Best Visa Brokers 2024

Visa debit, credit and prepaid cards are accepted by many of the top trading brokers. Recognisable by its blue and yellow logo, Visa is one of the largest financial networks and payment systems globally. Its cards are accepted by businesses and merchants in over 200 countries with close to 600 million transactions processed each day. Its universal support and compatibility with a range of currencies make it particularly popular with active traders.

This review explains how Visa works, from its debit and credit cards to contactless payments and supporting merchants. We have also compiled a list of the best trading brokers that accept Visa deposits and withdrawals in 2024.

Best Visa Brokers

These are the top 5 brokers that support Visa payments, based on our tests:

Visa Brokers Comparison

Visa Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
Forex.com logo
$100 Forex, Spot Metals MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:50 Visit
OANDA US logo
$0 Forex, Crypto OANDA Trade, MT4, TradingView, AutoChartist 1:50 Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral 1:30 (Retail), 1:250 (Pro) Visit
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos Web, MT4, MT5 - Visit
IQCent logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto Online Platform, TradingView 1:500 Visit
Plus500 US logo
$100 Futures on Forex, Commodities, Cryptos, Indices, Interest Rates WebTrader, App - Visit
Videforex logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView 1:500 Visit
CEX.IO logo
$20 Cryptos TradingView - Visit
Uphold logo
$0 Cryptos Desktop Platform, Mobile App - Visit
Scope Markets logo
$50 Forex, CFDs, Stocks, Commodities, Indices, Futures Scope Trader, MT4, MT5 1:2000 Visit
Axofa logo
$1 Forex, CFDs, Stocks, Indices, Commodities MT5 1:1000 Visit
Sage FX logo
$10 Forex, indices, cryptos TradeLocker 1:500 Visit
Revolut logo
$0 Stocks, Cryptos Own - Visit
Binarium logo
$5 Forex, Stocks, Cryptos Own - Visit
Gemini logo
$0 Cryptos AlgoTrader, TradingView - Visit

#1 - Forex.com

Why We Chose Forex.com

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

"Forex.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • Instruments: Forex, Spot Metals
  • Regulator: NFA, CFTC
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • The proprietary Webtrader is an excellent option for day traders, offering over 80 technical indicators for detailed analysis
  • The $100 minimum deposit requirement makes the broker accessible for beginners
  • There's a VPS hosting solution for those using automated trading strategies

Cons

  • The $15 monthly inactivity fee is higher than some competitors, including XM which only charges $5
  • The investment offering varies between countries
  • It's a shame that there's no copy trading platform for beginners or signal providers

#2 - OANDA US

Why We Chose OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

- DayTrading Review Team
  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView
  • Beginners can get started easily with $0 minimum initial deposit
  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave

Cons

  • It's a shame that customer support is not available on weekends
  • There's only a small range of payment methods available, with no e-wallets supported
  • The range of day trading markets is limited to forex and cryptos only

#3 - IG

Why We Chose IG

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
  • Regulator: FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
  • Platforms: Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:250 (Pro)

Pros

  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met

Cons

  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients

#4 - Pocket Option

Why We Chose Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

- DayTrading Review Team
  • Instruments: Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
  • Regulator: MISA
  • Platforms: Web, MT4, MT5
  • Min. Deposit: $50
  • Min. Trade: $1

Pros

  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • Extremely fast and smooth sign-up process that takes less than 2 minutes
  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks

Cons

  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

#5 - IQCent

Why We Chose IQCent

IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

- DayTrading Review Team
  • Instruments: Binary Options, CFDs, Forex, Indices, Commodities, Crypto
  • Regulator: IFMRRC
  • Platforms: Online Platform, TradingView
  • Min. Deposit: $250
  • Min. Trade: $0.01
  • Leverage: 1:500

Pros

  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
  • IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders
  • There's an accessible $0.01 minimum stake for new day traders with a small budget

Cons

  • There's no automated trading support for algo traders
  • The broker is not overseen by a respected regulator, though this is common among binary options firms
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month

Visa Overview

Visa first launched in 1958 and is now a name ubiquitous in financial services and payment processing. The company has become one of the largest payment providers in the world with an average quarterly payment volume of $2 trillion. Visa also bought Yellow Pepper, a fintech start-up, in 2020, boosting its ranking as the world’s 12th most valuable company by market cap. Its current net worth is estimated at over $400 billion while its share price sits at over $200.

The payments company offers a string of products and services, including traditional debit and credit cards, plus contactless transfers, which are available via desktop computers, tablets and mobile devices. The brand’s flexibility makes it a great choice for traders who want to deposit or withdraw funds from their forex platform of choice, while also making everyday retail purchases.

Visa’s headquarters are located in San Francisco, California, however the company has offices all over the world, from Europe and the UK to Australia and Asia. The list of online brokers that accept Visa deposits is also extensive and spans all major trading jurisdictions.

Visa stock news

Advantages

Trading with Visa offers multiple advantages over other deposit options:

Accepted Everywhere

Almost every online vendor in the world accepts Visa as a form of payment, including trading brokers. Simply look for the famous logo in your broker’s cashier portal to fund your trading account. Visa is also a great Mastercard alternative.

Note that while the company offers a Youth Card, you may not be able to use this to login and trade at online brokers until you are 18.

Easy To Sign Up

Most major banks offer Visa debit and credit cards as standard. New customers will need to meet the respective bank’s registration requirements, which typically involve providing proof of identity and address.

If you don’t want to register with a traditional bank, you can order a pre-paid Visa debit card. This allows you to fund the card through several popular payment solutions, including PayPal. Once loaded with funds, clients can then top up their online trading account.

Free To Send & Receive Money

The majority of personal accounts offer free money transfers, though this will depend on the terms and conditions of your bank or financial institution.

It also depends on where you are sending money. Depositing to trading accounts in another country, for example, may incur a fee and brokers sometimes pass on overhead costs in the form of a fixed fee or a percentage of the payment amount. With that said, the best trading platforms offer fee-free deposits and withdrawals with Visa.

Note, some pre-paid Visa card services charge a small fee for bank transfers.

World-Class Security

The firm offers comprehensive fraud protection to all its cardholders via the ‘Verified by Visa’ security scheme. This provides users with an extra layer of security, to help fight against identity theft and fraud. The top trading brokers also follow industry-standard payment protocols and use the latest security measures.

Reliability

At many online brokers, payment via Visa is the easiest way to fund an account. Data is encrypted, your transaction is protected, and your funds should appear in seconds. Clients also benefit from the reliability of one of the world’s most trusted brands.

Currency Support

The company supports all major currencies alongside less well-known currencies. This means traders from all over the world can deposit and withdraw funds at competitive rates.

On the downside, there is limited support for cryptocurrencies currently, though we expect support for Bitcoin and NFTs to feature soon. In the meantime, you can buy cryptos through one of the digital brokers and wallets that accept Visa, such as Crypto.com, Coinbase, or BlockFi. These brands actually have their own Visa-powered payment cards, providing traders with additional perks.

Drawbacks

Like all payment providers, Visa has some drawbacks. Most notably, fees and benefits tend to vary depending on the card issuer. For example, a traditional account with a major high street bank might ensure that all transactions made via your card are free. However, a pre-paid service might offer you a Visa card where you incur hefty transaction charges every time you make a bank transfer or withdraw funds from an ATM.

With this in mind, read the terms and conditions of a Visa-supported vendor prior to opening an account. This will help ensure you get the best possible deal.

Speed Of Visa Payments

Funds transferred into a trading account via a supporting debit or credit card are normally instant. Some bank transfers can take up to five working days, although most are processed within 48 hours. The firm also offers the option of transferring money within 30 minutes of approval through its Fast Funds service.

Importantly, when funding a trading account, cards should only be used by the named cardholder. It’s also worth pointing out that online brokerages may have their own processing timelines. Deposits are usually processed immediately but withdrawals can take several working days if KYC protocols are followed.

Security

Visa offers peace of mind when making online purchases, successful checkouts and minimal friction when moving money from one account (such as an investing platform) to another (like a personal bank account).

All 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 and uses advanced mechanics to confirm your identity.

Transactions are also authenticated by a technical standard known as 3D secure, which is designed to safeguard CNP (Cardholder Not Present) transactions online.

In addition, the Zero Liability scheme protects users from fraud. So, if an unauthorized UK gift card purchase is made with the account holder’s card, they won’t be liable for any charges.

If there are doubts about your identity (if you make an unusually large trading deposit or perform a transaction from a new or unusual device), you may be prompted to provide personal information to confirm the transaction.

Note, most cards expire after three years. Your issuer should provide you with a replacement prior to expiry. When your old card expires you should destroy it and dispose of it.

How To Deposit Using Visa

All cardholders can deposit and withdraw money from their accounts with ease. The speed at which transactions can be made and the fees charged will vary dependent on the provider, for example, bank, trading broker, credit card company or pre-pay account service.

Money deposited into an account can be moved via online banking or withdrawn as cash at an ATM. Visa cards are accepted at virtually all ATMs around the world.

Importantly, deposit and withdrawal limits can vary from vendor to vendor. Some pre-paid Visa card services put a cap of $5,000 on withdrawals. Other businesses place a limit on deposits and withdrawals until you go through a full identification process – providing 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 services industry. The purpose of identification is to prevent illegal money laundering and fraud.

Fees & Costs

It is possible to set up a bank account with a Visa card for free. Also, if you have a good credit rating, you can get a credit card with 0% interest on purchases for a set period. Check a credit comparison site for the best deals.

With that said, credit card holders often have to pay interest on borrowed funds. Debit card holders may also have to pay an account maintenance charge to the issuing bank. Some banks also charge for the production and issuing of cards. And while cards can be used without encountering an inactivity fee from Visa, your card provider may charge one. Costs vary significantly between merchants, so it’s worth shopping around for the best deals.

Importantly, most Visa brokers offer free trading deposits and withdrawals using the payment method. If there is a charge, it is usually a small percentage of the payment amount and is often waived if making a high-value deposit.

Money Transfer

The company offers a money transfer service that 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 cardholders at no additional cost. Some card vendors may impose nominal costs or charge a small percentage of the transaction to cover any fees they incur.

Is Visa Good For Day Trading?

Visa is one of the most popular deposit and withdrawal options among traders. It is accepted by a long list of trading brokers and provides low fees and prompt payment processing. In addition, strong security and fraud protection protocols make it suitable for both small and large value payments.

Use our list of Visa brokers to make a deposit and start trading today.

FAQ

Are Visa Trading Deposits An Option In My Country?

Visa is accepted by most trading brokers around the world. With that said, legal restrictions on investing may apply. Use our list of brokers that accept Visa deposits to find the right brokerage for your needs.

Are Visa Deposits As Secure As PayPal?

Visa is one of the most secure payment systems in the world and is arguably safer than PayPal when it comes to fraud protection. Note, it’s generally easier to cancel transactions and receive cashback with a credit card than with a debit card.

Why Don’t All Brokers Allow Visa Deposits?

Most brokers allow Visa deposits, as it is one of the most convenient forms of online payment. Brokerages who do not accept it are an anomaly. If a brand doesn’t support the payment method, Visa may have made a decision not to partner with the firm. This could raise questions about the trustworthiness and reliability of the platform.

Why Should I Use Visa To Deposit With A Broker?

Visa is quick, convenient and has relatively low transaction fees compared to some digital payment gateways. The key downside is that you will have to share your debit or credit card information directly with your broker. If you are uncomfortable doing this, or if you are on a platform that you have not used before, you may want to consider funding your account with a service like PayPal. This will mean you won’t have to share sensitive personal financial information.