Best Alipay Brokers 2026
Alipay is the most popular e-wallet service and online payment method in China, followed by WeChat Pay. Facilitating mobile transfers through multiple payment channels, it’s proven popular with active traders.
Explore the best brokers that accept Alipay deposits. We’ve verified that every trading platform listed supports Alipay.
Best Alipay Brokers
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How Did We Choose The Best Alipay Brokers?
To identify the top Alipay brokers, we:
- Took our database of 500 brokers to pinpoint those accepting Alipay
- Checked they support Alipay deposits and withdrawals for trading
- Ranked them by their rating, mixing hard data with our testing observations
What Is Alipay?
Alipay was established in Hangzhou, China in 2004 by the Alibaba Group. The payment brand is currently under Jack Ma’s ownership.
The company’s head office is located in Shanghai and the firm is a subsidiary of Ant Group, a Chinese tech giant.
The corporation has expanded globally, establishing other subsidiaries including Alipay Financial Services Hong Kong Limited, Alipay Singapore E-Commerce Private Limited, and Alipay (UK) Limited.
In 2022, Alipay had an estimated 82.2% market share of the third-party payments market in China, with over 680 million daily transactions and the number of users reaching 1.3 billion. The company’s net profit also reached $3 billion as it cashed in revenues of $10.5 billion in just 6 months, meaning a profit margin of 30%.
Pros Of Trading With Alipay
Mobile App
The mobile app is a convenient tool for investors who want to manage their trading deposits and account transactions whilst on the go. You can download the English app or the original Chinese version from the Apple App Store or Google Play store.
Multiple Payment Channels Supported
Alipay is a third-party eWallet service and therefore supports multiple payment methods.
Day traders can deposit or withdraw an Alipay account balance with stored credit or debit cards or epay solutions, such as MasterCard or Visa, plus with other methods like the GCash wallet and Klarna.
Secure
Alipay is a secure payment method that uses established processes including QR code payment scanning and 3D secure technology.
Deposits should be safe via Alipay, but traders should also check the security of their chosen broker.
Multiple Countries & Currencies
The company’s ecosystem supports payments in multiple regions around the world, including Asia – primarily Hong Kong, Japan, Vietnam, and Singapore, as well as Europe, including the UK, Italy, and Norway, plus North America, Canada, Russia, Pakistan, Malaysia, Nepal, Ghana, Kenya, and Nigeria.
It also supports transactions in 18 major foreign currencies, including USD, EUR, GBP, JPY, CAD, AUG, and SGD.
If you are an international trader and wish to transact in CNY, when exchanging one currency for another you must keep in mind the rate for today, which can be found online.
Payment Protection
The firm offers buyer payment protection up to 90 days for members, which reimburses unauthorized transactions. Traders can get in touch with customer service if they notice anything suspicious.
Cons Of Trading With Alipay
Registration Restrictions
The company’s business model primarily only allows Chinese bank accounts to register, however, traders who do not have a Chinese bank account can use the Tour Pass.
This is a service provided by the Bank of Shanghai, which allows visitors to top up a prepaid card within the app, using a foreign card.
Note, however, that the service is only available for 90 days, which may be unsuitable for full time traders.
Settlement Times
Investors should note that the settlement of funds will depend on the payment method chosen within the Alipay wallet, so you will need to check with the individual payment provider beforehand.
Alipay brokers may also have their own processing times, though the top platforms process deposits almost instantly and withdrawals within five working days.
Verification Needed
To create and set up your account, you will need to go through a KYC verification process by submitting your ID and possibly a copy of your Visa if you are a visitor in China.
As a result, Alipay is not as convenient as instant payment methods which don’t require account registration.
No Crypto
Because of Chinese regulations, blockchain transactions are not allowed on Alipay. Hence you won’t be able to purchase Bitcoin (BTC) or Ripple (XRP) in China. This may deter budding cryptocurrency traders.
Speed
Deposits and withdrawals via Alipay are processed in real-time, with no need to fill out lengthy payment forms and personal details for each deposit.
Note that the domestic and global remittance times will depend both on your chosen payment method and the broker you are joining.
Security
Alipay is fairly secure to use online, as it has encryption protocols to protect customer transaction data, as well as 3D secure technology within the app to verify payments. 3D secure protects your transactions by sending you a one-time 6-digit password by SMS.
The app also uses a QR code generator which makes contactless payments easier and safer.
How To Deposit Using Alipay
To fund your trading account using Alipay, look out for the blue API logo on your platform and follow the instructions to login. Your broker will redirect you to the Alipay payment gateway, where you can select your method and confirm the transfer.
Depending on your circumstances, there may be a daily, monthly, and yearly limit at Alipay, as well as a subsequent deposit or withdrawal limit set by your broker.
Fees
The firm doesn’t charge transaction fees except for large withdrawals over 20,000 RMB which will include a 0.1% fee. If you’ve loaded your foreign prepaid card with another currency, there may also be exchange rate fees.
Due to take rate merchant fees, your broker may also have their own pricing for deposits and withdrawals. You can usually find funding fees on the broker’s website or our reviews.
Is Alipay Good For Day Trading?
Alipay is a good option for traders based in China, or for foreigners with an appropriate visitor’s visa who are eligible for the Tour Pass. The method is also relatively secure and offers flexible account management via the app.
However, the accessibility of the payment method for those outside China and without a Chinese bank account is limited and therefore traders may need to look at other competitors, such as PayPal or WeChat Pay.
FAQ
How Does Alipay Work For Day Trading?
Alipay is a payment processor and is a part of the Alibaba Group. The company offers convenient third-party payment integration for business and e-wallet services for customers. Traders will need to create an account using the app, which comes in Chinese and English.
Once registered, you can load money into your account using a credit or debit card, before using it to make deposits into your live trading account.
Can You Use Alipay Like PayPal For Trading Deposits?
Alipay is similar to PayPal in that it provides an e-wallet service, meaning users can make domestic and international transfers as well as payments online. Traders will be able to use Alipay in the same way as PayPal for funding trading accounts.