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Forex Brokers That Accept Creditdebit Cards Payment Method for Deposit and Withdrawal

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There are many traders who consider using Debit Card while trading in forex platforms. Debit Cards enable the fastest fund or withdrawal without the expensive cost. The benefit of using Debit cards is not only to withdraw or deposit money quickly, but straightly to use them in regular shops, ATM, etc.

This is the best solution for traders who has issues with Credit Card or can't be bothered with opening an account in an online payment service like PayPal, Skrill, Neteller, etc. Unfortunately, not all brokers accept this type of payment. The following list is brokers that serve Debit Cards as a payment method.


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Additional FAQ

Here's what it means to be an ASIC-licensed forex broker currently:

  1. All ASIC-licensed forex brokers are required to hold at least AUD1 million in operating capital.
  2. Like FCA, ASIC will monitor the company continuously to ensure segregation of client funds, periodical report and audit, efficient management including AML and KYC procedures, and proper risk disclosure for clients.
  3. ASIC Forex brokers are not allowed to have any conflict of interest with their customers. This is the reason why Australian Forex brokers usually offer direct market access through ECN or STP facilities.
  4. ASIC allows leverage for forex and CFD trading up to 30:1.

Continue Reading at UK FCA vs ASIC, Which Forex Regulator is More Reliable?

There are two steps you may take to avoid falling prey to artificial slippage:

  1. Steer clear of stop orders and make use of limit orders instead.
  2. Add decreased slippage parameters to your expert advisors (in case you are using EA).

Continue Reading at Can ECN Brokers Cheat on You?

Here are a few of the best brokers that Singaporean traders use:

  • OANDA: Regulated by MAS (200704926K).
  • Plus500: Regulated under MAS (201422211Z).
  • Saxo Broker: Regulated by MAS under license number (200601141M).
  • Interactive Broker: MAS-regulated broker under license number (CMS100917).
  • City Index: MAS regulations with license number (201130598R).
  • AvaTrade: Offers SGD trading and local customer support.
  • FBS: Offers local customer support for Singaporean traders.

Continue Reading at Top Forex Brokers in Singapore

All brokers that operate in the UAE must be regulated and obtain a license either from the SCA, Central Bank, or other regulatory authorities. They should also comply with Sharia law, which means that certain operational requirements must be fulfilled.

In addition, any non-resident international entity or forex broker that wishes to offer its service within the Emirates should have a local or domestic representative in the country, either in the mainland or in any financial zone. So before they can operate, they must be listed under the SCA or DFSA and gain approval from either of them.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)


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