Trustly is an online payment facilitator that allows investors to transfer funds to and from their trading accounts quickly and securely. Particularly popular amongst European brokers, or those with a large European customer base, the platform provides simplicity and security without the need for a lengthy registration process or software installation. In just a few simple steps, traders can deposit funds and start investing.
In this guide, we review the platforms that support Trustly as well as explore the advantages and disadvantages of using the eWallet for trading. Use our list of top brokers that accept Trustly deposits directly below to get started today.
Best Trustly Brokers in Somalia
Based on our analysis, the following 2 top-rated brokers offer Trustly payments:
-
- Demo account
- Regulator: FSC
- Platforms: R StocksTrader, MT4, MT5, TradingView
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- Demo account
- Platforms: WebTrader, App
- Min. deposit: $100
81% of retail CFD accounts lose money.
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- RoboForex 4.5/5 RoboForex is an online broker, established in 2009 and registered with the FSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
- Plus500 4.1/5 Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
Compare The Best Trustly Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| RoboForex | $10 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto | R StocksTrader, MT4, MT5, TradingView | 1:2000 |
| Plus500 | $100 | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | WebTrader, App | ✔Yes |
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 |
|---|---|---|---|---|---|
| RoboForex | 774 | ||||
| Plus500 | 20219 |
RoboForex
RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
Christian Harris, Reviewer
RoboForex quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Crypto
- Regulator
- FSC
- Platforms
- R StocksTrader, MT4, MT5, TradingView
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
Pros
- The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
- In July MobileTrader Telegram Mini App was released - bringing out one of the first solutions we've seen that lets users execute trades and manage positions without leaving the Telegram messaging app.
- In 2026, RoboForex introduced swap-free trading across eligible accounts and regions, removing overnight interest charges, and potentially appealing to swing forex traders, though spreads and commissions may still apply.
Cons
- Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the FSC in Belize, lowering the level of regulatory protections for traders.
- Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
- While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
Plus500
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- AI Bites has been added, giving active traders real-time, AI-generated market summaries, technical analysis, and social sentiment next to charts, aiding in short-term trading decisions
- Plus500 has bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility and extended 24/5 hours trading on select stock and ETF CFDs, including SpaceX
- The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
- Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity
- Algo trading and scalping are not supported, which may deter some day traders
How Did We Choose The Best Trustly Brokers?
To reveal the top Trustly brokers, we:
- Pinpointed which firms offer Trustly payments from our 142-strong directory of online platforms
- Verified that they accept Trustly deposits and withdrawals for day trading
- Ranked them by their rating, combining 200+ collected data entries with our first-hand insights
Trustly Overview
Trustly, formerly Instantbank, was founded in 2008. Today, the payment provider is integrated with over 12,000 banks and 8,300+ merchants, connecting over 650 million consumers in 30+ countries. Its services are used across four key industries: e-commerce, iGaming, travel, and financial services, including trading.
The company is Swedish and continues to operate from its native capital in Stockholm. Following their successful acquisition in 2018, the Trustly Group is now owned by Nordic Captial.
The firm is fundamentally a digital payment provider. They work as an intermediary between the consumer and the merchant, or broker. And whilst they facilitate the transfer of funds, they themselves are not a bank.
How To Deposit Using Trustly
To make a money transfer at Trustly brokers like eToro, simply select Trustly from the payment methods listed. You will then need to:
- Select your bank and log in as you normally would
- Choose the account from which you wish to pay
- Confirm your payment using your preferred authentication method
Note, that business accounts are not supported. Personal accounts exist only. Accounts must be eligible for bank transfers and can only be used with Trustly if they are one of the 12,000+ banks which the service is integrated with.
For more information on how to use Trustly services, watch the useful guide linked below.
Speed Of Trustly Payments
Transactions, both deposits and withdrawals, are usually processed within minutes. However, additional clearance should be allowed for weekends or public holidays. The bank or another third party may require additional processing time, in which case funds can be delayed.
If you do notice a delay with your payment, you are advised to contact the broker or merchant directly with a copy of the transaction details from your online bank.
Costs
Trustly does not charge fees for making deposits or withdrawals. However, it cannot guarantee that third parties, such as your bank or the trading platform itself, will not themselves apply additional charges. It is worth reading the small print to avoid nasty surprises.
Traders will be relieved to hear that the platform does not charge an inactivity fee. But again, a broker or third-party, may apply this directly. Ensure that you have read the broker’s T&Cs.
Security
The provider implements a number of security measures including 2048-bit RSA encryption to safeguard the security of trader’s payments. As well as SSL/TLS-only communication, granular access rights and privilege, plus GDPR-compliant retention periods for transaction data are followed. There are also multiple firewalls, intrusion detection tools, and multi-factor authentication in place.
Licensing
Trustly Group AB is an authorized Swedish payment institution under the supervision of the Swedish Financial Supervisory Authority. Payment services are conducted in accordance with the Swedish Payment Services Act and directive (EU) 2015/2366. Cross-border payment services are supported within EU/EEA.
Advantages
Among the main benefits of trading with Trustly are:
- Multi-currency
- Robust security
- Instant deposits
- Mobile transactions
- No direct charges or fees
- No registration or account needed
- Withdrawals and deposits are supported
Disadvantages
There are also some drawbacks to consider:
- No native app
- Limited coverage outside of Europe
- Limited integration- not all banks and brokers in all served countries are eligible to carry Trustly, which means depending on their bank account, traders may find their choices are limited.
Customer Support
Support can be accessed via email or phone – details can be found on the website.
Note, that queries regarding payments cannot be discussed over the phone for security reasons. For queries regarding previous transactions, valid proof of payment will need to be provided.
Accepted Countries
Services are available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
Is Trustly Good For Day Trading?
Trustly supports quick, easy and secure payment processing in over 30 countries worldwide. Traders looking to make frequent transfers to trading accounts are in safe hands. The company is keen to meet their evolving customers’ needs – as shown by its recent expansion into the US market.
Traders should note that not all brokers will be eligible to offer Trustly with services severely limited outside of Europe. But if you are based in Europe, it could be worth considering.
See our list of brokers that accept Trustly deposits and withdrawals to start trading today.
FAQ
What Do I Need To Use Trustly For Trading?
To trade using Trustly, you must have a private bank account held in your name, which is eligible to make bank transfers. Your balance must not be in credit from the bank, and the bank account currency must be in local currency.
Can I Get A Refund On My Deposit?
Trustly is a payment method, it facilitates the transfer of funds to your trading platform but it is important to note that it does not hold any funds. Instead, it forwards them to the trading platform. If you need to request a refund, you will need to take it up with the trading platform or broker which holds the funds.
How Long Does It Take To Withdraw Funds Into My Bank?
Withdrawal processing times are usually dependent on the trading platform in question. Whilst Trustly processes transfers instantly, third parties may require additional time for checks and further processing. You should check with your trading platform for clarification on withdrawal times. Alternatively, see our detailed reviews.