Best Forex Brokers That Accept Apple Pay
Best Apple Pay Forex Broker - RoboForex
Top Apple Pay Forex broker for 2024:
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RoboForex - best for experienced traders looking for wide market access
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IC Markets - best for traders seeking an all-inclusive, user-focused trading experience
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FxPro - best for for active traders
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Admiral Markets - best for high level of trustworthiness
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AvaTrade - best for competitive pricing
Forex trading can be made easier and more convenient with Apple Pay, a secure digital payment method. By partnering with reputable brokers, you can access a range of trading tools and platforms while enjoying the simplicity and security of Apple Pay transactions. In this article, the experts at TU will explore the top Forex brokers that support Apple Pay, offering a seamless trading experience for traders worldwide.
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Is Apple Pay safe & secure?
Yes, Apple Pay is designed with advanced security features to safeguard your transactions. It uses device-specific numbers and unique transaction codes, ensuring your card information remains secure.
Best Apple Pay Forex brokers in the world
RoboForex
RoboForex stands out as a reputable brokerage firm in the Forex industry, providing traders with a range of trading tools and platforms. The company is known for its low spreads, high leverage options, and transparent information on financial instruments. RoboForex caters to both novice and experienced traders with its fast and user-friendly platforms, offering a wide range of assets and multiple payment systems for transactions. Traders can access major financial markets with leverage as high as 2000:1 and choose from platforms like MetaTrader 4 and 5, CTrader, and the broker's proprietary R Stocks Trader platform.
The broker has a minimum deposit requirement of $10, supports various payment methods, and offers bonuses to enhance trading strategies. However, traders may experience slower execution speeds above 150 milliseconds on average, which is one of the limitations of the platform.
👍 Pros
• Low minimum deposits.
• Diverse trading options.
• Flexible leverage.
• Regulatory compliance for fund protection.
👎 Cons
• Limited currency pairs on certain account types.
• Lack of cryptocurrency tools on the R StocksTrader platform.
IC Markets
IC Markets is a well-established brokerage firm that provides traders with a variety of trading tools and platforms. It serves both beginners and experienced traders with competitive pricing, low spreads, and an extensive range of assets for trading.
Traders can access popular platforms like MetaTrader 4, MetaTrader 5, cTrader, and TradingView, offering flexibility in trading options. IC Markets also provides a demo account for practice trading and educational resources to help traders enhance their skills.
When it comes to using Apple Pay, IC Markets allows for instant deposits without any deposit fees. The minimum deposit required is $200, and the broker offers negative balance protection to prevent accounts from going into the negative.
👍 Pros
• Regulatory compliance in multiple jurisdictions.
• Competitive pricing.
• Wide range of markets.
• Improved research and educational content.
👎 Cons
• Limited product selection beyond Forex and CFDs.
• Slow live chat support.
• Lack of investor protection for non-EU clients.
FxPro
FxPro is a reputable brokerage firm founded in 2006, with regulation in multiple jurisdictions, including Tier-1 and Tier-2 jurisdictions. The broker offers various pricing options across different account types, including fixed and variable spreads. FxPro is known for its MetaTrader and cTrader platform offerings, available for desktop, web, and mobile trading.
Transparent execution methods are provided, with less than 1% of client orders requoted, and the broker offers algorithmic trading options suitable for active traders.
When using Apple Pay, FxPro allows for instant deposits with no fees. The minimum deposit required is $100, and traders have access to a wide range of account base currencies.
👍 Pros
• Smooth account opening process.
• Excellent customer service.
• Free deposit and withdrawal.
👎 Cons
• Limited to CFDs and Forex trading.
• High trading fees for certain stock CFDs.
• Inactivity fee may apply.
Admiral Markets
Admiral Markets is a well-known brokerage firm that offers a diverse range of trading tools and platforms.They provide advanced features like the StereoTrader dashboard and Supreme indicators, along with premium analytics such as Dow Jones News and Trading Central signals. The broker offers a wide range of tradeable symbols across various asset classes, including CFDs, Forex pairs, and exchange-traded securities.
Admiral Markets is regulated in multiple jurisdictions, ensuring a high level of trustworthiness. However, there are some limitations, such as Admiral AS being the sole liquidity provider for all group companies. When it comes to using Apple Pay, Admiral Markets allows transactions with a minimum deposit of $100 and offers one free withdrawal per month.
👍 Pros
• Advanced trading tools and platforms.
• Extensive selection of tradable symbols.
• Competitive pricing.
👎 Cons
• Sole liquidity provider for all group companies.
• Limitations on maximum contract size.
• Social trading features are not as robust as competitors.
• Mobile app still evolving compared to other brokers.
AvaTrade
AvaTrade is a globally recognized broker that specializes in Forex and CFD trading. The broker offers a user-friendly platform and provides various deposit and withdrawal options without any charges, requiring a minimum deposit of $100. AvaTrade also offers a range of educational resources and research tools, catering to both novice and experienced traders.
While regulated by multiple international entities, AvaTrade's trading portfolio is limited to Forex, CFDs, and cryptocurrencies. Traders may encounter high inactivity fees and average CFD trading fees. When using Apple Pay, AvaTrade allows transactions with a $6.6 CFD fee and offers a spread of 0.5 for S&P 500 CFDs.
👍 Pros
• Wide array of trading instruments.
• Regulated by multiple regulatory bodies.
• User-friendly research tools.
• Free deposit and withdrawal options.
👎 Cons
• Limited product portfolio.
• High inactivity fees.
• Average CFD trading fees.
• Limited advanced features compared to other brokers.
eToro
eToro is a well-known broker that offers a wide variety of trading instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform is distinguished by its social trading feature, enabling users to replicate successful traders and participate in a community-driven investment approach. eToro provides a simple interface and offers educational resources such as the eToro Academy, demo accounts, and trading platform tutorials.
While the broker allows zero-commission stock trading and has a fast account opening process, there are some drawbacks. These include a $5 withdrawal fee and the limitation to only USD accounts, which may result in conversion costs for non-USD deposits. Nevertheless, eToro facilitates Apple Pay transactions with a $5 withdrawal fee and provides access to over 3,000 stocks and ETFs for investment with as little as $10.
👍 Pros
• Social trading feature.
• Zero-commission stock trading.
• User-friendly interface.
• Availability of educational resources.
👎 Cons
• $5 withdrawal fee.
• Limited account currency options.
• Difficulty in contacting customer support.
Interactive Brokers
Interactive Brokers is a prominent brokerage firm that offers a broad spectrum of investment opportunities, covering stocks, options, futures, Forex, cryptocurrencies, bonds, and funds across 150 markets, all accessible from a single integrated account. The platform caters to professional traders and active investors, providing multiple trading platforms such as the Trader Workstation (TWS) and mobile apps for Android and iOS devices. Interactive Brokers is distinguished by its comprehensive research reports, global market access, educational materials available in multiple languages, and free paper trading options for users to familiarize themselves with the platform.
For those using Apple Pay, Interactive Brokers allows transactions with competitive commissions, starting at USD 0 on US-listed stocks and ETFs.
👍 Pros
• Wide range of investment options.
• Advanced trading platforms.
• Extensive research reports.
• Competitive commissions.
👎 Cons
• Complex user interface for new investors.
• Limited customer support options.
• Inactivity fees may apply.
Best Apple Pay Forex brokers comparison
| Broker | Apple Pay Support (YES/NO) | Apple Pay Deposit and Withdrawal Fees (YES/NO) | Minimum Deposit | Other Payment Options | Best For |
|---|---|---|---|---|---|
YES |
NO |
$10 (Pro, ProCent, Prime, and ECN accounts); $100 (R StocksTrader accounts) |
Bank Transfer, Credit/Debit Card, Skrill, Neteller, AdvCash, Perfect Money |
Experienced traders looking for wide market access, premium research tools, and advanced charting platforms |
|
|
YES |
NO |
$200 |
Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller |
Traders seeking an all-inclusive, user-focused trading experience |
|
|
YES |
NO |
$100 |
Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller |
Experienced traders looking for wide market access, premium research tools, and advanced charting platforms |
|
|
YES |
NO |
$100 |
Bank Transfer, Visa/MasterCard, Klarna, Skrill |
Traders seeking an all-inclusive, user-focused trading experience |
|
|
YES |
YES |
$100 |
Credit/Debit Card, Bank Transfer, E-payment (e.g., Skrill, Neteller, PayPal, WebMoney) |
Traders seeking a wide range of instruments and low fees |
|
|
YES |
YES |
$10 |
Bank Transfer, Credit/Debit Card |
Traders will benefit from eToro’s good execution, strong trading platforms, and effective pricing |
|
|
YES |
YES |
$100 |
Bank Transfer, Credit/Debit Card |
Interactive Brokers is best for professionals, active traders, and international trading |
What is Apple Pay?
Apple Pay is a modern digital payment service provided by Apple, enabling users to make purchases conveniently using their iPhone, Apple Watch, iPad, or Mac. Designed with simplicity, security, and privacy in mind, Apple Pay offers a seamless alternative to traditional payment methods like physical cards and cash.
Main features of Apple Pay:
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Ease of use
Setting up and using Apple Pay is straightforward. Users simply add their credit or debit cards to the Wallet app on their device, eliminating the need for physical cards. -
Security
Apple Pay employs advanced security measures, such as device-specific numbers and unique transaction codes, ensuring that sensitive card information remains secure and private. -
Convenience
Apple Pay can be utilized both in physical stores and online, as well as within various apps, streamlining the checkout process with a simple touch or glance. -
Express mode
With Express Mode, users can make quick payments on public transportation without needing to authenticate using Face ID or Touch ID. -
Wide acceptance
Apple Pay enjoys broad acceptance across numerous merchants and platforms, providing users with flexibility and convenience in their payment options. -
Is Apple Pay good for Forex?
👍 Pros
• Quick funding for Forex accounts.
• Low fees associated with transactions.
• Enhanced security measures ensure safe transactions.
👎 Cons
• Availability may vary depending on the Forex broker and region.
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Does Apple Pay work in my country?
Apple Pay is available in numerous countries and regions, including but not limited to Australia, China mainland, Hong Kong, Austria, Brazil, and Argentina. -
What is the Apple Pay transaction minimum?
While Apple Pay itself does not impose a specific transaction minimum, users may need to add a minimum of $10 to their Apple Cash balance for transactions. -
How long is deposit and withdrawal with Apple Pay?
Deposit and withdrawal times with Apple Pay can differ based on the user's bank or card issuer. While funds may be available instantly in some cases, there may be a waiting period with others.
Should I choose Apple Pay Forex brokers?
👍 Pros
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Convenience
Apple Pay provides a convenient and efficient way to make payments. By integrating Apple Pay with your Forex broker, you can swiftly deposit funds into your trading account using just your Apple device, whether it's an iPhone, iPad, or Mac.
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Security
Apple Pay employs advanced security features, such as tokenization and biometric authentication (e.g., Touch ID or Face ID), to safeguard your financial information. When you make a payment using Apple Pay, your actual card details are not transmitted to the merchant, reducing the risk of unauthorized access or fraud. This adds an extra layer of security to your Forex transactions, giving you peace of mind while trading.
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Privacy
Apple Pay prioritizes user privacy by minimizing the collection and sharing of personal data. Transactions made with Apple Pay are pseudonymous, meaning that your identity and purchase history are not readily accessible to third parties. This can be particularly advantageous in the Forex market, where maintaining privacy and confidentiality is crucial for traders.
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Integration with wallet
Apple Pay integrates seamlessly with the Wallet app on iOS devices, providing a centralized hub for managing your payment methods and transactions. This centralized approach simplifies the management of your Forex funding sources, allowing you to monitor your account balance and transaction history with ease.
👎 Cons
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Limited availability
While Apple Pay is gaining popularity, not all Forex brokers support this payment method. Some brokers may offer a more limited selection of payment options, which could restrict your choices when selecting a trading platform.
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Transaction fees
Although Apple Pay itself does not typically impose transaction fees on users, Forex brokers may charge additional fees for deposits made through this payment method. These fees can vary depending on the broker's policies and may impact your overall trading costs
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Withdrawal limitations
While Apple Pay facilitates quick and convenient deposits, withdrawing funds from your Forex account using this payment method may be more limited. Some brokers may only allow withdrawals to be processed through bank transfers or alternative payment methods, which could require additional time and incur additional fees.
How to choose a broker with Apple Pay?
When selecting a broker that supports Apple Pay, it's crucial to consider several key factors to ensure a seamless and secure trading experience.
Regulation
Prioritize brokers regulated by reputable financial authorities like the Financial Conduct Authority (FCA) or the Commodity Futures Trading Commission (CFTC). Regulation helps safeguard your funds and guarantees adherence to strict industry standards.
Reputation
Research brokers' reputations through customer reviews and industry recognition. A positive reputation signifies reliability and quality service provision.
Trading conditions
Assess trading conditions, including fees, spreads, and leverage. Opt for brokers offering competitive fees, tight spreads, and suitable leverage ratios to optimize your trading outcomes.
Platform and tools
Evaluate the broker's trading platform and available tools for technical analysis and market research. A user-friendly interface and robust analytical capabilities can enhance your trading efficiency and effectiveness.
Customer service
Prioritize brokers with responsive and accessible customer service, ideally available 24/7. Accessible support ensures prompt assistance whenever needed, particularly crucial for international traders across different time zones.
Payment methods
Confirm the broker accepts Apple Pay for deposits and withdrawals. If not, explore alternative payment methods that align with your preferences and requirements.
Security
Ensure the broker implements stringent security measures to safeguard your personal and financial information from unauthorized access and cyber threats.
How to pay with Apple Pay?
To utilize Apple Pay for payments, adhere to the following steps:
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Launch the Wallet app on your iPhone, Apple Watch, iPad, or Mac.
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If you have Face ID on your iPhone, double-click the side button; if you have Touch ID, double-click the Home button.
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Choose your default card or select a different card if necessary.
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Hold your device close to the contactless reader until you observe “Done” and a tick mark on the screen.
Our Methodology
Traders Union applies a rigorous methodology to evaluate brokers using over 100 both quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
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Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
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User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
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Trading instruments. Brokers are evaluated on the breadth and depth of assets/markets available to trade.
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Fees and commissions. A comprehensive analysis is done of all trading costs to analyze overall cost to clients.
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Trading platforms. Brokers are assessed based on the variety, quality and features of platforms offered to clients.
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Other factors like brand popularity, customer support, education resources are also evaluated
Conclusion
Keep in mind that the availability of Apple Pay as a payment option may vary based on your location and the broker's specific policies. Additionally, consider other factors such as regulatory compliance, trading fees, and available financial instruments before selecting a broker.
Glossary for novice traders
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1
Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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2
Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
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3
CFD
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
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4
Leverage
Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.
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5
Cryptocurrency
Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
Team that worked on the article
Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His experience is showcased by a prolific body of over 100 articles on Forex, crypto, equity, and personal finance, alongside personalized advisory roles in tax consultation.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).