Best Banxa Brokers 2025
Discover the best brokers with Banxa deposits and withdrawals following our rigorous hands-on tests.
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1Founded in 1999, Deriv is an innovative broker serving over 2.5 million global clients. The firm offers CFDs, multipliers, and recently, accumulators, along with unique derived products for flexible short-term trading.
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2OKX is a reputable cryptocurrency company founded in 2017. It provides a wide array of services, including mining pools and NFTs. Traders can buy and sell over 400 crypto tokens through OTC trading and derivatives. OKX also offers a high-quality online platform, developer tools, and comprehensive charts, making it a preferred option for technical traders.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $5 | 0.01 Lots | 1:1000 | ✓ | MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView | USD, EUR, GBP | Expert Advisors (EAs) on MetaTrader, DBots | ✗ | ✗ | |
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✓ | ✓ | 10 USDT | Variable | ✗ | ✗ | VARA | Spot, futures, perpetual swaps, options | AlgoTrader, Quantower | USD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR | ✓ | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Banxa Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✗ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Banxa Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
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Android & iOS | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Banxa Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $5 | 0.01 Lots | ✗ | ✗ | ||
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✓ | 10 USDT | Variable | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Banxa Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader, DBots | ✗ | ✗ | ✗ | ✗ | 1:1000 | ✓ | ✓ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Banxa Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Banxa Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Banxa Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $25 | 0.59 (Apple) | 1.4 | From 0.5 | |
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✗ | Variable | ||||
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Banxa Brokers 2025 are in terms of number of clients.
Why Trade With Deriv?
Deriv is perfect for active traders looking for unique methods to engage with global financial markets. It offers multipliers, accumulator options, and exclusive synthetic indices that simulate real market movements and are accessible 24/7, ensuring continuous trading opportunities outside regular market hours.
Pros
- In 2025, Deriv updated its app with a cleaner interface, enhanced position management, and simplified contract details for smarter mobile trading, winning DayTrading.com's 'Best Trading App' award.
- After incorporating TradingView and MT5 web trader, Deriv now provides top-quality charting tools across desktop, web, and mobile.
- Despite slower response times compared to other options, Deriv provides 24/7 support and is one of the few brokers that offer assistance via WhatsApp.
Cons
- Though there’s a basic blog, there is limited technical analysis or market reports available to assist traders in spotting potential opportunities.
- Besides the MFSA in the EU, Deriv does not have high-level regulatory credentials, which decreases protections such as access to investor compensation.
- The Academy, launched in 2021, is a positive step, but it offers limited education on advanced trading topics for experienced traders and lacks live webinars to train new traders.
Why Trade With OKX?
OKX is a preferred choice for traders seeking new cryptocurrencies and projects for investment. Traders can benefit from its copy trading feature and automated bots.
Pros
- A large development lab is offered along with access to a marketplace of ready-made trading bots with automatic arbitrage.
- Numerous blockchain offerings encompass DeFi services, NFTs, games and more than 400 existing and upcoming coins.
- OKX, licensed by the Dubai Virtual Assets Regulatory Authority, enjoys a strong reputation among its 20 million worldwide clients.
Cons
- Customer support quality varied during testing.
- The broker's platform and features might be hard to understand for new traders.
- The company provides minimal regulatory supervision, a typical feature among crypto trading platforms.
Filters
Banxa: Simplifying Cryptocurrency Payments
Banxa is a payment service that helps people buy and sell digital currencies like Bitcoin while keeping costs low and transactions fast. This guide will explain what Banxa offers, its pros and cons, and how you can use it easily.
We also have a list of the top brokers that accept Banxa payments.
How We Picked the Best Banxa Brokers
To find the best brokers that use Banxa, we:
- Checked our database of 500 trading platforms that work with Banxa payments.
- Made sure they let you use Banxa for both deposits and withdrawals.
- Ranked them based on thorough data analysis and our own experiences.
Understanding Banxa
Banxa is a service that helps connect people who trade cryptocurrencies with the platforms they use.
- Founded in 2014 by Domenic Carosa, it allows people to buy cryptocurrencies like Bitcoin using regular money.
- Banxa’s main office is in Melbourne, Australia, with teams in Amsterdam and Vilnius too.
- It was the first service of its kind to become publicly traded, listed on markets like TSX and OTCQX.
- Banxa works all over the world in places like Germany, the UK, the USA, and more.
Fees
Banxa’s fees depend on how you pay, where you’re located, and the trading platform you use. Sometimes, there are no fees at all, like with transactions through Kucoin. Banxa also offers promotions occasionally, like discounts on crypto purchases.
Payment Methods
You can use several methods to pay, with fees of around 1.99% for Visa, Mastercard, and Apple Pay globally. But some methods are free, like:
- SEPA in Europe
- Interac in Canada
- Bank transfers in the UK
- iDEAL in the Netherlands
Transfer Limits
How much you can transfer varies. For instance, with Edge wallet, you can move up to $50,000 daily using POLi. In Canada, Interac e-transfers have a CAD 3,000 daily limit. The smallest transaction you can make is $30.
Transaction Speed
The time it takes for transactions with Banxa depends on several things like account verification and payment method. If you’ve verified your identity through KYC, transactions can take from five minutes to three hours. Instant payment options include Visa, Mastercard, and Apple Pay. However, other methods like SEPA and POLi may take a few days. Cryptocurrency transfers might also take longer during busy times as they use the Ethereum network.
Security
Banxa is a trusted option for transferring money between crypto and regular currencies. You have to verify your account with personal details and undergo a two-factor authentication (2FA) process for extra security. Banxa also does annual audits to ensure compliance with rules.
Customer Support
If you need help, Banxa offers:
- A support page with FAQs and troubleshooting tips on the Banxa website.
- Live chat support or email for more complex issues.
- Webinars and community discussions on platforms like YouTube.
Following Banxa on social networks like Twitter and LinkedIn can also keep you updated.
How to Deposit Using Banxa
Getting started with Banxa is straightforward:
- Decide how much cryptocurrency or regular money you want to use, and verify your email, phone number, and ID if you haven’t yet.
- Choose a payment method like bank or wire transfer.
- Confirm the transaction with a PIN sent to your mobile device.
- Once done, you’ll receive your assets and can track the order with the provided tracking option.
Withdrawing Funds
Banxa recently added the feature to convert cryptocurrency back to regular money, although it currently supports only a few currencies like AUD, EURO, and GBP.
Pros of Banxa for Traders
- Rapid deposits
- Multiple payment methods
- Security measures like KYC
- Partnerships with top exchanges and wallets
Cons of Banxa for Traders
- No mobile app
- Limited withdrawal options
- Higher fees for Visa and Mastercard payments
Other Options Besides Banxa
Here are some other payment gateways you might consider:
- Simplex: Supports 50+ fiat currencies and 90+ cryptocurrencies with customizable features.
- Moonpay: Allows crypto and NFT purchases with high user fees.
- Mercuryo: Offers instant transfers across a variety of currencies.
Is Banxa a Good Choice for Trading?
Banxa is a reliable tool for converting regular money to cryptocurrency for trading. It’s especially useful for newcomers eager to start crypto trading and sets the stage for future expansions and partnerships.
FAQ
Is Banxa Safe for My Trading Account?
Yes, Banxa works with top exchanges like Binance and Kucoin, making it a trustworthy choice. Ensure you follow the KYC and 2FA requirements for added safety.
How Fast Can a Broker Process a Banxa Deposit?
Typically, a Banxa deposit takes between five minutes to three hours after completing KYC. Verification might take up to 12 hours, but some users report longer times.
Which Brokers Accept Banxa Payments?
Banxa is becoming increasingly popular among brokers. Some top firms accepting Banxa include OKX and Deriv.com. Check our list for more options.