Best SafeCharge Brokers 2024

SafeCharge is a global technology company that acts as an omnichannel payment gateway allowing fast and secure transactions with numerous participating merchants, including some well-known UK trading brokers. SafeCharge has built a large roster of partner companies and added cryptocurrency functionality to its system, bringing excellent value to its new owner, Canadian payment giant Nuvei.

This guide will give traders the lowdown on this payment method, with information on its pros and cons, how it works, and how they can use it to fund their trading accounts with SafeCharge brokers. We also rank the best brokers that accept SafeCharge deposits and withdrawals.

About SafeCharge

SafeCharge Financial Services Limited was founded by Israeli businessmen Teddy Sagi and David Avgi in 2006. By the time this electronic payment service became listed on the London Stock Exchange (LSE) in its 2014 IPO, the company had revenues of $48 million.

By 2019, when the Canadian payment processing firm acquired SafeCharge for $889 million (£699 million at that time), the company had become a truly international payment gateway covering online, mobile and point-of-sale transactions. This was reflected by the 22% leap in share price on the day the firm’s founders announced the Nuvei deal.

As part of the Nuvei family, SafeCharge’s payment gateway has been fully transferred and integrated into the Canadian company’s system, and the brand’s web address now redirects to Nuvei’s site. Nonetheless, UK traders can still use the payment solution at leading SafeCharge brokers.

How SafeCharge Works

Rather than being a payment solution in its own right, SafeCharge acts as an intermediary between different payment methods. This can be useful in a globalised economy as it allows businesses, such as trading brokers, to successfully process transactions with international customers who use a payment method from their own country.

For example, when a Chinese trader visits an online brokerage in the UK, there might be an issue with the deposit if the business accepts Visa and Mastercard, but the customer wants to use the popular payment and social media app WeChat to make the transfer.

SafeCharge solves this problem by connecting all sides of the transaction and clearing it through a simple interface. This means brokers that accept SafeCharge deposits will have a much easier time dealing with international traders who use the most relevant payment methods in their country, as long as these providers are signed up with SafeCharge.

Since SafeCharge is not a digital wallet like PayPal, traders will not need to download and top up a specific app to use the service. Rather, the system will make it easier for investors to transact with merchants and trading brokers if they are signed up to one of the company’s partner payment methods.

Accepted Payment Methods

As part of the Nuvei family, SafeCharge is part of a global payment network that includes more than 600 payment methods.

Customers of hundreds of international banks will be able to use their Visa, Mastercard or other credit and debit cards to make transactions with SafeCharge brokers. The service also works for digital wallets including Apple Pay, PayPal, WeChat Pay, AliPay, WorldPay and others.

The brand has also integrated cryptocurrencies into its roster, allowing users to pay using 160 coins or tokens including Bitcoin, Ethereum, and Cardano.

Transaction Times

Since SafeCharge is not a payment method in itself, transaction times will vary depending on which method you use. Many of the payment methods incorporated in SafeCharge are instant or near instant.

For example, the 7 pages of real-time bank transfer methods listed on the Nuvei website include the UK-based Faster Payments Service and secure payment solution PlusPay among many other options.

Cryptocurrency payments are also likely to be fast, though traffic on the blockchain may result in delays.

Likewise, the SafeCharge broker you use may require some time to process your transaction, particularly if it is a withdrawal. It is common for brokers that accept SafeCharge to support instant deposits, but for withdrawals to take up to a few days.

Fees

SafeCharge’s pricing structure is directed at the merchant, which will pay a percentage of each transaction in exchange for access to the transfer system. In other words, customers only need to worry about any fees charged by SafeCharge brokers.

Fortunately, the top brokers that accept SafeCharge deposits, including IronFX and RoboForex, offer free payments when you fund accounts.

How To Make SafeCharge Deposits & Withdrawals

Brokers that accept SafeCharge deposits will generally not offer this as a payment option in their cashier portal – rather, they will list the respective payment methods that go through the brand’s payment interface.

This means you don’t need to do anything extra to make a payment through a SafeCharge broker – just log in to your brokerage account as usual and follow the instructions on the payment page to make your deposits and withdrawals with your chosen transfer method.

Mobile Payments

SafeCharge has many partner payment methods with mobile transfer options, including giants such as PayPal, Apple Pay, AliPay and WeChat.

Traders who hold accounts at any SafeCharge partner with a mobile app should have no issue making transactions with a broker that accepts this payment method.

Pros Of SafeCharge For UK Traders

• Commission-free deposits at the top SafeCharge brokers
• A global brand with hundreds of partner payment methods
• Quick and seamless trading deposits through participating merchants’ payment pages
• Deposits and withdrawals run using secure protocols that do not store a trader’s data
• A large number of supported payment methods, including major cards, e-wallets and cryptocurrencies

Cons of SafeCharge For UK Traders

• SafeCharge is not a payment method in its own right, so you will still need a bank account or alternative to make deposits to online trading accounts
• No cashback, referral bonus or other incentives to make SafeCharge payments

Security

SafeCharge’s partners benefit from integrated risk management and global identity verification. Traders benefit from seamless transactions with cutting-edge security that utilises tokenisation to access billing data without storing user details.

For added security, sign up with SafeCharge brokers that are regulated by the FCA.

Customer Service

As with other all other services related to the payment firm, customer support is accessed through Nuvei’s website.

Nuvei offers excellent coverage on this front, with technical support available 24/7 and phone numbers in Britain, North America, and Latin America. General customer service enquiry hotlines are open 08:00 am – 07:00 pm, Monday to Friday.

Traders can also send the company details of any issue they encounter by logging a ticket with the company’s support service. Alternatively, the top SafeCharge brokers offer responsive customer support 24/5 or 24/7 via live chat, email, or telephone.

Should Traders Deposit With SafeCharge?

SafeCharge’s payment solution – now incorporated into Nuvei’s system after the 2019 merger – is a fast and secure way to make deposits to online trading accounts. Overall, one of its most impressive features is the flexibility it provides traders, allowing them to make transactions with a huge number of international merchants including SafeCharge brokers.

UK traders will not specifically sign up for SafeCharge. Rather, they can use this service if they sign up with a broker that accepts one of the many transfer methods that has integrated the payment gateway into their system.

Use our list of the best brokers that accept SafeCharge deposits to start trading.

FAQ