UnionPay International (UPI), or China UnionPay (CUP), is a payment provider popular with online brokers and traders. You may have spotted the tricolored logo on your brokerage’s website or at your local ATM, though it may not feel as familiar as Visa debit and credit cards.
The payment service offers multiple trading rewards and online shopping benefits, as well as QR code payments, which we will cover in this review. Learn more about trading with UnionPay and find out the advantages of adding a UPI card to your wallet. We also list the best brokers that accept UnionPay deposits in 2026.
Best UnionPay Brokers in Denmark
Following our evaluations, these are the top 6 brokers with UnionPay:
-
- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
73-89% of retail investor accounts lose money when trading CFDs -
- Demo account
- Regulator: FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms: MT4, MT5, TradingView, TradeLocker
71.28% of retail traders lose money when trading CFDs -
- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
-
- Demo account
- Regulator: FCA, ASIC, FSCA, VFSC, CIMA
- Min. deposit: $50
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- Demo account
- Regulator: FCA, CySEC, FSCA, FSC
- Platforms: WebTrader, UM Social, UM App, MT4, MT5
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- Demo account
- Regulator: FCA, CySEC, FSA, DFSA, FSCA
- Platforms: Tickmill Webtrader, MT4, MT5, TradingView
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- Pepperstone 4.8/5 Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels.
- Eightcap 4.6/5 Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
- Ultima Markets 3.9/5 Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
- Tickmill 4.0/5 Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Hundreds of thousands of traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors.
Compare The Best UnionPay Brokers
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
| Pepperstone | $0 | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView | 1:30 (Retail), 1:500 (Pro) |
| Eightcap | $100 | CFDs in Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, TradingView, TradeLocker | 1:30 |
| BlackBull | $0 | CFDs, Stocks, Indices, Commodities, Futures, Crypto | BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist | 1:500 |
| Vantage | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade | 1:500 |
| Ultima Markets | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | WebTrader, UM Social, UM App, MT4, MT5 | 1:30 (EU), 1:2000 (RoW) |
| Tickmill | $100 | Forex, CFDs, stocks, indices, commodities, cryptocurrencies, futures, options, bonds | Tickmill Webtrader, MT4, MT5, TradingView | 1:1000 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Pepperstone | 3712 | ||||
| Eightcap | 3908 | ||||
| BlackBull | 3519 | ||||
| Vantage | 15787 | ||||
| Ultima Markets | 991 | ||||
| Tickmill | 1193 |
Pepperstone
Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).
Christian Harris, Reviewer
Pepperstone quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting
- Regulator
- FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
- Platforms
- Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing and friendly agents knowledgeable about its products and trading tools.
- After adding spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools for financial spread bettors in supported countries.
- Offers a dedicated CopyTrading app for traders who want a less active approach to trading, available in some countries.
Cons
- Despite improvements to its range of markets, crypto CFD offerings are still fairly limited compared to other brokers who focus on this area, such as Eightcap, and there's no option to invest in real coins.
- Overnight holding fees are higher than that found with some Market Maker brokers (usually Benchmark + 2.5%). This makes pepperstone an ideal broker for day traders and forex scalpers but less suitable for swing traders who often keep position open overnight.
- Execution may not feel as reliable in fast markets as headline speeds suggest. In our own testing, execution was fast at desired prices, but some community complaints focus on slippage, stop-loss fills and spread-sensitive order triggers during volatile conditions.
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs in Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FCA, ASIC, CySEC, FSC, SCB, FSA
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- Eightcap added TradeLocker in 2026 for certain regions, marking it out as the best regulated TradeLocker broker, while still delivering Eightcap's ultra-fast execution and low fees for active traders on the charting software.
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, and more recently the 100-million strong social trading network TradingView.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
Cons
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
Cons
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
Vantage
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
- Regulator
- FCA, ASIC, FSCA, VFSC, CIMA
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
- Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
- It’s quick and easy to open a live account – taking less than 5 minutes
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
Ultima Markets
Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.
Jemma Grist, Reviewer
Ultima Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO
- Regulator
- FCA, CySEC, FSCA, FSC
- Platforms
- WebTrader, UM Social, UM App, MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD
Pros
- Pre-IPO stocks added, including Rocket Launch and LEO Satellite networks
- Education has been stepped up with the Academy, featuring 1,100+ articles
- Fast execution speeds averaging <20ms
Cons
- $20,000 minimum deposit required for the very best trading conditions
- Slow sign-up process compared to rivals
- Weak regulatory oversight through the offshore branch
Tickmill
Tickmill is a stellar choice for day traders, especially if you opt for the Raw account which delivers near-zero pip spreads and impressively fast order execution during testing.
Christian Harris, Reviewer
Tickmill quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, stocks, indices, commodities, cryptocurrencies, futures, options, bonds
- Regulator
- FCA, CySEC, FSA, DFSA, FSCA
- Platforms
- Tickmill Webtrader, MT4, MT5, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, ZAR
Pros
- When using the Raw Spread account, you’ll notice how tight the spreads are - sometimes even zero pips - paired with a transparent per-trade commission. This setup helps keep your overall trading costs low, which is a significant advantage when you’re making frequent trades and want to avoid hidden fees that cut into your profits.
- Based on our actual trading experience, Tickmill consistently processes orders quickly - averaging ~59 milliseconds - with very few instances of slippage or requotes. For a day trader, that means you can trust your entry and exit prices without worrying about delays that might cost you money in fast markets.
- Tickmill’s multiple licenses with authorities like the FCA and CySEC aren’t just paperwork - they translate to real-world benefits. Your money is kept separate in secure accounts, and the broker offers negative balance protection. In practice, this means you won’t be on the hook for more than you deposit, providing peace of mind when markets get volatile.
Cons
- Tickmill primarily focuses on forex pairs, select stock CFDs, indices, and a few commodities. If you like switching between many different asset classes, like crypto or a broader range of stocks, you’ll find the choices limited compared to brokers with thousands of instruments.
- If you’re used to cTrader’s modern layout and sophisticated order types, you’ll miss that here. Tickmill sticks with MetaTrader 4 and 5, as well as TradingView and its own proprietary platform, so there’s no cTrader option. This might slow down traders who rely on cTrader’s workflow or specific tools, such as cTrader Copy.
How Did We Choose The Best UnionPay Brokers?
To list the top UnionPay brokers, we:
- Determined which firms out of the 143 online platforms in our database offer UnionPay
- Confirmed that they accept UnionPay deposits and withdrawals for online trading
- Ordered them by their total rating, using hard data and our own testing observations
About UnionPay
Founded in 2002, UnionPay International is a subsidiary of China UnionPay, a financial services corporation headquartered in Shanghai. The company offers cross-border bank card schemes, merchant services, as well as convenient online services to cardholders. It is also a popular deposit and withdrawal option at day trading brokers worldwide.
Today, over 240 million cards have been issued overseas, accepted in 183 countries and regions.
The payment provider operates under the People’s Bank of China and is the only Chinese interbank network that connects all bank ATMs in the country. With both credit and debit cards combined, it is also the largest card payment system globally, outperforming Visa and Mastercard.
Pros Of Trading With UnionPay
Easy To Sign Up
You can register for a UnionPay card through one of the approved banks listed on its website in minutes. Once signed up, it is quick and easy to start making deposits and withdrawals at your trading broker.
Several foreign payment service providers offer UnionPay prepaid cards in areas beyond the Asia-Pacific region. For example, the company rolled out virtual prepaid cards in the UK to corporates and consumers. HSBC bank also offers a dual currency card for those who work or travel frequently in China. In the US, owners of ECARDs are allowed to apply for prepaid UnionPay cards online, as well as UPI Gift Cards.
Accepted Everywhere
UnionPay facilitates card acceptance at brokers in 183 countries, such as in Zimbabwe, the UK, Australia, New Zealand, Romania, Nigeria, Nepal, Malaysia, Canada, Portugal, Turkey, the United States (including New York), and the UAE. For cash payments, you can find accepted terminals by searching in the ATM locator on the payment provider’s website.
The organization also has alliances with over 2,600 institutions and banks around the world, including Discover in the USA, JCB in Japan, UOB, OCBC and DBS in Singapore, Hang Seng in Hong Kong, KTC and KBank in Thailand, Khan Bank in Mongolia, HSBC in the UK, BDO in the Philippines, BCA in Indonesia, HBL in Pakistan and many more.
When comparing UnionPay vs PayPak, the former has particularly impressive global coverage.
Convenience
UnionPay supports broker deposits and withdrawals in almost all currencies and also works with all mobile devices and computer browsers, making it more accessible than other contenders such as AliPay or WeChat Pay.
CUP is also offered as a convenient mobile app and supports QR code payments, as well as Google Pay and Apple Pay in some countries, such as Hong Kong.
Foreign Transactions
The firm partnered with MoneyExpress, a cross-border remittance service that operates in 57 countries and regions. MoneyExpress settles the exchange rate in advance and deposits the remittance back to the customer’s UnionPay account in RMB. This makes it a cost-effective way to fund your online trading account from abroad.
Rewards
If you already use Visa or Mastercard to deposit funds into your trading account, it could be worth signing up for a UnionPay card to reap the various promotions and local perks. Rewards have included:
- QuickPass (Asia, Russia, Australia) – Contactless mobile payments with rewards at various retail stores such as Watsons and KFC (including a KFC deal in Pakistan)
- Union Pay Prestige card – Cinema privileges including discounts on movies as well as a buy one get one free movie offer
- KTC Promotion (Thailand) – Discounts when you spend with a KTC Union Pay card at Big C supermarkets
- Union Pay UPlan – Cross-border discounts and downloadable e-coupons at various shopping outlets
- Union Pay HK Your Way (Hong Kong) – Cash coupons when you spend at participating stores
- Japan promotions – UnionPay users receive a variety of discounts and offers at selected retailers
- Union Pay Grab (Thailand) – Discounts when using GrabFood or GrabCar services
Cons Of Trading With UnionPay
The most notable downside is the limited number of brokers and banks at which you can apply for and trade with a UnionPay card.
It is also surprising that CUP is not yet accepted at one of China’s largest ecommerce services, AliExpress.
Additionally, whilst the payment network has extended to many countries in Asia, Europe and beyond, some areas do not yet present the UPI logo on broker’s websites and ATMs. In such cases, cardholders will need to inquire whether UnionPay cards are accepted.
Speed
Transactions are generally instant when you pay online using UnionPay but note that if you are using a prepaid card, it can take several days to transfer money beforehand. It is also worth noting that while most brokers process CUP deposits instantly, withdrawals can take longer. Some traders may may have to wait several days before receiving returns.
Security
As with other major payment processors such as Visa or Skrill, broker transactions via UnionPay are safe and secure. The company employs numerous security protocols including the UnionPay 3D Secure (3DS) online payment authentication solution. CUP QR code payments are also fully encrypted.
How To Deposit Using UnionPay
For the various forex and stock brokers that do accept UnionPay, such as Eightcap, funding is fast and easy. Make sure to check in advance with your broker what the minimum deposit amount is, especially if you’re using a prepaid card.
If you have deposited using UnionPay, withdrawals may need to be issued via the same account. Always make sure that the name and address on your ID documents are the same as your UPI registration details. It is also worth flagging that there may be overseas withdrawal limits with some brokers; you can check this by contacting customer support when you open an account and login.
Fees & Costs
Fortunately, many trading brokers offer fee-free payments via UnionPay, including IC Markets and Pepperstone.
For overseas spending, cross-border transaction fees may apply, as well as ATM commission charges. Note that international debit card commissions are usually lower. Conversion fees may also apply depending on the exchange rate used. This tends to be between 1% and 2% higher than the value of your purchases abroad.
In any case, it is best to check with your vendor or bank beforehand, as these fees vary from country to country.
Is UnionPay Good For Day Trading?
If you are a trader based in Asia, Russia or the US, you may already own a UnionPay card for your day-to-day spending, so it could be convenient to also utilize it for online trading. Using your UPI card to make deposits and withdraw revenue from your trading platform also comes with additional benefits, such as instant processing and secure payments.
However, given that UnionPay is still not widely accessible to consumers beyond the Asia-Pacific region, the payment service will not be offered by as many brokers as Visa, Mastercard or PayPal, for example.
FAQ
How Do I Use UnionPay At My Broker?
You can pay for goods or deposit into your trading account using your debit or credit card number and details. Look out for the UnionPay icon at your chosen vendor or broker.
Is UnionPay Accepted In Europe?
Yes, UnionPay cards are generally accepted in many European countries, including the UK, France, Germany, Spain and Italy. With that said, traders will need to check if their chosen broker accepts UnionPay deposits and withdrawals.
Where Is UnionPay Accepted?
UnionPay is accepted at online brokers in 183 countries including across Europe, Asia, Africa, the United States and the Middle East. Alternatively, see our list of brokers that accept UnionPay deposits.
Is UnionPay Safe To Trade With?
Yes, UnionPay uses various security systems to ensure customer transactions are safeguarded, both online and on mobile applications. This includes 3D Secure protocols as well as encrypted QR codes.