Visa Brokers 2021 - Which Brokers Accept Visa?

visa brokersVisa is a form of payment card which is accepted by most forex brokers. Visa payment cards can take the form of credit, debit or prepaid cards, and will always be branded with the familiar Visa logo. Visa cards make use of the Visa network, which is one of the largest financial networks in the world.

As one of the most prominent processing networks available, Visa cards are accepted by businesses in over 200 countries around the world.

The fact that Visa cards are so readily accepted is an advantage for those who wish to trade with multiple brokers, on account of the platform’s ability to work with all major currencies and handle unlimited deposit amounts.

Visa Brokers

EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Quotex offers a proprietary web platform that offers digital options and copy trading.
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Binance is one of the leading online crypto exchanges offering Bitcoin.
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Show All Brokers ⇩

Trading with brokers that accept Visa has other advantages, too. For example, it’s easy to use a Visa card and fees are so low that they are virtually negligible with most reputable brokers.

Below, we’re going to look in detail at the brokers and trading platforms which accept Visa, as well as highlighting the pros and cons of getting involved in trading with a Visa card.


Visa is a name ubiquitous with financial services and payment processing.

The firm first launched in 1958 – coincidentally, the first year that the Bank of America first launched a consumer credit card programme for consumers and small/medium merchants in the United States.

The company witnessed exponential growth, and it is now one of the largest payment providers in the world – if not the largest.

It is possible to access Visa’s products and services via traditional credit/debit cards, desktop computers, tablets and mobile devices.

This flexibility makes it a great choice for traders who want to deposit or withdraw funds from their forex platform of choice. It is an all-round useful payment provider which processes tens of millions of transactions every day, from everyday retail purchases to online casino funding and trading account withdrawals.


Trading with Visa has lots of advantages in comparison to other payment gateways and platforms. Some of the reasons to consider Visa include the following:

Accepted Everywhere

Virtually every online vendor in the world accepts Visa as a form of payment – including trading brokers. Funding and withdrawing funds from your trading account is made effortless when you use a Visa card or account.

Easy To Sign Up

Most major banks offer Visa debit cards as standard. If you don’t wish to register with a traditional bank, you could alternatively order a pre-paid Visa debit card.

You can then fund your card by whichever means you choose to (such as PayPal) and then use your Visa card to fund your trading account.

Free To Send/Receive Money

Most personal Visa accounts allow for the free sending and receipt of money. This will depend on the terms and conditions of your bank or financial institution, although most major banks allow for free money transfers.

Some pre-paid Visa card services may charge a small fee for bank transfers, however.

World-class Security

Visa offers complete fraud protection to all its cardholders via the ‘Verified by Visa’ security scheme. This provides users with an extra layer of security, to help in the fight against identity theft and fraud.

Ubiquitous Payment Method

For many brokers, payment via Visa is the easiest and most common way to fund your account. Data is encrypted, your transaction is protected, and you’ll have the advantage of knowing you’re using the world’s most trusted payment gateway.

Varied Currency Support

Forex traders will be pleased to know that Visa supports all major currencies around the world, and most minor ones. As a traditional banking institution, there is little support for cryptocurrency on the platform as yet – although it’s worth bearing in mind that Visa is a forward-thinking company that is usually not far from the precipice of modern finance, and crypto support could be a reality soon.


Like all payment providers, Visa has some drawbacks. Most notably, fees and benefits tend to vary depending on your card issuer.

For example, a traditional bank account with a major high street bank might mean that all transactions via your Visa card are free.

However, a pre-paid service might offer you a Visa card where you’ll incur transaction charges every time you make a bank transfer or withdraw funds from an ATM.

It’s therefore worthwhile reading the terms and conditions of a Visa-supported vendor prior to opening an account with them, to ensure that you’re getting the best possible deal.

Speed Of Visa Payments

Payment with Visa is generally rapid. Funds transferred into an account via debit or credit card are instant. Some bank transfers can take up to five working days, although most are processed with 48 hours.

When funding a trading account, Visa cards should only be used by the named cardholder. Visa accounts are compatible with all major banking institutions and can receive payments from all over the world in incredibly quick time frames.


Visa is designed with security in mind. It offers peace of mind for online purchases, successful checkouts and minimal friction when moving money from one account (such as a trading platform) to another (a personal bank account, for example).

All Visa payments are protected by the “Verified by Visa” scheme, which is designed to make online purchases safe, secure, fast and convenient.

This technology works behind the scenes when you’re funding your trading account online and uses advanced technology to confirm your identity.

If there is any doubt as to your identity (if you make an unusually large deposit or perform a transaction from a new or unusual device), you may be prompted to provide more personal information to confirm the transaction.

Visa card transactions are authenticated by a technical standard known as 3D secure, which is designed to secure CNP (cardholder not present) transactions online. When funding your trading account with your Visa card, you can rest assured that you will always be protected.

Deposits And Withdrawals

All Visa cardholders can deposit and withdraw money from their accounts as they please. The speed at which transactions can be made and the fees charged for transactions will vary dependent on the provider of the Visa card (for example, a bank, credit card company or pre-pay account service).

Money deposited into a Visa account can be moved digitally via online banking or withdrawn as cash at an ATM. Visa cards are accepted at virtually all ATMs around the world, as the firm is one of the largest global providers of bank cards.

Deposit and withdrawal limits can vary from vendor to vendor. Some pre-paid Visa card services may put a cap of €5,000 on withdrawals.

Others may place a cap on withdrawals and deposits until you verify your identification with one or more forms of government ID.

This is not unlike many of the world’s leading digital wallet providers and is standard practice throughout the financial industry. The purpose of identification is to prevent illegal money laundering.

Visa Fees And Costs

It’s possible to set up a bank account with a Visa card for free, and if your credit rating is satisfactory you may be able to access a Visa credit card for free with 0% interest on purchases for a specified time.

However, costs can vary from vendor to vendor. Some pre-pay Visa card services may require you to pay a monthly fee, whereas others may simply request that you pay for the production costs of your card.

Money Transfer

Visa offers a money transfer service which allows traders to send money to anyone around the world (including themselves). It converts any supported currencies in the process using the Reuters’ exchange rate.

This service is available to most Visa cardholders at no additional cost. Some card vendors may impose nominal costs or charge a small percentage of the transaction to cover any costs they themselves incur.

Inactivity Fee

Visa cards can be used without encountering an inactivity fee from Visa, although your card issuer may charge an inactivity fee. It is good practice to read the terms and conditions of your Visa card issuer to find out whether you could face a card inactivity fee.

Most Visa cards expire after three years. Your card issuer should provide you with a replacement Visa card prior to your current card reaching its expiry date. When your old card expires you should destroy it and dispose of it.

Is Visa A Good Choice For Traders?

Visa is one of the most common methods of payment for traders around the world. Whether it’s right for you will depend on the country you reside in, how you want to trade and how you want to access your funds.

With strong security, rapid transactions and fraud protection, Visa is certainly a strong contender for traders, regardless of whether they are moving small or large sums of money.

All forex traders should at least have a Visa card as part of their bank account set up – it’s one of the quickest and most convenient ways to send and receive money in real-time. It’s also one of the most inexpensive ways to transfer money (although this will depend on the terms of your bank or card issuer).


Are there any Visa bonuses?

Many Visa credit card issuers offer bonuses for paying for goods and services with their credit cards.

Some may offer air miles, while others offer Nectar points and rewards via other loyalty schemes.

Some Visa cards can even grant you exclusive access to airport lounges and hotel spas around the world.

Is Visa an option in my country?

Visa is accepted by most vendors around the world.

It should, therefore, be possible to fund your trading account with a Visa card, regardless of your location or the location of your trading platform of choice.

Please note, however, that legal restrictions on trading may apply – you should consult your trading platform of choice to ascertain more.

How do I apply for a Visa account?

Visa does not issue Visa accounts or cards – financial institutions do.

You may want to research the best financial institutions in your domicile to find the best possible deal on a Visa debit card, credit card or pre-paid card.

Where can I access my Visa statement?

Visa does not retain details of your transaction. You should consult your card issuer or financial institution to access your latest Visa card statement.

Is Visa a reputable company?

Visa is licensed to operate in hundreds of countries around the world and has been established for as long as the concept of consumer credit cards.

Traders should be aware that Visa itself is not responsible for the management of accounts associated with Visa cards – this is the responsibility of the trader’s financial institution of choice (such as a bank or credit card provider).

Is Visa as secure as PayPal?

Visa is one of the most secure payment systems in the world and is arguably more secure than PayPal when it comes to fraud protection.

It’s generally easier to cancel transactions and receive cashback with a Visa credit card than a Visa debit card.

Why don’t all brokers allow Visa?

Most brokers allow Visa, as it is one of the most convenient forms of online payment.

Brokers which do not accept Visa should be considered an anomaly – and traders may want to ask themselves if they want to align with a trading platform that does not work with one of the most ubiquitous payment services in the world.

Note also, that it maybe Visa refusing to work with the broker, rather than the other way around.

Why should I use Visa to deposit with a broker?

Visa is quick, convenient and has relatively low transaction fees in comparison to online digital payment gateways.

The only downside is that you will have to share your debit or credit card information directly with your forex broker.

If you are uncomfortable doing this, or if you are using a trading platform which you have not used before, you may want to consider funding your account with a service like PayPal instead, which means you won’t have to share sensitive personal financial information with a broker.