Mastercard is one of the most widely used payment methods among traders and brokers. Investors 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.
This review explores everything from payment speeds to exchange rate fees. We also list the best brokers that accept Mastercard deposits in 2026.
Best Mastercard Brokers in Cyprus
Our rigorous tests have revealed that these are the top 6 brokers offering Mastercard payments:
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs -
- Demo account
- Regulator: FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms: TN Trader, MT4, TradingView
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- Demo account
- Regulator: ASIC, CySEC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Instruments: CFDs, Forex, Indices, Shares, Commodities
- Regulator: ASIC, CySEC, FSCA, FSC
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- AvaTrade 4.9/5 Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- Pepperstone 4.8/5 Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels.
- Trade Nation 4.4/5 Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- FBS 4.3/5 Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
Compare The Best Mastercard Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| AvaTrade | $100 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) |
| Pepperstone | $0 | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView | 1:30 (Retail), 1:500 (Pro) |
| Trade Nation | $0 | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only) | TN Trader, MT4, TradingView | 1:30 |
| Fusion Markets | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade | 1:30 |
| FBS | $5 | CFDs, Forex, Indices, Shares, Commodities | FBS App, MT4, MT5 | 1:30 |
| BlackBull | $0 | CFDs, Stocks, Indices, Commodities, Futures, Crypto | BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist | 1:500 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| AvaTrade | 13656 | ||||
| Pepperstone | 3720 | ||||
| Trade Nation | 2178 | ||||
| Fusion Markets | 10376 | ||||
| FBS | 10284 | ||||
| BlackBull | 3522 |
AvaTrade
Celebrating 20 Years in the industry, AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
- AvaFutures traders can now use TradingView for 100+ indicators, screeners and a calendar, the sharing of trade ideas, commissions from $0.45, intraday margins from $60, and access to exchanges like CME and EUREX.
Cons
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
Pepperstone
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
- Pepperstone provides trading in pre-IPO perpetual futures, including adding Anthropic in October 2026, giving traders 24/7 opportunities to speculate on anticipated share prices using cash-settled CFDs.
Cons
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
- Pepperstone has removed support for several tools that elevated the trading experience for active retail traders, notably Autochartist, Capitalise.ai and a free VPS for qualifying traders (now only pro traders in some countries).
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
Trade Nation
Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped.
Christian Harris, Reviewer
Trade Nation quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)
- Regulator
- FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms
- TN Trader, MT4, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.1 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK
Pros
- The demo comes with a $5,000 practice account and you can request a one-on-one platform walkthrough by callback - this level of personal help is rare.
- The broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CVMV, boosting its safety protections for European residents.
- Trade Nation accounts can now be linked with TradingView, providing advanced multi-charts and the ability to execute trades directly.
Cons
- Offshore SCB and FSA entities allow retail clients up to 1:200 and 1:500 leverage compared to 1:30 in regions like the UK, Europe and Australia, so an FSA client can have 16 times the exposure of a UK retail client on the same trade, but with less oversight and no compensation scheme.
- Withdrawals can take up to five business days, which is around the industry average but slower than the 1-3 days we’re increasingly seeing brokers offer in an attempt to quash withdrawal complaints from retail investors.
- There is no raw or ECN pricing tier, which are often prefered by day traders. No matter how much you deposit or trade, you use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers especially.
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, CySEC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- Fusion Markets offers best-in-class support with very fast, friendly and helpful responses during tests and no frustrating automated chatbot to navigate.
Cons
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
- While the selection of currency pairs trumps most rivals, the broker's alternative investment offering is average with no stock CFDs beyond the US.
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
FBS
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities
- Regulator
- ASIC, CySEC, FSCA, FSC
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, AUD, JPY
Pros
- FBS strikes the balance between robust features and ease of use, with a sign-up process taking <10 minutes, an intuitive app, advanced research through Market Analytics & more recently VIP Analytics, plus immersive education through the FBS Academy and Trader’s Blog.
- 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
- The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.
Cons
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
- There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- With two ECN-powered accounts (Standard and Prime), plus Prime+ - an active trader rewards program offering trading rebates - BlackBull accommodates beginners through to high-volume active traders.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- BlackBull is a much greater fit for aspiring traders following the overhaul of its ECN Prime account, now featuring improved spreads averaging 0.16 on EUR/USD and a more accessible minimum deposit of $0 compared to the old $2,000.
Cons
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
How Did We Choose The Best Mastercard Brokers?
To list the top Mastercard brokers, we:
- Referred to our extensive directory of 143 online brokers, pinpointing all those that accept Mastercard payments
- Verified that they support Mastercard deposits and withdrawals for online trading
- Ranked them by their overall rating, based on 200+ data points and our hands-on tests
Mastercard Overview
Mastercard is a multinational financial services corporation, with a history dating back to 1966 when it was established in the US. The firm has traded publicly since 2006, with shares listed on the NYSE stock exchange.
The company is based in the Mastercard International global headquarters in New York. Mastercard is currently led by CEO, Michael Miebach.
Similar to 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 luxury gold and black cards, which members can keep track of using the rewards app. Other brands of the company include Maestro and Masterpass.
In terms of earnings, according to recent annual reports and news, the firm’s revenue has reached over $25 billion. It also has hundreds of corporate head office locations worldwide, including London and Dubai.
Today, the corporation is partnered with some of the world’s largest companies including Amazon and Virgin. In addition, it leads charitable initiatives in Africa through the Mastercard Foundation.
Pros Of Trading With Mastercard
Accepted Everywhere
Payments are supported almost anywhere card transactions are accepted, including Europe, Africa, Asia, the UAE and America. Most brokers also offer funding via Mastercard – it remains one of the most popular deposits methods alongside bank transfers and e-wallets.
When comparing Mastercard vs Visa debit, both firms have extensive international coverage. They are some of the most used debit cards and are widely accepted at top trading brokers and platforms.
Rewards & Offers
The company offers a range of different perks, reward cards and voucher schemes, meaning traders can pay with bonus points that they earn from spending elsewhere. Elite Mastercard holders also enjoy discounts through the Priceless scheme, as well as travel insurance.
Prepaid gift cards (Your Choice Gift Card) are also available. This allows users to spend funds almost anywhere Mastercard is accepted. However, check that your broker supports this type of payment.
Chargebacks & Price Protection
The firm 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.
Secure
Mastercard is one of the safest ways to pay online. The company uses SecureCode (3d secure registration) which provides an additional layer of security to the account holder and helps to reduce fraud. Most trading platforms also employ various payment protocols.
Cons Of Trading With Mastercard
Cards Not Issued Directly
The company does not issue credit cards directly to the public, unlike similar companies such as American Express and Discover. Investors 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.
Fees
As with most credit cards, holders may be charged fees, interest rates and foreign exchange commissions, depending on the card you own. Investors may also need to check for any currency converter fees charged by the card issuer. In addition, some brokers pass on transfer costs to their clients, though the top brands offer fee-free deposits.
Speed
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, deposits with FP Markets are instant, whilst withdrawals take 1 business day.
Security
The company uses its own protection scheme known as SecureCode, the equivalent of a 3D secure code verification, which protects customers against fraud. SecureCode provides users with a one-time password via SMS which is generated by the issuing bank. The firm 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. Alternatively, see our brand reviews for further information.
How To Deposit Using Mastercard
You can request to pay via Mastercard from within your broker’s client area. At AvaTrade, for example, you would need to follow these steps:
- Log in to your client area
- Navigate to the ‘Deposit’ section and click on ‘Fund Your Account’
- Select the e-payment deposit method with the Mastercard logo
- Select the trading account you wish to deposit to and enter the amount
- Add your card details to the fields
- Click ‘Deposit’
Note that 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 is also worth looking out for any deposit or withdrawal limits within your trading account.
Charges
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 Good For Day Trading?
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 is the fees, if they apply to them, as well as varying processing times on the broker’s side.
Note that the corporation’s stocks and shares price can be found on the relevant online stock exchange.
FAQ
Which Brokers Accept Mastercard Deposits?
Mastercard is accepted in multiple regions around the world, by most major merchants. Most top brokers will accept online payments via Mastercard, including AvaTrade and Pepperstone. Alternatively, see our list of brokers that accept Mastercard deposits.
How Can I Contact Mastercard If There’s An Issue With My Deposit?
If you are experiencing payment problems at your broker, issues with your 3D Secure not working online, or have questions about chargebacks, you can contact the customer helpdesk telephone number.
Is Mastercard The Same As Visa Deposits?
Visa and Mastercard are both payment processing companies that handle customer transactions, 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. Most top-rated trading brokers accept both for deposits and withdrawals.