Best Cashu Brokers 2026

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.