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 Belgium
Our rigorous tests have revealed that these are the top 6 brokers offering Mastercard payments:
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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
-
- Demo account
- Regulator: CySEC, MISA
- Platforms: MT4, MT5
84.6% of retail CFD accounts lose money. -
- Demo account
- Platforms: xStation
- Min. deposit: $0
75% of accounts lose money when trading CFDs with this provider. -
- Demo account
- Instruments: CFDs, Forex, Indices, Commodities
- Regulator: CySEC, AFM
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- Demo account
- Regulator: FCA, CySEC, FSCA, FSC
- Platforms: WebTrader, UM Social, UM App, MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- 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.
- FXCC 4.6/5 FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Comoros Union and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- XTB 4.8/5 Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.
- LiteForex Europe 3.7/5 LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.
- Ultima Markets 3.9/5 Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
Compare The Best Mastercard Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| 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 |
| FXCC | $0 | CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto | MT4, MT5 | 1:30 |
| XTB | $0 | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | xStation | 1:30 |
| LiteForex Europe | $50 | CFDs, Forex, Indices, Commodities | MT4, MT5 | 1:30 |
| Ultima Markets | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | WebTrader, UM Social, UM App, MT4, MT5 | 1:30 (EU), 1:2000 (RoW) |
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 |
|---|---|---|---|---|---|
| FBS | 10284 | ||||
| BlackBull | 3522 | ||||
| FXCC | 225 | ||||
| XTB | 3049 | ||||
| LiteForex Europe | 687 | ||||
| Ultima Markets | 1011 |
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
- The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
- 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
- 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.
- 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.
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
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
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.
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
- Regulator
- CySEC, MISA
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- The free VPS for qualifying traders and the ability to build or buy EAs on MetaTrader make FXCC a strong option for algo traders.
Cons
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
XTB
XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.
Christian Harris, Reviewer
XTB quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
- Regulator
- FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
- Platforms
- xStation
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP
Pros
- First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
- Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
- The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.
Cons
- The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.
- XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
- Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
LiteForex Europe
LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders.
William Berg, Reviewer
LiteForex Europe quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Commodities
- Regulator
- CySEC, AFM
- Platforms
- MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CHF
Pros
- LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
- The broker offers a VPS server for experience day traders looking to run their auto strategies continuously
- A proprietary copy trading system is available which allows you to copy other trading patterns
Cons
- There are limited funding methods compared to other top day trading brokers
- Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
Ultima Markets
Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.
Jemma Grist, Reviewer
Ultima Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO
- Regulator
- FCA, CySEC, FSCA, FSC
- Platforms
- WebTrader, UM Social, UM App, MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD
Pros
- Free deposits and withdrawals with multiple base currencies
- Education has been stepped up with the Academy, featuring 1,100+ articles
- Fast execution speeds averaging <20ms
Cons
- $20,000 minimum deposit required for the very best trading conditions
- Weak regulatory oversight through the offshore branch
- Slow sign-up process compared to rivals
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.