Chine UnionPay

China UnionPay and UnionPay refer to the same organisation. The company was founded in 2002 as China UnionPay and now trades internationally as UnionPay International; broker cashiers use both labels, sometimes on the same page, and payment processors are inconsistent about which they display.

Why both names appear here

This site's broker data was assembled from cashier listings across many brokers, and the two spellings arrived as separate entries. Rather than silently merge them and break the links pointing at each, both are kept, with the substance in one place. For how UnionPay deposits and withdrawals actually work at a broker, see the UnionPay page.

The one distinction that is real

The name is not the variable that matters; where the card was issued is. A UnionPay card issued by a mainland Chinese bank is subject to the annual foreign-currency conversion quota and to issuer restrictions on payments to financial and trading merchants, so deposits to an offshore broker are frequently declined for reasons neither the trader nor the broker can see. A UnionPay card issued in Hong Kong, Singapore or elsewhere carries neither constraint and behaves like an ordinary international card.

So when a broker lists "China UnionPay", it is not signalling a separate product or a different fee schedule. It is describing the same network, and the practical questions are the ones that apply to every card: which bank issued it, whether the issuer permits the merchant category, whether the name on the card matches the trading account, and whether withdrawals return to the card as a refund or leave by bank transfer.

Checking before you deposit

Open the cashier of the specific broker account you hold, in your own country, and read what it offers there. Marketing pages list every method the broker supports anywhere; only the live cashier shows what is available to you.