Binary Options Brokers that Accept Maestro Switch
Binary Options Brokers that Accept Maestro SwitchNovember 20, 2013
Maestro is basically a Mastercard-type debit card which can be used to fund your real money trading account. Maestro (previously also known as Switch) requires you confirm your deposit by entering a 4-6 digit pin code that is provided to you by the issuing bank.
This card is made available to NON-USA residents and is primarily used by UK and Australian traders (but not only), and operates much the same way Visa Electron does in the Americas. The two recommended brokers that accept Mastro are 24Option first, followed by Anyoption which also offers a professional trading platform coupled with great customer service.
Switch was originally used as a cheque guarantee as well as a cash card. Since the two cards merged, Switch is no longer being offered and Maestro has taken the function of a cash card as well as a debit card. As time progressed the issuing banks, namely HSBC and First Direct bank made a transition from Maestro to Mastercard Prepaid cards, which have become the predominant funding tool for anyone wanting to control spending and maintain a sense of anonymity.
Today, anyone wanting to invest in binary options using Maestro will need to make sure their card is funded first. This is done by logging into your bank account online and transferring money to your card. Once that’s done, you can simply deposit and start trading immediately.