Payment Methods
To start trading or investing you need to fund your trading account. There are lots of different payment methods available to traders these days, and individual requirements determine which is better for any one trader. Do you want to deposit smaller amounts often or one larger sum to start trading with no further hassle? Here we list all payment methods accepted by UK brokers.
ACH Transfer
An ACH transfer is a bank-to-bank transaction conducted through the Automated Clearing House (ACH) network. This review will cover typical processing times, how to complete a deposit to a live trading account, and standard fees. We also touch on the payment method vs alternatives such as credit/debit cards and electronic bank wire transfers.
ADVcash
ADVcash is an e-wallet system that accepts a range of fiat currencies and cryptos. The payment provider is supported in multiple countries including the UK. Importantly, ADVcash can be used to complete transactions for goods and services as well as to deposit and withdraw from trading accounts. In this review, we cover how ADVcash works, any card fees, charges and limits, plus making payments at online brokerages.
Alipay
With over 1.3 billion users and more than 80 million merchants, Alipay is one of the most popular digital payment services in China and, since 2013 when it overtook PayPal, the largest payment platform in the world. Alongside its runaway success at home, Alipay has also pushed into markets outside China with integration in many countries, including Britain’s Barclaycard.
Apple Pay
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.
AstroPay
AstroPay is an online payment service that helps millions of users make transfers every day, including retail traders. Following recent investments in the UK and Europe, there is also a growing list of brokers that accept AstroPay deposits.
Banxa
Banxa is a global cryptocurrency gateway that provides traders with a simple and effective way to support their investing accounts with digital currencies. This guide will cover how Banxa works and why it is becoming an increasingly popular choice for online traders and crypto exchanges. We also rank the top Banxa brokers and unpack transaction times and transfer limits.
Cheque
Cheque payments are a traditional transaction solution. By definition, the payment gateway is referred to as an order to a bank or financial institution to pay a specified sum to an alternative account. The rules require the request to be written on a specially printed form. This review will cover how long payments take to clear, how to complete a deposit to a live trading account, plus typical fees.
Credit Cards
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.
Debit Card
Debit cards are popular with UK investors looking to make deposits and withdrawals to online trading accounts. Debit cards are cheap, secure and often provide insurance when completing transactions. In this article, we look at the definition of debit cards, payment limits and transfer fees. We also explain how to make deposits and withdrawals at trading brokers and list the platforms that accept debit cards.
ecoPayz
ecoPayz is a money transfer system and e-wallet that traders can use to fund online investing accounts. 50+ currencies are supported including GBP, while perks and discounts are available to users with higher profile tiers. This review ranks the best brokers that accept ecoPayz deposits, with details on transfer limits, withdrawal fees, and safety measures.
emerchantpay
emerchantpay is an FCA-regulated payment service provider available in 150+ processing currencies and 13 settlement currencies, including GBP. The tool provides its services for online, mobile and point-of-sale transactions with over 80 payment methods. In this review, we look at how the payment method works for trading, associated transaction times, security and how to make deposits and withdrawals at emerchantpay brokers.
Etana
Etana is an independent custodian of digital and traditional assets. Its services also include payment solutions, tokenisation of digital assets and clearing. Unique to Etana Custody, the company allows clients to make some or all of their currency available for online trading, making it a popular choice amongst UK investors.
FasaPay
FasaPay is an e-wallet that investors can use to transfer funds between their bank account and a trading broker. As a reliable and low-cost payment method, FasaPay is a viable deposit option for UK-based traders.
Finrax
Finrax is a cryptocurrency payment gateway that allows traders to deposit and withdraw using both digital and fiat currencies. The Sofia-based service provider was founded in 2018 and promises to improve the cryptocurrency gateway landscape by tackling two key issues: volatility and hidden fees.
GlobePay
GlobePay is a payment solutions company that aims to connect UK businesses including trading brokers with Chinese customers who typically use transfer gateways such as Alipay, WeChat Pay and Union Pay.
Google Pay
Google Pay is an established e-wallet and online payment system. It offers a convenient way to make payments from portable devices. This includes mobile apps, websites and physical stores. Our review will cover how to use the payment solution to make deposits to trading accounts. We also explain how Google Pay works, associated fees and we compare it to alternative e-wallets like Apple Pay.
Klarna
Klarna Bank AB is a Swedish fintech solutions company that provides growing online payment services, including trading deposits and withdrawals. Founded in Stockholm, in 2005, the firm is known for its “Buy now, pay later” service, allowing customers to pay with credit on their purchases as part of the checkout process.
Maestro
Maestro is a popular payment method allowing investors to transfer money and make online transactions, including deposits and withdrawals with UK trading brokers. Issued by Mastercard, the brand has become one of the most commonly used payment solutions, offering British investors a fast, safe and low-cost means of funding trades.
Mastercard
Mastercard is one of the most popular banking solutions and is widely accepted by many online brokers. You can find the Mastercard logo on credit, debit and prepaid gift cards. Traders typically benefit from instant deposits, low fees and high user security. See our list of brokers that accept Mastercard payments and review our pros and cons of trading with the payment solution.
MoneyGram
MoneyGram is a popular and long-running transfer company that allows users to send and receive money internationally, both online and from in-store locations. This guide will cover how UK investors can use MoneyGram to fund their online trading accounts and provide a rundown of fees and transaction times.
Neteller
Neteller is a secure, global e-wallet and money transfer solution. It offers payment services to individuals, merchants and traders. In this review we focus on trading with Neteller, specifically how to open an account, make deposits and withdrawals, any fees and common FAQs. We also list the best brokers that accept Neteller deposits.
PayNow
PayNow is an online payment system that allows customers of a range of banks and financial companies to make instant transfers to merchants and brokers that accept this payment method. This guide will lay out how this transaction solution works and how traders in the UK can use it to fund PayNow brokers.
Payoneer
Payoneer is a secure global banking and payment solution. This review looks at Payoneer as a payment method for online trading and assesses its usefulness to UK investors. Read on to discover typical fees, safety measures and customer support provisions. Our experts have also reviewed and ranked the best brokers that accept Payoneer deposits and withdrawals.
PayPal
PayPal is a safe and reliable method of transferring money to brokers. In this article, we discuss the pros and cons of trading with PayPal brokers, the fees involved, plus additional facts to help you sign up and log in. We also list the best forex brokers accepting PayPal deposits.
PayRedeem
PayRedeem is a digital payment system that allows UK investors to transfer funds to online trading accounts using prepaid voucher cards. This guide will give the lowdown on this fast and cost-efficient payment method, with a review of its key pros and cons and a step-by-step breakdown of how PayRedeem fees work.
Paysafecard
Paysafecard is a transfer solution offered by Paysafe Group Limited. It allows customers to buy goods online and in shops. UK investors can also use the brand to make deposits and withdrawals at trading brokers. In this review, we explain how Paysafecard works and we list the pros and cons for traders, including transaction fees, payment limits and transfer speeds.
Perfect Money
Perfect Money is an online payment solution designed for individuals and merchants. It offers many services including loans, currency purchasing, money transfers and online transactions. Our e-wallet review focuses on its use in trading, specifically fees, account verification and more. We also list the UK brokers accepting Perfect Money deposits.
Rapid Transfer
Rapid Transfer by Skrill Ltd is an online payment system similar to Neteller. It is supported in 170+ countries including the UK, as well as by 3000+ banks like Lloyds. On a broker’s website, you may see the Rapid Transfer logo, meaning you can use the service to make a deposit or withdrawal. In this review, we run through what Rapid Transfer is, plus any fees and limits.
SafeCharge
SafeCharge is a global technology company that acts as an omnichannel payment gateway allowing fast and secure transactions with numerous participating merchants, including some well-known UK trading brokers. SafeCharge has built a large roster of partner companies and added cryptocurrency functionality to its system, bringing excellent value to its new owner, Canadian payment giant Nuvei.
Samsung Pay
Samsung Pay is an e-wallet provider similar to Apply Pay and Google Pay. The system provides traders with the ability to make secure, fast and low-cost transactions at online brokers. Samsung Pay may still be a relatively uncommon deposit method in the online investing industry but it can make a huge difference in payment convenience.
Simplex
Simplex is a payment processor that allows traders in the UK to use popular transfer methods such as Apple Pay, Visa, and Mastercard to easily buy
Skrill
Skrill is a popular money transfer service. It can be used to deposit and withdraw funds with some of the best brokers on the market. In this review, we discuss the services Skrill offers and the fees charged. We’ll also touch on the pros and cons of the money transfer solution, including how safe the service is and the speed of withdrawals.
Sofort
Sofort by Klarna is an online banking and money transfer system from Germany. It is supported in the UK and many European countries, including on e-commerce websites and trading brokers that show its logo. In this review, we cover everything you need to know about Sofort, including how it works, pricing, plus the login and deposit process.
STICPAY
STICPAY facilitates easy and safe deposits and withdrawals to and from trading accounts. The e-wallet provider focuses on providing swift and seamless financial transactions with a specific interest in the trading sector. This review lists the top CFD and forex brokers that accept STICPAY deposits. Our guide also unpacks sign-up details, account fees, money transfer limits, plus popular FAQs.
Swift
Swift is a global payment system based in Belgium. It is primarily used for making payments overseas, though some individuals also use it to make retail payments to vendors, including online trading brokers. In this review, we start with an introduction to Swift - explaining how the payment mechanism works.
Trustly
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.
Visa
Visa is a popular deposit method accepted by most forex brokers. The payment network is available in over 200 countries and products include credit and debit cards, prepaid and gift cards. Combining speed and security alongside low fees, Visa is used by many UK investors for depositing funds and withdrawing profits from online trading accounts.
WebMoney
WebMoney is an online settlement system and e-wallet that investors can use to fund their trading accounts. The service is offered by a number of top forex brokers including eToro. WebMoney is supported in many countries including the UK. This review covers how the system works, the WM Keeper software and how WebMoney compares to other services like PayPal.
Western Union
Western Union is an established global payments company offering real-time exchange rates, a currency converter calculator, tracking transfers online and bill payment services. Distinguished by its black and yellow logo, it is best known for its international money transfer services, which can be done online or in-person.
Wire Transfer
Wire transfer, also known as a bank or electronic transfer, is a method of moving money from one account to another. Individuals can make a payment at a domestic or international level, meaning it is suitable for many traders. Wire transfer also has strict regulations, so is considered secure for depositing large amounts of money.
Worldpay
Worldpay is a globally recognised technology solution with 25+ years in payment processing. It has also been integrated by several trading brokers in the UK. This guide will cover its use as a secure payment gateway for online trading, including typical transaction fees and how to deposit to live investing accounts.
Yandex Money
Yandex Money is a popular e-wallet that can be used for shopping, paying bills, and online trading. This tutorial explains how to fund trading accounts at Yandex Money brokers, from transaction speeds and fees to the pros and cons of the payment method for UK traders. Our experts have also reviewed and ranked the top brokers that accept Yandex Money deposits in [year].