- Binary Brokers with PayTrust88
- About Paytrust88
- How It Works
- Transfer Times
- Pricing Review
- Pros Of Paytrust88 Binary Options Brokers
- Cons Of Paytrust88 Binary Options Brokers
- How To Make Paytrust Deposits & Withdrawals To Binary Options Accounts
- Verdict On Paytrust88 Binary Options Brokers
- How Do Paytrust88 Binary Options Deposits Works?
- Is It Free To Deposit To Binary Options Accounts With Paytrust88?
- Can I Make Deposits To Paytrust88 Binary Options Brokers From My Mobile?
- Are Paytrust88 Binary Options Brokers Trustworthy?
- Binary Brokers with PayTrust88
Paytrust88 allows binary options brokers to accept deposits from traders in South East Asia. The service essentially provides firms with a secure and easily-integrated payments platform, which is available for traders to utilize with local bank accounts.
This guide will explain how to make payments to binary options brokers that accept Paytrust88 deposits. We also cover typical fees, plus deposit and withdrawal timelines. Use our list of Paytrust88 binary options brokers below to start trading.
Binary Brokers with PayTrust88
Paytrust88 Limited was established in 2016 and is now a widely recognized transfer solution in South East Asia. Accepted countries include Malaysia, Thailand, Indonesia, China, Vietnam, and South Korea.
Importantly, many binary options brokers are shifting towards local payment providers to reduce barriers to entry for potential traders. Paytrust88 can do just this, acting as an intermediary between online brokers and traders, facilitating low-cost and secure deposits.
How It Works
Paytrust88 allows binary options brokers to accept payments from customers using their existing banking credentials. Users can pay in several accepted currencies including the South Korean won, the Malaysian ringgit, and the Chinese yuan (renminbi).
The payment gateway uses a secure, encrypted platform. Traders can also pay from a bank account of their choice, meaning no additional registrations are required.
The service is compatible with multiple devices, meaning you can make deposits to Paytrust binary options brokers from mobiles and tablets, as well as desktop computers.
Paytrust88 is a relatively fast deposit option. GC Option, for example, provides Paytrust deposits in 15 minutes.
But while many binary options brokers process deposit requests almost immediately, the time taken for funds to clear can vary between local banks. Weekend dates and public holidays can also cause delays.
Withdrawal timelines are often longer. GC Option, for example, processes Paytrust88 withdrawals within three working days.
Again this is bank-dependent and can vary based on whether the trading platform needs to complete identity verification checks before releasing funds.
As you do not have to open an account, and can use your existing online banking information, there are no fees to register for a Paytrust profile.
Leading binary options brokers that accept Paytrust88 deposits also offer fee-free account funding. Withdrawal fees, however, can vary between Paytrust88 binary options brokers. Some trading platforms absorb transaction costs whilst others may charge a small percentage of the transaction value.
GC Option, for example, does not charge for Paytrust88 deposits but will not cover third-party withdrawal fees. These charges will fluctuate depending on the receiving bank.
Note, traders may also be liable for currency exchange rates when making deposits and withdrawals to and from Paytrust binary options brokers.
The Paytrust88 gateway uses encryption technology to secure customer data and transaction details. However, the payment service does not offer additional security protocols, such as two-factor authentication (2FA) and one-time passwords (OTPs).
Traders should also make sure they sign up with recommended Paytrust88 binary options brokers. This will help aspiring investors avoid scams and fraudulent providers.
Pros Of Paytrust88 Binary Options Brokers
- Deposits to binary options brokers that accept Paytrust88 are normally fee-free
- Convenient payment solution for Asian traders who can use local currencies
- There is no need to register for a separate Paytrust88 profile. Payments can be made directly from your existing bank account, including Maybank and CIMB
Cons Of Paytrust88 Binary Options Brokers
- A limited number of binary options brokers accept Paytrust88 deposits and withdrawals
- Banking credentials must be inputted to use the payment gateway, which increases the risks of fraud and scams
- Binary traders outside of Malaysia, Thailand, Indonesia, China, Vietnam, and South Korea will be unable to use the solution as integrated banking services will not be available
- Paytrust88 provides limited customer service options for end users like traders. Instead, the firm primarily offers customer support to merchants, such as online brokers. As a result, traders will need to contact their binary options platform if they encounter deposit or withdrawal issues
How To Make Paytrust Deposits & Withdrawals To Binary Options Accounts
Firstly, you need to make sure that your binary options broker accepts Paytrust88 deposits and withdrawals. Look out for the yellow logo in your brokerage’s cashier portal. Alternatively, head to our list of the best Paytrust88 binary options brokers.
To make a deposit:
- Log in to your trading account with your registered credentials
- Visit the deposits and withdrawals area
- Select ‘Paytrust88’ and choose your registered bank
- Enter your banking credentials in the pop-out window
- Input the deposit amount
- Review the details
- Confirm the payment
Withdrawals work similarly, though you may need to provide a copy of your ID if requesting
a payment for the first time. Also check for any minimum and maximum withdrawal limits.
Verdict On Paytrust88 Binary Options Brokers
Paytrust88 is a legitimate, low-cost and relatively fast payment solution. The benefit of no additional sign-up requirements and acceptance of local currencies also make it a top contender for traders in South East Asia. Having said that, there is still a limited number of binary options brokers that accept Paytrust deposits.
To get started, use our table of the top Paytrust binary options brokers in 2023.
How Do Paytrust88 Binary Options Deposits Works?
Paytrust88, also known as Paytrust, acts as an intermediary between binary options brokers and individual traders. The payment gateway facilitates transfers directly from local bank accounts in currencies native to South East Asia, including the South Korean won, the Malaysian ringgit, and the Chinese yuan (renminbi).
Is It Free To Deposit To Binary Options Accounts With Paytrust88?
The top binary options brokers that accept Paytrust88 deposits, including GC Option, cover any transfer charges. However, investors may need to pay withdrawal fees when taking profits from trading platforms. This will either be a fixed commission per transfer or a percentage of the transaction value.
Can I Make Deposits To Paytrust88 Binary Options Brokers From My Mobile?
Paytrust88 does not have a mobile app, however, the transfer solution is compatible with many merchant’s services, meaning you can make deposits to supporting binary options brokers from a desktop or mobile device.
Are Paytrust88 Binary Options Brokers Trustworthy?
Paytrust88 is a legitimate online payment solution that uses secure encryption technology. Having said that, it is also important to sign up with a reliable and trustworthy binary broker to avoid scams. See our ranking of the best Paytrust88 binary options brokers to find a reputable platform.