Best Sofort Brokers 2024

Sofort (part of the Klarna Group) is an online direct payment service, where traders can fund their broker accounts using just their online banking details. You may find the Sofort/Klarna logo at some brokers and e-commerce websites, but how does it compare to e-wallets such as PayPal?

If you’re wondering how it works, we’ll review all the key points in this article, including pricing, test accounts and the login process. We also list the best brokers that accept Sofort deposits and withdrawals.

Best Sofort Brokers

These are the top 15 brokers with Sofort payments, based on our tests:

Sofort Brokers Comparison

Sofort Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs R StocksTrader, MT4, MT5 1:2000 Visit
eToro logo
$10 Stocks, ETFs, Options, Crypto eToro Web, CopyTrader, TradingCentral - Visit
BDSwiss logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto BDSwiss Webtrader, MT4, MT5 1:30 Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 Visit
Markets.com logo
$100 CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) Markets.com Web/App Platform, MT4, MT5 1:30 Visit
Axi logo
$0 Forex, CFDs, indices, shares, commodities, cryptocurrencies MT4, AutoChartist, DupliTrade 1:400 Visit
ForexTB logo
$250 Forex, ETFs, CFDs, Indices, Shares, Commodities, Cryptocurrencies MT4, TradingCentral 1:30 (Retail), 1:400 (Professional) Visit
OBR Invest logo
$250 Forex, commodities, cryptocurrencies, stocks, indices MT4, TradingCentral 1:30 (Retail), 1:400 (Pro] Visit
ActivTrades logo
$10 Forex, CFDs, indices, shares, commodities, ETFs, cryptos MT4, MT5 1:400 Visit
AAAFx logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Cryptos MT4, MT5 1:30 (EU), 1:500 (Global) Visit
Admiral Markets logo
$100 Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting MT4, MT5, TradingCentral 1:30 (EU), 1:500 (Global) 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
DEGIRO logo
$0 Stocks, ETFs, Bonds, Futures, Options, Warrants Own - Visit
IQ Option logo
$10 CFD, Forex, Crypto, Stocks, Digital Options Own 1:500 Visit
Coinbase logo
$0 Cryptos AlgoTrader - Visit

#1 - 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

  • Fast account funding is available, with over 20 payment methods and minimum deposits from $5
  • There's a VPS server for experienced investors looking for 24/7 uninterrupted trading
  • Traders can get two free withdrawals each month, among other promotional deals

Cons

  • The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
  • The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+
  • 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

#2 - 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

  • There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
  • 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

Cons

  • There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
  • There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software

#3 - BDSwiss

Why We Chose BDSwiss

BDSwiss is an award-winning forex and CFD broker founded in 2012. The firm offers 250+ instruments to clients in over 180 countries. With spreads from zero pips and three powerful charting platforms, they offer a rounded day trading package for beginners and seasoned investors alike. The broker is regulated by the Mauritius FSC and Seychelles FSA.

"BDSwiss will suit active day traders looking for raw pricing, fast execution and powerful trading software with a range of pre-included analysis tools. That said, the range of 250+ assets is smaller than most top competitors."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSC, FSA
  • Platforms: BDSwiss Webtrader, MT4, MT5
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30

Pros

  • The broker continues to offer superb market research with daily expert insights, the Autochartist market scanning tool, and a forex heatmap
  • BDSwiss is a globally recognised brand with a 10+ year history transparent trading conditions
  • Choice of powerful day trading terminals, including an in-house app with 50+ technical tools, a Trend Analysis feature and an advanced Market Watch window

Cons

  • There's a $30 inactivity fee after 90 days which is higher than several top competitors, including XM which only charges $5
  • VPS plans start from €30 per month, which is not the cheapest
  • The range of 250+ assets is mediocre compared to most leading brokers which typically offer 1000+

#4 - 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

  • FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
  • The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels
  • As an MT4 broker, FXCC offers advanced charting tools and excellent support for algo traders, especially when combined with the free VPS

Cons

  • While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
  • High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
  • Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView

#5 - Markets.com

Why We Chose Markets.com

Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.

"Markets.com is best for active traders looking for a regulated broker with low fees and fast execution speeds of 82ms. Beginners will also enjoy the in-house platform with its user-friendly interface, clear navigation and dynamic charts."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only)
  • Regulator: FCA, CySEC, ASIC, FSCA, FSC
  • Platforms: Markets.com Web/App Platform, MT4, MT5
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30

Pros

  • There's good customer support with responses in <1 minute during testing
  • The low minimum deposit of $100 should appeal to beginners
  • Traders can access the MT4 and MT5 software, which offer dozens of technical tools and a huge online community for scripts, bots and custom tools

Cons

  • The single retail account option doesn't offer traders any choice of trading conditions, or any additional perks for active trading
  • Unlike some top competitors like XM, customer support is not available on the weekend
  • There are no auto or copy trading terminals outside of the MetaTrader platforms, such as DupliTrade

#6 - Axi

Why We Chose Axi

Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.

"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."

- DayTrading Review Team
  • Instruments: Forex, CFDs, indices, shares, commodities, cryptocurrencies
  • Regulator: FCA, ASIC, DFSA, FMA
  • Platforms: MT4, AutoChartist, DupliTrade
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:400

Pros

  • Among other educational resources, there’s an excellent selection of free eBooks for newly registered beginners
  • Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos
  • The $0 minimum deposit, zero-commission pricing structure, and user-friendly copy trading service will appeal to beginners

Cons

  • There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app
  • The Axi Select program requires a $500 minimum deposit to enter the first Seed stage
  • The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000

#7 - ForexTB

Why We Chose ForexTB

ForexTB is a CySEC-regulated multi-asset broker offering CFDs on more than 300 instruments through an intuitive web-based platform or MetaTrader 4. Competitive spreads are available to top-tier account holders with zero commissions. This broker also offers some attractive extra features including daily trading signals and comprehensive educational content.

"ForexTB is best for CFD traders with larger amounts of capital who can access the VIP account and more competitive pricing."

- DayTrading Review Team
  • Instruments: Forex, ETFs, CFDs, Indices, Shares, Commodities, Cryptocurrencies
  • Regulator: CySEC
  • Platforms: MT4, TradingCentral
  • Min. Deposit: $250
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:400 (Professional)

Pros

  • CFD trading tips, webinars and glossary
  • MT4 trading platform
  • Rich education centre

Cons

  • Withdrawal fees on some methods
  • $20 inactivity fee
  • Fairly wide spreads on some assets

#8 - 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

  • Leverage up to 1:400 for professional clients
  • Multiple payment methods with free deposits
  • MetaTrader 4 integration plus intuitive web platform

Cons

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

#9 - ActivTrades

Why We Chose ActivTrades

ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.

"ActivTrades is an excellent option for day traders with ultra-fast execution speeds, very low spreads, no requotes and a choice of superb trading software."

- DayTrading Review Team
  • Instruments: Forex, CFDs, indices, shares, commodities, ETFs, cryptos
  • Regulator: FCA, SCB
  • Platforms: MT4, MT5
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:400

Pros

  • Respected brand with 20+ years experience and 45+ awards
  • 24/5 customer support
  • Generous margins

Cons

  • £10 monthly inactivity fee after a year of no trading
  • Not available to residents in the USA and Canada

#10 - AAAFx

Why We Chose AAAFx

AAAFx is a forex and CFD broker, established in 2007 and headquartered in Greece. The company is regulated by the HCMC and FSCA and supports a selection of ECN accounts with low spreads, fast order executions and convenient deposits.

"AAAFx is best for forex traders seeking ECN conditions with spreads from zero and MetaTrader access. It’s also suitable for social traders with ZuluTrade support. However, AAAFx seriously falls short for newer traders with minimal research features and no educational tools."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Cryptos
  • Regulator: HCMC, FSCA
  • Platforms: MT4, MT5
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (EU), 1:500 (Global)

Pros

  • You get fast execution speeds from 10 milliseconds with no restrictions on strategies, creating a flexible environment for day traders.
  • Fast and dependable 24/5 support is available following hands-on testing across live chat, telephone and email.
  • AAAFx supports a wide range of payment methods with near-instant funding and zero transfer fees, ensuring convenient deposits.

Cons

  • There are no proprietary educational tools, relying on ZuluTrade, making AAAFx less attractive to beginners compared to brokers like eToro.
  • You can’t make deposits and manage your AAAFx account through an app, meaning you have to sign in to the website, dampening the mobile trading experience.
  • The selection of currencies is strong but AAAFx lacks depth in its stocks, indices, commodities and cryptos, limiting the range of trading opportunities.

#11 - Admiral Markets

Why We Chose Admiral Markets

Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

"Admirals is a good pick for novice-to-intermediate traders that want a trustworthy, regulated broker with access to a wide range of markets with tight spreads and no commission."

- DayTrading Review Team
  • Instruments: Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting
  • Regulator: FCA, CySEC, ASIC, JSC
  • Platforms: MT4, MT5, TradingCentral
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (EU), 1:500 (Global)

Pros

  • Demo account to test the broker before real-money trading
  • MetaTrader 4 platform and app integration
  • Tight spreads and low to zero commissions mean Admiral Markets is a good option for active traders

Cons

  • Monthly inactivity fee
  • The demo account expires after 30 days
  • US traders not accepted

#12 - 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

  • Accepts wide range of funding methods
  • User-friendly platform as well as support for MT4 and MT5
  • Very competitive pricing with low commission fees

Cons

  • Lacks educational content and other features
  • No copy trading
  • Limited account options

#13 - DEGIRO

Why We Chose DEGIRO

DEGIRO is a Netherlands-headquartered broker with millions of users and authorization from leading regulators, including the BaFin and FCA. Clients can access global exchanges anytime, anywhere, and on any device. DEGIRO offers stock trading with exceptionally low fees and a huge range of markets. DEGIRO are not CFD brokers and do not offer CFDs.

"Degiro is perfect for low-cost stock trading on US, UK and European markets with a straightforward platform and app. Casual investors will appreciate that there are no inactivity fees while long-term traders will rate the wide selection of ETFs."

- DayTrading Review Team
  • Instruments: Stocks, ETFs, Bonds, Futures, Options, Warrants
  • Regulator: BaFin, FCA
  • Platforms: Own
  • Min. Deposit: $0
  • Min. Trade: Variable

Pros

  • Multiple account currencies
  • Access 50 exchanges in 30 countries
  • Beginner-friendly platform and app

Cons

  • No demo account
  • No copy trading
  • Few payment methods

#14 - IQ Option

Why We Chose IQ Option

IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.

"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."

- DayTrading Review Team
  • Instruments: CFD, Forex, Crypto, Stocks, Digital Options
  • Platforms: Own
  • Min. Deposit: $10
  • Min. Trade: 0.001 Lots
  • Leverage: 1:500

Pros

  • Access to IQ Option community
  • User-friendly platform for beginners
  • Excellent range of payment methods

Cons

  • €10 inactivity fee after 90 days
  • No MetaTrader 4 integration

#15 - Coinbase

Why We Chose Coinbase

Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.

"Coinbase is a good option for dedicated crypto investors who want a vast selection of established and low-market-cap tokens. The platform makes it straightforward for new crypto investors to buy and sell Bitcoin in a few clicks."

- DayTrading Review Team
  • Instruments: Cryptos
  • Regulator: CBoI
  • Platforms: AlgoTrader
  • Min. Deposit: $0
  • Min. Trade: 0.0001 XBT

Pros

  • You can sign up in three quick steps
  • Slick app with excellent customer feedback
  • One of the most trusted brands in the crypto space

Cons

  • Lower safety score vs established crypto brokers
  • Occasional bugs have caused issues on the system
  • Coinbase trades don't take place anonymously

Overview

In 2014, German payment company, Sofort GmbH, was acquired by Klarna to form the Klarna Group company. Klarna itself was founded in Sweden in 2005. Now one of Europe’s largest banks, Klarna provides payment solutions to 90 million consumers across 200,000 merchants in 17 countries.

Sofort, also known as ‘Pay now with Klarna’ in the UK, is an online payment and leasing service provider which allows consumers to makes purchases quickly and easily using their online banking details. Consumers enjoy direct payments, meaning there is no need to enter any card details or to create an account.

sofort brokers

Pros Of Trading With Sofort

Demo Account

Klarna offers a live practice account which gives you 10 Euros in test money to simulate a quick transfer to a fake account. This is a great way of seeing how easily a transfer can be made and what the process involves.

No Download Required

There’s no download required to make a payment, however, Klarna does have a mobile app that you can download if you want to keep track of your purchases or deposits. This can be accessed quickly with an email address.

No Need To Register

Traders can deposit directly from their bank account to their trading platform without any hassle. This is much more convenient than other payments such as PayPal, for example, which requires you to sign up and then credit your account when you make a purchase.

Fast

The definition and meaning of ‘Sofort’ in German translates to ‘immediately’ or ‘instantly’ in English. Indeed, payments with Sofort/Klarna are instantaneous, which is ideal for those who want to trade quickly after depositing. Bear in mind, though, that some Sofort trading brokers may have their own time frames to process deposits and withdrawals.

Trusted & Established

Klarna has been around for over 15 years and is used by millions of consumers globally. Klarna is also backed by investors including Visa and Atomico. Furthermore, the company is partnered with other well-known payment services including Worldpay and is trusted by many merchants and banking providers, such as Transferwise and Western Union.

Multiple Currencies Accepted

Currencies accepted at the Klarna Checkout include AUD, CAD, CHF, DKK, EUR, GBP, NOK, SEK and USD. This is more than those offered by other methods such as Trustly and are also currencies widely used by traders.

Cons Of Trading With Sofort

Mostly European Supported Countries

Klarna supports bank accounts mainly within Europe, including France, Sweden, Finland, Norway, Denmark, German, Austria, Netherlands, Switzerland, Belgium, UK, Italy, Spain, Poland, Australia and the USA. This is rather limited compared to other payment methods, so traders from Russia or Asia, for example, may have to consider other payment providers.

Payment Cancellation Not Possible

Traders should ensure they are entering the correct amount to avoid any delays. Note that you also cannot request a chargeback with Sofort, as recurring payments or direct debits are not possible. Klarna does allow you to refund payments but you will need to contact your broker for details.

Not Offered By Many Brokers

Despite its convenience and speed, Sofort is not as commonly offered as e-wallets such as Skrill or Neteller. In addition, brokers based outside of Europe, the USA or Australia tend not to offer Sofort.

Speed

Making a payment with Sofort is instant, but you may need to check with your broker for their own processing times, which can range from a few minutes to days. Sofort also does not require account opening and registration beforehand.

Security

Sofort was designed with security in mind. The online banking login process requires a one-time PIN and TAN (confirmation code). This takes place exclusively within the Sofort GmbH software and not on the trader’s website, meaning that no sensitive information can be accessed by the broker. These details are also not stored by Klarna or Sofort, so traders can rest assured that their details are safe. The Stripe API is also secure.

How To Deposit Using Sofort

You can make a Sofort deposit or withdrawal easily at your chosen broker – just look out for the Klarna or Sofort logo and ensure you already use online banking with your current bank account.

Once you’ve logged in to your trading platform, select Sofort in the funding section and follow the instructions. The service essentially works like an online bank transfer, where you enter your bank account number and sort code into the payment gateway.

You should also check with your broker to see if there is a maximum money transfer limit in your account. ArgusFX, for example, accepts a maximum transaction amount of $5,000, whilst ActivTrades allows a deposit limit of €800 for UK customers.

Sofort also has a useful YouTube video explaining how to make a direct payment via your mobile device.

Fees & Costs

Sofort does not charge any fees for using their service, however, your broker may have their own pricing or commission structure. For example, Sofort payments at EasyMarkets, BDSwiss and ActivTrades are fee-free, whilst ArgusFX charges a 2% fee on deposits, and InstaForex charges a minimum of 5 Euros on withdrawals.

Is Sofort Good For Day Trading?

Overall, Sofort is an ideal payment choice for traders who value speed, convenience and security. Although it’s not the most popular of methods offered by brokers, those that do have access to it can enjoy commission-free deposits and withdrawals. Traders also don’t need to register an account but they do have the option to download the app if they wish to view their transactions and online transfers.

FAQ

What Is A Sofort Payment Method For Trading?

Sofort (Pay now with Klarna) is an online direct payment service that allows day traders to make purchases using their own banking details and fund their live trading accounts.

How Long Does A Sofort Trading Deposit Take?

Sofort payments are instant but processing times for deposits or withdrawals vary from broker to broker. You can find these in your trading platform or by contacting your broker’s customer support team.

Is Sofort Safe To Use At My Broker?

Yes, Sofort by Klarna is secure and safe to use. PIN and TAN codes are never shared with the merchant, nor are your account details. The payment form is also secured with AES 256-bit encryption technology.

What Do I Do If My Sofort Trading Deposit Is Not Working?

If you have any problems with your payment, it might be worth checking with your broker that the issue isn’t on their end. If not, you can contact the Sofort buyer hotline numbers on the website, or open a live chat.

How Do I Make A Trading Deposit With Sofort?

Once you’ve logged in to your trading account, select Sofort and the amount you wish to deposit. Sofort will ask for your current account details and your bank will send you a unique PIN/TAN code as verification for the deposit.