Binary Options Brokers that Accept Ukash

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Binary Options Brokers that Accept Ukash

Posted on by John Thiel

Ukash is a global payment method used by thousands of traders every day to fund their trading accounts. It’s unique in the sense that all you have to do is step into a kiosk or any one of the 420,000 outlets available across the globe and exchange your cash for a 19 digit code. The code is actually a form of prepaid credit card which can be used to fund your trading account.

Ukash - Binary Options

Fees: Ukash charges processing and administration fees of up to 15% of the original deposit on disputed transactions (AKA refunds). We don’t recommend charging back with Ukash since the fees on disputed transaction are very high, and immediately deducted from you card balance.

Benefits: The benefits are obvious. Much like other prepaid cards such as Visa or Mastercard, Ukash allows you to curb your spending and impose limits on how much you plan to invest so you don’t over-extend your credit line.

Disadvantages: The main disadvantage is that most binary options brokers do not accept Ukash, hence your options for using it are pretty slim. The only broker that I am aware of that accepts Ukash is Anyoption, and they do specialize in UK traders.

It’s also important to note that Ukash is not available for US residents, it is mainly used in Europe, primarily in the UK but also in the Netherlands, Germany, France, Spain, Sweden, Italy, Denmark, and Greece.

Special Features:

Ukash Paypoint /Payzone Terminals
A special geo-targeting tool available on the Ukash website which tells you the Ukash terminal which is nearest to you.

Split: 
Allows you to break down your Ukash voucher into smaller denominations enabling you to deposit with a variety of broker sites and spend only the amounts you wish.
Combine:
Add all the smaller vouchers into a big one and invest accordingly.
Convert: 
If you use  GBP and need EUR you can convert your currency in accordance to your needs.
My Ukash:
Allows you to manage your NEO and UkashOut MasterCard accounts. Its basically a debit card format that allows you deposit in places where Ukash is not accepted but Mastercard is.

Conclusion: Ukash is gaining popularity as an alternative payment method due to the simplicity it offers, coupled with complete anonymity. If you are a trader looking for a discreet depositing option, Ukash is the solution you need. 

 

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