Best HUMBL Pay Brokers 2023
Contents
HUMBL Pay is a financial services firm specialising in app payments and blockchain investments. In this review, we cover their top two services for consumers, the newly released HUMBL Pay app, which facilitates instant online deposits, and the HUMBL Financial ETX product.
HUMBL Explained
HUMBL is a US-based fintech company that launched in December 2020. The firm started life as Tesoro Enterprises (TSNP), in a reverse-merger deal that piqued the interest of penny stock traders. The merger caused share prices to soar as investors cited HUMBL (HMBL) as the next PayPal . At the height of its bull run, the company had a stock price valuation of around $450 million despite not having any revenue stream at this point.
Recently, HUMBL began releasing their services to consumers in increments. HUMBL now offers three key services: a payment platform for money transfers (HUMBLPay), a marketplace for freelancers to sell good and services (HUMBL Studios), and a financial services platform offering blockchain-based investments (HUMBL Financial).
The new HUMBL pay app was released in April 2021 and secured over 22,000 users on its first weekend. The app is available for download on both Android and Apple devices. It can be used to make fast and secure payments, for example, into forex trading accounts. HUMBL Pay is currently available in the United States, Mexico, Canada, Australia, New Zealand, and Singapore. It plans to expand its offering to 40 countries worldwide in the next few years, including India and the UK.
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These are the 10 best brokers that accept HUMBL Pay deposits and withdrawals:
#1 - Forex.com
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
- DayTrading Review Team
Instruments : Forex, Spot Metals
Regulator : NFA, CFTC
Platforms : MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Min. Deposit : $100
Min. Trade : 0.01 Lots
Leverage : 1:50
Payment Methods Forex.com accepts these 8 payment methods for deposits and withdrawals:
ACH Transfer Credit Card Debit Card Mastercard Neteller Skrill Visa Wire Transfer
Forex Trading Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.
Stocks Trading Forex.com offers access to thousands of US, EU and UK stocks, with spreads of just 1 point. Speculate on household names as well as new IPOs. US stocks are available from just 1.8 cents per share.
Pros
VPS hosting for automated strategies
Up to 15% cashback rebates for active traders
Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4
Cons
Investment offering varies between countries
No copy trading platform
$15 monthly inactivity fee
#2 - eToro USA
eToro is a social investing platform that offers stocks, ETFs, options, and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.
"eToro is a top pick for users looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."
- DayTrading Review Team
Instruments : Stocks, Options, ETFs, Crypto
Regulator : SEC, FINRA
Platforms : Own
Min. Deposit : $10
Min. Trade : $10
Payment Methods eToro USA accepts these 4 payment methods for deposits and withdrawals:
ACH Transfer Debit Card PayPal Wire Transfer
Stocks Trading Trade popular US stocks and ETFs with zero commissions while fractional shares and options are also available. The eToro Academy and excellent market research are also huge bonuses for newer investors.
Crypto Trading eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Pros
eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
The $10 minimum deposit and straightforward account opening process means beginners can get started quickly
The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
Cons
Narrower range of instruments than some competitors
No MetaTrader 4 platform integration
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#3 - NinjaTrader
NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
"We recommend NinjaTrader for high-volume futures traders looking for low fees and premium analysis tools."
- DayTrading Review Team
Instruments : Forex, Stocks, Options, Commodities, Futures, Crypto
Regulator : NFA, CFTC
Platforms : eSignal
Min. Deposit : $50
Min. Trade : 0.01 Lots
Leverage : 1:50
Payment Methods NinjaTrader accepts these 3 payment methods for deposits and withdrawals:
ACH Transfer Debit Card Wire Transfer
Forex Trading NinjaTrader supports the trading of popular currencies including the EUR/USD. The trading software also offers unique features tailored to forex trading, including specific order and market windows.
Stocks Trading Stocks can be traded by connecting the NinjaTrader platform to supporting brokers. You can then take positions on large public companies and household names via advanced trading software.
Crypto Trading Trade micro Bitcoin futures with low fees and leading charting tools. Get exposure to Bitcoin through CME Group's centralized exchange with robust risk management tools.
Pros
Excellent trading software for active users with bespoke widgets and indicators
Low fees with $50 day trading margins & commissions from $.09 per micro contract
Easy account opening that takes a few minutes
Cons
Non forex and futures trading requires signing up with partner brokers
Premium platform tools come with an extra charge
Withdrawal fee on some funding methods
#4 - AvaTrade
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries.
"AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders."
- DayTrading Review Team
Instruments : CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
Regulator : ASIC, CBoI, FSA, FSCA, FSB
Platforms : MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
Min. Deposit : $100
Min. Trade : 0.01 Lots
Leverage : 1:30 (Retail) 1:400 (Pro)
Payment Methods AvaTrade accepts these 14 payment methods for deposits and withdrawals:
Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Western Union Wire Transfer
CFD Trading AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment.
Forex Trading AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions.
Stocks Trading AvaTrade is a top-rated broker with access to leading exchanges including NYSE & FTSE. Take positions on leading tech firms like Tesla, Apple and Microsoft with no restrictions and reliable support.
Crypto Trading Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada]
Pros
Plenty of free payment methods
Expert Advisors (EAs) supported
Excellent customer support
Cons
Inactivity fee after three months
Some withdrawal methods are slow
#5 - OANDA US
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
"We recommend OANDA for US traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick if you want a heavily regulated broker with a secure trading environment."
- DayTrading Review Team
Instruments : Forex, Crypto
Regulator : NFA, CFTC
Platforms : MT4, TradingView, AutoChartist
Min. Deposit : $0
Min. Trade : 0.01 Lots
Leverage : 1:50
Payment Methods OANDA US accepts these 5 payment methods for deposits and withdrawals:
ACH Transfer Debit Card Mastercard Visa Wire Transfer
Forex Trading OANDA offers 68 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools.
Crypto Trading Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Clients can spot trade cryptocurrencies on Paxos's itBit exchange through the OANDA platform via OANDA’s partnership with Paxos. Users can trade digital currencies in a few taps through the iOS and Android mobile app.
Pros
US clients accepted
Feature-rich app with 50 indicators, 11 drawing tools and 9 charting styles
Transparent pricing structure with no hidden charges
Cons
Customer support not available on the weekend
CFDs are not available to residents in the United States.
#6 - Deriv.com
Deriv.com is a multi-asset broker with over 2.5 million global clients. The firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house trading software and the hugely popular MetaTrader 5.
"Deriv.com will suit traders looking for 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 : MT5
Min. Deposit : $5
Min. Trade : 0.01 Lots
Leverage : 1:1000
Payment Methods Deriv.com accepts these 22 payment methods for deposits and withdrawals:
1ForYou ADVcash Airtm AstroPay Banxa Boleto Credit Card Diners Club FasaPay JCB Card Maestro Mastercard Neteller Paysafecard Paytrust Perfect Money Skrill Sticpay Trustly Visa WebMoney Wire Transfer
CFD Trading Trade CFDs on popular markets, including the broker's exclusive synthetic indices which are available 24/7. New users can open an account and start trading CFDs instantly.
Forex Trading Clients can go long or short on a string of major, minor and exotic currency pairs. Spreads are competitive vs alternatives starting at 0.5 pips. Forex CFDs are available via MT5 and multipliers on the broker's beginner-friendly DTrader.
Stocks Trading Speculate on big stocks like IBM, Netflix and BMW, along with equity indices like the S&P 500. Deriv also offers extended hours trading up to 18 hours a day on shares with support 7 days a week.
Crypto Trading Deriv.com offers a modest selection of 25+ crypto pairs with tight spreads and zero commissions. 1:2 leverage is also available so you can magnify potential returns.
Pros
Choice of investing platforms
Low $5 minimum deposit
Range of deposit and withdrawal methods with zero payment fees
Cons
Limited social and copy trading functionality
No sign-up bonuses and on-going promotions
#7 - Pepperstone
Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.
"Pepperstone is a best-in-class broker. Experienced traders benefit from razor sharp spreads with sophisticated automation tools and over 1000 instruments. Newer traders get user-friendly platforms, rich education materials and 24/7 support."
- DayTrading Review Team
Instruments : CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Regulator : FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Platforms : MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Min. Deposit : $0
Min. Trade : 0.01 Lots
Leverage : 1:30 (Retail), 1:500 (Pro)
Payment Methods Pepperstone accepts these 7 payment methods for deposits and withdrawals:
Apple Pay Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
CFD Trading Pepperstone is a fast and reliable CFD broker with 1200+ assets covering forex, commodities, shares, indices, and ETFs. You can also trade currency indices, which aren't available at many alternatives. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. Expert Advisors (EAs) are also supported for automated trading strategies.
Forex Trading Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention. Forex lots start at 0.01.
Stocks Trading Pepperstone offers hundreds of shares covering US, UK, Australian and German stock markets. Traders can go long or short on big names like Tesla with deep liquidity and competitive commissions.
Crypto Trading Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market.
Pros
Excellent suite of automated trading tools including Capitalise.ai, Smart Trader and API trading
Award-winning customer support via telephone, email or live chat
Wide selection of assets including currencies indices like the US Dollar Index
Cons
Traders from the US not accepted
Limited payment methods for UK clients
Cryptos only available for professional clients in some jurisdictions
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
#8 - IC Markets
IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.
"IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders."
- DayTrading Review Team
Instruments : CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Regulator : ASIC, CySEC, FSA
Platforms : MT4, MT5, cTrader, DupliTrade
Min. Deposit : $200
Min. Trade : 0.01 Lots
Leverage : 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Payment Methods IC Markets accepts these 15 payment methods for deposits and withdrawals:
BPAY Credit Card FasaPay Giropay Mastercard Neteller POLi PayPal QIWI Rapid Transfer Skrill TransferWise UnionPay Visa Wire Transfer
CFD Trading Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage.
Forex Trading Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.
Crypto Trading IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet.
Pros
Beginner-friendly social trading features including IC Social, Myfxbook and Zulutrade
Reliable MT4 and cTrader platforms and mobile apps
Fast order execution speed of under 40ms
Cons
Two-factor authentication not available for extra account security
No bonus deals for new traders
Traders from the US not accepted
#9 - XM
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.
"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education."
- DayTrading Review Team
Instruments : Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto
Regulator : ASIC, CySEC, DFSA, FSC
Platforms : MT4, MT5
Min. Deposit : $5
Min. Trade : 0.01 Lots
Leverage : 1:1000
Payment Methods XM accepts these 9 payment methods for deposits and withdrawals:
Apple Pay Credit Card Debit Card Google Wallet Neteller Perfect Money Skrill TransferWise Wire Transfer
CFD Trading Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.
Forex Trading XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.
Stocks Trading Trade hundreds of shares in major markets, including the US, UK, Europe and Asia. Traders can go long or short on stocks with commissions as low as $1 per transaction.
Crypto Trading XM offers crypto trading through CFDs. This means you can speculate on rising and falling prices with leverage. XM offers a good range of cryptocurrencies, including major tokens like Bitcoin.
Pros
Premium research including market sentiment, fundamental insights and strategy builders
Hugely respected brand with 30+ industry awards
Beginner-friendly education tools including podcasts and expert-led webinars in 16 languages
Cons
Traders from the US not accepted
$5 inactivity fee
#10 - Eightcap
Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.
"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."
- DayTrading Review Team
Instruments : CFDs, Forex, Stocks, Indices, Commodities, Crypto
Regulator : FCA, ASIC, CySEC, SCB
Platforms : MT4, MT5, TradingView
Min. Deposit : $100
Min. Trade : 0.01 Lots
Leverage : 1:30 (EU), 1:500 (Global)
Payment Methods Eightcap accepts these 13 payment methods for deposits and withdrawals:
BPAY Bitcoin Payments Credit Card Debit Card FasaPay Neteller POLi PayPal Skrill UnionPay Visa Wire Transfer WorldPay
CFD Trading Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.
Forex Trading Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. The VPS will also serve high-volume, active day traders.
Stocks Trading Trade 500+ US, Australian, and European shares on MT5 or TradingView. Bet on rising and falling share prices while using leverage to bolster potential profits. On the downside, fractional shares aren't offered.
Crypto Trading Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.
Pros
Good for day trading with ECN pricing, a forex VPS and automated trading software
Raw spreads from 0.0 pips and a competitive $3.5 per lot commission
Cryptocrusher market scanner with sentiment indicators, news and trading signals
Cons
Cryptocrusher platform not available for Australian clients
Only four commodities available
Demo account can only be extended upon request
HUMBL Pay
HUMBL Pay is a payment platform set to rival the likes of PayPal and Venmo. It offers instant mobile transfers to merchants via a QR code. The platform is very much in its infancy but in the future, HUMBL plans to offer peer-to-peer transfers and a HUMBL Hubs point of sale solution. This is set to make it a popular deposit and withdrawal option at top trading brokers.
HUMBL app
Speed
Paying merchants for goods and services on HUMBL Pay is instant. Therefore, it’s likely that depositing with a broker will be too. Withdrawals will be subject to broker processing times. As a result, 2-3 days processing time should be expected. Overall, it’s expected that HUMBL Pay will rival the payment times offered by the likes of VISA , Skrill and Neteller .
HUMBL Financial
HUMBL Pay Financial offers a revolutionary new asset class for investors called ETX. Pitted as the future of investing, an ETX takes the traditional ETF but focuses on blockchain. Investors can choose from a number of ‘blocks’ i.e funds comprised of various crypto assets including Bitcoin (BTC) , Ethereum (ETC) and DigiByte (DGB).
Blocks can be an index, thematic or active funds. The portfolio details and past fund performance are available through the research page. Blocks are periodically rebalanced to account for changes in market capitalisation, liquidity, and other factors incorporated in the block’s methodology.
HUMBL ETX
When a trader places a buy or sell request through HUMBL Pay, the order is placed on one of three exchanges, Binance , Coinbase or Bittrex. As a result, HUMBL Pay Financial is not a broker, instead, it is similar to an Expert Advisor which processes trades on behalf of an investor.
Fees
HUMBL Pay charges a single flat fee for investing in an ETX. Traders can also pay a $4.99 monthly subscription for access to the automated trading robot functionality.
Regulation
HUMBL Pay Financial is brand new to the market and is yet to be regulated by any recognised authority. As the firm expands its financial services offering, it’s likely this will change. HUMBL Pay plans to offer a number of services including credits cards and personal loans, which will require regulatory approval.
Security
HUMBL is not a broker, it offers ETXs based on algorithms in the same way that an Expert Advisor does. Therefore, the security of your funds sits with the exchange that processes your transaction. Trades are executed using encrypted APIs with trade-only capabilities.
Final Word On HUMBL Pay
HUMBL Pay is a fintech service that is still in its infancy. However, interest from the financial community has been strong since the success of the reverse merger with Tesoro Enterprises. As the firm expands its payment platform, we expect to see brokers offering HUMBL as a deposit and withdrawal method with low fees and rapid transaction speeds.
For those investing in blockchain technology, HUMBL Pay Financial’s ETX offering looks to change the face of crypto assets. The next couple of years will be crucial to the firm’s expansion plans – watch this space.
FAQ
What Is HUMBL Pay?
HUMBL Pay is a brand new payment platform set to rival the likes of PayPal and Venmo. It aims to connect consumers, freelancers and merchants in the digital economy with instant transfers.
What Is HUMBL Financial?
HUMBL Financial provides investors with an easy route into crypto assets. Offering a range of ETXs (blockchain-based ETFs) HUMBL Financial acts as an EA, automatically executing trades on one of three large exchanges: Binance , Coinbase and Bittrex.
Is HUMBL A Trading Broker?
No, HUMBL offers investment in ETXs via three popular crypto exchanges listed above. It is currently not regulated for the provision of financial services in any jurisdiction, but this is likely to change as it expands.
Where Is The HUMBL Pay App Available?
Currently, HUMBL Pay is only available in the United States, Mexico, Canada, Australia, New Zealand, and Singapore. However, there are plans to expand to 40 countries globally, including the UK and India.
HUMBL Pay customer support is available through the ‘Contact Us’ pay on their website. Staff are quick to respond to queries from consumers. HUMBL also has a number of social media channels that are monitored by the team, including Twitter and Instagram . Note, there is not currently a support email address.