Banking Methods

The most popular methods used to fund trading accounts are Credit / Debit Cards, and eWallets. Electronic Wallets like PayPal and MoneyBookers are popular methods because of the additional layer of security involved however most brokers use the highest forms of SSL security available online. Wire Transfer are another popular method for larger investment amounts.

Before selecting an investment amount make sure to find a broker you trust.  For the list of recommended brokers, you can view our list of brokers.

Here is a list, with a brief explanation of which deposit methods are popular and which brokers accept these investment types.

Credit Cards – These days it seems that everyone has a credit card. This is easily the most popular deposit method and is usually as easy as buying something on amazon.com.

Debit Cards – Debit cards these days have changed over the years and offer a nice amount of flexibility when depositing at your broker.

MoneyBookersMoneyBookers is a popular eWallet in Europe and Asia. Similar to PayPal, users can fund their MoneyBookers account and make payment at thousands of online shops for goods and services including the forex market.

Liberty Reserve – This is another eWallet. Popular in Africa and the Middle East, Liberty Reserve is quickly growing to become one of the top online banking methods in the world with over 1 million users.

PayPal – PayPal is the original eWallet. These days competition in the space is pretty high and so PayPal has actually faded out a bit in favor of cheaper methods mentioned above. From what we have found there are no brokers accepting PayPal deposits at this time.

Payza – This is another eWallet growing in popularity. There are few brokers who accept these types of investments and we are still searching for a broker who accepts Payza.

Wire Transfer – If you’ve ever received a payment from overseas to your bank account then you’ve received a wire transfer. Wire Transfers are the best way to transfer large amounts of money quickly and accurately. There is a fee involved that your bank will charge, but you can be sure the funds will reach your broker swiftly. If you have an account with Westpac Bank for example you wont have any issues at all receiving or sending transfers to and from your broker trading account.