Best PayNow Brokers 2026
Discover the best brokers with PayNow deposits and withdrawals following our rigorous hands-on tests.
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1Established 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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2Plus500, founded in 2008 and based in Israel, is a leading brokerage with more than 25 million registered traders across 50+ countries. The company specializes in CFD trading, provides a user-friendly platform and mobile app, and offers competitive spreads. It does not impose commission, deposit, or withdrawal fees. Plus500 holds the trust of its traders by being licensed by well-known regulators such as FCA, ASIC, and CySEC.
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3Saxo Markets is a renowned trading brokerage, investment firm and bank. It offers over 72,000 trading instruments, investment products, and managed portfolios, ensuring ample opportunities for clients. It operates under the regulation of more than ten agencies including FINMA, FCA & ASIC, thus providing the best protection. The firm is well-known for its transparent pricing.
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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✓ | ✓ | $100 | 0.01 Lots | 1:50 | ✗ | NFA, CFTC | Forex, Stock CFDs, Futures, Futures OptionsForex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
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✓ | ✓ | $100 | Variable | ✓ | ✗ | FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | WebTrader, App | USD, EUR, GBP, AUD, ZAR, CZK | ✗ | ✓ | ✓ | |
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✓ | ✓ | ✗ | Vary by asset | 1:30 | ✗ | DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | TradingView, ProRealTime | USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF | ✗ | ✗ | ✗ | |
| 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 PayNow Brokers 2026 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✗ | |
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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 PayNow Brokers 2026.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
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iOS, Android & Windows | ✗ | ||
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SaxoTraderGo (iOS, Android, Windows) | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best PayNow Brokers 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | Variable | ✗ | ✗ | ||
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✓ | ✗ | Vary by asset | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best PayNow Brokers 2026 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 | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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✗ | ✗ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:30 | ✗ | ✓ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best PayNow Brokers 2026.
| 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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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 4%, GBP: 3.9%, EUR: 2.6% | ✓ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| 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 PayNow Brokers 2026 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 PayNow Brokers 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $15 | 0.14 | 1.2 | BTC 1.4%, ETH 2% | |
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✗ | $10 | Dynamic | Dynamic | Variable | |
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✗ | ✗ | 0.10% (subject to min commission) | 0.2 (varies by region) | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best PayNow Brokers [year] are in terms of number of clients.
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 has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
- 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.
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
Cons
- 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.
- Demo accounts have a limited time duration of 90 days, which may not be sufficient for thoroughly testing trading strategies.
- US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
Why Trade With Plus500?
Plus500 provides a streamlined experience for traders through a modern and dynamic CFD trading platform. However, its research tools are limited, it charges higher fees compared to some brokers, and its educational resources can be improved.
Pros
- The customer support team reliably offers 24/7 assistance through email, live chat, and WhatsApp.
- The broker provides low-commission trading across various markets, reducing extra fees and attracting experienced traders.
- Plus500 offers a WebTrader platform specifically made for CFD trading. It presents a neat and straightforward interface.
Cons
- Compared to competitors like IG, Plus500's research and analysis tools are somewhat limited.
- Without social trading, users cannot mimic the trading actions of experienced traders.
- The absence of MetaTrader or cTrader charting tools in Plus500 might deter experienced traders who value familiarity.
Why Trade With Saxo?
Saxo is ideal for frequent traders and large-scale investors due to its extraordinary range of tools, high-quality market research, and fee discounts. Moreover, its offering of 190 currency pairs with narrow spreads makes it suitable for forex traders.
Pros
- High-quality learning materials like podcasts, webinars, and expert videos are available for traders.
- You can use thorough analysis tools like TradingView and Updata for trading.
- The ISA account is easily available and adaptable, without any charges for initiating or concluding transactions.
Cons
- The trading accounts require substantial funding.
- Do not accept clients from certain regions, specifically the US and Belgium, for trading activities.
- To view Level 2 pricing, a subscription is necessary.
Filters
Understanding PayNow for Trading
PayNow is a simple and secure online payment system, especially popular among traders in Singapore. It’s used by major brokers who trade in things like stocks, foreign currencies, and commodities. This guide will explain how PayNow works for funding trading accounts, including information on setup, costs, transfer limits, and common questions you might have. We also share some top brokers that accept PayNow.
Choosing the Best PayNow Brokers
To find the best brokers that accept PayNow, we:
– Checked 500 online platforms to see which ones use PayNow.
– Made sure they handle both deposits and withdrawals.
– Ranked them based on over 100 data points and detailed tests.
What is PayNow?
PayNow started in 2017 and is like Google Pay for people in Singapore, allowing safe payments to and from major banks. It’s super easy to use with free mobile apps from supporting banks. You can pay using QR codes for local transfers or send money internationally, even to brokers.
To use PayNow, residents in Singapore can set up an account with their National Registration Identity Card (NRIC) or provide other verification for a Virtual Payment Address (VPA).
Supported Banks & Areas
While mainly for people in Singapore, PayNow doesn’t work for those in countries like Korea, Thailand, India, and Indonesia. There are different services named PayNow in Zimbabwe, Zambia, and for Stripe, but these are separate. In Singapore, PayNow works with 15 major banks and 3 other financial institutions. You can connect accounts from banks like Maybank, OCBC, POSB, UOB, DBS, Citibank, and HSBC.
Fees & Limits
When you use PayNow to make deposits, you won’t get charged a fee, which is better than options like Skrill or Neteller. However, trading platforms might have their own charges. The maximum transfer per transaction is $200,000. Additional limits depend on your bank or trading platform.
Speed
PayNow is fast for traders, offering quick logins and transactions. Most deposits are instant, though brokers might take longer for withdrawals due to verification processes.
Security
To protect your account, PayNow uses your Singapore NRIC number and follows strict security measures. This system keeps your sensitive information safe, only showing your VPA to businesses. You can get SMS and email alerts for payments, helping you track and prevent unauthorized access.
How to Use PayNow
Making deposits or withdrawals with PayNow is straightforward. Many big brands, like Plus500 and Oanda, accept it. Here’s how to get started:
Setup
First, have a bank account at one of the 15 major banks in Singapore. Banks like DBS offer easy guides online to help you. To enable PayNow, log in to your bank account via a website or mobile app and follow the steps to link your mobile number or NRIC. After verification, you can choose a nickname for payments. Then, link your trading accounts to PayNow.
Depositing with PayNow
To make a deposit with a broker like City Index, go to your trading account’s deposit section. Click on PayNow, which will open a secure payment page. Enter your bank details linked to PayNow and complete the transaction, which should be quick. You’ll get email or SMS confirmation of your payment.
Benefits of Using PayNow
Using PayNow for trading has advantages:
– Secure: Strong safety protocols ensure secure transactions.
– High Transaction Limit: Up to $200,000 per transaction, higher than many alternatives.
– Easy Registration: Simple setup with basic contact and ID verification.
– Bank Support in Singapore: Works smoothly with 15 banks.
– Versatile Use: Suitable for online shopping and in-person payments using QR codes.
– Quick: Fast transfers allow you to make the most of trading opportunities.
– No Fees: Deposits and withdrawals usually have no fees.
Drawbacks of Using PayNow
There are some downsides to consider:
– Limited to Singapore: Mainly available to residents in Singapore.
– Currency Limitation: Only works with Singapore dollars; conversion fees may apply.
– Limited Acceptance: Not as widely accepted as PayPal or Skrill; check PayNow’s website for eligible countries and merchants.
Customer Support
If PayNow doesn’t work, contact your bank for help. Banks with PayNow usually have 24/7 support via phone, chat, or email.
Is PayNow Good for Trading?
For traders in Singapore, PayNow is a fantastic option. It integrates with local banks, protects your information, and often has no fees, making it easy to set up and use for trading.
FAQ
Does PayNow Have an App for Trading?
There isn’t a PayNow app, but you can use mobile apps from supported banks for deposits and withdrawals.
Is There a PayNow Deposit Limit?
PayNow itself supports transactions up to $200,000, but brokers might have different limits.
How Does PayNow Work for Trading?
PayNow works with major Singapore banks to make deposits and withdrawals easy and secure for traders in the region.