SOFORT
Updated:
The brokers listed below accept SOFORT, an instant European bank-transfer method, for funding a trading account.
Brokers supporting SOFORT
AxiRead review- No specific advantages are documented for Axi.
easyMarketsRead review- No notable advantages identified.
ActivTradesRead review- Wide range of instruments
- Fast platform with strong industry recognition
Markets.comRead review- No specific advantages are documented for this broker.
TeraFXRead review- No specific advantages are documented for TeraFX.
NAGARead review- Regulated broker with copy trading and access to real stocks.
- Copy trading is well executed, and customer support is responsive and reliable.
Swiss MarketsRead review- STP execution with narrow spreads
- Quick, simple account opening and verification
ClickTradesRead review- No differentiating advantages are identified for ClickTrades.
FXFlatRead review- Based in France
- Up to €500,000 guaranteed on deposits
UFXRead review- No specific advantages are documented for UFX.
SOFORT is an online bank-transfer payment method that lets traders deposit funds directly from their own bank account, without a card or e-wallet. It started as a European payment processing service and is offered by some forex brokers as a deposit option.
How SOFORT deposits work
To fund an account with SOFORT, you select it at the broker's cashier and complete the transfer through your own online banking session. Processing is fast, so deposits are usually credited without the multi-day wait typical of a standard bank wire.
Security
SOFORT transactions rely on encryption to protect the transfer, in line with other established online payment methods.
Limitations to check with your broker
- Availability: SOFORT is not offered by every broker and is not available in every country.
- Fees: Some brokers or banks may charge a fee on SOFORT transactions; confirm the cost before depositing.
- Withdrawals: Confirm with your broker whether SOFORT can be used for withdrawals as well as deposits, since support varies.
- Platform compatibility: Not every trading platform integrates SOFORT, so check support before choosing it as your funding method.