Credit Cards are still the number one payment solution for online shopping and trading. It’s hard to find a Binary Options Broker where you can’t make a deposit and withdraw with your credit card – at least with Visa and Mastercard. When you own one of these credit cards and have funds available you should simply make your deposit this way and you can choose your broker freely.
But just because there are numerous brokers that accept credit cards does not mean that you should deposit with the very next one and start trading. You should still make a broker comparison and pick the right broker properly. Our recommendation for a credit card deposit is Anyoption, one of the largest and most popular brokers. We recommend Anyoption because we made a couple of deposits and withdrawals with them and everything worked smoothly.
Why deposit with credit cards?
The main reason why it makes sense to deposit with credit cards is the following: it’s simple! It’s a fact that most people have a credit card and that a deposit is very easy. You just have to type in your credit card numbers and the amount you want to deposit and you’re ready to go. You don’t have to signup at an eWallet and you don’t have to login to your online banking and make a transfer there. You just need your credit card at hand and you can start trading in no time.
What are the disadvantages of credit cards?
However, there are some disadvantages when you want to make your deposit with credit cards, at least at some brokers. Regulations are strict and that’s why there are brokers that don’t allow larger withdrawals than deposits. Suppose you deposit $500 with your Mastercard and you manage to make $900 out of it. Now you want to cash-out everything because you want to go shopping. In some cases you can only withdraw $500 with your credit card. The other $400 will go to your bank account or you’ll get a check. This is not perfect and you should be aware of it before you make your deposit and try to withdraw your profits.