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Best AstroPay Brokers 2024

AstroPay is a global money transfer service with a focus on emerging markets. The free e-wallet and payment card provider has partnered with many online merchants, including recognized forex brokers and trading sites. This review will cover its key features and uses, how it works and app download options for wallet fund storage. We also list the best brokers that accept AstroPay deposits in 2024.

Best AstroPay Brokers

These are the top brokers with AstroPay based on our experts tests:

  1. Deriv.com
  2. DNA Markets
  3. RoboForex
  4. InstaForex
  5. Vantage

AstroPay Brokers Comparison

AstroPay Brokers Comparison
Broker Minimum Deposit Minimum Trade Instruments Platforms Regulators Visit
Deriv.com logo
$5 0.01 Lots CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 MFSA, LFSA, VFSC, BFSC Visit
DNA Markets logo
$100 0.01 Lots CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 ASIC Visit
RoboForex logo
$10 0.01 Lots CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView IFSC Visit
InstaForex logo
- - CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities MT4, MT5 - Visit
Vantage logo
$50 0.01 Lots CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade FCA, ASIC, FSCA, VFSC Visit
Fusion Markets logo
$0 0.01 Lots CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade ASIC, VFSC, FSA Visit
Easy Markets logo
€100 Variable CFDs, Forex, Stocks, Cryptos, Commodities MT4, MT5, TradingView CySec, ASIC, BVI, FSCA Visit
FBS logo
$5 0.01 Lots CFDs, forex, indices, shares, commodities, cryptocurrencies MT4, MT5 ASIC, CySEC, FSC, FSCA Visit
Grand Capital logo
$10 0.01 Lots CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options MT4, MT5 FinaCom Visit
GC Option logo
$10 $1 Binary Options on Forex, Metals and Cryptos MT4, TradingView - Visit
Baxia Markets logo
$50 0.01 Lots CFDs on Forex, Commodities, Cryptos & Indices MT4, MT5 SCB, FSA Visit
PU Prime logo
$50 0.01 Lots Forex, Commodities, Cryptocurrencies, Stocks, Indices MT4, MT5 FSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines) Visit

#1 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Pros

  • There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
  • The low $5 minimum initial deposit suits those on a lower budget
  • Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient

Cons

  • The range of 100+ assets trails some competitors such as Quotex which offers 400+
  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
  • There's no loyalty program or rebate scheme for high volume traders
Visit Deriv.com

#2 - DNA Markets

Why We Chose DNA Markets

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Stocks, Crypto
  • Regulator: ASIC
  • Platforms: MT4, MT5
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots

Pros

  • Top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods
  • 24/5 customer support with response times of <2 minutes during testing

Cons

  • There are limited educational and research tools, reducing its appeal to beginners
  • Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
  • Despite access to MT4 and MT5, there is no proprietary trading app
Visit DNA Markets

#3 - RoboForex

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
  • Regulator: IFSC
  • Platforms: R StocksTrader, MT4, MT5, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
  • RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
  • The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.

Cons

  • RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
  • While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
  • RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
Visit RoboForex

#4 - InstaForex

Why We Chose InstaForex

InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC.

"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities
  • Platforms: MT4, MT5

Pros

  • There’s a decent range of free and fast payment methods including local bank transfers, bank cards, e-wallets and cryptos
  • The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources
  • The broker is accessible for beginners, with low minimum deposits, Cent accounts (for global clients) and zero-commission trading available

Cons

  • The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards
  • The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
  • Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+
Visit InstaForex

#5 - Vantage

Why We Chose Vantage

Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
  • Regulator: FCA, ASIC, FSCA, VFSC
  • Platforms: ProTrader, MT4, MT5, TradingView, DupliTrade
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • There are no short-term strategy restrictions with hedging and scalping permitted
  • The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities
  • Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook

Cons

  • A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
  • The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
  • Unfortunately, cryptos are only available for Australian clients
Visit Vantage

What Is AstroPay?

AstroPay LLP is an online payment method, founded in 2009 with the launch of its AstroPay card. It enables customers, including day traders, the opportunity to make online payments without the need for international credit cards.

Initially aimed at South American customers, the company covers all major markets in the Latin American region, providing payment solutions where alternatives are not available, or not functioning properly.

The solution essentially enables digital purchases to be made via payment methods in a local currency with pre-paid cards and e-wallets. Today, the firm’s services span Asia, Latin America, Africa and Europe. The list of brokers that accept AstroPay deposits and withdrawals also spans most major trading jurisdictions.

AstroPay brokers
AstroPay App

The company has a head office in the UK with additional offices in the USA. The payment solution currently has over 6 million registered users and has partnered with 1000+ merchants, including top-rated online trading brokers.

AstroPay was named the Best Payment Method in Africa in 2022 (SAGSE Awards). In addition, the brand received nominations in the Payment Solution category at the EGR B2B Awards and Payment Solution of the Year at the Global Gaming Awards.

How AstroPay Works

AstroPay provides a traditional card solution as well as hosting a range of local alternative payment methods to initiate transactions. This includes PIX in Brazil, M-Pesa in Kenya and JCB Card in Japan. By doing so, the brand helps global traders and customers avoid common issues such as transaction refusals, fraud, plus credit approval requirements. The prepaid Visa card is used in more than 30 million locations worldwide.

The digital wallet enables traders to make transactions in US Dollars or a local currency. Day traders can make deposits and withdrawals directly and seamlessly from online brokerage sites and investing platforms.

You can set configurable daily or monthly limits as well as generate a simple deposit balance from the merchant’s site to track funding history.

AstroPay Card

AstroPay’s first product, the service was primarily aimed at individuals in emerging markets, with no access to international credit or debit cards. The popular prepaid card is available to use virtually or as a physical card for online purchases, including at AstroPay brokers.

To redeem a card, simply top up using a variety of methods, including paying by cash, bank transfer, or direct debit. On the deposit page of your broker’s account, simply select AstroPay as the payment solution.

Gift cards and vouchers are available as additional top-ups.

AstroPay Visa Card

In June 2022, the brand launched a new product; the AstroPay Visa debit card. The product is initially available in Europe, though it’s due to launch in other markets by the end of the year.

Users can apply for a Visa debit card through the brand’s mobile app. Traders can then use the card with most brokers that accept Visa.

The main difference between both card types is that AstroPay cards are fixed amount cards, whereas with the Visa debit card, you can use your wallet balance.

Cryptocurrency

This solution allows customers to trade digital currencies without paying high fees to buy, trade, transfer, or hold crypto.

There are several cryptocurrencies you can buy on the app including Bitcoin, Bitcoin Cash, Litecoin, and Cardano. Alternatively, you can purchase digital money via established exchange platforms like Binance with an AstroPay card, and withdraw crypto assets to your branded personal wallet for storage.

Wallet

The e-wallet is available as a free download to iOS and Android (APK) devices. Visit the Google Play or Apple App store. You can top up your wallet or buy an AstroPay voucher via the payment link. Pay, deposit, withdraw, send and receive money all from one interface.

Similar apps include Venmo, Stripe, Skrill and Neteller.

Deposit & Withdrawal Times

Brokers that accept AstroPay normally offer instant payments at the deposit stage. This means your funds should be available immediately. Remember though, traders will need to load their wallet or virtual/physical AstroPay card with funds, which can add to timescales.

Some AstroPay brokers also have their own processing times, which can cause delays. Vantage, for example, offers instant account funding via AstroPay, regardless of the depositing currency. RoboForex, on the other hand, has a maximum one working day deposit and withdrawal processing time for payments made with the brand.

Fees & Charges

Trading payments made with the solution are low cost, as well as convenient.

Currency exchange rate fees may apply if you are depositing in a currency outside of your account denomination. Nevertheless, FBS, Vantage and easyMarkets, for example, do not charge day traders a fee for either deposits or withdrawals made via AstroPay cards or wallet transfers. RoboForex, however, applies a 0.5% withdrawal charge.

Note, it is free to sign up for an AstroPay account.

Security

Our expert review found this is a secure and safe payment gateway solution for online traders. AstroPay is incorporated in the UK under the trading name Larstal Limited, registration number 901001. The company is authorized and regulated by the Financial Conduct Authority (FCA) under the 20211 Electronic Money Regulations.

It is reassuring to see top-tier oversight from a reputable authority, increasing the likelihood of fund protection and providing access to compensation schemes if something were to go wrong.

AstroPay is also PCI-DSS compliant, which means credit and debit card transactions are secure, and data is protected against theft.

New users must comply with KYC requirements during account sign-up. In addition, day traders can set up an OTP solution via SMS for account access. A 5-digit code will be provided to authenticate your login each time you initiate a deposit or withdrawal to your trading account.

Pros Of AstroPay Brokers

Benefits of brokers that accept AstroPay deposits include:

Cons Of AstroPay Brokers

Downsides of trading brokers that accept AstroPay include:

How To Deposit Using AstroPay

Firstly, you will need to find brokers that accept AstroPay deposits. The best brokers will provide this information within the payments section of their website, or via the platform interface. Remember, the brand may be categorized under payment cards or e-wallets. Look out for the logo on accepted trading sites. You can contact AstroPay brokers and exchange partners directly if this information is not clear, if a payment is not working, if a withdrawal is pending, or if your account gets blocked.

Next, you will need to create an account with AstroPay. This can be set up directly through the website or via the mobile app. From there, you can apply for a card and top up with popular local payment methods, or reach out to official and authorized resellers.

To deposit to brokers that accept AstroPay, log in to your client portal and head to the payments portal. Here you will need to specify the amount you wish to deposit and enter your card details if applicable. Traders will be directed to the payment interface, connecting to a local financial institution.

Consider minimum deposit requirements, which will vary by AstroPay brokers. Infinox, for example, requires initial funding of £1 or equivalent currency. KYC verification may also be required, including the provision of an ID document number.

We have outlined the process simply below:

  1. Create an AstroPay account
  2. Load funds into your account
  3. Use an AstroPay card or e-wallet to deposit to your live trading profile

Limits

There are also some deposit and withdrawal limitations for various transactions to AstroPay accounts:

Bank Account

Buying Cryptocurrency

Cash

Supported Countries

AstroPay services are available to traders globally. The solution is available in Argentina, Bangladesh, Brazil, Chile, Colombia, India, Jordan, Kuwait, Mexico, Pakistan, Peru, Uruguay, and more.

Pre-paid card services are accessible to residents in Brazil, Argentina, Peru, Costa Rica, Bolivia, Venezuela, Japan, China, Indonesia, Greece, Turkey and more. The company has also expanded to some African countries including Nigeria, Kenya, Ghana, Uganda and Zimbabwe.

Note, supported payment methods to AstroPay accounts vary by jurisdiction. The most common options used include M-Pesa, credit/debit cards (Visa, MasterCard), bank transfers, e-wallets (PayPal, Skrill, Neteller), and cash.

Contact Details

The payment method offers limited customer contact channels. Traders are directed to a self-help FAQ center, although information is limited. Topics include how to withdraw money, redeem, merge and pay from an AstroPay card, account verification times, how to delete an account and promo code support.

An online contact form and email address (support@astropay.com) are the only direct methods of contact. There is no toll-free customer care phone number or live chat services, which would provide the fastest response times. Alternatively, the company is active on social media sites including Facebook, Twitter and LinkedIn, though posts are outdated.

Fortunately, the top brokers that accept AstroPay also run active support channels that can help with deposit delays or withdrawal questions.

Is AstroPay Good For Day Trading?

AstroPay is a convenient payment method for online traders, particularly within emerging markets such as Latin America and Africa. The transfer service is swift, secure and cheap, with many established AstroPay brokers not charging fees to deposit funds. That being said, there are some negative reviews, rating the service as poor with issues surrounding fund withdrawals.

Use our list of the top trading brokers that accept AstroPay deposits to get started.

FAQ

Is The AstroPay Card Free To Deposit To Trading Accounts?

It is free to sign up for an AstroPay card. Also, several forex brokers, including FBS, Vantage and easyMarkets, do not charge traders a fee to deposit with the branded card.

Is AstroPay Safe To Use To Deposit To Trading Accounts?

AstroPay is a relatively safe way to deposit and withdraw to a live trading account. The solution is regulated under the Electronic Money rules by the UK Financial Conduct Authority (FCA). Know-your-customer verification is also required for all new account registrations and you can add OTP authentication for additional reassurance. Despite this, make sure you only trade with recommended brokers that accept AstroPay deposits.

Is AstroPay A Legitimate Deposit Method For Traders?

AstroPay is a genuine and legitimate payment solution used by millions across the world, including online traders. You can link a range of established local payment solutions to your AstroPay account and initiate deposits to your trading profile with the brand.

Can I Fund My Trading Account Using The AstroPay App?

The app is a free e-wallet wallet accepted on hundreds of international sites, including brokers. It is a good option for day traders who want to deposit online without having to provide personal banking details.

Can I Use The AstroPay Card To Make Trading Deposits?

The AstroPay card is accepted by 1000+ partnered merchants, including forex brokers like RoboForex and Vantage. Look out for the logo within your trading platform interface. Alternatively, use our list of the best AstroPay brokers.