Naylyan NazifovaNaylyan Nazifova is a Financial Research and Platform Testing Analyst at BestBrokers.com, where she reviews and tests online brokers across forex, stocks, investing and personal finance. Her experience in online trading content and broker analysis helps readers understand how platforms perform in practice, including their trading tools, fees, ease of use and suitability for different types of investors.
| Expert Editor 
Eugene Lee, CFA
Eugene Lee, CFA, is the Head of Research at BestBrokers.com, where he draws on more than two decades of experience in global markets, portfolio management, derivatives, and fintech to evaluate online brokers. His background in institutional investing and quantitative research helps ensure that broker reviews are based on data, risk assessment, and real-world trading conditions. 
| Updated: Trustly is a bank-to-bank payment processor that enables users to transact directly from their online banking accounts. The method is supported by thousands of banks across 33 countries. It is available at more than 9,000 merchants, and some online forex brokers also accept it for deposits and withdrawals. This article covers the leading brokers that enable transactions with Trustly. Many of the featured brokers have competitive minimum deposit requirements and charge no additional fees for Trustly deposits. This review also covers their regulatory background, range of tradable markets, pricing structure, leverage ratios, platform availability, and other key factors.
Capital.com69% of retail investor accounts lose money when trading CFDs with this provider.
Oanda72% of retail CFD accounts lose money
Tickmill70% of retail investor accounts lose money
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.
Libertex83% of retail investor accounts lose money
eToro52% of retail investor accounts lose moneyForex Brokers Accepting Trustly Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Capital.com | 13,311 | 4.6 ⭐ |
| 2. eToro | 29,171 | 4.2 ⭐ |
| 3. Plus500 | 17,312 | 4.2 ⭐ |
| 4. Tickmill | 1,077 | 4.1 ⭐ |
| 5. Oanda | 1,150 | 4.1 ⭐ |
| 6. Libertex | 9,566 | 3.9 ⭐ |
Comprehensive Comparison of the Top 6 Forex Brokers Accepting Trustly
| Forex Broker | Min Deposit | Min Withdrawal | Fees | Max Leverage | Trading Platforms | Regulators | Our Score |
|---|---|---|---|---|---|---|---|
| 1. Capital.com | $/€20 | $/€50 | None | 1:30 (Retail)1:500 (Professional) | MetaTrader 4, MetaTrader 5, TradingView | ASIC, FCA, CySEC, SCB, SCA (UAE), FSA | 4.06 ⭐ |
| 2. Oanda | €25 | N/A | €20 to €35 for bank transfer withdrawals | 1:30 (Europe)1:50 (US)1:20 (Singapore) | MT5, TradingView, OANDA Web, OANDA Mobile, fxTrade | FCA, CFTC, KNF, MAS, CIRO, ASIC, FSA (Japan), FSC (British Virgin Islands), MFSA | 3.95 ⭐ |
| 3. Tickmill | €100 | €25 | None | 1:30(1:500 for Pro EU Accounts)1:1000 (Non-EU Accounts) | MT4, MT5, WebTrader, ZuluTrade, TradingView | 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), DFSA (F007663) | 3.88 ⭐ |
| 4. 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), SVGFSA (No. 1278), FSCM | 3.58 ⭐ |
| 5. Plus500 | €100 | €100 | €10 for withdrawals below the minimum threshold | 1:30 (1:300 for Professional Accounts). Professional clients lose their ICF rights. | 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), BaFin registration, SCB (SIA-F250) | 3.56 ⭐ |
| 6. eToro | €50 (€100 for first-time deposits) | €30 | €5 | 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 | 3.24 ⭐ |
Top Brokers Accepting Trustly
- 1. Capital.com
Capital.com serves over 800,000 traders worldwide and holds licenses from CySEC, FCA, ASIC, SCB, and SCA. Customers have access to over 5,000 financial instruments, including forex, indices, stocks, and cryptocurrencies. The broker supports industry-standard platforms, including MT5, MT4, and TradingView. Deposit methods include debit and credit cards, PayPal, Neteller, Skrill, iDEAL, and Volt.
Our hands-on review confirmed that Trustly payments are available in Denmark, Finland, France, Germany, the Netherlands, Poland, and Sweden. We opened a live retail account, where the minimum deposit requirement was $/€20.
Our first deposit took five business days to reach our balance, which was much longer than the instant processing usually associated with Trustly. We avoided delays on later deposits by contacting Capital.com’s support team and providing proof that the broker’s bank account had received the funds. The broker charged no deposit fees.
Trustly withdrawals required a minimum of $/€50 and incurred no fees. Our requests were processed within 24 hours, although the funds took several days to reach our bank account, which remained within the broker’s stated maximum timeframe of five business days.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. Please refer to our Risk Disclosure Statement. - 2. Oanda
Founded in 1996, OANDA operates globally and holds licenses from the FCA, KNF, ASIC, MAS, and CIRO. Customers can access over 1,700 markets through platforms such as MT5 and TradingView. The broker accepts payments via Visa, Mastercard, TrueLayer, online banking, and bank transfers.
The minimum deposit is €25, and no minimum balance is required to register and maintain a live account. Deposits via instant banking are capped at €50,000 per transaction. Supported base currencies include EUR, GBP, CZK, and USD.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. - 3. Tickmill
Tickmill has been operating since 2014 and serves over 620,000 traders in more than 180 countries. The broker offers access to over 600 financial markets, including 60 forex pairs, stocks, commodities, cryptocurrencies, indices, bonds, and exchange-traded funds. The company holds licenses from the FCA, CySEC, FSA, and FSCA.
Our review confirmed that Trustly transactions are available only through Tickmill’s CySEC-regulated entity and support EUR, PLN, NOK, SEK, DKK, GBP, and CZK. The broker is registered with regulators in Germany, France, Spain, and Italy, but serves clients in these countries under its CySEC license, in line with MiFID II. European traders can also deposit via PayPal, Skrill, Neteller, Mastercard, and other methods.
For our hands-on evaluation, we created a Classic account and topped up our balance with Trustly. This payment method has a minimum deposit requirement of €100, which applies to both Classic and Raw accounts.
Trustly withdrawals require a minimum of €25. During our testing, withdrawals were processed within approximately one business day. We also confirmed that Trustly deposits and withdrawals incur no additional fees.
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. - 4. Libertex
Libertex is a retail broker operating as part of the Libertex Group, with more than 27 years of trading experience and clients in more than 120 countries. The broker offers variable spreads and round-turn commissions of $5 per standard lot. Libertex provides pricing on over 1,000 CFD markets covering stocks, forex, cryptocurrencies, metals, and indices. European operations are regulated by CySEC under license number 164/12.
Supported deposit methods include Trustly, PayPal, Skrill, Neteller, and Przelewy24. We opened a Libertex CFD account and were able to top up our balance instantly via Trustly. We also confirmed that the minimum deposit across methods is €100, with no deposit fees charged by the broker.
Unfortunately, Libertex clients cannot withdraw via Trustly. However, withdrawals through other payment methods are fee-free, and requests are typically processed within one to five business days, depending on the method.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% 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. Plus500
Plus500 operates in over 65 countries and holds licenses from regulators such as the FCA, ASIC, CySEC, CFTC, and FMA. The broker offers over 2,800 CFDs across forex, commodities, stocks, indices, cryptocurrencies, and options. Retail traders can access leverage of up to 1:30, while professional traders can access up to 1:300 on major forex pairs. Customers registered with EEA-regulated entities can deposit via Trustly, bank transfer, debit and credit cards, PayPal, and Skrill.
In our tests, Trustly deposits were instant and started at either $/€50 or $/€100, depending on the jurisdiction. We also confirmed that withdrawal requests are processed within one to three business days, with a minimum transaction size of $/€100. Deposits and withdrawals are both fee-free. Combined monthly withdrawals exceeding $/€15,000 require additional video-call verification.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. - 6. eToro
Established in 2007, eToro offers over 9,000 financial markets, including 65 currency pairs, commodities, indices, ETFs, and thousands of stocks. The broker is regulated by the FCA, CySEC, ASIC, and FSA. We verified that instant banking deposits via Trustly are supported in Sweden and Norway, with deposits of up to $40,000 per transaction. The method can also be used for withdrawals.
We set up a retail account to assess eToro’s trading conditions and were able to make a minimum initial deposit of $50, which is the typical threshold in most regions. The minimum withdrawal amount is $30.
The $50 minimum deposit also applied to all subsequent payments during our testing. By comparison, UK and US traders using other available payment methods face lower minimums of $10 and $1, respectively.
While eToro does not charge flat deposit fees for Trustly, SEK and NOK transfers incur a currency conversion fee of 1,600 pips when funding a USD account. The same conversion fee applies to withdrawals, along with a flat $5 processing fee.
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.
How to Deposit via Trustly
Launched in 2008, Trustly is a Stockholm-based payment solution that allows traders to transact directly from their online banking accounts. The method uses open banking across 33 countries, including Sweden, Finland, Denmark, Germany, France, Estonia, Lithuania, and the Netherlands.
More than 12,000 partnering banks support Trustly transactions, including Bank Austria, Raiffeisen, and Erste Bank. Trustly supports transactions in EUR, GBP, SEK, NOK, DKK, CZK, and over 20 other currencies.
Funding your forex trading account via Trustly is typically instant. Simply confirm the payment using your online banking credentials, which involves the following steps:
- Navigate to the deposit section of your trading account and choose Trustly as your payment method.
- Enter your preferred deposit amount, click the Deposit button, and select your bank from the list of supported financial institutions. Trustly recognizes returning users and can automatically display or pre-select their last used bank, which speeds up subsequent deposits.
- Enter your online banking credentials to access your bank account and confirm the payment.
- Your bank may request an SMS code to verify the transaction, depending on your account’s security settings. Some online banking applications use multi-factor authentication, requiring a PIN, fingerprint, or facial recognition to authenticate transactions.
- Once you confirm the deposit, the funds should appear in your trading balance within seconds.
Trustly operates as a direct payment method that does not require pre-funding or registration. Its integration with existing bank security protocols helps safeguard transactions without requiring a separate Trustly account.
Is KYC Required When Depositing via Trustly?
Brokers regulated in Europe, Trustly’s primary target market, generally require customers to complete mandatory identity and source-of-funds verification as part of their Know Your Customer (KYC) policies. At many forex brokers, clients must verify their identities during the registration process by uploading legible copies of their identity documents. Traders are typically unable to deposit before successfully completing this verification. These requirements are in place to prevent illicit activities such as identity theft, money laundering, and terrorist financing.
During onboarding, customers must upload photos of an identity document (passport, national identification card, or driver’s license), proof of address (utility bill or residence permit), and proof of payment method (bank statement or transaction receipt). Only legible documents are accepted. Some brokers require video-call verification. The process can take from several hours to two business days if all documents are in order.
Trustly payments do not require additional KYC verification because your identity is confirmed when you use your online banking details for the first deposit. In early 2025, Trustly introduced Trustly ID, a biometric-based KYC solution. It uses native device features like facial recognition and fingerprint authentication to support and simplify identity verification during the login process.
How to Withdraw via Trustly
Some brokers accept Trustly only for deposits, while others also enable withdrawals with the method. If available, Trustly withdrawals involve the following steps:
- Visit the withdrawal section in the client area and select Trustly as your preferred withdrawal option.
- Enter the amount you want to withdraw.
- Confirm the withdrawal amount and send the withdrawal request. The system may then ask you to log in to your online banking account through Trustly’s flow, as with deposits.
- The broker must review and approve the payment before releasing the funds from your balance. Approval timeframes can extend to two business days, depending on the broker.
After approval, the funds are sent directly to the bank account used for Trustly deposits, often arriving within one business day. Many brokers impose minimum and maximum withdrawal restrictions on Trustly transactions, and some may limit withdrawals to the same bank account used for the initial deposit.
Popular Alternatives to Depositing with Trustly
The availability of Trustly varies across forex brokers. Sometimes, the method is included in the broader category of instant banking rather than listed individually by name. Traders seeking alternatives can use e-wallets such as Skrill, Neteller, and PayPal, which are commonly supported by forex brokers and offer comparable efficiency.
Such e-wallets enable instant, fee-free deposits and are broadly supported for withdrawals. Traders initiate transactions using their e-wallet login credentials without exposing banking information.
Alternatively, traders from certain countries like Germany, Denmark, Norway, Italy, and France can deposit with similar payment methods such as Klarna, which also enable direct transfers from online banking accounts. Unlike Trustly, Klarna generally requires registration and is less broadly available.
Another option is to use credit and debit cards, as Visa and Mastercard are supported by most brokers. Card deposits are instant, while withdrawals require between one and three business days to arrive.
| How Trustly Measures Against Other Payment Methods at Forex Brokers | ||||
|---|---|---|---|---|
| Trustly | Skrill | Neteller | PayPal | |
| Supported Countries | 33+ | 100+ | 100+ | 200+ |
| Supported Currencies | 10+ | 40+ | 40 | 25 |
| Funding Options | 12,000 connected banks | Trustly, Przelewy24 (P24), Rapid Transfer, credit/debit cards, Paysafecard, Sofort, ePay, bank transfers, iDEAL, PIX, Multibanco, myBank | Bank transfers, bank cards, Paysafecard, Trustly, iDEAL, Rapid Transfer, etc. | Bank transfers, bank cards |
| Transaction Limits | None; merchants set their own transaction limits. | From $3,000 to unlimited for verified accounts | Up to $50,000 depending on account status | $0.01 to $60,000 per transfer |
| Funding Fees | None | 0% in the US; up to 5% in the UK; up to 5% in Australia; up to 5% in Europe | Up to 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 before the transaction is authenticated. | 3.99% | 3.99% | 2.5% to 4.5% |
| Security Features | SSL, 2FA, biometric authentication | SSL, 2FA, biometric authentication | SSL, 2FA, biometric authentication | SSL, 2FA, biometric authentication, passcode |
| Mobile Compatibility | Web-based mobile app | Android 7.0; iOS 15.0 | Android 7.0; iOS 14.0 | Android 6.0 and up; iOS 15.0 |
| Deposit Timeframe | Instant | Instant | Instant | Instant |
| Withdrawal Timeframe* | Within 24 hours | Within 24 hours | Within 24 hours | Within 24 hours |
| Trading Transaction Fees | Free | Free | Free | Free |
*Timeframes are approximate and may vary across different forex brokers.
Below are some alternatives to Trustly:
- 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
- Amex Forex Brokers