Forex Brokers that Accept China UnionPay
Compare Forex brokers that accept China UnionPay (CUP) for deposits and withdrawals.
HYCM.com, formerly HY Markets, is an award-winning regulated online broker suitable for day traders as well as long-term investors. It's also an established broker, in business since 1999.
- Likes
- Trade CFDs or invest in over 1,000 "real" stocks.
- Trade on MetaTrader 4 or MetaTrader 5.
- Get free signals from Trading Central.
- Open a trading account in USD, EUR, GBP, CAD and AED.
- Dislikes
- Trading fees on its Fixed and Classic accounts are a little high.
- Monthly inactivity fees apply after 90 days.
- Copy trading isn't possible.
Trade over 300 instruments across a wide range of markets, spanning currencies, cryptocurrencies, stocks, indexes, and commodities. HYCM offers a variety of trading accounts for beginners and more experienced traders, on the MetaTrader 4 and 5 platforms.
Of note, 'buy and hold' investors can now access over 1,000 'real' stocks, and earn dividends on their investments. It is possible to invest from as little as $10 through fractional ownership. This service includes American, Asian, and European stocks.
HYCM is an established broker, in business since 1999. It is also a safe place to trade, being overseen by regulators in the EU, the UK, the UAE, and other regions. HYCM provides a reliable trading environment. However, its trading fees are somewhat higher than the competition, unless you open a Raw account.
Most brokers set a cap on the amount you can deposit through UnionPay. As these caps are transaction-specific, you may need to deposit large sums over several transactions. Your own bank may also impose transaction limits. Speak to your broker and bank manager for clarity.
Share this article:
About the author
I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.