Best UnionPay Brokers 2026
Discover the best brokers with UnionPay deposits and withdrawals following our rigorous hands-on tests.
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1CloseOption, based in Georgia, has over ten years in the trading industry. It provides high/low binary options trading on forex and crypto markets, offering good payouts, 24/7 customer support, and user-friendly trading software.
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2IC Markets is a renowned forex and CFD broker recognized for its high-quality pricing, extensive range of trading tools, and superior trading technology. Established in 2007 in Australia, it operates under the oversight of ASIC, CySEC, and FSA. It has drawn in over 180,000 traders from across 200 countries.
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3Pepperstone, established in Australia in 2010, is a highly-regarded forex and CFD broker serving more than 400,000 international clients. It provides access to over 1,300 instruments through leading trading platforms such as MT4, MT5, cTrader, and TradingView, while keeping fees relatively low and transparent. The company is regulated by known authorities including FCA, ASIC, and CySEC, offering a safe trading environment for all.
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4Eightcap is an award-winning, FCA-regulated broker with low trading fees. They are highly rated by TradingView’s users, who can trade directly on the platform. UK traders can open a live account with a £100 minimum deposit. Eightcap is a multi-regulated forex and CFD broker founded in Australia in 2009. It is popular with active traders, offering 800+ instruments, tight spreads, and improvements like the TradingView platform, AI-powered financial calendars, and algo trading tools that require no coding experience.
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5BlackBull, based in New Zealand, is a CFD broker offering trading on over 26,000 instruments. After a 2023 rebrand, it now features a modern design with advanced trading tools and execution speeds averaging 20ms.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $5 | $1 | ✗ | ✗ | National Bank of Georgia | Binary Options on Forex & Cryptos | Own | USD | ✗ | ✗ | ✗ | |
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✓ | ✓ | $200 | 0.01 Lots | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ASIC, CySEC, CMA, FSA | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✗ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | ✓ | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | £100$100 | 0.01 Lots | 1:301:500 | ✗ | ASIC, FCA, CySEC, SCB | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, TradingView | USD, EUR, GBP, CAD, AUD, NZD, SGD | Expert Advisors (EAs) on MetaTraderTradingView Bots | ✗ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:500 | ✓ | FMA, FSA | CFDs, Stocks, Indices, Commodities, Futures, Crypto | BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD | Expert Advisors (EAs) on MetaTrader, cTrader Automate | ✓ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best UnionPay Brokers 2026 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✗ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best UnionPay Brokers 2026.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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✗ | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best UnionPay Brokers 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $5 | $1 | ✗ | ✓ | ||
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✓ | $200 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | £100$100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best UnionPay Brokers 2026 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✓ | ✗ | ✗ | ✗ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✗ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTraderTradingView Bots | ✓ | ✗ | ✗ | ✗ | 1:301:500 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, cTrader Automate | ✓ | ✓ | ✓ | ✗ | 1:500 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best UnionPay Brokers 2026.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best UnionPay Brokers 2026 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best UnionPay Brokers 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $10 reactivation fee to resume trading after 90 days | ✗ | No fee - payouts approx. 80% (Copper) | ✗ | |
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✗ | $0 | 0.02 | 0.02 | BTC 42.036 | |
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✓ | $0 | 0.02 | 0.1 | BTC 30, ETH 0 | |
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✗ | $0 | 0.03 (Apple Inc) | 0.0 | $12 (BTC) | |
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✗ | $0 | Variable | 0.16 | 245 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best UnionPay Brokers 2026 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| CloseOption |
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| Pepperstone |
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| IC Markets |
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| Eightcap |
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Why Trade With CloseOption?
CloseOption is the easiest binary broker for beginners. Sign-up takes under 5 minutes, with a $5 minimum deposit and $1 minimum stake. CloseOption also hosts weekly binary trading competitions with cash prizes up to $1,300.
Pros
- The platform works with most internet browsers and is easy to use.
- Various global payment options are available.
- Beginners in trading can start with a minimum deposit of $5.
Cons
- Customers must deposit over $50,000 to be eligible for the maximum payouts.
- Binary options can be traded on both traditional (“fiat”) and digital currencies.
- CloseOption is not overseen by a reputable trading body.
Why Trade With IC Markets?
IC Markets provides excellent prices, quick execution, and smooth deposits. The utilization of sophisticated charting platforms such as TradingView and the Raw Trader Plus account makes it a preferred choice for intermediate to advanced traders.
Pros
- IC Markets won DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its top-notch MetaTrader integration, perfected over years to enhance the platform experience.
- IC Markets provides fast and reliable 24/5 support for account and funding issues.
- You can trade more than 2,250 CFDs in various markets, such as forex, commodities, indices, stocks, bonds, and cryptocurrencies. This range enables varied trading strategies.
Cons
- Interest is not earned on unused funds, a feature commonly available at other platforms such as Interactive Brokers.
- IC Markets have a selection of metals and cryptos for trading through CFDs, but their range is not as wide as brokers such as eToro. This may limit options for traders who are interested in these asset types.
- Despite having four top-tier third-party platforms, there is no in-house software or trading app specifically designed for new traders.
Why Trade With Pepperstone?
Pepperstone is a leading choice for trading with low spreads, quick execution, and advanced charting for experienced traders. New traders benefit from no minimum deposit, a wealth of educational resources, and 24/7 support. Operating under ASIC regulation, Pepperstone is a top option for Australian traders and won DayTrading.com's 'Best Aus Broker' award for 2025.
Pros
- Pepperstone provides impressive transaction completion speeds, averaging about 30ms. This allows for quick order processing and execution, making it suitable for traders.
- Pepperstone is a low-cost broker, ideal for serious traders. The Razor account offers spreads from 0.0, with rebates up to 30% for indices and commodities, and $3 per lot for forex through the Active Trader program.
- Pepperstone now offers spread betting via TradingView, enabling tax-efficient trading with sophisticated analysis tools.
Cons
- Despite expanding its market range, crypto options are limited compared to other brokers in this area, and there is no option to invest in actual coins.
- Pepperstone's demo accounts last for 30 days. This might be insufficient for learning the various platforms and testing trading strategies.
- Pepperstone does not support cTrader Copy, a popular feature in the cTrader platform available at alternatives like IC Markets, though it has launched an intuitive copy trading app.
Why Trade With Eightcap?
Eightcap provides all necessary resources for traders, including an expanding array of charting platforms, educational programs in Labs, and the integration of AI-powered tools. With the addition of more than 120 cryptocurrency Contracts for Difference (CFDs), it has established itself as a preferred option for crypto trading. It has received our 'Best Crypto Broker' award consecutively for two years.
Pros
- Eightcap excels by offering robust trading tools and resources, such as MT4, MT5, and the 100-million-member TradingView social trading network.
- Eightcap offers trading conditions that are both affordable and adaptable. They feature no spread charges, minimal commission fees, and offer high leverage of up to 1:500 for some clients. These flexible conditions cater to a variety of trading strategies.
- Eightcap excelled in key areas for traders, surpassing all competitors to win our 'Best Overall Broker' award for 2024, and securing the 'Best Crypto Broker' and 'Best TradingView Broker' titles for 2025.
Cons
- Eightcap does not provide popular tools like Autochartist or Trading Central. These tools are known for their advanced charting analytics, live news, and market insights for traders.
- The demo account expires in 30 days and can only be renewed if requested. This is less convenient compared to XM, which offers an unlimited demo mode.
- While Eightcap's Labs offers a valuable collection of educational guides and e-books, it still falls behind IG's extensive resources for traders, including the IG Academy app and 18 different course categories.
Why Trade With BlackBull?
After upgrading its trading infrastructure with Equinix servers in New York, London, and Tokyo to reduce latency for traders, BlackBull is a top choice for trading stock CFDs with ECN pricing.
Pros
- BlackBull provides essential features for traders: execution speeds of less than 100ms, leverage up to 1:500, and tight spreads starting at 0.0 pips.
- BlackBulls’s research is excellent, particularly the daily ‘Trading Opportunities’ articles, which make complex market movements easy to understand and help traders capitalize on new trends.
- BlackBull offers three ECN-powered accounts—Standard, Prime, and Institutional—catering to beginners, experienced traders, and professionals with flexibility for trading needs and capital requirements.
Cons
- The Education Hub now includes webinars and tutorials, but the courses still need to better explain the broader economic factors that affect prices.
- Despite having over 26,000 assets, including new Asia Pacific indices, the selection primarily consists of stocks, with an average range of currency pairs and indices.
- BlackBull doesn't have its own platform and uses MetaTrader, cTrader, and TradingView. Though these are excellent, other brokers' platforms, like eToro’s, often offer unique features for beginner traders.
Filters
Understanding UnionPay for Traders
UnionPay International, also known as China UnionPay, is a popular payment option among online brokers and traders. You might recognize its tricolored logo at your brokerage site or ATM, though it might not be as familiar as Visa cards.
This payment method offers various rewards for trading and shopping online. It also supports mobile QR code payments. Let’s explore the benefits of using UnionPay for trading and discover some top brokers that accept it.
Choosing the Best Brokers That Accept UnionPay
To find the best brokers for UnionPay, we:
- Identified which of the 500 platforms in our database accept UnionPay
- Verified that they support both deposits and withdrawals via UnionPay
- Ranked them based on their overall ratings, using solid data and personal testing
What is UnionPay?
Established in 2002, UnionPay International is a part of China UnionPay, a major financial company based in Shanghai. It provides cross-border card services and is a popular option for deposits and withdrawals for traders worldwide. UnionPay is well-established, with its cards accepted in 183 countries and regions.
UnionPay is the only interbank network in China connecting all ATMs, and it’s the largest card payment system globally, surpassing Visa and Mastercard.
Benefits of Trading with UnionPay
Simple Registration
Getting a UnionPay card is straightforward. You can sign up through approved banks listed on UnionPay’s website in just minutes. Once you have a card, it’s easy to deposit and withdraw funds at your trading broker. Additionally, UnionPay offers prepaid cards internationally, useful for frequent travelers and those working abroad.
Widely Accepted
UnionPay cards are accepted by brokers in 183 countries, from Zimbabwe to the United States. You can use the ATM locator on their website to find terminals where UnionPay is accepted. The company has partnerships with over 2,600 banks and institutions worldwide.
User-Friendly
UnionPay supports trading transactions in almost every currency and works seamlessly across mobile devices and browsers. It also provides a mobile app for convenient QR code payments, and in some places, supports Google Pay and Apple Pay.
International Transactions
UnionPay partners with MoneyExpress, which offers cost-effective currency exchange, making it easier to fund your online trading account from abroad.
Rewards and Perks
UnionPay offers various promotions and rewards, similar to Visa or Mastercard, adding value to trading and general spending. These include contactless payment rewards, cinema discounts, and cross-border shopping discounts, among others.
Drawbacks of Using UnionPay for Trading
A key limitation is the number of brokers and banks offering UnionPay cards for trading. Surprisingly, it’s not accepted by AliExpress, a leading ecommerce platform in China. Additionally, some regions may not have UnionPay visible on brokers’ sites and ATMs, so users must check for acceptance.
Transaction Speed
UnionPay transactions are typically instant for deposits, though prepaid cards might require a few days to load money. Withdrawals might also take longer, with potential wait times of several days.
Security
Like other major payment systems, UnionPay ensures secure transactions through robust security protocols, including 3D Secure and encrypted QR code payments.
How to Deposit with UnionPay
Depositing with UnionPay at participating brokers like Eightcap is easy. It’s essential to verify the minimum deposit required by your broker. If you use UnionPay for deposits, you might need to withdraw via the same method. Ensure your ID matches your UnionPay account details, and check for any withdrawal limits with your broker.
Fees and Costs
Many brokers, like IC Markets and Pepperstone, allow fee-free UnionPay transactions. However, cross-border transactions might incur fees, including ATM charges and currency conversion costs, which typically range from 1% to 2%. Check with your bank to avoid surprises.
Is UnionPay Good for Trading?
For traders in Asia, Russia, or the US, UnionPay is a convenient option for trading payments. It offers benefits like instant processing and secure transactions. However, it may not be as widely supported beyond the Asia-Pacific region as other services like Visa or PayPal.
FAQs
How Do I Use UnionPay at My Broker?
You can use your UnionPay card to pay for goods or make trading deposits. Look for the UnionPay symbol with your broker.
Is UnionPay Accepted in Europe?
Yes, UnionPay is generally accepted across Europe, including the UK, France, Germany, Spain, and Italy. Verify with your broker if they support UnionPay transactions.
Where Is UnionPay Accepted?
UnionPay is accepted in 183 countries, including Europe, Asia, Africa, the US, and the Middle East. For a list of brokers that accept UnionPay, check our recommendations.
Is UnionPay Secure for Trading?
Yes, UnionPay uses advanced security measures to protect your transactions online and on mobile apps, such as 3D Secure technology and encrypted QR codes.