Forex Brokers with Prepaid Card

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: September 16, 2025

‹
• Jump to:
• Main Features
• How to Fund Forex Account with Prepaid Cards
• How to Withdraw
• Benefits
• Disadvantages
• Fees and Limits
• Prepaid Card Chargeback on a Forex Account
• Security
• Conclusion
›

Reputable forex brokers strive to ensure the best trading conditions for their customers, offering innovative platforms, diverse trading instruments, low fees and convenient payment methods. With traders looking for the most hassle-free way to fund their live accounts and start trading currency pairs or other CFD instruments, brokers are adopting more deposit options, with prepaid cards now accepted at multiple forex broker sites.

1. 

   Plus500 US

   Rating: 4

   This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

2. 

   eToro

   Rating: 4.2

   61% of retail investor accounts lose money

3. 

   Fusion Markets

   Rating: 4.8

   74-89% of retail's CFD accounts lose money

4. 

   FP Markets

   Rating: 4.9

   73.85% of retail investor accounts lose money

5. 

   Pepperstone

   Rating: 4.4

   75.5% of retail investor accounts lose money

6. 

   AvaTrade

   Rating: 4.7

   76% of retail investor accounts lose money

7. 

   XTB

   Rating: 3.5

   73% of retail investor accounts lose money

If you are wondering how you can utilise prepaid cards for your forex trading payments, we have compiled a detailed review that may be of great help. The experts at TradingPedia have also listed some of the best forex brokers that accept payments via popular prepaid card solutions.

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Main features of the best prepaid card forex brokers

How to fund a forex account with prepaid cards

One of the best things about using prepaid cards is that there is no need to register with a third-party service provider. You can easily obtain a prepaid card by visiting a participating merchant offline or purchasing a voucher online. Once you have obtained a prepaid card for the amount you would like to deposit into your trading account, open the Deposit page on the broker’s site and select the account you wish to fund for your trading sessions.

Next, choose the prepaid card option from the list of supported methods and enter the amount you wish to deposit. You will then be asked to provide the card’s unique code. Depending on the issuer, this code may comprise several digits, so make sure you enter it correctly.

All that remains is to confirm the transaction, and the funds should appear instantly in your trading account. Not only are prepaid card deposits fast and easy, they also rarely incur any fees charged by the broker.

How to withdraw from a forex account with prepaid cards

One of the main weaknesses of this payment solution is the inability to use prepaid cards for withdrawals from trading accounts. In such cases, traders must resort to different payment solutions such as bank transfers, credit/debit cards or other supported methods.

Although uncommon, you may be able to request a withdrawal through the same prepaid card issuer used for your deposits. Companies like Paysafe allow Paysafecard users to open an account with the service provider and use its e-wallet tool for deposits and withdrawals at a trading website. However, prepaid card issuers are generally listed only as a deposit option at forex brokerages. Nevertheless, if you can withdraw funds to the wallet where you store your prepaid voucher codes, you will usually receive your money within 24 hours, with no fees attached to the transaction.

Benefits of using prepaid cards for forex trading

Compared with other payment solutions accepted by forex brokers, prepaid cards offer plenty of advantages. As mentioned earlier, they are extremely easy to obtain and require no registration with a third-party service provider. Popular prepaid cards are available at numerous retail outlets, allowing you to use cash to purchase vouchers. Alternatively, you may buy prepaid voucher codes online, with issuers typically partnering with reliable online retailers.

Deposits made via prepaid cards are processed instantly, allowing you to begin trading right away. Even if you wish to deposit larger amounts, you can combine multiple voucher codes in a single transaction, enabling fast account funding with more substantial sums.

Disadvantages of using prepaid cards for forex trading

Although using a prepaid card for your forex deposits can be very convenient, the method also has several disadvantages. Even though more forex brokers have started to accept prepaid cards, the number of brands that have adopted the solution is still rather low. This means traders may struggle to find a reputable brokerage that accepts deposits via prepaid cards. Moreover, the option may be restricted in some regions, further limiting its accessibility.

Another drawback is the inability to use prepaid cards for withdrawals. As funds cannot be transferred back to prepaid vouchers from trading accounts, you will need an alternative method whenever you wish to withdraw your trading profits.

While forex trading is open to various types of traders, many prefer to fund their accounts with significant sums. Larger trades can often lead to bigger returns, making prepaid cards less suitable for high-volume traders. Although it is possible to combine several voucher codes to make larger deposits, prepaid cards usually have lower maximums than other methods supported by forex brokers. Below, we take a closer look at the typical limits related to prepaid card deposits on forex broker sites.

Fees and limits when using prepaid cards to trade forex

To help you decide whether prepaid cards are the right solution for deposits at forex brokerages, we disclose the typical limits and fees applicable to prepaid card payments. Many forex brokers do not impose a mandatory minimum account balance, but payment solutions tend to have a specific minimum deposit.

The minimum amount you are typically required to deposit with a prepaid card varies according to the broker and the card service you use, but it may start as low as $10. Usually, the lowest denomination of most prepaid cards available for forex payments is also about $10. While maximum amounts also differ, brokers that accept prepaid cards generally allow deposits of up to $1,000, which can often be reached by combining several voucher codes in the deposit section of your trading account.

Although forex brokers have different fee policies, most charge zero fees on deposits made via prepaid cards, making the option suitable for budget-conscious traders. However, a small fee may apply when purchasing the prepaid card itself, and the rate depends on the card-issuing company.

Prepaid card chargeback on a forex account

While credit and debit cards allow consumers to request chargebacks, debit card holders are not legally entitled to dispute a charge. That said, in rare cases prepaid card issuers such as Mastercard and Visa may allow clients to request chargebacks on payments made to forex trading platforms via their prepaid cards. It is possible that Paysafe, one of the larger prepaid card issuers, may also permit charge disputes.

Bear in mind that forex brokers will require strong evidence that you are entitled to a chargeback, regardless of the deposit method used. If you are confident that you can provide the necessary proof for the funds you are owed, contact the issuing company of the prepaid card used for your forex payment.

Security when trading forex with prepaid cards

One of the biggest perks of using a prepaid card for forex deposits is the high level of security applied to transactions. If you buy a prepaid card from a land-based store, you can pay with cash. Even if you purchase a voucher code online, the transaction takes place on trustworthy partner websites, ensuring that your financial data and sensitive information are properly protected.

Because prepaid card deposits do not require banking information, account logins or other sensitive data, your forex payments remain highly secure. This method also adds a degree of anonymity that many traders appreciate.

Lower deposit limits may also be viewed as a security feature, as prepaid cards can help traders avoid depositing more than they can afford to trade. As you can see, security is one of the major strengths of prepaid cards, explaining why many traders prefer them for deposits.

Conclusion

Prepaid cards are an excellent solution for forex traders seeking a hassle-free way to manage their deposits. With instant processing times, no fees and an increased level of anonymity and security, many traders can benefit from this payment method. Unfortunately, popular prepaid card solutions have yet to be widely adopted as deposit options by forex brokers, but we believe more brands will start accepting this method in the future.