Binary Options Brokers that Accept EPS (E-Payment Standard)
Binary Options Brokers that Accept EPS (E-Payment Standard)November 20, 2013
If you are a binary options or Forex trader residing in Austria and would like to deposit and fund your real money trading account, you should know that EPS (E-Payment Standard) is a great local payment method.
Previously known as Netpay, EPS is an Austrian online payment solution that operates much the same was as other similar “near-instant” payment methods. Similar to iDEAL, EPS is basically a network of major Austrian banks that are connected in order to provide better services. Bank accounts must be approved before using the EPS system, however once this authorization is given, depositing is extremely functional and user-friendly. Transferring funds to your trading account is done immediately with no waiting time.
Advantages of Using EPS
Once the account has been approved, you are in fact a member of one of the most secure banking networks in Europe, or for that matter in the world. Transferring funds is amazingly simple and lightning fast.
The most obvious disadvantage is the fact that if you don’t have an active EPS account you would have to open one, and that takes time. Additionally, not many brokers accept this payment method. In fact, most brokers such as Ubinary or globaltrader365 will usually accept most forms of credit cards such as Visa. Mastercardd, or Amex as well as Wire Transfers.
To date, the only broker accepting EPS is Anyoption, and it is one of our most recommended brokers. If you are looking for a broker with German-speaking support accepting Euro deposits, you will find the Tradologic-Powered Optimarkets leading the way with exceptional customer care and a top notch training program.