Payoneer is a secure and highly reputable global payment service that helps users and businesses digitally send and receive money. For traders and investors, the best Payoneer forex brokers should offer an excellent trading experience while keeping fund transfers safe and simple.

In this review, we’ll be showcasing the most crucial and essential features that make the top Payoneer forex brokers better than the rest. Some of the areas that we’ll be looking into include broker fees, trading instruments supported, spreads, and other key aspects. Let’s dive in.

The 8 Best Payoneer Forex Brokers in 2024 List

For your reference, here’s our list of the best Payoneer forex brokers according to our own research.

  1. XTB – Trusted Payoneer Forex Broker with Web Trading
  2. Libertex – Well Regulated Payoneer Forex Broker with Top-rated Platform
  3. Pepperstone – Top Payoneer Forex Broker with Spread Betting
  4. AvaTrade – Leading MT4 Payoneer Broker with Low Fees
  5. IG – Highly Established Payoneer Forex Broker available for US clients
  6. CMC Markets – Best Educational Payoneer Forex Broker With Market Analytics
  7. XM – Trustworthy Payoneer Forex Broker for High Leverage Accounts
  8. BlackBull Markets – Secure Payoneer Forex Broker for CFD Trading

Top Payoneer Forex Brokers Reviewed 

Payoneer can be used to fund many of the best forex brokers through a few methods, but there are other key features that set each broker apart. After going through the sections below, you’ll find out what some of the best Payoneer forex brokers have to offer.

1. XTB – Trusted Payoneer Forex Broker With Web Trading


As one of the frontrunners among European forex and CFD brokers, XTB gives its 495,000 traders access to the largest markets in the world. The broker comes with a fast and smooth proprietary trading platform called xStation which accepts accounts of all sizes.

As a no dealing desk or NDD forex broker, XTB connects its users with major liquidity providers that create a market with low forex spreads and fast trading speeds. The platform is fully transparent and there is no conflict of interest when opening trades since XTB lets its users trade directly with liquidity providers.

Anyone can create an XTB account in just minutes and even try to register for a demo trading account which can be used for risk-free trading for 4 weeks. This paper trading account includes $100,000 virtual equity for traders to get accustomed to the platform.

Forex Pairs 48 pairs
Max Leverage 1:30 leverage for retail clients
Pricing 0% commission
Spread for USD/EUR From 0.1 pips
Trading Platforms Proprietary platform
Minimum Deposit None
Accepts US Clients No

What We Like

  • Free demo trading account offered
  • Access to a large network of liquidity providers
  • Fast trade execution
  • 24/5 customer support
  • Proprietary web and mobile app provided
  • MT4 support

Your capital is at risk. 77% of retail CFD accounts lose money.

3. Libertex – Well Regulated Payoneer Forex Broker with Top-rate Platform

libertex logo

With almost 3 million clients, Libertex is another popular forex broker in Europe that can be funded with a Payoneer account. Since the platform is licensed with the top regulatory commissions in the industry, it’s a highly reputable and established multi-asset broker.

Libertex supports trading in many different platforms including MT4, MetaTrader 5 (MT5), its own web trading platform, and the Libertex trading app. 51 forex pairs are supported by the broker with a maximum of 1:30 leverage. Over 100 trading tools and some of the best forex signals can be accessed in the platform with plugins.

libertex new clients home

Some of the other tradable assets on Libertex are stocks, ETFs, cryptocurrencies, and commodities including gold, oil, and gas. Analytical reports and top market reviews with key trading insights can be found on the research section of the platform. More on Libertex features can be found in the section below.

Forex Pairs 51 pairs
Max Leverage 1:30 leverage for retail clients
Pricing From 0% commission
Spread for USD/EUR From 0.3 pips
Trading Platforms Proprietary, MT4, MT5
Minimum Deposit 100 EUR
Accepts US Clients No

What We Like

  • Over 250 tradable assets available
  • More than 25 years of market operations
  • Available in over 120 countries 
  • Award-winning broker and platform
  • Choose between long-term investing and leveraged trading accounts 

74.91% of retail investor accounts lose money when trading CFDs with this provider.

2. Pepperstone – Top Payoneer Forex Broker With Spread Betting

Pepperstone is a reputable Payoneer forex broker with support for multiple platforms, low spreads, and a high percentage fill rate. The broker’s best known for being a top spread betting broker which allows users to trade with certain tax exemptions in the UK.

A total of over 60 major, minor, and exotic currency pairs are offered on Pepperstone which can be traded with a low commissions account or 0% commissions account. The high leverage broker has an above-average maximum leverage of 1:200 for forex trading. Indices, cryptocurrencies, commodities, stocks, and even currency indices are also supported.

pepperstone home uk

Three main platforms can be used for trading on Pepperstone, namely cTrader, MT4, and MT5. Additionally, Pepperstone clients who have accumulated high volumes of trades can avail of the Active Trader program which gives forex and indices trading discounts and higher priority client support. 

More Pepperstone key account and trading features can be found in our Pepperstone review as well as in the table and list section below.

Forex Pairs Over 60 pairs
Max Leverage 1:200 for retail clients
Pricing 3.5 USD per lot for raw accounts, 0% for standard account
Spread for USD/EUR From 0 pips
Trading Platforms TradingView, cTrader, MT4, MT5
Minimum Deposit 100 USD
Accepts US Clients No

What We Like

  • Over 60 forex pairs offered
  • Top spread betting forex broker
  • Supports MT4, MT5, TradingView, and cTrader
  • Discounts for high-volume and active traders
  • Highly regulated trading platform

74% of retail investor accounts lose money when trading CFDs with this provider.

Best Payoneer Forex Brokers Compared

This section features a table that compares the best Payoneer Forex Brokers.

Forex Brokers Forex Pairs Max Leverage Pricing Spread for EUR/USD  Trading Platforms Minimum Deposit  Accepts US Clients
XTB 48 pairs 1:30 leverage 0% commission From 0.1 pips Proprietary platform None No
Libertex 51 pairs 1:200 leverage From 0% commission From 0.3 pips Proprietary, MT4, MT5 100 EUR No
Pepperstone Over 60 pairs 1:200 for retail clients 3.5 USD per lot for raw accounts, 0% for standard account From 0 pips TradingView, cTrader, MT4, MT5 10 USD No
AvaTrade 55 pairs 1:400 for retail accounts 0% commission 0.9 pips Proprietary App, MT4, MT5, WebTrader 100 USD, EUR No
IG Over 80 pairs 1:200 for retail clients 0% commission for CFD account, variable commission for DMA account From 0.6 pips Proprietary web platform, MT4, L2 dealer, mobile app None Yes
CMC Markets Over 330 pairs 1:30 leverage 0% commission on forex From 0.7 pips Proprietary platform, MT4 None No
XM 57 pairs 1:1000 leverage 0% commission From 1 pip Proprietary mobile app, MT4, MT5 None No
BlackBull Markets 27 pairs 1:500 leverage $6 per lot for ECN Prime account, 0% commission for Standard account From 0.1 pips for ECN Prime account;From 0.8 pips for Standard account TradingView, MT4, MT5, Webtrader None No

What is Payoneer?

payoneer logo

Servicing the global commerce industry, Payoneer is a payments solution that’s designed to help different businesses and professionals to send and accept money quickly and securely. The platform was founded in New York City back in 2005 and now has over 5 million users, 24 global offices, and supports over 35 different languages.

Users from Payoneer’s 190 supported countries can open accounts and start receiving payments from around the world while also being able to withdraw their funds to their local bank accounts. This makes Payoneer a business enabler as contractors, suppliers, and even business expenses can be paid through the platform.

payoneer homepage


Payoneer is a solution for businesses of all sizes. Freelancers can send payment requests to their clients who also have accounts while ecommerce sellers can view all their in-store payments on the app. SMBs and even larger enterprises can use their account balance to pay VAT obligations and even perform mass payouts for expenses.

Benefits of Using a Payoneer Forex Broker

In this section of the review, let’s look through some of the benefits of using a Payoneer forex broker and the value that Payoneer accounts offer.

Ultimate Security and Data Protection

payoneer security

Since Payoneer handles all the digital funds of its clients, the platform makes user security its biggest priority. Customer funds are held in segregated and safeguarded accounts in compliance with the laws for financial institutions. The clients’ funds remain liquid, are not used for loans, and are not affected by the company’s operations.

As a regulated entity from multiple government regulatory bodies, Payoneer is also obligated to protect its users’ funds from money laundering. Money transfers or payments are fully secure and audited as per the legal requirements from global financial regulators.

Low Fees, No Hidden Costs

Payoneer has minimal fees and keeps its costs transparent so that its clients can worry less and do more. Payments between Payoneer account holders is completely free. When sending payment requests to non-Payoneer clients, they have the option to pay via credit cards for a 3% fee or ACH bank debit for 1% (US only).

For withdrawals from Payoneer to local bank accounts of a different currency, up to a 2% transaction fee is given. Withdrawing locally with the same currency will only have a flat transaction fee of 1.50 USD, EUR. or GBP. All other fees are fully shown on the Payoneer website.

Multi-currency Platform

payoneer phone

Aside from being more accessible to sole account holders and businesses, having many different currencies in one platform makes transferring these currencies easier and more cost efficient.

After opening a Payoneer account, users can already hold multiple currencies all inside the app. USD, EUR, CAD, GBP, JPY, AUD, and CNH are all the currencies that can be stored with Payoneer globally. Other supported currencies will vary from time to time and depending on the region of the client.

Access to Digital and Physical Payoneer Mastercard

Funding the best Payoneer forex broker for you is especially easy with the Payoneer Mastercard. The card is supported globally just like any other MasterCard. This means that it can be used to withdraw cash at ATMs as well as make online purchases. A digital version of the card can also be used to make online payments.

Card delivery for the commercial Payoneer Mastercard is free with an annual card fee of 29.95 USD.


Finding the best Payoneer forex broker that will truly match an investor’s strategies, risk management, and other trading needs will require research and possible testing of different platforms. In this review, we’ve only looked into the most important and relevant areas of the best Payoneer forex brokers.


What are the best Payoneer forex brokers?

How do I fund my Payoneer account?