China Union Pay processing is available for forex again

FXOpen just announced that China Union Pay is once again available for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term processing. China Union Pay, one of the only available methods of processing forex deposits from China, unexpectedly suspended processing of forex deposits on October 2011. The official announcement mentioned that this suspension should last only a month but we estimated that this would be the end of this method as Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term is not allowed in China. Luckily for forex brokers however the suspension only lasted 3.5 months.

Dear FXOpen Customer,

February 9, 2012. FXOpen, one of the world’s leading FOREX brokers, is pleased to announce that we resume accepting Credit/Debit cards deposits via China Union Pay.

China union deposits are available via MyFXOpen back office area, Add Funds > China Union Pay.

Conditions for China Union Pay deposits and withdrawals are as follows:

Fees for deposit – 3.15% + 0.50 USD

Minimum for deposit - USD 1.00;

We do not process withdrawals via the China Union Pay system. For amounts over USD 100 withdrawals are possible via bank wire transfer. For amounts under USD 100.00 withdrawals are possible to any other payment system accepted by FXOpen.

You may only withdraw after 30 days since your China Union deposit.

Minimum withdrawal amount – USD 1.00.

Read more about China Union Pay deposits and withdrawals in FXOpen CRM.

We are happy to announce this much-anticipated news to our clients. China Union Pay is greatly favored by Forex traders in Asia due to its reliability and high security standards. FXOpen continues working on extending the list of available payment options in order to bring you more secure, fast and convenient ways to fund the account.