Credit cards investments, including VISA, MasterCard, American Express, Discover, JCB and others are some of the most popular deposit methods for most brokers. They provide traders instant balance in their trading accounts and often traders enjoy a great welcome bonus simply for making an initial investment.
Some common errors people receive when trying to invest with credit cards include investors incorrectly inputting their details, or having a card which is not open to either online banking or international transactions. If you suspect you have this problem you should speak to your account manager or support representative at the broker you are working with. This site offers only trusted brokers.
Credit Card Error – Closed to international Use.
If your card is blocked for international use, or if your card cannot purchase goods online, you’ll have to open your card to make an investment. To do this, you’ll have to call your credit card issuer, (often the number will be on the back of your credit card) and request that they open the card for online internet transactions with foreign companies. This happened to us when we first tested brokers and also got many emails regarding this issue from users who were unable to make investments. The process usually takes 5 minutes, especially if your credit card issuer offers support 24/7, which the big ones like Visa and MasterCard do. If not, then you’ll have to wait for open working hours in order to open your card and make your investment. If eligible for this card type, your issuer will open your card immediately and you’ll be able to make an investment provided you have the funds.
This is not always the problem, however. For the safety of the card holder, if a card is attempted in making an investment too many failed times, Visa or MasterCard or whoever the processor is will block your cards for 24-72 hours. If you are having issues making your investment with a broker, we highly recommend you speak to a support representative or your broker or account manager, as they will often be able to see exactly what the problem was in making your investment.
Visa and MasterCard are accepted by most brokers these days.