawal requirements, transaction fees, maximum leverage, regulatory status, and Trustpilot rating.
Forex Brokers Accepting Amex Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. FP Markets | 9,422 | 4.9 ⭐ |
| 2. BlackBull Markets | 2,681 | 4.8 ⭐ |
| 3. Fusion Markets | 4,873 | 4.8 ⭐ |
| 4. eToro | 29,171 | 4.2 ⭐ |
| 5. XM Group | 2,787 | 2.7 ⭐ |
Comprehensive Comparison of the Top 4 Forex Brokers Accepting Amex
| Forex Broker | Min Deposit | Min Withdrawal | Fees | Max Leverage | Trading Platforms | Regulators | Trust Pilot Rating |
|---|---|---|---|---|---|---|---|
| 1. FP Markets | $100 | $0 | None for cards; 1% for e-wallets, up to $30 | 1:30 for retail clients1:500 for professional clients | MetaTrader 4, MetaTrader 5, WebTrader, IRESS, cTrader, TradingView | ASIC, CySEC, FSA (Seychelles), FSCA, FSA (St. Vincent and the Grenadines), SCB (Bahamas), FSC (Mauritius) | 4.9 ⭐ |
| 2. Fusion Markets | $10 | $10 | $20 to $30 for international bank transfers | 1:30 for the ASIC entity (1:500 for the VFSC entity) | MetaTrader 4, MetaTrader 5, cTrader, DupliTrade, Fusion+ Copy Trading, TradingView | ASIC, FSA (Seychelles), VFSC (Vanuatu) | 4.8 ⭐ |
| 3. eToro | $10 | $30 | $5 per withdrawal | 1:30 (FCA, ASIC, CySEC); 1:400 (FSA) | eToro Investing, eToro App, TradingView, eToro CopyTrader, proprietary platform | FCA, CySEC, ASIC, MFSA, FSRA, FSA, FINRA/FinCEN, AMF, SEC, GFSC | 4.2 ⭐ |
| 4. XM Group | $5 ($10,000 for share accounts) | $5 ($10,000 for share accounts) | International bank transfers under $200 may incur fees. | 1:30 for CySEC and ASIC entities (1:1000 for other jurisdictions) | MetaTrader 4, MetaTrader 5, MT4 WebTrader, MT5 WebTrader, MT4 MultiTerminal, XM App | CySEC (license no. 120/10), FSC Belize (license no. 8557558), FSC of Mauritius (GB23202700), FSA Seychelles (SD190), DFSA (ref. no. F003484), FSCA (49976), SCA (20200000322), CMA (233), EU passporting registrations: BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA (Finland), KNF, AFM, FI | 2.7 ⭐ |
The following are trustworthy trading brands that can handle deposits and withdrawals via Amex cards. All listed brands are licensed and regulated, offering competitive trading conditions.
Best Brokers Accepting Amex Payments
Founded in 2017, Fusion Markets is one of the best destinations for beginners and experienced traders. With over 250 tradable markets, the broker offers its customers one of the best online trading experiences online.
Before you start trading, however, you need to fund your Fusion Markets account. When our team tested the broker’s funding options, we verified that there was no specific minimum deposit requirement. Several payment methods, including Amex cards, allowed us to top up our Fusion Markets balance instantly. Fusion Markets does not charge additional fees for Amex deposits.
We also confirmed that Amex supports both deposits and withdrawals. Withdrawal requests are processed either on the same day or the next day, depending on when they are submitted. We received our funds within 2 business days, while the standard timeframe ranges from 1 to 7 days. The broker’s minimum withdrawal amount is $1. Since Amex availability depends on the specific Fusion Markets entity, the trader’s country of residence, and applicable regulations, we advise users to confirm regional card availability with the broker’s support team.
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
As an established broker in this sector, FP Markets provides customers with access to more than 10,000 tradable assets, tight spreads from 0.0 pips, and low commissions of $3 per side, delivering competitive value for traders.
When funding an account or requesting a withdrawal, users can choose from several safe, fast, and cost-effective methods, including credit cards. During our real-money tests on the platform, we confirmed that the minimum card deposit is $50, with no additional processing fees charged by the broker.
We also verified that credit cards are available for withdrawals, again with no further internal fees. However, additional payment provider charges may apply and are outside the broker’s control. In line with FP Markets’ internal rules, our first withdrawal was processed back to the same card and for the same amount as our initial deposit. Credit cards are supported across all FP Markets entities, although traders should check with customer support which specific card brands are available in their jurisdiction.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.33% 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. XM Group
Established in 2009, XM is a multi-regulated forex broker that offers access to more than 1,400 financial instruments through a well-rounded trading environment. Account types vary across the broker’s global entities, and the minimum deposit and withdrawal amount is typically $5. However, the exact minimum depends on the selected payment method.
Several payment methods are available in the balance section of XM accounts. Credit and debit cards are among the supported options, with Amex users able to fund their XM balance and withdraw funds to the same card. Bank transfers, local transfers, and several e-wallets are also available. When we deposited it into our account, the amount was instantly reflected in our balance, with no additional fees charged by the broker. XM also covers transaction fees for international bank wires above $200. Card withdrawals are typically processed within 2 to 5 working days.
Another important consideration for credit card users is that this payment method may be restricted in some countries due to local regulations or independent card issuer policies. We advise traders to view the exact payment methods available in their region by logging into the XM Members Area or contacting customer support.
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. - 4. eToro
Active in the financial sector since 2007, eToro is known for its social trading features, proprietary platform, and selection of more than 7,000 instruments. The broker offers trading across multiple jurisdictions and asset classes, including stocks, crypto, ETFs, indices, commodities, and forex.
During our funding tests, after registering through eToro’s proprietary platform, we could choose from several convenient payment options, including credit cards supporting instant deposits and fairly rapid withdrawals. Deposits are fee-free, but withdrawal fees and currency conversion charges may apply. Deposit minimums vary by jurisdiction. For credit cards, the minimum is usually $50, or $200 in select regions. The maximum credit card transaction amount is $40,000.
The broker accepts card payments only from cards with a three-digit CVV code that also support withdrawals, as eToro typically returns funds to the original deposit method in line with regulatory requirements. Credit card transactions are restricted in select countries, depending on local rules that limit or ban their use for funding trading accounts.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% 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. BlackBull is a regulated broker offering secure trading services and three main account structures: ECN Standard, ECN Prime, and Prime+. Traders can choose from a wide range of payment methods to fund their BlackBull accounts, including e-wallets, bank cards, and bank transfers. Amex cards are also available in select countries as both a deposit and withdrawal option. During our live funding tests, we confirmed that the minimum deposit was $10, while the maximum was capped at $10,000.
Amex deposits do not incur fees. However, ECN Standard and ECN Prime users are charged an additional $5 when withdrawing to their cards. Amex deposits normally take 1 to 2 business days to process, while withdrawals are processed instantly after approval.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
How to Deposit via Amex
Handling your deposits at your preferred Amex-friendly broker is straightforward, enabling instant transactions that allow you to start trading promptly. Moreover, the majority of brokers impose zero fees charged on deposits carried out via Amex cards.
If you have already created your trading account with the broker of your choice, depositing is straightforward.
- Log in to your account and head to the Wallet section. Some broker 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 that 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.
- After entering the deposit amount, you will proceed with the payment. Depending on the security protocols 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 transaction is approved, the funds should immediately appear in your trading account’s balance. It is also worth noting that usually, you can save your card details directly when making your initial Amex deposit. That will allow you to make your next Amex deposits much quicker, eliminating the need to enter your card details yet again.
Is Know Your Client (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 that 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. Note, the card you are utilizing must be owned by you, meaning the names of the cardholder must coincide with the name of the person or entity that 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 minutes.
How to Withdraw Your Funds via Amex?
If you are seeking to withdraw your funds after trading, you may look for the most convenient withdrawal method. Luckily, the majority of forex 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 similar to deposits, with Amex payouts often incurring no fees charged by the broker.
- To start with the withdrawal process, you need to head to the Wallet section of your trading account and choose the Withdraw option.
- Enter the amount you would like to receive 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. It may take between 1 to 3 business days to receive your money after approval.
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 commonly 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.
Maestro debit cards are also accepted by some brokers, but these cards are being gradually phased out, a process that started in early July 2023. Existing Maestro cards issued before that date will remain valid until their expiration, with a final deadline for all cards set for July 1, 2027.
E-wallets offer an alternative to Amex for funding trading accounts. 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 navigate 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 another suitable option, available to a large number of traders from different countries. This method can be extremely useful when card payments are only available for deposits, but it can usually be utilized for both deposits and withdrawals. Since traders are utilizing the services of the banking institutions they know and use regularly, payments to and from Forex brokers will be properly protected. One drawback of this option is the transaction speed. Deposits via bank transfers may not be instant, while withdrawals may require you to wait between 3 and 7 business days, sometimes even longer.






