Google Wallet Brokers 2025
Google Wallet, formerly Google Pay, is a popular digital wallet. It offers fast and secure payments with low fees and is free to download onto Apple and Android devices. The wallet is used by many active investors, favored for its flexibility and widespread integration with trading brokers.
In this review, we evaluate what Google Wallet has to offer retail traders, from deposits and withdrawal fees to payment limits and security. We also list the best trading brokers that accept Google Wallet deposits in 2025.
Best Google Wallet Brokers
After testing each option, these are the top 6 brokers with Google Wallet payments:
Here is a short overview of each broker's pros and cons
- Plus500 US - Plus500 is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.
- CEX.IO - CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.
- Nexo - Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.
- Coinbase - Launched in 2012 as a platform enabling users to buy and sell Bitcoin via bank transfers, Coinbase has emerged as a crypto behemoth, expanding its services to include 240+ crypto assets, developing sophisticated trading platforms for retail investors, listing on the US Nasdaq, and securing licenses with multiple regulators.
- World Forex - World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
- XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It’s also highly regulated, including by ASIC and CySEC and offers a comprehensive MetaTrader experience.
Compare The Best Google Wallet Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| Plus500 US | $100 | Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts | WebTrader, App | - |
| CEX.IO | $20 | Cryptos | TradingView | - |
| Nexo | $10 | Cryptos | Nexo Pro | - |
| Coinbase | $0 | Crypto | Coinbase, Advanced Trade, Wallet, NFT, TradingView | - |
| World Forex | $1 | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | MT4, MT5 | 1:1000 |
| XM | $5 | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral | 1:1000 |
Plus500 US
"Plus500 US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills. Its powerful tools and reliable service helped it scoop second place in DayTrading.com's annual 'Best US Broker' award."
Michael MacKenzie, Reviewer
Plus500 US Quick Facts
| Bonus Offer | Welcome Deposit Bonus up to $200 |
|---|---|
| Demo Account | Yes |
| Instruments | Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts |
| Regulator | CFTC, NFA |
| Platforms | WebTrader, App |
| Minimum Deposit | $100 |
| Minimum Trade | 0.0 Lots |
| Account Currencies | USD |
Pros
- The straightforward account structure, pricing model and web platform offer an easier route into futures trading than rivals like NinjaTrader
- The trading app provides a terrific user experience with a modern design, a clean layout and mobile-optimized charts
- Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls, instilling a sense of trust
Cons
- While Plus500 US continues to broaden its investment offering, it's currently restricted to around 50+ futures with no stocks
- Plus500 US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders
- The proprietary platform is user-friendly but lacks advanced technical analysis tools found in third-party solutions like MetaTrader 4
CEX.IO
"CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."
CEX.IO Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Cryptos |
| Regulator | GFSC |
| Platforms | TradingView |
| Minimum Deposit | $20 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, GBP |
Pros
- High quality educational materials are available through the University feature
- The range of 200+ cryptocurrencies is competitive and will serve more experienced traders
- The $20 minimum deposit makes the broker accessible for beginners
Cons
- A maintenance fee applies after 12 months of no activity
- It's a shame that there's no demo account for traders looking to practice strategies
- The broker has limited regulatory oversight
Nexo
"Nexo gives crypto traders the capability to trade, invest, lend and borrow digital assets in one place, and it’s especially good for its credit functions that pay out very high yields to lenders. However, its fees are relatively high and many day traders will prefer a more tightly regulated crypto broker."
Nexo Quick Facts
| Bonus Offer | Loyalty scheme with various bonuses, plus referral program and bonus paid to lenders on credit line |
|---|---|
| Demo Account | No |
| Instruments | Cryptos |
| Platforms | Nexo Pro |
| Minimum Deposit | $10 |
| Minimum Trade | $30 |
| Account Currencies | USD, EUR, GBP |
Pros
- Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation
- Nexo Pro is a user-friendly proprietary platform that suits day trading strategies with great charting features
- Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
Cons
- Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
- High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods
- Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage
Coinbase
"Coinbase is ideal for beginners looking for an intuitive platform to buy and sell a wide variety of cryptocurrencies, with robust security and regulatory compliance. However, its fees are higher compared to competitors in our tests, and it’s not as tailored for short-term traders."
Christian Harris, Reviewer
Coinbase Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Crypto |
| Regulator | FinCEN, FCA, CBoI, MAS, OAM, DNB, BdE |
| Platforms | Coinbase, Advanced Trade, Wallet, NFT, TradingView |
| Minimum Deposit | $0 |
| Minimum Trade | $2 |
| Account Currencies | USD, EUR |
Pros
- Coinbase supports 240+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and more recently listed altcoins like $Trump, giving early access to emerging tokens.
- Coinbase Advanced has added TradingView integration, a feature rarely offered by crypto exchanges, allowing users to trade spot and futures markets directly from real-time charts with powerful technical analysis tools.
- There are platforms for all levels: beginners can use the simple Coinbase app, while Advanced Trade provides lower fees and pro-level tools.
Cons
- Frustrating customer support during testing, with most help options hidden behind login, making it tough for locked-out users or non-account holders to get assistance.
- There are woeful research tools; Advanced Trade has TradingView charts but lacks features like news feeds, economic calendars, and AI market insights.
- High crypto fees based on tests, especially compared to competitors like Kraken and BitMEX, and notably on the standard dealing platform.
World Forex
"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
World Forex Quick Facts
| Bonus Offer | 100% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Regulator | SVGFSA |
| Platforms | MT4, MT5 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, RUB |
Pros
- VPS hosting
- Low deposit of $1
- MT4, MT5 and a proprietary trading terminal
Cons
- Weak regulation
- Withdrawal fees apply
- No negative balance protection
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
XM Quick Facts
| Bonus Offer | $30 No Deposit Bonus When You Register A Real Account |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Regulator | ASIC, CySEC, DFSA, IFSC |
| Platforms | MT4, MT5, TradingCentral |
| Minimum Deposit | $5 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
- XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
Cons
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
How Did We Choose The Best Google Wallet Brokers?
To list the top Google Wallet brokers, we:
- Identified which brokers accept Google Wallet payments from our database of 500 online platforms
- Checked that they support Google Wallet deposits and withdrawals for day trading
- Leveraged our personal observations and 100+ data points to rank them by their total rating
About Google Wallet
Google Wallet is a mobile payment app most popular amongst Android users. Consumers can link their debit, credit, loyalty, and gift cards to the digital wallet in just a few clicks. Using near-field connections (NFC) technology, it enables quick, contactless payments wherever you are. Card information is also always encrypted.
Since the product first launched in 2011, in an attempt to limit losing customers to competitor wallets available on devices such as the iPhone or Samsung Galaxy Watch, its user base has grown rapidly. In 2018, it had over 39 million customers, by 2021 over 100 million, and growth is expected to continue into 2025 and beyond.
It is not hard to see the brand is one of the most widely used digital wallets around the world. When compared to its competitors, Apple Pay, PayPal and Samsung Pay, it offers an equally convenient experience.
Google Wallet is supported by a long list of major banks, including NatWest, Barclays, Halifax, and Lloyds Banking Group, as well as newer fintechs such as Monzo and Revolut. It is already used by many on retail websites and in-store, with its presence at online brokerages also growing.
History
Google Wallet went live in 2011. However, the first iteration was fairly restrictive. It was only compatible with a select few devices and users were required to sign up for a Google Prepaid Card or MasterCard account. In short, it was a pain to use.
In 2015, Google Wallet was succeeded by Android Pay. The new service was much more user-friendly but just three years later, it was rebranded again – Google Wallet was merged with Android Pay to create Google Pay.
Over the following years, there were many more redesigns including the short-lived Google Pay Send. But in 2022, Google announced the return of Google Wallet.
To make things even more confusing, some places such as India will continue to use Google Pay. And if you are in the US, both Google Wallet and Pay are available to use. However, for most, including traders in the UK, Mexico, Japan, Australia, Hong Kong, and France, Google Wallet has been rolled out.
Fees
Google Wallet is a free app available to download from the Google Play and Apple App stores. There are no fees charged when using cards or when you transfer money to other accounts.
However, the merchant will be charged a fee for the authorization of a credit card transaction, which may be passed onto the trader.
Brokers do not make a “commission” on Google Wallet transfers, however they may choose to add additional processing fees. With that said, the top trading platforms that accept Google Wallet deposits and withdrawals do not charge a payment fee.
Speed
Payments are typically quick but can vary somewhat depending on the method used:
- A Google Wallet balance transfer is usually instant
- For debit card payments, processing can be fast but may take up to a maximum of 24 hours
- Credit card payments such as Amex and bank account transfers can take up to 3-5 business days to update
Refunds can take up to 10 working days. Contact customer service if the refund time exceeds this.
Note: Some brokers require additional payment processing times which can delay transfers. However, most trading brokerages offer near-instant deposits with Google Pay / Google Wallet.
Security
Adding A Card
Adding a card to the Google Wallet is simple and secure. Users will receive a verification code which will be sent by email, text, phone, or via a banking app. Alternatively, you can reach the customer care service via email, online, or via a toll-free UK helpline number. All cards are given a virtual card number (via encryption) which ensures your card details are not shared with merchants.
If verification is not working or is declined, ensure you have selected the right contact number and email address.
Deposits
There are additional security measures in place to protect deposits and withdrawals. Quick access to the app requires identity confirmation via a 4 or 6 digit pin, password, pattern, or fingerprint. Without this, the login process won’t work and users will receive an error message. Payments cannot be made without unlocking the home screen and there is no shortcut around this.
Trading brokers may also add additional security measures that users will need to comply with to make deposits and withdrawals. For more information on measures implemented by your broker, visit their website or our reviews.
Emergencies
There are also a number of security protocols in the APK (Android application package). If your device is lost or stolen, you can remotely lock or wipe your device using the Android Device Manager settings from another device.
Although there is no contactless transaction limit, users can check for fraudulent activity by reviewing receipts, merchant ID, and the merchant’s registered address under Payment History.
How To Use Google Wallet
Check For A Demo Account
Whichever digital wallet you are using, check the broker’s website for a demo account before committing funds. Here you can test your trading skills without risking money. Demo accounts are usually quick and simple to set up and do not require users to commit to a contract. XM, for example, offers an excellent free demo which doesn’t expire.
Add Funds To Your Card
Google Wallet connects directly to the cards that have been added. If using debit cards or PayPal to finance your position, you will need to ensure the accounts have sufficient funds to trade.
Select Your Card
The process to add, update, delete or remove a card is straightforward. Click on the Google Wallet logo and open the app. Here you can add a credit/debit card or link to your PayPal account. Cards can be added by taking a photo or manually adding the information.
All new payment methods will need to pass the verification process explained above. If that doesn’t work, there are a number of tutorials that have been uploaded on YouTube to help customers or alternatively, get in touch with the customer service team.
Deposit Into Your Account
As detailed above, deposit processing times will depend on the payment method chosen. Further delays may also occur depending on the broker’s processing times for deposits and withdrawals. Some brokerages may offer rewards or bonuses when depositing so check the brand’s website for any promotions when signing up.
Although there are no minimum or maximum transaction limits, brokers may restrict the amount traders can deposit or withdraw.
Pros Of Trading With Google Wallet
Now you know how it works, we have summarised the key benefits of Google Wallet brokers:
- Secure
- Free to download
- Range of support options to help resolve issues
- Supported by many UK, US, and international banks
- No fees applicable for debit cards and gift cards are also supported
- Payment method already integrated in popular sectors such as online trading
- Available on most iOS and Android devices, for example, Samsung and Huawei
Cons Of Trading With Google Wallet
There are a few important drawbacks to appreciate when using Google Wallet for trading:
- Slower processing times vs Apple Pay
- Charges apply when using credit cards
- A finite number of trading brokers currently accept it as a deposit and withdrawal method
- Only fiat currencies can be stored. For the time being, cryptocurrencies are not supported
Is Google Wallet Good For Day Trading?
Google Wallet, formerly Google Pay, provides robust payment security, high-level support and flexibility to its customers. However, despite wide integration outside of investing, the number of brokers currently accepting this form of payment is limited with trading platforms preferring to take deposits directly from debit and credit cards.
We anticipate the popularity of Google Wallet to rise over the next few years. Already, we are seeing some of the best brokers integrate more digital wallet solutions to meet the needs of traders.
Use our list of brokers that accept Google Wallet deposits to start trading.
FAQ
Is Google Wallet Safe To Use With My Trading Account?
Yes, Google Wallet is relatively safe. Access is only granted to users once they have confirmed the correct pin, passcode, or fingerprint. Without this, payments will not be processed. The top regulated trading brokers also follow robust security measures.
Is It Free To Deposit Into My Trading Account With Google Wallet?
Google Wallet is free to download from relevant app stores. Furthermore, there are no activity fees, however, charges are applied to credit card payments. Please also note that brokers, or third parties, may add processing fees. For more information, visit the merchant’s website.
Can I Use My iPhone To Make A Google Wallet Deposit To My Trading Account?
Yes, the Google Wallet is available to download to most Apple devices including iPhones, which means you can easily manage your account whilst trading on the go.