Ukash is a secure electronic money system with headquarter in London, United Kingdom. Ukash is regulated by the Financial Conduct Authority in UK. With Ukash, you use a secure 19 digit code to make online payment or reload your card. You can obtain the code from selected ATMs. The 19 digit code represent the prepaid money. If you want to purchase an item that cost less than the code, the merchant can return the exchange to you in the form of a new 19 digit codes. This makes Ukash just like using cash in offline transaction.
Binary Options Brokers That Accept UKASH
AnyOption: AnyOption is owned by an investment firm called Ouroboros Derivatives Trading in Cyprus. AnyOptionw as founded in 2009. They offer free demo account for traders who want to test their trading skills. The platform offer multilingual supports. The data on the expiry time frame and prices are sourced from Thomson Reuters. It offers a payout ratio of up to 80% and a refund ratio of 5% – 25%.
OptionsClick: OptionsClick is run by a CySEC regulated company called Lead Capital Markets, which is based in Cyprus. OptionsClick has been growing rapidly ever since its establishment in 2011.They have already receive several wards for the high quality trading services. OptionsClick has integrated economic calendar onto its platform. They offer a patio ratio of 89%. For Gold account holders, they can get up to 87% of returns for out of the money trades.
Markets World: Markets World is a licensed and regulated broker based on Isle of Man, Great Britain. They offer the lowest amount of minimum trade. They also offer one of the lowest minimum deposit requirement in the industry. Markets World allows US traders. Apart from offering Ukash, they also accept credit card. It takes lesser than 1 minute to fund your account with credit card. There are a few types of expiry time frame to choose from including 5 minutes, 10 minutes, 30 minutes and 24 hours. They offer a payout percentage of up to 92%.
Binary Options Brokers That Do Not Accept UKASH
EveryOption: EveryOption is a Russian based broker that operates under Rich Ventures Ltd. EveryOption offers a KeyStone platform that feature more than 100 assets. They offer options with various types of expiry time frames including daily, weekly, and monthly options. The platform allows you to double your trade or close your trade early.
Trade Rush: Trade Rush is a top binary options broker that have been improving their trading services every since their establishment in 2011. They provide traders with a SpotOption platform features tools that are even better compared to other brokers. Trade Rush offers a payout rate of between 65% – 85% and a refund rate of up to 15%. The platform offers various types of options including standard options, 60 seconds options, one touch and pair options. They offer 100% bonus for your initial deppsit.
24Option: 24Option offers many free financial tools. They provide lots of free ebooks that you can download to your computer. Besides, they also offer in depth video tutorials and weekly webinars. You can follow the trading patterns of the top traders. They provide the latest market news from third parties such as Yahoo! News.
Ukash Versus Credit Cards
Ukash is different than credit card because you are using your own money instead of borrowing from a credit card institution. With credit card, you will be charged fees if you are late in making payment. The only downside is that Ukash is not widely accepted by binary options brokers like credit cards. You will find that there are very few brokers that accept Ukash. To use Ukash, you have to enter a pin number. You can combine several pin number to increase your balance. For easier management, you can enter all your pin number in your online account.
Ukash Versus Bank Wire
Unlike bank wire, Ukash does not charge any fee when you make a payment online. It is more secure because you don’t have to share your sensitive information. It is also more convenient to pay with Ukash as you don’t have to go to the bank to fill in a form and queue up.
There are lots of complaints about Ukash. Many people complaint that they can’t use the funds they load into the card. They also complaint that Ukash is not as before after it was acquired by the Skrill group in 2014. If you want a more secure payment method, you can try other payment methods such as:
- Skrill – List of all Skrill Brokers
- Paypal – List of all Paypal Brokers
- Credit card and debit cards – List of all top 10 Brokers
UKash Binary Options Brokers
In conclusion, UKash offers a cost effective method for traders who want to save money on the fees. It is important to keep the code to yourself and never give it away through email or telephone.