Best Rapid Transfer Brokers 2024

Rapid Transfer is an instant online payment system launched by Skrill and supported by other well-known brands, including Neteller. With no sign-up needed and a fast login to digital banking, investors can make direct money deposits into their trading accounts. Find out if Rapid Transfer by Skrill is a safe option, as we review the payment process, fees, deposit limits, rewards points and more. We have also compiled a list of the best brokers that accept Rapid Transfer deposits.

Best Rapid Transfer Brokers

These are the top 8 brokers that we tested which offer Rapid Transfer payments:

Rapid Transfer Brokers Comparison

Rapid Transfer Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs R StocksTrader, MT4, MT5 1:2000 Visit
InstaForex logo
$1 Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures MT4, MT5 1:1000 Visit
eToro logo
$10 Stocks, ETFs, Options, Crypto eToro Web, CopyTrader, TradingCentral - Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 Visit
FBS logo
$5 CFDs, forex, indices, shares, commodities, cryptocurrencies MT4, MT5 1:30 (EU & Restricted Countries), 1:3000 (Global) Visit
OBR Invest logo
$250 Forex, commodities, cryptocurrencies, stocks, indices MT4, TradingCentral 1:30 (Retail), 1:400 (Pro] 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

#1 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Min. Deposit: $200
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

Pros

  • IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • With ultra-fast execution speeds averaging 35 milliseconds and deep liquidity, IC Markets provides an optimal trading environment for scalpers, hedgers, and algorithmic traders.

Cons

  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.

#2 - RoboForex

Why We Chose RoboForex

RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active day traders.

"RoboForex is a good pick for traders looking for a vast range of day trading markets with ECN accounts, powerful charting platforms and loyalty promotions. Real stocks traders will also appreciate the R Stocks Trader terminal, with automated trading capabilities."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs
  • Regulator: FSC
  • Platforms: R StocksTrader, MT4, MT5
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:2000

Pros

  • The proprietary R Stocks Trader terminal rivals leading platforms like MT4, with netting and hedging capabilities, comprehensive backtesting, and Level II pricing
  • Traders can get two free withdrawals each month, among other promotional deals
  • ECN and Prime accounts are available for active day traders looking for low fees and market execution

Cons

  • The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
  • The demo account expires after only 90 days, which is more restricting than some competitors - OANDA's demo, for example, does not have a time limit
  • The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+

#3 - InstaForex

Why We Chose InstaForex

InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC and CySEC.

"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."

- DayTrading Review Team
  • Instruments: Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
  • Regulator: BVI FSC
  • Platforms: MT4, MT5
  • Min. Deposit: $1
  • Min. Trade: 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
  • Leverage: 1:1000

Pros

  • The broker is accessible for beginners, with low minimum deposits, Cent accounts (for global clients) and zero-commission trading available
  • There’s a decent range of free and fast payment methods including local bank transfers, bank cards, e-wallets and cryptos
  • InstaForex has a strong industry reputation, with a 15+ year history and serving over 7 million clients

Cons

  • The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
  • Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+
  • The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards

#4 - eToro

Why We Chose eToro

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.

"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."

- DayTrading Review Team
  • Instruments: Stocks, ETFs, Options, Crypto
  • Regulator: FCA, ASIC, CySEC, FSA, FSRA, MFSA
  • Platforms: eToro Web, CopyTrader, TradingCentral
  • Min. Deposit: $10
  • Min. Trade: $10

Pros

  • The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
  • The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade
  • The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo

Cons

  • There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
  • Traders will face currency conversion fees for account denominations other than USD
  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software

#5 - 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
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:500

Pros

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

Cons

  • High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
  • 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

#6 - FBS

Why We Chose FBS

FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has 17 million clients in over 190 countries, attracted by a diverse range of markets and the reputable MetaTrader platforms.

"FBS is a great choice for traders of all experience levels and budgets with various account types, plus MetaTrader 4 and MetaTrader 5 access. That said, the broker's Cent account and intensive forex course will be particularly beneficial for beginners."

- DayTrading Review Team
  • Instruments: CFDs, forex, indices, shares, commodities, cryptocurrencies
  • Regulator: ASIC, CySEC, FSC, FSCA
  • Platforms: MT4, MT5
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (EU & Restricted Countries), 1:3000 (Global)

Pros

  • There’s a comprehensive learning section with tailored courses, webinars and trade ideas
  • The commission-free payment methods and low minimum deposits make the broker ideal for beginners or those on a lower budget
  • There’s a great choice of account types for short-term traders including crypto, cent and ECN options, with decent forex spreads at 0.7 pips

Cons

  • Account availability, platform access and market coverage all vary by jurisdiction
  • There's a limited range of assets overall, including only 35+ currency pairs
  • There’s no copy trading solution which would offer an alternative way to trade and is offered at many top competitors like Skilling

#7 - OBR Invest

Why We Chose OBR Invest

OBR Invest is a CySEC-regulated investment firm offering the MetaTrader 4 platform and 300+ instruments. The brokerage launched in 2012 and has since proven popular with forex and CFD traders with a choice of live accounts to suit different strategies and budgets.

"OBR Invest is a good pick for beginners with its easy-to-use trading platform, free demo account, education centre, and access to popular financial markets."

- DayTrading Review Team
  • Instruments: Forex, commodities, cryptocurrencies, stocks, indices
  • Regulator: CySEC
  • Platforms: MT4, TradingCentral
  • Min. Deposit: $250
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:400 (Pro]

Pros

  • Full range of investments including popular cryptocurrencies
  • Free demo account with quick sign-up
  • MetaTrader 4 integration plus intuitive web platform

Cons

  • Withdrawals fees apply for basic accounts
  • No copy trading platform
  • €80 inactivity fee

#8 - 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
  • Min. Deposit: €100
  • Min. Trade: €20
  • Leverage: Up to 1:30 (Retail)

Pros

  • 250+ underlying assets as well as investment in real shares
  • Tight spreads
  • Very competitive pricing with low commission fees

Cons

  • List of tradeable underlying assets is small compared to rivals
  • No copy trading
  • Limited account options

What Is Rapid Transfer?

Rapid Transfer is an instant online payment brand launched by Skrill Ltd, a Paysafe company. With over 170 supported banking institutions, including Deutsche Bank and Barclays, the system allows users to move money fast and securely directly from their bank account.

Skrill has been in operation since 2001 and has been part of the Paysafe Group since 2015, along with former competitor, Neteller. The Rapid Transfer service is delivered through an integrated and secure platform, supporting fast web and mobile device transactions. This makes it a popular payment solution with active traders and investors.

rapid transfer brokers

Pros Of Trading With Rapid Transfer

No Registration

The payment method does not require any account sign up or mobile (iOS/APK) download. Only your online banking login details are needed to make a payment, which is ideal for traders who want to make a direct deposit without topping up a separate e-wallet account.

Fast

Payments can be made in three easy steps once you’ve been redirected from the broker’s page. Funds are authorized in seconds, meaning brokers benefit from instant settlement too.

Secure Tracking

It is one of the safest methods available, as investors benefit from the familiar security framework of their online banking service. Transactions are encrypted and bank details are never stored.

Supported Countries & Currencies

Skrill Rapid Transfers supports payments to 18 countries, including the UK and France, and 9 different currencies including GBP, EUR and USD. In 2019, Rapid Transfer also launched in the USA, in partnership with Skrill USA Inc.

Note, Rapid Money Transfer by Ecobank is available across Africa, including Ghana and South Africa.

Flexibility

Skrill and Neteller customers can also deposit money into their digital wallets using the service, which is a handy feature if traders already have a Skrill account, for example.

International Rewards

Skrill customers can enjoy reward points via the Knect loyalty program, where you can exchange Rapid Transfer points for perks, cash vouchers, bonuses and more. User reviews of the ultimate rewards system are positive. Many of the top trading brokers and platforms also offer welcome bonuses.

Good Support Options

Skrill offers several fast contact options like a support phone number, live chat, and an FAQ page on their website. If a payment is not working or has failed, the issue is likely to be resolved quickly compared to alternatives in the market. However, the live chat service is manned by a chatbot, which only answers general queries. If you want to talk to a human you may need to give the company a ring: 020 3308 2519.

Cons Of Trading With Rapid Transfer

Fees

Rapid Transfer (Skrill) may charge fees depending on the country, currency unit and transaction type. Note that your broker may also charge service fees, which you can find on the company’s website or by contacting the customer support team. Alternatively, check out our reviews of the best supporting brokers.

Speed

As the name suggests, the payment process via Rapid Transfer is quick, with transactions authorized instantly on Skrill’s side. The time it takes for your deposited or withdrawn funds to be credited may vary depending on your broker’s processing times. FBS withdrawals, for example, usually take 15-20 minutes.

Rapid Transfer supported banks

Security

Rapid Transfer is a secure payment method. Banking details are never stored and remain fully encrypted with your bank. All transactions are also SSL-secured and VeriSign (Norton Secure) protected.

Skrill is also authorized by the Financial Conduct Authority (FCA) in the UK, a leading financial regulator.

How To Deposit Using Rapid Transfer

To make a deposit or withdrawal in your trading account, look for the Rapid Transfer logo in the cashier area. When prompted, enter your online banking credentials and additional security codes, such as an SMS code, a OTP (One Time Password) or mobile app confirmation. Your funds will then be processed instantly and you will be redirected back to your broker’s website.

Note that your broker may have certain deposit or withdrawal limits for trading accounts. RoboForex, for example, has a minimum deposit limit of $10, whilst eToro requires at least $200.

Charges & Rates

Skrill may charge some fees if, for example, you use Rapid Transfer to deposit into your Skrill wallet. From the UK and using GBP, this would be charged at 1%. Currency conversions are 3.99%. There are also other Skrill fees for various types of transactions, so bear these in mind, along with other charges that your broker may impose.

Is Rapid Transfer Good For Day Trading?

Rapid Transfer by Skrill is an excellent option for direct online bank transfers. Investors enjoy fast and safe deposits to their accounts using existing online banking credentials. There is a good list of European-supported countries and currencies as well, plus recent expansion into the USA. The notable downside is the fees (if applicable for your transaction).

Use our list of brokers that accept Rapid Transfer deposits to start trading today.

FAQ

What Is Rapid Transfer & How Does It Work For Day Trading?

Rapid Transfer is a brand launched by payment service and e-wallet, Skrill. Using it means you can make direct money transfers from your bank to your broker without signing up for an account. Funds are transacted in a few simple steps.

How Do I Make A Trading Deposit With Rapid Transfer?

To use Rapid Transfer, select the payment method within your client area and enter the amount you wish to deposit. Enter your online banking details when prompted. You may need to confirm a security code with your bank. Your payment should then be processed instantly.

Is Rapid Transfer Safe To Use In My Trading Account?

Yes, the company uses SSL encryption and VeriSign technologies to protect transactions. User banking details are also never stored. Rapid Transfer is a trusted payment method owned by Skrill, a well-known UK-based payment provider which is authorized by the UK Financial Conduct Authority (FCA).