Ukash Binary Options Brokers

Below is a list of recommend binary options brokers that allow deposits by Ukash:

Ukash is a UK based e-money payment services provider that allows users of the system to exchange their money for a pin number. The system of payment mode is very similar to that used by the European e-money payment services provider paysafecard. With the pin number, users of Ukash can use the pin number for making payment online, load eWallets or debit cards and to transfer money. Because the system relies on a pin number to transfer funds, there is no need for bank account or credit card details to be divulged online.  This gives users of Ukash an added form of security against identity theft.

UKash Logo

When a customer purchases e-money from Ukash, they are given a 19 digit pin number which will represent the amount of prepaid e-money they possess. Customers can then use the pin number to make payment or transfer funds at any of the 420,000 participating outlets spread across more than 55 countries. As mentioned earlier, Ukash can also be used to fund other eWallets system such as Skrill moneybookers, Neteller and PayPal.

Reliability

Because of the relative anonymity which Ukash offers, Ukash pin numbers are highly demanded by fraudsters and scammers. This had lead to the Ukash issuing an advisory to its customers in 2012 to remind them to keep their Ukash pin number safe like cash as each numbers is unique. To further boost their safeguards, Ukash’s merchants are now required by the Financial Conduct Authority (FCA) to implement the “Know Your Customer” (KYC) protocol before accepting Ukash as payment. Customers are also advised only to deal with the list of genuine participating merchants listed on Ukash official website. Furthermore tips as to how to avoid scams and ransom-ware with Ukash can be obtained on Ukash’s supported website “Avoidonlinescams.net”.

Despite some of the negative publicity surrounding Ukash due to scams and ransom-ware, it cannot be denied that Ukash is gaining popularity among users of online payment system. In fact Ukash won a Queen’s Awards for Enterprise for three consecutive years since 2010. The award recognizes UK based companies which had substantial growth and success in their overseas earnings.  Furthermore Ukash is ranked by The Sunday Times Tech Track 100 as one of the top performing companies in its list. Because of Ukash growing acceptance as a major method of online payments, major binary brokers continue to support Ukash as one of the preferred methods of depositing funds. Below is a list of leading binary brokers that continue to include Ukash as an alternative for transferring money to the traders’ trading account: