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.
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.
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.
PayPal
PayPal is a safe and reliable method of transferring money over the internet. Those who join are frequently pleased with the high level of customer service on offer. 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.
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.
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.
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 and AvaTrade. 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.