21 Best American Express Forex Brokers

American Express Forex Brokers trade American Express card, or an “AmEx,” which is an electronic payment card which is branded by the publicly-traded financial services company American Express (AXP). American Express is a publicly-traded financial services company which issues and processes prepaid, charge, and credit cards

Choose your quick section of our best American Express Forex Brokers below.

Our 10 Best Handpicked American Express Forex Brokers Revealed:

American Express cards are available to individuals, small businesses, and corporate consumers in the U.S. and multiple countries across the globe. Here is an overview of the Best American Express Forex Brokers and Trading Platforms.

FXPrimus

FXPrimus is an online broker founded in 2009 offering Forex trading, and Social Trading, and is global broker with a head office in Cyprus. FXPrimus is Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the markets in financial instruments directive (MiFID).

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2009	Not FCA Regulated
Regulated by CySEC, MiFID
Min. deposit from $100

FXPrimus has won numerous industry awards over the 11 years a wide variety of instruments and trading currency pairs. FXPrimus offers over 125 different instruments to trade, including over 43 currency pairs.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Payoneer
Low min deposit	Standard account	Neteller
	ECN account
	Managed account
	Islamic account

Customer Support is available via email, webform, phone and live chat.

Forex.com

Forex.com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 1999	Not ASIC Regulated
Regulated by Financial Conduct Authority
Min. deposit from $50

To open a live trading account, traders will need a minimum deposit of at least $50.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account
Low min deposit	ECN account
	Islamic account

Customer support is available by phone, live chat, or email 24 hours a day during market hours.

Forex Time (FXTM)

FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2011	Not ASIC Regulated
Regulated by CySEC
Min. deposit from $10

FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Payoneer
Low min deposit	Standard account	Neteller
Offers Negative Balance Protection	Zero spread account
	ECN account
	Islamic account

Customer Service is available via phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.

FP Markets

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer. Over 100 instruments and over 60 currency pairs in total are on offer, on the popular MT4 forex trading platform. FP Markets also offers traders mobile apps for Android and iOS.

Pros and Cons

Pros	Cons
Low Forex Fees	High Stock CFD fees
Easy Account Opening	Limited Product Portfolio
Quick Deposit and Withdrawal	Outdated Platform

Trading Benefits

Trading Benefits	Accounts Offered	Funding Methods
Allows scalping	Mini	Bank Transfer
Allows hedging	Standard	Credit/Debit
Offers STP	ECN	Electronic Wallets
Low min deposit	STP
Offers Negative Balance Protection	Managed

All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese. Customer Service is available via email, phone and live chat.

XM Group

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

Pros and Cons

Pros	Cons
Low stock CFD and withdrawal fees	Limited product portfolio
Easy and fast account opening	Average forex and stock index CFD fees
Great educational tools	No investor protection for non-EU clients

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs. Traders must take note that XM does not offer binary options or futures.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Negative Balance Protection	Micro	Wire Transfer
Low Spreads	Standard	Credit/Debit
Low Commission	XM Zero	Neteller
Hedging Allowed		UnionPay
Scalping Allowed		WebMoney
		Qiwi

Customer Service is available via live chat, Phone and email support.

Pepperstone

Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA).

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2010
Min. deposit from $200

Trading platforms on offer include MetaTrader 4, MetaTrader 5 and cTrader. All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	PayPal
Low min deposit	MAM/PAMM account	Skrill
Offers Negative Balance Protection	Islamic account	Payoneer

Pepperstone offers 24/5 multiple language support via email, phone and live chat.

FBS

FBS is a Forex and CFD broker which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC).

Pros and Cons

Pros	Cons
Negative Balance Protection	Limited Tradable assets
Excellent Regulation	Limited Trading Platforms
Available in Multiple Countries
Award Winning Service

FBS offers users the option to trade on Forex, Indices, Stocks, Metals and Energies across the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Copy Trading	Cent	Wire Transfer
Rapid Order Execution	Micro	Credit/Debit
	Standard	Neteller
	Zero Spread	Bitwallet
	ECN	Perfect Money

Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

Interactive Brokers

Interactive Brokers was founded in 1978 and is regulated by multiple financial authorities including the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). Interactive Brokers offers many account types, which fall into two big groups:

accounts for individual traders and investors
accounts for institutions

Pros and Cons

Pros	Cons
Low trading cost	Pro users incur an account maintenance fee if multiple trades are not made
Invest globally in a multitude of products via a single account	Not everyone is eligible to open an IBKR Lite account
No minimum balance required
Tools to bring your trading to the next level

Trading Benefits

Tradable Securities	Accounts Offered	Funding Methods
Stocks	Lite	Bank Transfer
Fractional Shares	Pro
Bonds
Mutual Funds
ETFs
Options

Traders can choose between two different web trading platforms: The Client Portal and WebTrader and IBKR Mobile, Interactive Broker’s mobile trading platform, is available both for iOS and Android. Users can trade on Stock, Forex, Option and Futures – to name but a few. Customer Service is available 24/7 via Live Chat, Phone and Email.

IQ Option

IQ Option is a broker developed under the IQ Option Europe company which was founded in 2013. IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus, with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions. IQ Option offers its clients services in binary options, stocks and shares, currencies, and ETF trading.

Pros and Cons

Pros	Cons
Regulated by the Cyprus Securities and Exchange Commission (CySEC)	Does not provide MT4 and MT5 trading platforms
Easy and convenient method of opening an account	Not available for traders in the US, Canada, Australia, Japan, and other countries
Wide range of trading instruments on offer
No deposit and withdrawal fees

IQ Option provides clients with a proprietary platform which is also used for CFDs and for binary options trading. Traders can also install the mobile trading app which is provided free of charge. The mobile trading app has been designed specifically for use on smartphones and mobile devices and allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.

Trading Benefits

Trading Features	Accounts Offered	Funding Methods
Low min. deposit	Standard	Alipay
Low Spreads	VIP	Credit Card
Regulated by CySEC	Demo	MoneyGram
		Perfect Money
		QIWI
		Skrill
		Wire Transfer

The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with. The selections of currencies are: GBP, RUB, EUR, IDR, USD, MUR, and Yuan. Customer service is available via email, live chat or the telephone.

Trading 212

Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading. Trading 212 are a global broker and has a head office situated in UK. Trading 212 is Regulated by the Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) and is used by over 14,000,000 traders.

Pros and Cons

Pros	Cons
Strict Regulation	No US clients
Segregated Client Funds	Limited leverage for non-professional clients
Financial Services Compensation Scheme	No MT4/MT5
Commission Free Trading
Intuitive trading platform
Low Minimum Deposit

Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US

Trading Benefits

Trading Benefits	Accounts offered	Funding methods
Allows hedging	Invest account	PayPal
Offers STP	ISA account	Skrill
Low min deposit	CFD account	Visa
Guaranteed stop loss	Demo account
Offers Negative Balance Protection

Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.

HotForex

HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2010	Not FCA Regulated
Regulated by CySEC
Min. deposit from $1

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar. The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Micro account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	Neteller
Low min deposit	Zero spread account
Offers Negative Balance Protection	Islamic account

Customer support is available via phone and email.

UFX

UFX is a forex and CFD trading broker which is regulated by CySEC. UFX offers over 484 different instruments to trade, including over 49 currency pairs on the MetaTrader4 (MT4) or proprietary MassInsights platforms.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t allow scalping
Established in 2007	Inactivity Fee
Regulated by CySEC	Not FCA Regulated
Min. deposit from $500

To open a live trading account, traders will need a minimum deposit of at least $500. Traders access to major markets like currencies, indices, commodities and shares.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows hedging	Demo account	Credit cards
Offers STP	Micro account	Bank Transfer
Offers Negative Balance Protection	Mini account	Payoneer
	Standard account	Neteller
	Islamic account	American Express
		Credit cards

Multilingual Customer support is available by email, phone, or live chat.

IC Markets

IC Markets is a regulated Forex ECN and CFD broker which offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader 4, MetaTrader 5 and cTrader platforms for desktop, web and mobile. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as the Seychelles Financial Services Authority (FSA).

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2007	Not FCA Regulated
Regulated by ASIC
Min. deposit from $200

IC Markets offers traders three main types of live trading accounts to choose from, including Raw Islamic swap-free accounts and the use of a free demo trading account.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	PayPal
Low min deposit	Zero spread account	Skrill
	ECN account	Neteller
	Islamic account

Customer support is available 24/7 via Live Chat, Phone and Email.

eToro

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK. eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

Pros and Cons

Pros	Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by Financial Conduct Authority, CySEC, ASIC	Limited range of instruments
Min. deposit from $200

eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert. Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Offers STP	Demo account	Credit cards
Low min deposit	Micro account	Bank Transfer
	Mini account	PayPal
	Standard account	Skrill
	Islamic account	Payoneer
		Neteller

eToro supports a wide range of languages including English, German, Spanish, French, and Italian. 24/6 customer support is available via telephone and support ticket.

IG

IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.

Pros and Cons

Pros	Cons
Used by 178,000+ traders	Inactivity Fee
Established in 1974	Limited range of instruments
Regulated by Financial Conduct Authority and ASIC
Min. deposit from $250

The country of a traders residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs and options. Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Mini account	Bank Transfer
Offers STP	Standard account	PayPal
Low min deposit		Payoneer
Guaranteed stop loss

Customer Service is available 24/7 via Phone, Live Chat and Email.

IronFX

IronFX is the trade name of Notesco Limited which is based in Bermuda, Regulated By ASIC, CySEC, FCA and offers a multi-asset class Forex and CFD trading experience with 7 different account types to trade on over 200 financial instruments which covers Forex, Metals, Indices, Commodities, Futures and Shares on the MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS.

Pros and Cons

Pros	Cons
Segregates client funds	Min. deposit from $500
Established in 2010
Regulated by Financial Conduct Authority, CySEC and ASIC

IronFX offers users the ability to trade on the MetaTrader 4 trading platform for PC, Mac and Web and mobile devices.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Payoneer
Low min deposit	Standard account	Neteller
Offers Negative Balance Protection	Zero spread account
	ECN account
	Islamic account

IronFX provides customer support 24/5 via email, live chat, a telephone support line and an FAQ section.

EasyMarkets

EasyMarkets is one of the most popular choices for Beginners and is regulated by CySEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:

Enhanced risk management tools as standard
Fixed spreads on all forex pairings
An easy-to-use forex trading platform

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t offer VPS
Established in 2003	Limited range of instruments
Regulated by CySEC and ASIC	Not FCA Regulated
Min. deposit from $1

The available trading platforms offered are MT4 and the EasyMarkets web platform.

Trading Benefits

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Low min deposit	Mini account	Payoneer
Guaranteed stop loss	Standard account	Neteller
Offers Negative Balance Protection	Islamic account

Customer Support is available 24/5 via various chat channels, email, phone and web forms.

Oinvest

Oinvest is a CFD broker which offers users the ability to trade on multiple asset classes such as Forex, Stocks, Indices, Commodities and Cryptocurrencies on the MetaTrader 4 trading platform for Windows Desktop and Android and iOS mobile operating systems. Oinvest does claim to be regulated by the Seychelles Financial Services Authority (SFSA) through their company name Aronex Corporation Ltd, yet neither entities are listed as an approved entity on the regulator’s register but they do have a licencing number and certificate.

Pros and Cons

Pros	Cons
Segregated Accounts	Inactivity Fee
No Deposit Fee	Limited Account
No Withdrawal Fee
Demo Account

Clients can choose to trade CFDs on a wide variety of different asset classes including 47 Currencies, 33 Cryptocurrencies, 15 Indices, 17 Commodities, 79 US Stocks, 76 European Stocks and 78 Australian Stocks.

Trading Benefits

Trading Features	Accounts Offered	Funding Types
Automated Trading	Silver	Bank Transfer
Fixed Spreads	Gold	Electronic Payment
	Platinum	Credit/Debit

Customer support is available Monday to Friday from 3am to 2pm GMT via Live Chat, Phone, Email and a Web Contact Form.

OctaFX

OctaFX is an online broker which was founded in 2011, offering Forex trading. As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account. OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

Pros and Cons

Pros	Cons
Used by 300,000+ traders	Doesn’t offer VPS
Established in 2011	Limited range of instruments
Regulated by FSA	Not FCA Regulated
Min. deposit from $5

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.

Trading Benefits

Trading benefits	Accounts Offered	Funding Methods
Allows scalping	Demo account	Credit cards
Allows hedging	Micro account	Bank Transfer
Offers STP	Mini account	Neteller
Low min deposit	Standard account
Guaranteed stop loss	Zero spread account
Negative Balance Protection	STP account
	Islamic account

Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

SpreadEx

SpreadEx is a forex, CFD and spread betting broker which gives Forex traders access to major markets like currencies, indices, commodities and shares. SpreadEx is one of the few Forex Brokers which offers cryptocurrency CFDs, which makes it a smart choice for investors who are interested in cryptocurrencies like Bitcoin. SpreadEX also offers vanilla options to experienced traders.

Pros and Cons

Pros	Cons
Segregates client funds	Doesn’t allow EAs
Established in 1999	Limited range of instruments
Regulated by Financial Conduct Authority	Not ASIC Regulated
Min. deposit from $1

In order to open a live trading account, traders will need a minimum deposit of at least $1. SpreadEx is Regulated by the Financial Conduct Authority, and client funds are kept in segregated bank accounts.

Trading Features

Trading Features	Accounts offered	Funding methods
Allows scalping	Demo account	Credit cards
Allows hedging	Standard account	Bank Transfer
Low min deposit		Skrill
Guaranteed stop loss		Payoneer

Customer Support is made available via live chat, phone and email.

Roboforex

Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. RoboForex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

Pros and Cons

Pros	Cons
Segregates client funds	Limited range of instruments
Established in 2009	Not FCA Regulated
Regulated by IFSC Belize
Min. deposit from $10

When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform. Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs. Roboforex offers over 100 instruments and over 35 currency pairs in total. Roboforex offers traders both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. Roboforex also offer mobile apps for Android and iOS.

Trading Benefits

Trading Benefits	Accounts Offered	Funding Methods
Allows scalping	Micro	Credit cards
Allows hedging	Mini	Bank Transfer
Offers STP	Standard	Payoneer
Low min deposit	Zero	Neteller
	ECN
	STP
	Islamic

Customer support is available via phone, Webchat, WeChat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.

Conclusion

Making use of American Express is one of the safest and easiest methods to fund or make withdrawals from an online trading account.

FAQs

Is AmEx the same as American Express?

Yes. AmEx is simply an abbreviation for American Express.

What perks are available with an American Express Card?

Perks include rewards points, cash back and travel perks.

What makes American Express different to Visa or MasterCard?

American Express is one of the few companies that issue cards and has a network to process card payments.

Who issues American Express Cards?

American Express cards are issued by American Express and processed on the American Express network.

What types of cards does American Express offer?

American Express offers prepaid debit cards and credit cards to their customers.

Does American Express offer a charge card?

Yes. American Express is an industry-leading provider of charge cards.

What does the term Black Card refer to?

The term “Black Card” often refers to American Express’ Centurion card, which is received by invitation only.

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Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

May 25, 2021

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