If you want to trade Forex with real money, a deposit is necessary, which is pretty obvious. However, the topic of Forex deposit is not simple. As a forex trader you don’t have every payment option available and not every broker offers all possible payment options. This table shows an overview of the most common deposit options and our recommended Forex broker:
Top Deposit Option Top Forex Broker Description AvaFX is a well established and serious FX broker where you can trade with a leverage of 1:200! Deposit Now! You can trade with CFDs, commodities and Indices at Plus500 - even with your iPhone! Deposit Now!*Your capital is at risk Instaforex is one of the few Forex broker with an unlimited demo account. You can try it for free! Deposit Now! Finexo is a very serious Forex broker that satisfies costumers needs since 2003! Deposit Now!
A broker that offers virtually all payment methods (even Paypal!) is eToro. Click here to deposit at eToro!
Let’s take a look at the most common questions about Forex Deposit
How do you make a deposit?
There are not only banks and credit card companies nowadays. Several payment providers have set the goal to simplify the way payments are made on the Internet. For bank transfers, it takes some days until the money reaches its destination. And with credit cards Forex brokers are cautious because there’s fraud possible. Besides that there are also eWallets. These are virtual online wallets. You can fund eWallets through wire or credit cards or connect it with your bank account. Then this money is available all the time. The most popular eWallets are Moneybookers, Neteller, and of course Paypal.
How do Moneybookers and Paypal work?
Once the account is charged with money, you can send money through email. This means that other users of the same eWallet send money or can receive something. Similarly, you can make a deposit at a Forex broker. Simply by entering your eWallet email address and password. The money is immediately available on your account then. It’s that easy!
What payment methods offer Forex Broker?
This is very different. The more payment options a forex broker offers, the better. If a Forex broker offers only two or three, this is not a good sign. In most cases you can’t find the right payment option here and you have to look for another broker. Brokers such as eToro or AvaTrade have a huge selection of payment options and even allow Forex deposit with Paypal – which is rather rare.
To find out what payment methods a certain Forex broker offers you have to take a look at the brokers website. We at Brokerreviews have made it easier for you. Just look at our Forex tests – where we list the best brokers and show the offered payment options.
What Forex brokers offer PayPal?
Again, we have made it easy. Just look here: Paypal Forex. All providers that are listed there offer a deposit with Paypal.
Which Forex Broker offers Moneybookers?
The same applies to Moneybookers. Here is a list: Moneybookers Forex.
Is a Forex Deposit free of charge?
Usually a deposit is free of charge. At least they will be taken over by the Forex broker.
Can problems occur while depositing?
Problems occur very rarely when you make a deposit. Most problems are pure security issues that must be faced. However, it is highly dependent on the selected payment option. Deposits with Paypal, Moneybookers and Neteller are very safe and are always accepted. It can happen only with larger payments that the forex broker reviews, if the money reaches the right hands.
If you deposit with credit card, you better stick to a reliable Forex broker that will treat your personal information securely.
Where can I make a deposit with Paysafecard?
The famous Paysafe Card is something that Forex broker seem to ignore so far. Perhaps this will change in the near future, but right now we don’t know any legitimate Forex broker that allow deposits with Paysafecards. That’s why you should try to use a different forex deposit method.
Does a Forex bonus depend on the payment method?
We don’t know any Forex broker that makes its bonus dependent on the deposit method you used. This should not be the case anywhere. That would also just confuse the trader. Although there are different fees for the Forex Broker, they should not pass this fee to the trader and offer a smaller bonus when someone makes a deposit with a method that is more expensive for the Forex broker.
What is a minimum deposit?
The minimum deposit at a Forex broker is the amount you must deposit at least. A deposit under the minimum amount is not possible. Forex brokers are using very different minimum deposits and these are usually also dependent on the chosen method of payment. Thus, it may be that you have a Forex broker with a minimum deposit of $ 100 with Mastercard, but only $ 50 with Moneybookers.
Do problems occur when paying with MasterCard / Visa at Forex brokers?
While credit cards are not popular at all the shops and in some cases you can pay almost everywhere. But on the Internet, credit cards especially Visa and Mastercard the two most important credit cards, are certainly the most widely used method of payment. Every Forex broker offers Mastercard or Visa without any problems. We are not aware of a Forex broker that does not accept one of these two credit cards.