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The Best Brokers That Accept Trustly in the UK 2024

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Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Get ready to learn from his wealth of knowledge.

Article was updated: May 13, 2024
Estimated reading time: 8 minutes

Trustly is a Swedish fintech company that has become popular among traders and investors in European countries, including the UK. Among the reasons investors and brokers prefer this payment method is its high level of security measures. Plus, traders do not need to register for Trustly service, thus making it flexible. You simply have to follow simple steps to deposit funds and start trading.

Today, we share the best brokers that accept Trustly UK based on our research findings. Our guide also sheds more insight into what Trustly is, why many UK traders prefer the payment method and more. Ultimately, you should decide whether having a Trustly broker is worth incorporating into your activities.

Best Brokers That Accept Trustly in the UK 2024

  • AvaTradeOverall Best Trading Broker That Accepts Trustly in the UK
  • FXOpen Best Forex Broker That Accepts Trustly
  • eToro Best Stock Broker That Accepts Trustly
  • XMBest Trustly Broker with Low Minimum Deposit
  • Plus500* – Beginner-Friendly Broker That Accepts Trustly

*80% of CFD retail accounts lose money with this provider

In this guide

The Best Brokers That Accept Trustly in the UK 2024

Compare Trading Brokers That Accept Trustly in the UK

We take our research process very seriously in our quest to find and recommend the best Trustly brokers in the UK. In this process, we conduct multiple tests and comparisons. We look into various elements, including security, fees, customer service, demo accounts, and more. Only those that meet our specifications qualify to be selected for the next procedure.

Besides tests and comparisons, we analyse user opinions on Google Play, the App Store, and Trustpilot. We want to remain unbiased in our research process. Therefore, combining the findings from user testimonials with our test results helps us achieve that. See our comparison table below for more of the brokers’ features and make a suitable choice.

Best Trustly Broker

Licence Support Service Software Payment Demo Account

Money Insurance

AvaTrade CBI, CySec, ASIC, BVIFSC, FSA, SAFCSA, ADGM, ISA 24/5 MetaTrader 4, MetaTrader 5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.ai Credit card, Debit card, Wire transfer, Paypal, Skrill, NETELLER, WebMoney Yes Yes (up to $1,000,000)
FXOpen FCA, CySec, ASIC 24/5 MetaTrader 4, MetaTrader 5, TickTrader, WebTrader Bank Wire Transfer, Credit cards, WebMoney, FasaPay, crypto Yes Yes (up to £85,000)
eToro ASIC, CySec, FCA, FSAS 24/5 eToro investing platform, Multi-asset platform, Copy Trader Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking Yes Yes (up to $250,000)
XM CySec, ASIC, FSC, DFSA 24/5 MetaTrader 4, MetaTrader 5 Credit card, Debit card, Neteller, Skrill, UnionPay, WebMoney, Bank Wire Yes Yes (up to €20,000)
Plus500 FCA, CySEC, ASIC, MAS, FSA 24/7 Plus500 Webtrader Bank Wire Transfer, Credit/debit cards, Paypal, Skrill Yes Yes (up to £85,000)

Brief Overview of Our Recommended Trustly Brokers’ Fees and Assets

Traders must choose Trustly brokers they can afford to avoid spending more than they can afford to lose. It is also crucial to trade with one featuring your preferred instruments to maximise your experience and potential for success. Below, we share tables highlighting the fees and assets offered by our recommended Trustly brokers in the UK.

Fees

Best Trustly Broker

Fees Minimum Deposit Requirement Transaction

Inactivity

AvaTrade 0.03 pips £100 Free £50 quarterly
FXOpen From 0.0 pips £10 Withdrawal fees apply from 0.5% £10 monthly
eToro From 2 pips £100 £5 withdrawal £10 monthly
XM From 0.6 pips £5 Free $15 one-off maintenance fee
Plus500 From 0.0 pips £100 Free £10 monthly

Assets

Best Trustly Broker

Forex Stocks Commodities ETFs

Options

AvaTrade Yes Yes Yes Yes Yes
FXOpen Yes Yes Yes Yes No
eToro Yes Yes Yes Yes No
XM Yes Yes Yes No No
Plus500 (CFDs) Yes Yes Yes Yes Yes

Our Opinion & Overview of the Best Trustly Brokers UK

Our opinion regarding our choice of the best Trustly broker is based on our extensive research on various brokers. We spent hundreds of hours testing as many brokers as possible and reviewing user testimonies from Google Play, the App Store, and Trustpilot. So, you shouldn’t worry about whether we have your back, as our recommendations are unbiased.

A good broker should be interactive, affordable, and have good regulations. In our brief broker reviews below, we will show you which broker is best for what. Keep reading to select the broker that will favor your trading option.

1. AvaTrade - Overall Best Trading Broker That Accepts Trustly in the UK

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We tested and compared hundreds of Trustly UK brokers. However, we found AvaTrade the overall best in this category because of seamless transactions. All deposits using Trustly are free of charge, allowing you to quickly dive into your activities. Moreover, AvaTrade supports additional payment methods like PayPal, Neteller, Skrill, credit/debit cards, bank transfers, and more. This, combined with its low minimum deposit requirement of £100, allows traders to easily explore the financial space and maximise their potential.

Besides efficient transactions, AvaTrade features a social trading platform. With it, you can easily socialise with fellow traders and learn a few trading tips and tricks. It also allows you to follow the most professional traders and copy their potentially profitable trades if need be. And when it comes to advanced resources, AvaTrade is known to host some of the best. You will find them on its MT4 and MT5 platforms. From our analysis, we give the broker a 5-star rating.

AvaTrade Review
TradingGuides Rating:
✔ One of the most popular brokers in the UK/EU
✔ Quick deposits and withdrawals
Pros & Cons
Fees
Assets
Pros
  • Low minimum deposit requirement
  • Free Trustly deposits and withdrawals
  • Features social and copy trading
  • A user-friendly and intuitive design platform
Cons
  • Limited asset offerings compared to its peers
  • Charges high inactivity fee of £50 quarterly

Type Fee
Minimum Deposit £100
Inactivity Fee USD Account: $50
EUR Account: €50
GBP Account: £50
Administration Fee USD Account: $100
EUR Account: €100
GBP Account: £100
Deposit Fee $0
Withdrawal Fee $0

AvaTrade impresses with a robust portfolio of over 1250 assets, encompassing a wide range of trading instruments.

Forex – AvaTrade facilitates trading in a broad spectrum of currency pairs, enabling exposure to the dynamic forex market and diverse CFD options.

Stocks and Commodities – The platform offers a comprehensive selection of stocks and commodities, allowing users to invest in companies and raw materials across global markets.

Cryptocurrencies – AvaTrade supports trading in cryptocurrencies, providing access to a multitude of digital assets, including popular ones like Bitcoin, Ethereum, and more.

ETFs, Bonds, Treasuries, and Indices – AvaTrade’s offerings extend to ETFs, bonds, treasuries, and indices, offering diversification opportunities and exposure to various sectors and industries.

2. FXOpen - Best Forex Broker That Accepts Trustly

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If you are looking for a reliable forex broker that accepts Trustly, FXOpen is a viable choice. While testing it, we had a seamless account opening procedure and deposits using Trustly. We also transacted using other methods, including FasaPay, Volet, online banking, and more. Trustly is user-friendly on both desktop and mobile devices. Its demo account has also proven resourceful, and we highly recommend it to newbies trying to explore the currency market.

To get started with this broker, a minimum deposit of £10 is required on its STP account. The best element about FXOpen is that its leverage limit goes up to 1:1000. There are also the MT4, MT5, and TradingView platforms, known to host quality resources for strategy and skills development. You will explore over 50 forex markets and additional securities, including stocks, commodities, indices, and more, for portfolio diversification. Comparing FXOpen to other brokers, we give it a 4.0-star rating.

FXOpen Review 2024
TradingGuides Rating:
✔ Tight spreads & low commissions
✔ Intuitive trading interface
Pros & Cons
Fees
Assets
Pros
  • Low minimum deposit requirement
  • Trading accounts for every trader including Micro, STP, and ECN accounts
  • MT4 and MT5 platforms
  • High leverage limit for professional traders
Cons
  • Limited to forex and CFD assets only
  • Withdrawal fees apply

Type Fee
Minimum Deposit from $10 (or the equivalent in another currency)
Deposit Fee Depends on deposit method
Withdrawal Fee Depends on withdrawal method
Inactivity Fee $10 per month for accounts that have been dormant for 6 months

FXOpen provides trading instruments on several markets, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & CFDs.

3. eToro - Best Stock Broker That Accept Trustly

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Trading with eToro gave us one of the best experiences, particularly when it comes to stock trading. We explored over 4960 shares, including global options like Tesla, Microsoft, and more. The best element about eToro is that stock trading is commission-free, and you only get to worry about spreads. Plus, the broker hosts additional asset classes like forex, commodities, cryptocurrencies, and more. This makes it easier for you to diversify your portfolio and limit the risk of losing money on a single asset.

When it comes to Trustly transactions, eToro does not impose deposit fees. However, you will incur withdrawal charges of £5. We were also impressed by the additional payment methods eToro supports. These include the Skrill deposit method, PayPal, Neteller, credit/debit cards, and more. With extra features like social trading and an Investor Program, we believe eToro can accommodate all types of traders. We therefore give it a 5-star rating.

eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
{etoroCFDrisk}% of retail CFD accounts lose money
Pros & Cons
Fees
Assets
Pros
  • Beginner-friendly CopyTrader platform
  • Low minimum deposit requirement of £100 for UK clients
  • Impeccable mobile device functionality
  • Offers a £100,000 virtually funded demo account suitable for newbies
Cons
  • Withdrawal charges apply
  • No third-party platforms like the MT4

Types Fee
Minimum Deposit $100
Conversion Fee depends on your payment method, currency, and eToro Club level.
Overnight Fee vary according to the value and direction (BUY or SELL) of your position
Withdrawal Fee all withdrawal requests are subject to a $5 USD fee
Inactivity Fee monthly inactivity fee of $10 USD (charged after 12 months)

  • Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
  • Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
  • Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
  • Long-Term Investments – unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
  • Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.

4. XM - Best Trustly Broker with Low Minimum Deposit

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XM has a low minimum deposit requirement of £5, thus making it easier for any trader to get started with financial instrument investments. From our experience with the broker, we can say that it is a suitable choice for low-budget traders. This is because XM also charges low trading fees, with spreads from 0.6 pips. Moreover, Trustly transactions are free, and you have other options to use, including PayPal, credit/debit cards, bank transfers, and more.

XM hosts over 1,000 CFD assets, including forex, shares, commodities, indices, and more. For beginners, the broker hosts a virtually-funded demo account that we find suitable for you to get started with. Professional traders will also enjoy advanced trading tools on the broker’s MT4 and MT5 platforms. We also like XM’s responsive and reliable support service. We were responded to promptly via phone, email, and live chat, thus leaving us impressed and satisfied. These and more led us to award the broker a 4.1-star rating.

XM Review 2024
TradingGuides Rating:
✔ Great for beginners
✔ A truly global company
Pros & Cons
Fees
Accounts
Pros
  • Supports multiple payment methods besides Trustly
  • Quality learning and research materials
  • Low spreads from 0.0 pips
  • Excellent support service team via phone, email, and live chat
Cons
  • Limited asset collection compared to its peers
  • No proprietary platform

Type Fee
Minimum deposit 5$
Overnight fee 0$
Deposit fee 0$
Withdrawal fee 0$
Inactivity fee $15 one-off maintenance fee

Type Micro Account Standard Account XM Ultra Low Account Shares Account
Minimum deposit 5$ 5$ 5$ 10.000$
Commission No No No Yes
Spread on all majors As Low as 1 Pip As Low as 1 Pip As Low as 0.6 Pips As per the underlying exchange
Leverage Up to 1:1000 Up to 1:1000 Up to 1:1000 No

5. Plus500 - Beginner-Friendly Broker That Accepts Trustly

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Although our recommended brokers above are beginner-friendly, we found Plus500 the best in this category. This is because we had a seamless trading experience that never required any guidance. The broker hosts a demo account that is virtually funded, which newbies can take advantage of to explore the financial space risk free. And when it comes to learning resources, Plus500 has an adequate collection to ensure you boost your skill level accordingly.

Plus500 has a low minimum deposit requirement of £100. Transactions via Trustly and other methods it supports are free of charge. For this reason, we also find Plus500 amongst the best bank wire transfer brokers. Simply put, beginners have numerous options for transactions with Plus500. They can also rely on its trading app, which is among the most highly rated on Google Play, the App Store, and Trustpilot. Comparing the broker to others, we give it a 4.8-star rating.

Plus500 Review
TradingGuides Rating:
✔ Educational materials
✔ Regulated in many countries
Pros & Cons
Fees
Assets
Pros
  • Low minimum deposit requirement
  • A user-friendly and intuitive design platform
  • Highly rated trading app
  • Adequate learning tools for newbies, including articles, guides, and more
Cons
  • Offers only forex, spread betting, and CFD assets
  • Its inactivity fee kicks in after only three months

Type Fee
Overnight Funding yes
Currency Conversion Fee 0.7%
Guaranteed Stop Order spread applies
Inactivity Fee $10 per month
Withdrawls/Deposits  $0

Plus500 provides access to 2800+ CFDs across a wide range of different asset classes, including: Indices – Country and Sector, Forex, Commodities, Individual shares, ETFs, Options

Note: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is Trustly?

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Established in 2008, Trustly is a fintech company that specialises in online banking payments. It allows customers to shop and pay for various goods and services online directly from their bank account. You do not need an app or card to transact with Trustly. You also do not need to register for an account or incur any usage fees, making it a reliable and secure payment option.

Trustly’s services are overseen by the Swedish Financial Supervisory Authority. Currently, the provider serves over 12,000 global financial institutions. Besides being secure, Trustly facilitates instant transactions. It remains amongst the most preferred payment options by UK traders.

Why Do Traders Choose Trustly?

As mentioned above, Trustly is a secure and efficient payment method for online transactions. It is loved by many customers, including traders, for various reasons. These include:

Trustly facilitates speedy transactions, including instant deposits and withdrawals. This feature makes it easier for traders to deposit funds with their brokers and dive straight into managing their activities. You do not need to wait for long periods, thus missing out on potentially profitable opportunities.

Another reason traders love Trustly is its ability to facilitate global transactions. You see, this merchant integrates with banks to send money across the globe. For this reason, traders can travel to any destination with ease, knowing that they will still continue transacting without incurring a lot of fees.

There are no hidden charges with Trustly. What they share on their page is what you will incur when transacting. The best part is that most brokers also do not charge deposit or withdrawal fees on Trustly transactions. This allows you to easily plan your activities and budget. It is an excellent option for low-budget traders or newbies who are not willing to invest a lot of money in the financial landscape yet.

From our experience, Trustly has a reliable and responsive support team. This means all your concerns and questions will be promptly addressed if need be. As a trader, this is a plus, as you can easily dive back into your activities without risking missing out on better, potentially profitable opportunities.

Trustly supports multiple currencies, including GBP, EUR, and more. Although the supported currencies are limited compared to other payment providers, you will unlikely incur a currency conversion fee. For instance, UK traders will easily make deposits and withdrawals using GBP without paying currency conversion fees.

How to Choose the Right Trustly Trading Broker

Trading using a Trustly broker can be profitable. This is especially if you choose one with features aligning with your trading requirements. Fortunately, we list above some of the top options that guarantee a maximum experience. However, should you decide to overlook our options, here are elements to consider while researching for a UK broker that accepts Trustly.

Your safety in online trading should be a priority. Therefore, choose a Trustly broker that is licensed and regulated by tier-one authorities. In the UK, ensure the broker is overseen by the Financial Conduct Authority (FCA). This is because there are numerous fraudulent brokers in the region. Therefore, confirming this element will ensure you do not fall into the hands of scammers. Besides, it is easy to take legal action against FCA-regulated brokers and claim your funds deposited to them.

The best Trustly broker in the UK must be affordable and align with your budget. Besides confirming transaction charges for the Trustly payment method, check the broker’s minimum deposit requirement, spreads, commissions, and more. It is essential to have a budget to avoid digging deep into your nest egg and risk losing more than you are comfortable with.

The broker you settle with must have a user-friendly and intuitive design platform suitable for your skill level. Plus, confirm the availability of learning and research materials. It is essential to have all the necessary tools that will help with market analysis while boosting your skill level. For beginners, choose a Trustly broker with a demo account. This is the best platform to get started with as it is risk-free, thus allowing you to test the broker’s performance and gauge your skill level without spending real money.

The best broker for Trustly transactions must feature the assets you are familiar with for an exciting experience. Whether you want to trade forex, spread betting, or CFD instruments, ensure the broker supports your preferences. We also advise you to consider one with numerous asset classes. This makes it easier for you to diversify your portfolio and limit the risks that come with investing in a single asset.

A broker’s support service team must be responsive and offer relevant solutions to any raised questions or concerns. Therefore, contact a broker’s customer support and gauge their reliability in terms of responsiveness and how they handle your requests. Plus, confirm availability since you will find some with 24/5 and others with 24/7 support. Settle for the one that aligns with your trading schedule and can be contacted via multiple channels, including phone, email, and live chat.

It is crucial to base your choices on your own experience. Also, factor in what other users say to fully understand a broker’s strengths and weaknesses. Therefore, visit Google Play, the App Store, and Trustpilot to analyse user ratings and comments. Get enough insights for the best decisions that guarantee an exciting and worthwhile trading experience.

Pros & Cons of Trading with Trustly

pros and cons of using trustly

Trustly’s popularity has grown tremendously in the UK, and many traders choose it for their transactions. Before you commit to Trustly, understand that, like any other payment method, it has its pros and cons. These include:

Pros
  • Trustly is a cost-effective payment method, and many brokers do not charge transaction charges
  • Supports open banking service, making it easier for you to transact without needing an app or card
  • No account registration, allowing any trader to make deposits and withdrawals
  • Regulated by the FCA in the UK, thus guaranteeing secure transactions
  • Instant deposits and fast withdrawals
Cons
  • Limited coverage outside Europe
  • Supports limited currencies compared to other payment methods like PayPal

FAQs

What do I need to use Trustly?

Trustly is safe and transactions are instant. It is also used globally, so if you are a trader on the move, it is worth considering.

How long do Trustly withdrawals take?

Trustly withdrawals are instant. However, bank processing can take up to two days depending on the bank’s merchant.

Is Trustly safe?

Absolutely. Trustly is a safe payment method that is highly regulated in Sweden by the Swedish Financial Supervisory Authority and in the UK by the FCA. It operates under stringent rules, ensuring users’ data remains protected.

What are the fees for using Trustly?

Transacting with Trustly is free of charge.

Is Trustly available in the UK?

Yes. Trustly is available for UK clients, and many traders use it to make deposits and withdrawals with their brokers. To effectively transact, ensure you have a bank account in your name with funds in your local currency. Also, use a suitable Trustly broker like the ones we reference above for an exciting experience.

Conclusion

Trustly offers reliable payment solutions for online trading and investment. If you are a beginner looking to trade with Trustly, we recommend the best brokers above to ensure you get started on a good note. The best element about our featured brokers is that you are guaranteed quality trading resources. Plus, the brokers support other payment methods, including credit/debit cards, bank transfers, PayPal, and more. This makes it easier for you to transact even when Trustly is not available for unavoidable reasons.

How we test?

Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.

The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

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80% of retail CFD accounts lose money