Forex Brokers Accepting Prepaid Cards

Written by Zornitsa Stefanova
Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.
, | Updated: May 14, 2024

Prepaid cards are a universally favored method for online payments, including for replenishing the balance of Forex trading accounts. There is a good deal of online brokers supporting this payment method. Below, we have singled out the top 10 regulated Forex brokers where you can deposit via prepaid cards.

1Tickmill
Rating: 3.4 ⭐
70% of retail investor accounts lose money
2Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
3Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
4AvaTrade
Rating: 4.5 ⭐
76% of retail investor accounts lose money
5Eightcap
Rating: 4.3 ⭐
76.09% of retail investor accounts lose money
6Libertex
Rating: 4.0 ⭐
74.91% of retail investor accounts lose money
7FP Markets
Rating: 4.8 ⭐
73.85% of retail CFD accounts lose money
8Pepperstone
Rating: 4.5 ⭐
75.5% of retail investor accounts lose money
9Swissquote
Rating: 3.6 ⭐
61% of retail investor accounts lose money
10XTB
Rating: 3.7 ⭐
80% of retail investor accounts lose money

Top 10 Brokers Accepting Prepaid Cards

  1. Founded in 2014, Tickmill offers exceptional trading conditions on Classic and Raw accounts alike, with minimum starting deposit requirements of $100 and maximum leverage for retail traders of 30:1. The brand operates globally across more than 180 countries, with 0.20 seconds average execution time and over $129 billion in average monthly trading volume. Beyond the prepaid payment solutions offered by brands such as MasterCard and VISA, Tickmill supports other trustworthy processors, including Skrill, Neteller, PayPal, and Trustly.

    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. Fusion Markets is yet another premier Forex and CFD broker, boasting spreads from 0 Pips, a maximum allowable leverage of 500:1 for professional traders, and robust regulation from the ASIC. The brand offers a convenient Spreads tool, enabling traders to check out live and historical spreads of all supported trading instruments. Fusion Markets strives to achieve excellence in every single aspect of its customers’ experience, including the implementation of various payment methods such as bank cards, cryptocurrencies, bank wires, and more.

    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.
  3. Global Prime is a top-rated broker, offering competitive spreads, no minimum account requirements, 150+ global financial instruments, and 24/7 customer support. There are no fees on deposits via bank cards and supported prepaid cards. Customers can choose to fund their accounts with more than 20 other instant and secure methods, including PayPal, Skrill, Neteller, and more. The brand is licensed and regulated by the ASIC and the VFSC and keeps customers’ funds securely in segregated accounts.

    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.
  4. AvaTrade is an award-winning broker, regulated by 9 different authorities, including the CySEC, the ASIC, and the FSCA. The company has implemented several trading platforms, including WebTrader, MT4, MT5, DupliTrade™, and AvaOptions to help traders and investors never miss favorable opportunities. AvaTrade offers tight spreads, up to 30:1 leverage, no commissions, and instant executions of trades across various asset classes such as Forex, stocks, commodities, crypto CFDs, and more. Besides bank cards and prepaid vouchers, the company supports payments via e-wallets, PayPal, and bank wires.

    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.
  5. Eightcap was founded in 2009, with its head office based in Melbourne, Australia, five offices across the globe, and robust regulation from several authorities, including the FCA and the CySEC. Customers of the broker can easily find a method that best suits their needs based on their location. Besides bank cards and prepaid solutions, payments can be processed via PayPal, wire transfers, Skrill, Neteller, cryptocurrencies, PIX, and Interac. In terms of supported trading platforms, the brand offers TradingView, MT4, MT5, and WebTrader.

    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.
  6. As part of the prominent Libertex Group, Libertex is an online broker offering CFDs on 300+ underlying assets, including Forex, ETFs, commodities, cryptocurrencies, and more. The Libertex trading platform is regulated and supervised by the CySEC, under license number 164/12. Besides the widely popular bank cards and prepaid card payments, the brand supports other payment processors such as PayPal, Trustly, Skrill, and GiroPay. As far as the available trading platforms are concerned, the broker offers MT4, MT5, and its own award-winning Libertex platform.

    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.
  7. Founded in 2005 by a team of trading experts, FP Markets has grown into one of the largest and most reputable brokers on the global trading scene. The company operates under the regulatory control of the CySEC and the ASIC, ensuring adherence to strict financial standards. FP Markets supports a wide spectrum of tradable instruments, including CFDs on 60+ currency pairs, 650+ stocks, commodities, cryptocurrencies, and indices, among others. Deposits and withdrawals will be none of your worries, with plenty of options to choose from, such as VISA and MasterCard, Skrill and Neteller, PayPal and bank wires.

    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.
  8. Established in 2010 as an Australian-based trading platform, Pepperstone has expanded over the years, turning into a global provider. The broker is authorized by multiple regulators, with some of them being the ASIC, the CySEC, and the FCA. To add or withdraw funds to their trading accounts, Pepperstone customers have a choice among a good range of processors, with some of the top methods being bank cards and supported prepaid products, PayPal, and bank wires. Transfers to and from trading accounts are cost-free.

    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.
  9. Swissquote is yet another trustworthy brokerage, renowned for its commitment to security and top-quality educational resources. It is perfectly suited for traders looking for diverse trading instruments and reliable research tools. To open their accounts at Swissquote, traders need to choose a suitable account type, provide an ID document for verification, and add funds. Customers of the brand can pick between several account types supported in multiple currencies. Swissquote facilitates trading across various asset classes, including Forex, stocks, ETFs, bonds, and cryptocurrencies.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
  10. 10. XTB

    XTB is an award-winning trading platform with 24/5 customer support, competitive spreads, and 2,300+ trading instruments. In the unlikely event of the company’s bankruptcy, customers’ funds are protected by the ICF up to €20,000 per retail client. At XTB, customers have varied options to top up their trading account, including bank transfers, bank cards, as well as Paysafecard. The broker does not impose minimum requirements, enabling customers to start trading from deposits they feel comfortable with.

    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.

How to Deposit with Prepaid Card?

Traders can successfully deposit funds to their accounts via prepaid cards by following several easy steps outlined below. Firstly, they must log in to their account, navigate to the ‘Deposit’ section, and select their preferred payment method. Since widely popular brands such as VISA and MasterCard support prepaid card solutions, traders must pick their logos and continue with the depositing process. Paysafecard is yet another favored brand offering prepaid solutions. Vouchers have a 16-digit code, which traders must fill in to make a payment. They must enter the amount they wish to deposit and fill in any further details needed to finalize the transaction.

Is KYC Required to Deposit by Prepaid Card?

Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are fundamental aspects of trading at safe and reliable brokers. Providers of Forex trading services must comply with global standards for security and must ensure their customers are not involved in fraud. They follow strict KYC procedures that usually require customers to provide ID documents, proof of address, and, in some cases, source of funds.

How to Withdraw Using Prepaid Cards?

Unfortunately, prepaid card processors normally do not support withdrawals from online merchants, including trading brokers. Prepaid vouchers are most commonly meant for processing small online purchases, and as such, moving funds in the opposite direction is not possible. Traders must pick an alternative banking solution to accomplish their withdrawals. Bank transfers, usually, are a viable alternative, with transaction processing times varying between one and five working days.

Most Popular Prepaid Card Issuers

Prepaid cards are globally available and can be obtained in-store, online, or at a particular company branch. They are a relatively simple way to pay for products and services online, without having to open a credit card or bank account. Prepaid cards are a great solution for traders to manage their funds and stay within budget. Some of the most popular brands known for issuing prepaid card solutions are VISA, Mastercard, and American Express. PayPal also offers its PayPal Prepaid Mastercard®. Last but not least, Paysafecard is yet another globally established provider of prepaid solutions, implemented by multiple trustworthy trading brokers.