Best TransferWise Brokers 2025
Discover the best brokers with TransferWise deposits and withdrawals following our rigorous hands-on tests.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2XM is a well-known forex and CFD broker with over 10 million clients in more than 190 countries. Since 2009, this reliable broker has provided low trading fees on over 1000 instruments. It is highly regulated by bodies such as ASIC and CySEC and offers a complete MetaTrader experience.
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3Fusion Markets, an online broker since 2017, is regulated by the ASIC, VFSC and FSA. Known for its low-cost forex and CFD trading, it offers a variety of accounts and copy trading options for all types of traders. New traders can register and begin trading in three easy steps.
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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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai & TWS API | ✓ | ✗ | |
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✓ | ✓ | $5 | 0.01 Lots | 1:10001:30 | ✓ | ASIC, CySEC, DFSA, IFSC | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral | USD, EUR, GBP, JPY | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:500 | ✓ | ASIC, VFSC, FSA | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✗ | ✗ | |
| 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 TransferWise Brokers 2025 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 TransferWise Brokers 2025.
| 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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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best TransferWise Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $5 | 0.01 Lots | ✓ | ✓ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best TransferWise 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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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:10001:30 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✓ | ✗ | ✗ | ✗ | 1:500 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best TransferWise Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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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 TransferWise 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 TransferWise Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $5 | 0.002 | 0.8 | Variable | |
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✗ | $0 | 0.01 | 0.05 | From 0.04% | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best TransferWise Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| XM |
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| Interactive Brokers |
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| Fusion Markets |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
Cons
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
Why Trade With XM?
With a $5 minimum deposit, advanced charting on MT4 and MT5, a growing range of markets, and a Zero account with spreads from 0.0, XM offers what traders need. They have even won our 'Best MT4/MT5 Broker' award recently.
Pros
- XM's customer support has proven reliable, offering 24/5 service in 25 languages, response times under 2 minutes, and a growing Telegram channel.
- XM offers over 1,000 instruments, giving traders various short-term opportunities, including turbo stocks, fractional shares, and thematic indices.
- XM’s Zero account is ideal for trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, without requotes or rejections.
Cons
- The XM app is user-friendly and offers unique copy trading products, but its technical analysis tools need enhancement for advanced traders.
- XM only uses the MetaTrader platforms for desktop trading, offering no in-house downloadable or web-based solutions with unique features for beginners.
- The XM global entity is generally reliable and well-regulated but is registered with the less robust IFSC regulator. It no longer accepts UK clients, limiting its market reach.
Why Trade With Fusion Markets?
Fusion Markets is a top choice for forex traders seeking competitive prices with near zero spreads, minimal commissions, and new TradingView integration. The company, based and regulated in Australia by the ASIC, is especially suitable for Australian traders.
Pros
- Fusion Markets stands out for its competitive pricing, offering narrow spreads and lower-than-average commissions attractive to active traders.
- Execution speeds averaging 37 milliseconds significantly outpace many competitors, assisting traders in obtaining the best prices in quickly changing markets.
- The Market Buzz and Analyst Views features are useful tools for finding opportunities. They are easily accessible within the client dashboard.
Cons
- Non-Australian traders need to register with global entities that have less regulation, limited safety measures, and no protection against negative balances.
- Fusion Market falls short in providing educational resources compared to competitors like eToro and IG. It offers few guides and live video tutorials for inexperienced traders.
- The broker provides a wide selection of currency pairs, surpassing most competitors. However, their alternative investment options are just average and offer no stock CFDs outside of the US.
Filters
Introduction to Wise for Trading
Wise, formerly known as TransferWise, is a convenient tool for transferring money internationally and managing multiple currencies, making it suitable for depositing funds into online trading accounts. Based in London, the service allows quick and easy currency conversions with just a few clicks.
This guide will walk you through the best brokers that accept Wise for deposits, typical transaction times, potential fees, and how to use Wise with your trading account.
How We Selected the Top Wise Brokers
To identify the best brokers supporting Wise, we followed these steps:
- We reviewed 500 online brokers and excluded those not supporting Wise payments.
- We checked that the remaining brokers allow Wise deposits and withdrawals.
- We ranked them based on over 100 data points from our comprehensive evaluations.
Understanding Wise
Wise is a financial technology company that provides an efficient service for transferring money internationally, including for traders. Established in 2011, Wise aims to offer fair and low-cost international payment solutions. With Wise, traders can deposit funds safely into their trading accounts. It is regulated by well-known authorities like FinCEN in the US and the FCA in the UK. You can hold and exchange over 40 currencies through Wise, which operates in 160 countries worldwide.
How Wise Works
Wise uses a smart system connecting local financial institutions globally to enable seamless payments. Think of it as a network of local hubs; your money is sent to a Wise “hub” in your country, converted into the required currency, and then forwarded locally to your broker, bypassing the need for cross-border transfers.
For instance, if you’re in the US and want to fund a UK trading account, your money goes to the Wise hub in the US, and the UK hub sends the broker the equivalent amount in GBP. Wise earns a small profit from the fees, which are shown upfront. Unlike banks, Wise uses the real market exchange rate without adding extra charges.
Transaction Times
Depositing funds into a trading account through Wise can be nearly immediate, especially if the trade involves a local currency like GBP with a UK bank. However, transactions happen during normal banking hours, and factors like currency conversion and specific bank protocols may cause delays. Some brokers may also conduct additional security checks.
Fees
Transferring money with Wise is generally cost-effective. Here’s what you need to know:
- No fee to hold money in a Wise account.
- A small fee starting from 0.35% for sending money.
- Some minor charges for specific bank wire transfers.
- No fee for transfers in many currencies.
Wise shows all applicable charges before you proceed with a transaction, helping you avoid surprises. Some brokers, like Saxobank, even cover any intermediary fees.
Security
Wise is a trustworthy platform with strong security measures. This includes two-factor authentication, data protection systems, and a global anti-fraud team. Your funds are kept separate from Wise’s business accounts in reputable institutions. Wise operates under rigorous regulations across various countries, ensuring compliance and safety.
Advantages of Using Wise with Brokers
- Transparent fees help traders know costs upfront.
- Access to a Wise bank card for easy ATM withdrawals worldwide.
- A mobile app available in multiple languages for easy transactions.
- Opportunities to invest in funds directly from the Wise account.
Drawbacks of Using Wise with Brokers
- Not as commonly accepted as some other payment methods.
- Requires opening a Wise account before making trades.
- Once a transfer is made, it cannot be reversed through Wise. You must contact the broker for corrections.
How to Deposit with Wise
To get started with Wise, first find a broker that accepts Wise deposits:
1. Sign up for a Wise account on their website or app.
2. Fill out the registration form.
3. Verify your identity with a government ID.
4. Add funds using your preferred method (like credit card or bank transfer).
While payment steps may differ slightly between brokers, they typically involve selecting Wise as the payment method and following given instructions.
Here’s an example process for using Wise with a broker like Fusion Markets:
1. Log into your Wise account.
2. Choose ‘Send Money’ to start a transfer.
3. Enter the deposit amount, like $500.
4. Indicate the payment is personal.
5. Confirm your details.
6. Add your broker’s bank details.
7. Review and confirm payment.
8. Check your brokerage account for funds.
Is Wise Good for Trading?
Wise is a reliable, low-cost option for making trading deposits. It supports multiple international currencies, allowing quick transactions with brokers that accept Wise. For setting up a trading account, registering with one of the top Wise brokers is a great start.
FAQ
Can I Use Wise to Deposit to a Trading Account?
Yes, Wise is secure and easy for depositing funds to trading accounts. You can fund your Wise account using cards, transfers, or mobile payments and send money directly to your broker.
What Are the Top Brokers That Accept Wise Deposits?
Global brokers like Oanda, Saxobank, and Moomoo accept Wise. Check our listings on brokerlistings.com for more options.
Is It Cheap to Deposit to Wise Brokers?
Most Wise brokers don’t charge extra fees, but Wise has minimal transfer fees. Wise uses the actual market exchange rate, so you don’t pay excessive conversion rates.
How Fast Are Deposits Processed to Wise Brokers?
Deposits are typically completed within three business days, and some may be instant if local currencies are used. Remember, transactions are processed during standard banking hours.