The 29-year-old left Tottenham Hotspur for La Liga side Atletico Madrid in the summer of 2019, and Trippier has been accused of betting on his £21.7m move to the Spanish capital.
The FA said in a statement: "Kieran Trippier has been charged with misconduct in relation to alleged breaches of The FA's Betting Rules, specifically in relation to Rule E8(1)(a)(ii) and Rule E8(1)(b), during the period of July 2019. He has until 18 May 2020 to provide a response.
"Rule E8(1)(a): a participant shall not bet, either directly or indirectly, or instruct, permit, cause or enable any person to bet on - (i) the result, progress, conduct or any other aspect of, or occurrence in or in connection with, a football match or competition; or (ii) any other matter concerning or related to football anywhere in the world, including, for example and without limitation, the transfer of players, employment of managers, team selection or disciplinary matters.
"Rule E8(1)(b): where a participant provides to any other person any information relating to football which the participant has obtained by virtue of his or her position within the game and which is not publicly available at that time, the participant shall be in breach of this Rule where any of that information is used by that other person for, or in relation to, betting."
The Manchester City academy graduate has been given until 18 May to respond and has issued a statement denying such allegations labelled against him, insisting he has never placed any football-related bet during his professional career.
"I have fully complied with the FA's investigation over the past several months on a voluntary basis and will continue to do so," Trippier said.
"I want to make it clear that while a professional footballer, I have at no stage placed any football-related bets or received any financial benefit from others betting."
Trippier could be in line for a lengthy ban if found guilty as that was the case of his compatriot Daniel Sturridge, who was banned for four months earlier this year for similar charges.
