Best JCB Card Brokers 2024
A JCB card is becoming an increasingly popular payment solution for day traders. The transfer network, formed by the Japan Credit Bureau (JCB), is a major player in the payment card industry. This review will explain the benefits and drawbacks of using a JCB Card for online trading. We also discuss the company’s fee structure, security protocols and customer support, before listing the best brokers that accept JCB Card deposits.
Best JCB Card Brokers
Our rigorous tests have revealed that these are the best 5 brokers that accept JCB payments:
JCB Card Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage | Visit |
|---|---|---|---|---|---|
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- | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting | WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) | Visit |
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$5 | CFDs, Multipliers, Forex, Stocks, Indices, Commodities | Deriv Trader, MT5 | 1:1000 | Visit |
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$50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | ProTrader, MT4, MT5, TradingView, DupliTrade | 1:500 | Visit |
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$0 | Forex, CFDs, indices, shares, commodities, cryptocurrencies | MT4, AutoChartist, DupliTrade | 1:400 | Visit |
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$50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto | AppTrader, ProTrader, MT4, MT5, TradingView, TradingCentral | 1:1000 | Visit |
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$5 | CFDs on Forex, Stocks, Indices, Metals, Energies | MT4, MT5 | 1:1000 | Visit |
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$10 | Fixed Time Trades | Own | - | Visit |
#1 - AvaTrade
Why We Chose AvaTrade
AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
- Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
- Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail) 1:400 (Pro)
Pros
- WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
- The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
- Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
Cons
- Traders from the US are not accepted
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
- There is no ECN account with raw spreads
#2 - 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
- Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
- Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
Cons
- There's no loyalty program or rebate scheme for high volume traders
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
#3 - 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
- Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
- The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
#4 - Axi
Why We Chose Axi
Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."
- DayTrading Review Team
- Instruments: Forex, CFDs, indices, shares, commodities, cryptocurrencies
- Regulator: FCA, ASIC, DFSA, FMA
- Platforms: MT4, AutoChartist, DupliTrade
- Minimum Deposit: $0
- Minimum Trade: 0.01 Lots
- Leverage: 1:400
Pros
- A strong range of advanced tools are available for experienced day traders, including the Autochartist market scanner, VPS solutions and exclusive MT4 NexGen features
- The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners
- Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos
Cons
- The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more
- The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000
- There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app
#5 - Moneta Markets
Why We Chose Moneta Markets
Moneta Markets is a regulated multi-asset broker offering an excellent suite of 1000+ short-term instruments. There are no deposit fees and the minimum deposit is accessible at $50. The account opening process is also straightforward, taking just a few minutes to sign up and start trading. More than 70,000 traders have signed up with the ASIC, FSCA and FSA-regulated brokerage.
"Moneta Markets is a great pick for users looking to trade a wide range of markets with 1000+ instruments and high leverage up to 1:1000. Access to the powerful MT4 and MT5 platforms will also appeal to seasoned day traders."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator: FSCA, ASIC, FSA
- Platforms: AppTrader, ProTrader, MT4, MT5, TradingView, TradingCentral
- Minimum Deposit: $50
- Minimum Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- Access to top-tier charting platforms including MetaTrader 4 and MetaTrader 5
- Moneta Markets is a reputable broker regulated by the ASIC, FSCA and FSA
- Growing product portfolio for day traders with over 1000 assets, most recently fresh index CFDs
Cons
- You have to deposit $500 to access the best educational materials
- The broker's offshore regulation weakens legal safeguards for some traders
- The demo account expires after only one month
What Is A JCB Card?
The Japan Credit Bureau (JCB) is a leading payment player in East Asia. The company has a long history and was established in 1960 in Tokyo, Japan. Today, the company has a revenue of $3 billion and roughly 800 million people and 24 million merchants and businesses use JCB credit cards, spanning Asia, Europe and North America.
Traders can use a JCB card on several global networks including UnionPay in China, Discover in America and individual platforms operated by JCB merchants. The company currently has a market share of 1.1% of credit card issuers worldwide, behind MasterCard, UnionPay and Amex. A range of JCB card types is offered, including credit, debit, prepaid, visiting, premium and even gift cards.
Popular partners and JCB card providers include BDO, BCA, KBZ, UOB, OCBC and SBI Rupay.
One area that has seen strong growth for the company in recent years is day trading. A JCB card can be used to conveniently fund live trade accounts and an increasing number of brokers now accept their cards, including FXTM and Plus500.
Speed
Transactions using a JCB card are executed instantly, so traders can rely on being able to take advantage of market opportunities quickly. The market can often change at the drop of a hat and the ability to respond promptly can be the difference between profit and loss.
Withdrawal times are also prompt, although processing times may vary between brokers.
Security
JCB implements several measures to ensure the safety of client funds. In addition to being 3D secure (3DS) and using unique CVV codes, the company implements:
- J/Secure – An authentication program that protects against identity theft. The system adds an important identity verification step that enables people to authenticate their JCB card with a user password. It has been in operation since 2004.
- J/Smart – An EMV-compliant chip card application. JCB is a member of EMVCo alongside American Express, Discover, MasterCard, UnionPay and Visa.
In addition, alongside other leading payment networks, JCB founded the Payment Card Industry Security Standards Council in 2006. This was an initiative set up to manage the evolution of payment security on an international level. Today, it works to protect customer information and prevent card fraud.
Every JCB card also has a holographic magnetic strip, or ‘hologram’, that prevents counterfeiting.
Be wary of any website that claims to be a JCB card generator or offers to test or sample your JCB card number, these tend to be fraudulent operations and you could be putting your capital at risk.
How To Deposit Using A JCB Card
To use a JCB card to fund a trading account, you will need a card registered in your name. You can apply for a JCB card from your bank or a merchant partner of the network.
Once you own a JCB card, head to the payment section of your broker’s online platform and enter your card details to either make a deposit or withdraw funds. Deposits made with a JCB card are normally executed instantly. The minimum sum tends to be set by the individual broker, so check out the relevant terms.
JCB cards can also be used to draw money from ATMs. You will need your 4 digit pin code to do so.
Pros Of Using A JCB Card For Traders
Using a JCB card to fund your trading account can make sense for many traders. In addition to its convenience, benefits include:
- Broker integration – JCB cards are accepted by an increasing number of brokers, meaning that traders today have more choices than ever.
- Range of cards – JCB offers several different cards, including options tailored to specific markets. Whether you’re interested in a credit or debit card, you can find an option that works for you.
- Reputable – a brand isn’t everything but, in this case, it does afford a sense of security. Traders can relax knowing that their funds are in the hands of a massive global corporation.
- Security – JCB take security seriously. There are several measures in place on their own systems and the company plays an active role in working to improve transactional security on the global stage.
Cons Of Using A JCB Card For Traders
Traders should also be aware of the limitations of using a JCB card to fund their live accounts:
- Limited acceptance – not all brokers accept a JCB card for deposits. Be sure to check the broker’s payment terms before you invest.
- US operations closed – whilst JCB cards are still accepted on the Discover network, the company has closed its US credit card operations.
- Competitors – when comparing JCB against competitors, such as Mastercard, it trails in market share, exchange rates and acceptance. JCB does, however, offer both free and paid options, whereas Mastercard only offers paid solutions. Other competitors, like PayPal and Paymaya, also have benefits over a JCB Card.
Additional Benefits
A wide range of JCB card options are offered, including credit, debit, prepaid, plus gift cards to spend on Amazon. Some of the more premium card options include JCB The Class Card, JCB Gold Card BDO, Aaeon J-Premier Platinum Card and JCB Platinum – RCBC Bankard. These options provide tiers of benefits not available to standard cardholders, including access to VIP lounges.
Not all benefits are exclusive, however, as standard JCB cardholders can enjoy free access to attractions like riding the Hawaii Waikiki Trolley. Promotional schemes change year by year, so stay up to date with what’s on offer.
Accepted Countries
Not all JCB credit and debit cards will be available in every country. Accepted countries include Japan, India, Sri Lanka, Cambodia, Brazil, Mongolia, Myanmar, Germany, Pakistan, Russia, Austria, Bangladesh, Malaysia, Laos, Vietnam, China, France, Taiwan, Hong Kong, Indonesia, Korea, Philippines, Thailand, Bangladesh, Pakistan, Australia, New Zealand, Canada, USA, UAE, Singapore, UK, Turkey and Egypt.
Customer Support
Existing cardholders can contact the JCB team by calling the number on the back of their card. If you’re new to JCB, head to the contact tab on the website. You’ll find a card issuer list in addition to contact details and a credit card hotline. The support team is responsive and able to assist with a range of queries, from account login to registration, validation and how to deal with your card being declined.
The company is not currently active on social media platforms like Facebook or Twitter but, whilst they do not operate their own YouTube channel, others have taken the time to create videos detailing their experiences with their JCB card and, specifically, their use for trading. There are lots of great experiences and examples to draw from and the content tends to be varied, so whether you’re looking for information regarding fake cards, bin ranges, loans or compatibility with Apple Pay and Amazon, you can find answers.
Are JCB Card Payments Good For Day Trading?
A JCB card could make funding your trading account quicker, easier and more convenient, especially if you’re already a cardholder. The company is accepted by brokers worldwide, so whether you’re in Cardiff or Hong Kong, you should have plenty of trading platform options to choose from.
The major positives of JCB’s services include their robust security, instant execution and range of card options. Much like Visa or Mastercard, the JCB logo is an icon and indication of quality reassuring traders that their money is in safe hands. Overall, we recommend a JCB card as a reliable method to fund your trading account. See our list of brokers that accept JCB Card deposits to start trading today.
FAQ
How Can I Use A JCB Card To Deposit To My Broker?
A JCB credit card operates just like a standard credit card but is issued by the Japan Credit Bureau. This means you can transfer funds to and from your live trading account using the credit/debit card payment option at your broker.
Is It Possible To Use A JCB Credit Card At UK Brokers?
Yes, JCB cards are widely used by UK-regulated brokers and accepted by most merchants. Popular firms include AvaTrade, Vantage and Saxo.
How Do I Contact JCB If There Is An Issue With My Trading Deposit?
The phone number for customer support if you’re based in Japan is 0120 500 544. Alternatively, head to the ‘contact’ tab on the company website to get in touch with the international customer service team.