Best Trustly Brokers 2025
Trustly Group AB is a Swedish fintech company, headquartered in Stockholm. Trustly simplifies payments by allowing users to pay without apps and card networks. Our review delves into a brief history of the payment provider and explores their pricing, security, speed and how it works. We weigh up the advantages and disadvantages of using the payment provider for forex trading. We also list the best brokers accepting Trustly deposits.
Trustly Brokers
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eToro, a leading multi-asset platform, provides access to trading services across thousands of CFDs, stocks, and cryptocurrencies. Established in 2007, it boasts millions of active traders worldwide and is sanctioned by top-tier regulators such as the FCA and CySEC. It stands out for its extensive social trading feature. Crypto investments are unstable and carry risk. Tax implications might apply. Acknowledge the risks involved. 61% of retail CFD accounts incur losses.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF eToro Web, CopyTrader, TradingCentral Min. Deposit Min. Trade Leverage $50 $10 1:30 -
Founded in 2008 and based in Israel, Plus500 is a leading brokerage with over 25 million registered traders across more than 50 countries. It focuses on CFD trading, offering a user-friendly proprietary platform and mobile app. The company provides competitive spreads and does not impose commissions or charges for deposits or withdrawals. Plus500 stands out as a highly trusted broker, licensed by respected authorities such as the FCA, ASIC, and CySEC.
Instruments Regulator Platforms CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA WebTrader, App Min. Deposit Min. Trade Leverage $100 Variable 1:30 -
Established in 2020 in Cyprus, RedMars provides attractive spreads on over 300 instruments and offers leverage up to 1:500. It has three types of accounts—Standard, Pro, and VIP—to cater to different budgetary needs and experience levels. The account opening process is swift and entirely digital.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Cryptos CySEC, AFM MT5 Min. Deposit Min. Trade Leverage €250 0.01 Lots 1:30 (Retail), 1:500 (Pro)
Safety Comparison
Compare how safe the Best Trustly Brokers 2025 are and what features they offer to protect traders.
Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
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eToro | ✔ | ✔ | ✘ | ✔ | |
Plus500 | ✔ | ✔ | ✔ | ✔ | |
RedMars | ✘ | ✔ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the Best Trustly Brokers 2025 support and whether they have trading accounts denominated in British Pounds (GBP).
Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
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eToro | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ |
Plus500 | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ |
RedMars | ✘ | ✔ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the Best Trustly Brokers 2025 at mobile trading using apps or other mobile interfaces.
Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
---|---|---|---|---|
eToro | iOS & Android | ✘ | ||
Plus500 | iOS, Android & Windows | ✘ | ||
RedMars | iOS & Android | ✘ |
Beginners Comparison
Are the Best Trustly Brokers 2025 good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
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eToro | ✔ | $50 | $10 | ||
Plus500 | ✔ | $100 | Variable | ||
RedMars | ✔ | €250 | 0.01 Lots |
Advanced Trading Comparison
Do the Best Trustly Brokers 2025 offer features that allow for more advanced trading strategies?
Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
---|---|---|---|---|---|---|---|
eToro | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✘ | 1:30 | ✘ | ✔ | ✘ | ✔ |
Plus500 | ✘ | ✘ | 1:30 | ✘ | ✘ | ✘ | ✘ |
RedMars | Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 (Retail), 1:500 (Pro) | ✘ | ✘ | ✘ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Best Trustly Brokers 2025.
Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
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eToro | |||||||||
Plus500 | |||||||||
RedMars |
Our Take On eToro
"eToro's social trading platform excels with its outstanding user experience and lively community chat, aiding beginners in spotting opportunities. It offers competitive fees on numerous CFDs and real stocks, alongside exceptional rewards for seasoned strategists."
Pros
- Diverse investment portfolios are accessible, encompassing traditional markets, technology, cryptocurrency, and beyond for traders.
- Leading traders participating in the broker's Popular Investor Programme can earn yearly compensation of up to 1.5% of the copied assets.
- eToro has launched EUR and GBP accounts, reducing conversion fees and offering a trading experience better suited to local requirements.
Cons
- The only significant contact option, besides the in-platform live chat, is limited.
- There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
- The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.
Our Take On Plus500
"Plus500 provides a seamless experience for traders with its CFD platform, featuring a sleek design and interactive charting. However, its research tools are basic, fees are higher than the most economical brokers, and its educational resources could be improved."
Pros
- Plus500 offers a dedicated WebTrader platform tailored specifically for CFD trading. It features a user-friendly and streamlined interface.
- Leverage can be used in trading both long and short positions, providing enhanced strategic opportunities.
- The customer support team consistently delivers reliable support around the clock through email, live chat, and WhatsApp.
Cons
- Compared to competitors like IG, Plus500 offers limited research and analysis tools.
- Algorithmic trading and scalping are not available, potentially deterring certain traders.
- Plus500's omission of MetaTrader and cTrader charting tools may deter seasoned traders seeking familiar platforms.
Our Take On RedMars
"RedMars suits experienced traders using MetaTrader 5 and based in the EU, with CySEC authorisation. However, limited educational and research tools make it unfit for novices."
Pros
- RedMars provides an exceptional trading platform, MT5, which features 21 timeframes, numerous analytical tools, adaptable templates, and options for algorithmic trading.
- Beginning on RedMars is remarkably straightforward. Tests indicate you could be operational within minutes, simplifying entry for traders.
- The broker offers flexible payment options, such as wire transfers, credit cards, e-wallets, and cryptocurrencies.
Cons
- RedMars provides a limited trading environment with only 300 instruments, especially when contrasted with market leaders such as BlackBull Markets, which boasts 26,000 assets.
- RedMars is not ideal for newer traders. It lacks educational resources, does not offer a user-friendly platform for novices, requires a high minimum deposit, and provides insufficient support during trials.
- Although RedMars' spreads are in line with industry norms, they do not provide a notable advantage over the more economical brokers, such as IC Markets, that we have previously engaged with.
What Is Trustly?
Trustly is a digital, account to account (A2A), payment service. As well as the Stockholm HQ, the company has offices in 10 locations across the globe, including in Europe, Australia and the Americas. The payment solution has reached 525 million consumers, servicing over 8,000 merchants.
Trustly was founded in 2008 by Lukas Gratte, Joel Jakobsson and Carl Wilson. The management team and board members can be viewed on the official website. Partners and investors include majority shareholder Nordic Capital, Blackrock, Neuberger Berman, the Investment Corporation of Dubai and RSIC.
Trustly has become a popular payment solution for trading in the UK. They work across a variety of corporate sectors and products, not just trading. Major global partnerships include PayPal, Alibaba, Facebook, eBay, TransferWise, eToro, Western Union, Worldpay, Dell, Draft King, Unicef, Norwegian, and more.
They promise to be a modern payment service, with low fees, fast payments and rapid refunds.
Pricing
Trustly doesn’t charge any fees for its services. There are no funding or withdrawal limits, but banks may restrict how much can be paid immediately. Brokers and banks might also charge for deposits and withdrawals so check before making payments.
By providing a direct link from the merchant to the client’s bank account, admin costs are low for brokers. There are also no inactivity fees.
Speed
Trustly is connected to over 6,300 banks, offering instant deposit and withdrawal times in most cases. Some banks, however, have limits on how much money you can transfer instantly. There is no need to register an account, use your card or leave the broker’s website. This makes payments direct and bank transfer times quicker than at major competitors.
Note, how long it takes for brokers to process payments on their end varies. Speak to the customer support team for details.
Security
Licensed and supervised by the Swedish Financial Supervisory Authority, our review was pleased to see Trustly Group AB adheres to strict regulations. Trustly holds a PSP license with the Payment Services Directive (PSD2) in the EU. They are also authorised and regulated by the FCA under the Temporary Permissions Regime.
Data isn’t held, as no account verification is needed to pay using the payment solution, and card information is never stored. High encryption standards are upheld and two-factor authentication is also leveraged. Terms and conditions, KYC and privacy policies, financial statements and annual reports are available on the official website. This, in addition to their esteemed global partners, inspires confidence that Trustly is a transparent, reputable and secure payment method.
Note, email your broker’s customer support team should you run into issues with transactions that have failed.
How To Make Trustly Deposits & Withdrawals
Trustly payments are simple and easy. The portal allows you to pay without leaving the broker’s website. There is no need to sign-up or login to an account. It is a debit-only provider which reduces consumer risk. This is arguably a more sustainable model than competitors such as Klarna, who work on credit-based systems.
- Deposit with your preferred broker and select Trustly in the checkout
- Select your bank and log in as you normally would
- Choose the account from which you want to make the payment
- Confirm your payment with your authentication method
Additional Features
Additional features include the Trustly Knowledge Hub, which offers news, blog posts and educational resources. Sustainability is also a key part of their business model, and they have committed to mitigating their impact on the climate. More details can be found on their website.
Trustly is a multi-currency payment provider and also one of the leading voices in open banking. Open banking connects third-party payment providers, such as Trustly, to banks through the use of APIs.
Pros Of Trading With Trustly
Reasons to open an account with one of our Trustly brokers include:
- Competitive pricing
- Open banking service
- No account registration
- FCA-regulated in the UK
- Free revenue withdrawals
- Instant deposits & fast withdrawals
Cons Of Trading With Trustly
Downsides of opting for brokers that accept Trustly deposits include:
- Instant payment limits with some banks
- Less popular outside of live trading & online casinos
Final Word On Trustly Brokers
Trustly is an ideal payment service for traders. Major corporate partnerships and strict UK regulations are reassuring signs that the transfer solution is a trustworthy, reputable payment option. It is fast becoming a high-ranking fintech company and a good option for a variety of eWallet services, especially forex trading deposits and withdrawals.
FAQs
What Is Trustly?
Trustly is a payment service provider and a leading company in open banking. They offer a piece of software, which makes payments more convenient by connecting the merchant directly to the bank account. Trustly is available across a variety of financial services and products, including broker payments, online casino deposits, eCommerce and more. See the official website for a demo.
What Do I Need To Use Trustly?
To get started and set up with Trustly, you just need a private bank account. They work with instant bank transfers which take place via a payment window, without the need for a Trustly account. Note, processing times and fees vary between online brokers.
Is Trustly Legit?
Trustly is safe to use. Strict regulation with the Swedish Financial Supervisory Authority and a license with the UK’s FCA mean the group must adhere to strict legislation. As a result, we trust that they operate as a respectful business; thus, deposits and withdrawals are relatively safe.
Do Trustly Refund Deposits?
Trustly doesn’t hold funds but facilitates transactions between the merchant and bank accounts, meaning refund requests must be made via the broker with proof of payment.
How Can You Contact Trustly Customer Support?
Trustly can be contacted through the contact form on their website. Calls to the customer support team can be made to the UK telephone number on +44 20 3917 4826. The team can help should the payment portal go down or start not working. Transaction requests and investigations cannot be made via call, and a screenshot of the proof of transaction will be required. Links to their Twitter, Facebook, Instagram, YouTube and LinkedIn can be found on the Trustly website – trustly.net. The company’s headquarters address can also be found online.