Exclusive: FXGate Integrates CASHU for Deposits, Withdrawals

FXGate, an FX and CFD broker, has inked a deal with CASHU, expanding its deposit and withdrawal methods for its clients in the Middle East and North Africa (MENA) region.

Sharing exclusively with Finance Magnates, the Malaysian-broker pointed out that this integration has put the total number of deposit and withdrawal methods on the platform to up to 10.

Earlier this year, the brokerage platform also added Tether as a mode of deposit, enabling its clients to trade FX, precious metals, energies, and indices against the digital currency.

Commenting on the partnership, Abdallah Garib, chief executive of FXGate, said: “CASHU is another secure, reliable and trustworthy payment source added alongside the many deposit/withdrawal methods already offered by FXGate, alongside Tether deposits, Ali Pay, Foloosi, and of course our local UAE bank account at First Abu Dhabi Bank.”

Serving clients in the MENA region

Based in Dubai, CASHU offers online prepaid payment facilities across the MENA region.

The integration of CASHU will enable FXGate clients to make deposits to their accounts using vouchers purchased from its physical partner stores with cash.

Founded in 2018, FXGate is registered in Malaysia and is regulated by the Labuan Financial Services Authority (LFSA). Based on the MT4 platform, the brokerage offers a number of 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 trading pairs and also facilitates the trading of precious metals, energies, and indices.

“We recognize the many benefits of providing our clients with the flexibility of choosing their favored deposit and withdrawal option. We also strive to be one of the most transparent and secure brokers in the industry and therefore, provide enhanced security for our client funds with $1 million fund insurance,” Garib said.