Binary Options Brokers that Accept Prepaid Credit Cards
Binary Options Brokers that Accept Prepaid Credit CardsNovember 20, 2013
Prepaid credit cards are an excellent way to fund your trading account, primarily because of the fact that they allow you to control your budget and insulate your bank account completely. Using prepaid is also a great way to set limits for yourself, and if you are prone to emotional investing I highly recommend you use this form of payment.
Another benefit in using a prepaid card has to do with the fact that it is paid for in cash and does not reflect in your bank account statement, so you get to keep your anonymity while at the same time engage in trading. Additionally, using this method is also a great way to avoid tax issues and payments that are associated to your name in your bank account.
Most binary options brokers will accept prepaid credit cards as long as they have the Visa or Mastercard logos, however I always recommend asking the support staff just to make sure. Additionally, some brokers will also accept AMEX (American Express) prepaid, however this is an exception rather than the case.
It’s important to remember that if you don’t have cash you can always open an account with an electronic wallet such as Moneybookers (Skrill) and fund your E-wallet directly from your bank account.
To sum up, some of the best brokers such as Optimarkets, Redwood Options, and Cedar Finance all accept prepaid credit cards as a means to fund your real money trading account.