Best Credit Cards Brokers 2025

Many of the top UK brokers accept credit card deposits, with instant account funding and low to zero fees. Cardholders also benefit from various offers and rewards when using their credit card to trade online.

In this guide, our experts have reviewed and ranked the top credit card brokers for UK traders. We also list typical deposit and withdrawal times, money transfer fees, and minimum payments.

Note, using credit cards to fund online trading is risky – do not deposit more than you can afford. 

How Credit Cards Work

A credit card is a physical card used to send virtual money to merchants, such as online brokers and trading companies. They were first theorised in 1887 in the novel ‘Looking Backward’ by Edward Bellamy, but it was not until 1958 that Bank of America launched the first credit card.

Since then, they have grown to become one of the most common payment methods among trading brokers and merchants. By January 2022, just under 60 million credit cards had been distributed in the UK.

Issued mostly by Visa and Mastercard, credit cards are based on the idea of an ‘I owe you’ between a bank and a client. Users will accrue debt when they complete purchases, such as transfers to brokers that accept credit card deposits, and then pay their bank back at a later date, often with added interest.

Obtaining A Credit Card

To obtain a credit card and start depositing funds to your trading broker, you will need to apply to a chosen bank. The process will require submitting information such as personal contact details and your salary. The bank will also review your credit score.

Take the time to research the different options, evaluating factors such as the best deals and rewards, whether you want interest-free accounts and the type of card.

Once your account has been approved and your card issued, you can start trading with many of the top credit card brokers in the UK.

Trading Times

When making payments to brokers that accept credit card deposits, funds are generally sent quickly. For example, eToro, IG and Pepperstone all process card deposits instantly.

However, you can expect withdrawals to take a lot longer. For instance, if you withdraw funds from your eToro account using a credit card, you may have to wait up to 10 business days before you see the money in your bank account. With Pepperstone, the wait is up to three working days, and at IG, you will need to wait for between two and five working days.

Payment Fees & Limits

Some credit card brokers allow traders to transfer money for free. For example, Pepperstone does not impose any charges for clients using a credit card for both deposits and withdrawals.

However, other UK brokers that accept credit cards impose fees. Examples include Trading212, which charges a 0.7% fee on all deposits after a client has transferred £2,000 to their account. Another example is XTB, which charges £12 for withdrawals that are less than £60.

There are also some brokers which charge flat fees for deposits and withdrawals regardless of the transferred amount. For instance, eToro charges its Bronze, Silver and Gold members $5 for each credit card withdrawal with a minimum payment limit of $30. Additionally, eToro conducts all trading exclusively in USD, so you will need to pay a conversion charge if you deposit or withdraw funds in GBP.

Note, these costs do not account for any fees that your bank may charge to use credit cards, including the annual percentage rate (APR).

Security

Many credit card brokers and banks allow traders to set up two-factor authentication to validate payments. Common methods include using a one-time passcode sent to a phone number, an authenticator app, or asking the user to confirm the request via online banking. This offers an extra layer of protection when trading with credit card brokers because even if your card details are compromised, you still need to validate any payments.

Another way to keep yourself safe when trading is by using FCA-regulated brokers that accept credit card deposits. Licensed trading companies must keep client funds safe and separate from the firm’s capital. Furthermore, through the Financial Services Compensation Scheme, traders could be eligible for up to £85,000 compensation if the broker becomes insolvent. Generally, if the broker is FCA-regulated, you can trust it to be more transparent and reliable.

Finally, certain banks and credit card providers offer a chargeback protection service. This is a useful tool in case you deposit funds to a scam credit card broker that refuses to refund your deposit, though there are no guarantees that you will see your funds again.

How To Make Credit Card Trading Deposits & Withdrawals

Deposits

While the exact process for sending funds to brokers that accept credit card deposits may vary, the general steps taken are as follows:

• Go to your broker’s website or trading app and sign in
• Go to the tab relating to account funding and click ‘Deposit’
• Choose credit card from the available payment methods
• Input your card details such as the card number, expiry date and CVC
• Specify the amount to be deposited, ensuring it is within the broker’s transfer limits
• Confirm the deposit request
• Depending on your bank, you may also need to complete a 2FA process with an OTP or by confirming the transaction through an online banking app

Withdrawals

The typical process for withdrawing funds from credit card brokers is as follows:

• Log into your brokerage account
• Go to the finance section and select ‘Withdraw Funds’
• Choose credit card as your desired method
• Specify the amount you wish to withdraw, ensuring that it is within your broker’s minimum and maximum limits
• Input the bank account details that are linked to the credit card
• Confirm the request and complete any verification steps

Pros Of Credit Cards For UK Traders

• It is a secure way to deposit funds to online trading accounts
• Deposits are usually instant and commission-free with bank cards
• Many leading brokers accept credit card deposits and withdrawals
• Traders can hold and transfer funds in many currencies, including GBP
• Account holders can earn offers and rewards from their bank including cashback and discount deals

Cons Of Credit Cards For UK Traders

• Traders often have to wait a long time for withdrawals to be processed and completed
• Using credit cards to fund trading activity is risky – you could lose money that you will need to pay back
• UK traders must go through an application process where banks use a credit checker to determine their eligibility for a card
• Sometimes high interest is charged by the banks on payments, although you can find credit cards with low or even zero interest

Should Traders Use Credit Cards?

Credit cards can be a convenient way to fund online trading activity. There is a long list of UK brokers that accept credit card deposits and transfers are normally fast and secure.

On the downside, traders must remember to pay off the accrued debt and interest to their bank by the due date. Failure to do so could result in high penalties and fees. With this in mind, trading with credit cards is particularly risky vs alternative payment methods.

Head to our list of the best credit card brokers to make a deposit and start trading.

FAQ