Forex broker FX Central Clearing, operating as FXCC, has added China UnionPay as a new payment method for clients in China. The broker accepts deposits and withdrawals via the money transfer system.
“In creating this new relationship we’re opening up a gateway, allowing new and experienced FX traders from Asian countries such as China, to trade directly through FXCC’s ECN FX trading model,” the broker said in a statement.
The broker constantly adds new payment methods to its offering. It said it intends to include more systems in the future.
FXCC already supports money transfers via several other methods – bank wire transfers, bank cards (Visa and MasterCard), Netbanx Asia, and e-wallets Skrill, Neteller, PaysafeCard, Rapid Transfer, Sofort, CashU and Neosurf. The broker covers all deposit fees, regardless of the used payment method.
Shanghai-based China UnionPay is a card provider and a type of inter-bank transaction settlement system with about 400 domestic and overseas associate members. It is the only such organization in China. The system is among the most widely spread payment systems, accepted in more than 150 countries worldwide. It is used by a number of forex brokers, including RoboForex, FXOpen, IFC Markets, FreshForex, Pepperstone, FxPrimus, ForexTime (FXTM), and others.
According to FXCC, China UnionPay is the third largest payment service provider by annual transaction value processed, behind world leaders MasterCard and Visa.
FXCC is an online broker that provides Straight Through Processing (STP) access to the forex market. It offers trading in currency pairs, gold, silver, and indices via the MetaTrader 4 (MT4) trading platform. The broker holds a license issued in 2010 by the Cyprus Securities and Exchange Commission (CySEC), providing it access to the rest of the European Economic Aria (EEA).