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Thread: Brokers with credit card funding.

  1. #1
    lagoona2003 is offline Newbie
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    Default Brokers with credit card funding.

    It's easier to fund my accounts when I have credit card support. I saw a different post before but there was only one broker that was suggested, which was InterbankFX. I do like the fact they have credit card support and I REALLY like the fact they use MT4. Although, their spreads aren't all that amazing. Plus, they require a 5 pip difference from current price on limit orders (Better than NorthFinance's 10 pip difference) I'd have to say Oanda has the best spreads I've seen and definately the best selection. Unfortunately, Oanda doesn't have credit card support and their leverage is only 50:1. Does anyone else know of a broker with credit card support? Preferrably one with MT4?
    Last edited by lagoona2003; 04-19-2007 at 01:37 PM.


  2. #2
    nancypants is offline Newbie
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    FXSol and FXCM has credit card funding as well. I know FXSol treats it as a cash advance, so there is a fee. Not sure about FXCM tho

  3. #3
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    Forex.com also allows for credit card funding with no fees. This is my biggest gripe with Interbank. There is no excuse for fees to be as high as they are to deposit funds via credit cards.

  4. #4
    dpaterso's Avatar
    dpaterso is online now Verified Broker Support for Deltastock FX-Men Honorary Member
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    GCI Trading - GCI Financial Ltd - Online Forex and CFD Trading

    They take credit cards via PayPal.

    It never ever takes longer than one hour (most of the time thirty minutes) for the deposit to reflect in your account and the admin staff are very helpful (they have made funds available in my account within five minutes on one or two occasions when I was facing a margin call and contacted them immediately after making the PayPal deposit).

    More importantly - when you want funds from your account it is almost instantaneous from the time that they receive your faxed instruction. On two occasions they have sent funds to me from my account within an hour (of course it took longer for the funds to get from PayPal to my credit card but that is not GCI's fault - their transfer to me showed up on PayPal within and hour of my request).

    The trading platform is by far the best and most logical of any that I have tried out (of at least eight) i.e. no unecessary bells and whistles, no Java, etc. etc.

    Do not try and trade the news with them by placing stops at strategic positions - the stops will get triggered just before the big rate change - unless you are prepared to put up wider stops and make less profit - then you're OK - and I can tell you that this is not only GCI. It even happens with the non-dealing desk brokers (I know - tried and tested).

    The news feed does not work (and I think this has something to do with my observation above - they do not want you to trade the news in my opinion). No problem there either - (trying) to trade the news has made me more losses than profits thanks to all the 'expert analysis' which is always non-commital anyway.

    Many people have complained about requotes from them. This only happens during news times and with exotic pairs or with commodites such as Gold where the price spikes every couple of seconds. Order execution of (for example EUR/USD, GBP/USD, and USD/JPY is instantaneous).

    And no - I do not work for them - and am not an affiliate (although I should be getting commission for all the praises). Hell - I am down about $8 000.00 now since opening my account but that is my fault - not theirs.

    And I have a live account so I know what I'm talking about.

    Hope this helps.

    Regards,

    Dale.
    Last edited by dpaterso; 04-21-2007 at 04:48 AM.

  5. #5
    Join Date
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    Quote Originally Posted by dpaterso View Post
    GCI Trading - GCI Financial Ltd - Online Forex and CFD Trading

    They take credit cards via PayPal.

    It never ever takes longer than one hour (most of the time thirty minutes) for the deposit to reflect in your account and the admin staff are very helpful (they have made funds available in my account within five minutes on one or two occasions when I was facing a margin call and contacted them immediately after making the PayPal deposit).

    More importantly - when you want funds from your account it is almost instantaneous from the time that they receive your faxed instruction. On two occasions they have sent funds to me from my account within an hour (of course it took longer for the funds to get from PayPal to my credit card but that is not GCI's fault - their transfer to me showed up on PayPal within and hour of my request).

    The trading platform is by far the best and most logical of any that I have tried out (of at least eight) i.e. no unecessary bells and whistles, no Java, etc. etc.

    Do not try and trade the news with them by placing stops at strategic positions - the stops will get triggered just before the big rate change - unless you are prepared to put up wider stops and make less profit - then you're OK - and I can tell you that this is not only GCI. It even happens with the non-dealing desk brokers (I know - tried and tested).

    The news feed does not work (and I think this has something to do with my observation above - they do not want you to trade the news in my opinion). No problem there either - (trying) to trade the news has made me more losses than profits thanks to all the 'expert analysis' which is always non-commital anyway.

    Many people have complained about requotes from them. This only happens during news times and with exotic pairs or with commodites such as Gold where the price spikes every couple of seconds. Order execution of (for example EUR/USD, GBP/USD, and USD/JPY is instantaneous).

    And no - I do not work for them - and am not an affiliate (although I should be getting commission for all the praises). Hell - I am down about $8 000.00 now since opening my account but that is my fault - not theirs.

    And I have a live account so I know what I'm talking about.

    Hope this helps.

    Regards,

    Dale.
    I agree with Dale, I have no problem either with GCI, I have made some lost too (not their fault) but now I have start recover it. The spread is start from 2 pips for eur/usd and usd/jpy, gbp/usd is 3 pips, it's a good spread I think, also I get rebate from my trading $0.3/mini lot. You can have this if you open the account through www.forexion.com their IB.
    I hope this information can help.

  6. #6
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    I also find that at www.tradexindo.com we can deposit using credit card.

  7. #7
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    however, it doesn't provide service to US residents

  8. #8
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    Quote Originally Posted by shangzh View Post
    however, it doesn't provide service to US residents
    I think the tradexindo accept the US clients.
    I hope this information can help

  9. #9
    rwcjunglist is offline Junior Member
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    Oanda dosn't take credit cards? Are you sure? They take paypal so maybe you could fund your paypal account with a credit card first then make a paypal deposit into Oanda.

  10. #10
    Join Date
    May 2007
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    Smile credit card funding

    i dont think fxcm charges for credit card funding..

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