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The payment method is probably one of the most important things when it comes to Forex trading. There are many different of them available on the market right now and the number of them is only growing. As new companies emerge, Forex brokers have the ability to access the whole new demographics of people who they did not have access to before.
In this guide, we will be talking about PayU, a fintech company providing payment technology since its establishment in 2002. If you wish to learn more about this payment method and Forex brokers accepting deposits via PayU follow this guide carefully!
While choosing the payment method that you want to use, there are several things that you should focus on. For example, it is very important that the payment method that you choose has low fees, transactions are made fast, and most importantly, it is a company that can be trusted with your funds.
How to find the best PayU Forex trading platform?
If you are looking for the best Forex broker for trading there are several things to keep in mind. Something that we think is the most important is that you can be safe, because of that, you should always look out for the regulations. There are many Forex brokers around the world that have official authorization from regulatory bodies, which means that trading with them can be safe.
However, we would recommend to always double-check the information that you receive from Forex brokers, it can be done by directly contacting the regulatory bodies. In most cases, they have a special list of brokers that own authorization from them.
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Min. depo
$5
Leverage
1:888
Platform
MT4, MT5, WebTrader
XM
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Min. depo
100 USD
Leverage
400:1
Platform
MT4, MT5
AvaTrade
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Min. depo
$100
Leverage
1:30
Platform
WebTrader, Windows 10 Trader
Plus500
Where is this payment method available?
PayU offers its services to 18 different markets, it prides itself on being the leading online payment service provider in these high growth markets. The motto of the company is ‘building a world without financial borders where everyone can prosper’ and it certainly is doing everything in its power to provide some of the safest ways of payments to the countries where it is available. The services of the company can be enjoyed in countries like:
- India
- Argentina
- Nigeria
- Poland
The list includes many other countries since the company is trying to offer its services to the countries where other leading payment methods are not available, because of that, it is a great chance for Forex brokers using PayU to access whole new demographics. PayU is a result of several different payment methods that are working in different regions of the world, there are not so many Forex brokers that accept PayU payments, however, there still are a number of them you can choose from.
What are the currencies accepted by PayU?
PayU offers international payments to its users and accepts payments in 100 different currencies, including but not limited to USD, EUR, GBP, AUD, AED, NZD, and many others.
Is making Forex trading deposits visa PayU safe?
PayU is a very safe way for money transactions. One of the main reasons for it is that its gateway follows PCI-DSS standards that are high-level security protocols that make sure that you can be safe from fraud. Safety is one of the most important things when it comes to Forex trading and you need to do good research before you start trading. A great thing to do is to always go with the brokers that have some type of authorization from regulatory bodies.
What are the fees applied to payments with PayU?
There are several fees applied to the payments that you make, for each transaction, you might be charged a flat fee of 2 percent. However, created an account is free, you also won’t be charged any fees for using the card over time. On the other hand, something that you should always remember is that there are some brokers who have additional fees when it comes to depositing money with PayU for Forex trading.
This might not be the case for every broker, this is why you should always check the information provided by the broker carefully. In most cases, they have a special page dedicated to the fees and payment methods, it is a good idea to take a look at pages like this before you start trading.
In addition, if you are using credit or debit cards to fund your PayU account, there might be some additional fees applied to the payments that are charged by the card issuer. You can contact the bank that issued your card and ask them a question regarding the transaction fees. There are many brokers that accept PayU, but what are the best ones? See our list below and start trading right now.
XM
Min. Depo
$5
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Leverage
1:888
Platforms
MT4, MT5, WebTrader
AvaTrade
Min. Depo
100 USD
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Leverage
400:1
Platforms
MT4, MT5
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
Forex.com
Min. Depo
$100
Licences
NFA, CFTC, FCA, FSA, IIROC and CIMA
Leverage
1:50
Platforms
WebTrader, MT4, MT5
CMTrading
Min. Depo
250 USD`
Licences
FSCA
Leverage
1:200
Platforms
MT4, WebTrader, Copykat
How long does it take to top-up the Forex trading account via PayU?
PayU is known for making the transactions very fast. Many people are using it for the speed of transactions that it offers, however, you should also check out the website of the broker you are using. They might have some restrictions regarding the payments and it could take some time from their part to accept the payments.
However, this is not the case in most of the situations and you can enjoy fast, safe and secure payments with the help of PayU.
Should you start trading with PayU?
We believe that because of the fact that there are so many payment methods available on the market, many might have a hard time understanding why would anyone use PayU. There are several reasons for that, but one of the main reasons is the availability.
PayU is a very successful company that is trying to make the world market available in different parts of the world, it offers users safety and security that is needed so much in the world of finance and especially in the world of Forex. One problem when it comes to PayU Forex trading is that there are not so many trading platforms that offer this payment method, this can be a little tricky since you might have a little hard time finding the best PayU Forex trading website.
However, if you found one that accepts PayU payments and you already have a PayU account, go ahead and start trading with them!