Forex brokers are dealers or fintech firms that facilitate their clients’ access to trading forex and CFDs on global markets. These brokers accept various payment methods, including Credit Cards, Debit Cards, Bank Transfers, Visa, MasterCard, Cryptocurrencies, and PayPal. Some brokers also support regional and alternative payment options such as UnionPay, especially for clients based in Asia.

UnionPay is a widely used payment network in China and other Asian countries. It allows users to make domestic and international payments securely using UnionPay-branded cards. In forex trading, UnionPay provides a convenient and reliable way to deposit funds, especially for traders who prefer local banking systems and faster processing times.

While many forex brokers support global deposit options, only a select number accept UnionPay due to regional licensing and technical integration requirements. Among those that do, processing speed, transaction fees, and supported currencies may vary.

In this article, we have curated a list of the top forex brokers that accept UnionPay deposits. These brokers offer competitive spreads, secure funding through UnionPay, and solid regulatory oversight. We have also reviewed their licensing, supported platforms, pros, cons, and other relevant features. By comparing these brokers, you can select the one that best suits your trading needs and preferred deposit method.

A list of Top 5 Brokers that Accept UnionPay

• Pepperstone
• Blackbull
• IC Markets
• Eightcap
• Tickmill

Best Brokers for UnionPay (Compared and Reviewed)

Pepperstone

Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is an Australian-based forex and CFD broker that offers online trading services globally. The broker has offices in Melbourne, London, Düsseldorf, Dubai, Limassol, Nassau, and Nairobi. Pepperstone gives you access to trade more than 1,200 forex/CFDs on its powerful platforms: MT4, MT5, cTrader, and TradingView. With its technological infrastructure, Pepperstone offers lightning-speed executions, multiple trading tools, and low trading fees. It is regulated in seven jurisdictions and boasts over 400,000 clients from all over the world. 

Key Features:

• Trading Instruments: 1250+Trading instruments including Forex, Commodities, Cryptocurrencies, Shares/Stocks CFDs, etc 
• Maximum leverage: 1:30 for retail traders of ASIC, CySEC, FCA, and BaFin jurisdictions, 1:200 for SCB Jurisdiction, 1:400 for CMA Jurisdiction, and 1:500 for professional traders. 
• Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement. 
• Account Types: Two ( Standard account, Razor Account) 
• Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip. 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros:

• Pepperstone is regulated in 7 reputed jurisdictions, including FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA, and SCB in the Bahamas.
• Fast order execution is ensured with an average of 30 milliseconds.
• Competitive spreads starting from 0.0 pips are offered.
• Clients’ funds are segregated with tier 1 banks for added security.
• There are no inactivity fees associated with the platform.
• Attractive trading conditions are provided.
• Pepperstone offers over 1200 trading instruments for diverse investment opportunities.
• The platform facilitates fast and complete online account opening.
• MT4 Smart Trader Tools, Autochartist, Capitalise.ai, and free VPS are among the trading tools available for users.

Cons:

• US Traders are not allowed 
• Only CFDs are Offered 
• No cent/Micro Account 
• The minimum recommended deposit is $ 200
• Support works only 24/5  
• Limited account protection for non-U.K./E.U. clients
• No guaranteed Stop-loss 
• 30-day expiry for demo accounts

BlackBull

Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman, BlackBull is a forex and CFD broker that enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided. 

Key Features

• Trading Instruments: 26000+Trading instruments including  
• Forex, Commodities (Energies, Metals), Equities, Indices, Metals, Futures (Agriculture, energies, Indices, others), and Cryptocurrencies 
• Maximum leverage: up to 1:500
• Minimum Deposit: Minimum deposit is as low as $0
• Account Types: Three ( ECN Standard, ECN Prime, ECN Institutional) 
• Trading fees (spreads and commissions): Depends on account types. The minimum spread is 0.0 pips for the ECN Institutional account, US$6.00 per lot for the ECN Prime account, and $0 per lot for the ECN Standard account.
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros:

• Regulated by  FMA, FSPR, FSP, FSA-S
• Founded in New Zealand and operating globally
• Professional and Retail Trading options 
• No Minimum Deposit Requirement ($0) 
• The Maximum Leverage is as  high as 1:500
• Allow Scalping, News Trading, EA/Robot Trading 
• Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
• Supports multiple third-party copy trading platforms, such as ZuluTrade, DupliTrade, and Myfxbook.

Cons:

• BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
• $2,000 minimum deposit for Prime Account
• The Ctrader platform is not offered 
• Withdrawal fees 
• Limited Research Tools 
• Not very diverse range of tradable assets

IC Markets

Founded in 2007 by Andrew Budzinksi, IC Markets is an Australian-based forex and CFD broker offering trading services to institutional and retail traders worldwide. The broker offers 2250+ trading instruments including  Forex, commodities, indices, bonds, stocks, futures, and cryptocurrencies. Over the years, the broker has improved in quality and services. It offers true ECN trading with low spreads, high leverage, and fast executions to a global clientele. 

Key Features:

• Regulations: ASIC, CySEC, and FSA
• Trading Instruments: 2150+ including  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies
•  Minimum Deposit: $200 or Equivalent
• Maximum leverage: up to 1000:1 in FSA jurisdiction, in some countries, it offers 500:1 leverage, for ASIC, and CySEC entity the brokers offers up to 1:30 leverage.   
• Account types: Standard Account and Raw Account (Metater, Ctrader) 
• Fees:  Spread starting from 0.8  pips for Standard Account or 3.00 to 3.50 per lot for Raw Account on a single Trip. 
• PAMM/ MAM:  Not Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros

• Fully Regulated broker, ( One tire-1 , jurisdiction, one tire-2 jurisdiction) 
• Super fast trade execution speed 
• Straightforward registration process 
• Low spread, starting from 0 pips. 
• Easy and Fast Account Opening 
• Free deposit and withdrawal 
• Offers standard and raw spread account
• Trading EA is Allowed 
• Ability to trade from a mobile device 
• A demo Account is available

Cons

• Higher minimum deposit 
• No investor protection for non-EU Clients 
• Limited Product Selection 
• No weekend Trading 
• US Traders are not accepted

Eightcap:

Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation.

Key Features:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
• Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.  
•  Minimum Deposit: $100 or Equivalent
• Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account 
• Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pros:

• Regulated by ASIC, FCA, VFSA 
• The Maximum Leverage is as high as 1:500
• Offers passive investment programme(MAM, PAMM accounts) 
• No Deposit/Withdrawal Fees
• Easy To Open An Account
• Scalping and EA Trading are allowed 
• 100+ Crypto CFDs available

Cons:

• Minimum deposit is $100
• No Investor Protection for non-EU Clients
• The Broker is not regulated by FCA UK 
• Conditions and trading costs vary according to the entity
• Hedging is not allowed with the ASIC entity
• No joint accounts, copy trading, referral program, or other options for passive income

Tickmill

Co-founded by Ingmar Mattus, Illimar Mattus, and Nikolai Nikolajenko in 2014, Tickmill is a forex and CFD broker that offers online trading services to traders and investors worldwide. The current CEO of Tickmill is Sudhanshu Agarwal. The company has offices in the UK, Cyprus, South Africa, Seychelles, and Malaysia. Tickmill offers trading services in forex, stock indices, commodities, cryptocurrencies, bonds, and stocks. The company provides its services to both institutions and individual clients worldwide. Tickmill is regulated by top regulatory authorities including FCA, CySEC, FSA, FSA (Labuan), and FSCA. The broker offers a wide range of trading platforms and tools including MT4, MT5, WebTrader, an economic calendar, VPS, Capitalise.ai, a forex calculator, and more.

Key Features

• Trading Instruments: A wide range of trading instruments including  Forex, Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
• Maximum leverage: The maximum default leverage is 500:1. However in some countries or tradable assets the broker offers 1000:1 leverage. 
• Minimum Deposit: $100 or equivalent for all account types. 
• Minimum Withdrawal: $25 or equivalent. 
• Trading Fees: Spreads start from 1.6 pips for the Classic Account (no commission). The Raw Account has a spread of 0.0 pips with a commission of $3 per lot per side.
• Account Type: Two ( Classic Account, Raw Account) 
• PAMM/ MAM: Available
• Scalping: Allowed 
• News Trading: Allowed 
• EA/ Robot: Allowed

Pros

• Regulated by FCA, CySEC, FSA, FSA-S, FSCA etc 
• The Maximum Leverage is as high as 1:500
• Spread starts as low as 0.0 Pips 
• Fast and Easy Account Opening 
• Allows scalping, EA/Robot trading, news trading
• Offers MAM account for passive investors 
• No fees for Deposit and Withdrawal

Cons

• You can not deposit less than $100. 
• Does not offer popular trading platforms like MT5, cTrader, Tradingview etc
• No Proprietary Trading Platform Offered
• PAMM Account is not offered 
• No cent account for beginners 
• The minimum deposit of a VIP account is $50000

Can I trust these UnionPay Forex Brokers?

Yes, you can trust these UnionPay Forex Brokers. Brokersway recommends brokers based on facts and findings. We evaluate brokers based on 170 data points grouped into 6 macro categories including regulations and security, fees, Trading experience, trading tools, customer support, and trading education. Multiple regulatory authorities regulate these brokers. So they are legit and trusted. Here are the regulations of these brokers

• Pepperstone: Regulated by 7 regulatory authorities including FCA, ASIC, CySEC, BaFin, DFSA, CMA, and SCB
• BlackBull Markets: Regulated by 2 Regulatory Authorities, including FMA, FSA-S
• IC Markets: Regulated by 3 Regulatory Authorities including ASIC, CySEC, FSA-S
• Eightcap: Regulated by 5 Regulatory Authorities including ASIC, FCA, CySEC, SCB, and FSASVG
• Tickmill: Regulated by 6 Regulatory Authorities including CySEC, FCA, DFSA, FSCA, FSA- Labuan, FSA-S

How Did We Select These UnionPay Forex Brokers?

To select the best UnionPay forex brokers, we follow the procedures below.

Research:

To choose the best UnionPay forex brokers, we conducted extensive research, focusing on the spreads, features, services, and regulations associated with each broker. We analyzed market trends, broker offerings, and user feedback to understand what traders value most. This comprehensive approach allowed us to build a solid foundation for our evaluations.

Data Collection:

We gathered data from various reliable sources, including official regulatory bodies, broker websites, and reputable financial news platforms. This data encompassed key metrics such as trading fees (spreads, commissions),  available assets, leverage options, and client support services. Additionally, we considered user reviews and testimonials to gauge trader satisfaction and experiences.

Verification:

After collecting data, we verified the information to ensure accuracy and reliability. This step involved cross-referencing details from multiple sources, including regulatory websites and independent reviews. By ensuring that our data is accurate, we aim to present an honest assessment of each broker’s strengths and weaknesses.

Live Testing:

We conducted live testing of the shortlisted brokers to provide a real-world perspective. This involved opening demo accounts and executing trades to evaluate the trading platforms, order execution speed, and customer service responsiveness. Our live testing process allowed us to assess each broker’s performance under actual market conditions, providing valuable insights into their functionality.

Scoring:

Finally, we scored each broker based on a set of criteria, including regulatory compliance, trading costs, platform usability, available trading instruments, customer support, and overall user experience. Each category was assigned a specific weight, reflecting its importance in the trading process. The scores helped us rank the brokers, ensuring that our recommendations align with the needs and preferences of traders who want to trade with UnionPay forex brokers. 

Final Verdict:

Forex traders opt for payment options that offer speed, safety, and convenience. UnionPay is one of the largest card payment networks in the world, especially dominant in China and across Asia. It offers a secure and convenient payment solution for traders who prefer to fund their forex accounts using a locally issued UnionPay debit or credit card. With growing global adoption, several international brokers now support UnionPay as a trusted deposit and withdrawal method.

UnionPay is ideal for traders in mainland China, Hong Kong, and Southeast Asia, offering fast transaction processing, multi-currency support, and strong fraud protection. For traders looking for local funding convenience with international trading access, UnionPay is a reliable and increasingly accessible option.

Based on our research and broker trust rankings, here are some of the best forex brokers accepting UnionPay:

• Pepperstone: Top-Tier Regulated Broker Supporting UnionPay.
  Pepperstone allows UnionPay card deposits through selected payment gateways for clients in Asia. Regulated by FCA, ASIC, CySEC, DFSA, and others, it provides access to MT4, MT5, cTrader, and TradingView with deep liquidity and fast execution.
  
• BlackBull Markets: Reliable ECN Broker with UnionPay Access.
  BlackBull accepts UnionPay card funding in supported regions, offering fast processing and secure payment handling. Regulated by FMA and FSA, it delivers ECN trading with institutional-grade execution and full support for MT4, MT5, and TradingView.
  
• IC Markets: Popular Raw Spread Broker Accepting UnionPay.
  IC Markets supports UnionPay for deposits through its Asian payment channels. Regulated by ASIC, CySEC, and FSA, it offers raw pricing, ultra-fast execution, and robust infrastructure for scalpers, day traders, and algorithmic trading systems.
  
• Eightcap: Tech-Driven Broker Accepting UnionPay.
  Eightcap enables UnionPay deposits for traders in Asia through supported payment systems. Regulated by ASIC and SCB, it offers a wide range of instruments across forex, crypto, and indices with access to MT4, MT5, and TradingView.
  
• Tickmill: Trusted Low-Cost Broker Supporting UnionPay.
  Tickmill allows UnionPay deposits for selected countries in Asia. With regulation from FCA, CySEC, FSCA, and FSA, Tickmill is known for tight spreads, fast execution, and strong support—making it ideal for traders who prioritize low costs and reliability.
  

Each of these brokers supports UnionPay with varying regional coverage, deposit limits, and transaction speeds. Most also provide demo accounts to allow users to explore trading platforms and test the deposit process before going live.

In short, when choosing the forex brokers that accept UnionPay, you should consider key factors such as the broker’s regulatory status, transaction fees, processing speed, and overall reputation. UnionPay is a widely used payment method, especially in Asia, offering secure and convenient transactions for forex traders. We’ve identified reliable brokers that support UnionPay for deposits and withdrawals. You can select any broker from the list that matches your trading needs and enjoy fast, safe, and hassle-free payments through UnionPay.