Binary Options Brokers That Accept Amex

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Binary Options Brokers That Accept American Express

Credit cards offer the simplest way to conduct transactions when trading binary options. Since every online transaction has some form of credit card usage attached with it, it can make more sense for some to just use their card in the first place. The process is pretty simple and similar to all the other online payments that require a credit card to process transactions. Funds can be deposited within a few minutes and withdrawal is also fast, once you get past the verifications done by the broker.

StockPair Review is our recommend broker for those who want to deposit using Amex

Some sites even give out better offers to members who pay through their credit cards. These offers include an added initial deposit bonus or a lowered limit of minimum deposit. Note that as Binary options trading is not exactly betting but very close to it, American Express does sometimes reject deposits at binary options brokers. Nevertheless the following sites accepted our Amex card when we ran test deposits.

Binary.com

This is another binary options broker that accepts American Express cards. New users get a 25% bonus of the total deposited amount on depositing for the first time. The minimum amount to open an account is pretty high and is set at $500. The catch is in the minimum amount that you can bet on, which is set at a mere $10. It is also among the handful of brokers that give traders the facility of unlimited demo account. This can give any new trader sufficient time to understand the market and trade accordingly.

Forex Trading with Amex

American Express, often abbreviated as Amex, is one of the more popular credit card brands out there. Given its wide user base, it is only natural for this payment solution to be supported by the Forex industry. As it happens, there are plenty of platforms more than happy to accept deposits made via Amex, giving you access to one of the largest markets on the planet. Below, we will explore how Amex fits as a payment solution in the online Forex trade and how it can serve you when it comes to balance management.

How to Fund a Forex Account with Amex

Using Amex online is quite simple and if you have ever made a credit card payment before, you will be immediately familiar with the process. Basically, you will need to find the payments page on the broker platform and select the Amex option from the list of supported transaction services. When this is done, you will be asked to enter your credit card information. Additionally, you also have to enter the sum you wish to deposit and confirm the transaction.

Best Forex Brokers for United States

Deposits made via an Amex credit card are processed instantly and you will get to use your money right away. This payment method offers convenient and quick transfers with practically no downtime. Moreover, the website will likely save your credit card information, so any future payments will be much quicker.

How to Withdraw From Forex Account with Amex

When you are done and wish to take out part of your balance you may have the option to withdraw money to your Amex card. This is not much different to making a deposit and you will have to do much of the same. For starters, find the payments page and the subcategory Withdraw. From there, choose the Amex service and enter the amount you wish to take out. As we stated above, the broker should have saved your credit card information, so you can skip putting it in again.

Once you have requested a transfer, the broker will have to review it and issue it. This can take between 1 hour and two business days, usually. Once the payment is sent, it will clear within 1 and 5 business days, depending on your country of residence and your bank. Furthermore, you need to be verified before a withdrawal request can be processed.

Benefits of Using Amex for Forex Trading

When it comes to advantages of using American Express for your Forex trading needs, there are several main ones that you should be aware of. These the primary reasons why you should use this payment service over others. First and foremost, transfers made via Amex are processed instantly. You can start making trades within a minute and there is no wait time, unlike other deposit options. For instance, bank transfers are notoriously slow to clear in comparison to credit cards, taking anywhere between hours and several business days. Amex payments are convenient and consistent, allowing you a lot of flexibility that other solutions do not.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Furthermore, you should also take into account that the entire payment process is simple and easy to understand. The broker has a ready-to-use form that allows you to enter your card information and make a deposit within seconds. You do not need to bother with finding out the other party’s banking details to get your money through and anyone can go do it.

Credit cards are used in everyday life all the time and it may so happen that you already have an Amex in your wallet. As such, you will not have to bother with setting up another payment method just so you can make trades online. Moreover, there is very little management required with a card, unlike some other services.

There are other benefits of using Amex for Forex trading, but these are the main ones that come into play and will have an effect on your experience.

Disadvantages of Using Amex for Forex Trading

It would be disingenuous for us to praise the benefits of Amex without also mentioning the drawbacks of this credit card type. As it happens, there are a few of them that we would like to warn you about before you begin your trades.

The main issue one can have with Amex is that this credit card type is not nearly as popular as Visa or MasterCard. Service providers are not as fond of American Express due to the higher fees and are many are opting to forgo this payment solution entirely. As a result, your range of potential broker websites will be limited when compared with those that support the two other brands. As a result, you will have to contend with what is available or choose to go for a different payment method.

Something else to take into account is that withdrawals are much slower than deposits when using Amex, much like any other credit card. Simply put, you will need to wait a few days before your withdrawal is processed and the money is placed within your bank account balance. There are services out there that are much more efficient and do a better job at this, namely eWallets.

Last but not least, some customers might be apprehensive about submitting their full credit card information online. You cannot circumvent this without bringing in another service to help out with it. Therefore, if this does not suit you, you would do better with a different payment solution.

Fees and Limits When Using Amex to Trade Forex

When it comes to the cost of using Amex, things are not as clear cut as we would like. Amex cards are issued by a variety of different banks, each with its own fee structure. Since these are different with each bank, we cannot provide any concrete information on the matter. Another aspect to consider is that while Amex payments may sometimes be free for you, certain Forex platforms may also charge commissions on transactions. These cannot be avoided and you should look out for them when choosing a broker website.

As for transaction limits, these are also highly subjective, as well. Forex brokers have widely different deposit and withdrawal limits, though they are all flexible. Usually, they can be increased when you achieve a certain standing with a particular platform. On the other side of things, you will only be able to transact as much credit as the bank is willing to provide you. Going over this amount is either not possible or comes with steep charges. These are both issues that you should take up with your broker or bank, depending on the situation.

Amex Chargeback on Forex Account

In the event that you are cheated or otherwise taken advantage of, you will likely have the option to request a chargeback on an Amex payment. While available, this option should be used when all other ways to retrieve your money have been exhausted. Chargebacks are a messy business for all involved. When you wish to issue a chargeback, you will need to contact your bank to make it happen. The bank staff will review the transaction and reach out to the broker, who can dispute your claim. The review process can take a while, with no exact timeline. If your claim is based in reality, you will most likely see your money back.

Usually, it is best to avoid the chargeback route if there are other avenues to get your funds back. If you have deposited by mistake, you should first try to withdraw your money via normal means. Furthermore, if you issue a chargeback against the broker, this could lead to a ban from the platform.

Security When Trading Forex with Amex

Something you should never ignore is the safety of your private and banking information. Credit card fraud is quite lucrative for certain shady individuals and they will have no issue in milking every dime from you, given the opportunity. Luckily, modern-day Forex brokers employ complex security systems to ensure that this does not happen. It is an industry standard to utilize high-end encryption to protect customers’ data from unauthorized parties. This makes any potential theft quite difficult for criminals and keeps your money safe and sound. Of course, no amount of security software will stop fraud if you are not careful with your credit cards. Usually, common sense can bring you a long way.

Conclusion

Overall, American Express comes with many of the characteristics of other credit cards out there. Granted, it is not nearly as supported as Visa or MasterCard, but Amex can still be of use to you. As long as you are willing to look for broker platforms that accept this credit card, you should have no issued in managing your Forex balance.

Binary Options Brokers with Credit Card

Definitely one of the most popular methods to transfer money into your binary options trading account is via the usage of credit card. As a matter of fact many professional traders prefer this type of account funding due to its security, speed and reliability.

Credit cards are probably one of the safest ways thanks to which you can process money electronically and all you have to do is to choose your credit card provider. In addition, the company you have chosen have to have all the legal regulations, stipulations, etc. of the country they are located.

Best Forex Brokers for United States

Recently, some of the biggest credit card payment processors such as Visa, decided it is time to take the security to a whole new level and present a new enhanced security systems guaranteeing the safety of transactions from fraud and identity theft. The good news is many binary options brokers have negotiated different special arrangements with Visa and other credit card processors ensuring they will obtain the best streamlined services possible.

Lots of investors out there are utilizing their credit cards in order to fund their binary options account with initial deposits, most often ranging between 500$ and 1000$. The most popular credit card processors you can use are MasterCard, American Express, Visa. However, there are a couple of more companies that has been gaining popularity in the last couple of years as well.

Since you will be trading with borrowed money, the best thing you can do is to invest using credit card. In such case, it is important for you to know you have to be really careful when it comes to deposits. Remember not to wager more than you can afford losing and you must always strive to lower your expenses rather than increasing the profits.

However, there is one main disadvantage when it comes to the usage of credit cards and it is the significant interest charges. Due to this fact you might experience great difficulty when it comes to acquiring steady profits.

The next thing you will probably be interested in is how to find suitable binary options trader that accepts account funding via credit card. The good news is that actually the majority of binary options brokers are accepting such payments and you will not have any problems finding the one that will meet your needs. Here is a list of some well-known brokers that you might want to try.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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