Mastercard Brokers 2021 - Which Brokers Accept Mastercard?

Mastercard is one of the most widely used payment methods among traders and brokers. Those who own debit/credit cards or prepaid cards with the Mastercard logo can enjoy quick deposits into their trading accounts, as well as ‘Priceless’ benefits. Traders are also protected by SecureCode and login security features, as well as chargeback rights.

If you’re wondering whether Mastercard could be a good payment option for you, we explore everything from payment speeds to exchange rate fees.

Mastercard Brokers

EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Quotex offers a proprietary web platform that offers digital options and copy trading.
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Binance is one of the leading online crypto exchanges offering Bitcoin.
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
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Mastercard Overview

Mastercard is a multinational financial services corporation, established in the U.S. in 1966. The company is based in the Mastercard International global headquarters in New York, but its operations centre is located in Missouri. The company is currently led by CEO, Ajaypal Singh Banga. The company has traded publicly since 2006, with shares listed on the NYSE stock exchange.

Much like Visa, Mastercard provides worldwide payment gateway services for merchants and card-issuing banks who use the branded cards. The company offers a range of plastic, prepaid and gift cards, including the luxury gold and black cards, which members can keep track of using the rewards app. Other brands of the company include Maestro and Masterpass.

According to the 2019 annual report, Mastercard’s revenue reached over $16.8 billion, with hundreds of corporate head office locations worldwide, including London and Dubai. Today, Mastercard is partnered with some of the world’s largest companies including Amazon and Virgin, and also leads charitable initiatives in Africa through the Mastercard Foundation.

mastercard brokers

Pros Of Trading With Mastercard

Accepted Everywhere

Mastercard payments are supported almost anywhere where card transactions are accepted, including Europe, Africa, Asia, the UAE and America. Most brokers also offer funding via Mastercard, as it remains one of the most popular methods alongside bank transfers and e-wallets.

Rewards & Offers

Mastercard offers a range of different perks, reward cards and voucher schemes, meaning traders can pay with rewards that they earn from spending elsewhere. Elite Mastercard holders also enjoy discounts through the Priceless scheme, as well as travel insurance.

Chargebacks & Price Protection

Mastercard offers chargeback protection for customers if there are issues with the goods or services provided, or if the merchant goes bust. For traders who are unsure how a chargeback would work if something went wrong with their broker, it’s worth checking the rules beforehand.


Mastercard is one of the safest ways to pay online. The company uses SecureCode (3D secure verification) which provides an additional layer of security to the account holder and helps to reduce fraud.

Cons Of Trading With Mastercard

Cards Not Issued Directly

Mastercard does not issue credit cards directly to the public, unlike similar companies such as American Express and Discover. Traders who wish to send funds to their trading account but don’t already have a Mastercard will need to apply for one through their bank.


As with most credit cards, Mastercard holders may be charged fees, interest rates and foreign exchange commissions, depending on the card you own. Traders may also need to check for any currency converter fees charged by the card issuer before making deposits.


Payments via Mastercard are usually processed quickly, but the time it takes for your deposit or withdrawal to be credited to your account will depend on the broker. For example, Mastercard deposits with FP Markets are instant, whilst withdrawals take 1 business day.


Mastercard uses its own protection scheme known as SecureCode, the equivalent of a 3D secure code, which protects customers against fraud. SecureCode provides users with a one-time password via SMS which is generated by the issuing bank. The company also uses login encryption features and ID checks when payments are made online.

Connect with your broker for their security features and any refund concerns.

Deposits & Withdrawals

You can request to pay via Mastercard from within your broker’s client area. Note that brokers may have their own transaction processing rules, for example via a payment form. Depending on your country of residence, you may also need to verify your payment card by submitting a photo of the 16-digit number and 3-digit security code.

Withdrawals often take slightly longer than deposits and some brokers only allow you to withdraw the same amount that you deposited. It’s also worth looking out for any deposit or withdrawal limits within your trading account.


Some fees may apply depending on the card you are using. These will include interchange fees and FX rates if you are depositing in another currency. Details of specific fees can be provided by your bank.

Note that your broker may also be charged merchant fees by Mastercard which they may pass on to you, depending on their business model. You can usually find details of fees on the broker’s website or by contacting the customer support team.

Is Mastercard A Good Choice For Traders?

Mastercard is a secure, reliable and convenient payment method for any trader who owns a card with the iconic branding. Despite the variety of e-wallet and instant payment solutions available worldwide today, it’s difficult to find a forex broker that doesn’t still offer Mastercard payments. The only downside for traders would be the fees, if they apply to them, as well as varying processing times on the broker’s side.

Note Mastercard stocks and shares price can be found on the relevant online stock exchange.


What is Mastercard?

Mastercard is a multinational card payment gateway which processes payments between customers and merchants. The Mastercard logo can be found on any participating debit/credit card or prepaid card issuers, and payments can be managed through your online banking portal.

Is Mastercard the same as Visa? 

Visa and Mastercard are both payment processing companies which handle customer transactions, both online and in store. The main difference between the two is the different rewards and benefits that they offer, as well as their unique security features.

Who accepts Mastercards? 

Mastercards are accepted in multiple regions around the world, by most major ATM machines and merchants. Most brokers will also accept Mastercard payments, but you can check this on the broker’s website by visiting the funding section.

How can I contact Mastercard?

If you are experiencing payment problems, issues with your 3D Secure not working online, or have questions about chargebacks, you can contact the customer helpdesk telephone number on 0800 964 767.

Does Mastercard do debit cards? 

Yes, Mastercard offers World Debit and standard debit cards which come with the Priceless benefits scheme as well as Zero Liability protection. Contact your bank to find out more.