Exclusive: FXOpen targets MENA forex traders with CASHU payments
FNG Exclusive… FNG has learned that Retail FX broker FXOpen has taken a step to target forex traders in the greater MENA region by adding CASHU deposit and withdrawal options.
CASHU is a secure online payment method that was established in 2002 by Maktoob.com. In 2009 Yahoo! acquired Maktoob.com, thus turning Maktoob into Yahoo!’s official arm in the MENA region. CASHU is recognized as the first and the largest online payment vehicle in the MENA region, serving millions of consumers with accessible and easy solutions to pay online. It was designed for and customized to suit, serve and support online shoppers in all Arabic speaking and surrounding countries with secure, accessible and easy to use payment solutions, giving everyone the possibility to buy online without discriminating on income, nationality or banking contacts.
FXOpen sent out a note to clients indicating the following details about using CASHU:
– Currency: USD
– Payment Processing Time: instant
– Minimum deposit: $10
– Maximum deposit: $5000
– Deposit fee: 7% – but to celebrate the launch, clients can deposit for the time being for free, with 0% commission.
FXOpen is controlled by Belarusian-Latvian entrepreneur Aliaksandr Klimenka.