Can you imagine our daily life without credit cards? Cards penetrate all spheres of our business activity. The Forex market is not an exception. The majority of brokers accept this payment option and today we have prepared for you a list of the best credit card Forex brokers in order you could select the one you like most of all and start successful trading. Be sure that all credit card brokers, included in the rating, are highly-regarded and award-winning. All of them have established offices and will be glad to offer you modern trading platforms and powerful tools for operating in the Forex market.
Credit Card Forex Brokers
in United States
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:30
Benefits and Shortages of Using Credit Cards in the Forex Market
Using a bank transfer to deposit or withdraw money on or from your trading account sounds old-fashioned and causes some issues with funds availability. It takes the bank 2 or 3 trading days to transfer money from your banking account to Forex. Credit card Forex brokers from the list change things and traders may start trading right after depositing funds.
Many banks encourage their customers to pay by card. Forex traders may also get some cash back for using credit cards to transfer money to their trading accounts. Besides, being involved in a credit card payment system means improving your credit story and accumulating a credit score.
Nevertheless, be sure to see the bad side of the moon, before you go for the big time by refilling your Forex account via credit card. Be wise and responsible while using your funds if you don’t want to end up with a tremendous debt in your banking account that will not be affordable for you. This may have a bad effect either on Credit card Forex brokers from the list of your daily or monthly budget. Check your agreement with the bank, e.g. terms and conditions, to be more confident in your transactions. Be sure that you won’t pay any taxes while withdrawing or depositing money in your Forex trading account because some banks’ policies may suggest this.
Keep your credit card balance under constant review and call the bank service center as soon as you feel something goes wrong.