Best Credit Card or Bank Account for Binary Brokers

Ryan101

I do a bit of binary Trading from time to time, and I currently use my HSBC Advance account Debit card, but I get charged a fee of around 2.75% called a Non-Sterling Transaction Fee both when I deposit at the Broker and Withdraw, I use Banc De Binary, OptionBit and SecuredOptions.

If I used my Credit Card would that be Treated as a Cash Advance (Which I dont want), so would it still be cheaper using my Debit card, and if so are there any other banks cheaper than HSBC for he Non-Sterling Transaction Fee ?.

Many Thanks

grumbler

For deposits see debit cards in Top Travel Spending Cards.
Not sure that it works the same way for withdrawals.

Also, have a look at Revolut, but it's Mastercard prepaid card, not a debit card. Mastercard are known to be awkward with withdrawals to their credit cards. I expect the same from their prepaid card.

bengalknights

This would be treated as cash advance im afraid

grumbler

Halifax Clarity is worth trying that charges neither for conversion nor for cash advances. However, it's Mastercard again and I am not sure about 'gambling' transactions.

Ryan101

I do have the Halifax Clarity Card, the Lloyds Premier Duo Amex / Mastercard, Barclays Cashback and NatWest Black Mastercard, but I am not too keen on it being treated as a cash advance.

grumbler

Not to mention that you'll never get any rewards for cash advances.