Best AstroPay Brokers 2024
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.
Here, we rank the best AstroPay brokers in 2024. We also provide instructions on how to make deposits and withdrawals to and from your trading account with the payment method.
RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active traders.
InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC and CySEC.
Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.
Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.
Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.
GC Option is a binary options broker offering contracts with flexible contract lengths and payouts up to 86% on 27 instruments. This is one of the few binary options brokers to support MetaTrader 4, which it provides alongside two proprietary trading platforms.
Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services.
Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
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.
FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.
The company was founded in 2009 in South America to offer an alternative payment method that accepts local currencies, providing an on-ramp for Latin Americans to make transactions with global companies over the internet.
In addition to its popularity in Latin America, AstroPay’s six million users span the UK, Europe, Asia, and Africa. This is largely due to the firm partnering with more than 200 global banks and payment systems, including:
- Visa and Mastercard in the UK, USA, and European countries
- Unified Payments Interface (UPI) in India and the UAE
- M-Pesa in Nigeria, Bangladesh, Kenya, and Malaysia
How AstroPay Works
AstroPay works in the same way as many e-wallets. To access the payment method, you will need to sign up for an account via the AstroPay website or mobile app. The registration process is simple: enter your name, date of birth, email address and phone number before setting a password.
After this, you can use a credit or debit card, cryptocurrency, or bank transfer to load funds into your AstroPay virtual account in your chosen currency, such as GBP.
If you sign up with one of the brokers that accept AstroPay deposits, you can then use your account details to connect the solution to your trading profile. When you make a trading deposit, money will be extracted directly from your AstroPay account.
AstroPay brokers typically offer instant deposits. This includes Vantage, FXChoice, and EasyMarkets. However, some brokers may take longer. For example, when trading with RoboForex, transactions can take up to one working day.
Withdrawals can take longer, with the average waiting times at the aforementioned AstroPay brokers being two business days. This is in line with most electronic payment methods, as trading brokers often have to perform KYC checks before they can release trading profits. Importantly, it is also quicker than other payment methods, such as wire transfer.
If your transaction is taking longer than expected, contact your broker’s customer support team via live chat, email or telephone.
Signing up for an AstroPay account is free, as is maintaining the account, so any fees incurred in a transaction will be from the broker’s end. Fortunately, deposits are usually free of charge, as is the case with Vantage, FXChoice, PU Prime, and most other brokers that accept AstroPay.
However, AstroPay brokers may charge a fee for processing withdrawals. RoboForex, for example, charges a 0.5% fee for withdrawals. Still, this is lower than fees often charged for other payment methods, including e-wallets like Skrill and Neteller, which can come with a 2.5% cost.
It is a safe and reliable payment solution, compliant with Payment Card Industry Data Security Standard (PCI DSS). No sensitive data on transactions is stored and the network uses end-to-end encryption for additional security.
The company is also regulated by the Financial Conduct Authority (FCA) under Larstal Limited (an alternative name for the same company). The FCA is the UK’s regulatory body and is recognised within the finance industry for its strong consumer protection rules.
To further protect your trading capital, only sign up with AstroPay brokers that are regulated by the FCA.
How To Make Trading Deposits & Withdrawals With AstroPay
Making A Deposit
- Login to your broker and go to the deposit page/cashier portal in your trading account. Select AstroPay as your payment method
- Follow the prompts to enter your AstroPay card details and the amount you wish to deposit. Note, your broker may have a minimum deposit requirement
- Enter the phone number connected to your AstroPay account for identity confirmation through a verification code
- Confirm the transaction and wait for the funds to be transferred to your trading account
Making A Withdrawal
- Go to the withdrawal page of your broker and select it as the withdrawal method
- Enter the amount you wish to withdraw and follow the prompts to confirm the transaction
- Most withdrawals will be processed and cleared within several working days
To avoid delays, make sure your trading account is verified and that you have provided any copies of the ID documents requested.
AstroPay customer care can be contacted via an online form on the official website. Simply enter your name, email, contact number, and your query. You will then be contacted by customer service personnel.
On the downside, there is no live chat or contact phone number, though most AstroPay brokers provide assistance with deposits and withdrawals through chatbots and telephone support.
Pros Of AstroPay For UK Traders
- Fast and convenient: It can be used to instantly fund trading accounts without the need to enter sensitive financial information
- Secure: The payment method complies with industry anti-money laundering rules, uses end-to-end encryption, and is regulated by the FCA, all ensuring your data and money are safe and secure
- Widely accepted: It is accepted by more than 1,900 global websites, including a range of AstroPay brokers in the UK, making it a versatile payment option
- Anonymous: The firm allows users to make payments anonymously.
Cons Of AstroPay For UK Traders
- Popular Alternatives: Although there are various UK brokers that accept AstroPay deposits, it is not nearly as widely used as other e-wallets or online payment methods, such as PayPal, Skrill, or Neteller
- Customer Service: There is no contact phone or live chat option if you wish to contact customer support. You can only do so via an online request form, which typically has a longer response time than phone calls or live chat
Should Traders Deposit With AstroPay?
AstroPay is a trusted and secure payment solution. It is also quick and cheap, however, there are many more common payment methods available, so it may not have the same appeal to UK-based traders.
To make a deposit and start trading using the transfer solution today, sign up with one of the top AstroPay brokers.
Is AstroPay A Safe Way To Make A Deposit Into My Trading Account?
Yes, AstroPay is a secure way to make deposits into your online trading account. It is an FCA-regulated company that uses data encryption to keep funds secure. If you want to maximise security, you can also add two-step verification on your brokerage account.
Is There A Transaction Limit When Making A Deposit To AstroPay Brokers?
AstroPay brokers will implement different minimum deposit and withdrawal limits. For example, RoboForex has a deposit and withdrawal limit of between 10 USD and 10,000 USD, the base currency for this brokerage – so, about £8 to £8,000 for UK traders.
Can I Fund My Trading Account With AstroPay From My Mobile?
Yes, AstroPay has an app, meaning you can make deposits into your trading account or request withdrawals on the go. The best brokers that accept AstroPay deposits also allow clients to manage their trading activity and payments from their own mobile trading applications.