China Unionpay

As China’s only domestic bank card organisation, CUP (China UnionPay) is the payment method of choice for most Chinese traders. It more than just a bank card it is an association for China’s entire bank card industry and is the primary network for most of China’s banks. It is also the only interbank network in China that links all ATM’s and banks throughout mainland China. To put it in simple terms China UnionPay to China is like Visa to the World. If you are looking for a broker that accepts UnionPay then you are in luck as brokers have been lining up to support this payment method as it is the gateway for Chinese traders to easily access the Forex market. Due to Chinese regulation bank transfers and other payment methods are very much restricted and for the Chinese, China UnionPay is the only easy solution to provide individuals access to the global FX markets.