Best Debit Card Forex Brokers Australia 2023

For this list, we have searched and tested several debit card forex brokers.

To select the best debit card forex brokers we opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We then placed real trades in each popular market to get the actual picture.

Also, we tested the work of the customer support team. We contacted them to see how they solved the problems we had faced.

We handpicked the best debit card forex brokers based on our trading data and experience as a trader.

Forex Trading Account with Debit Cards

A debit card is a payment method that can be used instead of cash to make purchases. Debit cards are similar to credit cards in many ways, anyway, in the case of debit cards, at the moment of purchase the money should be present in the account of the cardholder. Debit cards have become so demanded, that in some countries they have mostly, or, at least partly replaced cheques and cash transactions, also becoming widely used for Forex trading purposes too. 

Using a Debit Card while trading on Forex platforms allows you to quickly and conveniently transfer funds in or out of your account, with low transaction fees. One of the benefits of debit cards is that they not only enable you to withdraw and deposit money quickly and efficiently but also can be used in regular shops, ATM, etc. However, most of the brokers limit withdrawals to a certain amount, usually equal to deposited amount of money, or is limited per day or month.

Forex Brokers that offer Debit Cards

Most brokers accept Debit cards as payment methods. There are also a number of reliable brokers that issue their own cards. Generally, the majority of regulated brokers accept Debit Cards. Yet, offshore brokers may not be entitled to use them. This can be because of the lack of regulations and restrictions for transfers applied by the Bank issuer itself. 

Best Forex Brokers with Debit Cards

Debit cards as a transaction method on forex platforms has really made the process very straightforward. Before, the traders depended on bank transfers which made the process considerably slow. Today most of the brokers enable the usage of debit cards. We have tested a great number of forex brokers and chosen several of them taking into consideration their advantages.

Based on our research results, we have picked the following debit card forex brokers:

• XM
• XTB
• Pepperstone
• AvaTrade

Best Overall Forex Broker ATM Debit Card

We have picked XM as the best overall ATM debit card forex broker.

XM is a global Forex and CFD broker founded in 2009. It holds licenses in Australia, the United Kingdom, Cyprus, the UAE and Belize.

XM offers a number of tradable instruments: Forex pairs, indices, stocks, and commodities. Its fees for the main instruments are average. XM offers 5 main account types: XM Micro Account, Standard, XM Zero, XM Ultra-low and Shares. The clients can deposit funds into their trading accounts using debit/credit cards, bank transfers, and e-wallets such as Skrill, and Neteller.

XM processes client withdrawals via the same payment methods available for deposits. This simplifies the process of withdrawal  a lot.  XM also issues its own XM Debit Card which can be used for regular daily usage and eases considerably  the transfer to or from the trading account. XM is also favorable for beginner traders, as its education section is great; the broker runs more than 40 webinars weekly, offers an in-depth high quality video course.

Best Forex Account with Debit Card for Beginners

We have picked XTB as the best debit card forex broker for beginners.

Founded in 2002, XTB is a global Forex and CFD broker. The broker is headquartered in London and Warsaw. It holds licenses in the UK,  Cyprus, Poland, Spain, and Belize. For Forex trades XTB fees are low,  whereas, for stocks, commodities, indices and cryptocurrencies the fees are from average to high. XTB offers 2 main account types: Standard and PRO accounts. The broker’s deposits and withdrawals are free and fast through bank wires, credit and debit cards and e-wallets.

We have chosen XTB as the best debit card forex broker for beginners as it offers a wide variety of educational materials including a demo account webinars, ebooks, video tutorials about the platform, detailed educational articles, educational videos.

Best MT4 Forex Brokers with Visa Debit Card

We have picked Pepperstone as the best MT4 debit card forex broker.

Pepperstone is a Forex and CFD broker founded in 2010 in Australia. The broker holds licenses in Australia, the United Kingdom, Cyprus, Bahamas, the UAE and Kenya.

It offers a number of tradable instruments: forex pairs, indices, stocks, commodities, cryptocurrencies and a currency index. Based on our tests, spreads charged are lower than industry benchmarks. Pepperstone traders can fund their accounts through bank wires, credit and debit cards, also, e-wallets such as PayPal.

Pepperstone does not have a proprietary trading platform. Instead it offers  MT4 and MT5 platforms and the cTrader platform to its clients. Anyway, we have chosen Pepperstone as the best MT4 debit card forex broker, as we found its MT4 platform really great, including all the main tools necessary for favorable trades. 

Best Forex Trading Debit Card Broker with Lowest Spread

We have picked AvaTrade as the best low spread debit card forex broker.

Founded in 2006 AvaTrade is headquartered in Dublin, Ireland. The broker is regulated in several jurisdictions: Ireland, Australia, the UAE, Japan, South Africa, and the British Virgin Islands. AvaTrade offers trading with forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs. The broker’s fees are built into the spreads.

Based on our tests, we have chosen AvaTrade as the best debit card forex broker with the lowest spreads. In fact, the broker’s spreads are really impressive. The spreads for forex, indices and commodities  are below the industry standards. Only Cryptocurrency and stock spreads are slightly higher than the industry average.

Forex Brokers that accept Debit Cards List

Here is a list of debit card forex brokers that we have tested and reviewed.

Forex Broker	Test Details	Broker Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
FBS	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
AvaTrade	Deposit Amount: Over €4,000 Total Trade: 12 trades	AvaTrade Review
Pepperstone	Deposit Amount: Over €4,500 Total Trade: 12 trades	Pepperstone Review
Dukascopy	Deposit Amount: Over €5,000 Total Trade: 12 trades	Dukascopy Review
XTB	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
Admiral Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	Admiral Markets Review
CMC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
AxiTrader	Deposit Amount: Over €6,000 Total Trade: 12 trades	AxiTrader Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
FP Markets	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
IC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
Markets.com	Deposit Amount: Over €4,000 Total Trade: 12 trades	Markets.com Review
Vantage FX	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
ThinkMarkets	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
Amana Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
GO Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	GO Markets Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Tickmill	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Fortrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
ActivTrades	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
RoboMarkets	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets Review
INFINOX	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review

FAQ and More on Forex Brokers with Debit Card

When it comes to debit card forex brokers, there are many questions that traders would like to find their answers to. To be helpful, we picked and answered some of the most essential queries related to debit card forex brokers.

Forex Broker Issue Debit Card

There are so many debit card forex brokers. Anyway, only some of them issue their own debit cards for easy payment transactions. Does this give any advantages to the traders? In fact, the answer is positive. The broker’s debit card enables an almost instant withdrawal of funds. Moreover, they also ensure some extra privacy and the fees for withdrawal are minimum.  Debit card forex brokers allow using them for other everyday purposes as well: their usage is not limited to only forex trading.

We have picked the following debit card forex brokers:

• Dukascopy
• Interactive Brokers (IBKRD Mastercard)
• Admiral Markets

Forex Brokers with Prepaid Mastercard

A Prepaid Mastercard is a payment card that can be loaded with a certain value. It can be used everywhere, where MasterCard is accepted. Every time the cardholders use their Prepaid Mastercard, the transaction value is charged from the account balance. For Prepaid MasterCard no bank account is needed, which also features easy access and management, like in case the card is lost or stolen, it can be blocked immediately. Most brokers offer MasterCard as a prepaid card. Visa features other preferences, so this is the reason brokers use mainly MasterCard.

We have picked the following brokers that offer Prepaid MasterCards:

• ActiveTrades
• Amana Capital
• Dukascopy

Forex Brokers with Debit Card Withdrawals allowed in Australia

There are a number of debit card forex brokers in Australia. For card withdrawals, most of the brokers allow withdrawing by credit cards and exactly the same amount that is deposited by using the same payment method. To withdraw higher amounts, the traders can use alternative methods, such as ebank transfer, e-payment, etc.

We have picked several brokers with debit card Australia that are reliable and offer favorable conditions: 

• Pepperstone 
• eToro
• IG
• IC Markets

US brokers that Allow Debit Cards Forex

In fact, there are a number of forex brokers with debit cards in the United States. For our tests we have checked different US forex brokers based on their offerings, tools and reliability.

Below are listed the best debit card forex brokers US:

• OANDA
• TD Ameritrade
• Forex.com
• IG