UnionPay Forex Brokers, are fx brokers that allow their chinese clients to deposit and withdraw funds using the UnionPay payment method.
UnionPay is a payment method used the most by Chinese forex traders. UnionPay is more than just the only domestic bank card organisation in China. It is a national association and the primary card network for the entire bank sector in China. It is also the only interbank network in China that links all ATMs and banks throughout mainland China. In other words, UnionPay in China is the same as Visa to the rest of the world.
As forex trading is restricted in China, Chinese traders use UnionPay to fund their trading accounts avoiding the direct controls imposed on bank wire transfers. Other similar payment methods are Dotpay and Webmoney.
Here is a list of forex brokers that allow their traders to use UnionPay
MAS, JFSA, DIFC