Best Paysafecard Brokers 2024

The Paysafe Group Limited is a multinational online payment solution for businesses, including trading brokers. Services include secure cross-border e-commerce and alternative payments. This review focuses on using a Paysafecard for day trading, specifically online account opening and deposits, along with any fees for traders. We also list the best brokers that accept Paysafecard deposits.

Best Paysafecard Brokers

Following our tests, these are the top 5 brokers that support Paysafecard payments:

Paysafecard Brokers Comparison

Paysafecard Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 Visit
XTB logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs xStation 1:30 (EU) 1:500 (Global) Visit
Axiory logo
$10 Forex, CFD indices, commodities MyAxiory App, MT4, MT5, cTrader, AutoChartist 1:1000 Visit
Libertex logo
€100 CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs Libertex (and mobile app), MT4, MT5 Up to 1:30 (Retail) Visit logo
$5 CFDs, Forex, Stocks, Cryptos MT5 1:1000 Visit

#1 -

Why We Chose 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.

" 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


  • Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
  • Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
  • There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits


  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
  • There's no loyalty program or rebate scheme for high volume traders
  • The range of 100+ assets trails some competitors such as Quotex which offers 400+

#2 - FXCC

Why We Chose FXCC

FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis 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.

"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Crypto
  • Regulator: CySEC
  • Platforms: MT4
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500


  • There are no restrictions on short-term trading strategies like day trading and scalping
  • Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers
  • There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders


  • Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
  • FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences
  • There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG

#3 - 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)


  • With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
  • 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.
  • With over 5,600 instruments across forex, stocks, indices, ETFs, commodities, and cryptocurrencies, including CFDs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors.


  • XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite.
  • 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.
  • The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.

#4 - Axiory

Why We Chose Axiory

Founded in 2011, Axiory is a regulated forex and CFD broker offering tight spreads and highly leveraged trading on industry-leading platforms: MT4, MT5 and cTrader. The broker has won multiple global awards and is regulated by the FSC in Belize and the FSC in Mauritius.

"Axiory remains a top choice for beginners with its low deposit, unlimited demo account and high-quality education. Experienced day traders will also appreciate the advanced capabilities of the cTrader platform, although the range of 150+ instruments may be too restricting."

- DayTrading Review Team
  • Instruments: Forex, CFD indices, commodities
  • Regulator: IFSC Belize
  • Platforms: MyAxiory App, MT4, MT5, cTrader, AutoChartist
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000


  • The broker continues to improve its market coverage by introducing real stocks alongside stock CFDs
  • A good range of accounts are available with just a $10 minimum deposit required and Islamic swap-free versions
  • Spreads are decent based on tests, coming in at 0.3 pips for EUR/USD, which is in line with some of the best low-cost forex brokers


  • Although regulated in Belize and South Africa, Axiory doesn’t hold any top-tier licenses in Europe, the US or the Asia-Pacific region
  • It’s a shame that copy trading services are not offered for beginners or strategy providers
  • Only USD and EUR are accepted as account base currencies, so many clients may have to pay conversion fees

#5 - Libertex

Why We Chose Libertex

Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.

"Libertex will appeal to both beginner and experienced traders thanks to its easy-to-use platform and low fees. The brand is also a good pick for share dealing with commission-free stock investing."

- DayTrading Review Team
  • Instruments: CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs
  • Regulator: CySEC
  • Platforms: Libertex (and mobile app), MT4, MT5
  • Minimum Deposit: €100
  • Minimum Trade: €20
  • Leverage: Up to 1:30 (Retail)


  • 40+ industry awards
  • Tight spreads
  • Accepts wide range of funding methods


  • Limited account options
  • Lacks educational content and other features
  • List of tradeable underlying assets is small compared to rivals

Paysafecard Details

Paysafe Group PLC has been a market leader for over 20 years, offering proprietary payment solutions to businesses across various industries including forex trading, betting sites, and retail shops such as Amazon. Current firm owners are CVC and Blackstone, with recent news suggesting Paysafe Payment Solutions Limited is nearing an IPO through a merger, which could lead to a surge in its stocks and shares price.

With a transactional volume of over $80 billion in 2017, Paysafe’s purpose is to seamlessly connect merchants with customers through industry-leading capabilities in payment processing, digital wallet, and online cash solutions from its office headquarters in London, UK.

Paysafecard brokers

Pros Of Trading With Paysafecard


The classic prepaid card is available at over 650,000 points of sale in 50+ countries including the UK. It’s also available in 30 currencies, including Euro and GBP. Users don’t need to share credit and debit card details online to maintain anonymity. The Paysafecard/Paysafe Karte can also be used to top up e-wallets.

A range of e-voucher codes and free gift cards are available providing payment perks. You can buy a Paysafecard from multiple online providers, such as Dundle. The Paysafecard is available in multiple locations, from Germany and Greece to Romania, France, Ireland and India.

Paysafecard Mastercard

The Mastercard lets users top-up from their Paysafe account for free with no prior credit checks. Daily transaction limits, maximum balance holding, and withdrawal amounts are much higher than the Paysafecard so it could suit more experienced traders. A junior account is also available.

Cash Payments

The Paysafecash option can be used by clients to upload cash directly to Paysafe accounts and digital wallets such as Skrill and Neteller. Traders can then easily transfer money into their day trading account.

Customer Service

Paysafecard offers a range of customer service options including email, a comprehensive FAQ section, and a contact form for payment issues. There is also a responsive live chat support team to help with refund queries, along with forums online. Head to the company’s website to speak to an agent.

Mobile App

You can view recent transaction status and find sales retailer outlets via the payment provider’s mobile app. The free application is available for download to iOS and Android devices. Mobile top-up PINs are also available to add funds.

Cons Of Trading With Paysafecard

Transaction Size

The standard maximum payment of €250 is unusually low and may not be suitable for trading account deposits. Traders looking to regularly deposit large sums may want to consider alternative payment options.


Despite its well-known reputation in online payment processing, PaySafe Group brands Skrill and Neteller are more established as deposit methods for traders given their favourable e-wallet advantages, such as rapid processing, high-security and easy-access digital wallets.


Transaction times with the Paysafecard are usually quick and you can fund your trading account within a couple of minutes. Note that your broker may have their own deposit and withdrawal processing times depending on the payment method, which can cause delays.


Paysafe has over 20 years of experience in processing payments with a high standard of PCI compliance and annual audit reporting. Regular penetration testing is also integrated into services with supporting advice for consumers about scams.

Paysafecard is authorised through an e-money service license from the British Financial Conduct Authority. All merchants are also subject to money laundering and fraud checks. The company is a legitimate and respected payment provider.

How To Deposit Using Paysafecard

Look for the Paysafecard logo in your broker’s deposit section and follow the onscreen instructions. Note providers have varying minimum and maximum transaction amount limits. Certain brokers and retailers may also have verification requirements upon login and withdrawal.  Speak to the customer support team if you need further information on how to add money to your Paysafecard and how to use your online account.

Note, you may want to see if a broker has any sign-up deposit bonuses before you make payment.


It’s free to sign up and register for a virtual Paysafecard, however, the following charges may apply:

An annual fee of £8 applies for the Paysafecard Mastercard and various additional charges apply, along with a £4,000 balance limit.

Is Paysafecard Good For Day Trading?

Paysafe is a globally established payment provider with various supported transaction methods and the integration of pre-paid cards. Traders should, however, be aware of the fees as well as the transaction and account limits when trading with a Paysafecard or Paysafecard Mastercard.


What Is A Paysafecard And How Does It Work At Trading Brokers?

A Paysafecard is a virtual card that can be used to make payments online and fund trading accounts. The cards can be bought from multiple payment providers and offer anonymity to users.

Which Brokers Accept Paysafecard Deposits?

Several top-rated brokers offer Paysafecard, including Deriv, FXCC and XTB. Check out our list of top brokers with Paysafecard to find the best option for you.

Are Paysafecard Deposits Fast?

Yes, Paysafecard typically processes deposits within minutes. Note that your broker may have their own processing times, though deposits are usually instant.