Payments

Moving money without surprises

How common payment options compare on fees, speed and currencies, and whether each one works with a broker.

Wise

Multi-currency account and international transfers

Wise's Acceptable Use Policy lists platforms for trading FX, CFDs and options as unsupported. Check the policy for your country before sending anything connected to trading.

Fees: Shown before you send. Often from about 0.4% to 0.6%, varying by currency and route.
Speed: Many transfers arrive within 1 to 2 business days; some are same-day.
Currencies: Hold 40+ currencies and send to 160+ countries.
With brokers: Not for funding a broker. Use Wise for everyday international money, such as moving your own funds between your own accounts.

Pros

Clear, upfront fees
Close to the mid-market exchange rate
Useful for everyday cross-border money

Cons

Not suitable for broker deposits or withdrawals
Accounts can be closed for breaching its policy
Less useful for rarer currencies

Visit Wise

RedotPay

Crypto-funded payment card and wallet

Fees: Reported at about 1% crypto conversion and 1.2% foreign exchange, with higher ATM and card top-up fees. Check the current schedule.
Speed: Crypto top-ups depend on the network, often minutes. Card spending is immediate.
Currencies: Holds USDT, USDC, BTC and ETH. Settles mainly in USD and HKD.
With brokers: A card deposit only works if your broker accepts that card in your country. Crypto withdrawals need a broker that supports the same coin and network.

Pros

Available in many countries
Spend crypto balances by card
Quick to top up

Cons

Fees stack up across conversions
Crypto prices move while you hold them
Not a bank account, so protections differ

Visit RedotPay

Skrill

E-wallet

Fees: Varies by method and country. Expect fees on some top-ups, withdrawals and currency conversion.
Speed: Wallet transfers are usually fast. Withdrawals to a bank can take several business days.
Currencies: Multiple currencies; the list depends on your country.
With brokers: Commonly accepted by brokers, though not in every country. Brokers often return withdrawals to the method you deposited with.

Pros

Widely accepted by brokers
Keeps broker payments away from your bank card
Quick deposits

Cons

Conversion fees can be high
Some countries are excluded
Some brokers restrict e-wallets for certain clients

Visit Skrill

Neteller

E-wallet

Fees: Varies by method and country. Expect fees on some top-ups, withdrawals and currency conversion.
Speed: Wallet transfers are usually fast. Withdrawals to a bank can take several business days.
Currencies: Multiple currencies; the list depends on your country.
With brokers: Commonly accepted by brokers, though not in every country. Brokers often return withdrawals to the method you deposited with.

Pros

Widely accepted by brokers
Separate from your main bank account
Quick deposits

Cons

Conversion fees can be high
Some countries are excluded
Fee schedule takes some reading

Visit Neteller

Before you send money

Check your broker’s own list of funding methods before you open any payment account.
Send a small test amount first, and confirm a withdrawal works before you add more.
Expect to verify your identity. Use accounts in your own name, as brokers usually reject third-party payments.
Add up the whole route: deposit fee, conversion fee, withdrawal fee and your bank’s charges.
Be wary of anyone offering to move broker funds for you through their personal account.