Best American Express Brokers 2023

American Express provides millions of customers worldwide with a fast, easy and safe way to make payments to a range of merchants. As a result, there is a growing list of trading brokers that accept American Express deposits and withdrawals. This guide unpacks the key considerations when using American Express to fund day trading positions, from foreign exchange fees and interest rates to types of credit cards and transfer limits. We have also compared and ranked the top American Express brokers in 2023.

American Express Brokers

These are the 2 best brokers that accept American Express deposits and withdrawals:

#1 - FxPro

FxPro is an award-winning forex, CFD and spread betting broker with over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.

"FxPro is best for traders looking for wide market access with thousands of instruments and reliable trading platforms, including MT4, MT5 & cTrader."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Futures
  • Regulator: FCA, CySEC, FSCA, SCB, FSC
  • Platforms: MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)

Payment Methods

FxPro accepts these 10 payment methods for deposits and withdrawals:

  • American Express
  • Credit Card
  • Maestro
  • Mastercard
  • Neteller
  • PayPal
  • Skrill
  • UnionPay
  • Visa
  • Wire Transfer

CFD Trading

FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures with 24/5 multilingual support. Traders also benefit from low latency datacentre co-location.

Forex Trading

Trade 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals.

Stocks Trading

FxPro offer hundreds of assets in their shares portfolio. Stocks from major economies including the US, UK, France and Germany can all be traded on leading platforms with no hidden fees.

Crypto Trading

Non-UK FxPro traders can access CFDs on 28 popular cryptocurrencies, including Bitcoin and Ethereum as well as smaller tokens like Tron. Crypto assets are all traded in pairs with USD and, as derivative products, are not directly traded or owned.


  • Comprehensive analysis and trading tools including signals powered by Trading Central and VPS hosting
  • No dealing desk (NDD) intervention with fast execution speeds under 13ms
  • 4 superior trading platforms including MT4, MT5, cTrader and the broker's powerful proprietary solution


  • Relatively high fees on some assets
  • Limited payment methods
  • Inactivity fee applied to dormant accounts

#2 - FXPrimus

FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

"FXPrimus's platform support, fast execution, raw spread/commission-free accounts and copy trading support make it a good all-rounder for beginner and experienced forex traders."

- DayTrading Review Team
  • Instruments: CFD, Forex, Stocks, Crypto, Futures, Options, Commodities
  • Regulator: CYSEC, MIFID, ICF, FCA, BaFin, VFSC
  • Platforms: MT4, MT5, cTrader
  • Min. Deposit: $15
  • Min. Trade: 0.01 Lots
  • Leverage: 1:1000

Payment Methods

FXPrimus accepts these 13 payment methods for deposits and withdrawals:

  • American Express
  • Bitcoin Payments
  • Credit Card
  • Dragonpay
  • FasaPay
  • Mastercard
  • Neteller
  • Skrill
  • UnionPay
  • Visa
  • Wire Transfer
  • ecoPayz
  • emerchantpay

CFD Trading

Trade CFDs on forex, stocks, metals, energies, cryptos and indices with high leverage up to 1:1000 on major currency pairs, 1:200 on metals, 1:100 on indices, 1:33 on stocks and energies, and 1:5 on cryptocurrencies. The range of 200+ instruments is not the biggest on the market, but the variety of asset classes provides flexible trading options for most traders.

Forex Trading

Trade on 45+ majors, minors, crosses and exotics, with competitive pricing, ultra-fast execution and no requotes. Newer traders can access zero-commission trading. Experienced forex traders can operate with no trading restrictions and benefit from an ECN account and a VPS service.

Stocks Trading

Traders can speculate on stock market movements through CFDs on dozens of individual equities. This is less than many rival brokers, but traders can also place bets on broad market movements through 15 indices covering diverse global markets including the US, China, UK, Spain and Germany.

Crypto Trading

Trade a small selection of CFDs on crypto tokens in USD pairs. While the selection of cryptocurrencies is very limited, the 1:5 maximum leverage is higher than many similar brokers, making this a decent option for forex traders to dip into if not for dedicated crypto traders.


  • Reputable broker with years of awards makes FXPrimus a credible broker
  • Excellent range of accepted funding methods with 12 accepted currencies, e-wallet and international banking options, and fees covered by the broker
  • Choice of MT4, MT5 and cTrader platforms gives traders great flexibility


  • This broker does not accept traders from the US
  • High $8 MT5/$10 MT4 commissions on the Primus Pro account
  • Relatively small range of assets, with just 45+ forex pairs

How American Express Works

American Express was founded in 1850 when William Fargo, Henry Wells and John Warren Butterfield merged their express companies. A century later the business started providing a charge card, which offered travellers the flexibility of credit. Since then, the company has grown with the invention of the internet providing online payment services to retail customers.

More recently the brand has integrated into the financial markets supporting trading brokers and investing platforms. In 2023, the number of American Express brokers is on the rise, though it’s still considerably lower than brokerages that accept more popular payment methods such as Visa and Mastercard debit cards.

Outside of day trading and other financial services, the payment solution is accepted for a range of online and in-store transactions by a large number of merchants. The company also offers several different rewards, such as points for hotels and flights, discounted house insurance, and cashback, among others.

Importantly, American Express works in a similar way to most other credit cards. Any expenditure from your account, whether that be deposits with trading brokers or spending with other merchants, will need to be settled regularly. Users will need to connect their American Express card with a bank account and make payments via direct debit using a debit card or bank transfer. Near the end of each statement period, the credit card company will remind the customer when payment is due.

The American Express head office in the US is located in New York, though regional headquarters are found in other parts of the world, including the UK office in Brighton.

Which forex brokers accept American Express deposits?

Transaction Times Explained

When it comes to making payments to American Express brokers, deposits are usually processed instantly.

You will need to provide verification via a 6-digit authorization safe key code. The code will be sent either to your account email address or your telephone contact number.

To speed up deposit times, traders can open their credit card app and log in to their account to add a new merchant (including online brokers) to their express list. With or without the express list, transaction times will typically be no more than a few minutes.

Withdrawals usually need to be approved by the trading broker before they are sent to American Express. Once the brokerage has sanctioned the withdrawal of funds from your trading account, it can take up to 10 working days for the funds to show on your card statement as a credit balance (negative cost).

Note, for credit balances to be transferred to the associated Amex debit bank account, a request needs to be submitted to customer service which will be reviewed and processed. This can take up to 10 days, though transactions are often settled more quickly.

Pricing Review

Some trading brokers that accept American Express levy fees for deposits and withdrawals. The company is known to charge merchants high fees for processing payments. This is the case online and in physical stores, so it’s common that brokers try and pass these onto traders. It also means that the payment method is usually more expensive vs Visa and Mastercard.

American Express brokers should list the fees that will apply when you deposit before you sign up for a trading account. This is normally a flat fee below a certain balance and/or a percentage of the transfer amount.

Outside of trading brokers’ transaction fees, there are other charges that investors should be aware of:

It’s worth noting that some Amex cards do not require traders to pay off charges on the account (including deposits made to brokers) as they offer zero interest on payments. However it is best practice to pay off the statement balance in full.


American Express is considered safe and has strong security protocols at all stages. This makes it a good choice as a payment method with trading brokers and other merchants.

Key security procedures include:

Customer Service

The customer support that American Express provides is considered to be the industry gold standard regardless of whether your query is related to trading brokers or not. The credit card company has a dedicated customer service team that can be contacted via chat 24/7, or you can call their customer service helpline via an international phone number. Agents are genuine people (rather than bots), quick to respond and thorough. Before they can help, two layers of security must be passed.

Trading account withdrawals will show as credit balances on the user’s statement. For this to be transferred to the customer’s associated debit account, traders need to contact customer service to request the funds are transferred. In the first instance, account holders need to provide a copy of a bank statement to validate the transfer account. After this, requests can be submitted directly to customer service each time a credit balance needs to be refunded.

Pros Of Using American Express For Trading

There are several benefits to trading brokers that accept American Express deposits:

Cons Of Using American Express For Trading

There are also some drawbacks to using American Express when day trading:

How To Make American Express Deposits & Withdrawals

There are several steps to follow when using American Express as a payment method to fund day trading accounts:

  1. Check Amex Is Accepted – The first step is to look for brokers that accept American Express deposits and withdrawals. Information regarding the payment methods supported by each broker should be readily available on the firm’s website.
  2. Confirm Any Fees – Information regarding the fees that apply should also be publicly available to day traders. Check the ‘cashier’ or similar portal for details.
  3. Check Transaction Times – In addition, the time it takes to process an American Express deposit or withdrawal should be detailed by the broker. This is important to understand so that trades can be executed in good time.
  4. Make A Deposit/Request A Withdrawal – Once the above information is understood you can deposit up to the credit limit of the Amex account or the trading broker’s transfer threshold. The process should be straightforward, but will most likely require the trader to enter their black card details, for example, and a SafeKey.

Accepted Countries

American Express accepts users from countries around the world, including: Australia, Canada, Dubai, Hong Kong, Ireland, India, Israel, Jordan, Kuwait, Saudi Arabia (KSA), Korea, Malaysia, Oman, Qatar, Spain, Singapore, and many other countries.

Note, trading brokers that accept American Express deposits may have their own customer country restrictions.

Final Word On American Express Brokers

American Express is a worldwide payment method available at a large number of vendors, including some trading brokers. But despite its popularity, there are only a handful of brokers that accept American Express payments, including FxPro and FXPrimus. See our full list of American Express brokers to start trading.


Do American Express Brokers Offer Instant Deposits?

Trading brokers that accept American Express usually offer near-instant deposits. However, withdrawals can take several working days, though this varies between trading platforms. Note, users will need a SafeKey from the credit card company to make a payment, which can cause delays.

Are American Express Trading Deposits Accepted In All Locations?

The brand has a global reach and most countries are supported by the credit card company. Despite this, some American Express brokers might have limitations on where day traders can sign up from. This information should be listed on the broker’s official website.

Does American Express Have A Brokerage Account?

Yes. The credit card company’s American Express Brokerage account offers several different trading packages depending on the value of your account balance. Clients can find more details on the official site. Note, the brokerage account is only available in some jurisdictions.

Which Are The Top Forex Brokers That Accept American Express?

The best American Express brokers that offer forex trading include FxPro and FXPrimus. Use our full list of brokers that accept American Express deposits to find the right forex trading platform for your needs.

Can I Use American Express Via Zelle To Fund My Trading Account?

No – American Express does not support Zelle mobile payments, however, it does support Apple Pay and Google Pay.