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 5 best brokers with Maestro payments:

Maestro Brokers Comparison

Maestro Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
Interactive Investor logo
£0 Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs Own - Visit
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App - Visit
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) Visit
XTB logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs xStation 1:30 (EU) 1:500 (Global) Visit
FBS logo
$5 CFDs, forex, indices, shares, commodities, cryptocurrencies MT4, MT5 1:30 (EU & Restricted Countries), 1:3000 (Global) Visit
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 - Visit
Axi logo
$0 Forex, CFDs, indices, shares, commodities, cryptocurrencies MT4, AutoChartist, DupliTrade 1:400 Visit
Capex logo
$100 Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds, ETFs, blends MT5, TradingCentral 1:30 (Retail), 1:300 (Pro) Visit
Dukascopy logo
$100 Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options MT4, AlgoTrader 1:200 Visit
FXTM logo
- Forex, CFDs, Indices, Commodities, Stocks FXTM App, MT4, MT5 - Visit
GC Option logo
$10 Binary Options on Forex, Metals and Cryptos MT4, TradingView - Visit
IQ Option logo
$10 CFD, Forex, Crypto, Stocks, Digital Options Own 1:500 Visit
Expert Option logo
$10 Options, Stocks, Commodities, Forex, Crypto, Futures, Expert Option Web Platform N/A 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

#2 - Interactive Investor

Why We Chose Interactive Investor

Interactive Investor are a hugely respected, FCA-regulated investing firm. The trading platform is easy-to-use while the sign-up and deposit process is straightforward for new investors. ii also has a long track record and a string of industry awards under its belt.

"Interactive Investor is an excellent pick for UK traders interested in longer-term investing products like ISAs and SIPP accounts. The low fixed fees for large portfolios and 40,000+ stocks will also appeal to traders with a decent bankroll."

- DayTrading Review Team
  • Instruments: Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs
  • Regulator: FCA
  • Platforms: Own
  • Minimum Deposit: £0
  • Minimum Trade: £25

#3 - Quotex

Why We Chose Quotex

Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."

- DayTrading Review Team
  • Instruments: Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
  • Platforms: Web Platform, Mobile App
  • Minimum Deposit: $10
  • Minimum Trade: $1

#4 - FxPro

Why We Chose FxPro

Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.

"FxPro is best for experienced traders looking for wide market access, premium research tools and advanced charting platforms. The competitive fees and fast execution will serve serious short-term traders, whilst the BnkPro investment service will appeal to those looking for long-term e-money solutions."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Futures
  • Regulator: FCA, CySEC, FSCA, SCB, FSC
  • Platforms: FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)

#5 - XTB

Why We Chose XTB

Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.

"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs
  • Regulator: FCA, CySEC, KNF, CNMV, DFSA, FSC
  • Platforms: xStation
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (EU) 1:500 (Global)

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.