Below you find a list of the best binary options brokers that allow deposits and withdrawals by Flutterwave:
Binary Brokers with Flutterwave
About Flutterwave
Flutterwave is a fintech powerhouse that collaborates with financial institutions to furnish them with seamless payment infrastructure. Founded in Nigeria by Iyinoluwa Aboyeji and Olugbenga Agboola (the incumbent CEO) in 2016, it quickly emerged as a prime payment gateway for binary options traders throughout Africa.
While the company’s primary base is in San Francisco, it is vibrantly operational in over 10 African nations, such as Nigeria, Ghana, Kenya, and South Africa. Flutterwave’s creation was driven by the challenges Africans faced in executing monetary exchanges. For instance, popular payment methods like PayPal are inaccessible in Nigeria, necessitating an alternate solution.
Prominent businesses like Uber, Booking.com, and Microsoft, among many others, have adopted Flutterwave as their trusted payment channel. The platform is also gaining traction among binary options brokers.
Flutterwave’s core offerings are Barter and Rave:
- Barter facilitates online transactions between individuals, be it domestic or international.
- Rave, tailored for businesses, empowers them to effortlessly accept global payments.
This versatile payment system supports over 150 currencies, such as USD, GBP, EUR, Yuan, and Naira. This versatility has enticed an increasing number of binary options brokers to integrate Flutterwave for deposits, expanding their reach to more nations.
Transaction Times: Comparable to renowned e-wallets like PayPal or Neteller, Flutterwave boasts swift transaction capabilities. Still, the actual transaction pace also relies on the respective bank and broker, which could cause potential delays.
Pricing: The cost implications of employing Flutterwave for binary options vary per broker. While some might absorb the transaction cost, others could transfer it to traders. Charges differ based on the broker’s operational location, with different rates for domestic and international transactions.
Security: Flutterwave prioritizes user security, complying with PCI-DSS Level 1 standards, indicating top-tier security measures. Additionally, with a Money Service Operator’s License and ISO certification, it guarantees a fortified payment ecosystem, further enhanced by two-factor authentication.
Pros:
- Supports a vast array of currencies.
- Highly secure, thanks to PCI-DSS Level 1 certification and 2FA.
- Swift transaction capabilities.
- Convenient mobile application.
Cons:
- Possible transaction fees.
- Limited global availability.
- Some users have reported sporadic customer support issues.
How to Execute Transactions: For both deposits and withdrawals, traders should first check the broker’s criteria and guidelines. Making a deposit is straightforward: select ‘Flutterwave’ in the payment section, choose the desired currency and amount, and proceed.
Verdict: Flutterwave stands out as a modern, efficient payment solution, comparable to the likes of PayPal. It’s an excellent choice for binary options traders due to its rapid and secure transaction facilities. However, it’s vital to ensure its availability in your region and be cautious of potential fees.
For those interested in binary options brokers that accept Flutterwave, a detailed list with associated features is recommended.