GlobePay Binary Options Brokers

GlobePay is a payment gateway used by some binary brokers and active traders. This guide will provide traders with comprehensive information on how transactions work, as well as a review of how GlobePay deposits and withdrawals are priced, including limits and additional charges.

We’ve also listed the top binary options brokers that accept GlobePay deposits. We confirmed each provider below accepts GlobePay by either logging into their payments portal or by speaking to customer support staff.

Binary Brokers with GlobePay

List of Binary Options Brokers that Accept GlobePay

	Broker		Min Deposit	Expiry Times
	Pocket Option		$5	3 seconds - 1 month
	IQ Option		$10	60 seconds - 1 month

Best Binary Options Brokers

Top Broker Visit

How GlobePay Works

Anna Hu founded the payment channel in 2018 as a link between UK businesses and the fast-growing Chinese consumer base through apps like WeChat AliPay, and WeChat Mini Program.

The brand has since worked with thousands of businesses, including several GlobePay binary options brokers.

The company has come up with a range of solutions for online and in-store payments to assist in a globalized world where cross-border transactions have been rapidly rising.

Transfer options include payment via an e-wallet connected to an app as well as an online payment API.

GlobePay essentially connects users’ e-wallets (WeChat Pay or AliPay) to their binary brokers so they can make deposits and withdrawals and trade. The e-wallet can be funded by various debit or credit card accounts.

Transaction Times

Like most e-wallets, GlobePay supports near-instant transactions. This means that, as long as your binary broker supports fast deposits, funds from your e-wallet will go directly to your live account so you can begin trading straight away.

Withdrawals usually take longer, as most GlobePay binary brokers require time to verify a trader’s identity and returns. This usually takes several working days, but it can sometimes take longer.

Contact the customer services helpline via their phone number or email if your withdrawal is taking longer than the period listed on your binary broker’s website.

Pricing Review

A benefit of using the transfer solution for binary trading is that most supporting platforms we’ve evaluated do not charge any additional fees for using the payment method.

Binary options brokers usually impose their own minimum deposit and withdrawal requirements.

Safety

The firm’s privacy policy states that it maintains physical, electronic, and procedural securities that comply with the appropriate regulations to guard non-public personal information.

Once you are logged in, internet communication is secured using the Secure Socket Layer (SSL), meaning your details are safe.

For added security, keep your login information safe and avoid any suspicious messages or emails. Some binary traders have fallen victim to phishing or fraud scams after being contacted by criminals posing as their bank or online broker.

Also be wary of any payment links received via WhatsApp or iMessage claiming to be from GlobePay binary brokers. Only use payment links directly from your broker’s web address.

Regulation

GlobePay is a brand name used online by different payment providers and websites. The regulatory status depends on the legal entity actually providing the payment service to you – for example, the domain shown during checkout and the entity on your receipt/bank statement.

You can verify GlobePay’s licensing in key jurisdictions using official registers:

• United Kingdom: FCA Financial Services Register — GlobePay Limited (official register entry)
• United Kingdom: Companies House — GlobePay Limited (Company No. 11399473)
• United Arab Emirates: Central Bank of the UAE — Licensing & Register search (official CBUAE page)
• United States: FinCEN MSB Registrant Search — look up Money Services Business registrations
• Hong Kong: Customs & Excise Department — Money Service Operators (MSO) licensee search
• Japan: Payment Services Act (English translation) — the law governing key payment services
• Japan: Financial Services Agency — lists of licensed/registered financial institutions (official FSA page)

Just because GlobePay (or a related payments entity) may be regulated, this does not mean your binary options broker is authorized by the same regulator.

Pros Of Using GlobePay For Binary Trading

• When you pay a deposit, bill or a fee using GlobePay, you will not need to input your banking details into a binary broker’s website. This adds an extra layer of security since you will not need to share sensitive information. You may need to include other details, however, such as your name and contact number.
• Once you set up an online account and find binary options brokers that accept GlobePay deposits, it is an easy payment method to use.

Cons Of Using GlobePay For Binary Trading

• There is a limited list of binary options brokers that accept GlobePay deposits and withdrawals from our multiple rounds of checks over the years.
• The brand’s customer support team does not have a great response rate, which may cause problems if you’re looking to quickly fund an account and start trading.

How To Make GlobePay Deposits & Withdrawals To Binary Accounts

1. Open a GlobePay account: Sign up. You can do this via the website or you can download the mobile app. You may need to enter your bank account and card details, including the long card number and expiry date.
2. Deposits: Once registration is complete, there are multiple ways to make a deposit, but generally they will follow a similar pattern. Navigate the payments dashboard on your binary options broker’s website to make a deposit. Press e-wallet, then GlobePay. Next, follow the on-screen instructions, which will typically include inputting account details. You can also make deposits via the app – check whether the binary options broker has a QR code to scan.
3. Withdrawals: The withdrawal process is easier as the binary options broker is the sender of funds. Simply load up the brokerage’s website and request a withdrawal via GlobePay. That said, if it’s your first withdrawal – your broker may need to verify your identity which can slow down payments.

Bottom Line

GlobePay is a strong payment service for binary options traders who frequently use Chinese social media channels and payment apps. The transfer system has gained a following and become accepted by many merchants, including several GlobePay binary brokers.

This is likely because of its up-to-date security features, high transfer speeds, and ease of use.

More established payment options may be more widely available, but if your favored binary options brokers accept GlobePay deposits, it could be worth considering.

Use our list of the best binary options brokers that accept GlobePay deposits to start trading.

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