Best Mastercard Brokers 2025
Discover the best brokers with Mastercard deposits and withdrawals following our rigorous hands-on tests.
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1Plus500 is a reputable broker that began operating in the US in 2021. It is accredited by the CFTC and NFA to provide futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. The creation of an account on Plus500 takes only 10 minutes, and you need a minimum of $100 to start trading. Its user-friendly web platform makes it a strong choice for US traders.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.4 Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.8 Introduced in 2020, RedMars, situated in Cyprus, provides competitive spreads across over 300 trading instruments with a leverage of up to 1:500. They offer three account tiers, namely, Standard, Pro, and VIP, catering to different budgets and levels of trading experience. RedMars also features a speedy, entirely digital account creation process. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.7 IQCent is an offshore binary options and CFD broker located in the Marshall Islands. They offer various account types with bonuses like payout boosts, TradeBacks, and free rollovers. With over 175 assets, 24/7 trading, and 98% payouts, the firm attracts new short-term traders. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.6 Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Why Trade With Plus500 US?
Plus500 US is an excellent choice for beginners, offering a user-friendly platform, low trading margins, and access to the Futures Academy to improve trading skills. Its strong tools and reliable service earned it second place in DayTrading.com's 'Best US Broker' award.
Pros
- Plus500 is a respected publicly traded company. It boasts an impressive base of over 24 million traders and sponsors the Chicago Bulls, adding to its credibility.
- Plus500 US stands out due to its affordable fees for trading. It offers competitive margins and does not charge for inactivity, live data, routing, or platform usage.
- The trading app offers an excellent user interface with an updated design, straightforward layout, and charts optimized for mobile use.
Cons
- The private trading platform is easy to use, but doesn't have the advanced analysis tools that platforms like MetaTrader 4 do.
- Despite its competitive pricing, Plus500 US does not offer a discount for high-volume traders, a feature that brokers such as Interactive Brokers provide.
- Plus500 US presently offers about 50 futures for trading, but currently does not provide stocks.
Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- FOREX.com provides a selection of top trading platforms and additional features. These include Trading Central research, a SMART Signals pattern scanner, trading signals, and strategy builders.
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
- The Web Trader remains one of the top platforms for budding traders, boasting a sleek design and more than 80 technical indicators for market analysis.
Cons
- The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
- FOREX.com's MT4 platform provides around 600 instruments for trading, which is considerably less than the 5,500+ options accessible on its other platforms.
- FOREX.com has expanded their trading offerings, but these remain limited to forex and CFDs. Unfortunately, they don't provide options to invest in actual stocks, ETFs, or cryptocurrencies.
Why Trade With RedMars?
RedMars is suitable for expert traders in the EU who are comfortable with the MetaTrader 5 platform, as the broker is approved by the CySEC. However, due to its minimal education and research tools, it is not recommended for beginners.
Pros
- Starting on RedMars is very straightforward. You can be operational in just a few minutes according to tests.
- The broker is among a few firms that provide a special account for VIPs featuring premium support and exclusive event invitations.
- RedMars provides a superior trading platform, MT5, equipped with 21 timeframes, multiple analytical tools, customizable templates, and algorithmic trading.
Cons
- The trading platform is simple, lacking advanced features like Islamic account, PAMM account, or copy trading.
- RedMars provides a constrained trading platform, offering just 300 instruments. This is quite limited compared to top competitors such as BlackBull Markets, which boasts 26,000 assets.
- RedMars is not suitable for new traders. It lacks educational resources, has no user-friendly platform, requires a high minimum deposit, and demonstrated insufficient customer support during testing.
Why Trade With IQCent?
IQCent is ideal for traders who want a simple platform for binary options and CFD trading that has low fees and offers copy trading. It features a variety of accounts and requires less than a minute to get started with a $250 deposit.
Pros
- The broker offers dependable and quick 24/7 customer support, with responses typically issued within a minute.
- New traders with a limited budget can start trading with as little as $0.01.
- Based on evaluations, the fees for trading CFDs are competitively priced. This includes 0.7 pips for major forex pairs like EUR/USD.
Cons
- IQCent imposes a $10 monthly fee if you don't conduct at least one trade per month.
- IQCent lags behind binary brokers such as Quotex, offering a narrow selection of about 175 assets with few stocks.
- The broker is not regulated by a reputable authority, which is typical for binary options companies.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
Cons
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
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Understanding Mastercard for Trading
Mastercard is a popular choice for traders and brokers worldwide. If you have a debit or credit card or even a prepaid card with a Mastercard logo, you can easily add money to your trading account. Plus, you get special benefits like enhanced security and the ability to dispute charges if something goes wrong.
This overview examines things like how quickly you can make deposits and any fees for trading. We also list some of the best brokers you can use with Mastercard deposits.
Choosing the Best Mastercard Brokers
To identify the top brokers that accept Mastercard, we:
- Checked a large database of 500 online brokers to find those that accept Mastercard payments.
- Verified that they allow both deposits and withdrawals using Mastercard.
- Ranked them based on over 100 data points and practical testing.
About Mastercard
Mastercard is a global payment company founded in 1966 in the United States. It has been publicly traded on the New York Stock Exchange since 2006. The company’s headquarters are in New York, and it’s led by CEO Michael Miebach.
Like Visa, Mastercard provides payment services for shopping and banking through various cards. They offer many types of cards, including premium options, which you can manage through their rewards app. Other brands like Maestro and Masterpass are also part of the Mastercard family.
Mastercard recently reported revenue of over $25 billion and has significant operations in cities like London and Dubai. It collaborates with big companies like Amazon and Virgin and also supports charities in Africa through the Mastercard Foundation.
Advantages of Using Mastercard for Trading
Widely Accepted
You can use Mastercard almost anywhere in the world, such as in Europe, Africa, Asia, the UAE, and the Americas. It remains a favorite payment method for many brokers, alongside bank transfers and digital wallets.
Rewards and Offers
Mastercard provides many perks, like rewards and bonus points, which you can earn from spending. Elite cardholders get special discounts and travel insurance through the Priceless scheme. Prepaid gift cards are also an option, but check if your broker accepts them.
Protection Features
Mastercard offers chargeback protection, which means if there’s an issue with what you purchase, you may get a refund. If you’re not sure how this works with your trading broker, it’s a good idea to review the terms first.
Security
Using Mastercard is secure. They employ a system called SecureCode, which adds an extra layer of protection to your online transactions and helps prevent fraud.
Disadvantages of Using Mastercard for Trading
No Direct Issuance
Mastercard doesn’t issue credit cards directly to the public, so you’ll need to get one through your bank.
Potential Fees
There could be fees, like interest rates or currency conversion charges, when using a Mastercard. You might also have to shoulder costs passed on by your broker.
Payment Processing Speed
Mastercard payments are usually processed quickly, but the exact timing can depend on your broker. Some brokers process deposits immediately, while withdrawals might take longer, like 1 business day.
Safety Measures
SecureCode is Mastercard’s system for protecting your payments. It uses a one-time password sent via SMS to verify you’re the account holder. Many trading platforms also have security measures to protect your funds.
How to Deposit with Mastercard
To deposit using Mastercard, follow these steps through your broker’s website, like AvaTrade:
- Log in to your account area.
- Go to the ‘Deposit’ section and select ‘Fund Your Account.’
- Choose the option with the Mastercard logo.
- Select your trading account and enter the amount you wish to deposit.
- Enter your card information.
- Confirm by clicking ‘Deposit.’
You may need to verify your card by showing a photo of your card number and security code, depending on where you live. Remember that some brokers limit withdrawals to the deposited amount.
Fee Information
Fees can vary depending on your card type and are primarily determined by your bank. Brokers might also pass on some fees to you. Check the broker’s website for detailed information about fees or contact their customer service.
Is Mastercard Suitable for Trading?
Mastercard is a secure and efficient way to fund your trading account. With many brokers accepting Mastercard, it remains a popular choice despite available digital wallet options. The main concerns are potential fees and varying processing times with different brokers.
For stock prices, you can check online through relevant stock exchanges.
FAQ
Which Brokers Accept Mastercard Deposits?
Many brokers worldwide accept Mastercard payments, including leading companies like AvaTrade and Pepperstone. For more options, see our list of brokers that accept Mastercard deposits.
How Can I Contact Mastercard If I Have Deposit Issues?
If you’re having trouble with a broker deposit, SecureCode, or need help with a chargeback, the Mastercard customer service line can assist you.
Are Mastercard and Visa Deposits the Same?
Both Mastercard and Visa manage transactions but offer different rewards and security features. Most top brokers allow deposits and withdrawals with both cards.