deposit withdrawalThanks to technology, we now have various ways for payment.Gone are the days when cash transactions were done on the counters of the bank. We now have global and local ways through which people can get and send payments easily. Through this article you will be getting knowledge about the various payment methods in USA and UK along with the popular payment means as well. Through the invention of online payment, the difficulties of payment have been bridged with the Forex brokers.

Traders of the Forex world utilize different means for payment; like credit and debit card or e-wallet etc.E-commerce payment is a type of online payment which is done for online transactions only. The Forex and CFDs trading brokers who wish to stay active in the market, must be aware of the benefits that online payments methods. This will make the process of payments easy and efficient for them.

Forex – Debit And Credit Card Payment

Debit card allows the owner to make the payment directly from his bank account. It is also known as bank card. Debit card is a great method for payment which is utilized by Forex traders a lot. Maestro is the most famous debit card in Europe.

If You Want To Read More About Using Credit Card, Read This Article.

Credit cards are taken through the bank only and a date is fixed when all the payments are made via the bank account. With the help of credit cards, one can also take out cash from the ATM. The most famous credit cards are Visa, MasterCard and American Express etc. these cards do not need any introduction as they are quite famous. Even though various payment methods have been introduced, credit cards restrain its popularity even now. This is basically because people have been using them since years and are content with it as well. Talking about the Forex industry, card type payment is preferred the most, whether it is a debit or credit card!

Online payment methods have gained fame as they are easy and quick. This popularity is seen a lot in Europe as the other countries do not have a lot of online payment methods accessible. In countries like France, Spain, Germany and Italy etc., people still rely on credit cards the most.

  • France: 57% debit or credit card, 20% PayPal
  • Spain: 37% debit or credit card, 18% cash
  • Germany: 46% bank wire and 26% other
  • Italy: 73% debit or credit card, 18% PayPal

Bank Wire Transfer

Wire Transfer is a great online payment method which transfers money from one bank to another. Some Forex traders use this method now. But this method is still the slowest and a bit problematic in the Forex industry. It also comes with a transfer fee. It is usually seen that brokers do not charge fee but some of them demand for it. It can take a couple of days till the request is accepted and the money reaches the other bank.

For utilizing this method, a lot of data is required. For instance, bank name, account number and much more. Depending on the business and the amount of money that has to be transferred, bank charges fee from the one who intends to wire the money to another bank. For outgoing transfer, fee is $25 and for coming transfer, it is $13.


E-Wallet – Fast And Easy

For people who prefer online payment methods, E-Wallet is another facility. It is the easiest and fastest method. It is as simple as making an account online and filling it up with money. Later on, it can be utilized for making payment at stores and online. This method is quite famous in USA and Europe as everyone does not rely on the card methods anymore. You are going get various companies which offer you the facility of E-Wallet.

E-Wallet has gained fame because it is easy and secure. It uses amazing security system and latest technology. To begin with this method, you will need to look for a good online payment provider. You need to sign in in order to have this facility. Your account is created within seconds and once you have logged in you get rid of the hustle of entering your credit card details again and again. This is what makes it easy and quick. The payment provider has no fixed amount of fee but it is as low as $10 and not above it. It depends on the provider.

The most famous E-wallet providers are: Neteller and PayPal etc.


This is the most famous and most used method in Forex world. The traders can easily manage their payments through PayPal. It started from 1998 and is one of the best online payment methods. There are any ways through which you can perform payments with PayPal, like account or credit cards etc. it is now accessible in 190 countries and in 24 different currencies. Due to the utilization of Buyer Protection, it is one of the most secure methods.


This is also known as one of the best online payment provider.It offers it facility with Neteller MasterCard and offers quick and easy payment plus withdrawal. There is no fess for money transfer. For MasterCard you would be required to pay 4EUR and for currency conversion, a fee of 2.95% is demanded.


Forex & CFDs Trading

Forex have emerged as a new type of online investment over the few years. You must be aware of the risks that are available through online business before you enter the world of Forex. This is the major reason why Forex brokers look for security in all matters. For this industry, e-wallet is the most popular method of online payment. This is because it is simple and quite fast in its processing. E-Wallet is used the most amongst traders worldwide.

Withdrawal In Forex

Withdrawals are the topic that everyone loves as they can get their money home. A lot of Forex brokers do not charge fees for withdrawals whereas some do. The fee ranges from brokers to brokers amongst the range of $0-$30. This fee is taken so that the brokers can take out their expenses from it. Some brokers are going to offer a free withdrawal per month-the types keep ranging.

Preferred Online Payment Methods In USA And Europe

Looking back, people in USA usually used credits cards but thanks to advancements, things have changed. Credits cards are no more on the top and e-wallet and PayPal have taken their places. In a research lately, it was concluded that 79% people use PayPal in USA. As for Europe, it is a completely diverse market than USA. They still use the card method more than PayPal.

Forex Payment Methods


UK stands as the most advanced economy in terms of online payments. People usually use credit and debit cards. PayPal is the third consideration for them for making payments. In UK there are almost 23 million PayPal accounts. Other methods have not gained a lot of popularity but these three stay at the top.

If You Are From UK – See How to Get FREE Demo Account Here


People in Germany prefer brank transfer. 35% people use credit cards only and the remaining stick to bank transfers. E-wallets are also utilized but they have not gained much popularity. They prefer direct bank transfer and hardly 10% Germans use credit cards.


People in France use debit and credit card the most. 57% people utilize Carte Bleue which is a debit card that allows online transactions.


Spain prefers debit and credit cards the most. 97% people in Spain use this method for online payments. Other minor alternatives include PayPal.


Italy prefers PayPal and card method both. 18% is found using PayPal whereas majority uses credit and debit cards.


Russia people use different methods for payment. From Yandex to credit cards and other ways; they utilize all means for online payments.


In Denmark people use credit cards the most. In Finland and Sweden, 35% people still use bank wire even when it is the slowest payment mode.

Benelux Countries

Some people use credit cards in Benelux countries and other use iDEAL payment method. However, credit cards and bank wire remain the most used online payment methods.

1. About Payment Methods – PayPal

2. Wikipedia: Payment

3. About Neteller

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