Brokers who accept American Credit Card for deposits | Forex Factory

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Brokers who accept American Credit Card for deposits

  • #1
  • First Post: Dec 1, 2019 7:17pm Dec 1, 2019 7:17pm
Hello
I want to use my American Credit card for depositing my account.( I am not an American citizen) is there any good broker who accepts American credit card but not An offshore broker. I live in Sudan.

Thank you
  • #2
  • Dec 2, 2019 8:00am Dec 2, 2019 8:00am
I found a couple of offshore forex brokers but they are not strictly regulated besides there are bad reviews about them. Honestly I cannot trust them for above average Forex account.
anyone want to help?
  • #3
  • Dec 3, 2019 1:00am Dec 3, 2019 1:00am
Hi,

You can check out these Forex brokers including Alpari, FXTM, XM.com, Tickmill and FBS.
Hopefully, it can solve your problem.
  • #4
  • Dec 3, 2019 2:51am Dec 3, 2019 2:51am
Dashnewbie,
Did any regulated brokers have issue with you using american credit cards?
The only issue for brokers that I know of are american citizen or residence.
When you open an account in USD and if you send money by bank transfer in USD, it will go via USA.
Since all brokers accept USD base account, that means they also accept transfers via USA.
  • #5
  • Dec 3, 2019 5:00pm Dec 3, 2019 5:00pm
Quoting dextormason
Hi, You can check out these Forex brokers including Alpari, FXTM, XM.com, Tickmill and FBS. Hopefully, it can solve your problem.
I contacted IC markets, Fxpro, Fxopen, Admiral
first 2 refuse American credit cards (even they accept other credit cards!), the other 2 do not use credit cards in deposits.
there so many legit brokers out there that they accept Credit cards for deposits but none I found that can accept American credit card?!!!

Yes. I informed them I am not an American citizen.
I sent an offline message to Xm, Tickmill and Alpari..Hopefully I get positive outcome
  • #6
  • Dec 3, 2019 5:02pm Dec 3, 2019 5:02pm
Quoting reddevil
Dashnewbie, Did any regulated brokers have issue with you using american credit cards? The only issue for brokers that I know of are american citizen or residence. When you open an account in USD and if you send money by bank transfer in USD, it will go via USA. Since all brokers accept USD base account, that means they also accept transfers via USA.
They stated they don’t want to deal with American creditors/ Banks ?!!
I have a high limit in this card and It would be very convenient for me ..especially it’s fees free
  • #7
  • Dec 3, 2019 11:25pm Dec 3, 2019 11:25pm
I can see why now. With credit card, you can complain and there will be a charge back.
i.e. if you lose all your deposit, complain to the credit card company and tell them you deposited money into a high leverage (non SEC approved )broker, they will help you do a charge back and get your money back.

I guess if it is a wire transfer, then it is different. Money is received and it is final.
  • #8
  • Dec 4, 2019 12:54am Dec 4, 2019 12:54am
Another option is to use Paypal as a lot of brokers now accept deposits via Paypal. Is it possible to fund your Paypal account via a credit card? I'm now sure but worth checking out...
  • #9
  • Dec 4, 2019 11:00pm Dec 4, 2019 11:00pm
Quoting ChilledT
Another option is to use Paypal as a lot of brokers now accept deposits via Paypal. Is it possible to fund your Paypal account via a credit card? I'm now sure but worth checking out...
I tried that option and I received a message from broker that they don’t Deal with American PayPal!?
it is frustrating!!
  • #10
  • Last Post: Dec 9, 2019 3:49am Dec 9, 2019 3:49am
Quoting ChilledT
Another option is to use Paypal as a lot of brokers now accept deposits via Paypal. Is it possible to fund your Paypal account via a credit card? I'm now sure but worth checking out...
Yes, you can fund a Paypal account via a credit card.

Quoting Dashnewbie
{quote} I tried that option and I received a message from broker that they don’t Deal with American PayPal!? it is frustrating!!
Wow, that's the first time I heard of something like this...
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