Best Maestro Brokers 2024

Maestro is a method of payment that e-merchants and sellers accept in exchange for goods or services, including trading brokers. This review will go over how Maestro works and its pros and cons for funding online trading accounts. We also unpack deposit and withdrawal speeds, transaction limits, plus what differentiates it from other popular payment solutions. Use our list of the best brokers that accept Maestro deposits directly below to start trading.

Best Maestro Brokers

Our thorough tests have revealed the below 1 best brokers with Maestro payments:

Maestro Brokers Comparison

Maestro Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 - Visit

#1 - Pocket Option

Why We Chose Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

- DayTrading Review Team
  • Instruments: Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
  • Regulator: MISA
  • Platforms: Web, MT4, MT5
  • Minimum Deposit: $50
  • Minimum Trade: $1

Pros

  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • Extremely fast and smooth sign-up process that takes less than 2 minutes
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders

Cons

  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

About Maestro

The financial services company Mastercard introduced Maestro debit cards and prepaid cards in 1991. The debit cards are connected to a customer’s account, be it current, savings, or other, while a prepaid card isn’t connected to any account. They were introduced primarily to facilitate low-cost, cross-border payments.

The brand is accepted at around 15,000,000 point of sales outlets in 93 countries, including the USA, Canada, and Hong Kong, but it is particularly popular in Europe. Other countries, like China and the UK, replaced Maestro debit cards with Mastercard and Visa debit cards, and no longer issue Maestro.

Despite this, there is still a long list of brokers that accept Maestro cards spanning most major trading jurisdictions. And due to fast payment processing and transparency in terms of traders only being able to spend the funds in their account, Maestro brokers are popular with retail investors.

Maestro cards were the leading debit card a decade ago, accepted by all ATMs with the Suiche7B, Mastercard, Conexus and Cirrus logos. However, in 2021, Mastercard announced it will replace all lost or damaged Maestro debit cards with Mastercard. No new cards will be issued in Europe after 1 June 2023.

Deposit & Withdrawal Speed

Most Maestro brokers, such as XTB, eToro and XM, offer instant deposits. However, some trading platforms require a copy of personal identity documents before processing payments, which can cause delays. Additionally, some banks have extra security precautions which can mean funds won’t appear in trading accounts for several hours.

Withdrawal times often take longer as many Maestro brokers have to satisfy KYC checks and validate profits before releasing funds. With that said, timelines do not differ between card transactions, whether it be Visa debit, Mastercard credit, or Maestro debit/pre-paid cards. Most brokers that accept Maestro process withdrawals within 1-5 business days.

Payment Fees

There are not normally additional fees when using the solution to make deposits to trading accounts, which is an advantage over other payment methods, such as wire transfers and cryptos. Both eToro and XM, for example, offer fee-free deposits and withdrawals via Maestro.

With that said, some brokers that accept Maestro may charge a small commission, alongside a currency conversion fee. Currency conversion fees are often fixed, proportionate to the volume of the profit you are withdrawing.

Safety

The company is a trusted and regulated payment service in all countries and cities where it operates. The brand is owned by Mastercard, which provides end-to-end encryption on all transactions. This means your personal details are protected.

The best way to ensure any sensitive information is safe is also to trade with regulated Maestro brokers. Some of the top financial regulators include the Cyprus Securities & Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Australian Securities & Investments Commission (ASIC).

Advantages Of Maestro Deposits For Traders

Disadvantages Of Maestro Deposits For Traders

How To Deposit Using Maestro

Is Maestro Good For Day Trading?

Maestro cards are recognized worldwide, including by many of the top online brokers and trading platforms. Traders benefit from near-instant deposits, fee-free account funding, plus robust security measures. The only major drawback is that Maestro cards are being replaced by Mastercard in some locations.

Use our list of the top brokers that accept Maestro deposits and withdrawals to start trading.

FAQ

Is Maestro The Best Way To Make Trading Deposits?

Maestro is a popular way to fund online trading accounts. Investors simply need to enter their card details at supporting brokers and funds should appear within a couple of hours. Withdrawals can take longer but are usually free of charge and secure.

How Can I Be Safe When Using Maestro Whilst Trading?

Maestro uses heavily regulated online servers for carrying out transactions and offers end-to-end encryption within its payment portals. Additionally, make sure you use a secure password to access your account. It’s also worth signing up with trusted Maestro brokers that offer two-factor authentication at the login stage.

Should I Get A Maestro Card For Trading?

Although making payments with Maestro means instant deposits and secure transactions globally, it is being discontinued in some jurisdictions. With that in mind, traders may prefer to use Visa or Mastercard. Alternatively, e-wallets like PayPal and Neteller are supported by many of the top trading brokers.

What Are The Best Brokers That Accept Maestro Deposits?

There are many top-rated trading brokers that accept Maestro. Among the best trading platforms are eToro, XTB, and XM. See our full list of leading Maestro brokers to compare different brands.