Best Apple Pay Brokers 2024

Apple Pay is a popular transfer method with over 500 million users. The iOS wallet application provides users with a shortcut to access their credit and debit cards, enabling straightforward deposits and withdrawals at trading brokers. In this review, we explain how to use Apple Pay, alongside support details, fees and compatible devices. We also list the top brokers that accept Apple Pay deposits in 2024.

Apple Pay Brokers

  1. XM

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    XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

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    Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.

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    Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

  4. OKX

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    OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.

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    Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies.

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    FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.

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    Dukascopy is an online broker operated by a Swiss-regulated banking group. It offers a good selection of 500+ markets, with forex, stocks, gold, ETFs, indices, bonds and cryptocurrencies available. It also offers flexible trading opportunities through the choice of CFDs or binary options. Traders will use MetaTrader 4 or a proprietary platform that is well-suited to automated trading.

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    Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.

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    Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.

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    Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.

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    Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.

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    Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.

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    Coinmama is a popular cryptocurrency exchange that aims to provide streamlined and user-friendly cryptocurrency trading options to the retail market. Traders can buy a range of tokens via a fiat on-ramp, store their tokens in a third-party wallet and earn loyalty bonuses for trading with Coinmama. Millions of clients from over 180 countries have signed up to the firm.

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    Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.

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    World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

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    Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.

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    rating full offer CFDs on a range of markets with competitive spreads and zero commissions. The broker also offers the Investmate app, negative balance protection and leveraged trading.

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    Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets.

What is Apple Pay?

Apple Pay is a digital payment system available on Apple iOS devices. It works with the Wallet app so you can store credit and debit cards which can then be used to pay merchants online and in person. You can purchase goods and services from companies such as eBay, Tesco, KFC, Zara, Uber Eats and JD.

Importantly, making a payment is easy because you have quick, almost instant access to your card just by pressing the Apple Wallet app logo where your default card details are stored. You can also see the transaction history for each card including any subscriptions and recurring payment plans you have. This is particularly useful when requesting a refund from a merchant.


Launched in the USA in 2014, Apple Pay was introduced to the UK the following year and has since expanded to over 70 countries. It is now so popular that six out of every 10 people in the UK used Apple Pay to make a purchase in 2021. Its popularity, in part, is due to Apple Pay using near-field communication (NFC) technology akin to contactless credit and debit cards.

Apple Pay is also becoming an accepted deposit and withdrawal method at trading brokers, including AvaTrade. In addition, it can be used to purchase cryptocurrency from entry-level brokers such as CoinGate.

Apple Pay daily transaction limits

How to Set Up Apple Pay

It is simple to set up Apple Pay:

  • Launch the Apple Wallet App (it should be pre-downloaded on your Apple phone, tablet or computer)
  • Add a new card by pressing the ‘plus’ button
  • Select the ‘Debit’ or ‘Credit Card’ option
  • You can either use the camera to scan the front side of the card or you can manually input the card number, expiration date and security code
  • Validate the card either by receiving a text via iMessage or SMS or through a call from your bank
  • If you want to remove a card or are interested in updating the card info, simply click on the three-dots icon on the app and make any changes on the pop-up screen
  • Setup face ID or fingerprint scan for verification at the point of sale. If you use a device without face ID support or a fingerprint button, you can pay with a four or six-digit passcode

Note, you will need an Apple ID with an email address and password.

How to Pay With Apple Pay

  • Login to your account with one of the trading brokers that accept Apple Pay
  • Go to the account funding section and choose either ‘deposit’ or ‘withdrawal’
  • Select ‘Apple Pay’ from the available methods
  • Input the desired amount and click confirm
  • You should see a pop-up asking to confirm the payment with face ID, fingerprint or your verification code


Deposits are processed almost immediately when using Apple Pay. Trading212, for example, says you can expect to wait around 10 minutes for the deposited funds to be reflected in your brokerage account.

Withdrawals, however, tend to take longer. For instance, says that withdrawals are processed within 24 hours of the request, but you can expect to wait up to 5 days before the funds return to your bank account. This is standard with most online brokers as they need to complete verification checks.


The transaction fee for making a payment with Apple Pay is at the broker’s discretion. Many brokers, such as Pepperstone and XM, do not charge users for making a deposit or withdrawal with Apple Pay.

There are certain brokers, however, that impose a fee.  One example is Trading212, which charges a 0.7% transaction fee on all deposits over £2,000.

Customer Support

If your Apple Pay deposit experiences an error, if it doesn’t work, won’t add your card, or simply says your phone number is invalid, there are several contact methods you can use to get help:

  • A community forum to speak with other Apple pay users
  • A support centre with topics covering common problems and questions
  • Phone contact number that you can ring (see the website for the respective helpline)
  • Customer service live chat that is open between 8 AM and 8 PM Monday to Friday and from 9 AM until 6 PM on weekends
  • Speak to someone in-person. There are 38 Apple stores in the UK where you can talk with an employee who can also give you a demo of your device

Is Apple Pay Safe & Secure?

Apple Pay is a safe way to make online payments. When you scan your card, the information is encrypted and kept secure on Apple’s servers. Additionally, you must set up a passcode to complete payments. This means that even if someone steals your device, payments will be declined because verification is required. This also makes it particularly important to keep your passcode secret.

Benefits of Apple Pay

  • Easy for brokers to facilitate Apple Pay using JavaScript API or Stripe for gateways
  • Apple guarantee privacy and security for user and card information
  • The process to connect debit and credit cards is straightforward
  • Trading deposits are usually processed immediately
  • Pre-downloaded on all Apple devices
  • Free to set up and use

Drawbacks of Apple Pay

  • Investors with Android devices cannot use Apple Pay
  • Not yet supported by the majority of brokers
  • Limited buyer protection measures in place

Apple Pay Verdict

Apple Pay is a reliable payment method. It is a great option whether you want to invest in stocks such as Amazon and Uber or cryptos like Bitcoin (BTC) and Ripple (XRP). It is also easy and free to get up and running with Apple Pay if you have a compatible iPhone, iPad or Mac computer. See our list of brokers that accept Apple Pay deposits to start trading today.

If you do not have an Apple device, consider alternatives such as PayPal or Google Pay, which is the equivalent for Android. And as with all investments and payment methods, beware of scams and never invest more than you can afford to lose.


Is Apple Pay Unlimited?

Apple Pay does not apply the UK contactless spending limit of £100 per transaction so there is no maximum payment amount. Moreover, there is no daily or monthly cap placed on the maximum number of transactions that you can make. The deposit and withdrawal solution is effectively limitless.

Is Apple Pay Free?

Yes – the Apple Pay Wallet app is free to download and there is no charge from Apple when using it to pay for goods and services. With that said, there may be a small transaction fee with certain brokers, so read the broker’s guidelines before making a deposit or requesting a withdrawal.

Is Apple Pay Safer Than PayPal?

Both systems provide relatively secure ways of making payments. Apple secures and encrypts card details and then requires a passcode, face ID or fingerprint ID to confirm the transaction. PayPal works in a similar way by hiding your payment information in a vault so the merchant cannot see your details. Customers can also enable two-factor authentication to add another protective layer. If you are searching for a safe way to transfer funds, both Apple Pay and PayPal are viable options.

How Can I Check To See If Apple Is Down?

Head to the System Status page on Apple’s website. This has a table detailing what services are running and which are not in operation. Alternatively, you can look at third-party websites such as to see live reports of outages.

What Devices Can I Use Apple Pay With?

Apple Pay is available on the following devices: iPhone SE, SE 2nd Generation, iPhone 6, 6s, Plus, 6s Plus, iPhone 7, 7 Plus, iPhone 8, 8 Plus, X, XR, XS Max, XS, iPhone 11, 11 Pro Max, 11 Pro, iPhone 12, 12 mini, Pro Max, Pro, iPad Pro, iPad Air, iPad and iPad mini models with either touch ID buttons or face ID scanners, all Apple Watch variants (as long as they are paired with an iPhone 5 or later model), plus all Mac computers and Macbook laptops that were launched in 2012 or later with touch ID capabilities. Apple has also released an Apple Card, which functions like other credit cards from UK banks such as Barclays, Halifax, HSBC, Monzo and Yorkshire Bank. It can be used on Apple Pay with features such as cashback.

Where Is Apple Pay Accepted?

Apple Pay is not yet accepted in every country across the globe. You can use Apple Pay in almost all countries in Europe along with the UK, USA and Canada in North America. In the Middle East, Apple Pay is accepted in countries such as Qatar, Israel and Saudi Arabia. In Africa, only in South Africa do merchants accept payments via Apple Pay at the time of writing. This means that if you are a trader based in Nigeria or Zimbabwe, for example, you will need to find alternative payment methods. Many countries in Asia support the payment solution but it is heavily restricted in China and not accepted at all in India. For a full breakdown of where Apple Pay is accepted, see the official website.