CashU
Updated:
A legacy MENA prepaid method — superseded by local cards, bank transfers and regional wallets.
Brokers supporting CashU
EXNESSRead review- Low spreads
- Very fast trade execution
UFXRead review- No specific advantages are documented for UFX.
CashU was a prepaid online payment method built for the Middle East and North Africa at a time when card penetration in the region was low and cross-border card payments frequently failed. Users bought a voucher with cash and spent the balance online, which made it one of the few ways to pay a foreign merchant without a bank account.
Current status
It no longer functions as a live funding route for trading accounts, and it does not appear in active broker cashiers. The gap it filled has been closed from several directions: local debit-card issuance across the Gulf and North Africa, domestic instant-payment schemes, and regional wallets that handle cross-border payments directly. Where the name survives on a broker's site, it is historical content.
What MENA traders use instead
- Local debit cards. Now widely issued and accepted for broker deposits, with the usual caveat that the issuer decides whether payments to financial merchants go through.
- Bank transfer. Slower, but it handles large amounts and is the route most brokers use for withdrawals above the card-refund limit anyway.
- Established wallets where the broker supports them, for faster payouts than a cross-border wire.
Which of these exists for you depends on your country and your broker's licence, and the live cashier of a funded account is the only place that answer is accurate. A broker's marketing page lists everything it supports anywhere.
The point about prepaid methods
Voucher and prepaid methods share a structural problem with trading accounts: they are one-directional. Money goes in, and there is no path back out, so withdrawals have to leave by a different route that must be separately verified. Whenever you fund an account with a one-way method, set up and verify the withdrawal route the same day. Doing it later, under the pressure of wanting money out, is where the delays and the frustration come from.