Best Cashu Brokers 2025
Discover the best brokers with Cashu deposits and withdrawals following our rigorous hands-on tests.
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1Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 RoboForex is a registered online broker since 2009 under the IFSC in Belize. Traders can select from five different account types (Prime, ECN, R StocksTrader, ProCent, Pro). These accounts allow trades starting from 0.01 lots and offer spreads beginning from 0 pips. In addition to the original service, RoboForex has expanded its platform by introducing the trading of CFDs and by developing a stock trading platform, including the CopyFX system.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
- Exness was the first brokerage to reach monthly trading volumes of $1 trillion and $2 trillion, demonstrating its credibility.
- Wide variety of account types for all experience levels, including Cent, Pro, and the new Raw Spread, ideal for traders.
Cons
- Besides a mediocre blog, educational resources are lacking, especially compared to category leaders like IG, which offer a more comprehensive trading journey for new traders.
- Retail trading services are not available in some areas, such as the US and UK, which limits access compared to leading brokers like Interactive Brokers.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader are not available yet, despite increasing demand from traders and their integration with other platforms like Pepperstone.
Why Trade With RoboForex?
RoboForex offers a broad selection of over 12,000 trading markets along with ECN accounts, impressive charting, and loyalty incentives. It is also advantageous for stock traders due to its intuitive R StocksTrader platform, which provides access to over 3,000 shares, lower fees starting at $0.01, and advanced watchlists.
Pros
- The broker provides up to 1:2000 leverage for some accounts, a peak level in the industry. This high leverage lets traders increase their potential gains, but also increases risk.
- RoboForex offers more than 12,000 instruments for trading. This includes forex, stocks, indices, ETFs, commodities, and futures. Comparatively, this surpasses the trading opportunities available from most online brokers.
- The R Stocks Trader platform competes with top platforms like MT4, offering netting and hedging abilities, thorough backtesting, Level II pricing, and a versatile workspace.
Cons
- RoboForex offers many account types which, although flexible, can be daunting for new traders to select the most appropriate for their trading preferences. Other platforms like eToro simplify the process with a single retail account option.
- RoboForex now only allows USD and EUR as base currencies. This could lead to conversion fees and inconvenience for traders who prefer managing their accounts in other currencies.
- RoboForex provides fair spreads, but some of its account types have high trading commissions up to $20 per lot, which are more expensive compared to more affordable brokers like IC Markets.
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Introducing Cashu: A Leading Payment Provider
Cashu is a major online payment provider in the Middle East and North Africa, commonly referred to as the MENA region. If you’re looking to add funds to your forex or CFD trading account, you can use Cashu to do so. This guide will walk you through how to deposit and withdraw money, the associated costs, security measures, and other factors to consider as a trader. We also share the top brokers that accept Cashu payments.
How We Picked the Best Cashu Brokers
To identify the best Cashu brokers, we:
- Searched through 500 online trading platforms to find those that support Cashu
- Verified that they allow deposits and withdrawals via Cashu
- Ranked them based on a detailed analysis of over 100 data points and expert insights
What is Cashu?
Founded by Maktoob.com in 2002, Cashu was the first online payment service in the MENA region. It has since become the largest payments provider there, with offices in Dubai, Egypt, and Jordan. Cashu works with 75,000 vendors and 7,000 online businesses, and it’s available in countries including Libya, Lebanon, Iraq, among others. Users can recharge their accounts through in-store vendors, online payments, or gift cards.
Why Use Cashu for Trading?
Globally Accepted
Cashu is accepted in numerous countries like Dubai, Egypt, and Iraq, but not in some major trading markets like the UK.
Supported by Financial Institutions
Cashu accepts Mastercard and Visa for account deposits. It also offers a virtual prepaid card in partnership with Mastercard and a special Joy Card linked to the Cashu e-wallet.
Fast Transactions
As a digital wallet, payments and withdrawals through Cashu are generally processed within minutes, which is quicker than traditional methods like checks or bank wires that can take days.
Mobile App
Available for both iOS and Android, Cashu’s mobile app lets users make payments and monitor their accounts on the go. It also supports Cashu’s gift cards through a separate app.
Use with Popular Brands
Cashu funds can be used with popular online brands like Amazon, eBay, and Netflix. More details about partnering merchants are available on Cashu’s website.
Cryptocurrency Support
Through its mobile app, Cashu allows users to buy, hold, and trade cryptocurrencies. The crypto prices are set by the exchange Huobi.
Drawbacks of Using Cashu for Trading
Limited Customer Support
Cashu doesn’t offer live chat or a contact number for immediate assistance, although users can submit a ticket through the support page. Their FAQ section is quite comprehensive but not as extensive as those offered by services like Skrill or Neteller.
Limited Trading Broker Acceptance
While Cashu is widely used in the MENA region, it is not accepted by many global trading brokers, which could limit your choices.
Transaction Speed
Transactions using Mastercard and Visa are processed instantly. However, if you’re using Cashu vendors, processing times may vary. Also, brokers may impose additional processing times.
Security Measures
Cashu prioritizes fraud prevention and has invested heavily in technology to ensure your transactions are safe. They also have an extra security measure that might require you to submit an identification video.
How to Deposit with Cashu
You can add money to your Cashu wallet using local vendors or online with a Mastercard or Visa. To deposit at a broker like RoboForex, select the Cashu payment option in your account’s deposit section, input the amount you want to deposit, and follow the prompts. Note that there’s a fee of 3.5% plus any foreign exchange rates when using credit cards. Gift cards are another way to fund your Cashu account.
Understanding Cashu Fees
Cashu is upfront about its fees: a $1 wallet maintenance fee, a $1.50 local transfer fee, and a 3% fee for crypto transactions. Additional broker fees may apply, so check your broker’s fee schedule.
Is Cashu Suitable for Trading?
Cashu is a reliable option for traders in the MENA region due to its dedication to security and anti-fraud measures. Although it’s widely used in other sectors, only a limited number of trading brokers accept Cashu, which is something to consider before choosing it for your deposits.
Frequently Asked Questions
How Does Cashu Connect to My Trading Account?
Cashu acts as a secure digital wallet to fund your trading accounts. It allows deposits via Mastercard and Visa, adding an extra layer of security.
Is My Money Safe with Cashu?
Cashu secures transactions with encryption technology. However, always use a reliable trading platform to minimize risks.
Are There Any Hidden Fees When Using Cashu?
Cashu is transparent about its fees, but always check your trading platform’s fee policies to avoid unexpected charges.