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Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Best Rapid Transfer Forex Brokers

Rapid Transfer is the instant deposit solution offered by Skrill using online banking and no registration. It is primarily used across the EU and the UK, as few Rapid Transfer Forex brokers exist. We explain what Rapid Transfer is and how to use it, cover the pros and cons, and provide a quick guide on selecting Rapid Transfer Forex brokers with a competitive trading environment.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Good order execution & reasonable commission-free trading fees
Well-balanced asset selection, including cryptocurrencies, options, and ETFs.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Excellent infrastructure featuring a 99.94% fill rate and no dealing desk intervention.
Competitive commission-based trading costs & volume-based rebate program
74% of retail CFD accounts lose money
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Commission-free ETF and long-only equity investments for buy-and-hold investors.
Comprehensive cryptocurrency trading solution, including proprietary crypto wallet.

  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • Pepperstone, Great ECN execution on MT4 platform.
  • eToro, Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money.

Best Rapid Transfer Brokers Comparison

Year Established
Execution Type(s)
Market MakerNo Dealing Desk, NDDMarket Maker
Minimum Deposit
$50 - $10,000
Average Trading Cost EUR/USD
0.9 pips1.1 pips1.0 pips
Average Trading Cost GBP/USD
1.5 pips1.6 pips2.2 pips
Average Trading Cost Gold
$0.29 $0.20 $0.45
Trading Platform(s)
Other, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5, cTrader, Trading ViewProprietary platform
Islamic Account
Negative Balance Protection


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade shines with its educational approach for beginners. Besides quality content on its website, the Ava Academy is a leading educational provider with almost two dozen online trading courses, 150 lessons, and 50 quizzes. Therefore, AvaTrade is one of the best choices for beginner traders among Rapid Transfer Forex brokers. It expands its beginner-friendly tools via the MT4/MT5 Guardian Angel plugin and the fee-based Ava Protect service, an insurance policy against losses.

The proprietary WebTrader and mobile app AvaTradeGO come with integrated Trading Central services. Ava Options is a dedicated options trading platform, and Ava Social is a copy trading alternative.

Read more on AvaTrade »
4.7/5 in this category

Pros & Cons

  • 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
  • Trading costs competitive but nothing special


In Summary Great ECN execution on MT4 platform

Pepperstone places among the Rapid Transfer Forex brokers with the most competitive MT4/MT5 trading environment. It offers a 28-plugin update plus Autochartist, VPS hosting for low-latency 24/5 Forex trading supportive of algorithmic traders, and API trading for advanced algorithmic trading solutions. Pepperstone also provides traders with Capitalise AI, allowing algorithmic trading in a code-free environment. Traders may also use cTrader, while copy traders can diversify via Myfxbook Autotrade and DupliTrade, besides the embedded MT4, MT5, and cTrader services.

Social traders can connect to TradingView, where 50M+ traders share and discuss trades, while beginners benefit from quality education and research.

Read more on Pepperstone »
4.5/5 in this category

Pros & Cons

  • 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
  • Demo accounts have 30-day time limits


In Summary Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money

eToro offers 3,000+ assets, including ETFs and cryptocurrencies, in a commission-free pricing environment on its proprietary and user-friendly web-based trading platform and mobile app. With 30M+ traders, eToro ranks among the leading Rapid Transfer Forex brokers for copy traders. Besides its CopyTrader system and a chat function, eToro presents Smart Portfolios, which are thematic long-term investment products managed in-house by eToro portfolio managers and analysts. Smart Portfolios have a minimum investment of $500.

The eToro Academy offers beginners a well-structured educational product, including written content and videos. eToro Plus and Digest & Invest provide in-depth analytics and market commentary.

Read more on eToro »
4.2/5 in this category
Get Started
74% of retail CFD accounts lose money

Pros & Cons

  • Active investment community ideal for social trading
  • Dedicated tools for social trading
  • Broad cryptocurrency selection
  • Expanding educational offering for beginner traders
  • Internal withdrawal fees

What is Rapid Transfer?

Rapid Transfer is a Skrill service allowing users to make instant payments using their online banking credentials. Over 170 banks support Rapid Transfer, including Deutsche Bank, Barclays, and Lloyds, and many brands have integrated it into their payment gateways. It does not require a sign-up or registration. Skrill users have the added benefit of depositing instantly into their Skrill wallet and using funds to transact where Rapid Transfer is unavailable.

Similar to some competing payment providers, only a few Rapid Transfer Forex brokers exist, as it is more of an e-commerce solution. Unlike competitors like Google Pay, Apply Pay, or Klarna, Rapid Transfer Forex brokers allow withdrawals via Rapid Transfer, which sends funds into user bank accounts.

Rapid Transfer users can also earn Knect points, the Skrill loyalty program. They can redeem Knect points for rewards, cash vouchers, and other bonuses. It is an appealing program to shoppers and traders alike, as they can earn more cash by using Rapid Transfer.

Rapid Transfer is available in the following countries and currencies:

Austria (EUR)
Belgium (EUR)
Denmark (DKK)
Estonia (EUR)
Finland (EUR)
France (EUR)
Germany (EUR)
Italy (EUR)
Ireland (EUR)
Latvia (EUR)
Lithuania (EUR)
Netherlands (EUR)
Poland (PLN)
Portugal (EUR)
Spain (EUR)

How Does Trading with Rapid Transfer Work?

Rapid Transfer Forex brokers allow traders to make deposits without downloading, installing, or registering for a service. Skrill offers the service in 16 countries in various currencies. Traders will use their online banking details to deposit. Still, the transaction is instant rather than the usual two to seven business days for bank transactions. The processing speed makes Rapid Transfer an excellent choice for traders requiring swift access to their deposits, particularly if they want to take advantage of a trading opportunity or meet a margin call.

Before traders can deposit with their Rapid Transfer Forex brokers, they must verify their Forex trading account. Account verification is mandatory at regulated Forex brokers, in compliance with global AML/KYC rules, which regulators enforce. Most traders will satisfy account verification by uploading a copy of their government-issued ID and one proof of residency document issued within three to six months.

Verified clients can fund their Forex trading account via Rapid Transfer by following the below steps:

1. Access the secure dashboard of your Rapid Transfer Forex brokers with your login details.

2. Navigate to the funding tab. Most Rapid Transfer Forex brokers have it in the top menu bar or the sidebar.

3. Choose Rapid Transfer as your payment processor (select your trading account if you have more than one).

4. Enter the desired deposit amount and your online banking details. Confirm the transaction, and you should see an instant to near-instant deposit in your trading account (please note that it may take a few days for your bank to clear the transaction).

Why Use Rapid Transfer as Your Deposit/Withdrawal Method?

Rapid Transfer Forex brokers provide a hassle-free transaction process that does not require traders to download, install, or register for a third-party service. Unlike competitors like Google Pay, Apple Pay, or Klarna, Forex brokers often allow Rapid Transfer for withdrawals rather than just deposits.

Another notable benefit is the transaction time, as Rapid Transfer features instant deposits despite using online banking, which can take two to seven business days.

Pros & Cons of Using Rapid Transfer When Trading

Rapid Transfer Forex brokers have pros and cons, and traders should consider them before settling on Rapid Transfer as their primary payment processor.

Here are the pros of Rapid Transfer Forex brokers:

  • No download/installation of third-party apps
  • No registration
  • Instant deposits
  • Secure transactions
  • User-friendly process

Here are the cons of Rapid Transfer Forex brokers:

  • Only available in 16 countries
  • Few brokers offer Rapid Transfer
  • Up to 1.00% deposit fees and a 3.99% currency conversion fee plus Unfavourable Skrill exchange rates

How to Pick a Decent Broker Offering Rapid Transfer

Rapid Transfer Forex brokers must satisfy the same conditions as any other broker to ensure a competitive trading environment.

Here is a checklist of what competitive Rapid Transfer Forex brokers should offer:

1. Low trading fees: Trading fees directly impact profitability and reveal which strategies Rapid Transfer Forex brokers actively support and passively discourage. Major currency pairs should cost at most $8.00 per 1.0 standard round lot (also evaluate swap rates).

2. Regulation and operational history: A business-friendly regulatory environment where Forex brokers have a clean record exceeding ten years confirms trust and security.

3. Algorithmic trading platforms: MT4, MT5, cTrader, or alternative algorithmic trading platform is paramount as 80%+ of daily Forex volumes are algorithmic.

4. Deep liquidity pools and excellent order execution: Tight spreads with transactions at the desired price (or better if price improvement technology exists) require both.

5. Asset selection: Rapid Transfer Forex brokers should list the assets you want to trade if you are going to open an account with them.

Bottom Line

Rapid Transfer Forex brokers offer secure, instant deposits using online banking without the need to install apps or register for services. Therefore, Forex traders can use Rapid Transfer to add funds immediately to take advantage of a time-sensitive trade or to meet a margin call.

You might also be interested in reviewing the below top brokers:


How does Rapid Transfer work?


Rapid Transfer does not require downloads or registrations. Users must select Rapid Transfer as their payment processor, enter their online banking details, and instantly pay for their goods, services, or deposits.

How much does Rapid Transfer cost?


Rapid Transfer transactions have a maximum fee of 1.00% per transaction. A 3.99% currency conversion fee applies where necessary.

Is Rapid Transfer safe?


Rapid Transfer is a safe payment processor, relying on the security of its 170 partner banks and their respective online banking ecosystem.

Christopher Lewis
About Christopher Lewis

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.