Mastercard is a payment technology company that issues credit and debit cards that can be used to purchased items. Mastercard was founded as Interbank Card on the 6th December 1966. It later changed its name to Mastercard on the 16th December 1979. Mastercard debit/credit cards are issued by banks around the world. The headquarter of Mastercard is located in MasterCard International Global Headquarters Purchase in New York. Mastercard’s main rival is Visa.
Both cards charges different exchange rate and transaction fee. Having a Mastercard makes it convenient for you to trade binary otpions because all brokers accept it as a standard payment method.
Binary Options Brokers That Accept Mastercard
Banc de Binary is a top binary options broker founded by a group of professionals with more than 100 years of experiences in the industry. Banc de Binary allows traders to customize the expiry time frame. You also get to customize the risk/reward returns on your binary options trade. It offers 60 seconds options for people who want to close the trade early. There are two types of trading platforms including Digital Option Pro and Option Builder. Banc de Binary offers a payout ratio of up to 500%.
24Option is a binary options broker that operates under a company called Rodeler Ltd. 24Option is offering a 100% welcome bonus for new traders. They provide risk free trades for anyone who sign up with them and deposit funds into their account. 24Options is registered with CONSOB in Italy. The payout ratio is in between 70% to 89%. On the weekends, you can expect the profitability rate to increase up to 310%.
OptionFair is a financially regulated broker based in Cyprus. Option Fair provides a superior trading platform that features boundary trading. It also provide fast paced options such as 60 seconds options. You can expect to earn up to 85% on your investment. It provides a rebate rate of between 10% – 15% of your initial investment in the event of out-of-money trade. They are offering welcome bonus for first time deposits.
OptionTime is a recently established binary options broker backed by Safecap Investment. Safecap Investment is a CySEC regulated company. They provide 180 tradable assets. Option Time supports One Touch options as well as fast paced trading. They provide an innovative platform that features many history charts, live news streaming, and daily markety reports.
RedwoodOptions is a binary options broker founded by the same company that establish Trade Rush. Redwood Options is headquartered in London, Uk. Redwood Options offers a payout of up to 85% for the high/low options and a payout of up to 500% for the one touch options. The expiry time frame ranges from 60 seconds, to end of day. They accept credit/debit card as well as bank wire for the bank deposit and withdrawal.
OptionRally is a binary options brokers based in Cyprus. It has a number of offices in Limassol, Cyprus. OptionRally is recognized for their mobile trading platform. OptionRally mobile platform is compatible with smartphone, iPhone and iPad. OptionRally platform is protected with the COMODO encryption system.
Mastercard Versus Bank Wire
Using a Mastercard credit card to fund your account is very convenient because you don’t have to reload cash into it or go to the bank to perform the funds transfer. Mastercard credit card provides the fastest way for you to fund the account because the funds you deposit will appear instantly. If you use bank wire, you will have to be patient as it will take a few days for the funds to be wired. Both credit card and bank wire support multiple currencies. If you are using credit card, it is important that the binary options broker site is protected with a secure encryption system.
Mastercard Alternative Payment Methods
The best alternatives to Mastercard are digital wallets such as Paypal, Neteller, WebMoney, and PerfectMoney. The advantage of using a digital wallet is that you don’t have to re-enter your credit card number and address everytime you want to deposit funds into your account.
In conclusion, Mastercard offers traders the capability to deposit funds funds into their account instantly. Withdrawing via Mastercard takes approximately 1 business day. If you are using the platform for the first time, the broker may require you to provide identity proof documents.