Forex traders using devices running the iOS operating system may want to consider Apple Pay Forex brokers. Apple Pay offers an integrated solution for profitable traders to withdraw their profits and use them for follow-on transactions. Apple Pay has an estimated 500M+ users, but adoption among traders and brokers is relatively minor.
Our Apple Pay Forex brokers review explains what Apple Pay is and why iOS users should consider it. We also discuss the pros and cons and offer a guide on how to find competitive Apple Pay Forex brokers.
74% of retail CFD accounts lose money
Proprietary eToro Money app for cryptocurrencies available on Apple iOS devices
eToro minimum deposit from $10 (dependent on geographic location)
74% of retail CFD accounts lose money
Deep liquidity & competitive commission-based Forex trading fees from $6.00 per lot
Quality affiliate program, including regional partnerships, & unlimited affiliate earnings
Reasonable commission-free cost structure & fast order execution
Well-balanced asset selection, including cryptocurrencies, ETFs, and options.
Competitive commission-based Forex trading fees & volume-based rebate program
Deep liquidity & excellent order execution with a 99.94% fill rate and no dealing desk
Maximum Forex leverage of up to 1:1000 with negative balance protection
Well-balanced asset selection & competitive commission-free trading fees
- eToro, Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money.
- FP Markets, ECN trading with leverage up to 1:500.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Pepperstone, Great ECN execution on MT4 platform.
- XM, Exception range of assets + negative balance protection.
5.0/5 in this category
74% of retail CFD accounts lose money
Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money
eToro has 30M+ traders and offers 3,000+ instruments across various assets on its user-friendly proprietary web-based trading platform and mobile app. It makes eToro a leader among Apple Pay Forex brokers for copy trading services in particular. ‘CopyTraders’ makes copy trading swift and straightforward, while ‘Smart Portfolios’ offer thematic portfolios actively managed by eToro, geared for long-term investors, and available from a minimum deposit of $500.
Beginner traders will benefit from the highly regarded eToro Academy, featuring well-structured content, and eToro Plus provides market commentary written by analyst Ben Laidler. The eToro Digest & Invest section offers podcasts and videos relevant to financial markets, traders, and investors.
Active investment community ideal for social trading
Dedicated tools for social trading
Broad cryptocurrency selection
Expanding educational offering for beginner traders
4.5/5 in this category
ECN trading with leverage up to 1:500
FP Markets presents traders with a 12-plugin upgrade for MT4/MT5, Autochartist, and Trading Central. It also offers cTrader and the Iress system available in some authorities only. Besides integrated copy trading services in the MT4, MT5, and cTrader trading platforms, FP Markets offers its proprietary copy trading alternative, Myfxbook Autotrade, and fee-based Signal Start.
Traders get instant MT4/MT5 Apple Pay deposits, while Iress deposits take one business day. FP Markets ranks amongst the Apple Pay Forex brokers offering the broadest range of options for deposit currencies, as traders can deposit in the AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD, CZK, PLN, and AED.
Choice of trading platforms and auxiliary trading tools
Very competitive cost structure and excellent asset selection
Low minimum deposit requirement and leverage of up to 1:500
Well-regulated and trustworthy
4.5/5 in this category
Highly regulated, choice of fixed or floating spreads
AvaTrade ranks among the Apple Pay Forex brokers with the best education offering for beginners. Besides quality content published on its website, it also features its spun-out SharpTrader Academy. Trading tools like the Guardian Angel plugin for MT4/MT5 and the fee-based Ava Protect service, an insurance policy against losing trades, ensure first-time traders have a unique edge.
Traders get four proprietary trading platforms, including the user-friendly WebTrader and the mobile app AvaTradeGO, which have integrated Trading Central services. Copy traders can use embedded MT4/MT5 services or consider Ava Social and DupliTrade. An excellent high-paying affiliate partnership program for passive income also exists.
High-quality educational offering via SharpTrader
Excellent choice of trading platforms catering to various trading needs
Broad asset selection and cross-asset diversification opportunities
Well-regulated and trusted broker with oversight from a central bank
4.5/5 in this category
Great ECN execution on MT4 platform
Pepperstone features the most competitive MT4/MT5 trading environment. It provides a 28-plugin upgrade plus Autochartist, supports API trading, and offers VPS hosting for low-latency 24/5 algorithmic trading. Capitalise AI enables algorithmic trading in a code-free environment. The cTrader platform is available as another option. Pepperstone connects social traders to TradingView, where they join 50M+ traders to share and discuss ideas.
The Premium client service grants access to a volume-based rebate program, meaning Pepperstone is one of the leading Apple Pay Forex brokers for high-frequency and high-volume traders. Copy traders can use Myfxbook Autotrade and DupliTrade or embedded MT4, MT5, and cTrader services.
Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
Leverage of up to 1:30 and superb trade execution
4.0/5 in this category
Exception range of assets + negative balance protection
XM upgrades the MT4/MT5 platforms with six plugins, and its three trading account types are available from a minimum deposit of only $5, which includes a micro account. It also offers a $100 no-deposit bonus plus deposit bonuses up to $5,000, while the XM loyalty program rewards active traders. It makes XM one of the leading Apple Pay Forex brokers for beginners and those with smaller portfolios.
Beginners benefit from an excellent research and education portal. The former includes actionable trading ideas, while the latter features interactive content via XM Education Rooms. XM also offers a high-paying affiliate program.
Outstanding trading tools and loyalty program
Low minimum deposit, high leverage, and competitive trading cost
Excellent research and education
Trustworthy and transparent with generous bonuses and incentives
Apple Pay, developed by Apple Inc, is a digital wallet and payment processor operational on all Apple iOS devices. It allows Apple users to make transactions at millions of supported outlets, online and offline, and it supports near-field communication (NFC) for contactless payments. Given how Apple invests in its infrastructure and integration, Apple Pay enjoys a notably higher user adoption rate than Google Pay on Android devices.
Despite the broad-based usage of Apple Pay among Apple users, there are few Apple Pay Forex brokers. Google Pay has significantly lower usage rates among Android users. Still, there are more Google Pay Forex brokers than Apple Pay Forex brokers. Before using Apple Pay to fund brokerage accounts, traders must link their credit/debit cards to Apple Pay. Millennial and GenZ traders, who prefer mobile apps and copy trading, are likely to drive the rise of usage of Apple Pay among active traders, which should result in more Apple Pay Forex brokers.
Before traders can use Apple Pay to deposit with their Apple Pay Forex brokers, they must open and verify their trading accounts. Account verification is mandatory at regulated brokers in compliance with AML/KYC rules set by the governing bodies within different jurisdictions. A copy of their government-issued ID and one proof of residency document issued within the previous three to six months is usually required to satisfy verification requests.
Traders must also have an Apple iOS device and link a credit/debit card to their Apple Pay app.
Verified traders who have linked their credit/debit card to their Apple Pay app can fund their account by following the below steps:
1. Log into the dashboard of your Apple Pay Forex brokers or use the mobile app.
2. Locate the funding page either in the top menu or sidebar.
3. Traders with multiple trading accounts must select the one they wish to fund and choose Apple Pay as their payment processor.
4. Enter the desired deposit amount and confirm the transaction. Apple Pay uses your linked credit/debit card to complete the transaction.
5. With near-instant deposit completion times, traders can start trading Forex with their Apple Pay Forex brokers, usually within seconds.
Apple users often prefer to use Apple services. Apple Pay Forex brokers allow fast and secure payment via Apple Pay and credit/debit cards. Depositing times are instant to near instant, and traders who prefer mobile apps can deposit and trade within seconds. Leveraged traders who face a margin call can also quickly respond to requests for funds to avoid forced position closure, as most Apple users have their Apple devices, including smartwatches, constantly nearby.
Before opening a trading account with Apple Pay Forex brokers, traders should consider the pros and cons.
The pros of Apple Pay Forex brokers are:
- Instant deposits
- Secure transactions
- Integrated transactions for mobile users
- User-friendly interface
The cons of Apple Pay Forex brokers are:
- Few brokers offer Apple Pay
- Brokers that accept Apple Pay only permit deposits.
- Only available on Apple devices
- Data submission to Apple
Apple Pay Forex brokers should offer traders a competitive trading environment like any broker.
Here is a checklist of what Apple Pay Forex brokers should provide:
1. Low trading fees: Trading fees can reveal which strategies Apple Pay Forex brokers actively support and passively discourage, and fees directly impact profitability.
2. Regulation and operational history: A clean regulatory record of 10+ years suggests a well-run broker.
3. Algorithmic trading platforms: Since 80%+ of daily Forex volumes are algorithmic, traders should ensure they get access to MT4, MT5, or cTrader.
4. Deep liquidity and excellent order execution: Deep liquidity for tight spreads and efficient order execution allows traders to transact at displayed prices without constant negative slippage.
5. Asset selection: Apple Pay Forex brokers must offer assets traders want to trade.
Apple Pay Forex brokers offer Apple users fast processing times and secure transactions. The Apple Pay app features a user-friendly interface, but it is only available on Apple devices. It does not support cross-device functionality like other payment apps like Google Pay. Few Forex brokers have integrated Apple Pay, and most only support deposits, negating the benefits of seamless follow-on transactions and withdrawals. Traders must also feel comfortable submitting data to Apple, which most frequent users accept.
Can I buy stock with Apple Pay?
Apple Pay is not an investing or trading app but a payment processor and digital wallet. Investors and traders may use Apple Pay to fund their brokerage account if their broker supports it to buy stocks but cannot purchase assets directly from within the app.
Who accepts Apple Pay?
Apple Pay has many customers spanning multiple industries that integrate its services as a payment processor. Many stores, restaurants, web-based companies, and other service sector companies accept Apple Pay. Some brokers offer Apple Pay, but the adoption could be more significant, and many traders use competing and more established payment processors.
What are the disadvantages of Apple Pay?
Many brokers do not accept Apple Pay, and most who offer it for deposits do not allow it for withdrawals. Security is another issue, as users transmit personal data to Apple with each transaction.
Is Apple Pay safer than PayPal?
Apple Pay and PayPal provide users with an equally secure payment processor. Still, PayPal counts more brokers as clients than Apple Pay.