Paysafecard Brokers 2024

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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

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:

Click a broker for details
  1. 1
    Deriv

    Ratings
    3.5 / 5
    4 / 5
    4.8 / 5
    3.3 / 5
    4.5 / 5
    3.8 / 5
    2.5 / 5
    3.8 / 5
    4.2 / 5
    4.5 / 5

    $5
    0.01 Lots
    1:1000
    MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
    CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs
    Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
    Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash, Przelewy24, Bitcoin Payments
    USD, EUR, GBP
  2. 2
    FXCC
    100% First Deposit Bonus Up To $2000

    Ratings
    3.3 / 5
    3.5 / 5
    3 / 5
    4 / 5
    3.3 / 5
    4.3 / 5
    2 / 5
    2.5 / 5
    4.8 / 5
    4.4 / 5

    $0
    0.01 Lots
    1:500
    CySEC
    CFDs, Forex, Indices, Commodities, Crypto
    MT4
    Skrill, Neteller, Rapid Transfer, Sofort, Paysafecard, Visa, Bitcoin Payments, Credit Card, Debit Card, Mastercard, Wire Transfer, UnionPay, Ethereum Payments, Netbanx Asia, Boleto
    USD, EUR, GBP
  3. 3
    XTB
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

    Ratings
    4.5 / 5
    4 / 5
    4 / 5
    4.3 / 5
    4 / 5
    4.3 / 5
    4.1 / 5
    3.8 / 5
    4.7 / 5
    4.1 / 5

    $0
    0.01 Lots
    1:30 (EU) 1:500 (Global)
    FCA, CySEC, KNF, DFSA, FSC
    CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
    xStation
    PayPal, Visa, Mastercard, Wire Transfer, Paysafecard, Skrill, Credit Card, Debit Card, Maestro, Neteller
    USD, EUR, PLN
  4. 4
    Axiory

    Ratings
    2.8 / 5
    4 / 5
    3.3 / 5
    3.8 / 5
    3.9 / 5
    3.5 / 5
    3.5 / 5
    3.5 / 5
    0 / 5
    0 / 5

    $10
    0.01 Lots
    1:1000
    IFSC Belize
    Forex, CFD indices, commodities
    MyAxiory App, MT4, MT5, cTrader, AutoChartist
    Neteller, Visa, Skrill, Sticpay, Paysafecard, Cashu, Credit Card
    USD, EUR
  5. 5
    Libertex
    78% of retail investor accounts lose money when trading CFDs with this provider.

    Ratings
    2.8 / 5
    2.8 / 5
    2.5 / 5
    3 / 5
    3.5 / 5
    2.8 / 5
    1.3 / 5
    1.8 / 5
    0 / 5
    0 / 5

    €100
    €20
    Up to 1:30 (Retail)
    CySEC
    CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs
    Libertex (and mobile app), MT4, MT5
    Sofort, Rapid Transfer, Credit Card, iDeal, Giropay, Neteller, Trustly, Skrill, Visa, Wire Transfer, Debit Card, PayPal, Przelewy24, Paysafecard
    EUR, GBP, CHF, PLN

This is why we think these brokers are the best in this category:

  1. Deriv - Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities.
  2. 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.
  3. XTB - 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 6400+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.
  4. 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.
  5. 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.

Paysafecard Brokers Comparison

Paysafecard Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage
Deriv logo
$5 CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView 1:1000
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500
XTB logo
$0 CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs xStation 1:30 (EU) 1:500 (Global)
Axiory logo
$10 Forex, CFD indices, commodities MyAxiory App, MT4, MT5, cTrader, AutoChartist 1:1000
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)

Deriv

"Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours."

Christian Harris, Reviewer

Deriv Quick Facts

Demo AccountYes
InstrumentsCFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs
RegulatorMFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
PlatformsDeriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP

Pros

  • Deriv stands out with its innovative products, from multipliers and derived indices to its addition of accumulator options, providing exclusive short-term trading opportunities.
  • Although response times trail alternatives in our personal experience, Deriv offers 24/7 support and is one of the few brokers to offer WhatsApp assistance.
  • Account funding is a breeze with a very low minimum deposit of $5 and a huge selection of payment options, plus Tether was added to the cashier in 2023.

Cons

  • While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders.
  • Apart from the MFSA in the EU, Deriv lacks top-tier regulatory credentials, reducing the level of safeguards like access to investor compensation.
  • Although there’s a basic blog, there's little in terms of technical analysis or market reports which could help active traders identify potential opportunities.

FXCC

"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. "

Jemma Grist, Reviewer

FXCC Quick Facts

Bonus Offer100% First Deposit Bonus Up To $2000
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Crypto
RegulatorCySEC
PlatformsMT4
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP

Pros

  • FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
  • There are no deposit fees except industry-standard mining charges on cryptos, which is advantageous for active traders
  • Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers

Cons

  • There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
  • FXCC’s single platform offering is a major drawback compared to many alternatives, notably AvaTrade which provides 5 platforms to suit different trader preferences
  • While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks

XTB

"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. "

Christian Harris, Reviewer

XTB Quick Facts

Demo AccountYes
InstrumentsCFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
RegulatorFCA, CySEC, KNF, DFSA, FSC
PlatformsxStation
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (EU) 1:500 (Global)
Account CurrenciesUSD, EUR, PLN

Pros

  • 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.
  • First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
  • With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.

Cons

  • 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.
  • 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.

Axiory

"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."

William Berg, Reviewer

Axiory Quick Facts

Demo AccountYes
InstrumentsForex, CFD indices, commodities
RegulatorIFSC Belize
PlatformsMyAxiory App, MT4, MT5, cTrader, AutoChartist
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR

Pros

  • 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
  • A good range of accounts are available with just a $10 minimum deposit required and Islamic swap-free versions
  • Axiory offers free, multiple demo accounts in any of the 3 platforms with no expiry, so clients can continuously test their day trading strategies risk-free

Cons

  • 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

Libertex

"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."

Tobias Robinson, Reviewer

Libertex Quick Facts

Demo AccountYes
InstrumentsCFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs
RegulatorCySEC
PlatformsLibertex (and mobile app), MT4, MT5
Minimum Deposit€100
Minimum Trade€20
LeverageUp to 1:30 (Retail)
Account CurrenciesEUR, GBP, CHF, PLN

Pros

  • Tight spreads
  • Helpful customer support available in multiple languages
  • Accepts wide range of funding methods

Cons

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

How Did We Choose The Best Paysafecard Brokers?

To identify the top Paysafecard brokers, we:

  • Pinpointed all the firms that accept Paysafecard payments from our list of 500 online brokers
  • Verified that they support Paysafecard deposits and withdrawals for online trading
  • Sorted them by their overall rating, derived from 100+ data points and our hands-on evaluations

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 $140 billion in 2023, 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

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.

Availability

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.

Speed

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.

Security

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

The process is fairly similar across most brokers. At XTB, for example, log in to the Client Office or click the deposit button from your xStation platform. Then choose the account you wish to deposit to and select Paysafecard from the list of options. Follow the on-screen instructions to complete the deposit.

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.

Fees

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

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.

FAQ

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.