Trustly

Trustly is an open banking payment provider that lets you pay a merchant by logging into your own online bank through a hosted flow. No card is involved and no card details are shared; the result is an ordinary bank transfer initiated on your instruction, usually with instant confirmation to the merchant.

Why brokers like it

An open banking payment carries the payer's own name and account by construction, which removes the third-party question that complicates e-wallet and pooled-account deposits. Chargebacks do not apply the way they do to cards, so acceptance costs less and brokers rarely restrict it. For the trader, the same property means the deposit is unambiguously yours and clears compliance quickly.

Coverage

Trustly supports thousands of banks across Europe and North America, with the strongest coverage in the Nordics, Germany, the Netherlands, Poland, Spain and the UK. Availability is bank-specific rather than country-wide, so a broker listing Trustly may still not support your particular institution.

Speed, fees and limits

The merchant sees confirmation immediately and credits the trading account at once in most implementations, even though the underlying settlement follows normal banking timelines. Brokers do not usually charge for it. Limits are set by your bank's own transfer limits, which are often higher than card limits — one reason larger deposits use this rail.

Withdrawals

Trustly supports payouts, and brokers that use it for both directions can return funds to the same account without collecting IBAN details separately. Where a broker offers deposits only, withdrawals fall back to a manual bank transfer with the usual verification.

What to check first

Confirm the deposit currency matches your bank account currency; a cross-currency open banking payment converts at your bank's rate, which is rarely competitive. Confirm whether withdrawals return through Trustly or by manual transfer, since the second route adds verification time that ProForexBrokers.com consistently sees underestimated by first-time depositors.